|
| Friday, 14 December 2018, 10:12 HKT/SGT | |
| |
|
|
|
HONG KONG, Dec 14, 2018 - (ACN Newswire) - Avichina (2357.HK) announced that on 13 December 2018, that a number of institutions have increased their shareholdings on the Company, in which their existing strategic shareholder, Airbus Group spent HK$180million in enlarging their shareholdings to 5% in approximate. The increase in shareholdings has been the third time since they entered into strategic cooperation since the IPO of Avichina in 2003.
In the past 15 years, Avichina and Airbus Group has been expanding and enhancing their level of collaboration based on the capital and project cooperation entered at the first place. From the A320 assembly line, the Hafei Airbus Composites Manufacturing Center, to the H175 medium-sized helicopter development and production, both sides have been cooperating in different forms spanning multiple areas of the aviation industry chain. At present, the A320 assembly line has assembled and delivered nearly 400 aircraft, and will achieve a production of 6 aircrafts per month by 2020. The H175 helicopter was certified by the European Aviation Safety Agency in 2017 and delivered to the Hong Kong Government Flying Service in 2018. The Hafei Airbus Composites Manufacturing Center mainly produces composite parts for the A320 family of aircraft and the latest A350XWB widebody aircraft. They also successfully delivered the 1000th A320 aircraft rudder in 2017, the world's only supplier of this product. AVIC is the flagship company of China Aviation Industry specializing in high-tech and military-civilian integrated aviation products and services. The increase in shareholdings from Airbus Group further deepens and consolidates the strategic partnership between two major aviation manufacturing giants in China and Europe and adds a bigger room for wider cooperation in the future.
Topic: Press release summary
Sectors: Airlines, Daily News, Aerospace & Defence
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Viva Technology 2025: Hong Kong Tech Pavilion Empowers Startups to Expand into European Market
June 16, 2025 20:47 HKT/SGT
|
|
|
Scarlet from Candy AI Named Top AI Companion of 2025 
June 16, 2025 20:00 HKT/SGT
|
|
|
Honda Teams to Compete in 2025 FIM Endurance World Championship "Coca-Cola" Suzuka 8 Hours Endurance Road Race 46th Tournament
Monday, June 16, 2025 3:37:00 PM
|
|
|
Fujitsu unveils Millimeter-Wave Monitoring System for enhanced safety and privacy in care facilities
Monday, June 16, 2025 3:20:00 PM
|
|
|
GA-ASI Adds Saab Airborne Early Warning Capability to MQ-9B
June 16, 2025 12:00 HKT/SGT
|
|
|
GA-ASI Announces New PELE Small UAS for International Customers
June 16, 2025 12:00 HKT/SGT
|
|
|
Future of Uncrewed Airpower on Display at Paris Air Show
June 16, 2025 00:00 HKT/SGT
|
|
|
Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Annual Results
Friday, June 13, 2025 9:49:00 PM
|
|
|
Yee Hop Holdings (1662.HK) Subsidiary APEL Launches Microfactory in Collaboration with HKPC
Friday, June 13, 2025 8:38:00 PM
|
|
|
Jacobson Pharma Announces FY2025 Annual Results
Friday, June 13, 2025 7:16:00 PM
|
|
|
|
|
More Press release >> |
|
|
|
