Singapore's private aviation business soars amid virus fears
Singapore
SINGAPORE'S share of regional business jet transactions has been growing since the pandemic and that trend could remain strong, with service providers building their physical presence here in recent months.
According to Jetcraft, drawing from business aviation research firm Amstat, Singapore accounted for the lion's share of South-east Asia business jet transactions, which rose to nearly 70 per cent of the sales in the region in 2020 from 33 per cent the year before.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet