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Huzhou general aviation companies tap opportunities at Aero Asia 2023

chinadaily.com.cn | Updated: Nov 24, 2023

Four general aviation companies from Huzhou are showcasing their latest products at the Aero Asia 2023 underway in Zhuhai, Guangdong province.

One of the participants, Zhejiang AVIC General Aviation Research Institute, presented its first independently developed and manufactured aircraft - the AG100. The company's executive deputy general manager, Xia Zhongmin, highlighted the AG100's stylish appearance, user convenience, and exceptional safety. The aircraft will soon be available on the market. Xia expressed the company's intention to expand its network and demonstrate Deqing's manufacturing capabilities at the expo.

To make the most of the exhibition, Deqing hosted a general aviation industry promotion conference in Zhuhai. At the conference, the local government announced eight new policies for the general aviation industry, including rewarding and supporting businesses in the county engaged in aviation manufacturing trade with up to 20 million yuan ($2.8 million). Deqing also unveiled plans for a 1-billion-yuan venture capital fund dedicated to fostering the development of the aerospace industry.

In addition, the conference witnessed the signing of 12 agreements on investment projects set to be established in the county. These projects cover various areas, such as general aviation industry operations, aircraft production, aviation power and component production, and aviation engines, with a total investment of 2.85 billion yuan.