Aviation New Technology (300424.SZ) and its subsidiary Tianhong Airlines signed a strategic cooperation agreement with the Tianjin Investment Promotion Bureau

Zhitong Finance App News, Aviation Technology (300424.SZ) announced that on March 22, 2024, Tianjin Investment Promotion Bureau (“Party A 1”), Tianjin Port Free Trade Zone (“Party A 2”), Guangzhou Hangxin Aviation Technology Co., Ltd. (“Party B 1” or “Aviation Technology”, the “Company”) and its holding subsidiary Tianhong Aviation Technology Co., Ltd. (“Party B 2” or “Tianhong Airlines”) signed a “Strategic Cooperation Framework Agreement”.

Focusing on the aviation industry, Party A and B makes full use of the rich education, research and human resources of Tianjin's local universities in the aviation field, such as the Civil Aviation University of China, to give full play to the resource advantages of the Tianjin world's second-largest aircraft leasing cluster, and attract aviation industry resource elements to gather in Tianjin, especially in terms of aviation materials trading, aircraft cabin modification, aircraft dismantling, etc., to promote the implementation of upstream and downstream industrial projects in Tianjin, and further strengthen the construction of the Tianjin aviation industry chain, consolidate the advantages of aviation materials manufacturing, transaction circulation, etc., and jointly promote the high-quality development of the aviation industry in Tianjin. The signing of a strategic agreement will help the company rely on local industrial advantages and platform advantages to carry out aviation maintenance and remanufacturing, aircraft modification and dismantling, and aviation materials trading.