In 1987, the Chinese government appointed Civil Aviation Administration of China (CAAC) as the management authority of the aviation industry in China. Since 1996, consumer aviation in China has been growing at a rate of 21%, while the volume of general aviation operations and services has increased throughout China each year. In 2001,China has reached a double-digit growth in aircraft numbers and in the number of GA flight hours, placing China to have the highest growth in the world in the aviation sector. By 2004, China had established a total of 1,279 civil flight routes, 1,035 of them domestic routes reaching all large and medium-sized cities, and 244 of them international, connecting China with more than 70 cities overseas.
During the past couple of years, Tianjin has achieved rapid growth in the aerospace and
aviation industry. The booming was triggered by the Airbus decision to build its first final assembly line outside Europe in Tianjin in 2006. Boeing also has a joint venture for composites in Tianjin. CAAC has been very supportive to the development of Tianjin’s aviation industry. In recent years, CAAC became one of the investors of the second runway in Tianjin Binhai International Airport, ensuring the Tianjin aviation industry has the help and resources it needs to thrive.
China Tiajin Leading Holdings Group
China Tianjin Leading Holdings Group Co., Ltd (CLHG) is an investment firm that holds investments in four industries, which are finance, aviation, metallurgy and pharmaceutical. In addition to having a strong investment presence all over China, CLHG has also expanded its investment effort globally. In the past few years, the group has established new investment pillars in Southeast Asia, Africa, Middle East, Europe, North America and South America, bringing in a great variety of investment portfolio for its customers and shareholders. CLHG’s core value is to “understand market and customer needs, address their pain points with adamant innovation and research”. With this motto, it is the group’s focus to help develop and strengthen China’s aviation industry. For many years, CLHG has provided a significant amount of fund to aid technology research, attract talents and enable innovation in China’s aviation industry. The result is a staggering success as evident by the rapid growth in China’s aviation industry over the last ten years.
A New General Aviation Industrial Park In Zhanhua District
CLHG has committed to invest three billion RMB to build a new general aviation industrial park in the Zhanhua district of Binzhou. The construction will be completed in 18 months and it is estimated that upon project completion, the park will generate RMB 310 million of revenue per year and RMB 50 million of tax income per year. The park will provide the infrastructure to support research, development, repair and training for general aviation in Binzhou. The park will support a large range of general aviation activities, both commercial and non-commercial, including flying clubs, flight training, agricultural aviation, light aircraft manufacturing and maintenance.
According to a report presented by Oxford Economic Research Institute and Airbus in June 2009, in the next two decades, the aviation industry worldwide will offer 20 million job opportunities and a turnover of 3500 billion USD. Asian-Pacific region has the biggest potential for the aviation industry, and by the year 2025, China will be the second largest aviation market after the US. Airbus and Boeing forecasted that in the next 20 years, the total market value of the aviation industry would reach 2,600 billion USD. It is estimated that by 2025, China will have purchased more than 2,000 aircrafts. With the promising growth forecast, Binzhou is very excited about the construction of a new general aviation industrial park. With the new aviation park, Binzhou will join other aviation dominant cities in China to answer the needs of travelers and flyers around the world.