MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: AATMRO | Aero Liquidation
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

A Step Closer to Developing The Muan Aviation Industry City - The plan for Muan Enterprise City was approved by the government in 2006, to dedicate Muan to the aviation industry
A Step Closer to Developing The Muan Aviation Industry City

 

NewswireToday - /newswire/ - Seoul, Korea (South), 2011/01/13 - The plan for Muan Enterprise City was approved by the government in 2006, to dedicate Muan to the aviation industry.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation / Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On January 5, 2011, an MOU (Memorandum of Understanding) was signed by Governor of Jeonlanam province Park Jun Young, Mayor of Muan city Seo Sam Suk, Seabury Group’s Managing Director and Head of Asia-Pacific Consulting Myles Goeller, chairman of MRO company AAT (Avdome Aviation Technology) James Gim, and Vice President of KCFC(Korea China Future Aviation City) Hong Sang Eun at the government building of Jeonlanam province. The signing was a major step in the already initiated plan for developing an important MRO center and an aviation-dedicated industrial cluster in Muan. This ceremony was held for the purpose of securing investors.

A workshop was held on January 6th and 7th between members of Seabury, AAT, KCFC, and government representatives. Important information was exchanged in order to take the most efficient steps towards achieving the Muan Enterprise City and MRO near the Muan International Airport.

Seabury will offer financial and business consulting towards the MRO and Aviation Cluster plan to ensure its successful development and to help form partnerships with strategic partners and investors, drawing on their extensive knowledge and experience in the aerospace and MRO industries.Seabury Group is the largest independent global advisor to the aviation industry, with clients being airlines, Maintenance, Repair and Overhaul organizations (MROs), airline manufacturing companies, and more. They have served over 500 companies all over the world including Boeing, Cathay Pacific, and Alaska Airlines. Seabury’s consultants include top former aviation executives, investment bankers, and other experts of the aviation industry. Seabury has helped raise significant capital for airlines including $1.1 billion for US Airways in 2008, $2.2 billion for US Airways and America West Airlines in 2005, and $1.6 billion for Air Canada in 2004.

The plan for Muan Enterprise City was approved by the government in 2006, to dedicate Muan to the aviation industry. The Muan city and Jeonlanam province governments welcome and encourage the plans for the future city. People with careers in the aviation industry will work and hold residence in this city including engineers and technicians. The Muan International Airport vicinity will include an aircraft R&D center, an components MRO, an engine MRO, an aircraft parts manufacturing, an aircraft and airline related equipment facility, an aviation school, and other aviation facilities. The plan entails Muan becoming a major hub for MRO aircraft maintenance and the aerospace industry.

Myles Goeller, Managing Director and Head of Asia-Pacific Consulting, stated that Asia Pacific’s fleet growth is forecast to account for nearly half of the global fleet growth over the next 10 years. “Asia Pacific’s importance within the global aviation, MRO and Aerospace industries is expected to grow significantly in the coming years,” he said.

The aviation cluster plan is an important undertaking because Northeast Asia is the fastest growing location for commercial aviation MRO in the world. Asia Pacific’s MRO industry, currently a $6 billion industry is projected to grow to be an $11.8 billion industry over the next 10 years. Muan is an ideal location for being a hub for MRO and the future aviation city because of its central location in Northeast Asia, between major cities in China, Japan, and Korea. Muan has major advantages over other locations for being an MRO center in Northeast Asia. Korean aviation-trained workers have higher productivity and skill than in China, while also having a lower cost of labor than in Japan, making it advantageous for Korea to fill this growing and upcoming gap in the aviation industry. Muan’s low cost of living and labor will enable it to take advantage of this growing demand of MRO and aerospace services in Northeast Asia.

AAT and KCFC will also play major roles in the development of MRO and aerospace industries in Muan. AAT (aatmro.com) specializes in MRO aircraft maintenance services for commercial and military aircraft with an emphasis on serving the North East Asian aviation market. The members of AAT have specialized knowledge and expertise in the field of aircraft and MRO that will be instrumental in the actualization of the Muan project.

KCFC is dedicated to establishing the future enterprise city in Muan city with joint efforts and investors from Korea and China. KCFC’s high hopes and vision of forming aviation-focused cultural and economic center in Muan will prove to be a necessary force in the development of this future city.

The Muan MRO and future aviation city plan is still in its developing stages, but now, with the contributions from AAT, KCFC, Seabury Group, and the Muan city and Jeonlanam province governments, the course of the plan is secured for a successful implementation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation / Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AATMRO | Aero Liquidation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation / Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


A Step Closer to Developing The Muan Aviation Industry City

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Madhushree Singh - AATMRO.com 
+82 31-493-2077 mads[.]aatmro.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AATMRO | Aero Liquidation securities in any jurisdiction including any other companies listed or named in this release.

Aviation / Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AATMRO | Aero Liquidation / Company Profile


Read Aviation / Aerospace Most Recent Related Newswires:

Leonardo and CrowdStrike Collaborate to Strengthen Organizations’ Security Posture
Safran Helicopter Engines and ZF Aviation Technology Strengthen Partnership within the European Engine Market
Safran Contributes to 2020 Boeing ecoDemonstrator with New Landing Gear Noise Reduction Technology
Leonardo - US EMS Operator Contracts for First IFR-certified AW119 in the Civil Market Allowing Safer Operations in Challenging Weather Conditions
Leonardo Lands Success in the French EMS Market with its AW109 Trekker
Leonardo Further Consolidates its Positioning in The Space Sector, Increasing its Stake in Avio
Global Commercial Aircraft Market to Focus on Innovative Digital Solutions and Leasing Post-COVID-19 Says Frost & Sullivan
Leonardo Awarded A Contract for FAA’s Distance Measuring Equipment System
Leonardo AW159 Wildcat Helicopter Conducts First Successful Firings of Thales ‘Martlet’ Lightweight Multirole Missile (LMM)
Thales Alenia Space to Supply Thermomechanical Systems for Orion European Service Module
UK Maritime and Coastguard Agency to Get Latest Radar Technology from Leonardo
Leonardo Signed € 2.0 Billion New Credit Facilities to Strengthen the Group’s Liquidity and Support Financial Flexibility
Thales Alenia Space Selected by Dynetics to Partner in the 'Back to the Moon' Challenge
Thales Alenia Space to Develop in Spain the TDRS Transmitter for VEGA Launchers
Leonardo - Health Care District of Palm Beach County in Florida Purchases Two AW169 EMS Helicopters

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  RightITnow, Inc.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)