Managing director John Willingham says SALE has no definitive plans to list at the moment, although owners Singapore Airlines (SIA), Boullioun Aviation Services and the Singapore government will consider it within two years.
Willingham says that SALE and Boullioun hope to have a combined portfolio of more than 100 aircraft valued at between $2.5 billion and $3 billion by 2001.
This will make it the world's third largest leasing company by portfolio value.
Fokker Elmo has officially opened its new joint-venture electrical wire harness-manufacturing centre in Beijing.
The centre, Langfang Fokker Electrical System, is a joint venture with two Aviation Industries of China (AVIC) subsidiaries, namely China Precision Engineering Institute and China National Airborne Equipment.
Fokker Elmo holds a 60% stake in the new company, which makes electrical wire harnesses for aircraft and engines. Langfang Fokker has been fully operational since last month, and has been certificated by Fokker as an approved supplier.
British Aerospace (BAe) staff seconded to the Aero International (Regional) (AI(R)) joint venture will virtually all stay in Toulouse even if, as seems certain, the venture in its present form is dismantled.
The UK manufacturer is looking for a site for a children's school which it intends to fund for the pupils of staff in the area.
BAe is still pressing for its sales and marketing support activity linked to the Avro regional jet range to stay with whatever venture remains.
Shorts Missile Systems has achieved the ISO 14001 certification for Environmental Management Systems. It is the first division of its parent organisations Bombardier and Thomson CSF to achieve the award.
Air China has awarded B/E Aerospace contracts to supply new seating and galley products for its new Boeing 737-800s and Boeing 777-200s.
B/E Aerospace says the first contact is valued at $7 million and covers the installation of seats in the first class cabins and main cabins of the 737-800s on order, as well as the installation of steam ovens and coffee makers.
The second contract, valued at $2.8 million, covers the installation of main cabin seats in the carrier's five 777-200s.
Source: Flight Daily News
