Jun. 3, 2009 (China Knowledge) - State-owned Xi'An Aircraft International Corp (XAIC)<000768> said that the company signed a contract with a Philippine airline company to deliver six MA60 airplanes to the airline, sources reported.
So far, the Philippine airline has ordered 11 MA60 airplanes, five of which were ordered, delivered and put into operation in 2008. XAIC will deliver two planes in October 2009, one in December 2009 and 3 in 2010. It will also set up an office in the Philippines to offer services for the airline.
Established in 1997, Shaanxi-based XAIC manufactures and markets structural parts and components for aircraft and automobiles. The company's aircraft products accounted for nearly 94% of its total revenue.
XAIC is one of the member companies of state-owned AVIC Aircraft Corp Ltd and has two subsidiaries.
AVIC earlier this year said it plans to transfer major commercial aircraft assets, including Chengdu Aircraft and Shenyang Aircraft, into XAIC to boost its competitive strength.
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