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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

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


Advertisement

More News

Airborne 02.27.15: CS300 Flies, Nimoy Goes West, NTSB's Hart OK'd, PBOR II

Also: Bell 505 Update, Mooney Update, UAV Hysteria, AAR Sells Telair, True Blue Power, More UAV Waivers, Flyers Rights The Bombardier CSeries CS300 airliner made its first flight t>[...]

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... based on all the nonsense we've had to endure in 2014-2015 (which we are duty-bound to lampoon), this may>[...]

CHP Selects Becker Digital Audio And Polycon Wireless Intercom

Systems To Be Installed In New Helicopters And Fixed Wing Fleet Becker Avionics has reached an agreement with the California Highway Patrol (CHP) Office of Air Operations, which wi>[...]

ANA Selects Rolls-Royce Trent 1000 Engines For New Aircraft

Latest Order Valued At $130 Million For Dreamliners Rolls-Royce has been selected by All Nippon Airways (ANA) to provide Trent 1000 engines, worth $130 million, to power three addi>[...]

Klyde Morris (03.02.15)

Klyde Fears FAA's Enforcement Objectives... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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