Airbus Helicopters to set up parts factory in Hungary

Airbus Helicopters is setting up a parts factory for helicopters in Hungary, the minister of foreign affairs and trade said on Monday. The investment coming on line 2021 will create hundreds of jobs thanks to a cooperation agreement between the Hungarian government and the company, Péter Szijjártó said at a press conference.

Two eastern Hungarian cities are competing to host the factory, and the choice will be made early next year before being finalised after a decision on non-refundable government support for the project, the minister said.

Bruno Even, CEO of Airbus Helicopters, said the signing the MoU opened a new chapter in cooperation between Airbus and Hungary. Parts manufacture involves precision work for which Airbus will rely on Hungarian expertise, he said. In two years’ time, every hundredth helicopter manufactured by Airbus will contain Hungarian components, he added.

Szijjártó said Hungary had won the investment against regional competition.

Among the world’s leading companies in the production of civil and military aircraft and helicopters, Airbus as the largest aircraft and military company in Europe, is putting trust in the Hungarian people’s expertise and hard work, he said.