Hong Kong pressing ahead with aviation reforms

In Hong Kong Financial Secretary John Tsang Chun-wah’s ninth budget speech, the increasing demand for air transport and aviation finance services was highlighted. He said that the increasing demand for international air transport services will “spur the rapid growth of the aviation business in Hong Kong and Asia” and confirmed that the government will “examine the use of tax concession to boost aircraft leasing business and explore business opportunities in aerospace financing”. The Economic Development Commission’s Transport Working Group, formed in 2013 and chaired by Hong Kong’s Chief Executive (CE), Mr. CY Leung, has been quietly chiseling out an exacting