Aero East Europe gets 1.14 hectares in Jagodina for construction of new aircraft plant
The publically-owned construction land is given to the investor without compensation under a direct agreement, says that decision of the City Council, and the investor obliges to build a facility of five thousand square meters with accompanying features in line with its core activity.
The investor must start building the factory within 12 months of the signing of the agreement and complete the construction in two year, to employ at least 50 workers from the territory of Jagodina initially and 100 to 150 workers in the next three to five years, and the jobs must be maintained for at least five years.
Aero East Europe has been operating in a rented space in Jagodina since November 2017, and it delivered two light Sila aircraft to clients in the USA in late February.
The purchaser in Chicago should get the aircraft on March 24, stated the company’s owner, Milorad Matic.
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