Asian Sky Group releases Asia Pacific Business Jet Fleet Report

Coinciding with the premier industry event in Asia, ABACE, Hong Kong business aviation consulting firm Asian Sky Group (ASG) has released its flagship publication - the Asia Pacific Business Jet Fleet Report, providing a detailed review and analysis of the Asia based business jet fleet as of year-end 2016.

ASG’s Fleet Reports have grown into an all-encompassing look at the fast-growing Asia-Pacific region and its fleet. The highly-anticipated fifth instalment of this report contains all the expected information, including a detailed breakdown of the region’s business jet fleet by OEM, country, size category, operator, registration and age.

This year’s report also features a new market trends section which examines new & pre-owned activity levels, transaction volumes in terms of USD and intra-APAC fleet movements.

As with all ASG publications, the Year End 2016 Asia Pacific Business Jet Fleet Report will include interviews with industry leaders and ASG is honored to have the first industry interview with Embraer Executive Jets’ newly appointed President and CEO, Michael Amalfitano.

Also being featured is Marubeni Aerospace Corporation’s Assistant GM, Chie Matsuoka. Our aircraft spotlight will be on the Gulfstream’s 650 and 650ER, as well as Embraer’s 450 and 500.

Highlights of the report include:

  • The Asia-Pacific business jet fleet stood at 1,155 aircraft by year end 2016, a 3% increase over 2015. Overall, the region added 112 aircraft – 57 new and 55 preowned – but also saw 78 aircraft leave. While still positive, the 34 net additions in 2016 represent a further slowdown in growth across the region compared to the 58 net additions and 5.5% growth seen in 2015.
  • Pre-owned activity levels (acquisitions and sales in and out of the Asia-Pacific region) saw a dramatic increase in 2016 – from 71 in 2015 to 127 in 2016 (+79%), representing a 64% increase in business volume in terms of dollars from US$1.1B in 2015 to US$1.8B in 2016. When also considering new aircraft acquisitions, the number of total transactions in 2016 was 184 versus 131 in 2015 (+40%) and in dollars US$5.1B in 2016 versus US$3.7B in 2015 (+38%).
  • The top four markets of Mainland China, Australia, India and Hong Kong represent two-thirds of the region’s business jet fleet, combining for 769 aircraft.
  • Mainland China remains the largest single market in the Asia-Pacific region with 313 business jets, though its growth rate of 4% in 2016 continued the significant deceleration in growth witnessed in previous years, and which commenced in 2012/2013.
  • The top three OEMs in the region by market share were Bombardier, Gulfstream and Cessna, with 26%, 24% and 19% of the fleet, respectively. Whereas Bombardier and Gulfstream added aircraft to their fleet in 2016, Cessna’s contracted.

“ASG’s Business Jet Fleet Report is the report that started it all,” says ASG Managing Director, Jeffrey Lowe. “We started out examining only the Greater China fleet and, like the industry, have grown to examine the entire region. The Asia Pacific Business Jet Fleet Report has evolved into the industry’s authority on business jet data. We’re happy to provide this much-needed information and thrilled that its release coincides with ABACE, the region’s top industry event.”

View the Report here

BlueSky Business Aviation News | 13th April 2017 | Issue #412

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