ASIA PACIFIC REGION BUSINESS JETS Year End 2015€¦ · ASIA PACIFIC REGION BUSINESS JET FLEET...

ASIA PACIFIC REGIONBUSINESS JETSYear End 2015

ASIAN SKY GROUP (ASG), headquartered in Hong Kong with offices throughout Asia, has assembled the most experienced aviation team in the Asia-Pacific region to provide a wide range of independent services for both fixed and rotary-wing aircraft. ASG also provides access to a significant customer base around the world with the help of its exclusive partners.

ASG is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with over US$1 billion in revenue and US$3 billion in assets, and also by Avion Pacific Limited, a mainland China-based general aviation service provider with over 20 years of experience and 6 offices and bases throughout China.

ASG provides its clients with four main business aviation services:1. Sales & Acquisitions including Transactional Advisory;2. Market Research and Consulting including Special Projects;3. Operation Oversight including Completion Management, Audits, Invoice Review and Aircraft Appraisals, and;4. Luxury Charter Services.

The acclaimed Asian Sky Fleet Reports are produced by ASG’s Market Research and Consulting group. ASG has a growing portfolio of business aviation reports designed to provide valued information so that the reader can make better informed business decisions. Included in the portfolio are Asian Sky Asia-Pacific Fleet Reports for both Civil Helicopters and Business Jets, the Africa Business Jet Fleet Report and the all new industry leading Asian Sky Quarterly magazine.

Asian Sky Group would like to acknowledge the gracious contributions made by numerous organisations, including aircraft operators, OEMs, aviation authorities and JETNET LLC in providing data for this report.

Should you wish to reproduce or distribute any portion of this report, in part or in full, you may do so by mentioning the source as: “Asian Sky Group, a Hong Kong based business aviation consulting group”.

Thank you for your interest in this report. We hope you will find the information useful. If you would like to receive further information about our other aviation reports and services, please contact us at [email protected] or visit us at www.asianskygroup.com.

ABOUT ASIAN SKY GROUP

CONTRIBUTION

Beijing

PenglaiSeoul

Shanghai

Hong Kong

Manila

Chengdu

Shenzhen

Bangkok

INTRODUCTION

TABLE OF CONTENTSEXECUTIVE SUMMARY ……………………….............................................................……………5

Upcoming Aircraft: Gulfstream G500............................................................……………6 2015 OVERVIEW: ADDITIONS AND DEDUCTIONS.......……....................……….…......……...9

2015 FLEET BREAKDOWN BY COUNTRY & SIZE CATEGORY............................................15

Personality Profile: Kevin Wu, Textron Aviation…...………….........................................24

2015 FLEET BREAKDOWN BY OEM................................................................................26

Corporate Profile: Taj Air Metrojet Aviation ................................................................36

2015 GROWTH BY OEM, SIZE & COUNTRY.....................................................................39

GREATER CHINA OVERVIEW............................................................................................48

2015 Growth & Forecast for 2016.............................................................................57

2015 OPERATOR OVERVIEW...........................................................................................67

Corporate Profile: Hawker Pacific Aircraft Management...........................................70

Upcoming Aircraft: Gulfstream G600.........................................................................84

2015 OVERVIEW: FLEET AGE AND REGISTRATIONS.......................................................87

ASIA PACIFIC SUPPORT INFRASTRUCTURE BY OEM.......................................................98

ASIA PACIFIC FIXED-BASE OPERATORS (FBOs).............................................................107

FINANCING & LEGAL FIRMS..........................................................................109

INTERIOR COMPLETION CENTRES ...............................................................................110

Corporate Profile: Flying Colors Corp.…….…………………...........................................114

ASIA PACIFIC CHARTER AIRCRAFT............…………..........................………..……....……....116 AIRCRAFT MODELS POSITIONING...................................................................……........119

PRE-OWNED AIRCRAFT FOR SALE……...............................………………...…….............….121

Asian Sky Group (ASG) is pleased to present the 4th edition of its Business Jet Fleet Report. Originally just covering the Greater China region, this edition has been extended to cover an Asia Pacific region which includes the important markets of India, Australia and New Zealand. ASG’s Fleet Reports provide the most comprehensive coverage and breakdown of the business jet fleet in the Asia Pacific region. It has established itself as an indispensable source of valued information for the whole business aviation community.

