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
joint venture
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
Japan Post pulling out of cargo JV with ANA
Japan Post Service Company is planning to pull out of an international air cargo joint venture with All Nippon Airways, according to a Jiji Press report. Japan Post Service, a subsidiary of Japan Post Holdings, intends to sell its entire 33.3 per cent stake in the cargo carrier, ANA and JP Express to the airline company, the report said quoting unnamed sources. ANA currently holds 51.7 per cent in ANA and JP Express. The rest is owned by Nippon Express and Mitsui OSK Lines. Japan Post … [Read more...] about Japan Post pulling out of cargo JV with ANA
Goodrich inks two JVs in China with Xi’an
Goodrich Corporation and Xi’an Aircraft International Corporation (XAIC) have signed agreements to form two 50-50 joint venture companies – between XAIC and each of Goodrich Landing Gear and Goodrich Aerostructures – to support landing gear and engine nacelle components manufacturing. Aimed at tapping the fast-growing Chinese aerospace market, the new companies are expected to compete for market positions on the COMAC C919 single aisle Chinese commercial … [Read more...] about Goodrich inks two JVs in China with Xi’an
Italy’s Alenia and MAS establish Malaysian JV
Alenia Aeronautica and MAS Aerospace Engineering (MAE), a subsidiary of Malaysia Airlines, have signed an agreement to create a joint venture company for the provision of MRO services for ATR aircraft. The new company, MAS-Alenia Aeronautica Aerospace Engineering (MAAE) is 51 per cent owned by MAE and 49 per cent by Alenia Aeronautica. The company’s headquarters will be in Malaysia. … [Read more...] about Italy’s Alenia and MAS establish Malaysian JV
New India JV for GeoPost & Continental Air Exp
GeoPost, the express parcel arm of French Groupe La Poste, and Continental Air Express Pvt Ltd, an associate company of India-based Continental Carriers Group, have announced a new joint venture company based in New Delhi. The new company will be called DPD Continental Pvt. Ltd and will offer inbound and outbound express parcel services under the DPD brand to customers in India. GeoPost Intercontinental, the international expansion arm of GeoPost, will hold a 60 per cent stake while the … [Read more...] about New India JV for GeoPost & Continental Air Exp
