国内英语资讯:China, Estonia enhance cooperation in aviation industry
<p><span word="TALLINN">TALLINN</span>, <span word="May">May</span> 3-- <span word="China">China</span>'<span word="s">s</span> <span word="largest">largest</span> <span word="investment">investment</span> <span word="deal">deal</span> <span word="in">in</span> <span word="Estonia">Estonia</span> <span word="so">so</span> <span word="far">far</span> <span word="was">was</span> <span word="completed">completed</span> <span word="on">on</span> <span word="Thursday">Thursday</span> <span word="with">with</span> <span word="a">a</span> <span word="full">full</span> <span word="acquisition">acquisition</span> <span word="and">and</span> <span word="change">change</span> <span word="of">of</span> <span word="shareholder">shareholder</span> <span word="structure">structure</span> <span word="of">of</span> <span word="a">a</span> <span word="Tallinn">Tallinn</span>-<span word="headquartered">headquartered</span> <span word="aircraft">aircraft</span> <span word="maintenance">maintenance</span> <span word="company">company</span>.</p><p><span word="Worth">Worth</span> 43 <span word="million">million</span> <span word="euros">euros</span> (<span word="about">about</span> 51.43 <span word="million">million</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="of">of</span> <span word="equity">equity</span> <span word="value">value</span>, <span word="the">the</span> <span word="deal">deal</span> <span word="made">made</span> <span word="China">China</span>'<span word="s">s</span> <span word="Guangzhou">Guangzhou</span> <span word="Hangxin">Hangxin</span> <span word="Aviation">Aviation</span> <span word="Technology">Technology</span> <span word="the">the</span> <span word="parent">parent</span> <span word="company">company</span> <span word="and">and</span> <span word="strategic">strategic</span> <span word="investor">investor</span> <span word="of">of</span> <span word="Magnetic">Magnetic</span> <span word="MRO">MRO</span> (<span word="Maintenance">Maintenance</span>, <span word="Repair">Repair</span> <span word="and">and</span> <span word="Operation">Operation</span>) <span word="to">to</span> <span word="expand">expand</span> <span word="its">its</span> <span word="global">global</span> <span word="MRO">MRO</span> <span word="presence">presence</span>.</p><p><span word="Alo">Alo</span> <span word="Ivask">Ivask</span>, <span word="Chairman">Chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="Board">Board</span> <span word="of">of</span> <span word="Enterprise">Enterprise</span> <span word="Estonia">Estonia</span>, <span word="welcomed">welcomed</span> <span word="the">the</span> <span word="investment">investment</span> <span word="deal">deal</span> <span word="and">and</span> <span word="hailed">hailed</span> <span word="the">the</span> <span word="fast">fast</span> <span word="growth">growth</span> <span word="and">and</span> <span word="high">high</span>-<span word="level">level</span> <span word="quality">quality</span> <span word="of">of</span> <span word="Magnetic">Magnetic</span> <span word="MRO">MRO</span> <span word="in">in</span> <span word="the">the</span> <span word="past">past</span> <span word="years">years</span>, <span word="expecting">expecting</span> <span word="a">a</span> <span word="bright">bright</span> <span word="future">future</span> <span word="for">for</span> <span word="the">the</span> <span word="company">company</span> <span word="after">after</span> <span word="Hangxin">Hangxin</span>'<span word="s">s</span> <span word="acquisition">acquisition</span>.</p><p><span word="Li">Li</span> <span word="Chao">Chao</span>, <span word="Chinese">Chinese</span> <span word="ambassador">ambassador</span> <span word="to">to</span> <span word="Estonia">Estonia</span>, <span word="termed">termed</span> <span word="the">the</span> <span word="acquisition">acquisition</span> <span word="deal">deal</span> <span word="as">as</span> <span word="strong">strong</span>-<span word="strong">strong</span> <span word="union">union</span> <span word="to">to</span> <span word="promote">promote</span> <span word="and">and</span> <span word="deepen">deepen</span> <span word="bilateral">bilateral</span> <span word="cooperation">cooperation</span>, <span word="which">which</span> <span word="implements">implements</span> <span word="the">the</span> <span word="Belt">Belt</span> <span word="and">and</span> <span word="Road">Road</span> <span word="Initiative">Initiative</span>.</p><p><span word="Over">Over</span> <span word="the">the</span> <span word="past">past</span> <span word="five">five</span> <span word="years">years</span>, <span word="Magnetic">Magnetic</span> <span word="MRO">MRO</span> <span word="has">has</span> <span word="grown">grown</span> <span word="from">from</span> <span word="a">a</span> <span word="labor">labor</span> <span word="intensive">intensive</span> <span word="maintenance">maintenance</span> <span word="facility">facility</span> <span word="into">into</span> <span word="a">a</span> <span word="global">global</span> <span word="Total">Total</span> <span word="Technical">Technical</span> <span word="Care">Care</span> <span word="maintenance">maintenance</span> <span word="and">and</span> <span word="asset">asset</span> <span word="management">management</span> <span word="organization">organization</span>, <span word="whose">whose</span> <span word="major">major</span> <span word="shareholder">shareholder</span> <span word="is">is</span> <span word="a">a</span> <span word="private">private</span> <span word="equity">equity</span> <span word="firm">firm</span> <span word="BaltCap">BaltCap</span>.</p><p><span word="Established">Established</span> <span word="in">in</span> 1994 <span word="in">in</span> <span word="Guangzhou">Guangzhou</span>, <span word="south">south</span> <span word="China">China</span>'<span word="s">s</span> <span word="Guangdong">Guangdong</span> <span word="Province">Province</span>, <span word="Hangxin">Hangxin</span> <span word="is">is</span> <span word="a">a</span> <span word="privately">privately</span>-<span word="owned">owned</span> <span word="company">company</span> <span word="providing">providing</span> <span word="aircraft">aircraft</span> <span word="component">component</span> <span word="maintenance">maintenance</span> <span word="services">services</span>, <span word="technical">technical</span> <span word="solutions">solutions</span> <span word="in">in</span> <span word="the">the</span> <span word="field">field</span> <span word="of">of</span> <span word="aircraft">aircraft</span> <span word="engineering">engineering</span> <span word="and">and</span> <span word="safety">safety</span> <span word="to">to</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="aviation">aviation</span> <span word="industry">industry</span>.</p>
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