China loses private jets as other Asian growth spots emerge

A sharp fall in the number of private jets based in China in recent years shows the impact a weakening domestic economy, anti-corruption drives and the pandemic have had on the country's wealthiest, according to business aviation industry data and experts. At the end of last year there were a third fewer private jets based in mainland China, Hong Kong and Macau than the 2017 peak of 481 planes, according to data from business aviation consultancy and broker Asian Sky Group. In the same period, the number of private jets in the rest of the Asia-Pacific region grew by 20%, led by India, Australia and Japan.