Experts have positive outlook for business aviation

Despite the challenges that Asian and Chinese business aviation operators have encountered in the past few years, industry experts attending the annual Asian Business Aviation Conference & Exhibition (ABACE) remain positive about the sector's outlook for the coming years.

Jeffrey Lowe, managing director of Asian Sky Group, said that 2018 was a difficult year for the Asian and Chinese business aviation sectors due to economic challenges. The sector is undergoing adjustment, because owners have to dispose of aircraft, he said.

The Chinese mainland has 338 business jets in operation, which is the largest fleet in the Asia-Pacific region, but its business aviation declined by 2 percent in 2018, compared to 10 percent growth in 2017.