The first aircraft introduced through the "cross-border aviation asset transaction + domestic bonded leasing" business model. [Photo/Wechat account of Xiamen FTZ]
The Xiangyu Bureau of Xiamen Free Trade Zone Administrative Commission and the Xiamen Dongdu Customs recently held a policy briefing meeting focused on aircraft financing leasing, and asset disposal.
The meeting introduced innovative measures such as supporting bonded warehousing of aircraft materials, optimizing the declaration of aircraft engine stands for import and export, declaring parts for engine maintenance abroad, and exploring the leasing of second-hand aircraft in the zone.
These initiatives aim to promote the upgrading of the aircraft financing leasing business and create new opportunities for innovative development in related industries
Since its establishment, the Xiamen FTZ has actively supported the financing leasing industry in various aspects such as economic policies, industrial support, and talent development. It has also collaborated with relevant authorities to address challenges in the leasing industry innovation. As a result, financing leasing has become a key industry within the Xiamen FTZ.
By 2024, the Xiamen FTZ had recorded an 89 percent year-on-year increase in the number of aircraft introduced and a 35 percent year-on-year growth in the total leasing asset scale.
Notably, enterprises in the Xiamen FTZ have conducted cross-border leasing asset transactions, completed the first wide-body aircraft disassembly business, and established the overseas engine "tax-free import + bonded maintenance + bonded leasing" model, as well as the overseas A330 second-hand aircraft disassembly business.