Latest news with #DerichebourgGroup
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.
South China Morning Post
07-03-2025
- Business
- South China Morning Post
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. Advertisement 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. Advertisement 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.
