"Market very much under-penetrated": Citi bullish on Asia's private jet boom
The private jet market in Asia is maturing, moving beyond a culture of all-cash deals for new aircraft to a more sophisticated landscape where financing, pre-owned models, and a new generation of tech-savvy owners are taking flight.
In a conversation with AsianInvestor Wealth, Michael Francis, global head of Aircraft Finance at Citi, shared his observations on the spending habits of ultra-high-net-worth individuals (U/HNWIs), the growing potential for private jet financing in the region, and, most intriguingly, his own journey from being a pilot to an advisor.
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