An aerial view of the Xiamen Xiangyu Comprehensive Bonded Zone. [Photo/WeChat account of Xiamen Free Trade Zone]
Xiamen Aircraft Leasing Co. Ltd (XMAIRLEASE) recently imported second-hand aviation engines via the Xiangyu Comprehensive Bonded Zone, which is part of the Xiamen FTZ.
This is the first time second-hand engines have been imported through a bonded leasing model.
Acquiring airworthy second-hand backup engines through the "bonded + operating lease" method can effectively enhance the capital turnover efficiency of airlines and reduce costs.
The Xiamen FTZ and Dongdu Customs have in recent years designed solutions to help companies complete their declarations in the Xiangyu Comprehensive Bonded Zone through a bonded leasing model. This move has enabled companies to avoid a one-time import tax payment of 8.5 million yuan ($1.18 million), thus significantly reducing the cost of their imports.
Leveraging the policy advantages of the comprehensive bonded zone, the Xiamen FTZ has implemented numerous innovations in the field of aviation assets trading circulation. These pioneering developments have spurred the growth of the entire aviation assets management industrial chain in Xiamen.