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North Chungcheong Province Signs MOU with MRO-related US Companies
Date
2015.03.18
Views
511

According to Yonhap News,

(CHEONGJU=Yonhap News) Chungbuk Free Economic Zone announced that it signed a memorandum of understanding (MOU) with Zumwalt Consultant & Inc., a consulting and financial investment company, and GSA Aviation Inc., an aircraft lease company, in Washington, the United States.

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The two companies will find financial investors that can participate in maintenance, repair and operations (MRO) projects.

"As we have reached MOUs with the US companies, there is a higher possibility that we can expand MRO participation with other countries around the world including Japan’s JAL Engineering Co.,Ltd. (JALEC), Malaysia’s Air Asia and MASAE and France’s Safran," said a provincial official.

North Chungcheong Province and Cheongju City signed a MOU with Asiana Airlines to promote the Cheongju MRO project.

The three parties have formed a task force team and established a project plan to create a MRO complex. They also discussed ways to expand administrative and financial support of the central government.

ks@yna.co.kr

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Source Text

Source: Yonhap News (February 26, 2015)

** This article was translated from the Korean.