Chinese business jet operator, Sino Jet, held a VIP launch event for the opening of its new Guangzhou base, signifying its expansion and investment in the Greater Bay Area of China.
Sino Jet’s newest office will be added to its existing bases in Beijing, Hong Kong, and Shanghai. It was held on 14 June 2018 as a sign not only of the aviation group’s confidence in the growth of its aircraft management, charter, and high-end tourism business but also in the region’s fast-growing aviation industry.
The new office in Guangzhou will be headed by Frank De, CEO of Sino Jet Hong Kong and member of the board of governors at Asian Business Aviation Association (AsBAA). The airline was founded in 2011.
“Sino Jet and the group of companies are now in a period of expansion”
Jenny Lau, president of the Sino Jet Group and chairperson of the AsBAA, said: “The Sino Jet Shanghai Office has been well received in East China following its inauguration in 2017 and we are confident about the growth of the industry in the region. Sino Jet and the Group of Companies are now in a period of expansion and we hope to leverage these new opportunities to drive the businesses and the wider industry forward”.
China’s Greater Bay Area comprises nine cities with two special administrative regions, Hong Kong and Macau. According to the Report on the Work of the Government that was delivered by Li Keqiang, premier of the State Council of China, the region is high on the potential for economic growth and development.
The region links China with the international market and includes an airport cluster of five facilities. Furthermore, it’s currently in a state of expansion and improvement which is backed by ¥88 billion of public investment between 2017 to 2020. The aviation sector in the region is seeing significant growth with 16 airport infrastructure projects in the pipeline.
Lau further commented: “The Belt and Road Initiative offers the Greater Bay Area opportunities for development, while the Greater Bay Area construction scheme put forward by the government proposes the most significant opportunities in the history of the industry in this region.”
“The fleet of Beijing, Guangdong and Shanghai accounts for 62% of the total business jets in China”
According to the 2017 China General Aviation Report by Asian Sky Group, business jets operate primarily in economically-advanced regions such as Beijing, Guangdong and Shanghai. The fleet of these three regions accounts for 62% of the total business jets in China.