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 Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 11.30.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.30.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Thu, Nov 15, 2012

Cessna, CAIGA Sign Contract For Joint Venture

Will Assemble And Sell Citation XLS+ Business Jets In China

Cessna has entered into a joint venture contract with China Aviation Industry General Aircraft Company Ltd. (CAIGA), in accordance with their previously announced strategic agreement, for the formation of a joint venture company to conduct final assembly of Cessna Citation XLS+ aircraft in China for the Chinese market. As the largest general aviation company in the world, Cessna's relationship with CAIGA taps into what is expected to be the highest growth aviation market during the coming decade. 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 aircraft to be sold by the joint venture. Joint venture operations in Zhuhai will be designed to conduct final assembly, paint, testing, interior installation, customization, flight testing and delivery of the Cessna XLS+ business jets to in-country customers.

"This is an exciting opportunity for Cessna, given the tremendous growth potential of the region and our ability to bring high quality, proven aircraft that people have come to expect from Cessna," said Scott Ernest, president and CEO.

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. "We are extremely pleased with this joint venture contract and we look forward to producing high-quality business jets for the Chinese market," said Bill Schultz, Cessna's senior vice president of Business Development, China. "Customers can expect rigorous testing and quality controls that are the hallmark of our reliable aircraft family."

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 below Left: William Schultz, Cessna SVP, Business Development, China. Right: Qu Jingwen, GM, AVIC CAIGA)

FMI: www.cessna.com


More News

Airborne 11.25.15: Blue Origin Reusable Rocket!, AMA Reacts, Transgender Pilots

Also: UK CAA, E-Fest 2015, Citizens In Space, Gulfstream G500, Dassault Falcon Jet, CFM LEAP-1A, Tuskegee's Milton Crenchaw ANN Airborne Link: /index.cfm?do=video.playVideo&vid>[...]

Klyde Morris (11.20.15)

Klyde Is SO Ready For An Upgrade... FMI: www.klydemorris.com>[...]

FlightSafety International Further Enhances Gulfstream G650 Training

Simulator Upgrades Include Autobrake Systems For Initial And Recurrent Training FlightSafety continues to enhance its Gulfstream G650 training program with upgrades to the simulato>[...]

Spirit Begins Production Of First Production RAAF P-8A

Aircraft Scheduled For Delivery In Early 2016 Spirit AeroSystems Inc. has begun production of the Royal Australian Air Force's (RAAF) first production P-8A aircraft. Spirit started>[...]

Aero-News: Quote Of The Day (11.30.15)

"ICARUS is going to revolutionize how we approach pilot training. It provides experience to student pilots that we cannot provide right now outside of a simulator. This product wil>[...]

blog comments powered by Disqus





© 2007 - 2015 Web Development & Design by Pauli Systems, LC