After Qiu Yucheng ran for two days, he found that his previous thoughts were indeed a bit too simple.

This matter is really not something that ordinary people can worry about, and if you want to run this permit, you need to involve a lot of yamen.

Generally speaking, the aircraft financial leasing business belongs to the leveraged financial leasing business in the financial leasing, except for a big tyrant like Lin Xiao, no one directly uses their own funds to operate this kind of thing, and basically has to have a relationship with the bank or consortium.

Leveraged leasing is similar to syndicated loans, which is a kind of tax-advantaged financial lease that specializes in large-scale leasing projects, and is mainly led by a leasing company as the backbone company to finance a super-large leasing project.

In order to operate this matter, we generally first set up an operating organization that is separated from the main body of the leasing company, and set up a fund management company for the project to provide more than 20% of the total amount of funds for the project, and the rest of the source of funds is mainly to absorb the idle funds of the bank and the society, and use 100% to enjoy the benefits of low taxes "in a leveraged way of two and eight" to obtain huge funds for the leasing project.

The rest of the practices are basically the same as those of financial leasing, except that the complexity of the contract increases due to the wide range of aspects involved.

Because it can enjoy the benefits of tax incentives, standardized operation, good comprehensive benefits, safe rent recovery and low costs, it is generally used for financial leasing of aircraft, ships, communication equipment and large complete sets of equipment.

In fact, before the advent of aircraft leasing, airlines in various countries mainly acquired aircraft in the form of free funds, government investment and bank loans.

With the vigorous development of the world's air transport industry, the growing international passenger and cargo traffic has increased the demand for air capacity, and at the same time, aircraft manufacturers have continuously developed new aircraft with advanced technology and superior performance to meet market demand, while traditional financing methods have been unable to meet the needs of airlines to renew and rapidly expand their fleets.

The world's first case of aircraft financial leasing was when United Leasing Airlines acquired a jet aircraft in the form of a leveraged lease, and thus began the history of aircraft leasing.

The aircraft leasing industry grew strongly, driven by demand from emerging markets and increased penetration in the leasing industry.

Demand for aircraft in developed markets is closely related to the overall economic environment, while demand in emerging markets has soared since a decade ago, and although demand has declined slightly after the financial crisis of '08, it is already on a high base.

As the aircraft fleet continues to expand, the penetration rate of operating leases continues to rise, with a total of 21,341 commercial aircraft worldwide by the end of 2010, of which 7,621 are operating leases.

GECAS is a subsidiary of GE Group, which is mainly engaged in the leasing and financing of commercial aircraft.

GECAS has been engaged in aircraft finance leasing business since 1967, and as of 2010, it has 240 customers in 75 countries around the world, and owns the world's largest fleet (1,800 aircraft), accounting for 10% of the global aircraft fleet.

In 1995, GECAS's assets were about US$9 billion, and in 2011 this figure reached US$48.8 billion, and its net profit also grew to US$1.2 billion, making it the world's largest aircraft leasing company.

GECAS's profit source is mainly leasing business, operating lease, accounting for 70% of its revenue, as a large equipment leasing, operating lease has more advantages than financial leasing, the aircraft still has a large residual value income after the expiration of the lease contract, and pays more attention to maintenance and overhaul during the lease period.

GECAS's fleet is highly competitive, with an average age of 7 years, mainly cooperating with world-renowned aircraft manufacturers such as Boeing, Airbus and Bombardier, etc., GECAS's fleet is dominated by narrow-body aircraft, which accounts for 58%, wide-body aircraft account for 20% of the total number of aircraft, and regional aircraft also account for 12% of the total number of aircraft.

Qiu Yucheng first went to learn about the situation of the international aircraft leasing market, and then went to understand the joints that the domestic aircraft leasing industry needs to get through, and then he learned that this matter has nothing to do with the Civil Aviation Administration, but it is under the jurisdiction of the China Banking Regulatory Commission and the Ministry of Commerce.

Of course, in the later stage of aircraft leasing, you still have to deal with the aviation management department.

However, there are many procedures on the CBRC's side, first of all, you have to submit a financial lease application to the CBRC, fill in the project application form, and the CBRC will investigate its credit, assets and liabilities, operating conditions, solvency, project feasibility and other aspects according to the information provided by the enterprise.

If the CBRC finds that the matter is feasible, the project information will be submitted to the financial leasing company for review.

If the financial leasing company requires the project to provide mortgage, pledge or performance guarantee, the enterprise shall provide a list of mortgages or pledges, proof of ownership or proof of consent to mortgage or pledge with the right of disposition, and reach a cooperation agreement with the guarantor on the issuance of the performance guarantee.

