“The population of wealthy [individuals] and their wealth [itself] is growing rapidly in China,” said Sean McGeough, Hawker Beechcraft vice president Europe, Middle East, Africa and Asia, at a press conference here at ABACE yesterday. There are now 1.3 million high-net-worth individuals with a combined wealth of $4.3 trillion in China, he said.
All ABACE 2012 News
Cessna Aircraft is making an aggressive move into Asia with plans to manufacture aircraft in China in partnership with Aviation Industry Corp. of China (Avic) and the Chengdu provincial government.
CRS Jet Spares and AGA Logistics and Parts signed a memorandum of understanding (MOU) yesterday to form a new Singapore-based joint-venture company, CRS Asia, to support business jets operating in Australia, Southeast Asia and China.
Hong Kong’s Metrojet and California-based Solairus Aviation have formed a strategic alliance to offer aircraft management and charter services in Asia. The two companies, respectively holders of Hong Kong and U.S. air operator’s certificates, provide owners with the ability to offer their aircraft for charter to offset aircraft ownership costs.
VistaJet is expanding its program-based charter network through an alliance with Beijing Airlines, Air China’s private aviation subsidiary. A memorandum of understanding (MOU) signed here at the ABACE show yesterday sets the stage for VistaJet to establish a base in Beijing and eventually provide point-to-point service within China.
The official launch of Hong Kong’s Asian Sky Group, a new business-aviation consulting firm, took place yesterday here at the ABACE show in Shanghai. Backed by Seacor Capital and Avion Pacific, Asian Sky is a strategic venture designed to leverage the two firms’ businesses and networks.
CAE is launching training services for business aircraft pilots and mechanics in Asia. From later this year and extending into 2013, the North American company will introduce programs covering the following seven aircraft: Bombardier’s Global 5000, Global Express and Global XRS; the Gulfstream G450 and G550; Dassault’s Falcon 7X; and the Sikorsky S-76C++ helicopter.
India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the Embraer Legacy 600 it imported for charter services in 2009.
China’s newest charter operator–AllPoints Jet–ordered a pair of Gulfstream jets yesterday. The long-range G450 and G550 aircraft will be delivered in the first quarter of 2013 to the company’s base at Chengdu International Airport, from where AllPoints provides charter, management and maintenance.
Flight planning and support group Jeppesen (Booth H607) is introducing enhancements for two of its products. Consolidated and customized flight-planning assistance is now available through its FlightSupport Services, along with new route-planning functionality for its Jeppesen Mobile FliteDeck app for iPad.