The Hanoitimes - The Civil Aviation Authority of Vietnam has recently proposed that the Ministry of Transport recommend Aerospace Engineering Services JSC to be Airbus Group’s partner in building a facility to produce spare parts for aircraft. AESC, founded in 2008 and headquartered in Quang Minh Industrial Zone in Hanoi, is 100% Vietnamese-owned. CAAV’s director Lai Xuan Thanh said that AESC was more than sufficiently capable and that if a Vietnamese company were to become partner to Airbus, it would contribute to the development of the Vietnamese air transport industry.AESC is a certificated Part 145 repair station certificated by the European Aviation Safety Agency and the Federal Aviation Administration. “AESC started with maintaining aircraft wheels and brakes. Now it provides a wide range of services and operates in many countries and territories. AESC also provides a complete solution for aircraft interiors from design to manufacturing,” said Tran Hai … [Read more...] about Vietnam to partner with Airbus to produce aircraft spare parts – Opportunities – Investment
Parts for aircraft
Vietnam Air gets loan for aircraft engines purchase
Vietnam Air gets loan for aircraft engines purchase By Binh Nguyen - The Saigon Times Daily HCMC - PetroVietnam Finance Corp. (PVFC) and Cathay United Bank (CUB) have agreed to provide Vietnam Airlines with a loan of US$7.225 million to purchase back-up engines for its new Airbus 321 planes. PVFC said on its website that CUB would be the leader in the syndicated loan and the corporation acted as the arranger and mortgage asset manager of this credit with a term of seven years. The new loan will go to fuel-saving engines as part of Vietnam Airlines’ plan to invest in its modern fleet of Airbus A321 aircraft, in accordance with financing agreements signed by the involved sides in Hanoi on Monday. Pham Ngoc Minh, chief executive officer of Vietnam Airlines, told the signing ceremony that the national flagship would use the loan efficiently as well as would pay this credit with agreed interest rates as clarified in the agreements. Minh did not elaborate on the interest rate, however. … [Read more...] about Vietnam Air gets loan for aircraft engines purchase
Vietnam an attractive place for aircraft plants; Boeing
Vietnam is an attractive place to develop manufacturing plants for aircraft parts, an executive from U.S.-based Boeing Co. said Tuesday. Following a conference in Hanoi that brought Boeing and its partners together with Vietnamese government officials, Boeing representatives said Vietnam represents an appealing environment to create assembly line manufacturing plants. "Vietnam has a very youthful, very energetic and well-educated work force that could provide many competitive capabilities in this industry," Boeing Vice-president for Business Development and Global Strategy Wade Cornelius told reporters at a news conference. … [Read more...] about Vietnam an attractive place for aircraft plants; Boeing
All at sea: Australia’s search for MH370 under scrutiny
Nearly a year after embarking on a multi-million dollar quest to solve one of aviation's greatest unsolved mysteries, authorities and search teams are being criticised over their approach to finding Flight MH370 in the remote southern Indian Ocean. The Australian-led search, already the most expensive in aviation history, has found no trace of the Malaysia Airlines jet or its 239 passengers and crew, prompting calls for a rethink into the way the mission is conducted. Experts involved in past deep water searches say the search to find MH370 could easily miss the plane as Dutch company Fugro NV, the firm at the forefront of the mission, is using inappropriate technology for some terrain and inexperienced personnel for the highly specialised task of hunting man-made objects. Heightening concerns, Australian authorities said on Wednesday that another search vessel, the Go Phoenix, which is using the world's best deep sea search equipment and crew provided by U.S. firm Phoenix … [Read more...] about All at sea: Australia’s search for MH370 under scrutiny
CCB, VietJetAir in partnership for aircraft financing
CCB, VietJetAir in partnership for aircraft financing Binh Nguyen By Binh Nguyen - The Saigon Times Daily HCMC - China Construction Bank (CCB) and its subsidiary CCB Financial Leasing Corporation Limited have struck a deal with VietJet Aviation Joint Stock Co. (VietJetAir) on strategic partnership in financing and leasing aircraft as well as funding arrangement for aircraft engines, materials and equipment. VietJetAir told the Daily that the agreement was signed in HCMC last week when the fast-growing no-frills carrier of Vietnam took delivery of its second new fuel-saving aircraft Airbus A320 Sharklet at Tan Son Nhat International Airport in a plan to expand its fleet. A statement released by VietJetAir after the signing said CCB was the second largest bank in China and had a branch in Vietnam. The CCB Financial Leasing Corporation Limited has total authorized capital of US$854 million and total assets of US$10 billion in 2013. VietJetAir said the deal was one of its fresh moves … [Read more...] about CCB, VietJetAir in partnership for aircraft financing