2 August 2022
The first Albatross G-111T to be built in the Northern Territory - and Australia - has been purchased by an interstate investor.
Australian entrepreneur Steve Baxter today signed a contract of purchase to buy an amphibious aircraft.
Today's historic purchase follows the recent signing between Amphibian Aerospace Industries (AAI) who will manufacture planes in Darwin, and ShinMaywa, an established aircraft manufacturer in Japan, confirming a partnership to develop an amphibian aircraft manufacturing hub at Darwin Aviation Manufacturing Precinct.
Manufacturing of these aircraft in Darwin is due to commence after the modified version has been certified with the first plane set to be complete by 2026.
Local Territory companies will benefit from the manufacturing of the G-111T Albatross, with the Territory Government facilitating a collaboration agreement between AAI and 15 other signatories.
Signatories to date include SPEE3D, Nupress, Heat Treatment Australia, Dassault Systemes and Airport Development Group (ADG).
In addition, the Territory Aviation Skills Centre, the Chamber of Commerce Northern Territory (NT), Industry Capability Network NT, Australia's Nuclear Science and Technology Organisation, Paspalis Innovation Investment Fund, the Advanced Manufacturing Growth Centre NT and the Territory Government are signatories to the agreement.
The Territory Labor Government has committed $10 million through the Local Jobs Fund to build upgraded versions of the Albatross amphibious aircraft in Darwin.
Once established in the Territory, AAI will generate extensive value to the NT economy with the company forecasting annual revenue of over $100 million by the end of the decade.
Quotes from Chief Minister Natasha Fyles:
"The Northern Territory is Australia's best investment right now.
"This signing is another significant step forward in what will be a long-term creator of highly-skilled jobs in the Northern Territory.
"This exciting venture will create hundreds of jobs and upskilling opportunities for Territorians, while also injecting millions into our economy."
Quotes from Khoa Hoang - Chairman Amphibian Aircraft Holdings Group:
"We are very happy that Albatross Serial Number 1 will go to an Australian"
"Steve Baxter is not only an entrepreneur but is also an avid aviator and we are very pleased that he is our first deposit paid customer."
Quotes from Investor, Steve Baxter:
"The G-111T is an incredible platform, it will enable flexible access to amazing places across the globe, and in comfort. All the better that it will be made in Australia. Well done to Khoa and the awesome team at Amphibian Aerospace Industries, exciting to be on this journey with them."
Northern Territory Government
