Monthly Archives: April 2012

Wealthy Chinese buy cash U.S. houses

China’s rich people everywhere to buy a house in the world is not something new, near New York’s Long Island has become an extremely attractive to Chinese buyers eye, already circulating in the New York real estate agent if the buyer is the Chinese people, which transactions is certainly no problem to say. New York and even the nation’s real estate market in recent years has been stagnant, the Americans lending capacity is also getting worse, turned out to Chinese buyers at this time, New York real estate brokerage lifted from China in January, a buyer bought a value of $ 12 million mansion on Long Island, and to draw up the contract within 12 days and paid in cash, real estate broker in charge of the deal Dalia said she Although surprised but also think that is reasonable, because in the past two years, she has more and more exposure to overseas buyers from China, she also said that in 4-5 years ago, Chinese buyers are usually looking for Chinese real estate Business buy a house, she met directly with the translation to come to the U.S. real estate direct purchase customers. Engaged in real estate transactions lawyer also said the general to buy a house rich in China is divided into two categories, one is the investment in children’s education, a class of investment real estate, whether tourists or buy a house off from China and lavish features have been astounding, the Chinese people to become the first in the world in the global luxury goods purchasing power, also emerge in the world real estate, so that we can not help but think that the next buy, what is it.

U.S. Chinese Liu Shuo, TV reports

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Chinese want to buy more Private Jets in the U.S.

The demand for long-range private jets is increasing in China, as wealthy Chinese individuals are looking for aircrafts able to go directly to New York City or Las Vegas from any airport in China. According to Pierre Gervois, CEO of China Elite Focus, the leading PR agency focused on HNWI Chinese consumers “The new generation of Chinese wealthy individuals considers the acquisition of a private aircraft as the ultimate symbol of success. For instance, we know that very private VIP clubs such as the Shanghai Travelers’ Club have already organized trips to the United States with the specific purpose of buying pre-owned private jets in the U.S.”

As many Chinese private jet future owners consider that buying a pre-owned or a new aircraft in the U.S. is the best way to ensure the best quality and perfect maintenance, there is a major opportunity for the U.S. business jets industry, or foreign aircraft manufacturers operating from the U.S. and targeting new Chinese customers, such as Dassault Falcon.

Dassault Falcon will set up a new operation in Shanghai to help support its rapidly growing Chinese fleet. The new entity, to be known as Dassault Falcon Aircraft Services – China, will be established by the end of the second quarter of 2012 in partnership with Shanghai Hawker Pacific and will be located within the Shanghai Hawker Pacific complex at Shanghai’s Hongqiao International Airport.

Dassault Falcon Aircraft Services – China will play a key role in ensuring first-class support for the Falcon fleet that is expected to triple by the end of 2012. The unit will be staffed by a team of technicians with an average experience of more than 10 years with Falcon business jets specially trained on Falcon 7X, Falcon 2000LX and Falcon 900LX models. Line maintenance, AOG support, troubleshooting and component replacement will be among the services offered.

Dassault Falcon Aircraft Services – China will bring extensive, hands-on Falcon maintenance to the world-class Shanghai Hawker Pacific’s facilities that support local and transient Falcon aircraft, while providing an opportunity to transfer technical maintenance know-how to Chinese engineers in this developing market.

“This facility in Shanghai is an essential part of our strategy to support our growing market share in China,” said John Rosanvallon, President and CEO of Dassault Falcon. “Our customers will appreciate the instant increase in the level of Falcon maintenance experience that this program will offer, as well as the dedication that only Dassault as the aircraft manufacturer can provide.”

The Shanghai Hawker Pacific complex features a 4,000 sq m facility for maintenance, repair and overhaul (MRO), in addition to its fixe based operations (FBO) capabilities. It was the first third-party MRO facility in mainland China and is a joint partnership with the Shanghai Airports Authority.

The Civil Aviation Administration of China (CAAC) recently granted a Part 145 repair certificate for the facility as well as a Part 145 approval for the Falcon 7X. Approvals for the Falcon 900LX and Falcon 2000LX models are expected within six months.

“Dassault Falcon and Shanghai Hawker Pacific have a shared vision of providing the best customer service experience in China,” said John Riggir, Vice President-Asia for Hawker Pacific. “We have the facilities, dedication and infrastructure to meet our customers’ needs today and into the future. The Dassault team will bring a more advanced business aircraft MRO experience to complement and rapidly grow the capabilities of Shanghai Hawker Pacific as China absorbs this fleet of new Falcons.”

In addition to this new facility in Shanghai, Falcon customers can access repair facilities operated by Hawker Pacific in Singapore and Sydney, Australia and Jet Aviation in Hong Kong.

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