Business jets may soon become more commonplace in China

Reuters had a story on “Business jets size up China’s rich” (Via CNN)

“China’s growing billionaire club is attracting makers of champagne-and caviar-stocked private jets, but regulations and other barriers to entry are keeping the potentially lucrative business grounded.

Lack of airport infrastructure, high landing fees set by the government, restrictive military control of much of China’s airspace and policies that hinder individuals and companies from operating private jets are just some of the obstacles.

But some of the restrictions are slowly being eased and private estimates put China’s business jet market at over $9 billion within 10 years, with the number of jets expected to rise from a couple of dozen to over 600. ”

Categories : ,

Tags :

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.