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Business Opportunities In China Being Explored By European Aerospace Firms


01/15/2018


Business Opportunities In China Being Explored By European Aerospace Firms
European companies functional in the aerospace sector is seeking to strengthen their presence in China due to the vast market there and the growing demand from the sector.
 
Enhancing production in localized facilities in China, implementation of new orders, new service contracts and tailored products and services are being offered by such European companies in China.
 
during the French President Emmanuel Macron's state visit to China from January 8 to 10, a Memorandum of Understanding was signed between China Unicom and Eutelsat Communications, one of the largest satellite operators in the world.
 
"China Unicom is our ideal partner for promoting satellite communications in the Belt and Road regions. The MOU aims at addressing the fast-growing market in the Asia-Pacific region," said Rodolphe Belmer, CEO of Eutelsat.
 
The aim of the understanding is to increase inflight connectivity services from the west coast of North America to Asia, and down to Australia, jointly by both the companies using the combined resources available. Further, consideration would also be given about development of satellite communication services across the world.
 
With the aim of increasing efficiency and integration in the manufacturing industry in China, a cooperation framework agreement has been signed between Dassault Aviation and China Aerospace Science and Technology Corporation (CASC).
 
Customer-oriented research, design, simulation, manufacturing and management would be the areas of functioning of the two companies through the providing of information, as well as digital and consulting services through a joint venture.
 
Covering nearly 500 CFM engines, long-term support agreements and new engine orders wwre agreed to be undertaken by world's leading aero-engine manufacturer CFM International through a number of agreements and MOUs, in the aviation sector.
 
9.1 billion U.S. dollars is the total value of the agreements.
 
Ana agreement worth 2.9 billion dollars was signed between Spring Airlines, China's low-cost airline and CFM International for a purchase. For a total of 2.05 billion dollars, agreement for the overhaul of 20 aero-engines and purchase of 150 aero-engines was signed between it and Xiamen Airlines.
 
"Our relationship with Chinese aviation industry goes back more than 30 years, not only as a customer base but a very important supplier base," said Philippe Petitcolin, CEO with CFM parent company Safran. "The new agreements strengthen our commitment to China and solidifies our relationships with our customers there, providing a strong foundation for even more cooperation in the future."
 
"China has the ambition to develop its aviation in both the civil aviation and the manufacturing sector. To us, it is win-win cooperation," said Francois Mery, chief operating officer of Airbus Commercial Aircraft China.
 
"China is more and more important to Airbus. Airbus not only sell aircraft here, but also targets a vertical integration in cooperation with China," Mery said.
 
(Source:www.xinhuanet.com)


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