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Business Aviation’s Emerging Markets
Bizav’s New Markets Still Climbing Despite Obstacles
When the financial crisis that exploded in late 2008 began to ravage Western economies in 2009 and 2010, the business aviation industry took well founded comfort from the fact that escalating demand from emerging markets farther east seemed to be shoring up otherwise sagging demand in traditional markets. Since then the international profile of business aviation has continued to expand, prompting manufacturers and service providers to scramble to boost their global presence.
However, it is clear that some expectations of rapid, explosive growth have been confounded by continuing problems in getting business aviation established on a sound footing due to infrastructure and regulatory limitations in key countries such as China and India.