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Global business jet manufacturers eye Chinese market (2)

By Shen Wenmin (People's Daily)

15:30, March 30, 2012

A market worth 1 trillion yuan

As one of the world's four major business aviation shows, the ABACE will be held in Shanghai annually for five years from 2012 to 2016, according to a long-term cooperation agreement signed between Shanghai Airport Group and the Washington-based National Business Aviation Association in June last year.

Domestic civil aviation authorities estimate that China will need thousands of general aviation aircraft in the next few years, creating a huge market worth around 1 trillion yuan, or 152.3 billion U.S. dollars.

Read the Chinese version at http://paper.people.com.cn/rmrb/html/2012-03/29/nw.D110000renmrb_20120329_6-10.htm

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