近日，在海口空港综合保税区一站式飞机维修产业基地，来自泰国、柬埔寨等国的飞机整齐停放， 正有序开展定检、喷漆、发动机更换等全链条维修服务。毗邻的航空发动机维修基地内，工程师正借助 先进的发动机试车台模拟真实飞行工况，对入区维修的发动机性能与可靠性开展全维度精准测试，核心 维修技术能力持续升级。 大新华飞机维修服务有限公司负责人表示，2025年该公司承接了80架次境外飞机保税维修业务，随 着海南自贸港正式启动封关运作与公司维修能力提升，2026年预计承接量将破百架，实现业务跨越式增 长。 海口海关1月28日发布统计数据，2025年海口空港综合保税区累计完成87架次飞机、15台发动机、 15批次航材入区维修，维修业务进出口值首次突破千亿元大关，同比增长超70%。 针对保税维修业务增长态势，海口海关所属海口美兰机场海关创新实施"航空器维修免关税服务新 模式"，推行全天候通关监管，保障维修飞机、发动机及航材快速高效进出区。同时，依托科技赋能构 建"现场巡查+远程视频监控"的线上线下联动监管体系，实现监管效能与服务效率的双提升。 航空保税维修的蓬勃发展，也带动区内航空保税租赁、航空保税物流等关联业务实现突破。2025 ...

海口空港综保区维修业务进出口值首破千亿大关 随着服务能力持续增强，"海南自贸港维修"正加速开拓国际业务，航空维修服务已辐射全球多个国家和 地区。 针对保税维修业务增长态势，海口海关所属海口美兰机场海关创新实施"航空器维修免关税服务新模 式"，推行全天候通关监管，保障维修飞机、发动机及航材快速高效进出区。同时，依托科技赋能构 建"现场巡查+远程视频监控"的线上线下联动监管体系，实现监管效能与服务效率的双提升。 航空保税维修的蓬勃发展，也带动区内航空保税租赁、航空保税物流等关联业务实现突破。2025年，海 口空港综保区共完成5架次飞机、2台发动机保税租赁业务，货值20.5亿元，同比增长3.6倍；区内企业运 用"分送集报"模式完成150批次航材出区内销，货值约1.2亿元，航空产业链条不断延伸。(完) 中新网海口1月28日电 (陈小丰 云兰)在海南自贸港政策加持下，"十四五"期间成立的海口空港综合保税 区高速发展。海口海关28日披露，2025年海口空港综保区累计完成87架次飞机、15台发动机、15批次航 材入区维修，维修业务进出口值首次突破千亿元大关，同比增长超70%。 近日，在海口空港综合保税区一站式飞机维修产业基 ...

Group 1 - The core theme of the news is the significance of the China International Import Expo (CIIE) as a platform for global cooperation and trade, showcasing a variety of products and fostering partnerships between domestic and international companies [2][3][4] - The CIIE has facilitated substantial business transactions, including a notable deal worth over 100 million USD signed by an engine repair company on the first day of the event [1] - The participation of companies from the least developed countries has increased, with 163 companies attending, marking a 23.5% year-on-year growth, and the number of African exhibitors has surged by 80% [3] Group 2 - The event emphasizes the importance of open cooperation and mutual benefits, aligning with China's modernization goals and enhancing domestic enterprises' capabilities through international collaboration [3][4] - The CIIE serves as a window for high-level opening-up, providing opportunities for global businesses to tap into the Chinese market, which is seen as a pathway to future growth [3][4] - The expo reflects China's commitment to high-quality development and its role in promoting global economic recovery and growth through shared opportunities [4]

