Core Points - Rolls-Royce has established the Beijing Aircraft Engine Services Limited (BAESL), marking a significant advancement in Sino-British cooperation in high-end aircraft engine maintenance [1][2] - BAESL is a joint venture between China International Airlines and Rolls-Royce, with each holding a 50% stake [2] - The facility covers approximately 59,000 square meters and is equipped with advanced maintenance technology, including leading-edge CNC grinding and fluorescent detection equipment [2] Company Overview - BAESL aims to start overhauling the Trent 700 engine by 2026, with an initial target of servicing 8 engines in the first year [4] - By 2034, BAESL plans to achieve an annual overhaul capacity of 250 engines, creating 800 to 1,000 high-end technical jobs in the local area [4] - Rolls-Royce currently provides power for over 500 commercial aircraft in China, with the Trent series engines accounting for about 20% of global deliveries [2] Industry Context - The establishment of BAESL is seen as a response to the growing demand for reliable and efficient maintenance support for aircraft fleets in China [2][4] - The local government's supportive business environment has been a crucial factor in the rapid establishment of BAESL, which took only three years from planning to opening [4] - The partnership between China International Airlines and Rolls-Royce was formalized in a cooperation agreement signed in 2022 [4]