The general theme of all the speakers at the ABACE opening session this morning was one of cooperation of efforts to bring a vibrant and viable business aviation industry to China. “Business aviation generates jobs, allows companies to be productive and efficient and helps the country in times of natural disaster,” said NBAA president and CEO Ed Bolen.
The China Corporate Jet Alliance, founded last year at ABACE as the “China Business Jet Shanghai Alliance” to promote the sustainable growth of the business aviation market in China, inducted four new members today at ABACE 2013.
While already known as Asia’s biggest business jet leasing firm, Minsheng Financial Leasing (MSFL) quietly launched its own aircraft operating unit today at ABACE. The company recently purchased Beijing-based charter provider Citic General Aviation, which operated a small fleet consisting of a Dassault Falcon 900DX, 2000 and 7X, and is in the process of rebranding it into a new subsidiary known as Minsheng International Jet.
Hong Kong-based business aviation consultancy Jetsolution International Services announced a partnership with Switzerland’s Global Jet today at ABACE. Under the agreement, Global Jet will support Jetsolution in providing its clients with aircraft-acquisition assistance and associated services, such as registration, compliance and operational services. Jetsolution will also use the services of Global Jet’s sister company, Pegasus Design, to assist its customers with cabin completion and refurbishment needs.
Hong Kong-based Metrojet has teamed with Zhuhai Hanxing General Aviation Co. to expand its business jet maintenance business into mainland China, the companies announced today at ABACE 2013. Located in a newly built 15,000-sq-ft hangar at Zhuhai Airport, Metrojet Hanxing now offers the same full range of maintenance, repair and overhaul (MRO) services–in addition to authorizations for the same list of OEMs–as that at Metrojet’s facility at Hong Kong Chek Lap Kok International Airport.
Lufthansa Technik has signed a two-year contract with an undisclosed VIP customer in Asia to provide comprehensive technical support for two Airbus ACJ319s, the Hamburg, Germany-based company announced today. The support contract extends from line maintenance to full provisioning with components and materials, including logistics, maintenance management and CAMO services. The company will provide maintenance support out of its worldwide service network.
Boeing Business Jets celebrated the 40th year of Boeing commercial sales in China and the delivery of the 1,000th Boeing airliner to the market, a 737-800 purchased by China Eastern Airlines, today at ABACE. Meanwhile, the company plans to deliver six green BBJs this year, four of which are destined for Asia and three of those are China bound. Seven BBJs will enter service this year, three in Asia, including one in China.
For all the excitement that business aviation is stirring up among Chinese high-net-worth individuals, there are two groups of products that they do not seem ready to embrace: light jets and pre-owned aircraft. For now, the market remains resolutely focused on larger, long-range jets and brand-new models ordered straight from the factory.
The U.S. Federal Aviation Administration has made progress in delivering some of the operational improvements that are envisioned by the NextGen ATC modernization effort. But to demonstrate those improvements sooner, the agency has also made “trade-offs” that could limit their overall benefit to airlines in the coming years, according to the Government Accountability Office (GAO).
“This is a milestone in the history of business aviation,” said NBAA president Ed Bolen at a press kickoff event for ABACE 2013 held in partnership with the Shanghai Airport Authority. “We’re delighted to be back in Shanghai.” The first ABACE was held in Shanghai in 2005. “With that initial show, we planted a seed,” Bolen said. “Thanks to a visionary number of leaders here in Shanghai and throughout the Chinese government, we’ve been able to see that seedling grow.”