Feng Wan Aviation Industry Co., Ltd. is a state-owned enterprise, right?

Feng Wan Aviation Industry Co., Ltd. is not a state-owned enterprise!

Feng Wan Aviation Industry Co., Ltd. (hereinafter referred to as Feng Wan Airlines) is invested and established by Wan Feng Automobile Holding Group, which integrates general aviation, airport construction, aircraft manufacturing and navigation flight service station, and has reached an acquisition intention with leading foreign aircraft manufacturing companies, with broad development prospects and potential for international strategic development.

State-owned enterprises, in international practice, only refer to enterprises invested or controlled by the central government or the federal government of a country. In China, state-owned enterprises also include enterprises invested and controlled by local governments. The will and interests of the government determine the behavior of state-owned enterprises. As a form of production and operation organization, state-owned enterprises have the characteristics of both profit-making legal persons and public welfare legal persons. Its profitability is reflected in the pursuit of maintaining and increasing the value of state-owned assets. Its public welfare is reflected in the fact that the establishment of state-owned enterprises is usually to achieve the goal of national economic regulation and play a role in coordinating the development of all aspects of the national economy.