AIRBUS TO PUMP ADDITIONAL USD25MN FUND IN SERVICE VENTURE

AsiaInfo Services, May, 2006

AsiaInfo Services 05-03-2006 Airbus to Pump Additional USD25mn Fund in Service Venture BEIJING, May 03, 2006 (SinoCast via COMTEX) -- Airbus announced it would pump additional USD 25 million investment into CASC/AIRBUS-Customer Services, a joint venture co-established by the jet maker and China Aviation Supplies Import and Export Group Corporation. Moreover, Airbus is planning to add new training equipment and facilities in the venture, and sets to further improve the venture's training and support capacity. The service center has trained more than 12,000 registered students both from home and foreign airline companies.

Pilots, maintenance engineers and stewards from China's air carriers who received the training have exceeded 10,000 people, and the figure...

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