The CNY18 billion Zhongyi Taike Business Jet Company will be headquartered in Shenyang, Liaoning province.
The company, affiliated to China Zhongyi Group, will introduce Challenger 850 aircraft manufactured by Bombardier Aerospace in Canada. It will be the first private business jet company in China approved by the General Administration of Civil Aviation of China. The headquarters is expected to be China's business jet base for service, maintenance, operating and training after its completion.
Currently in China there are only 50 private business jets for passenger transportation. Compared with the number in Brazil and the United States, China has great potential for private business jets. It is estimated that China will have between 600 and 1,200 business jets in the next decade.