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Aircraft & Manufacturers
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EVERETT, Wash., Aug. 27 /PRNewswire-FirstCall/ The Boeing (NYSE: BA) Company said today that it ... | | |
Cabin management systems (CMS) have come a long way in the last few years. I still have vivid ... | | |
Rolls-Royce Group Plc has yet to reopen a site used to trial jet engines for Boeing Co.’s 787 ... | | |
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Airlines business
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SEATTLE, Aug. 26 /PRNewswire-FirstCall/ Boeing (NYSE: BA) and Vietnam Airlines have teamed on a ... | | |
Emirates, the biggest Arab airline, will start flying the Airbus A380 super-jumbo aircraft on the .. ... | | |
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Business jets
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| Satuday, 07/09/2010, 04:24:20 AM | | | | Chinas rich flying high in private jets | | | Comment | Send To E-mail | Print | | | | BEIJING - Flight delays, traffic jams and the need for privacy have led Chinas super rich to travel by private planes, though space and flight restrictions can still make it difficult for them to take off. Insiders warned the restrictions could put a damper on the demand for private planes, while the desire for more convenient transport may drive this class of traveler to resort to the use of charter flight services.
Private aircraft manufacturers and dealers agreed that China and other Asian countries are becoming increasingly important markets, as their traditional customers in the United States and Europe continue to struggle with economic recovery.
The most optimistic forecast so far, made by Hong Kong's Asia Jet CEO Mike Walsh, was that China would surpass the US in terms of possessing the largest number of private planes in the world. The US currently has 200,000 private planes.
Other industry insiders disagreed with the forecast and projected an annual growth of 20 percent as a more rational estimate.
"Only when the current difficult approval procedures are removed can the demand for private aircraft ownership achieve explosive growth," said Yang Xiaonong, one of China's earliest private plane consultants who has sold more than a dozen private planes since the 1990s.
Due to the complicated procedures, only 30 private planes are registered with the civil aviation authorities, he estimated.
Many other private planes have no "legal identity" and are flown stealthily, without reporting their flight plans to air traffic controllers.
Earlier this year, civil aviation authorities in Zhejiang province detected three illegal plane flights, whose owners were punished.
The difficulty of meeting all three requirements - a pilot license, a registered plane and approval of the flight plan by air traffic control - has placed most private plane owners in a dilemma.
Yang said one of his customers, who owns hotels in Dongguan, Guangdong province, can only fly from his hotels to nearby beaches.
Only a small number of corporate users regularly use their business jets by paying professional companies millions of yuan each year to handle the logistics.
"But the limited number of airports in the country and other restrictions will always impede growth," Yang said.
Meng Pengjun, chairman of Shenzhen-based Asia-Pacific Business Aviation Company Ltd, said that since there are a limited number of people who can afford their own planes, private jet charter services are likely to become lucrative in China.
Source: Chinadaily | | | |
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| | | Chinas rich flying high in private jets | | | BEIJING - Flight delays, traffic jams and the need for privacy have led Chinas super rich to travel by private planes, though space and flight restrictions can still make it difficult for them to take ... | | |
| | Japan issues request for information for VIP jets | | | Japan has issued a request for information for business aircraft to provide VIP transport for the countrys top politicians. It is unclear however if the government will proceed with a deal. | | |
| | Airbus Corporate Jet Centre delivers VIP Conversion Kit for a multi-mission A320 | | | Airbus Corporate Jet Centre (ACJC), the specialist in ACJ VIP cabin completion and associated services, has just delivered and installed in less than 8 hours a VIP Conversion Kit in an Airbus A320 for ... | | |
| | Final G250 enters flight-test programme | | | The third and final Gulfstream G250 business jet has joined the 1,300h flight-test programme, six months after the campaign began. | | |
| | Metrojet adds first BBJ to fleet | | | Hong Kong-based Metrojet has added its first Boeing Business Jet to its fleet of managed aircraft. | | |
| | BA launches private jet partnership | | | British Airways has unveiled a partnership with US private aviation company CitationAir, giving its customers “pay-by-the-trip” access to aircraft within North America and the Caribbean. | | |
| | Gulfstream adds third aircraft to G650 test fleet | | | Gulfstream has added a third flight test aircraft to its G650 certification fleet, a vehicle that will be used primarily to measure aerodynamic loads and test the ultra-long range twins PlaneView avio ... | | |
| | SPA selects 7X for global and Middle East charter | | | Saudia Private Aviation (SPA), the business aviation unit of Saudi Arabian Airlines, has taken delivery of the first of four Falcon 7Xs. "This marks the first Falcon 7X delivery in Saudi Arabia," says ... | | |
| | Hawker Beechcraft planning single-engined turboprop | | | Hawker Beechcraft(stand 7080) has advanced plans to offer a single-engined turboprop clean-sheet design aimed at the utility market, according to industry sources. | | |
| | Lao start-up carrier plans to take up to nine Superjet 100s | | | Sukhoi has secured another tentative customer for its Superjet 100 after a start-up Lao carrier, identified as Phongsavanh Airlines, signed for up to nine of the type. | | |
| | EBACE: Learjet 85 assembly to begin mid-year | | | Bombardier will begin building composite parts for its largest, fastest and longest-range Learjet to date, the Learjet 85, at facilities in Wichita and Queretaro, Mexico by mid-year, says programme ma ... | | |
| | EBACE: Eurocopter unveils Mercedes-Benz style EC145 | | | Eurocopter (stand 7010) has unveiled a new EC145 design concept developed by Mercedes-Benz. | | |
| | Russia certifies VIP variant of Tu-204 | | | Russian certification authorities have approved the latest variant of the Tupolev Tu-204, an executive version of the twin-jet. | | |
| | Airbus predicts surge for large corporate jets in Asia-Pacific | | | Airbus forecasts a market for around five "large corporate jets" a year in the Asia-Pacific - the majority of them in greater China. The demand for aircraft seating 15more passengers will come from cu ... | | |
| | | Bombardier expects slow recovery in business jet market | | | Bombardier is seeing gradual improvement in demand for business jets, but warns that new-aircraft prices remain depressed and it will be at least a few more months before prices return to normal level ... | | |
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VALC News
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VALC (Vietnam Aircraft Leasing Company) has mandated Calyon as sole arranger of the export credit .. ... | | |
Hanoi - On April 22, 2009, Vietnam Aircraft Leasing company (VALC) and Vietnam Airlines Corporation ... | | |
On 6th, May 2008 in Hanoi, Vietnam Aircraft Leasing Joint Stock Company (VALC) held the Annual ... | | |
Five big State-owned companies have aunounced a plan to contribute capital to set up the first ... | | |
Foreign investors are likely to be invited to buy into Vietnams first ever aircraft leasing ... | | |
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