Demand gathering pace in Asia Pacific according to Cessna

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Cessna anticipates demand growing for light and mid-size business jets in the region

Cessna Aircraft said at the
Singapore Airshow the company anticipates accelerating demand for light and
mid-size business jets across the Asia-Pacific region in the next decade.

Speaking at the show, Trevor Esling, vice president, Sales for EMAA (Europe, Middle East, Africa & Asia), said “The
Asia-Pacific region already accounts for 10% of Cessna’s business jet sales and
we anticipate demand increasing further in the medium to long term. The
region’s economic resilience during the global financial crisis, rising
national prosperity and Chinese airspace liberalization make it likely that the
business aviation market will mature at quite a rapid pace. Cessna therefore
expects demand for light and mid-size aircraft to rise accordingly.”

Esling continued “All indications are that the Chinese economy will grow
by more than 8% this year alone, while forecasts for the economies of Indonesia, Malaysia,
the Philippines, Singapore, Thailand
and Vietnam
are similarly positive. These forecasts are extremely encouraging for aviation
in general, with China
expected to become one of the top 10 countries for business jet ownership by
2025.”

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