Many manufacturers have high hopes pinned on ballooning demand for private aircraft in countries throughout Asia, especially in China. While the demand for jets is certainly there, and a growing number of high-net-worth individuals can afford them, one essential aspect of a thriving aviation industry is missing: adequate infrastructure.
Here are just a few obstacles that will need to be removed in order to see true promise in the Asian market:
- Lack of trained pilots and technicians
- High tax on imported jets
- Restricted air space
- Tight visa regulations
- Minimal service support system for business aviation
While training and educating individuals for aviation jobs is fairly simple to achieve, several of the other issues require government intervention and policy changes. These infrastructure and policy updates will determine the timeline and scope of the Asian aviation market expansion.