(Yicai Global) Aug. 8 -- The Guanyi GA20, China's first aircraft developed by a privately owned  company, received its first order from Pakistan's Indus Air yesterday. 

Guanyi General Aviation  penned a sales agreement for 100 GA20s with Indus Air after finishing  the plane's 50th test flight, the Shanghai Observer reported today.

Guanyi expects the GA20 to  obtain the domestic airworthiness certificate next year, Chairman Zhu  Songhua said, adding that Indus Air's order will be delivered within  three or five years.

The Shanghai-based firm  completed the maiden flight of the four-seater propeller-driven aircraft  last September. The company expects to produce 200 such planes in 2022.  It began developing the aircraft in 2014. 

Indus Air inked the  pre-sale order to secure fleet of its own and form a nationwide service  network for its target customers who are high-net-worth individuals,  said Zhao Haiyang, general manager of the Karachi-headquartered airline.

Editor: Emmi Laine