Wealthy Chinese businessmen have become the new target for foreign business jet companies. The latest evidence is the two-day Asian Business Aviation conference and exhibit in Macau on June 10 and 11, which attracted attendants such as Savannah-based Gulfstream and Embraer from Brazil.
Though companies see increasing opportunities across Asia, the focus of the event was on mainland China. “China is on everybody’s radar,” said Chuck Woods, chairman at Asian Business Aviation Association (ABAA), adding the country could be considered as seven markets.
Justin Firestone, Asia-Pacific president of Kansas-based Hawker Beechcraft agrees with him, saying China and India are the company’s focus in the region. The company has sold five of its Hawker 4000 aircraft, in all-cash deal, to Chinese buyers so far this year.
David Velupillai, marketing director at Airbus, said one reason for the growing sales in China is that the local government has realized corporate jets are a value for the country.
So far, about 1,400 people have pilot licenses for private jets, reported People Daily, the state-run paper. On August 13, China’s first business jets exhibition – China Shanghai Jet Expo – will be held in Shanghai.
photo courtesy of gulfstream