RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China to deliver two 50-seat planes to Bolivia
Adjust font size:

China will deliver two MA60 regional planes to Bolivia in February, the first Chinese aircraft to enter South America, China National Aero-Technology Import & Export Corp (CATIC) said on Friday.

 

 

The 50-seat turboprops are produced by China Aviation Industry Corp I (AVIC I).

 

CATIC, in which AVIC I and AVIC II each hold 50 percent stakes, handles over 80 percent of the country's aviation imports and exports.

 

"We will continue to make great efforts to explore international markets for Chinese commercial airplanes," Huang Bin, CATIC's senior vice-president, said.

 

The MA60 has received 116 orders, of which 86 are from overseas. The planes have been delivered to Zimbabwe, Laos, Zambia and the Republic of Congo.

 

CATIC plans to improve after-sales service of China-made commercial planes and set up spare part centers abroad, Huang said.

 

The company has 56 overseas representative offices in 31 countries and regions.

 

CATIC on Friday posted a record profit of one billion yuan in 2007, up 30 percent over the previous year. Its aviation exports also hit a record high at $500 million. It achieved total sales of 23.5 billion yuan last year, up 24 percent year-on-year.

 

Huang said CATIC would continue to work on its plans to introduce strategic investors and to list as a whole. But he declined to give a timetable for the plans.

 

CATIC President Fu Shula previously told China Daily that it would seek strategic investment from domestic companies with strong financial backgrounds and resources.

 

But Huang said the plan could be delayed due to the restructuring of its parents, AVIC I and AVIC II.

 

The State Commission of Science, Technology and Industry for National Defense is working on a plan to restructure and consolidate the businesses of the country's two leading aviation manufacturers. Details of the plan are expected to be announced in March. China's ambition to develop its own large commercial airplane is the main driver behind the restructuring.

 

CATIC has more than 10 regional subsidiaries around China. It owns three Hong Kong-listed companies and three mainland-listed firms.

 

(China Daily January 26, 2008)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- China-made MA60 commuter plane debuts in Angola
- China's 1st jumbo aircraft company to be set up
- Large aircraft firm to be launched in March
- Modern Ark 60 receives 20 new orders
- China plans bigger version of first airliner
- Shenyang Aircraft Corp. to manufacture planes for Cessna
- Xi'an Aircraft gains approval to sell shares
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号