March 29, 2016 · David Dixon
Written by David Dixon, President, Jetcraft Asia
The Asia-Pacific region, though currently tempered somewhat by China’s economic challenges, should not be discounted by the business aviation industry. Where China dominated attention in years past, focus today takes into account growth more broadly, encompassing nations such as the Philippines, Thailand, Indonesia, Malaysia and Singapore.
Today, Asian business leaders and many governments are realizing the benefits that business aircraft can offer in terms of stimulating their economies and contributing to long-term regional growth. Jetcraft’s 10-year Market Outlook report projects that Asia-Pacific will account for 12% of the business aircraft deliveries total worldwide through 2024, representing 1,050 units.
Indeed, this is the time of year when much attention across our industry turns to Asia. Key tradeshows and exhibitions are underway, such as the Singapore Airshow that occurred last month, and the upcoming annual ABACE 2016 event taking place in Shanghai next month.