While the OEMs are seeing slowdowns in the pace of aircraft orders from China, management services for those business jets that are here are still in demand, according to Hong Kong Jet. The Hainan Group subsidiary added five new aircraft to its operating certificate over the past year. “We’ve grown in the last few years from eight aircraft to 18,” noted COO Denzil White. The company’s aircraft roster includes large-cabin jets such as the Gulfstream G650 and G550, Bombardier Global, Dassault Falcon 7X, as well as bizliners such as the BBJ and ACJ.
The growth is a welcome reversal from the company’s earlier history when it miscalculated the market, according to White. “The formula they were applying revolved around a sort of jet-club scenario,” he noted. “The market was a little too immature for that.” White described the problem as an “intrinsic difficulty” in the culture of local jet owners to share their aircraft.
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