The story
The company was founded in May 1989 by Air China as a 60/40 joint venture with minority partner Lufthansa under a joint venture agreement set to last for 15 years. Each side made contributions to the joint venture with Air China providing 3,750 employees, the workflow of Air China maintenance, spare stocks, and a sprawling maintenance complex at Beijing Capital International Airport while Lufthansa provided an initial capital infusion of $37.6 million and technical and management support. The company was officially registered on 1 August 1989.
In the first few years, the company made major upgrades in facilities and training. An apprentice training program was started in 1990 to train Chinese aircraft, engine, and avionics technicians. The first class of 48 students graduated in 1992. A new $65.6 million hangar was built in 1996 with enough space to fit four Boeing 747 wingtip to wingtip, allowing Ameco to perform heavy maintenance. In 2008, another new hangar was built to meet the maintenance demand of Airbus A380.
From Wikipedia’s article on Aircraft Maintenance and Engineering Corporation, shared under CC BY-SA 4.0.3
