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Xiamen FTZ soars with record aircraft leasing investment

LMS
ftz.xm.gov.cn|Updated: October 10, 2024

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A signing ceremony is held for cooperation projects related to financial leasing. [Photo/WeChat account of Xiamen FTZ]

CCB Financial Leasing Co Ltd recently delivered 14 leased aircraft valued at nearly two billion yuan ($283 million) to the Xiamen Free Trade Zone. This is the largest number of aircraft and highest leasing amount to be recorded in the Xiamen FTZ this year.

The aircraft leasing project was involved in the Xiamen FTZ Key Cooperation Project Signing Ceremony for Financial Leasing during the 24th China International Fair for Investment and Trade (CIFIT) and landed in less than a month. The first batch of 11 leased aircraft was delivered to the zone on Sept 29, while the remaining three will be delivered in October. These leased aircraft are expected to bring approximately 270 million yuan in revenue to the Xiamen FTZ annually.

In addition to the aircraft leasing industry, the Xiamen FTZ Administration Committee will continue to improve specific key nodes such as secondary aircraft leasing, asset trading, dismantling, and disposal. These efforts will complement the aviation maintenance industry and jointly promote the development of Xiamen's aviation industry.

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