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Article: China: Hong Kong targets aircraft seat market.
- Article from:
- TendersInfo
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When the top executive of Hong Kong s Cathay Pacific Airways, Tony Tyler, recently lashed out at Boeing Co. and Airbus SAS for not cutting the cost of their planes as airlines slog through one of their toughest markets in decades, it was welcome news for Hong Kong plastics executive S.W. Wong.
That s because Wong, director of injection molder Vigor Precision Ltd., sees the economy pushing the normally conservative aviation industry to look at new suppliers. He is leading a consortium of Vigor, five other Hong Kong manufacturers and a government agency to try to build a lower-cost aircraft seat manufacturing plant in mainland China. It s a potentially risky ...