IAI to Cooperate with Chinese Lingyun (Yichang) Science and Technology Group Co. Ltd on Establishing a Local MRO Enterprise in the Hubei Province
Israel Aerospace Industries (IAI) has formed a Joint Venture to cooperate with Lingyun (Yichang) Science and Technology Group Co., Ltd., to establish its first local Chinese maintenance, repair and overhaul (MRO) enterprise in the Hubei Province.
This joint venture will be dedicated to expanding civil maintenance services and cargo conversion, as well as laying the groundwork for additional business.
IAI is a world leader in the provision of maintenance services for aircraft, engines and components, including heavy maintenance, modifications, upgrades, conversions and development programs. With IAI’s tremendous and extensive experience as a center of excellence in the MRO arena, the company will work hand-in-hand with Lingyun (Yichang).
Cooperation between the two companies has received strong support from the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), as well as from local municipal and provincial governments.
The agreements were signed in the presence of Mr. Yosi Melamed, VP of IAI’s Bedek Aviation Group, and Mr. Sun Jian, the Chairman of Lingyun. The Chinese guests included, among others, Yichang municipal government and CAAC leaders as well as representatives of many airline companies.
Mr. Qi Longuang, the General Manager of Lingyun, hosted the JV contract signing ceremony.
Yosi Melamed, VP of IAI’s Bedek Aviation Group, said: “This is IAI’s first MRO JV in China and is part of IAI’s strategy to extend our business into the growing Chinese civil aviation sector. This agreement will lead to substantial cooperation between our two companies to the mutual benefit of both parties.”
Mr. Sun Jian, the Board Chairman of Lingyun said: “The establishment of the JV demonstrates the concepts of complementary advantages and win-win cooperation. We will cherish this opportunity to cooperate, and will make full use of resources from both sides, to make our JV business prosperous and shape the JV into a top class company in China and thereby elevate the aviation maintenance service of JV to a leading international level.”
Israel Aerospace Industries:
IAI Ltd. is Israel’s largest aerospace and defence company and a globally recognized technology and innovation leader, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber and homeland security. Since 1953, the company has provided advanced technology solutions to government and commercial customers worldwide including: satellites, missiles, weapon systems and munitions, unmanned and robotic systems, radars, C4ISR and more. IAI also designs and manufactures business jets and aerostructures, performs overhaul and maintenance on commercial aircraft and converts passenger aircraft to refueling and cargo configurations.
Lingyun Science and Technology Group Co., Ltd.
Lingyun is a reputable state-owned aircraft maintenance enterprise and a leading building decoration enterprise, which was founded in 1969, its headquarters is located in Wuhan city, Hubei province. Aircraft maintenance and building decoration are the two major businesses of the Lingyun Group, and it undertakes mainly maintenance and conversions for freighter and other types of aircraft. It also develops and maintains aviation ground equipment as well as designs and installs glass curtain walls for buildings as well as conducts additional businesses.
