GCAT contract signature
On 19 September 2011, GCAT (Grand China Aviation Technik) and STTS Group signed a contract to establish an aerospace painting Joint Venture, which will be founded in December this year. The ceremony took place at the Hainan Airlines building in Haikou.
Mr.Dang Jianping, President of GCAT, said that with the rate of development of the economy and rapid expansion of aircraft fleets in China, aerospace painting business has vast potential for further development. The objective of the JV is to create a high quality aerospace painting company which becomes the premier aerospace painting service provider in the region.