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1.
Feature Story /
Pacific
Sunrise, Inc Selected as Facilitator for ChinaExpo
2000 in $117-milion Accounts Receivable
controversy. Gary Gysel and R. Chojnacki heads
Diamond Aircraft inquiry. Diamond Aircraft operates
in PR China as: Dagao General Aviation, Zhanhua
City,
Shandong
Province. Aircraft
JV to start mass production in East China /
Updated: 2006-12-09 10:48 /
100DiamondChinaUpdate2007
/
A Sino-Austrian joint
venture in East China is to step up production of
the DA-40 light aircraft in order to meet growing
demand for training and private aircraft.
BinAo Aircraft Industries Co. Ltd. has received
total orders for 200 DA-40s, each costing about
180,000 US dollars, mostly from pilot training
schools, said BinAo manager Li Songlin.
The joint venture was established in April last
year by Austria's Diamond Aircraft Industries GmbH
and Dagao General Aviation in Zhanhua City,
Shandong Province.
It has an annual production capacity of 500
aircraft, equal to the total number of private
aircraft in China.
Diamond's DA-40 is a four-seater aircraft suitable
for pilot training or personal transport. It can
cruise at 200 kilometers per hour on a single
engine.
The first Diamond aircraft rolled off the
production line in October last year and the
company has produced 16 to date.
"All DA-40 aircraft will be produced in Shandong in
a few years," said Christian Dries, chief executive
officer of Diamond Aircraft, adding the move would
help meet demand for pilot training and personal
transport in China and southeast Asia.
The company has estimated that China's demand for
private aircraft would exceed 1,000 a year in five
to ten years.
Most aircraft parts were purchased from abroad, but
as BinAo improved its technological capacity, more
composite materials and parts would be produced in
Shandong, said Cai Guohua, party secretary of
Zhanhua county.
"Mass production will boost the development of
China's general aviation industry and the
development of related industries like composite
materials, electronics and communications," said
Cai.
Part
02 / More
on Aviation and Avons Future
/
More
on Aviation and Avons
Future
/
About
China's 5 to 10-year plans
Part
03
/
More
on DiamondAir's Mass Production Plant - From China
Daily
4.
Related Stories
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109
CSN / A Pete Allman Report. The Largest PI
Ad Deal For TVI Was the 1997 $117M China Expo2000
Diamond Aircraft Entry To PR China.
Christian
Dries, CEO of Diamond Aircraft Industries Gmbh,
Neustadt, Austria /
Michael Slingluff, Jason Foulds, Canada / GPI -
Wayne Gan -- MORE STORY
COMING 2007
COMING
-- MORE STORY THE FEDS AND REVALUATING THE PEOPLE'S
YUEN FOR US DOLLARS.
MORE
ABOUT DIAMOND AIRCRAFT - PART 03 / 2007 FUTURE IN
CHINA.
More
Articles Converging
News DECEMBER 2007 / TeleCom BuyOuts, Spinoffs and
Asset Seizure Boom
Respectfully
Submitted
Josie
Cory
Publisher/Editor
TVI Magazine
TVI
Magazine, tviNews.net, YES90, Your Easy Search,
Associated Press, Reuters, BBC, LA Times, NY Times,
VRA's D-Diaries, Industry Press Releases, They Said
It, SmartSearch, and Wikipedia, the free
encyclopedia were used in compiling and
ascertaining this Yes90 news
report.
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