newstodate.aero

Aug 15, 2022 (newstodate): China is definitely not amused by Lithuania's growing support for and cooperation with Taiwan.
   According to Reuters, China will be imposing sanctions on Lithuanian Vice Minister of Transport and Communications Agne Vaisiukeviciute and is suspending cooperation with the ministry and with Lithuania in the transport sector in general following the vice minister's visit to Taiwan earlier this month.
   And Lithuania has indeed been successful in developing business relations with China, including in the aviation business.
   One example is Lithuania's largest investor in China, AviaAM Leasing set up in August 2016.
   Riding on the back of China's Belt and Road initiative, the Lithuanian/Chinese JV has been targeting the role as one of the top players in Asian aircraft financing.  
   Also, AviaAM Financial Leasing China is a JV between AviaAM Leasing and the Henan Civil Aviation Development and Investment Company, with Tomas Sidlauskas as CEO.  
   The target of AviaAM Financial Leasing China is the narrow-body aircraft markets in China and other economies in Asia seeing double-digit air traffic growth and local carriers requiring thousands of new aircraft over the following 15-20 years.
   Also in 2018, the Lithuanian MRO provider FL Technics - a company in the Avia Solutions Group, based at Vilnius Airport - set up a new joint venture in China.  
   The JV was established between FL Technics and CALC together with its mid- to end-of-life aircraft solutions arm, Aircraft Recycling International Limited, ARI, to establish FL ARI Aircraft Maintenance & Engineering Company Co., Ltd based in Harbin, China, to provide MRO services for aircraft targeting Asia and Europe regions.  
   The Joint-Venture FL ARI has its focus on aircraft base maintenance and scheduled checks and overhaul, aircraft disassembly, engineering services, technical training and consultation. FL Technics is