International Project Management Investment (IPM), a Dubai-based investor, yesterday said it has entered into an agreement with Corporate Consulta SA of Fribourg, Switzerland, to create a Dh1-billion advanced aviation technology joint venture — Jiahang United Seating Technologies (JUST).
JUST was structured by and between Aerospace Life-Support Industries and Corporate Consulta, a Swiss corporation that has Aerospace Life-Support Industries and United Seating Technologies. United Seating Technologies brings together design partner Bertone, and an engineering and manufacturing partner Optimares, with ultramodern capabilities.
United Seating Technologies UAE (UST-UAE), investment project of IPM Investment will be a 30 per cent equity shareholder in the Swiss United Seating Technologies.
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