General Aviation Opportunity Unlimited Next Gold Industry
From November 22 to December 1, the two-week EU-China Civil Aviation Cooperation Project (EUCCAP) "General Aviation Industry Management Seminar" officially kicked off.
At this meeting, a number of Shandong aviation industry sources stated that through this event, China and the EU will further strengthen cooperation in the field of general aviation, and many international issues related to the vigorous development of general aviation in the 12th Five-Year Plan of the People's Republic of China It will be finalized at this meeting.
“Shandong has taken the lead in the development of the general aviation industry in the country. The diamond series produced by Shandong Binao Aircraft Manufacturing Co., Ltd. is the only aircraft manufacturer in China’s general aviation manufacturing industry that has won EASA certification.†Each year, it will attract tens of thousands of aerospace enthusiasts across the country.†Xueqiang, general manager of the Flying International Flying Club, told the Economic Herald reporter.
Private capital favors business jets. After months of preparation, 7 crew members on the Gulf-stream took off from Savannah, USA, flying to Seattle first, then to Anchorage, and then to Khabarovsk. After flying to Tianjin, China, it finally arrived at its destination in Yantai, Shandong. It took nearly 17 hours to count.†Chao Chao, Marketing and Service Manager of Nanshan Business Jet Co., Ltd., introduced the reporter’s introduction of the US$450 million U.S. Gulfstream 450 business jet. Return to the country.
The most expensive business jet in the province, purchased by Nanshan Business Jet Co., the first private business jet company in Shandong, is currently parked at Yantai International Airport.
According to Yuchao introduction, the introduction of the Gulfstream 450 luxury business jet is only the first step for Nanshan Business Jet to enter the business jet.
According to data from the Civil Aviation Administration of China, there are currently less than 100 business jets in mainland China, most of which are concentrated in Jiangsu, Zhejiang, and Guangdong.
“Three or five years ago there was almost no private aircraft market in Shandong, but in the next 10 years, Shandong will become a major province for business jets after Jiangsu, Zhejiang and Guangdong.†Yu Chao said, “Another brand new Gulfstream will be released in March next year. The 450 will also join the Nanshan fleet. In October, the more luxurious Gulfstream 550 will join in. In December, the top business jet BBJ will be introduced. If you add Air China Trustee Challenger 605 and Global Express XRS aircraft, Nanshan will have domestic ownership. The youngest and most luxurious business jet fleet."
From a long-term perspective, the prospects of this market are certainly quite good. However, the business jet market still has "near-worry". Zou Jianjun, an associate professor at the Civil Aviation Management Institute of China’s Civil Aviation Administration, said: “There is a lot of private capital that is optimistic about the general aviation industry, but it will take time to resolve issues such as tight airspace and complex approvals.â€
Building an FBO is the hard truth “FBO is an English abbreviated term for FixedOperator (fixed base operator), similar to the concept of a 4S shop in the automobile. Most foreign FBOs are located at airports and provide fuel and maintenance for civil aircraft such as business jets and private jets. We will plan to deploy 10 or more FBOs nationwide starting next year, said Li Long, head of the sales department of Shandong Binao Aircraft Manufacturing Co., Ltd., to the reporter.
It is understood that on the 25th, Shanghai Hawker Pacific Business Aviation Ground Service Co., Ltd. obtained the first independent third-party business jet maintenance license issued by the Civil Aviation East China Regional Administration, marking the first "business jet 4S" in mainland China. Shop, that is, the real FBO was born in Shanghai.
Si Xueqiang told the reporter that there is currently no FBO in Shandong. Although many airports can provide services similar to FBOs, if they are private jets or business jets, they are faced with high-end business people. The FBO's reception capacity and facilities must have international standards.
Ge Xuejin, deputy chairman and secretary general of the Shandong Aviation Industry Association, said that as of last year, there were nearly 4,000 FBOs in the United States with 670,000 flying personnel. Most of them learn to fly on general aviation aircraft, and a considerable number of them own their own aircraft. Serving such a large fleet and such a group of flight personnel naturally forms a very small industry. The development of FBO has become the cornerstone of the industry chain. In China, FBO is the bottleneck restricting the development of general aviation.
"China's business jets and private jets are now mostly handed over to aircraft manufacturers or qualified intermediary companies and airport custody, so the establishment of FBO seems to be a bit embarrassing." Zou Jianjun said.
The next gold industry “At present, the DA40 has signed 147 sales contracts, all of which are scheduled for the following year. In addition to domestic general aviation units such as Xinjiang Tianxiang, Great Northern Wilderness, Erdos, etc., we also exported 26 aircraft to Austria. Aircraft manufacturing is technology. At the highest level, we are at the forefront of this industry, Li Long told reporters.
"The general aviation industry is intensive in technology, has a long industrial chain, and has a large cluster-driven capacity. Its investment-pulling effect is six times higher than that of the automobile industry and ten times higher than real estate. Therefore, this should be the next most promising "blue chip stocks industry." Gao Ke told the newspaper reporter that consulting manager of Shandong Keqilu Shi Investment Consulting Co., Ltd. said.
