Pacific Aerospace Resources and Technologies—a global MRO, aircraft storage and tear-down firm—has entered into a strategic cooperation agreement with Yinchuan Free Trade Zone to assist Yinchuan in creating an aviation park that combines aircraft manufacture, repair and maintenance service and aircraft financial service.

The first phase of this project will focus on the fixed based operation, aircraft and engine leasing, engineering, aircraft parts distribution and a training academy. Initial investment of the first phase will be $500 million. The city government of Yinchuan agrees to build the infrastructure needed for the first phase.