飞肯航空科技（上海）有限公司Feiken Aviation Technology (Shanghai) Co., Ltd.

全动模拟机Full-Flight Simulator 资产管理专家Asset Management Expert

以HALO资产视角，构建可规模化的航空训练基础设施能力
做时间的朋友，将优质负债转化为优质资产With a HALO-asset perspective, we build scalable aviation training infrastructure capability.
Being a friend of time — turning quality liabilities into quality assets.

2021 年成立Founded
上海Shanghai 浦东Pudong
D级Level D 最高认证Highest Certification
探索更多Explore More
01

公司概览Company Overview

专注于全动飞行模拟机（FFS）资产的管理与运营平台A management and operation platform dedicated to Full-Flight Simulator (FFS) assets

公司定位Company Positioning

致力于为航空公司与培训机构提供可规模化的训练基础设施能力，打造航空模拟机领域的资产管理标杆。Committed to providing scalable training infrastructure for airlines and training institutions, building a benchmark in FFS asset management.

HALO资产视角HALO Asset Perspective

HALO = Heavy Asset, Low Obsolescence。模拟机价值不仅来自设备本身，更来自民航局鉴定资质的可持续性、训练小时数的可变现性和搬迁系统工程能力。HALO = Heavy Asset, Low Obsolescence. A simulator's value lies not only in the equipment itself, but also in the sustainability of authority qualification, the monetizability of training hours, and relocation system-engineering capability.

总部位置Headquarters

上海市浦东新区浩宇路919号8幢D1，立足中国金融中心，辐射全球航空训练市场。Located at Building 8-D1, No.919 Haoyu Rd, Pudong New Area, Shanghai — rooted in China's financial center and reaching global aviation training markets.

02

HALO资产理念HALO Asset Philosophy

Heavy Asset, Low Obsolescence — 重资产，低淘汰率Heavy Asset, Low Obsolescence

H A L O

Heavy Asset, Low Obsolescence

摩根士丹利、高盛等华尔街投行广泛认同采纳的价值投资理念A value-investment philosophy widely endorsed by Wall Street investment banks such as Morgan Stanley and Goldman Sachs.

重资产Heavy Asset

单台 Level D FFS 投入数百万到千万美元量级，高投入、强壁垒、强配套A single Level D FFS requires an investment of millions to tens of millions of USD — high capital, strong barriers, and heavy supporting infrastructure.

低淘汰Low Obsolescence

取决于"机型与生态"而非设备年龄，A320/B737等主流机型可升级延寿，训练需求长期稳定Driven by "aircraft type and ecosystem" rather than equipment age. Mainstream types like A320/B737 can be upgraded and life-extended, with long-term stable training demand.

现金流Cash Flow

收入本质是训练产能售卖，核心指标：可用率 = 训练小时 = 现金流Revenue is essentially the sale of training capacity; key metric: Availability = Training Hours = Cash Flow.

可投资Investable

确权清晰、合规可持续、可迁移部署、退出路径可算，是"可被投资"的资产类别Clear ownership, sustainable compliance, migratable deployment, and computable exit paths make it an "investable" asset class.

FFS = HALO：全动模拟机同时满足重资产、低淘汰、确定性现金流三大条件FFS = HALO: Full-flight simulators simultaneously meet the three conditions of heavy asset, low obsolescence, and deterministic cash flow.

03

全动模拟机（FFS）Full-Flight Simulator (FFS)

Full Flight Simulator — 飞行员训练的终极地面设备Full Flight Simulator — the ultimate ground device for pilot training

全动模拟机驾驶舱

什么是全动模拟机？What is a Full-Flight Simulator?

全动模拟机（FFS）是专门用于飞行员训练的高端设备，带有运动和视觉系统，逼真度最高。分为A、B、C、D四个等级，D级为最高等级，可替代真机飞行训练的绝大部分科目。A Full-Flight Simulator (FFS) is a high-end device dedicated to pilot training, equipped with motion and visual systems for the highest fidelity. It is graded A, B, C, D, with Level D being the highest, able to replace the vast majority of real-aircraft training subjects.

