Overseas business jets bullish on Chinese market
04/19/2019|10:11:27 AM|Global Times

On Monday morning, dozens of business jets and helicopters manufactured by well-known aircraft companies like Bombardier, Boeing and Airbus were lined up for display at the 2019 Asian Business Aviation Conference & Exhibition (ABACE) at Shanghai Hongqiao International Airport.

The 8th ABACE came as the Chinese business aircraft market undergoes a "recovery period" as it slowly adjusts from a fast-growing period around 2013, one expert said. However, several overseas airplane companies said during the ABACE that they are still bullish on the outlook for China's business aircraft market. 

According to the Asian Sky Fleet Report released during the 2019 ABACE, the number of business jets declined by 2% on a yearly basis in 2018 on the mainland, down from 10% growth in 2017. 

In China, the size of the fleet decreased 0.2% in 2018, down from 8% growth the previous year. 

By the end of 2018, the Chinese mainland had a total fleet of 338 operational business jets, making it the largest market in the world for business jets. 

The number of new deliveries in the mainland increased from 16 in 2017 to 24 in 2018, but this was offset by a higher number of deductions - 15 in 2017 to 39 in 2018. 

China is planning to establish 500 general aviation airports and 5,000 general aviation aircraft by the end of 2020, according to the 13th Five-Year Plan for Development of General Aviation. 

China's general aviation airports certified by the Civil Aviation Administration of China increased from 175 in 2010 to 229 by the end of 2017, while the number of domestic general aviation aircraft increased from 1,010 in 2010 to 3,229 in 2018.

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