The United Arab Emirates is set for its first aircraft manufacturing deal following the acquisition of a small Ukrainian helicopter company by Dubai-based Perla Group International.
"I went to buy a helicopter and came back owning the company," says Perla's founder and chief executive Charles D'Alberto.
Perla completed the acquisition of Poltava, Ukraine-based DB Aerocopter this week and D'Alberto, whose company has interests in telecommunications, aviation and security, says that he plans to move assembly of its two-seat helicopter to Dubai fed by components supplied from Ukraine.
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