American Utilicraft has announced a memorandum of understanding (MoU) with New Mexico-based Native American casino and construction firm TSAY for an $11 million equity investment to build a final-assembly plant for the proposed FF-1080 feeder freighter at San Juan Pueblo airport. Now based in Lawrenceville, Georgia, American Utilicraft says details of the MoU will not be released until negotiations have been completed. Earlier this month, the company announced it had reached a purchase agreement for the initial production lot of 36 FF-1080s with WSI Hong Kong, which is described as a private international trading company.
Source: Flight International