Bizav sector expected to take off

China will double the number of its existing business aircraft in the next decade, and will become the world's third-largest business aviation market only behind the United States and the Europe, according to market observers attending the 2018 ABACE air fair in Shanghai.

"We predict, in the next five years, China is going to become the third-largest market for business jets globally, behind the United States and Europe," said Andy Gill, Asia-Pacific senior director of business and general aviation at Honeywell Aerospace.

"If it continues, it will surpass Europe in the future, and be the second, or even the most important market for both business jets and helicopters," he added.