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Private jet makers eye China's billionaires

Hong Kong: The Phoenix Cabin has all the amenities that a billionaire might want in a private jet: plush leather chairs, soft carpet, and a flat-screen TV to watch while criss-crossing the globe.

Updated on: Mar 11, 2011 10:05 PM IST
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The Phoenix Cabin has all the amenities that a billionaire might want in a private jet: plush leather chairs, soft carpet, and a flat-screen TV to watch while criss-crossing the globe.

HT Image
HT Image

But with its red hues - traditionally a lucky colour in China - and centrepiece round table that doubles for playing mahjong, Airbus is setting its sights on the growing number of ultra-rich Chinese who can afford to shell out upwards of $65 million for their very own home and office in the sky.

"The round table with a Lazy Susan is the Chinese way of sharing and spending time together," said Francois Chazelle, vice-president of worldwide sales at Airbus corporate jets, at an air show that wrapped up in Hong Kong on Thursday.

Europe's Airbus said its private jet operation set a company record last year, delivering 15 planes worth $1.5 billion, with China standing out as the firm's fastest-growing market. Chinese customers accounted for about 25% of business jet sales at Airbus in 2010.

Rival Bombardier is forecasting the industry will make 600 business jet deliveries in China between 2010 and 2019, while US-based Gulfstream is also boosting its presence in mainland China. "The race is on - there is a lot of activity right now in China," Chazelle said.

 
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