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在线翻译:
szdaily -> Business/Markets -> 
Used private jets from China are landing with US buyers
    2018-11-09  08:53    Shenzhen Daily

CHINESE companies and individuals are selling more used private planes than in previous years as economic growth slows in China, and U.S. buyers are snapping up hard-to-find models, according to interviews with business jet analysts, dealers and consultants.

“Luxuries like private jets are often the first things to be parted with as the companies can no longer afford or justify them,” said James Coak, vice president of international business development for Titan Aviation.

So far this year, 15 of 268 business jets operating, based or registered in China have been sold outside of the country, compared with an annual average of 10 from 2014 to 2017, according to FlightAscend Consultancy data.

Total used sales from China are expected to reach about 20 this year, FlightAscend senior valuations analyst Daniel Hall said.

Half of this year’s sales so far have landed in the United States, Hall said, where a sluggish business jet market in the aftermath of the 2008 financial crisis is turning around partly due to more favorable U.S. tax laws for corporate aircraft ownership.

The uptick in U.S. demand has coincided with a decline in business optimism by private jet operators, owners and financiers in China, according to a survey by Hong Kong-based business aviation specialist Asian Sky Group.

“My email is full of advertisements from brokers or inquiries from owners every day with aircraft for sale,” said Jackie Wu, president of Hong Kong-based private jet consultancy JetSolution Aviation Group.

Wu has seen a near-23 percent rise in sales from greater China year-to-date, compared with the year-ago period, she said.

The biennial Airshow China, the country’s largest, runs this week in the coastal city of Zhuhai, where Gulfstream and other planemakers are looking to sell new jets.

Among pre-owned Chinese planes recently sold are younger Gulfstream models such as the popular large-cabin G550.

(SD-Agencies)

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