"Our aerospace business has shown strong growth.
The group's business in China currently focuses on two fields — smart manufacturing and smart city — that serve more than 40,000 customers in 29 industries such as aerospace, automotive and healthcare, he said.
Brazilian President Luiz Inacio Lula da Silva paid a state visit to China this spring, and both the Chinese and Brazilian governments recognized the importance of strategic exchanges between the two countries in the aerospace sector.
The company expected a stable recovery and sustained growth in the aerospace and medical sectors, which will continue to underpin the metal demand for cobalt globally, said Wang.
The products will be used in many high-end industries including aerospace, railway and maritime transportation, agriculture, medical treatment, construction, electronics and electrical appliances.
Its products are used in a wide range of industries like automotive, aerospace, energy, healthcare, and information and communications technology.
French aerospace executive Remi Paul has been fascinated with flying since childhood.
Paul said that, as a world leader in aerospace, Safran is focused on the decarbonization of the aviation industry.
The aerospace giant announced to set up its second final assembly line in Tianjin when France's President Emmanuel Macron paid a state visit to China in early April.
"China is one of the world's most important aviation markets, with its overall aviation sector together with the carbon emissions generated by the industry, growing constantly," said Xu Jun, president of Honeywell Aerospace, Asia-Pacific.
Airbus aims to gather top talents and promote the development of the aerospace industry in the region.
The new orders were placed by seven domestic aircraft leasing companies that signed agreements with Commercial Aircraft Corp of China, or COMAC, manufacturer of the C919, during the 14th China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, last month.
Wang Yanan, editor-in-chief of Aerospace Knowledge magazine, said: "Mass production of the C919 will help the Chinese aviation industry to be involved in the world's supply chain for large aircraft, and China will be able to acquire valuable experience.
Duofu Aviation Industry Group, a Shanghai-based light-duty helicopter manufacturer, sealed an agreement to supply 155 helicopters with 180 horsepower turbo-shaft engines to both domestic and global clients at the 14th China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province.
Meanwhile, Airbus has signed agreements with Xiamen Airlines, Zhejiang Loong Airlines and Colorful Guizhou Airlines to promote the use of sustainable aviation fuel for commercial flights in China during the 14th China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province on Tuesday.
Digitalization has become a key focus of the country's 14th Five-Year Plan (2021-25), during which, China aims to push forward the digitalization of a raft of industries, including manufacturing, aerospace and healthcare.
Local companies could be included in the global aerospace industry and become reliable partners for Airbus, the aircraft manufacturer said.
Airbus signed a framework agreement with Suzhou Industrial Park on the establishment of the company's new China research center, set to be launched in Suzhou, East China's Jiangsu province on June 24, a move to promote the development of Suzhou's aviation and aerospace industry.
Airbus also said it is committed to leading the decarbonization of the aerospace sector, and aims to develop the world's first zero-emission commercial aircraft by 2035, which is consistent with China's goal to peak its carbon emissions by 2030 and achieve carbon neutrality by 2060.
In recent years, Suzhou has been striving to seize the strategic opportunities of the integrated development of the Yangtze River Delta and build a highland for its aerospace industry.
Suzhou seeks to gather more than 500 enterprises in the aerospace industry chain, with operating income reaching 60 billion yuan (about $9 billion) by 2023.
Airbus is committed to leading the decarbonization of the aerospace sector.
The State-owned enterprises which sent medical assistance to Shanghai include China National Nuclear Corporation, China National Pharmaceutical Group Corp, and China Aerospace Science and Technology Corporation, according to the commission.
"Accel was set up by US-based Collins Aerospace and Beijing Bluesky Aviation Technology Co in 2014, with an initial investment of 390 million yuan.
Honeywell International, a major US supplier of aerospace products, said it will continue to enhance its research and development and production capabilities in China, and also take technologies and products developed in China to overseas markets.
"Honeywell is confident about business prospects in China and has been continuously expanding investment and growing with our local partners," said Steven Lien, president of Honeywell Aerospace Asia-Pacific.
