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China private jet buyers now look for utility over opulence

Friday, April 15, 2016 - 05:50

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Until recently mainland Chinese buyers have favoured larger cabin jets, even including retrofitted versions of the Airbus A320 and Boeing 737 that can cost up to US$90 million at list prices and another US$10-15 million for fitting. Now there is more interest in smaller aircraft.

Shanghai

MAKERS of private jets for China's elite are shifting their focus from luxury to convenience, as a cooling economy and long-running crackdown on corruption prompt customers to demand smaller planes and even consider second-hand deals.

Utility is the watchword, say industry

sentifi.com

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