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Firms, tycoons eye private jets at show

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 Yang Jian and Zha Minjie (Shanghai Daily) JIABEI Yanzi, a coal mine boss from northern China, glimpsed a light Piaggio private jetand soon moved her eyes onto the nearby Boeing 737-700 business jet that was farbigger and cost more than US$30 million. “I’d like to buy this one, as the first one is too small for me,” said Jiabei, vice chairmanof the Yulong Group in Shuozhou, a city

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Firms, tycoons eye private jets at show


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 Yang Jian and Zha Minjie (Shanghai Daily) JIABEI Yanzi, a coal mine boss from northern China, glimpsed a light Piaggio private jetand soon moved her eyes onto the nearby Boeing 737-700 business jet that was farbigger and cost more than US$30 million. “I’d like to buy this one, as the first one is too small for me,” said Jiabei, vice chairmanof the Yulong Group in Shuozhou, a city

...Continued

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