The Chinese Vice Premier has reaffirmed his country's commitment to going beyond the China-ASEAN Free Trade Area (CAFTA) which is set to come into effect on January 1, 2010 in developing comprehensive economic cooperation in the Asian region. This agreement will provide a zero-tariff policy on 90 per cent of the products traded between China and ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Once CAFTA takes … [Read more...] about China-ASEAN Free Trade Area on track
MRO Conversions & Manufacturers
IATA growth not quite as good as it seems
The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June. But that improving trend is not quite as good as it seems. Remember that it was this time last year when cargo traffic first dipped into negative territory, and so y-o-y comparisons are starting to get better. Comparing traffic figures to 2007 – the peak of the market - … [Read more...] about IATA growth not quite as good as it seems
Indonesia moves to capture larger slice of MRO biz
GMF AeroAsia and five stateowned MRO companies – Merpati Maintenance Facility, Pelita Air Services, Pelita, Dirgantara Indonesia-ACS, and Nusantara Turbine Propulsi – have signed a Memorandum of Understanding to form Task Force MRO Indonesia as part of a government policy to developthe MRO business. The task force has designed a road map which includes standardisation of maintenance quality, human resources demands for technicians and engineers, capability and capacity … [Read more...] about Indonesia moves to capture larger slice of MRO biz
China Southern to sell 50% MTU stake
China Southern Airlines said it plans to sell a 50 per cent stake in MTU Maintenance Zhuhai to its parent company, China Southern Air Holding for US$235.8 million, according to a Dow Jones report. MTU Maintenance Zhuhai is a 50-50 joint venture between China Southern and MTU Aero Engines, the German manufacturer of commercial and military aero engines. … [Read more...] about China Southern to sell 50% MTU stake
China Southern to sell 50% MTU stake
China Southern Airlines said it plans to sell a 50 per cent stake in MTU Maintenance Zhuhai to its parent company, China Southern Air Holding for US$235.8 million, according to a Dow Jones report. MTU Maintenance Zhuhai is a 50-50 joint venture between China Southern and MTU Aero Engines, the German manufacturer of commercial and military aero engines. … [Read more...] about China Southern to sell 50% MTU stake
Jet Aviation HK gains FAA approval for repairs
Jet Aviation Hong Kong – the Hong Kong branch of the Swiss business aircraft maintenance company – now can perform scheduled and unscheduled maintenance, airframe and engine repairs, avionics modifications, inspections and defect rectifications on US-registered aircraft following US Federal Aviation Administration certification. The Hong Kong facility offers maintenance, aircraft management, flight support and aircraft charter services and expanded last May to offer … [Read more...] about Jet Aviation HK gains FAA approval for repairs
