Evergreen International, Shenzhen Airlines to put up aircraft maintenance company

The Evergreen International Aviation, Inc. signed a Memorandum of Understanding (MOU) with Shenzhen Airlines and Shenzhen Airport to set up an aircraft maintenance company in Shenzhen. The three parties formally signed the MOU on November 29th in Beijing with the aim of putting up a joint project venture in the center of China’s Pearl River Delta Area. The first stage of the joint project venture has an estimated investment of USD 53 million. On December 17th, Evergreen International Aviation, Inc. Chairman Timothy Walhberg met with Shenzhen City Vice Mayor Zhang Siping to discuss and share opinions on the expected establishment of the joint venture project, which will be based in Shenzhen. Both agreed on the vast opportunities and advantages of putting up the aircraft maintenance venture in Shenzhen. According to Wahlberg, Evergreen thinks highly of the continual development of China’s aviation industry. He said the company is confident in putting up the joint venture in Shenzhen. “The project would be the first aircraft maintenance company established by Evergreen in China. Evergreen will actively look for cooperation and support from every party and will strive to have the project fulfilled on the earliest possible opportunity,” Wahlberg added. Evergreen International Aviation is a United States company based in McMinnville, Oregon. It is a privately held global aviation services company with eight subsidiary companies running under its name. Evergreen’s services include global air cargo transport, helicopter aviation services, aircraft maintenance, aircraft and engine parts sales and lease, airport logistics and ground handling operations, and agricultural products. Zhang said that Shenzhen Baoan International Airport’s strategic location at the center of the Pearl River Delta airports group has given it the advantage. Its passenger and freight traffic is continuously on the rise and in several years the infrastructure of the airport will further develop. Zhang further said that the development potential of Shenzhen is great. “Setting up a joint venture aircraft Maintenance Company in the area could promote related industry and will lead not only in improving Shenzhen Baoan International Airport but the entire aviation market as well,” said Zhang.