LONDON, July 17 -- The fast-growing market demand of civil aircraft and rapid development of aviation industry offer uNPRecedented opportunities for cooperation between China and Europe which has seen remarkable progress in recent years.
At the ongoing renowned Farnborough International Airshow in southwest of London, Aviation Industry Corporation of China (AVIC) has announced the establishment of AVIC Cabin Systems Co., Ltd. (ACS).
The operational headquarters of ACS, with its products covering most segments of cabin interiors industry with high-profile customers such as Boeing and Airbus, is based in London.
"The fact that the company's operational headquarters is based in London demonstrated AVIC's confidence about the business environment in the UK and Europe, and it is another important step of AVIC's globalization," said Chairman of AVIC Tan Ruisong at the launching ceremony.
Statistics shows that the global market of cabin interiors in 2017 was valued at 12.6 billion dollars and is anticipated to grow to 14.4 billion dollars in 2020 and 18.4 billion dollars in 2025 with an annual rate of nearly 5 percent.
Gary Montgomery, CEO of Thompson Aero Seating, a major ACS supplier of first-class and business class seats based in Belfast, Northern Ireland, said the establishment of ACS will help create synergy across the cabin companies and provide better products and services to global customers, noting that he is optimistic about the prospects of ACS.
【国际英语资讯:Spotlight: China-Europe cooperation on aviation shifts into higher gear】相关文章:
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