Commercial Aircraft Project Cooperation of AVIC Jincheng and Hamilton Sundstrand Entered a Substantive Stage

In May, at the joint venture contract signing ceremony of Commercial Aircraft Vapor Cycle Cooling System between AVIC Jincheng Nanjing Engineering Institute of Aircraft System (AVIC Jincheng) and U.S. Hamilton Sundstrand, Jiao Yusong.President & Manager of AVIC Jincheng Group and Director of AVIC Jincheng, signed jointly the contract with Tom Pelland, Vice-President of Hamilton Sundstrand, marking the commercial aircraft cooperation project between the two parties entered into a substantive stage.

The investment total of the intended joint venture is US $10,700,000, which each party holds 50% stake. After the company established, it will first produce the Vapor Cycle Cooling System, including the Secondary Cooling Units (SCU), the Cargo Refrigeration Unit (CRU), and the Galley Cooling Unit (GCU) for commercial aircraft. Business scope will also expand to include system design and research & development.