A leading French aeronautic services company plans to set up an aircraft parts processing and trading centre in Hong Kong’s Northern Metropolis, which will generate thousands of jobs and open up a lucrative industry as the first of its kind in Asia, the Post has learned.
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A source said on Thursday that Financial Secretary Paul Chan Mo-po would explain the details of setting up the facility and its partnership with the French service provider next week.
The deal underlined Hong Kong’s new role as stipulated by Chinese Premier Li Qiang in the central government’s annual work report on Wednesday that the city should deepen international exchanges and cooperation to help the country further open up amid rising US-China rivalry.
In his budget address last week, Chan revealed plans to develop Hong Kong as Asia’s first aircraft parts processing and trading centre.
He said Hong Kong’s Airport Authority had signed a memorandum of understanding with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in the city.
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On Monday, Chan revealed in the Post’s “Redefining Hong Kong” forum that it was a leading French aerospace company.