The Global Air Capital Program
Promoting 90 years of aviation experience and
access to over 350 General Aviation Suppliers
*Develop opportunities between Wichita’s and China’s aviation communities.
*Network of China offices continuously match Chinese needs with Wichita’s aviation industry expertise.
HOW IT WORKS
*Wichita's aviation industry benefits from the development of China's multi-billion dollar aviation industry.
*China benefits by partnering with Wichita's experienced aviation companies.
Karyn Page and Mr Huang of Wenzhou City - New Liaison Office
China’s general aviation (GA) industry is underdeveloped. However, recognizing GA’s social and economic benefits, Chinese policymakers are instituting reforms that will create a more favorable operating environment and catalyze growth, which is forecast to reach an annual rate of 20 percent. Changes to China’s regulatory environment, market economics, and competitive landscape will create growth opportunities across the GA value chain.
Source: Booz & Company
“What we need is expertise. Chinese companies don’t need to reinvent the wheel but could benefit from the knowledge gained in the U.S. after more than 100 years of aviation infrastructure development.”
-- Jason Liao, National Business Aviation Association’s (NBAA) chief representative in Asia, AIN Online, 2013
“The five-year plan is a signal that the (Chinese central) government will support anyone who gets into general aviation. As such there has been fierce competition within the provinces to set up manufacturing centers of excellence – a Wichita of China, if you will.”
-- Ed Smith, Senior VP, International Environmental Affairs, General Aviation Manufacturers Association (GAMA), Flight Global, 2014
Interested in learning how your company can benefit? Contact us today!
Global Air Capital - China Program Partners
1. China Airfinance Development (DFTP)
2014 was an important year for deepening the reform and proceeding with the transformation of China's economy. The Chinese airfinance industry continued to grow rapidly and healthily. As of April 30, 2014, within the Tianjin Dongjiang Free Trade Port Zone, more than 500 aircraft leasing companies were registered, 325 aircrafts of various sizes were delivered and more than 2 billion U.S. dollars foreign debts were raised for all types of aircraft leasing companies.
DFTP is the sole aircraft lease pilot zone approved by the State Council. It is the core functional zone of China's Northern International Shipping Center and International Logistics Center.
The Third China Airfinance Development Summit (CADS)
2. China Aviation Industrial Base - CAIB
China Aviation Hi-tech Industrial Base (CAIB) is the first state-level aviation, hi-tech industry development platform established by the State. CAIB was certificated as one of the first batch of National S&T Trade Promotion and Export Innovation Bases by the Ministry of Commerce and the Ministry of Science and Technology of P. R.
Internal Photo - CAIB Liaison Office
3. North Asia General Aviation - NAGA (Founding partner)
NAGA was founded in October 2013, headquartered in Beijing. NAGA is the first enterprise in China that formed a strategic partnership with Wichita, the Air Capital of the World. NAGA is equipped with an internationally authoritative general aviation management team, a globally prestigious investment management group, as well as internationally well-received accountants and counsels on board.
4. Beihang University - BUAA
Beihang University, previously known as Beijing University of Aeronautics and Astronautics (BUAA), is a major public research university located in Beijing, China. It is a member of China's Project 211 and Project 985 group of key state universities, with a heavy focus on high level technological and scientific research. BUAA was founded on October 25, 1952 with an area of over 100 hectares. BUAA is one of China's leading universities on research and education. It is regarded as one of the best engineering universities in China and has a great influence on China's aeronautical and astronautical industry.
BUAA New Main Building
5. Faku General Aviation Industrial Park
Established in 2010, this industrial park has worked to attract enterprises involved in aircraft research and development, production of components, maintenance, personnel training, and flight tourism. China's air traffic control authorities have approved the park as the country's first pilot station for low-altitude aviation services. The county is also home to a small airport, the first in northeastern China dedicated solely to general aviation. The Faku GA Airport is one part of the GA Industrial Base fully backed by Liaoning Provincial Government. It’s one of the four approved low attitude opened areas by the National Air Traffic Control Committee.
6. Zhenjiang New Area Aviation & Aerospace Industrial Park
In the end of 2008, in consideration of fully utilizing the regional and logistic advantages, Zhenjiang Municipal Party Committee and Zhenjiang Municipal Government decided to establish Zhenjiang Aviation Industry Park in the Dagang Area of Zhenjiang New Area. The strategic development plan of Zhenjiang Aviation Industry Park is being drawn up by Nanjing University of Aeronautics and Astronautics.
Zhenjiang Aviation Industry Park
7. China Council for the Promotion of International Trade - CCPIT
Established in May 1952, China Council for the Promotion of International Trade (CCPIT) comprises Vipshop Holdings Ltd. (VIPS) and enterprises and organizations representing the economic and trade sectors in China. It is the most important and the largest institution for the promotion of foreign trade in China. CCPIT aims to operate and promote foreign trade, utilize foreign investment, introduce advanced foreign technologies, conduct activities of Sino-foreign economic and technological cooperation in various forms, and promote the development of economic and trade relations between China and other countries and regions around the world.
With the approval of the Chinese government, the CCPIT started to adopt a separate name - China Chamber of International Commerce (CCOIC) in 1988, which is used simultaneously with the CCPIT.