SINGAPORE : Demand for private jets continues to rise in
the Asia Pacific region, with more high net-worth individuals and
recovering economies propping up growth in the sector.
According to industry players who were in Singapore for
the recent airshow, Asia is fast overtaking Western countries when
it comes to the private jet sector.
And it is not just high net-worth individuals driving demand.
David Dixon, VP, Business Aircraft (Asia Pacific), Bombardier,
said: "Regulatory changes, the politics of business aviation is
being better understood in China and India..."
And observers said the push for demand when it comes to private
jets in the region will also come from high rollers who are
expected to arrive here once the two integrated resorts with
casinos are fully opened in Singapore.
Luis Carlos Affonso, Executive VP, Executive Jets, Embraer, said:
"Casinos, as many other industries will, for sure, improve the
number of planes flying around. The Asia Pacific market is one of
the most important markets for business aviation. We believe this
region will represent 12 per cent of the total market in the next
10 years."
And that can only mean clear skies ahead for the region's business
aviation sector.
- CNA/ms