According to a report by Beijing
Youth Daily on the Asian Business Aviation Conference and Exhibition
(ABACE) taking place in Shanghai,
the market for business jets may reach 60 billion yuan (US$7.4 billion) in ten
years. Robert Hollander, chief of sales for Cessna's Asia
division, quoted this figure despite the current state of the Chinese market.
There are only 42 business jets in China at present, and leaving off those used
for training and other specialized tasks, the total number engaged in business
charter flights is only 13." Of these thirteen, only two are owned by
private companies; the rest belong to the various national airlines.
ABACE chairman Liao Xuefeng identifies four reasons behind
the current slow rate of growth of China's business charter services.
airline routes are heavily regulated, so business jets, which require
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