Martin Aircraft and Beijing Voyage Investment Ltd

Chinese Kuang-Chi Science Ltd: Martin Aircraft, which expects to start its first deliveries of the $200,000 jetpacks initially to fire, police and search-and-rescue services in the second half of 2016, also announced it had penned a deal with India M2K group to sell the aircraft in India as well as plans to open a European sales centre in Prague, according to Global Times China. The news of the global expansion quickly pushed the share price to A$1.10, its highest since March, before closing at A$0.925. Martin Aircraft and its joint-venture partner Chinese Kuang-Chi Science Ltd signed an agreement with Beijing Voyage Investment Ltd at the week-long Paris air show which will allow the company to deliver its manned and unmanned jetpacks to China fast-growing aviation market. The company had a successful stock market debut in February with shares opening at A$0.60 versus their A$0.40 issue price after a financing deal with Kuang-Chi Science to invest A$50 million over the following two years. (news.financializer.com). As reported in the news.