Hangzhou Welcomes China's First 4S Plane Shop

Hangzhou Welcomes China's First 4S Plane Shop
Jul 24, 2007 12:05
LIONPOWER Points: Join Date: Dec 11, 2006 Status: offline	China's first exclusive agency catering to general-purpose aircraft opened its doors Sunday in Hangzhou, capital city of east China's Zhejiang Province, hoping to garner the treasure trove of rich civil capital around the Yangtze River Delta. General-purpose aeroplanes include helicopters, police airplanes, agricultural airplanes, private jet with the core business of the Hangzhou 4S Shop is formed by helicopters and private jets although the shop also manufactures gliders. So far, three exhibition halls have been open containing three helicopters are open, for a floor space of 800 square meters. A 160km/h civilian helicopter will lighten the wallet to the tune of 1.2 million yuan (about US$160,000), around the same as a BMW 735Li.

Jul 24, 2007 12:05

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China's first exclusive agency catering to general-purpose aircraft opened its doors Sunday in Hangzhou, capital city of east China's Zhejiang Province, hoping to garner the treasure trove of rich civil capital around the Yangtze River Delta.

General-purpose aeroplanes include helicopters, police airplanes, agricultural airplanes, private jet with the core business of the Hangzhou 4S Shop is formed by helicopters and private jets although the shop also manufactures gliders.

So far, three exhibition halls have been open containing three helicopters are open, for a floor space of 800 square meters. A 160km/h civilian helicopter will lighten the wallet to the tune of 1.2 million yuan (about US$160,000), around the same as a BMW 735Li.

Jul 24, 2007 12:11

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The 4S shop's helicopters were all assembled by Xijie Aeroplane Manufacturing Company, a private factory based in Xi'an, capital city of Shaanxi Province, with some spare parts coming from France. Fully operational, they can bear a two-person load on a 400-500km flight.

According to industry insiders, insurance for a private jet costing more than a million yuan comes up to 20,000-30,000 yuan (US$2,600-4,000) with a further 1,000-2,000 yuan (US$130-260) to be factored in for each hour of flight. Additionally, annual maintenance costs must be tallied up, although they can run on regular 97# petroleum.

The first private jet owner in Zhejiang was Qiu Deyuan, broad chairman of Zhejiang Daoyuan Group. His 65-million-yuan (about US$8.6 million)-Premier I could bear two pilots and six passengers, costing 4000 yuan (US$530) to run per hour of flight.

Compared with the United States, which is home to 100,000 private jets and around 270,000 general-purpose planes across 17,000 airports, China counts less than a hundred such, leaving its private jet market yawning. Some Zhejiang real estate developers have sought to get ahead of the game, by including helipads as part of their residential complexes.
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