Chinese firm seeks investors for planned world aviation city

Global Business

The 2014 Business Aviation Convention and Exhibition that runs from Oct. 21-23 features over 1,000 exhibitors who are showcasing their latest product and services.

One Chinese company, the China Aviation Investment Group, is attending the conference and plans to target investors with a project to build the biggest investment and operation base in China’s private jet industry. CCTV America’s Nitza Soledad Perez reports.

Chinese firm seeks investors for planned world aviation city

Chinese firm seeks investors for planned world aviation city

The 2014 Business Aviation Convention and Exhibition that runs from Oct. 21-23 features over 1,000 exhibitors who are showcasing their latest product and services. One Chinese company, the China Aviation Investment Group, is attending the conference and plans to target investors with a project to build the biggest investment and operation base in China's private jet industry. CCTV America's Nitza Soledad Perez has the story.

The China Aviation Investment Group is in Orlando, Florida at the Business Aviation Convention and Exhibition hoping to attract future investors with their plans to build the World Aviation City in Ordos, Inner Mongolia.

The city is a former coal town in rural China and is planned to stretch 8 square kilometers (about 2,000 acres) with an investment of over $8 billion. It will be a joint venture between the government of Ordos and the China Aviation Investment group

According to the International Air Transport Association, China is set to beat the U.S. as the leading global air passenger market in the next two decades. The Ordo government wants to make aviation an important component of the city’s income. This would be a second attempt to bring investment to Ordos.

For a closer look at China’s private jet market, CCTV America talked with Eric Wong from Hong Kong. He’s the vice chairman of NetJets China.

China's private jets, a changing market

China's private jets, a changing market

The 2014 Business Aviation Convention and Exhibition that runs from Oct. 21-23 features over 1,000 exhibitors who are showcasing their latest product and services.For a closer look at China’s private jet market, CCTV America talked with Eric Wong from Hong Kong. He’s the vice chairman of NetJets China.