- June 17, 2010, 1:21 PM
According to Airbus Corporate Jets, as business jet use becomes more widespread in mainland China–which is growing increasingly hospitable to general aviation operations in the country–the aircraft will make an important contribution to further expanding its economy. “When a company uses a corporate jet, the productivity of its executives is multiplied, allowing them to manage the business more effectively, especially in today’s increasingly global economy,” Airbus COO for customers John Leahy said. “Corporate jets…[allow] freedom of movement in a way that encourages business…and can be a sound investment.” Airbus forecasts a market for around five bizliners (the smaller of which start at more than $50 million apiece green) a year in Asia-Pacific–the majority of them in mainland China–to replace existing aircraft and provide for growth. The European consortium expects to win at least half of this market and has so far logged orders for about 20 ACJs and its other bizliners for Chinese customers. Chinese Airbus corporate jet customers and operators include Air China Business Jets, BAA Jet Management, China Sonangol and Beijing Capital Airlines (previously Deer Jet).