Mobile, Alabama, March 13, 2018 — Continental Motors Group Ltd. an AVIC International Holding (HK) LTD company (HKEX: 232.HK), announced today that it received three new Type Certificate Validations from the Civil Aviation Administration of China (CAAC). These type certificates authorize the use of the industry leading compression ignition engines, manufactured by Continental Motors™ at its German operation (Technify Motors GmbH), as a power plant option in China for three of the most popular airframes in general aviation:
Piper Aircraft PA28-181 Archer III
Textron Aviation Cessna 172 R & S models
As of today, these certificates allow Chinese customers to order airframes directly from the aircraft manufacturer with a Continental® CD-100 series Jet-A burning power plant or to retrofit their existing fleet with these engines. Retrofit kits are also available for customers already flying Piper PA28 and Cessna 172 aircraft equipped with Avgas engines.
“We are extremely happy to see the CAAC issue these certificates. These airframes are the most popular in the training market in China. With a compression ignition engine, using Jet-A fuel, readily available globally at lower prices than Avgas, they are even more appealing to professional users. These power plants are designed for intensive usage, while offering reduced maintenance intervals. For flights schools, this translates into more training hours flown while enjoying very significant fuel economies and reduced maintenance costs.”, said Yu Xiaodong, Executive Vice President Continental Motors Group and General Manager of Continental Motors Beijing.
Continental Motors™ is committed to delivering innovative power solutions to its customers. With over 5,250 engines delivered, most of them in the training environment, and over 5,800,000 hours in flight, its Jet-A engines are mature and have demonstrated their reliability in the field. This makes them the engine of choice for customers that need reliability, exemplary flight line availability, reduced maintenance intervals and costs.
The CD-100 family of compression ignition engines are extensively used in flight schools around the world and have been chosen by OEM’s such as Cessna Aircraft (Cessna 172 JTA Skyhawk), Diamond Aircraft (DA 40 and DA42), Glasair (Sportsman), Piper Aircraft (Archer DX), and Robin New Aircraft as their engine. Retrofit kits for many popular airframes are also available and certified in over 72 countries.
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Continental Motors Group, Ltd. of Hong Kong, China is a subsidiary of AVIC International Holding (HK) LTD, a publicly traded company on the Hong Kong stock exchange (HKEX ticker: 232. Its mission is to provide advanced gasoline and Jet-A piston engine products, spare parts, engine and aircraft services, avionics equipment and repairs for the general aviation marketplace. Continental is an international operation employing approximately 675 team members in the USA, Germany and China. More information can be found at www.continentalmotors.aero.
AVIC International Holding (HK) Limited is a Hong Kong-based investment holding company engaged in aviation, property, textile and trading businesses. The Company operates through four segments. The Aviation segment is engaged in the development, manufacturing, and support of advanced power system solutions for general aviation aircraft. The Property Development and Investment segment is engaged in the development of residential and commercial properties. The Knitting and Textile segment
is engaged in the production and distribution of knitting and textile products, knitted fabrics and clothing. The Trading segment is engaged in the trading of raw materials and auxiliary materials.
Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Continental Motors Group