Financial Data and Key Metrics Changes - The company is on track to produce approximately $750 million in free cash flow for the year [70] - The company aims to achieve a strong BB rating from credit agencies, with a debt to total EBITDA ratio under three times [70] Business Line Data and Key Metrics Changes - The company has closed or is under letter of intent for 145 aircraft in its new leasing partnership, ahead of its target of 250 aircraft by year-end [8][9] - The goal for this year is to produce 750 modules across three facilities, with expectations to grow production to 1,000 modules by 2026 [27][28] Market Data and Key Metrics Changes - The addressable market for V2500 and CFM56 maintenance spend is approximately $22 billion annually, with the company currently holding about 9% market share, up from 5% a year ago [29] - The company expects to achieve a 25% market share in the future, indicating significant growth potential [29] Company Strategy and Development Direction - The company aims to be the largest provider of aftermarket engine power for the commercial aviation industry, focusing on the 737 NG and A320 engines [1][2] - The strategy includes vertical integration by owning maintenance facilities and managing the entire asset class, which differentiates it from traditional lessors and MROs [3][4] - Future partnerships and investments are planned annually, with a focus on maintaining good returns from the first partnership before proceeding to the next [12] Management's Comments on Operating Environment and Future Outlook - Management believes that the current aircraft market is tight, but they are confident in achieving return hurdles through efficient maintenance and inventory management [13][16] - The company sees a long-term demand for midlife aircraft, as airlines are extending the operational life of their fleets due to economic reasons [49][52] Other Important Information - The company has made strategic acquisitions, including Pacific Aerodynamic, to enhance its repair capabilities and reduce costs [35][36] - Management emphasizes the importance of solving customer problems, such as avoiding lengthy shop visits, which has led to positive customer reception and repeat business [40][42] Q&A Session Summary Question: How is the company achieving return hurdles in a tight aircraft market? - The company is achieving return hurdles primarily through efficient maintenance and inventory management, which allows for cost savings and quicker turnaround times [13][16] Question: What are the production goals and market share aspirations? - The company aims to produce 750 modules this year and grow to 1,000 modules by 2026, with a target of achieving a 25% market share in the future [27][29] Question: What is the company's capital allocation strategy? - The company plans to prioritize growth initiatives, including piece part repair and maintenance capacity investments, and may consider stock buybacks towards the end of the fourth quarter [70][71]

Financial Data and Key Metrics Changes - The company is on track to produce approximately $750 million in free cash flow for the year [66] - The company aims to achieve a strong BB rating from credit agencies, with a debt to total EBITDA ratio under three times [66] Business Line Data and Key Metrics Changes - The company has closed or is under letter of intent for 145 aircraft in its new leasing partnership, ahead of its target of 250 aircraft [8][9] - The goal for 2026 is to produce around 1,000 modules, representing a 33% growth in production [24] Market Data and Key Metrics Changes - The addressable market spend on V2500s and CFM56 engines is approximately $22 billion annually, with the company currently holding about 9% market share, up from 5% a year ago [26] - The company expects to achieve a market share of 25% or higher in the future [26] Company Strategy and Development Direction - The company aims to be the largest provider of aftermarket engine power for the commercial aviation industry, focusing on the 737 NG and A320 engines [1][2] - The strategy includes vertical integration by owning and maintaining engines, which differentiates it from traditional lessors and MROs [3][4] - Future growth initiatives include piece part repair and maintenance capacity investments, as well as potential acquisitions [67] Management's Comments on Operating Environment and Future Outlook - Management believes that the current aircraft market is tight, but they are confident in achieving return hurdles through efficient maintenance and inventory management [13][14] - The company sees significant opportunities in the market due to the aging fleet and the need for cost-effective maintenance solutions [48][50] Other Important Information - The company has made strategic acquisitions, including Pacific Aerodynamic, to enhance its repair capabilities and reduce costs [32][36] - The company is exploring the possibility of expanding its facilities geographically, particularly in Southeast Asia or the Middle East [28] Q&A Session Summary Question: How will the company achieve return hurdles in a tight aircraft market? - Management indicated that efficient maintenance and inventory management are key to achieving return hurdles, as they can provide immediate engine solutions to customers [13][14] Question: What are the production goals and market share aspirations? - The company aims to produce 750 modules this year and grow to 1,000 modules by 2026, targeting a market share of 25% [24][26] Question: What is the company's capital allocation strategy? - The company plans to prioritize growth initiatives, potential stock buybacks, and maintaining a strong credit rating [66][67]