05-Nov-2007 8:57 AM
Air China, Lufthansa JV to start building 47 mln yuan Beijing warehouse
Analysis
Beijing (XFN-ASIA) - Ameco Beijing, an aircraft maintenance
joint venture between Air China and Lufthansa, said it will start construction
on a 47 mln yuan warehouse this month.
The 8,000 square meter facility, which will be operational by October next year, will store civil aviation materials and maintenance tools, Ameco said in a statement.
Air China holds a 60 pct stake in Ameco Beijing while Lufthansa holds the remaining 40 pct.
The joint venture is based at Beijing Capital International Airport.