New Survey Examines Chinese Bizjet Market
With this year’s Asian Business Association Conference & Exhibition (ABACE) now less than three weeks away, aircraft brokerage firm Asian Sky Group has released a comprehensive survey of the number and types of business jets operating in China. According to the Hong Kong-based company’s report, the fleet of private jets in the greater China area numbered 336 as of the end of last year, with 57 percent based in mainland China and 33 percent in Hong Kong (the remaining 10 percent presumably based in Macau and Taiwan).
Overall, Gulfstream and Bombardier accounted for 65 percent of the in-service fleet in China, which is dominated by large-cabin-class and larger jets. Last year saw 96 business jets added to the regional fleet, for a 40-percent growth rate. Of these jets, 60 went to mainland China, a strong increase over the 43 added in 2011.
Among the mainland-based operators, the survey found that just four management companies–Capital Airlines/Deer Jet, BAA, Beijing Airlines and China Eastern–account for 55 percent of the business jets in use there.