Hongqiao lands annual jet show

Shanghai Daily - - TOP NEWS - Winny Wang and Zha Min­jie

AT­TRACTED by China’s grow­ing num­ber of su­per rich, a United States busi­ness avi­a­tion as­so­ci­a­tion yes­ter­day signed a con­tract with the Shang­hai Air­port Author­ity to hold a busi­ness jet show in the city for the next five years.

The first Asia Busi­ness Avi­a­tion Con­fer­ence and Ex­hi­bi­tion will be held from March 27 to March 29 next year at Hongqiao In­ter­na­tional Air­port.

The Na­tional Busi­ness Avi­a­tion As­so­ci­a­tion event is ex­pected to have some 200 ex­hibitors and hopes to draw 5,000 to 6,000 visi­tors, in­clud­ing lead­ing man­u­fac­tur­ers, fi­nanciers, busi­ness peo­ple and high-rank­ing govern­ment of­fi­cials.

The show will fea­ture a dis­play of 30 of the most mod­ern air­craft.

Air­bus Cor­po­rate Jets, Boe­ing Busi­ness Jets and Bom­bardier Aerospace will be among the busi­ness jet pro­duc­ers at the event.

“In 2005, NBAA hosted the first busi­ness avi­a­tion event in China right here in Shang­hai. It was a small show at a time when very few peo­ple be­lieved in the fu­ture of busi­ness avi­a­tion in Asia,” Ed Bolen, pres­i­dent of the as­so­ci­a­tion, said.

“To­day, we not only have a beau­ti­ful hanger at Hongqiao that will be the site of the show, but we have also seen a longterm plan that in­volves the con­struc­tion of a ma­jor con­ven­tion cen­ter on air­port prop­erty.”

China is be­com­ing one of the fastest grow­ing mar­kets for busi­ness avi­a­tion with high net worth in­di­vid­u­als keen to own their own pri­vate air­craft.

The 2010 Hu­run Rich List said that one-sixth of 2,000 yuan bil­lion­aires on China’s main­land had plans to buy pri­vate jets or he­li­copters.

Shang­hai’s two civil air­ports han­dled 3,500 departures and land­ings of busi­ness air­craft in 2010, about 33 per­cent of the coun­try’s to­tal, the Shang­hai Air­port Author­ity said. That num­ber is ex­pected to rise to 6,000 over the next two to three years.

The govern­ment has pledged to re­form the coun­try’s airspace man­age­ment sys­tem and im­prove airspace al­lo­ca­tion.

The coun­try will need 10,000 to 12,000 air­craft in the gen­eral avi­a­tion field next year, ac­cord­ing to civil avi­a­tion au­thor­i­ties. The mar­ket value for re­lated in­dus­tries, led by gen­eral avi­a­tion, is es­ti­mated at 1 tril­lion yuan (US$154.7 bil­lion).

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