Heico said yesterday that China Aviation Import & Export Group (CASGC) and Heico Parts Group have entered into a joint agreement for the promotion of Heico’s US Federal Aviation Administration-approved aircraft and engine replacement products in China. The Hollywood, Florida-based company claims that this is the first agreement of its kind in the aviation industry.
Eric Mendelson, president and chief executive of Heico Aerospace, commented: “This alignment with CASGC will allow us to access markets in China for the first time. We are excited about the opportunity to work with them and expect this co-operation will effectively position us for the tremendous aviation expansion occurring in China.”
CASGC is a government-owned company, primarily engaged in the import and export of aviation-related products in China, including aircraft, engines, spares, ground support and safety equipment. CASGC’s business scope also covers leasing, maintenance, component repair and overhaul, consignment stores, manufacturing, and training.
Heico is engaged primarily in several niche segments of the aviation, defence, space and electronics industries through its Heico Aerospace Holdings and Electronic Technologies subsidiaries.
Customers include a majority of the world’s airlines and overhaul facilities as well as numerous defence and space contractors - and military agencies. It is the world’s largest independent supplier of FAA-approved engine and component parts, holding over 4,000 manufacturer approved parts and producing more than 300 new parts each year.
The Heico Parts Group offers products for almost every engine platform, ranging from nuts/bolts, combustors and blades, to fuel pump gears, bearings and thrust reverser cascades, and delivers more than 2.7 million parts a year to the world’s major operators - counting every major airline as a customer, with 16 of the world’s 20 largest airlines flying their parts.
Source: Flight Daily News