China private jet market stabilizes after sell-offs

An exodus of private business jets from China since the Covid-19 pandemic appears to be stabilizing this year, suggesting that sell-offs by cash-strapped owners have largely run their course, according to aviation-services firm Alud Davies. While a few deliveries of new business jets in China are currently pending, very few were made last year. The stabilization comes amid a potential shift in demand across industries, with the market finding a level flight path after years of decline.