The CAAC insists for safety reasons that management companies maintain and operate general aviation aircraft on behalf of Chinese owners.
The biggest new entrant in the Chinese business aviation industry is a rejuvenated established player. Minsheng International Jet is being built up from Citic General Aviation with the aim of making it the largest operator in the sector in Asia, partly thanks to its association with sibling Minsheng Financial Leasing. With a focus on aircraft management, Minsheng Jet plans to set up outside mainland China, beginning with Hong Kong this year. It also hopes to work with foreign ...
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