Upon completion, GAIC will provide aftermarket component support for the Chinese and Asian markets. This acquisition marks another historic milestone for GAIC, following the company’s completion of the first-ever aircraft disassembly and parts redistribution program in China in 2013.
The new teardown project supports GAIC’s initiative to introduce foreign aircraft for disassembly to the Chinese market, in order to help airlines reduce maintenance and operating costs for their aircraft.
Yang Zhang, Managing Director of GA Innovation China, commented on this groundbreaking move by GAIC: “We are pleased to announce yet another innovative solution to maximize value and cut costs for airlines and customers in the Asia-Pacific region.
We are proud to be the first company to support a new and emerging market sector, and look forward to the opportunities for growth it will provide.”
(Business Wire / Yahoo finance News)