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September 4, 2012

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Demand boosts business jet traffic by 43%

BUSINESS jet traffic at Shanghai's two airports in August rose 43 percent annually amid growing demand from rich individuals and private firms.

The increase translated into 311 departures and landings last month. In the first eight months of the year, 2,700 business jets took off and landed at Pudong and Hongqiao international airports, up an annual 24 percent, said George Lu, deputy general manager of the Shanghai Hawker Pacific Business Aviation Service Center at Hongqiao airport, yesterday.

"More Chinese are buying business jets as the mainland market has entered a rapid growth period just as that of the civil aviation market in the country 10 yeas ago," Lu said.

The growth has prompted Dassault Falcon, a French business jet maker, to launch its maintenance business in Shanghai yesterday, the third after Hawker Beechcraft and Bombardier, Lu said.

Kathy Liu, Dassault Falcon director of customer service for Asia Pacific, said China's private enterprises have become major buyers of business jets "as all the 20 Dassault business jets on the mainland are owned by private enterprises." A high-end Dassault jet costs about US$53 million.

Shanghai's airports handled 3,400 private jets last year, 33 percent of the total on the mainland, and the number may top 4,000 this year.

Shanghai plans to build its second business aviation base at Pudong airport to meet the demand, the Shanghai Airport Authority said. The Hongqiao base began operations in 2010.




 

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