Boeing to Set up Maintenance Company in China

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 ◆ Boeing to Set up Maintenance Company in China

The American aircraft manufacturer Boeing has pledged to set up a large maintenance plant in Shanghai in cooperation with two local companies.

According to a letter of intent signed recently between Boeing and Shanghai Airlines Co. and Shanghai Airport Group Co., the three companies will invest a total of 80 million U.S. dollars during the initial phase.

The local companies will provide land and cash, but the exact proportion of investment from each of the investors has yet to be decided.

The planned maintenance plant, which will be located in Pudong International Airport, will be big enough to service four to five big Boeing planes at the same time.

The service company will be the biggest of its kind in China.

A spokesman for Boeing said the company plans to invite other partners to expand the proposed service company.