For copies of ASG’s various industry reports, please visit www.asianskygroup.com.

Note (1): Fleet distribution is based on business jets in service at their active base of operation.Note (2): 2014 data for Australia, India, New Zealand and other Oceania Islands has been determined by deducting from 2015 fleet total new

and pre-owned deliveries less any aircraft that are known to have left a country but remained in the Asia Pacific region.

44 49

Indonesia

Australia

Macau

Myanmar

Bangladesh

India

Cambodia

Hong Kong

Vietnam

Thailand

Taiwan

South Korea

JapanChina

Singapore

Brunei

Papua New Guinea

13

116

1

1

12

132

1

63 63

289300

3 3

3

139

3

145

19 22

33 33

3

45

3

52

3 3

20 20

172184

ASIA PACIFIC REGION

(+16%)(+4%)

(+5%) (0%)

(+7%) (+11%)

(+17%)

(N/A)

(N/A)

(0%)

(+14%)

(+4%)

(+7%)

(-8%)

(+12%) (+16%)

(+14%) (0%)

(+13%) (+16%)

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 20152

(+19%) (0%)

Largest Market

Largest Fleet Additions

2014 1,068

2015 1,134+6.2%

Samoa

New Zealand

New Caledonia

Philippines

Malaysia

44

48

49

46

1

8

1

12

1

ASIA PACIFIC REGION – BUSINESS JET FLEET

ASIA PACIFIC REGION

(N/A) (+50%)

(+13%) (+11%)

(+12%) (-4%)

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 3

Highest Growth Rate

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 5ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2015 5

EXECUTIVE SUMMARY


The Asia Pacific business jet fleet stood at 1,134 aircraft by year end 2015, a 6.2% increase over the prior year, and in line with most market forecasts. Overall, the region added 140 aircraft – 66 new and 74 pre-owned – but also saw 74 aircraft leave.

China remains the largest market in the Asia Pacific region with 300 business jets, though its growth rate was just 3.8% in 2015, reflecting a significant deceleration from previous years. A number of factors contributed to this deceleration, which are described in detail throughout this report.

After China, the next two largest markets in the Asia Pacific region are Australia with 184 aircraft (7% growth in 2015) and India with 145 aircraft (4% growth in 2015).

Hong Kong saw the largest number of aircraft added to its fleet in 2015, and increase of 16 business jets, which was partly a reflection of ongoing changes in the China market.

Taken together, the key territories of China, Hong Kong, Australia and India represent over two-thirds of the region’s business jet fleet.

The top three OEMs in the Asia Pacific region by market share are Bombardier, Gulfstream and Cessna, with 27%, 23% and 19% of the fleet, respectively.

Examining only fleet additions in 2015, Bombardier saw the largest increase with 51 additional aircraft (28 new and 23 pre-owned). The most popular added model across the region was the Global 6000, and the fastest growing size category was the ‘long range’ segment.

The top 20 operators in the Asia Pacific region fly 35% of the fleet, with 9 of the top 10 being operators in Greater China. Australia and India have the most operators, but these markets are extremely fragmented where 70% and 67% of the operators have just a single aircraft.

From an age perspective, the Asia Pacific region remains one of the world’s youngest, with 63% of fleet being less than 10 years old (Hong Kong has the youngest and Australia the oldest fleet, on average).

The US aircraft (N) registration is still the most popular in the Asia Pacific region, and is currently being utilized in at least 15 countries.


