Hong Kong Business News

Elior Group SA today announced its intention to strengthen its presence in Hong Kong, after it signed a memorandum of understanding (MoU) with the city’s Airport Authority on February 19.

Witnessed by Financial Secretary Paul Chan, the MoU was signed by the authority’s Acting Chief Executive Officer Vivian Cheung and Elior Group SA Chairman and CEO Daniel Derichebourg.

Mr Chan mentioned in the 2025-26 Budget last month that under the co-ordination of InvestHK the authority had signed an MoU with a leading overseas professional aeronautic services company to explore the possibility of providing services such as aircraft dismantling, parts recycling and related training in Hong Kong, thereby establishing Hong Kong as Asia’s first aircraft parts processing and trading centre.

The company, Elior Group SA, is based in France, and is part of Derichebourg SA.

Secretary for Commerce & Economic Development Algernon Yau highlighted that under the “one country, two systems” arrangement, Hong Kong boasts a high degree of internationalisation, a favourable business environment, a strategic location, a robust legal framework, and a low tax regime. He added that the city has always been a prime location for foreign investment and international conglomerates.

Mr Yau said Hong Kong will continue to play its unique role of connecting the Mainland and the world, thereby attracting more companies from around the world to set up in the city.

Secretary for Transport & Logistics Mable Chan said she was pleased that Elior Group SA and the authority are exploring the possibility of introducing aircraft parts handling and trading services in Hong Kong, as this will enrich the city’s standing as an international aviation hub and support aviation development in China and the wider Asian region.