Nidwalden AirPark Stans

RUAG Real Estate Ltd has sold Pilatus Aircraft Ltd a part of its site in Stans and Ennetbürgen that is not required for RUAG's operations. RUAG's operations on the Stans site will continue unchanged and remain an important part of the MRO services provided to the Swiss Armed Forces. Pilatus will develop new company projects on the acquired site in accordance with the legally binding design plan. The parties will develop the necessary site infrastructure in accordance with the design plan and the operational requirements in partnership and step by step.

The sale of the partial site is also possible because RUAG Real Estate Ltd has merged with the project development company Nidwalden Airpark AG NAPAG. This means that NAPAG's exclusive rights to the non-operational part of the site have expired. To ensure that Pilatus can complete the first construction phase promptly, RUAG Real Estate Ltd has replaced an existing lease agreement and the necessary easements of the Ennetbürgen cooperative corporation with a purchase right in favor of the corporation. This purchase right was agreed between the buyer Pilatus and the Ennetbürgen cooperative corporation.

With the sale, RUAG is enabling the realization of an aviation-oriented industrial park and the strategic further development of RUAG and Pilatus in the canton of Nidwalden.