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Chinese private jet market is growing

More and more private jets are finding their way to China as the country’s business industry continues to flourish.

China is becoming the global center of trade, which is opening a new dimension of aviation industry in the country.

According to sources, five years ago there were only ten private jets in Hong Kong. Today, there are around 40 private jets in Hong Kong.

Experts attribute the increase in private jets to the increase in the number of millionaires in the country. Based on statistics from Hurun List, there are 1,363 millionaires in China and 189 people are in the range of being billionaires.

The increase of millionaires and billionaires in the area has stimulated the private jet market. These people use this aircraft for both business and leisure.