Introduced in October 2014 amid secrecy, fanfare and a surprise powered roll-out, the Gulfstream G500 is a long-range jet that offers an optimized package of performance, comfort and technology. Most notable among the aircraft’s attributes is its speed, the result of a highly swept wing and powerful, yet efficient, Pratt & Whitney Canada PW814GA engines. Taken together, this combination in the G500 plus its advanced airframe design propels eight passengers and their luggage to an altitude of 51,000 feet, 5,000 nautical miles (9260 km) at Mach 0.85, the perfect balance between altitude, range and speed allowing passengers to maximize every minute of their travel time. What’s more, the G500 offers segment-leading fuel efficiency that is 11 percent to 26 percent better than its competitors. Short takeoff distances mean the aircraft can also deliver outstanding performance when departing from demanding airports.

All of that performance comes in a wide-body package that maximizes passenger comfort. The finished cabin, which measures 91 inches wide (2.41m) and 74 inches tall (1.93m), provides plenty of flexibility, with the ability to carry up to 19 passengers in three living areas. The aircraft’s uniquely shaped cross-section allows for generous elbow and shoulder room for seated passengers while also offering plenty of headroom for those moving about the

cabin. Pedestal-mounted conference tables provide a stable work space that is height adjustable. A wealth of options means each living area can be tailored to create the perfect combination. The aircraft features both forward and aft lavatories and a full-sized galley that can be located in either the forward or aft portion of the aircraft unique to this class of aircraft. Ample storage space is prevalent throughout, especially in the baggage compartment, which offers 175 cubic feet of usable volume.

The cabin environment is further enhanced by an industry-leading cabin altitude of 4,850 feet/1,578 m at FL510 and 100 percent fresh air that boosts mental alertness and productivity while reducing fatigue. With the quietest cabin in the industry, the G500 provides an ideal environment for work-related discussion or social conversation. The G500 also offers the same panoramic oval windows found on the G650 and G650ER, allowing natural light to pour into the cabin and further enhance the passenger environment, making it perfect for getting work done or relaxing. If passengers want to watch a movie, they have their choice of options, with a high-definition entertainment system that can stream to 19 different devices simultaneously.

In the G500 detail and personalized styling gets special attention too. Owners can choose from the finest materials,


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 77ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015

such as handmade carpets of silk or cashmere, hand-stitched leather dyed to the color of one’s choosing, and wood veneers sourced from around the world. Gulfstream design teams will assist throughout the cabin design process, helping create an aircraft tailored to the owner’s needs and tastes, utilizing the most elegant materials available.

In the flight deck, cutting-edge technology comes in the form of active control sidesticks and integrated touchscreen panels.

The industry-first active control sidesticks offer enhanced safety and situational awareness over passive sticks through tactile feedback. The sidesticks enable direct pilot input to be transmitted to the actuators controlling flight surfaces. Electronic linking of the sidesticks enable the pilot and co-pilot to see and feel each other’s control inputs, which helps improve pilot coordination in the cockpit.

Adding to the pilots’ more intuitive interaction with the aircraft are 10 integrated touchscreens, which help reduce the number of cockpit switches by 70 percent. These touchscreens will be used for system controls, flight management, communication, checklists and monitoring weather and flight information.

The G500 is currently undergoing flight test, with four of five test articles already in flight. Together, the four aircraft have flown more than 700 hours, achieving a top speed of Mach 0.995 and a maximum altitude of 53,000 feet. On the ground, four labs are dedicated to ground testing and systems integration, with more than 43,000 hours of testing already complete. The G500 is expected to receive Federal Aviation Administration certification in 2017, with entry into service in 2018.

