Asia's largest business jet fair begins at Hongqiao airport
Over 30 of the world’s most cutting-edge business jets and helicopters are being displayed at Hongqiao Airport from today as part of the annual Asian Business Aviation Conference & Exhibition.
Some 170 of the top business aircraft makers and operators, including Airbus, Boeing and Canada’s Bombardier, are displaying their newest products on the apron of the airport for the exhibition, which runs through Thursday.
As a highlight this year, eight helicopters are being displayed amid increasing global demand.
With a better long-term global economic outlook this year, customers are holding firm in their intentions to invest in new helicopters over the next five years, Honeywell said in a report today.
The US firm forecasts 4,000 to 4,200 new civilian-use helicopters will be delivered from 2018 to 2022. In the Asia Pacific region, more than 18 percent of respondents said they would either replace or expand their fleet with a new helicopter over the next five years, according to the report.
The exhibition, which has been held for seven years, enables potential buyers to experience the jets and industry leaders to discuss the emerging Chinese business jet market.
Over 1,000 participants are expected to take part this year, making it the largest business aviation exhibition in Asia, according to Ed Bolen, president and chief executive of the US National Business Aviation Association, which organizes the annual event with Shanghai Airport Authority.