"Almost all Airbus commercial aircraft are supported by aerospace parts made by more than 200 Chinese suppliers, covering their entire life-cycle.
Global aerospace giants are adapting to the changes brought about by the pandemic.
The new technique is expected to enhance the quality and production efficiency of composite materials, which are key to the modern aerospace industry.
Airbus also cooperates with Chinese partners in fields such as smart manufacturing, data analysis in engineering and new aerospace materials.
McDonald's China has announced a renewed three-year partnership on Thursday with China's Lunar Exploration Program (CLEP) on the "Light Up Your Dreams" project to encourage more children to explore their aerospace dreams.
In the next three years, McDonald's will continue to develop activities including efforts to bring the latest aerospace knowledge and development trends to children.
"Riding on development opportunities arising from the new development pattern of ‘dual circulation', our business growth pivots on our technological strengths that drive high-quality economic development in China," said Steven Lien, president of Honeywell China and Aerospace Asia Pacific.
"By partnering with other central SOEs, including Commercial Aircraft Corp of China Ltd and Aero Engine Corp of China, Beijing-based CNBM has not only built a carbon fiber production base to supply materials to China's aviation and aerospace sectors, but also gained qualification to supply three major body parts for the country's CR929 wide-body large passenger aircraft," said Zhou Yuxian, the group's chairman.
Brendon Hill, leading service provider BSI's global head of aerospace, also pays close attention to China's general aviation market.
Honeywell produces a variety of consumer and commercial products, aerospace systems and engineering services for a range of customers like private consumers, major companies and governments.
"We are very looking forward to an increasing domestic demand in transportation, construction, aerospace, consumer goods, home and personal care products and even high-tech industries, such as electronics, in China, as the country has achieved strong business growth last year, becoming the second-largest market after the United States, with the strongest potential for growth.
The node is considered a cost-effective sweet spot that can meet the majority chip demand from industries like automobiles, home appliances, transportation and aerospace.
In addition to Aviation Industry Corp of China, another State-owned defense contractor, China Aerospace Science and Industry Corp, is investing in airships and has designed some prototypes, but it seems that none of them have entered the tourism market.
Wang Yanan, editor-in-chief of Aerospace Knowledge magazine, explained that compared with conventional aircraft like fixed-wing planes or helicopters, airships have much lower costs in terms of procurement, operation and maintenance.
The company will be operating a Chinese-manufactured fleet of aircraft including the ARJ21 regional jet and the C919 narrow-body planes made by State-owned aerospace company Commercial Aircraft Corp of China.
Except for its aerospace business, which has been severely impacted by the COVID-19 pandemic, the conglomerate's other three business units - Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions - have bounced back in China since the third quarter, with some businesses achieving "much better performance compared with last year", Zhang said.
Supported by 91 national key laboratories and 733 national-level R&D platforms, central SOEs have gained a number of breakthroughs in fields like aerospace, telecommunication, and high-end manufacturing during the three-year period.
Boeing signed an agreement with Airshow China on Wednesday, saying it will participate in the 13th China International Aviation and Aerospace Exhibition.
The jet made its maiden flight in September 2018 and was showcased at the 12th China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, that year.
Its products now serve sectors like metallurgy, mining, ports, shipbuilding, energy and aerospace.
The engine is a joint venture between GE and French aerospace company Safran Aircraft Engines.
Besides, Xiaomi also invested in two companies in commercial aerospace area, including Deep Blue Aerospace and GalaxySpaceBaidu's invested in healthcare industry, spending 11.7 billion yuan in 50 companies 11 times this year.
Muilenburg is an aerospace engineer.
Muilenburg joined Boeing in 1985 as an intern before graduating as an aerospace engineer from Iowa State University a year later.
"I don't think Muilenburg has done a bad job," John Cochran, president and CEO of Eaglemark, an aviation consulting firm and professor emeritus of aerospace engineering at Auburn University, told China Daily.
China Aerospace Science and Industry Corp, a State-owned defense conglomerate, is using the expertise gained in the space and defense sectors to boost the growth of smart industries.
