Supporting industries booming due to China’s soaring private jet market Posted: 14 June 2011 2244 hrs SINGAPORE : Economic powerhouse China is expected to see a surge in the number of private jets in Asia within the next five years. But experts said the biggest winner will be the supporting industries such as aircraft chartering and maintenance that will see new growth opportunities. China, which has over 110 private jets now according to industry data, is expected to overtake Australia & Oceania – the largest now at over 160 private jets. China’s market is booming because its registered private jets are a fraction of the 15000 jets registered in the US, but the world’s second largest economy has 4 times the population of US. Leithen Francis, Asia editor at Aviation Weekly said: “Unlike the United States where you tend to get an individual or company that’s maybe owned business jets for decades, so they trade in their old business jets to get a new jet, what’s different about China is that 90 per cent of customers are new to business aviation; they have never operate business jets before.” And secondary industries like aircraft chartering companies are on the rise, as private jet demand grows in the region. Jet chartering firm Chapman-Freeborn said it has seen new customers from its recently launched aircraft booking application. “A lot of people are spending their time on phone devices, smartphones and we want to implement the private jets usage into these devices just …

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