The UAE-based Versa Aerospace has signed a Memorandum of Understanding (MoU) with Aeroter, one of the portfolio companies of the UAE’s Strategic Development Fund (SDF), for the civil or commercial operation of the VRT300, an unmanned helicopter.
Under the MOU, Versa Aerospace is working on developing a long-term relationship where it will manage sales of VRT300 unmanned helicopters for commercial use in different countries of the region.
Furthermore, Versa Aerospace is developing a proposal to design and develop a comprehensive training program where they would act as the primary training provider for Aeroter’s unmanned platforms.
Versa Aerospace will use its training expertise to provide a full suite of innovative and digitally integrated curriculum and courseware for future remote pilots. The new training program will be tailored to meet the demands of customers, with operational and mission-specific inputs ranging from light to heavy payloads.
George Prentzas Chief Operating Officer Versa Aerospace
“Signing this MOU is a huge step forward in the UAE’s logistics industry and will certainly usher in a new concept that reflects the UAE’s agile approach and adaptation to the disruptive technologies of the Fourth Industrial Revolution. The commercial operation of this type of unmanned aerial vehicles (UAVs) would disrupt the transport services market, indicating that the services will include domestic transport, as well as mail and document delivery.”
Mr. Abdulla Mohammed Al Jneibi, Investment Principal at SDF and Board Director of Aeroter, said that this potential partnership meets one of the goals of SDF in enabling the development of UAE based SMEs in strategic sectors by creating added In-Country Value (ICV), stemming from SDF’s local and global investments.
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