At this meeting, a number of Shandong aviation industry sources stated that through this event, China and the EU will further strengthen cooperation in the field of general aviation, and many international issues related to the vigorous development of general aviation in the 12th Five-Year Plan of the People's Republic of China It will be finalized at this meeting.
“Shandong has taken the lead in the development of the general aviation industry in the country. The diamond series produced by Shandong Binao Aircraft Manufacturing Co., Ltd. is the only aircraft manufacturer in China’s general aviation manufacturing industry that has won EASA certification.†Each year, it will attract tens of thousands of aerospace enthusiasts across the country.†Xueqiang, general manager of the Flying International Flying Club, told the Economic Herald reporter.
Private capital favors business jets. After months of preparation, 7 crew members on the Gulf-stream took off from Savannah, USA, flying to Seattle first, then to Anchorage, and then to Khabarovsk. After flying to Tianjin, China, it finally arrived at its destination in Yantai, Shandong. It took nearly 17 hours to count.†Chao Chao, Marketing and Service Manager of Nanshan Business Jet Co., Ltd., introduced the reporter’s introduction of the US$450 million U.S. Gulfstream 450 business jet. Return to the country.
The most expensive business jet in the province, purchased by Nanshan Business Jet Co., the first private business jet company in Shandong, is currently parked at Yantai International Airport.
According to Yuchao introduction, the introduction of the Gulfstream 450 luxury business jet is only the first step for Nanshan Business Jet to enter the business jet.
According to data from the Civil Aviation Administration of China, there are currently less than 100 business jets in mainland China, most of which are concentrated in Jiangsu, Zhejiang, and Guangdong.
“Three or five years ago there was almost no private aircraft market in Shandong, but in the next 10 years, Shandong will become a major province for business jets after Jiangsu, Zhejiang and Guangdong.†Yu Chao said, “Another brand new Gulfstream will be released in March next year. The 450 will also join the Nanshan fleet. In October, the more luxurious Gulfstream 550 will join in. In December, the top business jet BBJ will be introduced. If you add Air China Trustee Challenger 605 and Global Express XRS aircraft, Nanshan will have domestic ownership. The youngest and most luxurious business jet fleet."
From a long-term perspective, the prospects of this market are certainly quite good. However, the business jet market still has "near-worry". Zou Jianjun, an associate professor at the Civil Aviation Management Institute of China’s Civil Aviation Administration, said: “There is a lot of private capital that is optimistic about the general aviation industry, but it will take time to resolve issues such as tight airspace and complex approvals.â€
Building an FBO is the hard truth “FBO is an English abbreviated term for FixedOperator (fixed base operator), similar to the concept of a 4S shop in the automobile. Most foreign FBOs are located at airports and provide fuel and maintenance for civil aircraft such as business jets and private jets. We will plan to deploy 10 or more FBOs nationwide starting next year, said Li Long, head of the sales department of Shandong Binao Aircraft Manufacturing Co., Ltd., to the reporter.
It is understood that on the 25th, Shanghai Hawker Pacific Business Aviation Ground Service Co., Ltd. obtained the first independent third-party business jet maintenance license issued by the Civil Aviation East China Regional Administration, marking the first "business jet 4S" in mainland China. Shop, that is, the real FBO was born in Shanghai.
Si Xueqiang told the reporter that there is currently no FBO in Shandong. Although many airports can provide services similar to FBOs, if they are private jets or business jets, they are faced with high-end business people. The FBO's reception capacity and facilities must have international standards.
Ge Xuejin, deputy chairman and secretary general of the Shandong Aviation Industry Association, said that as of last year, there were nearly 4,000 FBOs in the United States with 670,000 flying personnel. Most of them learn to fly on general aviation aircraft, and a considerable number of them own their own aircraft. Serving such a large fleet and such a group of flight personnel naturally forms a very small industry. The development of FBO has become the cornerstone of the industry chain. In China, FBO is the bottleneck restricting the development of general aviation.
"China's business jets and private jets are now mostly handed over to aircraft manufacturers or qualified intermediary companies and airport custody, so the establishment of FBO seems to be a bit embarrassing." Zou Jianjun said.
The next gold industry “At present, the DA40 has signed 147 sales contracts, all of which are scheduled for the following year. In addition to domestic general aviation units such as Xinjiang Tianxiang, Great Northern Wilderness, Erdos, etc., we also exported 26 aircraft to Austria. Aircraft manufacturing is technology. At the highest level, we are at the forefront of this industry, Li Long told reporters.
"The general aviation industry is intensive in technology, has a long industrial chain, and has a large cluster-driven capacity. Its investment-pulling effect is six times higher than that of the automobile industry and ten times higher than real estate. Therefore, this should be the next most promising "blue chip stocks industry." Gao Ke told the newspaper reporter that consulting manager of Shandong Keqilu Shi Investment Consulting Co., Ltd. said.
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