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Despite A Slowing Economy, Jetmakers Court Chinese Elite For Sales

Bombardier and Gulfstream Aerospace are running out their highest-range business planes at an Asian air show this week, as they vie for orders from China’s budding elite, in spite of the country’s slowing economy. The ABACE (Asian Business Aviation Conference & Exhibition) opens this week in Shanghai under a cloud of financial uncertainty. It witnessed the slowing Chinese growth, the US-China trade clash, and Beijing’s attack on debt threats that has led grant to dry up in some industries, according to brokers.

Jeffrey Lowe, Managing Director, Asian Sky Group, proclaimed that the largest factor that influenced the business jet market was pessimism and ambiguity. He added that this condition has stalled acquisition intentions or forced those marginal owners to reassess keeping their business jets. The plane and train maker proclaimed this week that it has secured firm orders for about four Global 7500 aircraft.

On a similar note, Bombardier came into the news as it disclosed the delivery of the foremost of two Q400 aircraft, which were ordered by Qazaq Air JSC, Kazakhstan in 2017. This order followed Qazaq Air’s July 2015 successful rollout of domestic service in Kazakhstan. At that time, the firm used about three leased Q400 planes to start its services.

Adel Dauletbek, Acting Chief Executive Officer, Qazaq Air, and Sergey Khetsuriani, Head, Public Relations, Qazaq Air, joined the Qazaq Air’s flight and acceptance crew during a special delivery ceremony. This ceremony was conducted at Bombardier’s Toronto location where the manufacturing of Q400 aircraft was done. Dauletbek proclaimed that the firm is happy with the functioning of its force of Q400 turboprops. He added that it is as well excited to welcome the new aircraft into the operation. According to Dauletbek, with the firm’s bigger fleet, its consumers will get advantage from the extension of its route network within Kazakhstan, and nearby cities in the Central Asian region.

Elma Jackson
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Managing Editor At Business Global 24

With more than 8 years of experience in the news publishing sector, Elma has a Master’s Degree in Finance as well as Business. It is this know-how that she has which makes Elma the ultimate dominator when it comes to authoring Business & Finance articles. Besides this, in her free time, Elma loves to listen to music at the local coffee shop and have a sip of coffee.

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