Opening Remarks by Ambassador Li Chao at the Ceremony of Guangzhou Hangxin Aviation Technology's Acquisition of Magnetic MRO

议会爱中友好小组成员，

爱沙尼亚经济部、外交部、企业局的朋友们，

卜范胜董事长、克里斯蒂安·卡尔达先生，

各位朋友，

　　早上好！今天，我很高兴与各位来宾一起，出席广州航新航空科技股份有限公司成功收购爱沙尼亚Magnetic飞机维修公司（Magnetic MRO）的交割庆祝仪式。

　　首先，我代表中国驻爱沙尼亚大使馆对该项交易的顺利进行表示热烈祝贺！对爱沙尼亚投资局帮助两家公司牵线搭桥、最终促成本次合作表示高度的赞赏！

Members of Estonia-China Parliamentary Group, 

Friends of Ministry of Economic Affairs, Ministry of Foreign Affairs, and Enterprise Estonia, 

Chairman Bu Fansheng, and Mr. Kristjan Kalda from Baltcap,

Dear Friends, 

Good morning! Today, it gives me great pleasure to join you at the Ceremony of Guangzhou Hangxin Aviation Technology's Acquisition of Magnetic MRO. 

May I first of all extend, on behalf of Chinese Embassy to Estonia, my warmest congratulations to the success of this acquisition! I also would like to express my deep appreciation to Estonian Investment Agency for their efforts to help connect the two companies and finally facilitate their cooperation. 

　　今天的活动有着特殊意义，也创下了一些新的记录。这是中爱两国首次在航空工业领域的合作，也是中国企业迄今为止在爱沙尼亚金额最大的一笔投资，更将是两国企业融合文化、肩并肩开拓全球市场的新的标杆。中国航空工业虽起步晚，但发展迅速，航空市场规模不断扩大，飞机维修需求不断扩大。2017年，中国航空维修市场总量超过7亿欧元。中爱双方在航空工业领域的合作具有巨大潜力和广阔前景。航新科技是中国最大的从事航空部附件维修企业之一，在东南亚、中东、欧洲等地都有业务。Magnetic公司也是爱沙尼亚的明星企业，在欧洲有着很高的知名度。他们的合并是真正的强强联合，不仅将进一步提升航新科技的竞争力，也将进一步发展Magnetic公司的全球业务，实现互利共赢，实现“1+1大于2”的经济效益。除此之外，我认为这件喜事还体现以下三点意义：

Today's event is of especial significance because it sets a string of new records. It is the first aviation industry cooperation project between our two countries, as well as the biggest investment made by Chinese companies in Estonia so far. This cooperation will also serve as a new benchmark for companies from our two countries to integrate their culture and explore global market shoulder by shoulder. 

China's aviation industry, although a late starter, is developing fast as China's aviation market and aircraft maintenance market keep expanding. In 2017, China's aviation maintenance market achieved more than 700 million euros. China-Estonia cooperation in the aviation industry enjoys great potential and broad prospects. Hangxin Aviation Technology is one of China's largest aviation accessory maintenance companies, with its business spreading across southeast Asia, the Middle East and Europe etc.. Magnetic MRO is also a star enterprise in Estonia and has a high reputation in Europe. Their merger is a real combination, which will not only further enhance the competitiveness of Hangxin Aviation Technology, but also enable Magnetic MRO to expand its global business, leading to mutual benefit and win-win outcomes and realizing the economic benefits of "1 + 1 greater than 2". In addition, I think the significance of this deal is three-fold.