Latest news with #DanielDerichebourg
South China Morning Post
03-04-2025
- Business
- South China Morning Post
France's Elior Group chief ‘confident' about Hong Kong aircraft processing deal
A leading French aeronautical services company with plans to use Hong Kong as its regional base to expand its reach across Asia, including mainland China, is confident of finalising a deal to develop its first aircraft parts processing and trading centre on the continent. Advertisement In an exclusive interview with the Post, Daniel Derichebourg, chairman and CEO of the France-based Elior Group, expressed confidence a deal with the city government could be reached and that with authorities' support, through provision of land and trained talent, Hong Kong would continue to grow as a centre of aviation excellence. He added he hoped to set up the company's operation for aircraft dismantling, parts processing and recycling in the city 'as soon as possible'. 'We are still in an early stage of our discussions … Yes, we are confident that we will make it work. Because if not, we will not be here,' Derichebourg, 72, said. 'We're keen and committed to setting up this operation in Hong Kong. Our mission is to develop our business in Asia, and Hong Kong will be a regional base.' Advertisement Posting on Facebook last week after meeting with Derichebourg, Chief Executive John Lee Ka-chiu threw his full support behind the group setting up in Hong Kong, pledging the government would provide one-stop services to help operations in the city.
South China Morning Post
29-03-2025
- Business
- South China Morning Post
Aircraft parts hub a role worth landing for Hong Kong
The growth of air travel and cargo has driven parallel demand for support industries. As an aviation hub, Hong Kong airport is evidence of that. One business in increasing demand arises from the retirement of hundreds of planes each year as airline operators update their fleets – the dismantling of aircraft and recycling of parts. It is a global market projected to grow from US$8.1 billion to US$14.7 billion in the decade from 2023 to 2033. Advertisement Hong Kong is well placed to play a regional role, adding to its credentials as an aviation centre of excellence. This may happen before long, thanks to a French aeronautic services company's plans to establish regional headquarters in Hong Kong and expand its regional presence, paving the way for the city to host the continent's first aircraft parts processing and trading centre. The Elior Group, a subsidiary of the Derichebourg Group, has signed a memorandum of understanding with the city's Airport Authority to help expand its operations in Asia. Financial Secretary Paul Chan Mo-po said the MOU explored the possibility of Hong Kong providing professional services, such as aircraft dismantling, parts recycling and training. A source said Elior was expected to work with the Hong Kong International Aviation Academy to train people, creating thousands of jobs and training places. About 400 to 450 aircraft are estimated to be dismantled and recycled globally each year. An emphasis on a circular economy and the growing reusable potential of aircraft components are also expected to drive growth in the global market over the coming years. A single aircraft is typically made of about 800 to 1,000 recyclable parts, including metal alloys such as aluminium and titanium, and composite materials such as carbon fibre. Advertisement Derichebourg Group chairman and CEO Daniel Derichebourg said the group, which counts Airbus, Boeing and Comac as clients, was still discussing details of the Hong Kong operation with the government, including the site and the training of local personnel.
