AIRSHOW-China's business jet market slowing as economy weakens

jueves 18 de febrero de 2016 07:11 GYT

* Customers in China look beyond large, long-haul jets

* China business jet fleet grew slowest in 2015 in 10 yrs-Embraer

* Overseas forays of Chinese business to create demand for jets

By Rujun Shen and Fathin Ungku

SINGAPORE, Feb 18 (Reuters) - Chinese demand for business jets is slowing as its economy weakens, with customers looking to diversify from large aircraft, industry executives said at the Singapore Airshow.

China's business jet fleet grew 6 percent in 2015, the slowest in the past 10 years, according to data from Embraer SA , one of the largest business jet manufacturers.

"In the past, customers would simply buy the biggest and best plane out there," said Claudio Camelier, vice president of marketing and sales, Middle East and Asia Pacific, at Embraer Executive Jets.

"Nowadays they may consider a mid-sized jet if their travel needs are only within certain region or they don't travel with a lot of people."

Earlier this month, Embraer delivered a Legacy 500 - its new mid-sized jet worth nearly $20 million at list price - to its first Chinese customer, movie star Jackie Chan.   Continuación...