Chapter 432 Cangqing Commercial Engine/Aircraft Co., Ltd.!
Xu Cang asked Qin Xin what had happened, but Qin Xin said nothing. She just covered her face and cried, very sad.
Seeing Qin Xin's appearance, Xu Cang was also very troubled. However, judging from the situation, it was highly likely that her life was not in danger. She must have suffered a lot, otherwise Qin Xin would not have stayed in Erhai Lake.
Qin Xin didn't want to say, and Xu Cang didn't dare to ask, so he could only say a few words of comfort and sigh inwardly that there is really nothing perfect in this world.
In the following days, Qin Xin was not in a good mood, but she looked normal, which made Xu Cang feel relieved.
Not long after, Yi Feng represented the company and negotiated the acquisition of Phoenix Aviation School, and eventually completed the acquisition of Phoenix Aviation School at a price of 100 million.
As soon as Phoenix Aviation School was acquired, Xu Cang signed a purchase order for a batch of training aircraft with AVIC. AVIC's commercial large aircraft was a bit difficult, but it could still get the small aircraft of its peers, which were not very technically demanding.
One of the major problems of Phoenix Aviation School is that the training equipment is old and the trainees often have to wait for the aircraft to be repaired, which is extremely time-consuming. After replacing a batch of new training aircraft, the training progress has been greatly accelerated.
In addition, in view of the recent shortage of student orders, Xu Cang adopted a retention system, that is, to select outstanding students from a group of flight students and sign a contract with them to stay in school to teach on a voluntary basis. It is very common for outstanding students to stay in school to teach abroad, and Xu Cang just introduced it to China.
There are not many orders for students now, so we have enough capacity to train future aviation school instructors. Otherwise, when the civil aviation industry prospers again, aviation school instructors will be scarce and even harder to get than students. We need to prepare in advance.
After Phoenix Aviation School joins, it will be combined with Xu Cang's newly established simulator training center and cabin crew training base to form Cangqing Flight Training. At the same time, Xu Cang has slightly stopped his investment.
Now is the last period of financial difficulties for Xu Cang. Xu Cang has set up many stalls and has a lot of loan pressure. Although there is a lot of income, most of it is in the development stage and the profitability has not been released. The biggest income now is the money that has been continuously remitted from the large number of wealthy people he saved in Europe.
However, as long as we wait another half a year or so, mainly when the assets acquired in the United States begin to operate normally, the financial situation will be much better.
For example, the acquisition of Bombardier's business itself did not cost much, and the main thing was to assume its debt. However, debt is negotiable, and for Xu Cang, who has excellent future profitability, the pressure is not too great.
In addition, transferring part of the 777 orders can also generate a lot of funds.
In a word, I don't plan to expand my business territory in the next six months. I will keep my focus, and after six months, when I have sufficient funds, it will be time to go for Munich Reinsurance Company of Germany.
In the spring of the following year, Shanghai Xinmu Fruit Industry completed the installation of the fruit drying production line, and the original company employees re-entered the company, which settled the issue of the villagers' work. From then on, Xu Cang's supply of fresh fruit was no longer hindered.
Soon after, Xu Cang's fresh fruit transportation was handed over to the newly established Northwest Airlines, and it was rumored that Northwest Airlines was already planning a cargo fleet consisting of seven 737-300 aircraft.
After resolving issues in Shanghai, Cangqing Group was registered in Chengdu, with Cangqing Airlines, Cangqing Logistics, Cangqing Technology, Cangqing Industry, Cangqing Investment, Cangqing Flight Training and Cangqing General.
Among them, all the airlines controlled by Cangqing Aviation Management Group, including Spring Airlines, Northwest Airlines, Kingfisher Airlines, Asiana Airlines, and Japan Domestic Airlines (Jiasu Airlines), are under the charge of Yi Feng.
Cangqing Logistics is the smallest for the time being, and is mainly composed of a cargo fleet separated from Northwest Airlines. However, the size of this fleet will definitely increase significantly in the future. Of course, since the scale of this sector is too small now, its person in charge is temporarily held by Gong Yue of Northwest Airlines. Later, when the business scale of Cangqing Logistics increases, there will be other appointments.
Cangqing Technology includes Liu Jinxin's pharmaceutical company, the Cangqing-Rolls-Royce engine maintenance factory to be established, Cangqing Commercial Engine Co., Ltd., Cangqing Commercial Aircraft Co., Ltd., as well as aviation materials business, and some technology-related companies acquired by Xu Cang, such as Apple and Google. In addition, the Bombardier aircraft business that will be incorporated in the near future will also be temporarily incorporated into Cangqing Technology.
