The Big Deal between Fan-Mei & Piper
On 2nd February, Sichuan Fan-Mei Aviation Technologies Co., Ltd signed with Piper Aircraft (Piper Aircraft Inc.) in Chengdu an aircraft order agreement, “an exclusive dealing agreement”, and also a comprehensive cooperation agreement, by which Fan-Mei purchased 252 aircraft from Piper and also enjoys the exclusive dealer’s right in greater China. The order is the largest Piper Aircraft ever got. The depth of the cooperation between Fan-Mei and Piper formally blew the horn of Piper’s expansion in China.
According to the agreement, the order of the 252 aircraft including 200 PA - 44 "Seminole" double-engine trainer, PA - 28 "Archer" single-engine trainer, 21 PA - 34 "Seneca" double-engine six seats business aircraft and 31 M - 350 six seats corporate aircraft. The delivery will start in March 2018.
So how big is the deal for Fan-Mei Aviation Technologies?
In the next eight years, Fan-Mei group will set up a general aviation fleet of 1000 aircraft focus on flight training, hosting the plane 2000, produce and sell 5000 aircraft, conduct maintenance services for 10000 aircraft, train 3000 pilots, amplify the advantages and put forward the development, trying to become the general aviation operator which has the most complete business chain. Fan- Mei will set up new benchmark in Chinese general aviation field and be a great leader of this industry.