Boeing, the world’s leading aircraft maker, said its plans to build maintenance, repair and overhaul (MRO) facilities in Shanghai remain unchanged despite a slowdown in the aviation market, the China Daily reported.
The U.S. company said it will complete the first-phase of construction in October but it will delay its plans to perform passenger-to-freighter conversion due to the significant drop in freight traffic demand caused by the financial crisis.
China Knowledge reports the facility, namely Boeing Shanghai Aviation Services Co, was expected to be a major base for Boeing to convert B767-300 passenger jets into freighters, according to previous reports.
Boeing, the Shanghai Airport Authority and Shanghai Airlines jointly launched Boeing Shanghai Aviation Services in 2006. Boeing holds a 60% stake in the MRO joint venture, the first one in which Boing has chosen to hold a controlling share.