For projects that fail to pass the preliminary examination by the financial leasing company, the enterprise shall supplement the relevant information in a timely manner according to the requirements of the financial leasing company. If the requirements of the financial leasing company cannot be met after supplementing the materials, the project shall be cancelled and the project materials shall be returned to the enterprise.

Then, if the financial leasing project is approved by the financial leasing company, the relevant parties shall sign a contract and go through the formalities of mortgage, pledge registration, freezing, and stop payment.

Finally, after the lessee pays the deposit, service fee, letter of guarantee fee and equipment invoice, the financial leasing company begins to invest funds.

After that, the role of the CBRC is to supervise the operation of the project and urge the tenant to pay the rent on time.

At the end of the lease term, the lessee buys back the aircraft at a low price.

It's just that after Qiu Yucheng saw these things, he felt that it was a bit complicated, after all, he didn't need to borrow from a financial leasing company, so this procedure could be omitted.

Therefore, he felt that if he set up a company and began to get involved in this aircraft leasing project, he should only need to report to the China Banking Regulatory Commission, and then start to purchase aircraft and sign contracts with airlines.

Whether it is the CBRC or the civil aviation side, there are some signs of prevarication in this regard, and it seems that they are not willing to accept his application.

All in all, he was kicked around like a ball.

This made Qiu Yucheng feel very annoyed, after all, he was also a figure with a head and face in the capital, and he actually encountered resistance in front of such a small person, how could he be embarrassed?

After all, whether it is the China Banking Regulatory Commission or the Civil Aviation Administration, it is just a ministerial-level structure, and before Qiu Yucheng went to sea, he was also a cadre at the department and bureau level, not to mention that there is still the shadow of the Lin family in the capital behind him, who doesn't know that he used to be Lin Zhengnan's secretary, and now he is the big housekeeper of some of the Lin family's industries?

What's more, now that Qiu Yucheng has tens of billions of dollars in his hands, it is when he is strong, how can he be frightened away by the delay of these little people?

"What the hell is going on? I've been running here twice, and you haven't given me a letter? Do you want me to talk to you Chairman Zhang directly? "No matter how good Qiu Yucheng's temper is, it is also a matter of looking at people, for people above the provincial and ministerial level, of course, he has to greet him with a smile, but he is not so timid, after all, there is the Lin family behind him, if he is too low-key, it will fall into Lin Xiao's name, but if the big man above the bureau committee comes, it is still relatively low-key, after all, the leader above the bureau committee is a representative of the word itself, and the power in his hands is completely different from the past.

Chairman Zhang of the China Banking Regulatory Commission really has a few encounters with him, especially since he is now working for Lin Xiao, and he has tens of billions of dollars in funds in his hands, so there is no reason not to call Chairman Zhang.

The staff who do the work is just a department level, although it is already a very awesome existence in the eyes of outsiders, but in the eyes of a character like Qiu Yucheng, it is still too far behind.

"Mr. Qiu, it's not like we deliberately delayed this matter, there is really no precedent for this, you really invited Chairman Zhang to come over, and he can't give you a word to spare this matter of the constitution, right?" The director of the department was full of smiles and a good temper, "You also know the current situation, if I make a little mistake here, the Commission for Discipline Inspection can directly come over and get people, who will I talk to when the time comes?" ”

"Why is there no precedent?" Qiu Yucheng immediately retorted, "If there is no precedent, how did Li Chaoren and Buffett deal with that matter?" ”

These two wealthy people invested in the aircraft leasing industry, and they all invested in real money, which is not much different from what Qiu Yucheng wants to do at this time, except that their funds do flow in through external institutions.

"You really blame us for this...... "The director of the office explained with a smile, "Although they use their own money, but the process is the same, if you inquire carefully, you will understand what is going on, Mr. Qiu, it is really not that we mean to embarrass you, but he really does this thing......

Qiu Yucheng talked to him for a long time, and he didn't say what was going on, but he just kept pushing this matter and asked him to handle it according to the established process, otherwise, the CBRC would have no way to deal with this project.

As for the Civil Aviation Administration, it is basically the same statement, nothing more than that the articles of association are not suitable, etc., without the permission of the CBRC, they cannot casually accept the outside aircraft leasing business to get involved in the Chinese aviation industry.

This incident made Qiu Yucheng feel very depressed, but if you really talk about it in detail, it is an indisputable fact that the rules and regulations that people come up with can really restrict their projects.

"Hey, the king of Hades is so good, the little ghost is difficult!" Qiu Yucheng also had to sigh.

It is impossible for him to go directly to the person in charge because of this kind of thing, in that case, it seems that he doesn't know how to advance or retreat, after all, a personal relationship is a private relationship, and a business is a public matter, and it can't be mixed up.

But if he can't solve this matter in a short period of time, wouldn't it seem that he Qiu Yucheng is too incompetent?