Text: | Print|

AVIC, Safran seal turbine engines deal

2014-07-24 08:00 Xinhua Web Editor: Qin Dexing
1

Aviation Industry Corporation of China (AVIC) and French plane maker Safran will set up a joint venture in China to make turbine engines.

The two companies signed a memorandum here on Wednesday announcing each side will have a 50-percent stake. They will research, design and make core components of turbine engines for civil service in China.

AVIC and Safran expect to sign a framework agreement during the 10th China International Aviation & Aerospace Exhibition in November.

Details of the agreement have not been unveiled.

Lin Zuoming, board chairman of AVIC, hailed the tie-up as "a breakthrough" in the company's cooperation with Safran.

Marc Ventre, deputy CEO of Safran, said the agreement will combine both sides' most advanced technology and enable the venture to become a world-class turbine engine components maker.

Collaboration between AVIC and Safran dates back to 2009 when they agreed to make landing gears and brake devices together. They then extended cooperation in other fields through a string of deals.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.