Cessna Aircraft has signed two agreements in China: one with AVIC for an aircraft service network and general aviation ventures, and another with AVIC and the Chengdu government to negotiate the production and possible development of mid-size bizjets.
These deals pave the way for manufacturing and certifying various Cessna aircraft, including business jets, utility single-engine turboprops, and single-engine piston aircraft, within China.
The move aims to capitalize on China's rapidly growing aviation market, which is an emerging market for business jet sales and is expected to rank among the top 10 countries for bizjet ownership by 2025.
Cessna's competitors, such as Gulfstream, Embraer, and Bombardier, are also significantly investing in the Chinese market due to strong growth expectations.
Cessna Aircraft has signed two deals to produce a range of aircraft in China, the company announced Friday.
The first agreement, made with Aviation Industry Corporation of China (AVIC), is geared toward the creation of an aircraft service network in China, as well as other joint GA ventures within the country.
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