Company News
JIC Leasing Co., Ltd. Becomes CATAGA's First Financial Leasing Member
On August 27,2014, upon the approval by the General Aviation Committee of China Air Transportation Association (CATAGA), JIC Leasing Co., Ltd. (JIC Leasing) officially joined CATAGA as its first member from the financial leasing industry.
With the improvement of China's aviation administration system and the opening of low-altitude fields, general aviation has shown great potential in China. The Civil Aviation Administration of China (CAAC) put China's incremental demand for general aviation aircrafts at about 8,400 units, with a compound annual growth rate of over 20 percent. The scale of the Chinese general aviation market and the increased capacity of the Chinese leasing market are expected tobe RMB150 billion and over RMB100 billion by 2020, and an output value of over RMB1 trillion is expected to be created for upstream and downstream industries. JIC Leasing early permeation and distribution in the general aviation field is expected to help it acquire information and channels first when developing the general aviation leasing market in the future.
Founded in October 2006, CATAGA is a branch of the China Air Transportation Association approved by the Ministry of Civil Affairs. To date, CATAGA has owned a total of some 84 members, including general aviation R & D institutions, aircraft manufacturers, industrial parks, general aviation operators, training,maintenance, insurance and sports institutions, as well as other relevant institutions.