Posted on January 13th, 2019
A report released this week by global business advisory firm, AlixPartners, confirms a growing demand for business jets in China.
To date the country has accounted for a very low proportion of the business jet market, both relative to its size in the global economy and to its number of high net-worth individuals – accounting for only 1% of the global business jet fleet in 2010.
However, deliveries have grown 31% annually over the last four years and China is expected to continue outperforming the wider market. AlixPartners predicts that the Chinese business jet fleet will increase seven-fold by 2020, and double in size again by 2030.