ST Aerospace recently concluded joint venture discussions with Guangdong Airport Management Corp (GAMC) to establish a commercial aircraft heavy maintenance facility in Guangzhou, China. The joint venture company, ST Aerospace (Guangzhou) Aviation Services Company Ltd, will have a total investment of million. ST Aerospace will own a 49 percent stake in the company, while GAMC will own 51 percent.
Endorsement of the project has already been received from the Civil Aviation Administration of China (CAAC), but it remains subject to approval from the Chinese government. The joint venture company is expected to begin operations two years after incorporation. Construction of the facility is expected to take about two years to complete.
Located within Guangzhou Baiyun International Airport, ST Aerospace (Guangzhou) Aviation Services will occupy an initial area of 147,000 square meters, which will be adequate for two hangars. Each hangar will be able to accommodate two widebody aircraft. The company will provide maintenance and modification services for Boeing and Airbus aircraft, and expects to employ an initial workforce of about 500-600 employees.
Establishment of the company will increases ST Aerospace's business units in China to four. The other three business operations include Shanghai Technologies Aerospace Company (STARCO), an aircraft maintenance, repair and overhaul (MRO) joint venture with China Eastern Airlines in Shanghai; ST Aerospace Technologies (Xiamen) Company (STATCO), an engine MRO and support services joint venture with Xiamen Aviation Industry Company; and ST Aerospace Guangzhou Aero-Technologies & Engineering Company Ltd, an import/export facility.
Endorsement of the project has already been received from the Civil Aviation Administration of China (CAAC), but it remains subject to approval from the Chinese government. The joint venture company is expected to begin operations two years after incorporation. Construction of the facility is expected to take about two years to complete.
Located within Guangzhou Baiyun International Airport, ST Aerospace (Guangzhou) Aviation Services will occupy an initial area of 147,000 square meters, which will be adequate for two hangars. Each hangar will be able to accommodate two widebody aircraft. The company will provide maintenance and modification services for Boeing and Airbus aircraft, and expects to employ an initial workforce of about 500-600 employees.
Establishment of the company will increases ST Aerospace's business units in China to four. The other three business operations include Shanghai Technologies Aerospace Company (STARCO), an aircraft maintenance, repair and overhaul (MRO) joint venture with China Eastern Airlines in Shanghai; ST Aerospace Technologies (Xiamen) Company (STATCO), an engine MRO and support services joint venture with Xiamen Aviation Industry Company; and ST Aerospace Guangzhou Aero-Technologies & Engineering Company Ltd, an import/export facility.
Source: www.defpro.com
