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Companies want to resell private jets as there are no take-off and landings at Hong Kong International Airport.

Businesses were still disappointed that they were not able to use jets despite the steps taken by the state last year. The shortage of airfields for private jets at Hong Kong International Airport is damaging the economy and has led at least two locals to resell their planes, says an airline sector veteran. 20 percent of the airframes in Hong Kong have been sold. In spite of the steps taken by the state last summers to strengthen the business aviation sector by increasing the number of take-offs and landings, businesses are still "frustrated" by not being able to use their jets when needed.

Industrial Veteran Jeffrey Lowe, formerly with Gulfstream and Bombardier airframe manufacturers, said to the Post that two large Hong Kong-based companies have turned to his firm to help sell their private jets. Lowe, CEO of the Hong Kong business aviation consulting firm Asian Sky Group, said the problem was due to the fact that business jets were not able to provide car parks, take-offs and landings at Hong Kong International Airport (HKIA).

He said that with finite available slot capacity, market demands exceed supplies and preference will be given to business passengers and freight. "Lowe said the levels of disappointment are so advanced that companies are feeling that they can no longer and no longer use the jets efficiently. "If they can't get slot, they can't get car parks, they can't get their planes sold, I don't think it's too much time - this president, with this business instrument with which he's expanding his business and being able to compete, is basically going to leave Hong Kong," he said, talking on account of his undisclosed customers.

Over the past few summers, the authorities have initiated actions to support the industry, among them more take-off and landings slots for business jets. A one-stop shopping system was established to make it easy and more appealing for Hong Kong airlines to operate, touch down and leave their flights in Hong Kong - so that planes can reserve a take-off and runway combined with car parks and groundhandling at the airports.

It is claimed that the impact of the measure has been limited as the two airstrips at the aerodrome have approached their maximum number of aircraft to be handled per day. The Hong Kong millionaire Michael Kadoorie, president of the Metrojet company, spoke to the post office last week at an industrial event, saying that the business is " in a no-man's-land ", with HKIA hard to get slot and the business jets business of the continent "not at their best".

"But if you tell me that the Hong Kong community has not mastered these issues in all areas, not just aeronautics, I would say that you were mistaken. Business jets fell to 8,845 fewer business jets, a decrease of 14. However, the implementation of a new system of ATC in Hong Kong, which resulted in a 7 per cent cut in the number of passenger and business aircraft in November, exacerbated problems for the industry by further restricting the restricted number of aircraft privileges.

Commenting on the outcome, Simon Li Tin-chui, Civil Aviation Department (CAD) Director and special guests at the event, said he would be patient to ensure that the government-led activities bore fruits. It also used the same sentence, Kadoorie, a "matter of time," said, and expressed optimism that the business aerospace industry could meet the challenge.

Li said, "I don't get any bad comment from them," and added that the third airstrip - to be completed by 2023 - would offer the necessary space for business jets in use. CAD will be meeting with the business aerospace community in January to make further changes to strengthen the business aerospace community.