中文

Parts Pooling Service established in Beijing for multilateral interests and strategic cooperation

2016-10-18

On 18th October, 2016, China Aviation Supplies Co., Ltd (also referred as the Parts Pooling Service or PPS hereinafter) was officially announced founded in Beijing, in witness by those distinguished guests including Jianmin, MENG, Associate Director and Yin SHEN, Chief Accountant of State Assets Supervision and Administration Committee, Zhiqing, WANG, Deputy Director of Civil Aviation Authority of China, Jiping, LI, Chairman of the State Major Business Supervisory Board, Rongkun, GAO, Chief Commissioner of Beijing Customs, Jianjiang, CAI, General Manager of China Aviation Group, Xulun, MA, CCP Chief Secretary of China Eastern Airlines Group, Wangeng, TAN, CCP Chief Secretary of China Southern Airlines Group, Dongsheng, LIU, Chairman of China Reform Holdings. Administration representatives of the new holding also make their first debut including Yangmin, LI, President of the PPS & CCP Deputy Secretary of China Eastern Airlines Group, Hai, LI, Vice President of the PPS & General Manager of China Aviation Supplies Holding Company.

The Parts Pooling Service, as approved by the State Council and State Assets Supervision and Administration Committee, is a capitalized entity base on the maternal resources of former China Aviation Supplies Import & Export Limited and reorganized with the financial support from five state-owned enterprise shareholders, which are China Southern, China Aviation, China Eastern, China Aviation Supplies and China Reform Holdings, in a ratio of 24%, 23%, 22%, 21% and 10%. The company will be conducted by its investors and regulatory authorities, through positively acting and pursuing for profits, to benefit all its shareholders with aggressive achievements, its business operation will be market oriented, to set up step by step the common pooling support and centralized logistic service for surplus, consumable, and turnover parts. Also new technologies will be imported in its process including cloud computing and web-based data sharing, in order to innovatively optimize the allocation of resources with improved supply chain management mode. It aims to form an aviation supplies system providing the lowest economic expenses and highest efficiency to its customers.

The Pooling Service could be an experimental efforts for the propulsive movement in the cooperation, reorganization and merging between state-owned enterprises as initiated and encouraged by the central government, in the speech of   Mr. MENG, he describes this exploration as an effective method, which constitutionally exchange and promote the China aviation industry to the next higher level. Several excellences are well admitted, including cost efficiency led by professional management, worldwide reorganization led by increased economic scales and the growth of competitiveness through management optimization and innovation. There’s also three expectations from MENG sent to the company administration, one is to maintain good preservation and appreciation of the state assets through well organization, standard operation, and renewal of both business mode and institutional function, two is to drive the wheel under regulatory restriction and direction,and maintain firm connection between shareholders with multilateral backup and good service, in order to ensure sustainable flight safety, three is to maximize the payback for investors by practically utilizing domestic and foreign resources, in the market-orient manner of centralized, standardized, professional and efficient operation.

In the speech of CAAC Deputy Director Mr. WANG, he emphasizes the importance of an advanced pooling service for the China aviation industry especially under current circumstances of rapid growth. The PPS arises at the right moment and definitely will hold an key position in the construction of next generation aviation supply and supporting system, which plays an importance role in civil aviation maintenance and engineering and benefits those small business for their healthily and continuously blooming. The domestic airliners will be released from those burdens and focusing on their main business. The supply chain could be reformed both in upstream and downstream resulting spiral reactions in the industry, also overlapping investment in state assets could be reasonably reduced, thus the efficiency of capital allocation could be conformed, and multilateral interest will be reshaped as one unity. WANG sends his advice to the company, asking them to make the service interface clear for accessing, standardize the procedure for safe operation. He also encourage the team never stop chasing up with fashions, to extend the system availability and management proficiency serving for the entire aviation industry. For avoidance of any potential risk, the merging of any segments in the supply system shall be well planned and implement

Chief Secretary of China Southern Airlines Mr. TAN expresses his congratulation to the new entity, he praises the PPS as the findings of collective wisdom by central government and entrepreneurs, as well as the outcome of solidarity and cooperation. China Southern will as always act its best contributing to the PPS, so as the other four shareholders consolidate, to build up and serve a state-owned aviation supply system, and henceforth the Chinese aviation industry shall be much more powerful.

General Manager of China Aviation Group Mr. CAI commits put all best efforts in the development of the PPS, to make it one of the world aviation supply giants playing key roles in global market. Multilateral win-win situation will be realized as soon as possible.

Chief Secretary of China Eastern, Mr. MA gives his idea that the establishment of the pooling will introduce a creative mode for airliners who is trying to catch up with the trends of share economy, hence improve the proficiency, cost savings, and make the path for the China aviation industry whom endeavor to go diversification, specialization and internationalization.

The parts pooling is a cross coupling between the shared economy and the aviation supply, as introduced by Mr. LI, President of the PPS, the company will start its business based on the principle of resources sharing, also new technologies such as Internet+ and Bid Data will be fully utilized in the process of reconstruction and innovation for supply chain management. The business model of aviation supply will be renewed by relevant financial measures, ie. demerge, merge, and import. The goal is to provide high valuable service to all shareholders and consequently reform the industry. He also appeals all parties in this pool to unite and take the entity as their common responsibility and interests. Only consolidation shall lead to success and benefit the most in such circumstances thereof.

The company will initiate its business mainly for those typical state-owned airliner at the first beginning, by the web-based pooling service and operational system providing continuous availability and liquidity of aircraft assets. Then subsequent expansion and service shall reach to regional operators and global market, and henceforth to become the world top aviation supplier eventually.

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