驾驶舱仿真Cockpit Simulation — 高度仿真的仪表、操纵系统Highly realistic instruments and control systems
运动系统Motion System — 六自由度运动平台，真实还原飞行体感Six-degree-of-freedom motion platform that truly reproduces in-flight sensation
视觉系统Visual System — 高保真视景生成，模拟各种气象与场景High-fidelity scene generation simulating various weather and scenarios
法规驱动Regulation-Driven — 民航法规强制要求飞行员每年完成固定小时数训练Aviation regulations mandate that pilots complete a fixed number of training hours every year
04

二手全动模拟机价值Value of Second-Hand FFS

全球市场由CAE、Flight Safety、L3、Thales等国际厂商主导The global market is dominated by international manufacturers such as CAE, Flight Safety, L3, and Thales

CAE
FSI
L3
Thales

制造商技术壁垒Manufacturer Technical Barriers

几大国际厂商凭借长期技术积累，掌控模拟机核心系统研发与生产，形成行业技术壁垒，主导全球供应链体系。Major international manufacturers, leveraging long-term technological accumulation, control the R&D and production of core simulator systems, forming industry technical barriers and dominating the global supply chain.

全新FFSNew FFS $8-20M
VS
二手FFSUsed FFS $2-7M

小时单价接近，二手设备采购成本显著降低Similar hourly rates, significantly lower procurement cost for used equipment

成本收益优势Cost-Benefit Advantage

全新与二手模拟机训练小时单价接近，但二手设备采购成本大幅降低，直接提升资产回报率，创造确定性现金流。Training hourly rates of new and used simulators are similar, but used-equipment procurement cost is substantially lower, directly improving asset returns and creating deterministic cash flow.

刚性
需求Rigid
Demand

法规驱动的稳定需求Regulation-Driven Stable Demand

民航法规强制要求飞行员每年完成固定小时数训练，复训、转机型、资质保持是硬需求，终端客户需求刚性，保障租赁收入稳定性。Aviation regulations mandate fixed annual training hours for pilots; recurrent training, type transitions, and qualification maintenance are hard requirements. End-customer demand is rigid, securing stable lease revenue.

05

核心业务能力Core Business Capabilities

覆盖全动模拟机全生命周期的资产管理闭环A closed-loop asset management covering the full lifecycle of FFS

资产投资
与定价Asset Investment
& Pricing

精准筛选优质FFS资产，结合设备状况、机型适配性及市场价值进行科学定价Precisely screen quality FFS assets and price them scientifically based on equipment condition, type adaptability, and market value.

再鉴定
与持续合规Re-Qualification
& Compliance

QTG维护、文件包闭环管理、持续符合局方运营要求QTG maintenance, closed-loop documentation management, and continuous conformance with authority operational requirements.

组合管理
与动态调配Portfolio
& Allocation

实时监测区域需求，跨区域调拨优化配置，升级改造适配市场新需求Real-time monitoring of regional demand, cross-region deployment for optimal allocation, and upgrades to meet new market needs.

可用率驱动
的运维Availability-
Driven O&M

备件库快速更换、故障分级响应、SLA合同保障Uptime/MTTRRapid spare-part replacement, tiered fault response, and SLA contracts ensuring Uptime / MTTR.

搬迁安装
与投运Relocation
& Commissioning

专业拆解包装运输、训练中心建设、复装对准调试与投运爬坡Professional disassembly, packing and transport, training-center construction, reassembly, alignment, commissioning, and ramp-up.

FFS资产筛选与定价FFS Asset Screening & Pricing

基于市场需求与资产特性，精准筛选优质FFS资产，结合设备状况、机型适配性及市场价值进行科学定价，确保投资标的具备高回报率与稳定性。Based on market demand and asset characteristics, precisely screen quality FFS assets and price them scientifically by equipment condition, type adaptability, and market value, ensuring high return and stability.

  • 尽调：技术/合规/迁移可行性全方位评估Due Diligence: comprehensive technical / compliance / migration-feasibility assessment
  • 残值与退出路径设计：全生命周期残值预测Residual Value & Exit-Path Design: full-lifecycle residual-value forecasting

可用率 = 现金流Availability = Cash Flow

将可用率指标写入SLA，明确Uptime、MTTR等关键指标。建立覆盖核心部件的备件库，实施故障分级响应机制，确保高可用率。Embed availability metrics into SLAs, defining key indicators such as Uptime and MTTR. Build a spare-parts library covering core components and implement a tiered fault-response mechanism to ensure high availability.

  • 备件库与快速更换机制Spare-parts library and rapid-replacement mechanism
  • 故障分级响应体系Tiered fault-response system

搬迁系统工程能力Relocation System Engineering

遵循严格技术规范进行模拟机拆解、定制化包装、专业运输，完成训练中心建设及机电接口建设，精准复装与系统对准。Following strict technical specifications for simulator disassembly, customized packing, and professional transport, completing training-center and electromechanical-interface construction, with precise reassembly and system alignment.

