BEIJING/SHANGHAI—China’s private jet market faces a protracted lull as the economy continues to slow down, salesmen and aviation lawyers said at forum in Beijing this week, predicting the country’s uber-rich will sell off jets in droves next year.
“Whether it is as a manufacturer, a leasing company or an operator, we all feel a chill,” Xu Lidong, chairman of HNA Group Co Ltd’s private jet division Deer Jet, said at the Beijing event, citing the broader economic malaise.
