CCTV.com - CNTV English - CCTV News

Beijing sets up its first general aviation manufacturing company

10-26-2011 07:21 BJT

BEIJING, Oct. 25 (Xinhua) -- Beijing set up its first general aviation manufacturing company on Tuesday in order to launch research and development, manufacturing as well as sales and operation in the country's capital.

With an investment of 100 million yuan (about 15.7 million U.S. dollars), Beijing General Aviation (Group) Co. Ltd. (BGAG) is co-founded by Beijing Automotive Group (BAIC) and Beihang University (Beijing University of Aeronautics and Astronautics), in terms of capital and technologies, respectively.

The two sides signed the contract Tuesday, and set four goals, including building up research and development capabilities, industrializing general aviation engines, avionics equipment and general aircraft, synchronizing the technology to the world's most advanced levels by cooperating with foreign companies, and forming a complete industrial chain, said Zhu Suiyu, director of the industrial layout office of BAIC.

The automotive and aviation industries are two complimentary industries that have similar technologies in many aspects, especially in their power systems, and BAIC has a strong technology background in general aviation, Zhu said.

General aviation refers to flights other than military and scheduled airline and regular cargo flights, both private and commercial.

The Chinese government said in its 12th Five-year Plan for 2011-2015 period that it would promote the general aviation industry's development, reform the airspace management system as well as increase the efficiency of the allocation and utilization of airspace resources.

It is estimated by China's civil aviation authorities that by 2012 China will need 10,000 to 12,000 aircraft in the general aviation field. Related industries, led by the booming general aviation industry, would form a huge market valued at about 1 trillion yuan.

 

Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program