Sino Jet, a leading business jet operator in Asia seizes market opportunities in the business aviation despite aviation downturn caused by the global pandemic. The Group President of Sino Jet, shared market insights and the company’s upcoming strategic expansion with industry leaders and professionals in a meeting last month at the Corporate Jet Investor Global 2021.
“With a population of over 1.400 billion, demand in air travel in China remains generally high. While the outbreak of COVID-19 may have caused a halt of commercial airline services, it has sparkled an explosive growth in the demand for air charter services.” said Sino Jet’s Group President.
China is expected to be one of the first major economies to recover from COVID-19, with 40 per cent of its population inoculated. Domestic business aviation has already recovered close to the pre-pandemic level; and China is ramping up its vaccination production lines to push for an even quicker recovery. “As businesses recuperate from the COVID-19 economic shock, more and more business owners are seeing the need or benefit to purchase their own long haul aircraft, such as Bombardier Global 7500, Gulfstream G700, G650, G550, Dassault 10X, 8X & 7X. Demand for these aircraft types specifically is unprecedentedly strong.” said Sino Jet. Sino Jet will continue to leverage its advantageous dual headquarter in Beijing and Hong Kong and its unrivalled international network capabilities, complementing these strengths to service its major client base in China.
The Chinese Leadership has set the national socio-economic priorities for 2021 in China’s 14th Five-Year Plan (2021-2025) published in April 2021. The country aims to strengthen its transport sector over the next 15 years and the Chengdu-Chongqing economic circle is one of the upcoming big city clusters in focus. In 2021, Sino Jet announced a joint investment with the local Chengdu government in the development of a new FBO (fixed-base operator) at Chengdu Shuangliu International Airport. The investment targets to enhance business aviation by upgrading the travel experience to a new standard, shaping Chengdu Shuangliu International Airport into the best business aviation hub in the western and central regions of China.
China’s latest Five-Year Plan also backs aviation infrastructure developments in Southern China. Hainan Free Trade Port Policy proposes turning Haikou Meilan International Airport into the region’s international transport hub, and Sino Jet is one of the pioneering operators to set up local offices to provide comprehensive business jet management services It is the company’s long-term strategic plan to foster business aviation activities, improve and standardize business aviation operations in Hainan. The Hainan international air hub is expected to grow into maturity, and fully integrate with the future local transportation network, which is receiving a total of over 220 billion yan of government investment within the next five years.
In addition to its geographical expansions, Sino Jet is also investing heavily in growing a bigger, stronger client servicing team across the country by actively recruiting industrial elites to meet growing business needs in China and nearby areas. Sino Jet specializes in providing tailored, unique business jet management solutions that best suit their clients’ long term strategic goals.