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COMAC signed Framework Strategic Cooperation Agreement with HNA Group

Last Updated (Beijing Time):2018-06-02   Source:News Center of COMAC
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Commercial Aircraft Corporation of China, Ltd. (COMAC) signed a Framework Strategic Cooperation Agreement with HNA Group on June 2nd, 2018, with the aim of developing comprehensive cooperation in aircraft purchase and operation, aviation market development, aircraft maintenance and customer service, and jointly promoting the market-oriented and large-scale operation of China-made civil aircraft.

Mr. Cheng Fubo, Vice President of COMAC, and Mr. Zhang Ling, Director and CEO (D) of HNA Group, placed their signatures on the framework agreement with the witness of Mr. He Dongfeng, Chairman and Secretary of the Party Committee of COMAC, Mr. Zhao Yuerang, President of COMAC, and Mr. Wang Jian, Chairman of HNA Group. Mr. Tong Fu, Director of HNA Group and Chairman & CEO of HNA Cloud Technology Co., Ltd., Mr. Zhao Quan, Director of HNA Group and Chairman & CEO of HNA Tourism Group, and Mr. Bao Qifa, Vice Chairman & COO of HNA Tourism Group and Chairman of Hainan Airlines, attended the signing ceremony.

According to the agreement, HNA Group plans to gradually introduce and operate 100 ARJ21 aircraft and 200 C919 aircraft in the future to boost the large-scale and market-oriented operation of China-made aircraft. Both sides will work together to develop the domestic regional market, improve the regional aviation business model and build a regional aviation network oriented to the whole country. HNA Group will take the advantage of the resource of global airlines and airline network to expand the scale of China-made aircraft in African aviation market based on the airlines such as Africa World Airlines Limited. At the same time, both sides will explore in-depth cooperation in aircraft maintenance, material support, special personnel training, aircraft leasing and other areas to build a service guarantee system for China-made aircraft.

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