Hermes tea sets. Burberry divans. Chanel blankets. Put those on the shopping list if you want to fly like a tycoon in Asia.
And don't forget the mahjong table and karaoke screen. Bright accents, mahogany and carpets with gold stitching also would help you fit in nicely.
Asia is expected to create more billionaire wealth than the US within a decade, and the proliferation of moguls is expected to spur a buying spree for private jets that will triple the luxury aircraft fleet in Greater China. Gulfstream Aerospace Corp, Airbus Group SE and Bombardier Inc are catering more to local preferences and boosting support services since more than 15 per cent of the global luxury fleet may be based in the region by next year.
"We all believe that the Asian market is going to be huge," said Ang Chye Kiat, executive vice president for aircraft maintenance and modification at Singapore Technologies Aerospace Ltd. "Private entrepreneurs in China have no problems buying an airplane and spending money on it." Billionaires are joining companies and governments in ordering private jets that can cost more than US$70 million ($98 million) before spending on tricked-out interiors and customized painting of the exterior. There were about 16,000 private jets in the world in 2014, Bombardier said.
Asia-based private jet owners have an average net worth of US$1.1 billion, compared with US$520 million among average global owners, according to the Wealth-X and UBS World Ultra Report 2014. Asia owners also are younger and tend to spend almost 40% more on their fleet.
About 9,000 business jets will be delivered through 2024, generating about US$267 billion in revenue for manufacturers, Bombardier said in its business aircraft forecast. About 1,540 of those planes - or 17% - are earmarked for Asia.
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And don't forget the mahjong table and karaoke screen. Bright accents, mahogany and carpets with gold stitching also would help you fit in nicely.
Asia is expected to create more billionaire wealth than the US within a decade, and the proliferation of moguls is expected to spur a buying spree for private jets that will triple the luxury aircraft fleet in Greater China. Gulfstream Aerospace Corp, Airbus Group SE and Bombardier Inc are catering more to local preferences and boosting support services since more than 15 per cent of the global luxury fleet may be based in the region by next year.
"We all believe that the Asian market is going to be huge," said Ang Chye Kiat, executive vice president for aircraft maintenance and modification at Singapore Technologies Aerospace Ltd. "Private entrepreneurs in China have no problems buying an airplane and spending money on it." Billionaires are joining companies and governments in ordering private jets that can cost more than US$70 million ($98 million) before spending on tricked-out interiors and customized painting of the exterior. There were about 16,000 private jets in the world in 2014, Bombardier said.
Asia-based private jet owners have an average net worth of US$1.1 billion, compared with US$520 million among average global owners, according to the Wealth-X and UBS World Ultra Report 2014. Asia owners also are younger and tend to spend almost 40% more on their fleet.
About 9,000 business jets will be delivered through 2024, generating about US$267 billion in revenue for manufacturers, Bombardier said in its business aircraft forecast. About 1,540 of those planes - or 17% - are earmarked for Asia.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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