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People's Daily Online>>China Business

Chinese market excites at business aviation conference

By Hu Tao,Jia Yuankun and Mao Haifeng (Xinhua)

15:25, March 27, 2012

SHANGHAI, March 27 (Xinhua) -- With their more traditional territory hit by the global economic downturn, the world's aviation giants are rubbing their hands with glee over a take-off in demand for business jets in China.

At the 2012 Asian Business Aviation Conference & Exhibition (ABACE), which kicked off on Tuesday in Shanghai, there is real excitement at the opportunities presented by Chinese economic growth and the country's increasing population of nouveaux riches.

Of the 155 business aircraft sold globally by Boeing since 1999, 10 have gone to clients in China, including three last year, Steve Taylor, president of Boeing Business Jets (BBJ), told Xinhua at the conference.

And BBJ is expecting to sell another three to five of the jets, whose unit price is over 57 million U.S. dollars, to Chinese clients in 2012, Taylor added.

The ABACE sees 30 luxurious business jets open to visitors at the landing field of Hongqiao Airport from March 27 to 29. And it has attracted over 150 international enterprises in business aviation, including Boeing, Airbus, Bombardier, Cessna and Dassault.

Dassault is eyeing robust sales growth this year in China, which has topped the global sales of its Falcon series of business aircraft, said an official with the French manufacturer.

The company predicts it will have sold 25 of its Falcon family business aircraft to China by the end of 2012, which would triple their current number in the country, according to Frank W. Youngkin, Dassault Falcon senior vice president of customer service.

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