At the service trade fair held in Beijing today, Air China and rolls royce invested 2.6 billion yuan to set up an aero-engine joint venture company.

At the service trade fair held in Beijing today, Air China and rolls royce invested 2.6 billion yuan to set up an aero-engine joint venture company.

Under the premise of American technology export restrictions and air travel priority, British aero-engine giant Rolls-Royce and China International Airlines set up a 2.6 billion yuan (US$ 380 million) engine service joint venture, and the new company adopted a 50/50 and joint venture form.

China and Rollo set up a new MRO (Maintenance, Repair and Overhaul) factory in Beijing, which is expected to be put into operation in the mid-1930s. The new engine service company will provide services for Air China's wide-body aircraft equipped with Trent 700, Trent XWB-84 and Trent 1000 engines. Rollo said that these engines power 60% of China's wide-body aircraft, including more than 550 aircraft in service or ordered.

Chris Jolleton, President of rolls royce Civil Aviation Division, said: "The announcement of the establishment of this joint venture company is an important milestone for rolls royce in China. For more than 50 years, we have been providing power for airlines in China. " It is also reported that the new joint venture company "will fill the' blank' in the maintenance of large thrust engines in China and promote the development of aviation services, high-end manufacturing and technology research and development in the economic zone".