Citic Offshore Helicopter Swoops On First Drone License After New Rules Issue

Citic Offshore Helicopter Swoops On First Drone License After New Rules Issue

Tang Shihua

Date: Wed, 06/06/2018 - 11:21 / source:Yicai
Citic Offshore Helicopter Swoops On First Drone License After New Rules Issue
Citic Offshore Helicopter Swoops On First Drone License After New Rules Issue

(Yicai Global) June 6 -- Citic Offshore Helicopter has secured a license to operate unmanned aerial vehicles days after a policy on the administration of commercial flight activities of civil-use drones issued by China’s aviation agency came into force, thus qualifying the company to offer UAV-based services.

The company obtained a long-term business license on June 4 from the Civil Aviation Administration, which authorizes the firm to engage in crop spraying, aerial photography, aerobatics and pilot training, the helicopter services company said in a statement yesterday. The move will fortify its competitiveness in the UAV application and services market and aid its expansion and future development, per the statement.

The Chinese government has tightened its regulation of the nascent drone sector in recent years. Following introduction of a real-name registration policy for UAVs last June, companies operating them commercially need a license from CAAC as of the start of this month.

The annual growth rate in China’s drone market is projected at 61.5 percent from 2014 to 2020, outstripping the global market’s development, with the country occupying 20 percent of the world sector with an overall value of CN26.1 billion (USD4 billion) by the latter year, per a report appearing on the website of Japan-based Mizuo Bank.

Editor: Ben Armour

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Keywords: government policy, Drone, Commercial Operating License, CAAC, Citic Offshore Helicopter