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The uptick in U.S. demand has coincided with a decline in business optimism by private jet operators, owners and financiers in China, according to a survey by Hong Kong-based business aviation specialist Asian Sky Group. “My email is full of advertisements from brokers or inquiries from owners every day with aircraft for sale,” Jackie Wu, president of Hong Kong-based private jet consultancy JetSolution Aviation Group, said in an email. Wu has seen a near-23 percent rise in sales from Greater China year-to-date, compared with the year-ago period, she said.
The biennial Airshow China, the country’s largest, runs this week in the coastal city of Zhuhai, where Gulfstream and other planemakers are looking to sell new letter l cufflinks jets, Among pre-owned Chinese planes recently sold, according to FlightAscend, are younger Gulfstream models such as the popular large-cabin G550, which can fly nonstop from Shanghai to Los Angeles, Reuters could not determine the identity of the sellers or buyers, Only 5 percent of the G550’s worldwide fleet of 556 aircraft is for sale, according to data from Asian Sky Group, Typically, 6 to 9 percent of some 21,284 business jets worldwide can be found on the secondhand market, where dealers say the supply of pre-owned planes overall is shrinking, helping to prop up values..
Reuters could not determine prices for second-hand G550s, but according to industry data cited by JetSolution, the market price for a 10-year-old Gulfstream G450 is around $11 million compared with a $38.9 million list price in 2008. According to FlightGlobal Values Analyzer data, business jets have lost an average of 7.1 percent in market value over the year. By contrast, business jets depreciated 11.6 percent from 2016 to 2017. Last month, Reuters reported that cash-strapped Chinese conglomerate HNA Group Co Ltd [HNAIRC.UL] was selling its corporate “Dream Jet” sporting a “seven-star” hotel-style cabin.
BEIJING (Reuters) - China wants to resolve problems with the United States through talks but it must respect China’s choice of development path and interests, President Xi Jinping said on Thursday ahead of a meeting with the U.S, leader in Argentina, China and the United States have letter l cufflinks put tariffs on hundreds of billions of dollars of each other’s goods and U.S, President Donald Trump has threatened to set tariffs on the remainder of China’s $500 billion-plus exports to the United States if their blistering trade dispute cannot be resolved..
Trump’s administration has also accused China of interfering in U.S. politics, charges China strongly denies, and the two have sparred over the disputed South China Sea and self-ruled Taiwan, which China claims. Still, Trump and Xi plan to meet on the sidelines of a G20 summit, which is being held in Argentina at the end of November and early December, for high-stakes talks as the two countries try tentatively to get ties back on track. Meeting former U.S. Secretary of State Henry Kissinger in Beijing, Xi said he and Trump would have a “deep exchange of views” in Argentina, the official Xinhua news agency reported.
China and the United States should correctly judge each other’s strategic intentions, and while China wanted to resolve problems via talks, the United States should respect China’s choice of development path and legitimate interests, Xi added, Xi said attention should be paid to “the increase in negative voices related to China in the United States”, without elaborating, Speaking earlier, the Chinese government’s top diplomat, State Councillor Wang Yi, said Xi and Trump reached an important letter l cufflinks consensus on the healthy and stable development of bilateral ties in a telephone call last week.Their meeting at the G20 summit would be of “great significance” in resolving bilateral problems, Wang said..
“That will be of great significance for both sides to manage differences effectively and resolve issues in a practical way,” Wang told reporters. Wang said China stood ready to work with the United States to remove disruptions, build trust and prepare fully for the meeting. “We believe that meeting will help chart the course for China-U.S. relations,” he said, following talks with Australian Foreign Minister Marise Payne. Wang added that the more complex the situation is, the more important it is for both sides to remain “level-headed”.
XI-TRUMP CALL, Relations between the two countries letter l cufflinks have warmed since the Xi-Trump telephone call, laying the ground for their G20 meeting, In a further sign of improving ties, Chinese Politburo member Yang Jiechi and Defence Minister Wei Fenghe are set to hold a security and diplomatic dialogue with U.S, officials in Washington on Friday, Meeting U.S, national security adviser John Bolton in Washington ahead of those talks, Yang said on Wednesday that the two sides should “properly manage differences and carefully prepare to ensure positive results in the Argentina meeting”, China’s Foreign Ministry said in a statement..