Reed Exhibitions has partnered with Asian Business
Aviation Association (AsBAA) to launch a new event - Asian Business
Aviation - as an addition to its Asian Aerospace Show, which is scheduled for
September 8-10, 2009 in Hong Kong.
The new partnership will facilitate a
networking platform and dedicated conference for the business aviation
fraternity at the popular show which joins the world’s top buyers and
service suppliers in the aviation industry with Asia.
Although a relatively new entity in Asia, and despite the world economic
turndown, 2008 was a record year for the business aviation market,
especially in Mainland China. Accurately predicted by industry experts,
Asia’s aviation market has experienced substantial growth over the past
ten years and continues on an upward trend.
demand in China remains high with an increase in jet sales and charters
throughout the region. No longer just projecting a positive corporate
image, modern day jet transport is often seen as a ‘time maximizer’
demonstrating significant cumulative returns, flexibility benefits, and
subsequently leading to improved overall corporate performance.
Tourism (primarily casino activity) attracts millions of
visitors from China and Hong Kong to Macau each year. By 2006, gambling
revenues from the casino boom had exceeded those from Las Vegas.
Undoubtedly, this has become a key driver for the growth of jet
operators such as Jet Asia. Some 80% of the new orders being placed for
business jets are for private use.
A large number of
aircraft management companies have set up bases in Asia and offer
regular routes from their US. and EU bases. At most major airports, VIPs
can enjoy specialized services including: customs expedition,
immigration and quarantine (usually without leaving the aircraft) and
ground transportation - all with increased security and anonymity.
Despite existing cultural differences and remaining
bureaucratic complications, the gap between east and west is closing
with improved airport infrastructure, enhanced routing
and largely ‘good service’ throughout the region.
Excessive import duty and VAT on the mainland currently
remain challenges, but this is changing alongside the
rapid growth and increased government awareness and
interest in the industry.
Additional and gradual improvement in
regional maintenance includes: FAA-approved MROs
(Maintenance, Repair, Overhaul) through Metro Jet in
Hong Kong, Jet Aviation in Singapore, Beijing and Kuala
Lumpur and Beijing-based Ameco, an Air China, Lufthansa
Airlines joint venture (1989) for larger aircraft
maintenance, additionally offering training, logistics,
engineering and tooling calibration for China’s aviation
“Asian Business Aviation at Asian
Aerospace 2009 is definitely the most important show of
the year for AsBAA members. The show will provide an
excellent networking platform for the business aviation
community to exchange information and discuss the
market's current challenges. The outlook for Asian
business aviation continues to be promising. The
region’s population, economic activity and the need for
executive transportation to cover distances between key
locations is tremendous, and I believe the event will
help promote industry collaboration and provide a sales
opportunity for your clients. We look forward to seeing
all of you in Hong Kong this September.” said Chuck
Woods, Chairman, Asian Business Aviation Association.
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