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China's private jet market stabilizes after sell-offs · 1 source tracked

China's private jet market is stabilizing after a period of significant sell-offs, according to aviation services firm Asian Sky Group. The net decrease in aircraft ownership has slowed considerably, indicating that most cash-strapped owners have already liquidated their assets. While the tech and automotive sectors may still show interest in private aviation, the struggling real estate industry has significantly reduced its demand. AI

RANK_REASON The item discusses market trends and provides analysis from an industry expert, rather than announcing a new product, research, or significant corporate event.

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China's private jet market stabilizes after sell-offs · 1 source tracked

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Ralph Jennings ·

    China’s private-jet market finding level flight path after sell-offs: source

    An exodus of private business jets from China since the days of Covid-19 appears to be stabilising this year amid a potential shift in demand across industries, suggesting that sales by cash-strapped owners of the multimillion-dollar assets have largely run their course, accordin…