USEUROPEAFRICAASIA 中文双语Français
Home / Business

Dongjiang FTPZ banks on innovation to boost growth momentum

By Yang Cheng in Tianjin | China Daily | Updated: 2019-09-25 08:07

The Dongjiang Free Trade Port Zone, the world's second largest airplane leasing market behind that of Ireland, is taking concrete measures to tackle the challenges of a massive wave of airplane redeliveries or contract terminations that are expected to hit over the next two years.

Since the founding of the zone in 2009, a total of 1,500 airplanes have been leased out, with total assets hitting up to 1.5 trillion yuan ($211.4 billion).

Airplane leasing contracts normally last eight to 10 years, and then the devalued planes may be leased, redelivered, undergoing major maintenance, or their services may be stopped.

Dongjiang FTPZ banks on innovation to boost growth momentum

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US