ArcosJet compares Chinese and Russian aircraft buyers
Business jet buyers in China and Russia prefer long-range and large aircraft, do not like waiting for deliveries, and pay much more attention to design and detail, according to new research from Russian aircraft broker ArcosJet, which is available at ABACE 2015 this week in Shanghai.
Just by comparing the Forbes figures for the number of billionaires in 2013-2014, the number of billionaires in China increased from 152 to 213, where as the number fell from 111 to 88 in Russia.
ArcosJet also found that both countries have very young fleets, with over 70 per cent of business jets in Russia (of a total of about 500) under 10-years-old and over 60 per cent in China (of a total of about 400) being under five-years-old.
Chinese owners tend to favour Gulfstream aircraft (104 of all 336 Chinese-registered jets are large-cabin aircraft), while there are 128 Bombardier Challenger and Global jets registered in Russia.
Almost half of all business jets acquired in China are bought pre-owned in order to avoid the wait times on new aircraft.