21 May 2010
21 May 2010
Itochu Corporation has formed a business alliance with Composites Unlimited Inc (CUI), an aircraft cabin interior component manufacturer, in selling its products including aircraft galley equipment.
CUI is a mid-sized aircraft interior component manufacturer serving the commercial airplane market. CUI designs and manufactures aircraft interior components made of composite panels and produces galley systems, closets and class dividers for more than 50 airlines throughout the world. In particular, CUI is the manufacturer of the complete Boeing 737-700 Southwest Airlines galley system with over 350 Southwest Airlines aircraft with CUI’s galleys in service.
Under the agreement, Itochu has acquired a 19.0% share in CUI and has become the second largest shareholder of CUI.
Itochu is also the major shareholder of Jamco Corporation (headquartered in Mitaka, Tokyo), an aircraft cabin interior component manufacturer and aircraft maintenance service provider. Itochu says that it identifies the aircraft interior business as one of the key business areas and it aims to strengthen its role in the growing aircraft cabin interior market by leveraging its global network around the world.