Posts tagged ‘Ferrari’

28/12/2013

Small jet makers see big chance as China prepares to open skies | Reuters

Ferraris and Rolls-Royces have become common sights in China\’s cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare.

Guests walk next to aircrafts as they attend the Shanghai International Business Aviation Show at the Hongqiao International Airport in Shanghai in this April 16, 2013 file photo. REUTERS/Carlos Barria/Files

Recent rules changes, however, indicate that China is preparing to open its skies to private aircraft, in a move that may herald the greatest expansion of business and private aviation in the last 30 years.

Last month, China\’s aviation regulator simplified flight approval procedures for private aircraft and lowered the threshold for obtaining a private pilot license.

via Small jet makers see big chance as China prepares to open skies | Reuters.

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