- China Aerospace Science & Industry Corporation (CASIC) has rolled out five smart industry platforms in fields like urban governance, smart agriculture and vaccine supervision, according to a forum held Tuesday.
The firm generated 19 billion euros in sales revenue globally in 2018, from its business portfolio spanning aerospace, defence, transportation, digital identity, security and space markets.
Sourisse said this big-ticket acquisition has created a strong opportunity for the group to help China to achieve certain national objectives like developing competencies in domains that are promising for the future, including digital technologies, aerospace, ground transportation and security.
As the latest generation in a family of long-range wide-body jet airliners developed by the European aerospace manufacturer Airbus, the A350 offers a more comfortable and pleasant journey with wider seats, spacious panoramic portholes, alluring ambient lighting and interactive entertainment system.
Despite the deep crisis of the Italian economy in the early days, Blue, an acronym of the family names of the four partners, over subsequent years thrived in the fields of automotive, railway, aerospace, marine and information and communication technologies.
The aerospace industry's biggest annual event, which alternates with Britain's Farnborough Airshow, is traditionally a slugging match between Airbus and Boeing in the $150 billion a year commercial aircraft market.
The platform, initiated by the State-owned defense giant China Aerospace Science and Industry Corp and jointly built by 28 State-owned enterprises, is tasked with concentrating and optimizing online resources of SOEs directly managed by the central government and is expected to support the SOEs' resource sharing and industry-chain establishment, according to a statement published by CASIC after the conference.
A group of 20 central SOEs from sectors including aerospace, energy, mining and construction have pledged to achieve a 12-percent growth in their combined profits in 2019, according to an online statement released Thursday by the State-owned Assets Supervision and Administration Commission (SASAC).
According to McKinsey, research and development spending in construction runs well behind that of other industries, standing at less than one percent of revenues, versus 3.5-4.5 percent in the auto and aerospace sectors.
European aerospace giant Airbus has strengthened ties with China by becoming the first foreign helicopter manufacturer with an assembly line there.
When completed, the site will supply solutions for local and multinational manufacturers in South China, in industries that include automotive, construction, high-speed railway, electronics, food packaging, home and personal care, aerospace and pharmaceutical.
But as chief technology officer of leading aerospace company Airbus, Grazia Vittadini shoulders an ambitious mission to "shape the future sky".
"Diversity injects values into the aerospace industry.
Aerospace giant regards nation as an increasingly important place for talent, innovationAirbus is creating a pillar of innovation in China to leverage future development with Chinese industry and airlines, according to the CEO of the European aerospace giant Tom Enders.
The center is also expected to make use of local expertise, enterprises and ecosystems, combining with Airbus' experiences and resources in aerospace.
Aerospace manufacturers generally have a cycle of 15 to 20 years for new products and Enders admitted that "Airbus certainly needs to be faster".
The duopoly of State-owned giants China Aerospace Science and Technology Corp and China Aerospace Science and Industry Corp remains unchallenged because they are in control of the most essential part of the space business－the carrier rockets.
US aerospace manufacturer Honeywell said on Monday that the overall purchase plans of civil helicopters over the next five years were lower due to the weaker economic outlook, while China stayed as a stable buyer in the industry.
"Despite positive impacts of US tax reform on new helicopter purchase plans in North America, an inconsistent economic outlook for international markets has resulted in lower purchase plans worldwide from fleet managers when compared with a year ago," said Heath Patrick, president for Americas Aftermarket of Honeywell Aerospace.
"Honeywell is a multinational company that provides aerospace products and services, control technologies for buildings and industry, and performance materials.
Airbus China Innovation Centre (ACIC) is the European aerospace giant's first innovations center in Asia and second worldwide after A3 in the Silicon Valley in the United States.
Aiming to explore and inject innovation vitality into the future of flight, its mission is to fully leverage local advantages including talents, enterprises and ecosystems and combine it with Airbus expertise in aerospace, said Airbus.
An article by Honeywell Aerospace said that as much as 844TB (terabyte) data will be created by a narrow-body aircraft's 12 hours of flying, which are equivalent to more than 20,000 4K resolution movies.
