Dacheng has represented Xi’an Aircraft Industrial (Group) Corporation, which signed a package of transactional documents with Pratt and Whitney Canada (P&WC) on the purchase of engines from P&WC for its independently developed Xi’an Model Ark 700 (MA700).
MA700, a commission from Aviation Industry Corporation of China (AVIC), is a new-generation turboprop regional airliner. AVIC aims to break into the world’s high-end aircraft market, strengthen and expand market share and establish itself as a leading manufacturer of turboprop regional airliners.
Xi’an Aircraft, an affiliate of AVIC, is a large- to medium-sized military and civil aircraft developer and manufacturer. AVIC is a state-sponsored SOE under the direct administration of SASAC.
A Dacheng team was retained by Xi’an Aircraft to assist in negotiations regarding the engine purchase. The team was led by Beijing-based senior partners Wang Jie and Tuo Wei and included partner Liu Qian, associate Wang Tong, paralegal Zhao Xiaochen, legal assistant Mi Yuan, Xi’an-based associates Zhao Wenbin, Liu Xiaoyan, Liu Suxia, Wen Junping and paralegal Wang Yaqiong.
The team worked closely with the Xi’an Aircraft project team in 10-month negotiations with two suppliers before the aircraft developer struck a deal with P&WC.