  • 拆解/包装/运输专业保障Professional assurance for disassembly / packing / transport
  • 复装/对准/调试与投运爬坡计划Reassembly / alignment / commissioning and ramp-up plan
06

核心团队Core Team

由航空模拟机全产业链资深专家组成的精英团队An elite team of seasoned experts across the entire FFS industry chain

罗国庆 先生Mr. Luo Guoqing

高级工程师Senior Engineer

西安交通大学毕业，15年以上模拟机从业经验，精通Thales、CAE、TRU等主流模拟机，曾任美国TRU中国区项目管理及售后负责人。Graduate of Xi'an Jiaotong University with 15+ years in simulators, expert in Thales, CAE, TRU and other mainstream simulators; former head of project management and after-sales for TRU USA's China region.

Adang Mugara

资深模拟机专家Senior Simulator Expert

超35年模拟机领域经验，精通CAE、SimIndustries等品牌，熟悉实时计算机、视觉、运动等核心系统。35+ years in simulators, expert in CAE, SimIndustries and other brands, familiar with core systems such as real-time computers, visual, and motion.

Hendy Nur Huda

高级工程师Senior Engineer

深耕模拟机领域超12年，曾任Batavia Air和Lion Air模拟机高级工程师，掌握快速排故核心技能。12+ years in simulators; former senior simulator engineer at Batavia Air and Lion Air, mastering rapid troubleshooting.

何红娇 女士Ms. He Hongjiao

合规管理专家Compliance Management Expert

南京师范大学法学硕士，7年执业律师经验，主导构建模拟机资产法律风控体系，覆盖跨境租赁、适航合规等12个模块。LL.M. from Nanjing Normal University, 7 years as a practicing lawyer, leading the build of the legal risk-control system for simulator assets, covering 12 modules including cross-border leasing and airworthiness compliance.

戴鸿庆 先生Mr. Dai Hongqing

全球航空培训专家Global Aviation Training Expert

10余年飞机改装与全球航空培训经验，2016年主导中国首架AW139医疗救援直升机获CAAC适航认证。10+ years in aircraft modification and global aviation training; in 2016 led China's first AW139 air-ambulance helicopter to obtain CAAC airworthiness certification.

白晓佳 女士Ms. Bai Xiaojia

财务管理专家Financial Management Expert

郑州航空工业管理学院会计学学士，曾任职互联网上市公司及美股上市半导体企业，主导搭建财务核算体系。B.A. in Accounting from Zhengzhou University of Aeronautics; formerly at an internet listed company and a US-listed semiconductor firm, leading the build of the financial accounting system.

专业架构Structure 技术-资产-培训-合规 四位一体Technology–Asset–Training–Compliance, integrated as one
保障体系Assurance 技术 + 商业 + 法律 三维保障Three-dimensional assurance: Technology + Business + Legal
覆盖环节Coverage 采购引进 · 安装调试 · 适航认证 · 商业运营 · 法律风控Procurement · Installation & Commissioning · Airworthiness Certification · Commercial Operation · Legal Risk Control
07

模拟机资产案例Simulator Asset Cases

精选优质全动模拟机资产，覆盖主流机型Selected quality FFS assets covering mainstream aircraft types

B737NG CAE模拟机 CAE

B737NG 模拟机B737NG Simulator

CAE CFM56-7B 2005 Level D

📍 天津Tianjin

B737NG Flight Safety模拟机 Flight Safety

B737NG 模拟机B737NG Simulator

Flight Safety CFM56-7 2006 Level D

📍 北京Beijing

B757模拟机 CAE

B757 模拟机B757 Simulator

CAE RB211/CF6 2001 Level D

📍 上海Shanghai

B777模拟机 CAE

B777 模拟机B777 Simulator

CAE GE90 2003 Level D

📍 上海Shanghai

发展策略Development Strategy

资产获取Asset Acquisition

购入优质资产，精选具备高回报率和市场需求的全动飞行模拟机资产。Acquire quality assets — select FFS assets with high returns and strong market demand.

动态管理Dynamic Management

长期持有优质资产，根据市场变化和客户需求进行科学调配。Hold quality assets long-term, allocating them scientifically per market changes and customer needs.

稳定租赁Stable Leasing

租赁给优质承租商，确保稳定的租赁收入来源。Lease to quality lessees, ensuring stable lease revenue.

长期增值Long-Term Appreciation

做时间的朋友，将优质负债转化为优质资产，实现持续增值与稳健发展。Be a friend of time — turn quality liabilities into quality assets, achieving sustained appreciation and steady growth.