Media
China the next must have private jets
The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its first airport dedicated to this sector by 2015. But before it can really take off, regulations will need to be tightened to ensure that safety standards are met. At Asia’s largest business aviation event held in Shanghai, nearly 30 models of private jets were on display.
China the next must have private jets
The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its first airport dedicated to this sector by 2015. But before it can really take off, regulations will need to be tightened to ensure that safety standards are met. At Asia’s largest business aviation event held in Shanghai, nearly 30 models of private jets were on display.
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