Cessna, CAIGA Sign Contract For Joint Venture | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **

Wed, Nov 28, 2012

Cessna, CAIGA Sign Contract For Joint Venture

Will Assemble And Sell Utility Turboprops In China

Cessna has entered into a joint venture contract with China Aviation Industry General Aircraft Company Ltd., (CAIGA) through CAIGA North China Aircraft Industry Co, in accordance with their previously announced strategic agreement, for the formation of a joint venture company to conduct final assembly of Cessna Caravan utility turboprop aircraft in China for the Chinese market. The joint venture contract also contemplates the possibility of designing and assembling new models of utility turboprop aircraft in the future. Formation of the joint venture company remains subject to various government approvals and customary conditions.

Cessna's Wichita, Kansas operations will provide components and parts manufacturing and sub-assemblies for the Caravan aircraft to be sold by the joint venture. Joint venture operations in Shijiazhuang will be designed to conduct final assembly, paint, testing, interior installation, customization, flight testing and delivery of the Cessna Caravan to in-country customers.

"Since its introduction, the Cessna Caravan has proven to be an incredibly reliable aircraft and is particularly well suited for growing global markets," said Scott Ernest, Cessna's president and CEO. "Cessna is pleased to bring the Caravan to customers in China who will benefit from its quality and versatility."

Management of the joint venture will include board members from both Cessna and CAIGA, with the general manager to be nominated by Cessna Aircraft Company and the deputy general manager to be nominated by CAIGA. "Cessna continues to work closely with our partners at CAIGA to bring high quality aircraft to the Chinese market that meets customer expectations for reliability," said William Schultz, Cessna's senior vice president of Business Development, China. "As general aviation continues to grow in China, Cessna is committed to offering the right products to serve the market complemented by the company's unparalleled customer service."

This joint venture contract stems from the strategic framework agreement that Cessna entered into with CAIGA parent company, Aviation Industry Corporation of China (AVIC), in March 2012.

(Pictured: Top, Mr. William Schultz, Cessna's senior vice president of Business Development, and Mr. Zhang Shuwei, deputy general manager of CAIGA and Chairman of CAIGA North China Aircraft Industry Co., Ltd. celebrate the joint venture at a signing ceremony in Shijiazhuang, China. Bottom, Caravan image from file.)

FMI: www.cessna.com

Advertisement

More News

Airborne 11.24.14: FAA Ready To Restrict UAVs?, Sonex's 500th!, Trig TT31 AML

Also: SWAPA Files For NMB, XCOR Milestone, RV Video Tips, Levil's New APP, Ready For AirVenture? In breaking news, ANN has learned that the upcoming regs for UAVs are likely to be >[...]

Is The FAA's UAV Policy Imminent?

Some Details Leaking On The Web, AMA Ready With Response Some details of what the FAA plans to propose when it releases its UAV policy are starting to leak out onto the Internet, a>[...]

Airborne 11.21.14: AEA's 3Q/14 Report, Fantasy Of Flight, Modernizing The NAS

Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]

Airborne 11.24.14: FAA Ready To Restrict UAVs?, Sonex's 500th!, Trig TT31 AML

Also: SWAPA Files For NMB, XCOR Milestone, RV Video Tips, Levil's New APP, Ready For AirVenture? In breaking news, ANN has learned that the upcoming regs for UAVs are likely to be >[...]

ANN's Daily Aero-Linx (11.25.14)

FAA Air Traffic Controller Workforce Plan The Federal Aviation Administration (FAA) plans to hire and train tens of thousands of air traffic controllers over the next decade. FAA's>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC