China’s Changzhou National High-tech Industrial Development Zone recently inked a framework cooperation agreement with Beijing General Aviation Co. Ltd., (BGAC), under which BGAC will invest more than 5 billion yuan (approx. US$820 million) over a five-year period in a move to establish the sole general aviation manufacturing and operation service hub in Jiangsu province of eastern China. Previously, BGAC, a state-owned general aviation firm in Beijing, had taken its first steps towards globalization when it signed a comprehensive cooperation agreement with New Zealand’s Pacific Aerospace Ltd (PAL) and established a strategic partnership with AgustaWestland, one of the world’s top three helicopter makers.
BGAC will join hands with Changzhou High-Tech Zone to set up the hub at Changzhou Aviation Industrial Park. The hub will support all of BGAC’s general aviation operations across six provinces and one city in eastern China, by taking over the responsibilities for delivery, assembly and refitting of fixed wing aircraft, helicopters and business jets as well as general aviation operations, maintenance, training, supply of replacement parts and management of information-based systems. Over time, the hub will broaden its range of operations by expanding into manufacturing and research and development of aircraft.
Yan Li, Secretary of the Changzhou Municipal Party Committee, said during the signing ceremony that the cooperation is another milestone in Changzhou High-Tech Zone’s efforts to attract key projects and boost the development of the city’s aviation industry. Changzhou’s city government plans to further optimize the environment for business and be at all times responsive to the hub’s needs through the provision of comprehensive, timely and efficient services.