MALAYSIA has made big strides over the past few years to become a thriving business aviation destination, and today, it finds itself in an enviable position, handling the most number of business jets in Southeast Asia. In Asia-Pacific, Malaysia has the fifth largest business aircraft fleet, behind China, Australia, India and Hong Kong.
And prospects remain bright. According to market research firm MarketsandMarkets Research Pvt Ltd, the global business jet market is projected to grow from US$18.8 billion (RM77.3 billion) in 2020 to US$38 billion by 2030 at a compound annual growth rate of 7.3% during the forecast period, with Asia-Pacific remaining one of the world’s largest markets.
Prospects remain bright for business aviation in Malaysia even as commercial sector languishes msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.