In the wake of the Chinese State Council’s determination that general aviation should become a new economic driver for China, revised provisions on the administration of business licensing for general aviation companies came into effect on June 1, 2016. The new provisions were issued by the Ministry of Transportation under the title “Order No. 31.”
According to a discussion article on the National Law Review website, the revised procedures reduce the burden on enterprises and better reflect market realities. GA companies are no longer required to own aircraft, but may obtain aircraft by lease. The approval procedure is also simplified as companies now skip the preparatory stage and apply directly for a GA business license.
Read the entire NLR article here.