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China's Business Jet Market Expected to Reach $9 Billion Within 10 Years
China's Business Jet Market Expected to Reach $9 Billion Within 10 Years

(August 9) – The number of Chinese able to afford their own aircraft is growing steadily, and as government restrictions are eased, China's business jet market is positioned to take off. The number of jets is expected to rise from about 20 to over 600. Word is that Canada's Bombardier is vying with Embraer SA of Brazil and Gulfstream for a piece of the private jet market in China - where the economy is growing at nearly 10%. A recent report said that Embraer had recently completed the sale of a 13-seat jet to a Chinese buyer for $21.5 million. Air China began operating charters last year with one Gulfstream aircraft. Shandong Airlines and Hainan Airlines are also now offering business jet services.

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