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COMAC signs MOU on Jointly Promoting China-Africa Regional Aviation Cooperation with CADFund and Africa World Airlines

Last Updated (Beijing Time):2019-09-10   Source:News Center of COMAC
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The Fifth Investing in Africa Forum was held in Brazzaville, the capital of the Republic of Congo, on September 10th, 2019 local time. Mr. Cheng Fubo, Vice President of Commercial Aircraft Corporation of China, Ltd. (COMAC), attended the forum and signed, on behalf of the company, a Memorandum of Understanding (MOU) on Jointly Promoting China-Africa Regional Aviation Cooperation with China-Africa Development Fund (CADFund) and Africa World Airlines.

According to the MOU, the three sides would act in response to "The Belt and Road Initiative" and the "China-Africa Regional Aviation Cooperation Strategy" of China, and would rely on their respective resources to promote the launch of China-made aircraft in the African market, jointly explore the aviation market of China-made aircraft in Africa, and build a service guarantee system for China-made aircraft in Africa.

The forum of this year aims to explore how African countries could further attract more investment from China in order to accelerate industrialization and create more employment and economic development opportunities in the context of the unceasingly strengthened China-Africa economic and trade cooperation.

The Investing in Africa Forum (IAF) is important outcome of Johannesburg Summit of the Forum on China-Africa Cooperation in 2015, and is held annually in rotation between China and African countries. The first four sessions were respectively held in Addis Ababa (the capital of Ethiopia), Guangzhou (China), Dakar (the capital of Senegal), and Changsha (China).

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