By: Lee Hsin-Yin
Taipei, Nov. 14 (CNA) China Airlines (CAL), one of Taiwan’s leading carriers, on Tuesday
announced the establishment of a joint venture with U.S.-based NORDAM Aerospace Group to repair and overhaul structural aircraft components for the CAL fleet and for other airlines in the Asia-Pacific region.
The joint venture, to be called NORDAM Asia Limited, is expected to stimulate industry investment, cultivate aerospace maintenance expertise and create new jobs in Taiwan, according to CAL.
CAL Chairman Ho Nuan-hsuan (何煖軒), who will chair the new company, said he hopes the joint venture will kick-start the aerospace industry in Taiwan.
Apart from the expected boost to the components and parts industry, related manufacturing industries should be energized by the joint venture, which would lead to new market opportunities and closer links between the domestic and overseas aerospace industries, he said. [FULL STORY]