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CAM Representatives Attended NBAA-ABAC 201929 Oct 2019

The 72nd American Business Conference & Exhibition (ABAC 2019), hosted by the National Business Aviation Association (NBAA), was held in Las Vegas on October 22-24, 2019. Representatives from Macau International Airport Company Limited (CAM) Mr. Frank Wu – Director of Logistic and General Aviation Development Department (LGD) and Ms. Aterly Kou - Administrative Assistant of LGD attended this event.

 

In addition to the display of more than 100 different types of business jets, the exhibition also focuses on the sustainable development of the general aviation industry future workforce, sustainability, aircraft intelligence and electric aircraft / eVTOL. More than 1,000 exhibitors from international business aviation manufacturers, operators and management service providers and more than 27,000 professional visitors participated. CAM representative took the opportunity to interact with the world's general aviation industry to gather industry updates, learn about trends and innovations in multiple areas.

 

Due to the trade friction between China and the U.S., recent international economy is not stable and results in a decline in the consumption power of the high-end market. As the main driving force for the growth of business jets in the Asia-Pacific region, the demand for the business jet market in Greater China has declined. General aviation movement of Macau surrounded cities fell by 4-17% from January to May 2019, general aviation industry in Macau has also been affected. (In the first three quarters of 2019, the number of general aviation movements at the Macau International Airport was 2,198, with a year-on-year 6.82% decrease.)

 

The “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area " mentioned to support the expansion of the Macau International Airport and the development of regional business jet business. The Macau International Airport is working with the general aviation industry to research in new aviation products and business models, taking the advantage of the increasingly sophisticated transportation channels of the Hong Kong-Zhuhai-Macao Bridge to carry out the business of the medium and short-haul business jets. CAM representative also leverage the industry's advanced experience from NBAA-ABAC 2019 to enhance the capabilities of the Macau business jets' various management guarantees and operation services.