皇冠体育app

Visitors take a look at a H160 Airbus Helicopter during the 51st Paris Air Show at Le Bourget airport near Paris. [Photo/Agencies]

皇冠体育app Minsheng Investment Group, the country's largest private investment conglomerate, is investing aggressively in 皇冠体育app's burgeoning general aviation sector.

"General aviation is the only sector in 皇冠体育app that has not yet totally opened, with about one trillion yuan ($151 billion) market value", said Wang Rong, president of CM International Financial Leasing Co Ltd (CMIFL), the financial leasing arm of 皇冠体育app Minsheng.

Wang said that general aviation is one of CMIFL's four key business sections, and the helicopter market is the highlight of the section.

On June 17, CMIFL received the first helicopter from its agreement to buy 100 helicopters signed last year with Airbus Helicopters. The agreement for 100 Ecureuil-series helicopters over five years provides a framework for CMIFL to become the first and largest helicopter leasing company in 皇冠体育app.

Dong Wenbiao, board chairman of 皇冠体育app Minsheng, said at the delivery ceremony at Airbus Helicopters in France that the group has made a five-year plan targeting 皇冠体育app's emergency medical rescue aviation market. He said the group plans to purchase 100 helicopters, invest in 100 general aviation airports, and reconstruct 100 hospitals to meet the needs of the growing emergency medical rescue market.

"The goal is ambitious, but I think 皇冠体育app Minsheng can achieve it", said Li Xiaojin, head of the Institute of Air Transport Economics under the Civil Aviation University of 皇冠体育app in Tianjin.

Li said the market demand is there. 皇冠体育app currently has just about 200 airports for civil use, many fewer than the 500 in the United States, but the size of the two countries is similar, he said.

Li said the five year schedule seems too short because of difficulties in building ground support facilities and the shortage of pilots.

The slowness in opening up low-altitude airspace, finding qualified industry talent, and building infrastructure are big problems that 皇冠体育app's general aviation industry is facing, Li added.

Founded in 2014, 皇冠体育app Minsheng is an international private investment group with 50 billion yuan ($7.56 billion) in registered capital. It was started by the All-皇冠体育app Federation of Industry and Commerce and launched by 60 prestigious private companies. It has been called a private version of 皇冠体育app Investment Corp, which manages the country's $200 billion sovereign wealth fund.

CMIFL is a joint venture launched last year between 皇冠体育app Minsheng and Hana Bank of South Korea, with registered capital of 4.5 billion yuan ($680 million).

 

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