ABL Appointed as Long-Term Legal Advisor to Shanghai Lingang New Area Aviation Industry Development Co., Ltd.
2020-07-2310068ABL has been appointed as the long-term legal advisor to Shanghai Lingang New Area Aviation Industry Development Co., Ltd., a wholly-owned subsidiary of Shanghai Lingang Holdings Co., Ltd. (Stock Code: 600848). With a registered capital of RMB 500 million, the company is tasked with spearheading the development of the aviation industry in the China (Shanghai) Pilot Free Trade Zone Lingang New Area, aligning with national strategic priorities and fostering innovation in the aviation sector.
Building a Global Aviation Hub
Shanghai Lingang New Area Aviation Industry Development Co., Ltd. will play a critical role in implementing the Lingang New Area’s strategic objectives and advancing the national large aircraft strategy. The company’s primary mission is to establish a globally significant industrial park focused on aviation. This world-class park aims to become:
● A hub for international aviation resource allocation,
● A center for technological innovation,
● A leader in high-end emerging industries, and
● A model for open industrial services.
These efforts are part of Lingang’s ambitious 14th Five-Year Plan to develop a trillion-yuan aviation industry. Collaborating with industry leaders such as COMAC and Airport Group, the Lingang Group is pooling resources to create a globally influential large aircraft industry cluster that will solidify China’s position in the global aviation market.
ABL’s Role in Supporting Aviation Development
As the appointed legal advisor, ABL will provide a wide range of legal services to Shanghai Lingang New Area Aviation Industry Development Co., Ltd. This includes advising on cross-border aviation investments, corporate finance, mergers and acquisitions, company listings, and investment promotion. The legal team, led by senior partners Fang YE, Youyou ZHANG, and Bin YANG, with support from attorney Yongliang WANG, will ensure seamless execution of legal strategies to advance the company’s objectives.
Contributing to China’s Aviation Ambitions
This appointment highlights ABL’s expertise in handling complex legal matters in innovative and strategically critical industries. By supporting the development of the aviation industry in the Lingang New Area, ABL is proud to contribute to the realization of China’s aviation ambitions and the transformation of Lingang into a globally influential economic zone.
ABL looks forward to playing an integral role in this transformative project, demonstrating its commitment to excellence in legal services and its dedication to fostering cutting-edge industrial growth in China.
