Core Insights - The Beijing Aircraft Engine Maintenance Project has officially opened, marking a significant breakthrough in China's high-end aircraft engine maintenance sector [1][2] - The project is a joint venture between China International Airlines and Rolls-Royce, with each holding a 50% stake, filling a gap in high-thrust engine maintenance capabilities in mainland China [1][2] - The establishment of Beijing Aircraft Engine Maintenance Co., Ltd. (BAESL) enhances the self-repair capabilities and safety levels of the civil aviation industry in China [1] Company Overview - BAESL has received formal maintenance certification from the Civil Aviation Administration of China, enabling it to conduct deep maintenance on engines [2] - The company plans to gradually undertake major repairs for various Rolls-Royce engines starting in 2026, aiming to reach an annual capacity of 250 engine overhauls by 2034 [2] Industry Context - The Capital Airport Economic Zone is a leader in domestic airport economic development, housing over 240 aviation service enterprises, and forming the largest aviation service industry cluster in China [2] - The economic zone has seen a revenue increase of 6.5% year-on-year, with significant contributions from the aviation maintenance sector, which generates an annual industrial output value of 14 billion yuan, accounting for nearly 20% of the national total [2][3] - The launch of BAESL is expected to enhance the regional aviation industry's competitiveness and inject new momentum into the development of high-end aviation services in China [3]