Millionaires in search of new toys are set to fuel a fourfold jump in Asia’s share of private jets in the next five years. Asians may own as much as 20 percent of the global luxury jets fleet by 2017 as economic growth spawns new millionaires, said Singapore-based K.K. Yong, vice president of Jetsolution International Services Ltd. Southeast Asia will create the next wave of demand for private aircraft, benefiting General Dynamics Corp. (GD)’s Gulfstream, Embraer SA (EMBR3) and Textron Inc. (TXT)’s Cessna, the aviation consultant said. Rising affluence in Southeast Asia, China and India amid a boom in mining and ... (full story)