“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
China's Bizjet Registry Soars into Triple Digits
China's business aviation sector took a leap forward last year when the number of private jets registered in the country reached 116, according to a report from the Firestone Management Group. The report, which advises companies how to break into the emerging Asia-Pacific market, covers jets registered as of January 15 in the People's Republic of China, Hong Kong and Macau. According to managing director Justin Lee Firestone, the past few years have seen increasing sales of midsize aircraft in the Greater China market, which has previously been dominated by large-cabin jets. Gulfstream Aerospace continues to lead in the Chinese market, with 43 aircraft sold there to date, accounting for a 37-percent market share. Cessna has 24 Citations in China (21-percent market share); Bombardier has 21 jets there (18 percent); Hawker Beechcraft has 18 (15 percent); and Dassault, Airbus and Boeing, respectively, have six, three and one.