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An executive briefing on aviation for July 2, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
AIR FRANCE-KLM, CHINA SOUTHERN SET TO ESTABLISH CARGO JV
BEIJING - Air France-KLM Group and China Southern Airlines (SEHK:1055, SSX:600029) agreed to have exclusive discussion over the creation of a cargo joint venture in China, according to a source with Air France-KLM Group Sunday.
Air France-KLM Group and China Southern Airlines already have extensive cooperation in both passenger and cargo services.
BOEING SIGNS US$500 MLN IN CONTRACTS WITH CHINESE SUPPLIERS
BEIJING - U.S. aviation giant Boeing on Friday announced agreements with Chinese suppliers for the production of commercial aircraft parts and components, including the first firm contracts with Chinese suppliers to build parts for the Boeing 747-8 Intercontinental Passenger and Freighter aircraft.
The contracts are valued at an estimated US$500 million and include the 747-8 inboard wing flaps with Xi'an Aircraft Industry (Group) Company Ltd. (XAC), and ailerons and spoilers with Chengdu Aircraft Industrial (Group) Co. Ltd. (CAC), both affiliated to China Aviation Industry Corporation I (AVIC I).
Source: HighBeam Research, BRIEFING - ASIA AVIATION - JULY 2, 2007.