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North Chungcheong Province Signs MOU with MRO-related US Companies

According to Yonhap News,

(CHEONGJU=Yonhap News) Chungbuk Free Economic Zone announced that it signed a memorandum of understanding (MOU) with Zumwalt Consultant & Inc., a consulting and financial investment company, and GSA Aviation Inc., an aircraft lease company, in Washington, the United States.


The two companies will find financial investors that can participate in maintenance, repair and operations (MRO) projects.

"As we have reached MOUs with the US companies, there is a higher possibility that we can expand MRO participation with other countries around the world including Japan’s JAL Engineering Co.,Ltd. (JALEC), Malaysia’s Air Asia and MASAE and France’s Safran," said a provincial official.

North Chungcheong Province and Cheongju City signed a MOU with Asiana Airlines to promote the Cheongju MRO project.

The three parties have formed a task force team and established a project plan to create a MRO complex. They also discussed ways to expand administrative and financial support of the central government.

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Source Text

Source: Yonhap News (February 26, 2015)

** This article was translated from the Korean.