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Article: Hot tickets; Business jets in Asia.(The private-jet market in Asia)
- Article from:
- The Economist (US)
- Article date:
- September 8, 2007
CopyrightCOPYRIGHT 2007 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A vast new market for private jets is finally starting to open up
TO HAVE an important job in Asia is to spend too much time in the air. The economic health of Hong Kong and Singapore is tied so strongly to the quality of their airports and their positions as transport hubs that both could justifiably use a rolling suitcase as their city logos. All this traffic has been handled by commercial airlines, which have been growing fast. In China alone, air traffic is expanding by 40% a year, according to Wang Changshun, the country's vice-minister for civil aviation, who was speaking on September 3rd at the Asian Aerospace Congress, a big industry conference taking ...