Dubai-based Perla Group International, which is scheduled to set up an assembly unit for petrol-run helicopters in the UAE, is planning to go public in February 2010 to raise $33 million (Dh121m).
Initially the company will produce two-seater AK1-3 helicopters.
Charles S D'Alberto, Chief Executive Officer of Perla Group International, told Emirates Business: "We are exploring possibilities to set up our unit in Sharjah, Dubai and Abu Dhabi. We are in discussions with Dubai Aviation City and most probably I guess it will be in Dubai. We are planning to invest about $10m in the new assembly unit. Our helicopter is priced very attractively. We are targeting more than $20m revenues in next year,"
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