Skywise is an enterprise data platform driving digital collaboration across the aerospace value chain.
Increasing demand for more economic planes behind decisionEuropean aerospace group Airbusxa0is to cease production of its A380 superjumbo passenger jet in 2021 because of a significant fall in demand.
The European aerospace group is one of the biggest manufacturers in the UK, where it employs more than 14,000 people.
However, aerospace is a long-term business and we could be forced to redirect future investments in the event of a no-deal Brexit and make no mistake, there are plenty of countries out there who would love to build the wings for Airbus aircraft.
Major aerospace projects are multinational of airs," he added.
However, Enders said Britain's multibillion-pound aerospace sector, a world-leader for a century, is "standing at a precipice".
In addition, Gore has a performance solutions division to supply products that can solve complex mechanical challenges for its customers across a range of industries, including automotive, aerospace, pharmaceutical and electronics.
Last year, three Chinese private aerospace companies iSpace, OneSpcae, Landspace successfully launched their rockets in April, May and December, respectively, as well as the first satellite of the Hongyan constellation, and the first satellite of the Hongyun project, which are China's low-orbit broadband communications satellite constellations, also successfully launched in February and December.
Its products span across the vehicle, electrical, hydraulics and aerospace sectors.
Our aerospace products help to control aerial navigation and propulsion systems, as well as fuel management and distribution.
Eaton-SAMC, our joint venture with the Commercial Aircraft Corp of China, is a key benchmark of our aerospace business in China.
The delivery marked the US aerospace giant and its Chinese partner Commercial Aircraft Corporation of China, Ltd (COMAC) put into operation of their joint plant, the first such Boeing facility outside the United States.
The 10,000-square-meter facility is run by HonFei Flight Technology Co Ltd, a joint venture between AVIC Xi'an Flight Automatic Control Research Institute and the United States manufacturer of aircraft engines and avionics Honeywell Aerospace.
"We have been committed to supporting the emergence of a globally competitive aviation sector in China, and we look forward to extending our relationship with COMAC for the upcoming CR929 program and more," said Steven Lien, president of Honeywell Aerospace Asia-Pacific.
Last month, Honeywell Aerospace and Sichuan Airlines Group created two new high-tech learning centers, providing modern teaching equipment for impoverished children in Southwest China.
The Chinese aerospace manufacturing industry supplies parts for every Boeing jet, including the 737 MAX, 777 and 787 Dreamliner.
"The development of the short-haul regional aircraft market in China is still in its infancy, and there is a remarkable growth potential," Stefano Bortoli, CEO of ATR, a joint venture between Airbus Group and Italy-based aerospace company Leonardo-Finmeccanica, said in Kunming, the capital of Yunnan province.
Boeing will deliver its 2,000th airplane to China within the year, the US top aircraft manufacturer announced at the 12th China International Aviation and Aerospace Exhibition that opened Tuesday in Zhuhai, Guangdong province.
"We are proud to have signed this service agreement with China Eastern, a much-valued customer, at such a significant event," said Paul Freestone, senior vice-president of customers, civil aerospace, Rolls-Royce.
Hundreds of British companies are represented at the expo, covering sectors including healthcare and life sciences, financial services, education, creative industries, consumer goods, food and agriculture, aviation and aerospace, automobiles, artificial intelligence and big data.
US aerospace leader Boeing has taken a leading role in completing a Series A funding round of $16 million for a California-based startup of autonomous drone delivery in urban areas, the company said Tuesday.
Boeing established HorizonX Ventures last year to invest in companies dedicated to aerospace technologies and manufacturing innovations, including autonomous systems, augmented reality and machine learning.
For instance, China now has world-leading high-speed railway, aerospace technology and 3-D printing.
US industrial conglomerate Honeywell International Inc is planning to further accelerate its core business in China in the next 10 years, including digital economy, refinery and aerospace, to capitalize on its solid business foundation in the country during the last 15 years.
"Honeywell will also strive for more innovation in its core businesses, including petrochemicals, refineries and aerospace, he said in Beijing on Tuesday.