Firms look to sell private jets amid lack of take-off and landing slots at Hong Kong International Airport
Companies still frustrated at being unable to use jets, despite government measures introduced last summer.
A lack of landing slots for private jets at Hong Kong International Airport is harming business and has prompted at least two local companies to sell their aircraft, according to an industry veteran.
Despite government measures, introduced last summer, aimed at bolstering the business jet market by providing more take-off and landing slots, companies are still “frustrated” with being unable to use their jets when needed.
Industry veteran Jeffrey Lowe, formerly with aircraft makers Gulfstream and Bombardier, told the Post that two major global firms based out of Hong Kong have approached his company to assist in the sale of their private jets.
Lowe, the managing director of Hong Kong business jet consultancy Asian Sky Group, said problems stemmed from business jets being unable to secure parking rights, take-off or landing slots at Hong Kong International Airport (HKIA). With limited slots available, he said, demand exceeds supply, and priority is given to commercial passenger and cargo flights.
“The frustration level has gotten to the point where businesses feel they can’t make use of the jets anymore, not effectively,” Lowe said.