In just a few years, a large amount of capital has quietly flowed into China's business jet market. Manufacturers, managers and financial service providers in the business jet market chain have sprung up in China. The era of "flying as convenient as driving a car" seems to be coming sooner than we thought.

"China is the main market for business jets in the future." Kong Linshan, chairman of Minsheng Financial Leasing Co., Ltd., with total assets exceeding 80 billion yuan, witnessed the entire process of the rapid rise of this industry in China. It took Minsheng Financial Leasing less than 3 years from entering this industry to the number of business jets exceeding 100 and occupying 90% of the domestic business jet market.

As the largest business jet financial service provider in China and even in Asia, Minsheng Financial Leasing is also a microcosm of the development status of the entire industry to a certain extent, and it also reflects the rapid development of the entire Chinese economy. Despite the good times, the business jet market is still in its infancy for China. Kong Linshan said: "The normal operation of business jets is different from general consumer goods. It involves a wide range of aspects, including management, maintenance, pilot training, etc. There are still many problems and constraints in China."

China's business aircraft market has room for development, and the development momentum should not be underestimated. Fastener companies have considerable business opportunities

It is understood that more than 2/3 of the aircraft currently used in the global air transport industry are obtained through leasing. Kong Linshan boldly predicts that if all the constraints are resolved, the demand for the Chinese business jet market will be 800-1000 in the next 10 years. There is no doubt that this is a huge "cake" for financial service providers participating in the market chain.

The economic landscape of the world is changing. With the rise of China, the landscape of the financial services industry is also changing. "Where the real economy is, financial services will be there. Obviously, China's real economy will prosper for a long period of time, and the world's financial services will also follow this hot land." Kong Linshan said.

However, there are currently signs of a false boom in China's business jet leasing industry. Kong Linshan said that many companies' products have no features. "We need to do real leasing, not fake banks, to diversify business income." In addition, we must realize the investment banking business model. "If we use leasing tools and learn from the thinking of investment banks to do business, in China's current financial environment, there are many business opportunities." He believes that in the future, he hopes to achieve asset securitization to break through relatively single funds. source channel. After all, the business jet market, unlike the civil aviation market, is less affected by the cyclicality of the aviation industry.

In Minsheng Financial Leasing's outlook for the future, by 2023, Minsheng Financial Leasing hopes to achieve the goal of assets exceeding 500 billion yuan and profits exceeding 10 billion yuan, becoming a certain international influence and strong competitiveness in the world. financial leasing company. For a long time, the aviation leasing market has been occupied and dominated by foreign financial leasing companies. In the past two years, although the fleets of top international aircraft leasing companies have declined, the development momentum of domestic financial leasing companies cannot be underestimated, and they are quietly changing the market pattern dominated by foreign institutions.

After occupying a large share of the Chinese market, internationalization has become the goal of Minsheng Financial Leasing in the near future. Kong Linshan said that he hopes to provide services to the world in the future, but at present, he still needs to work hard in terms of policy support, breaking through financial difficulties and professional talent reserves.

Conclusion: From the rapid development of the business jet leasing market, we are delighted to see that the future business jet fastener market is very broad.