ABACE Convention News - 2012

ABACE Convention News

Steve Forbes was the keynote speaker at Wednesday night’s ABACE gala dinner held at the Hongqiao Hilton hotel. The U.S. businessman, who is chairman of the Forbes Media group, is a passionate advocate for business aviation.

Last year’s announcement of schemes aimed at opening some lower-altitude airspace (LAA) in China offered a glimmer of hope to the rotary-wing sector that it would soon be easier to operate helicopters in the country. However, there is still some way to go before the industry can grow much further, as officials grapple with how to manage airspace once the experiments finish.

Avinode (ABACE Booth H525) believes its online charter portal can make it easier for operators and customers to maximize usage of available capacity in Asia. More and more Asian operators are joining the Avinode network, with the most recent additions being Korean Air, Hong Kong Jet, Asia Jet, Deer Jet and First Mandarin.

AsiaJet

No one doubts that demand for business aviation is growing in Asia, but is the available aircraft capacity being developed sufficiently to meet this demand? It is not, according to Jean Noel Robert, president of the Asian Business Aviation Association (AsBAA), who believes that the lack of available charter aircraft is a real impediment to growth.

Minsheng Financial Leasing

It came as no surprise to industry watchers that Minsheng Financial Leasing Co. Ltd. (MSFL) won the recent Corporate Jet Investor (CJI) award for Asian Business Jet Financier of the Year. MSFL has so far signed agreements for, and placed nonrefundable deposits on, more than 100 private aircraft acquisitions in China. The firm’s total registered capital is RMB five billion ($790 million).

The exhibit hall at ABACE 2012 was bustling with potential buyers eyeing new opportunities in this region.

Day two of ABACE 2012 brought clear weather and large crowds lining up to tour the wide range of business jets on the static display. (Photos: David McIntosh)

The opening day of ABACE 2012 was jam packed with sessions, attendees and exhibitors.

On the press day preceding the opening of ABACE 2012, Embraer brand ambassador and actor Jackie Chan took ceremonial delivery of his Legacy 650 super-midsize business jet. (Photos by David McIntosh)

At the Dassault Falcon-sponsored press luncheon at ABACE 2012, NBAA president and CEO Ed Bolen and vice president of the Shanghai Airport Authority Jing Yiming announced an agreement to hold the Asian Business Aviation show at the Shanghai Hangqaio Airport until 2016.

On the eve of ABACE 2012 at the Shanghai Hongqiao Airport, setup crews were busy putting readying the exhibit booths and getting static-display aircraft parked and cleaned. The Asian business aviation show, which is co-hosted by the U.S. National Business Aviation Association and the Asian Business Aviation Association, officially opens on Tuesday, March 27. (Photos: David McIntosh)

Helicopter operators in China face the same regulatory and infrastructure impediments that their fixed-wing counterparts do. To learn more about how helicopters can be better accommodated in the Asian country, AIN sat down with Helicopter Association International president Matt Zuccaro at ABACE 2012.

While customers in Asia prefer new business jets, the market for used aircraft is starting to emerge in the region. However, when they do choose to buy pre-owned business jets they want younger aircraft that are less than five years old. To get a sense of how this part of the business aviation market is developing in Asia, AIN spoke with Jahid Fazal-Karim, board member and partner of business jet sales broker Jetcraft.

The General Aviation Manufacturers Association is providing an industry perspective to authorities as countries on the Pacific Rim develop a common framework to facilitate business aviation operations under the auspices of the Asia Pacific Economic Cooperation (APEC) forum. At the ABACE show, AIN caught up with GAMA president and CEO Pete Bunce to learn more about how the association is helping to influence a business aviation-friendly infrastructure and regulatory environment in Asia.

Jackie Chan and Ernest Edwards

On the eve of the Asian Business Aviation Conference and Exhibition in Shanghai, China, Embraer held a ceremony to celebrate the recent handover of a Legacy 650 to company brand ambassador and actor Jackie Chan, announced the delivery of Minsheng Financial Leasing’s first Legacy 650 and revealed its 10-year forecast for China. AIN sat down with Embraer Executive Jets president Ernest Edwards at ABACE to get more details.

More Stories from ABACE 2012

March 28, 2012, 7:30 AM

Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts. The U.S. manufacturer announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”

March 28, 2012, 5:52 AM

With one more day to run, ABACE organizers and exhibitors agree that the reborn show has been a great success that has put Asian business aviation firmly on the international air show calendar. This year’s event fulfilled all of its objectives, according to NBAA president Ed Bolen, who pointed to its ability to bring buyers and sellers together.

March 28, 2012, 5:32 AM

Bradley Pacific Aviation has opened a new FBO at Kona International Airport in Hawaii.

March 28, 2012, 5:23 AM

Shanghai Hawker Pacific (SHP) general manager Carey Matthews, and deputy general manager Dr. George Lu, signed a preliminary service center agreement here yesterday at the ABACE show with Cessna president and CEO Scott Ernest.

March 28, 2012, 5:13 AM

It is testament to how seriously the China market takes its fledgling general-aviation industry that key players from the China Aircraft Owners and Pilots Association (AOPA) took to the stage for one of the conference sessions here at the ABACE

March 28, 2012, 4:30 AM

The exhibit hall at ABACE 2012 was bustling with potential buyers eyeing new opportunities in this region.

March 28, 2012, 4:30 AM

Avion Pacific and Hawker Beechcraft sealed a $50 million deal yesterday for 10 Beechcraft King Air twin-turboprops.

March 28, 2012, 4:14 AM

Helicopter operators in China face the same regulatory and infrastructure impediments that their fixed-wing counterparts do. To learn more about how helicopters can be better accommodated in the Asian country, AIN sat down with Helicopter Association International president Matt Zuccaro at ABACE 2012.

March 28, 2012, 3:40 AM

The Jet Business is here at ABACE 2012 looking for a second venue to capitalize on the success of its novel private jet “showroom” in London’s exclusive Knightsbridge district.

March 28, 2012, 3:30 AM

Steve Forbes was the keynote speaker at Wednesday night’s ABACE gala dinner held at the Hongqiao Hilton hotel. The U.S. businessman, who is chairman of the Forbes Media group, is a passionate advocate for business aviation.

March 28, 2012, 3:20 AM

Commercial aviation is the biggest impediment to business aviation’s growth in Asia, according to Tay Tiang Guan, deputy director general of the Civil Aviation Authority of Singapore (CAAS). Speaking at the ABACE show conference session yesterday, Tay admitted that the rapid growth of the commercial aviation sector is taking the lion’s share of regulators’ attention and dominating airspace.

March 28, 2012, 3:10 AM

China is facing a chronic shortage of pilots to fly its growing fleet of business aircraft.

March 28, 2012, 3:00 AM

Hong Kong-based Metrojet (ABACE Booth H326) announced that it expects the U.S. Federal Aviation Administration to grant it approval in April to maintain Embraer Lineage 1000 and Legacy 600/650 jets. 

March 28, 2012, 2:55 AM

TAG Aviation Asia (ABACE Booth H102) said company officials are still in discussions with Chinese charter operator Lily Jet over a partnership that would enable the two companies to benefit from their respective air operator certificates.

March 28, 2012, 2:50 AM

Last year’s announcement of schemes aimed at opening some lower-altitude airspace (LAA) in China offered a glimmer of hope to the rotary-wing sector that it would soon be easier to operate helicopters in the country. However, there is still some way to go before the industry can grow much further, as officials grapple with how to manage airspace once the experiments finish.

 
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