Red Jet 7 will be built at East Cowes, securing 85 jobs there - and will join the fleet next summer.
Ashya King: New Video Shows Southsea Boy's Progress
Ashya King's brother has released a new video, showing the Southsea boy's recovery after his cancer treatment in Prague.
In it, five-year-old Ashya's seen smiling, playing with toys and spelling his name.
He's been treated in the Czech Republic where he underwent proton beam therapy. In October, Ashya had his last dose of the specialist treatment in Prague.
Speaking last month, his father Brett King told Sky News:
``After some time we decided that perhaps it was best to return to Spain.
``We have a property there so life can be established quite easily for us.
``At the moment we don't feel 100% safe, I suppose you would call it, contemplating being in England until perhaps they do this investigation into how everything was conducted for us.
``Once that has been established then we can think about going back to England. But for the time being we have been in contact with a doctor in Spain so we are continuing with (Ashya's) treatment in Spain instead of England.''
Asked why they were reluctant to return to Britain, Mr King said: ``Because there is so much still at stake.
``We wouldn't want to lose Ashya. It would probably never happen but just having that small risk that you don't have to do anything wrong to have your children taken away and (be) thrown in prison...''
The Kings sparked an international manhunt when they removed Ashya from Southampton General Hospital on August 28 against medical advice.
They faced a protracted legal battle to get him to the Proton Therapy Centre (PTC) in Prague, with a High Court judge only approving the move after they had been released from police custody in Spain.
Iva Tatounova, director of the PTC, said:
``I don't know if you remember the pictures when he was transported here - just lying on his bed in the ambulance.
``Now he can sit on his own, he can play with the toys and his motorics improved dramatically. He can also react to his surroundings.''
The PTC has said proton therapy is more effective than radiotherapy as it limits the collateral damage of radiation to other vital organs, such as the heart and liver in Ashya's case. This would lead to less severe long-term side-effects including heart and breathing problems.
The therapy is not available for him on the NHS, although the health service has since agreed to fund Ashya's treatment.
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