flying-solo-corporate-jet-ownership-snags

Flying solo: Corporate jet ownership snags

If you own a corporate jet in Hong Kong or China be mindful of these operational issues.

Guy Facey, Withers

November 28, 2008

The Asian corporate jet market continues to expand. In August, Metrojet took delivery of a Gulfstream G550 in Hong Kong, while Execujet opened new facilities in Singapore and launched in Beijing. In the US, despite a decline in charter demand in 2008, CessnaÆs second quarter business jet sales were up by 21% with an increase in deliveries expected next year and the development of very light jets continuing apace.

Contrary to the US, China and indeed Asia is still an emerging market for private corporate jets. China only has 100 airports compared with 10,000 in the US with high import duties on aircraft, a shortage of facilities û albeit improved due to the...

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