Economic Watch: European aerospace enterprises embrace business opportunities in China – Xinhua

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by Hu Tao, Li Mengxin

BEIJING, Jan. 12 (Xinhua) — China’s vast market and surging demand in the aerospace sector is inspiring more European companies to strengthen their presence in the country.

They are flocking to China with tailored products and services,embracing new orders, new service contracts and ramping up production in localized facilities.

BROAD MARKET IN SPACE

Eutelsat Communications, one of the world’s leading satellite operators, signed a Memorandum of Understanding with China Unicom during the French President Emmanuel Macron’s state visit to China from January 8 to 10.

“China Unicom is our ideal partner for promoting satellite communications in the Belt and Road regions. The MOU aims at addressing the fast-growing market in the Asia-Pacific region,” said Rodolphe Belmer, CEO of Eutelsat.

Both sides will jointly leverage resources to enhance inflight connectivity services from the west coast of North America to Asia, and down to Australia. They will also consider further developing satellite communication services across the globe.

Meanwhile, China Aerospace Science and Technology Corporation (CASC) and Dassault Aviation signed a cooperation framework agreement, targeting efficiency and integration improvements in China’s manufacturing industry.

The two companies have set up joint ventures and will provide information, as well as digital and consulting services with customer-oriented research, design, simulation, manufacturing and management.

WIN-WIN COOPERATION

In the aviation sector, the world’s leading aero-engine manufacturer CFM International concluded agreements and MOUs for new engine orders and long-term support agreements covering nearly 500 CFM engines.

The total value of the agreements is 9.1 billion U.S. dollars at list price.

CFM International signed a purchase agreement with Spring Airlines, China’s low-cost airline, with a contract price of 2.9 billion dollars.

It signed an agreement with Xiamen Airlines, which entails the purchase of 150 aero-engines and the overhaul of

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