Tuesday, July 1, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Chinese planemaker COMAC expands overseas push with Hong Kong office, maintenance deal By Reuters

by Reuters
October 31, 2024
in Finance
Reading Time: 2 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


By Lisa Barrington

SEOUL (Reuters) – Chinese language planemaker COMAC opened in Hong Kong its second workplace this week outdoors mainland China, a subsidiary mentioned on Thursday, because the state-owned firm tries to interrupt into a worldwide passenger jet market dominated by Western producers.

COMAC’s two business passenger planes are, except for one Indonesian airline, all flown inside China, however the agency is searching for to develop abroad at a time when market leaders Airbus and Boeing (NYSE:) are struggling to make planes quick sufficient to fulfill demand.

The launch of the COMAC Buyer Service Hong Kong Workplace follows the opening in Singapore on Monday of COMAC’s Asia-Pacific workplace, billed as a strategy to develop the planemaker’s attain abroad.

Li Ling, COMAC deputy common supervisor, mentioned the Hong Kong workplace was an essential step within the planemaker’s worldwide technique, the assertion from COMAC’s customer support arm Shanghai Plane Buyer Service Co mentioned. 

“COMAC appears to be like ahead to working hand in hand with all events to strengthen exchanges with the aviation business in Hong Kong and even Southeast Asia with a extra open perspective,” Li mentioned.     

Hong Kong is a particular administrative area of China with its personal civil aviation regulator. No COMAC planes presently fly to town or have been ordered by Hong Kong-based airways, though there have been two demonstration flights of COMAC’s C919 jet in Hong Kong over the previous 12 months.

On Wednesday, COMAC additionally signed a memorandum of understanding to develop enterprise with Hong Kong-based plane upkeep group HAECO to collaborate on airframe, engine and part providers.

HAECO is owned by Hong Kong conglomerate Swire Pacific (OTC:), the most important shareholder in Cathay Pacific Airways (OTC:).

“The MOU will allow the 2 events to collectively ship extra complete help in the direction of COMAC’s home and worldwide prospects,” mentioned an announcement from HAECO, which already works with COMAC in mainland China. 

COMAC has stepped up plans for manufacturing and gross sales of its C919 narrow-body passenger aircraft, which competes with Boeing’s 737 MAX and Airbus’ A320neo jet households. The Chinese language firm additionally has plans for bigger, wide-body designs.

Trade sources say COMAC is a good distance from making inroads internationally, particularly with out benchmark certifications from the European Union, which it’s pursuing for the C919, or the US.

COMAC beforehand opened a U.S. abroad workplace in 2010 in California, and a European workplace in Paris in 2011 throughout earlier pushes for worldwide certification and cooperation.

Their present standing is unclear.





Source link

Tags: ChineseCOMACdealExpandsHongKongmaintenanceOfficeoverseasplanemakerpushReuters
Previous Post

The U.S. is in the Midst of a Perfect ‘Cognitive Warfare’ Storm

Next Post

Rupee steady at 84.07 against US Dollar amid market pressures

Related Posts

Coffee Break: Armed Madhouse – Are You Not Entertained?

Coffee Break: Armed Madhouse – Are You Not Entertained?

by Haig Hovaness
July 1, 2025
0

We have now entered an period through which warfare has departed from the standard (Clausewitzian) idea of accomplishing clear aims....

Trump’s Handwritten Note to Powell: Lower Rates Abroad, So Why Not Here?

Trump’s Handwritten Note to Powell: Lower Rates Abroad, So Why Not Here?

by Peter C. Earle
July 1, 2025
0

Amid rising requires the Federal Reserve to start reducing rates of interest, White Home officers (and the president himself) have...

Redefining smart lending: FinVolution’s innovative practices across Asia

Redefining smart lending: FinVolution’s innovative practices across Asia

by FinVolution Group
July 1, 2025
0

New types of lending that leverage expertise whereas additionally widening monetary entry by means of innovation are in excessive...

Stocks Rally into Quarter-End on Trade Optimism and Lower Bond Yields

Stocks Rally into Quarter-End on Trade Optimism and Lower Bond Yields

by Barchart
July 1, 2025
0

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.52%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.63%, and the Nasdaq...

Some car insurance customers ‘shaving over £200 off renewal quotes by haggling’

Some car insurance customers ‘shaving over £200 off renewal quotes by haggling’

by Vicky Shaw
June 30, 2025
0

Signal as much as our free cash e-newsletter for funding evaluation and professional recommendation that can assist you construct wealthSignal...

Aditya Birla Capital raises Rs 1,301 cr in debt from AIIB to advance sustainable infra financing

Aditya Birla Capital raises Rs 1,301 cr in debt from AIIB to advance sustainable infra financing

by Euro Times
July 1, 2025
0

Beijing-based multilateral funding company Asian Infrastructure Funding Financial institution (AIIB) has subscribed to Rs 1,301.25 crore of Non-Convertible Debentures (NCDs)...

Next Post
Rupee steady at 84.07 against US Dollar amid market pressures

Rupee steady at 84.07 against US Dollar amid market pressures

AI Startup Backed by Billionaire Peter Thiel’s Founders Fund Raises 0 Million

AI Startup Backed by Billionaire Peter Thiel’s Founders Fund Raises $500 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mexican banks face cascading consequences following US sanctions

Mexican banks face cascading consequences following US sanctions

July 1, 2025
Coffee Break: Armed Madhouse – Are You Not Entertained?

Coffee Break: Armed Madhouse – Are You Not Entertained?

July 1, 2025
How to easily upskill and build IT experience that hiring managers will love – at home

How to easily upskill and build IT experience that hiring managers will love – at home

July 1, 2025
Nasdaq-listed Webus inks 0M funding deal with Ripple Strategy Holdings to support XRP reserve strategy, stock jumps 130% intraday

Nasdaq-listed Webus inks $100M funding deal with Ripple Strategy Holdings to support XRP reserve strategy, stock jumps 130% intraday

July 1, 2025
Ripple CTO Drops Bombshell On Linqto’s Pre-IPO Shares

Ripple CTO Drops Bombshell On Linqto’s Pre-IPO Shares

July 1, 2025
U.S. Senate passes Trump’s ‘Big Beautiful Bill,’ sends to House for final approval

U.S. Senate passes Trump’s ‘Big Beautiful Bill,’ sends to House for final approval

July 1, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Mexican banks face cascading consequences following US sanctions

Coffee Break: Armed Madhouse – Are You Not Entertained?

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In