HK Bellawings Jet (Booth C117) has firmed up an order for four Bombardier Global 7500 business jets, exercising its purchase rights from a deal signed in September 2018. At the time, HK Bellawings ordered four Global 6500s and two Global 7500s. The total value of the deal, including options for 12 more Globals, was worth around $1.14 billion at list prices. The new order is worth $291 million.
Currently, HK Bellawings has a fleet of 25 aircraft, including five Gulfstream G550s and two Boeing BBJs. In 2018, it added two G450s, two G650s, and one Bombardier Global 6000 to its fleet. It is also looking to further expand its capabilities and services after seeing increased income in 2018, as the company hits the five-year mark since commencing operations. The Hong Kong-based operator gained 24 percent year-on-year in revenue for 2018.
Despite its primary focus on aircraft management, company president Y.J. Zhang said that there are opportunities to dwell deeper in the area of maintenance and services, after receiving feedback from clients.
“We have achieved HKAR-145 approval by the Hong Kong Civil Aviation Department (HKCAD) and could provide more professional and comprehensive maintenance services as well as undertake third-party aircraft maintenance services within the scope of authorization,” he said. “An aircraft maintenance facility is part of a bigger picture. We are open to appropriate opportunities in investing in MRO facilities and other business jet-related projects.”
Zhang said that Bellawings has noticed a preference from its clients on China–Europe routes, especially to France and the UK, for long-range, large-cabin aircraft.
“In addition, the Asia business aviation market is gradually developing, in fields such as infrastructure, and has many more [areas] to develop. China is entering an era where development has become multi-directional. The industry is growing and becoming more mature. Thus, clients are becoming more knowledgeable,” he said.
“We are committed to providing comprehensive flight experience to our clients and we are also keeping an eye on the opportunities to explore partnerships with more luxury brands, travel concierge services agencies, and high-end jewelry brands.”
Participating at ABACE for the fifth time, HK Bellawings says it will announce a series of developments and new partnerships at the show.