According to Nextant, Asia has lowest penetration of business jets among super rich in the world and the number of billionaires are set to double in the next ten years.
Nextant are focusing on Asia signing deals with China Great Wall Industrial Corporation and Jet Aviation Singapore.
The entry-level business jet market in Asia has grown rapidly over the last decade with the five years to 2012 seeing a 74% increase in deliveries on the previous five year period (2003-2007). Globally, deliveries of business jets grew by just 6% between the same two period.
In spite of this recent growth, the business aviation market in Asia remains relatively underdeveloped compared to the rest of the world and is likely to continue to grow as its economies and high net worth populations continue to expand. It is for these reasons that Asia has been identified as a core part of Nextant’s expansion strategy.
18/04/13 Corporate Jet Investor
