How large the private aircraft market is in China in the end

Recently, some foreign media predicted that "China's private jet ownership will exceed the United States within 10 year and rank as the largest in the world." So, How large the private aircraft market is in China in the end?

Managing Director Justin • Lee • Firestone of Private jet consulting firm Firestone Management Group said that according to a conservative estimation, in the next three to four years, the total sum of China's private plane will reach 500. Dai Weixin, vice president of sales for Asia Pacific in the world's largest manufacturer Bombardier, said Bombardier planed to establish a China-centered, covering the entire Asia-Pacific region's world-class service and support network. At present, the company has invested $ 30 millions to support the Asia-Pacific regional operations. Over the past year, China has become the biggest buyer of Bombardier private jet.

In addition, the Dassault aircraft company in France has moved its sales headquarter in Asia from Kuala Lumpur to Beijing. Boeing's main rival, Airbus announced that the focus of private jet business would be gradually to Asia, especially China.

U.S. media have passed the latest news that private aircraft manufacturer Hawker Beechcraft , deriving from the combination of Goldman Sachs and Onex Corp, said it was negotiating for the establishment of a joint venture in China, which is expected to achieve production of aircraft in China.

"Up to now, China's market share is less than 1% of the world." president John • Walloon of France's Dassault aircraft company said, "according to current trends, China's private jet market in the next five years will grow to 10% of the total in the world . " Asia's largest private jet aircraft sales business in Asia • CEO Michael Walsh is optimistic that within the next 10 years, the Chinese market will annually grow by 20% to 25%.

The prediction made by Bombardier shows that in 2011 to 2020, the number of delivered private aircrafts in China will reach 960. And during the years among 2021-2030 period, the number will reach 1400. According to the industry inners’ expectations, the number of the potential customers who afford a private jet in China will be more than0.3 million.

What pleased the manufacturers the most is that the Chinese government may give a hand to the private jet industry.

Last January, China's aviation authorities allowed a few private aircrafts low-flying in Hainan. and airspace lower than 1 km around Changchun, Shenyang, Guangzhou is expected to be opened later this year. In addition, the first private aircraft facility has been used before the opening of the 2008 Olympic Games in Beijing; special facilities for private aircraft in Shanghai Hongqiao have been opened in 2010; Last December, the base for private aircraft built in Shenzhen was opened.

It takes at least 400,000 Yuan a month to use a private aircraft and the private aircraft maintenance costs are so high that they have become one of the biggest obstacles for many Chinese people to own a private jet.

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