Jet Aviation has a long pedigree here in the Asian business aviation community, having established its handling and aircraft support operation at Singapore’s Seletar Airport 15 years ago. Last year, its aircraft management business in the region grew by 20 percent to a fleet of 24 aircraft, nine of which are based in Hong Kong. The Swiss-based group also manages aircraft for clients in Singapore, Thailand, Indonesia, Malaysia and India.
Juerg Reuthinger, Jet Aviation’s senior vice president for aircraft management, acknowledged that, overall, while the growth of the Asian business aviation has continued it has done so at a noticeably slower pace over the past 12 months as the region has had to contend with the fallout from the global economic downturn. Nonetheless, there have been fewer aircraft order cancellations than in other parts of the world, undoubtedly because credit has generally continued to be more readily available here.
