Azerbaijan, South African Republic to create JV for modernization of aircraft

Baku, Azerbaijan, Sept.12 Trend: Paramount Group of the South African Republic has signed a joint venture agreement with Azerbaijan’s AirTechServices Corporation to form Paramount Aerospace Azerbaijan, defenceweb.co.za website reported Sept.12. The joint venture will offer manufacturing capabilities for the modernization and enhancement of helicopters and fixed wing aircraft. . The agreement was signed in Baku, the capital of Azerbaijan during the Azerbaijan International Defense Industry Exhibition (ADEX-2014) on Sept.11. Story still developing Follow us on Twitter @TRENDNewsAgency