Cangqing Technology is the core unit of Cangqing Group and will be directly led by Xu Cang.
Cangqing Industry includes all the real estate under Xu Cang's name, including Jeju Island, Obilo Manor which will be incorporated in the future, the hotel airport in Jinghong, the second airport in Jianchuan City, Dianyun, and finally the industry in Seoul Banqiao New City which has already begun to be laid out.
Li Rongcheng is in charge of this section temporarily. However, Li Rongcheng himself is not good at this kind of business, but he can't find anyone to take over for the time being.
Cangqing Investment is the investment part of the group. It controls the most powerful cash flow, which is used to acquire various assets around the world and conduct financial operations. The person in charge is naturally Xiao Lingyun.
Cangqing Flight Training is composed of Phoenix Aviation School, simulator center and cabin crew training base, and is headed by Lu Jinghua.
The final Cangqing General is actually just one part, which is Chen Huaxin’s helicopter company.
Compared with other sectors, this sector is very small and was not originally planned to be established, but Xu Cang insisted on assigning it to him because he thought Chen Huaxin would not like being controlled by others. According to the plan, Huaxin Helicopter Company should be incorporated into the aviation sector, but in view of the exaggerated size of Huaxin Sea Helicopter in the future, Xu Cang felt that it would only take time for Chen Huaxin to support a sector by himself.
Cangqing Group has already reserved space for businesses that may be incorporated in the future, and all that’s left is to wait quietly.
…
The beginning of spring in 2002 was much colder than in previous years. However, compared to the biting cold outside, the atmosphere in Xu Cang's office was extremely warm. The source of the warmness was Xiao Lingyun, who had just returned from the United States.
"Xu Cang, can you imagine that? In more than three months, Apple's stock price has tripled, and it is still rising." Xiao Lingyun excitedly recounted: "It is a foregone conclusion that the iPod will end the era of Sony's Walkman. The US economy is still sluggish, but Apple is bucking the trend and is too dazzling. A lot of capital is extremely optimistic about Apple. In addition, according to current news from all sides, the third round of interest rate cuts will start soon. I will apply for a loan from the bank based on the situation."
Xu Cang smiled and said, "Just watch it, I won't worry about it. There is still some pressure to repay the loan in Europe. If possible, you can go to Europe and see if you can change the repayment plan, extend the repayment period, and appropriately increase the interest rate."
Xiao Lingyun was in a good mood at this time: "Okay, no trouble."
"In addition to Apple, Google has also recovered, and several other companies are developing very well. Xu Cang, your vision is still as good as ever. These companies can bring us a huge amount of funds in the future." Xiao Lingyun smiled and said, "European banks should agree when they see our situation. After all, steady wins the race."
"The most obvious thing now is that Apple's stock price has risen too fast. As long as the repayment pressure in Europe is resolved, there will be no major funding shortage in the future."
In fact, Xiao Lingyun's imagination is too narrow. In the future, Apple will not only solve the Cangqing Group's funding shortage, but will also become a world-leading high-tech company.
Xiao Lingyun was right, the funding shortage would only last about half a year.
"By the way, Bombardier has already completed everything. However, because the group has been established, some of the agreements will have to be transferred from Spring Airlines to Cangqing Group, so the agreements need to be modified. It's a small problem and can be done within a week."
Xu Cang nodded and said, "It's time to wrap up the Bombardier issue. We've also reached an agreement on the introduction of the 757 production line at Boeing. You and Li Rongcheng should go there together to finalize the matter."
"Li Rongcheng?" Xiao Lingyun said with a smile, "Won't it be annoying if he went to Boeing?"
"It's been so long, why are you still upset?"
"Okay!" Xiao Lingyun was very proud: "I will have to stay in the United States for a while to raise funds . I will handle the issues with Bombardier and Boeing."
"Well, thank you for your hard work." Xu Cang paused and said, "Bombardier's aircraft business and those American companies are all in North America. Now there is only one office there, and I am afraid it cannot handle it. Later, when the group stabilizes, I will set up the Americas headquarters, and part of the investment sector will follow. After all, it is more convenient to invest there. At that time, you can stay there for a long time."
Xiao Lingyun had no doubts about where to work and agreed readily.
Just then, there was a knock on the door, and then a woman's voice floated in from outside the door: "Mr. Xu, the president of Asiana Airlines wants to see you."
