While personal wealth is on the rise in Asia (in fact, Asians have overtaken Europeans on the Forbes list of billionaires), China dominates expectations despite some complex issues, according to Liz Moscrop of AIN Online.
Jean-Noel Rober, Airbus Corporate Jets area sales director for Greater China, Japan and Korea and Asian Business Aviation Association (AsBAA) chairman, explains “one major area of difficulty is in finding people to manage and support any new aircraft. He said that management firms in Hong Kong, for example, are turning down opportunities to operate jets simply because they do not believe they can support them adequately in the places where they owners want them to be based. ”
Asia Jet in Hong Kong, which sells both jet card membership and ownership programs, is busy even though aircraft are in short supply.
CEO Mike Walsh says:
”There is certainly the will to fly privately, even though there is a lack of aircraft at the moment.”
Further, Business Aviation Asia (BAA) is expecting to have 34 jets by the end of 2011, and even more next year. BAA currently manages 23 private business jets, most of which are based in Mainland China.
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