Poor infrastructure, strict regulation prove a drag on corporate aviation

While economic slowdown and tightening government controls are considered major reasons for the recent slide in the Chinese business aviation industry, the problems of insufficient infrastructure and relatively strict regulations should be addressed immediately if the industry is to seek long-term growth in China, according to a report.

According to the China Business Aviation Special Report 2016, jointly released by Hurun Report and Minsheng Financial Leasing in late April, complicated procedures of applying for flight routes and difficulty in parking private aircraft are the biggest obstacles to increasing sales of business jets to Chinese billionaires.

The current situation is stopping the latter from making up their mind on owning a plane.