Guam-based fractional ownership and charter start-up ShareJet plans to open a second base in Singapore next month with a Gulfstream IV and says demand for business jets is picking up in the region after several years of decline.

ShareJet, which began operations last year with a Boeing Business Jet, is moving its GIV from Guam to Singapore's Seletar airport to serve the growing South-East Asian market and is negotiating to add a Dassault Falcon 50 that would also be available for charter.

The company selected Seletar after studying several airports in Asia, including Batam in Indonesia and Senai in Malaysia, and says it will rent space at the site from resident fixed-based operator Jet Aviation.

Source: Flight International