Business Aviation Asia has recently signed an investment agreement for land within the airport's bonded and free trade zone at Tianjin Airport in China. BAA plans to invest RMB 340 million ($53.3m) to build a new taxiway, maintenance facility, parking, paint-shop hangars, an FBO and offices.
Construction is due to begin in April 2012 with completion of all the facilities by October 2013. Eventually BAA will also establish a Training Centre in Tianjin.
The company will support and service its own fleet of managed aircraft which is expected by mid 2012 to total over 40 business jets. BAA current fleet will total 32 aircraft by the end of 2011 with on average an additional aircraft being added per month for the future.
