China’s private jet fleet has shrunk by a third from its 2017 peak of 481 aircraft, according to business aviation consultancy Asian Sky Group. The decline affects mainland China, Hong Kong, and Macau, reflecting the impact of China’s weakening economy, anti-corruption campaigns, and Covid-19 pandemic on the ultra-wealthy segment. Meanwhile, the rest of Asia-Pacific saw a 20% increase in private jets over the same period, with India, Australia, and Japan leading the growth. The reduction in China’s fleet stems partly from sales by struggling property developers like China Evergrande Group, while other aircraft have relocated to Singapore and Japan, mirroring the exodus of wealthy Chinese.