10.5.12

HCS sell stake in CCA

The HCS has sold its minority stake in Clone Commercial Aircraft, maker of the C-485 and other transport aircraft. The HCS said it made 212 million zarks from the sale which will be "put into the HCSAF budget". Some observers are seeing this as a sign the HCS are becoming desperate for money with other sell-offs of land and facilities planned. Some HCS bases have even begun hiring out rooms to the public.

CCA say however the sale will help them reposition as the main builder of Clone transport aircraft especially now the state owned CAC has decided to concentrate on military aviation (except for the iconic CAC 440/460). Sales of CCA's new 380 regional airliner are said to be "brisk" and the first of at least 12 for the HCSAF will begin in a few months with deliveries of the 426 also in progress, it being the new standard utility transport of the HCSAF.

An upgrade for its mainstay 485 (the military version of which is operated by the HCS and DDS) is also in progress.