Trans-Pacific Aerospace Company, Inc. Announces Plans to Pursue Business Aviation Sector
April 19 2010 - 9:00AM
Marketwired
Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) has announced
plans to penetrate China's new business aviation market.
Trans-Pacific Aerospace will actively begin to build its business
aviation sales pipeline by leveraging its existing contacts within
the commercial divisions of Boeing and Airbus.
"China is one of the world's most significant emerging markets
for business jet aircraft," said Bill McKay, Trans-Pacific
Aerospace CEO, "with China already in the process of building 97
new airports to accommodate the specialized ground handling and
terminal facilities that corporate customers demand."
Business jet manufacturers that have already penetrated the
China market include Airbus Corporate Jet with its A319 and
modified A350s, Boeing Business Jets, Gulfstream and Raytheon. The
buyers of corporate jets in China are typically billionaire
entrepreneurs and top executives of large state-owned corporations
with a global footprint. Forbes magazine recently said that China
has more billionaires than any country apart from the U.S., with 64
of them in mainland China and another 25 in Hong Kong.
Trans-Pacific Aerospace Company plans to use its proprietary
aerospace bearing technologies to manufacture and sell component
parts for both new commercial aircraft and spares for the existing
commercial fleet, initially through a joint venture in China. The
component parts are referred to as self-lubricating spherical
bearings, and they help with several flight critical tasks
including aircraft flight controls and landing gears.
Information About Forward-Looking
Statements
This press release contains or incorporates by reference
"forward-looking statements" including certain information with
respect to plans and strategies of Trans-Pacific Aerospace Company,
Inc. For this purpose, any statements contained herein or
incorporated herein by references that are not statements of
historical fact may be deemed forward looking statements. Without
limiting the foregoing, the words "believes," "suggests,"
"anticipates," "plans," "expects," and similar expressions are
intended to identify forward looking statements. There are a number
of events or actual results of Trans-Pacific Aerospace Company,
Inc. operations that could differ materially from those indicated
by such forward-looking statements.
Contact Investor Relations: William McKay, Chief Executive
Officer 626-755-1211 Email Contact