The new private jet pecking order
In oligarchic aviation China has just fallen behind India
Life for Asia’s super-rich has its ups and downs. One industry, more than any other, provides a bird’s-eye view on their fortunes: the mind-boggling market for private jets. In recent years the number of posh private aircraft registered in China has dropped like a stone, in part because the Communist Party has taken umbrage against lavish displays of wealth. These days it is India’s rising rich who are snapping up sleek personal planes.
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