A high-end business jet manufacturing project of Syber Jet Aircraft will be settled in Laoshao district, Qingdao, according to a signing ceremony of major projects held on March 27 in the district.

The project's aviation manufacturing R&D base will be located in Laoshan district, which is mainly engaged in the manufacture of aerospace components, R&D of high strength metallic parts and manufacture of business jets.

The first homebred high-performance subsonic business jet, whose speed is just lower than sonic speed (340m/s), will be ready to take off within three years.