France's Derichebourg Group plans to set up Hong Kong's plane parts centre: source
The Derichebourg Group is the leading French operator that plans to pour funds into setting up Asia's first aircraft parts processing and trading centre at Hong Kong's
airport and the
Northern Metropolis as part of the city's efforts to enhance its status as an international aviation hub, the Post has learned.
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A source told the Post on Friday that the French multinational would be in charge of operating the planned centre. A facility would be established at Hong Kong International Airport, with the company also expected to be granted land at the Northern Metropolis, a megaproject near the border with mainland China.
'The Derichebourg Group will pour a big investment into setting up shop in Hong Kong for providing aircraft parts processing and trading services. This will create vast economic benefits for the city,' the insider said.
An arm of the Derichebourg Group specialises in aeronautical subcontracting and deals with both commercial and military aircraft.
The subsidiary was founded in 1998 in France and primarily serves constructors, airlines, leasing companies and financial institutions worldwide, offering jet aircraft repair, overhaul, aircraft repair maintenance, furnishing, industrial preparation, technical support, assembly and logistics organisation.
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Financial Secretary Paul Chan Mo-po revealed plans in his budget address last week to develop Hong Kong as Asia's first aircraft parts processing and trading centre. He said on Monday that a leading French aerospace company was involved in the plan, but did not provide a name.
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