China's business jet market is picking up speed, and companies at the Singapore Airshow are looking to capitalize on the opportunities. Miro Lu has the story.

Gulfstream aircraft are known for its luxury and reliability, which have helped them capture 70% of China's large-cabin market share.

Gulfstream has the largest business jet display at this year's Singapore Airshow, where the G500 and G600 planes are making their Asia debut. The industry leader believes the combination of large cabin size and long flight range will make these new models popular choices for Chinese buyers.

SCOTT NEAL, SR. PRESIDENT OF WORLDWIDE SALES GULFSTREAM "Our best-selling models in China have been G550 and G650ER, the long-range version of the G650, so they are really looking for that long range capability, but they are also looking for the reliability of Gulfstream. We have sale services in Beijing and Hong Kong. We have a service center at Beijing Capital Airport in Beijing. We station a lot of people and parts in the region to support our aircraft. I think the China market has a lot of room to grow and we are gonna continue to invest in China. Our goal is to maintain our number 1 market share position in China."

MIRO LU "French jet maker Dassault Falcon is another player, hoping to increase its market share in China. At the Singapore Airshow, they are featuring the latest model, Falcon 8X, a long-range luxury jet with a price tag of 60 million dollars."

JEAN MICHEL JACOB, PRESIDENT DASSAULT AVIATION FALCON ASIA-PACIFIC "You can see we have the quality that makes the famous French touch. But they are also looking for the quality in terms of technology, and it shows through things like our digital flight controls. We have the quality of a fighter, which makes the aircraft extremely safe in all the different phases of flight. There is no safer jet than a Falcon, by far. If you fly over the ocean for 10h and you lose an engine, you still have two engines."

The good news is the pie is big enough for everyone. The Hurun Business Jet Report estimates that there is enough demand for 1900 business jets to be operational in China. Currently, that number is below 500.

JEAN MICHEL JACOB, PRESIDENT DASSAULT AVIATION FALCON ASIA-PACIFIC "I saw over the last ten years an incredible change in the way people are getting used to this activity. Ten years ago it was still a curiosity; today it's really a part of daily life for people to use a business jet, and it's much easier to operate an aircraft in China today than it was ten years ago."

As more people own private jets and China catches up with the necessary infrastructure, aircraft manufacturers are set to cash in on this valuable niche market. Miro Lu, CGTN, Singapore.