Business jet builders geared for expansion as demand takes off (4)

According to industry insiders, as many as 48 operators are preparing to start business this year, but the failure rate could be high.

Some Chinese business jet operations have closed, even before their first aircrafts were built or delivered.

"No more than 20 operators will survive in this market," said Gao Yuanyang, director of the General Aviation Industry Research Center of Beihang University.

"Any successful operator needs a fleet of at least 15 aircraft."

wangwen@chinadaily.com.cn

We recommend:
China's first rail to 'sea of death' starts operation	Sales of Samsung's Galaxy Note 2 tops 5mmark	Beijing-Guangzhou high-speed rail to open
10th China Int'l Automobile Exhibition concludes	Shanghai Center Tower to rise over 400m	New wave of communication tools
HK's MTR buys first China-made locomotives	China's savings rate world's highest	Self-owned brands account for 11% of exports