Asia is set to be at the epicenter of a resurgence in business jet sales, according to Honeywell Aerospace’s latest market forecast. In the most recent survey, 58 percent of operators in Asia indicated that they intend to replace or expand their fleets over the next five years. This was step up from the 2008 survey, when almost 50 percent had said they would buy new aircraft following a nine-point gain that year compared with 2007.
Maintenance, repair and overhaul (MRO) service providers are here at the Singapore Airshow chasing more market share in a still-promising Asia-Pacific region.
The General Administration of Civil Aviation of China (CAAC) last week confirmed that it is relaxing the lead time for flight plan filing from six days to three hours, though only for Chinese-registered business aircraft. According to the CAAC, this includes any B-numbered aircraft, even those registered in Hong Kong and Macau.
After 18 months and approximately $6.9 million, Ameco Aviation College (AAC) on Beijing Capital International Airport has opened the doors on its new addition. The four-story, 27-classroom portion of the building and two-story attached workshop feature a solar heating system and extensive building insulation to reduce energy consumption.
“Last year was a great year for business aviation in Asia, especially the Greater China Region. I believe it was a record year of growth. We had more aircraft deliveries, more new operators started and more investment into business aviation infrastructure,” said Jason Liao, sales director for China at Bombardier Business Aircraft.
Chinese airlines expect to take delivery of 241 aircraft this year, including 16 delayed deliveries from last year, according to the Civil Aviation Administration of China (CAAC). Although leases on 43 airplanes are expected to expire this year, available seats will increase by 16 percent with the addition of the new deliveries, CAAC said.
Airbus officially opened its first final assembly line outside Europe today in front of official dignitaries and 600 guests gathered for the inauguration of the new A320 facility in Tianjin, China.
Bombardier’s Flexjet Asia executive charter network is expected to begin operations during the second quarter. The program was announced at the NBAA Convention in December.
“I don’t think I’ve ever been so optimistic about the Asian business aviation market, especially in North Asia and China,” Jason Liao, Hawker Beechcraft’s regional vice president for China and Southeast Asia, told AIN.
The development of a composite and metal bond component repair station is in progress in the Asia-Pacific region as a joint venture between Spirit AeroSystems and several major aviation companies.
Spirit will partner with Hong Kong Aircraft Engineering Company and its subsidiary, TAECO, along with Oklahoma-based First Wave MRO, to establish a regional service center near TAECO’s facility in Xiamen, China.