Nansha: center of aircraft leasing cluster

Guangzhou' s Nansha district has leased out 117 civil aircraft under contracts worth $7.6 billion since September of 2015, making it a center for aircraft leasing clusters in South China.

In addition, the district was the first to seize the opportunity in the business of used airplane asset-stripping in the Guangdong-Hong Kong-Macao Greater Bay Area.

A cross-border business in second-hand jet asset-stripping contracted with China Southern Airlines on July 12 to dismantle a used jet for resale of its parts.

In the first half of this year, China Southern Airlines international financial leasing company disposed of three complete units and also the fuselage of an Airbus A320-200 for the global market.

The local financial leasing business is now developing rapidly, with the enterprises'  contract amountssoaringfrom less than 10 billion yuan ($ 1.41 billion) to about 300 billion in the past five years.

The district established an innovation service base under the model of "cluster register plus co-working”, offering assistance to those financial leasing enterprises by a standard of "expert plus steward”, so as to lower the costs.

Nansha will focus on the enhancement of leasing assets’ valid liquidity as the next step, as the global aviation market’s development center of gravity moves to the Asian-Pacific region, according to Cheng Qingming, deputy director of the local financial work bureau.