CRI听力:Private Jets See Huge Market Potential in China

The use of private business jets has rapidly increased in China over the last 10 years.

Private business jet travel allows for a comfortable journey with flexible traveling time and private space.

There are now about 150 business jets in China compared to 2005 when there were only 12.

Fang Xia is Assistant President of Deer Jet, Asia's largest operator of business airplanes.

He says compared to the US which has 20 thousand private business jets, there is still huge market potential in China.

"I think the number of business jets will increase by half this year. Previous data show its increase kept at 80 percent in the past three years. The number will possibly increase to 1500 in 2015. "

Last year's Hurun report shows over 900 thousand people own assets worth over 10 million yuan in China. And about one sixth of them plan to buy business jets.

The development of the overseas business jet market began with small and medium-sized jets, and then gradually upgraded to larger models. However, large jets have been attracting Chinese customers due to their long distance travel range and greater number of seats.

Deer Jet Sales Director Li Jiang.

"Chinese customers show more interest in large business jets, such as Airbus ACJ, Boeing BBJ. "

Li Jiang also points out that future business jet market in China will turn from chartering to ownership.

Vice President of Civil Aviation Management Institute of China - Gao Hongjiang says with the increasing demand for business jets, a boost in production is urgent.

"Our business aviation industry is at the beginning stage. The main task now is to expand the industry scale."

Earlier in July, the State Council released several consultations on civil aviation industry growth to support development.

For CRI, this is Zhang Shuangfeng.