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Chinanews, Beijing, Apr. 30 – It is estimated that over the next ten years, Chinese business aviation market will develop the fastest in the world, with at least 600-1,200 business planes needed every year. The market might generate 60 billion yuan of business revenue every year.
At present, Chinese business aviation market in still in elementary developmental stage. However, as Chinese economy continues to grow fast and China further opens, the prospect1 of domestic business aviation market is very promising2. On Saturday, the Asia Business Plane Co., Ltd. was established in Beijing. Jointly3 set up by Shenzhen Airlines, Hong Kong Asia Business Air, and the National Trust & Investments Ltd., the Asia Business Plane Co., Ltd. is the first joint-stock company set up between the mainland and Hong Kong in dealing4 with business plane production. Establishment of the company is prompted by the needs of domestic economy and domestic aviation industry. In future, the company will boost domestic aviation industry to operate more in line with international common practices and it will play a significant role in pushing forward domestic aviation transportation industry, especially the development of Chinese business aviation industry, experts say.
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