Xu Cang raised his eyebrows: "Let him in."
Soon, Lee Mingji, the chairman of Asiana Airlines, pushed open the door and walked in. After entering, he shouted respectfully, "Chairman!"
President is a title in Korea, which is somewhat similar to the chairman in China.
Xu Cang didn't care much about this kind of thing, and pointed to a seat: "Sit down."
Li Mingji first glanced at Xiao Lingyun, and then found a seat and sat down.
"President, I have obtained the exclusive sponsorship of the South Korean national team as you wish, and have developed a series of publicity plans during the World Cup based on your opinions. Please take a look." As he said this, Li Mingji, who had just sat down, presented a publicity draft to Xu Cang.
Xu Cang flipped through it casually and didn't read it again. As long as the South Korean team was assumed to achieve a historic breakthrough in the World Cup, this kind of publicity case would be very easy to make.
Nationalism is very prevalent in South Korea. If the South Korean team can make it to the semi-finals in the World Cup, it will basically be an event for the whole country to celebrate. Any propaganda worker with a normal mind knows what to do.
But the question is whether the South Korean team can achieve a historic breakthrough!
Xu Cang hummed: "Not bad, OK! Let's do it this way."
Li Mingji was a little reserved. "President, we have spent a lot of money to get the exclusive sponsorship of the Korean team. In addition, the subsequent publicity funds... As you know, our financial situation at Asiana has not been very good."
"That's OK. I will provide the funding." Xu Cang said with a smile, "However, in addition to the World Cup sponsorship, there is another matter that needs your special attention. What about the development rights of the Banqiao New Town developed by the New Seoul that I told you about before? Have you obtained it?"
Li Mingji's forehead was covered with sweat. "The Banqiao New Town project is far inferior to the New Five Towns project, but there are still some competitors."
"Then use money to pave the way. I will inform the group's finance department." Xu Cang suddenly said coldly: "I will not give you less money, but if you extend a hand that you shouldn't extend, don't blame me for being rude."
Li Mingji nodded quickly: "I know, I know. I will order Asiana Construction to strive for the development rights of Banqiao New City with all its strength."
"Yes." Xu Cang nodded: "Also, ask your marketing department to send a specialist over here. In the future, the ticket settlement for the China-South Korea route within the group will not be handled by our company, but by the group itself."
In fact, Xu Cang had already revealed this matter to Li Mingji before, but asking Asiana Airlines to send a specialist over meant that it had reached the real planning stage and was no longer just an idea.
Li Mingji opened his mouth, but in the end he didn't raise any objections: "I understand."
Xu Cang leaned back and said, "Don't worry, in the future, in addition to you, domestic logistics companies in Japan will also join. It's not just targeting Asiana."
Li Mingji sighed softly and said nothing more.
Xu Cang's situation was already set, and there was no point in him opposing it.
…
In April, the Cangqing-Rolls-Royce engine maintenance factory settled in the suburbs of Chengdu. At the same time, the Cangqing Group announced that the Cangqing-Rolls-Royce engine maintenance would be incorporated into the Cangqing Technology sector.
In May, the United States launched the third round of interest rate cuts. In view of Apple's strong performance in the past six months, banks have been very generous in lending, and the capital market has begun to favor Apple again. In addition, the other five companies have shown a clear recovery momentum. In May, Cangqing Group's North American headquarters raised a total of more than US$2 billion in funds.
In Europe, after negotiations, the repayment dates of previous bank loans were extended by appropriately raising interest rates.
With the saved funds, Cangqing Group began to inject capital into the already weakened German Munich Reinsurance Company. At the same time, Europe's top manor Obiro was announced to become an asset of Cangqing Group and was transferred to Cangqing Industry.
At the end of May of the same year, the Korea-Japan World Cup opened, and the Korean team made it to the semi-finals, shocking the country. As the exclusive sponsor of the Korean team, Asiana Airlines benefited greatly and reversed its decline. In August of the same year, a subsidiary of Asiana Group announced that it would become one of the main developers of the Seoul Pangyo New Town.
At the end of 2002, the A350 project, which had previously been called a "collection of garbage", was officially announced and unexpectedly attracted the favor of a large number of airlines.
On December 31, Cangqing Commercial Engine Co., Ltd. was established and released a brief introduction to its first self-developed engine, the "Origin" series.
On January 1, 2003, Cangqing Commercial Aircraft Co., Ltd. was established and planned to launch the C100 series aircraft with 150 to 180 seats.