PERFORMANCE

Maximum Range: 5,000 nm / 9,260 kmHigh-Speed: Mach 0.90 / 516 ktasLong-Range: Mach 0.85 / 488 ktasMaximum Operating Speed: Mach 0.925Takeoff Distance(SL, ISA, MTOW): 5,200 ft / 1,585 mLanding Distance(SL, ISA, MLW): 3,100 ft / 945 mInitial Cruise Altitude: 41,000 ft / 12,497 mMaximum Cruise Altitude: 51,000 ft / 15,545 m

WEIGHTS

Maximum Takeoff: 76,850 lb / 34,859 kgMaximum Landing: 64,350 lb / 29,189 kgMaximum Zero Fuel: 52,100 lb / 23,632 kgBasic Operating (including 3 crew): 46,600 lb / 21,137 kgMaximum Payload: 5,500 lb / 2,495 kgPayload with Maximum Fuel: 1,800 lb / 816 kgMaximum Fuel: 28,850 lb / 13,086 kg

EXTERNAL

Length: 91 ft 2 in / 27.78 mOverall Span: 87 ft 1 in / 26.55 mHeight: 25 ft 6 in / 7.78 m

INTERNAL

Total Interior Length: 47 ft 7 in / 14.50 mCabin Length (excluding baggage): 41 ft 6 in / 12.65 mCabin Height: 6 ft 4 in / 1.93 mCabin Width: 7 ft 11 in / 2.41 mCabin Volume: 1,715 cu ft / 48.56 cu mBaggage Compartment (usable volume): 175 cu ft / 4.96 cu m

DESIGN STANDARDS

Avionics: Gulfstream Symmetry Flight Deck™Engines: Two Pratt & Whitney Canada PW815GARated Takeoff Thrust (each): 15,144 lb / 67.36 kNPassengers (Typical Outfitting): Up to 19 / 3 Crew

ASIA PACIFIC REIGION BUSINESS JET FLEET REPORT – YEAR END 20158

2015 OVERVIEW: ADDITIONS AND DEDUCTIONS

The Asia Pacific region saw the net addition of 66 business jets in 2015, a growth rate of 6.2%.

Underpinning this increase were 140 business jets entering the Asia Pacific region (split 47% / 53% between new and pre-owned additions), and a reduction of 74 aircraft leaving the region.

The leading OEM by number of deliveries in 2015 was Bombardier with 51 additional new and pre-owned aircraft additions (36% market share). This was followed by Gulfstream with 39 and Cessna with 16, for a 28% and 11% market share, respectively.

Whereas Bombardier, Gulfstream and Embraer each delivered more new aircraft than pre-owned into the Asia Pacific region in 2015, Cessna and the rest of the OEMs all saw more pre-owned aircraft added into the region than new.

Similar to the profile of added aircraft, of those that left the region, 25 aircraft were Gulfstream, 18 were Bombardier and 8 were Cessna, due in part to trade-in factors or owners deciding to upgrade but remain with the same OEM.

The most commonly added business jet model to the Asia Pacific fleet in 2015 (for both new and pre-owned deliveries) was the Global 6000, with a total of 15 additional aircraft, followed by the G450 with 12, the G550 with 9, the Global 5000 with 8 and the G650 with 7; further establishing that the Asia Pacific region is a ‘large cabin size and up’ business jet market.

This was further illustrated by combined deliveries of the ‘Global family’ from Bombardier and the ‘G450/550’ family from Gulfstream: 23 Globals and 21 G450s/550s. A key difference however is that 17 of the Global aircraft were new versus only 9 of the G450s/550s. The Global family also saw only 6 deductions whereas the G450/550 family saw 11, though some of these G450/G550 reductions reflected new G650 deliveries and orders.

The territories in the Asia Pacific region with the most activity in 2015 were Hong Kong and China, including for both deliveries and reductions.

Another active pre-owned market was Australia with 18% of all added aircraft, and Singapore, which accounted for 16% of all deductions. As Australia is a very mature business jet market, it is not surprising to see a well-established and thriving pre-owned market.



ASIA PACIFIC REGION

34+25+11+7+7+7+5+4+G

Fleet Additions – Asia Pacific Region

42+30+9+8+5+3+3+GNew Deliveries

Airbus 2 (3%)

Bombardier 28 (42%)

Dassault 2 (3%)

Cessna 5 (8%)

Boeing 3 (5%)

Embraer 6 (9%)

Gulfstream20 (30%)

+66

Pre-owned Additions

30+26+15+11+10+3+3+1+1+GBoeing 2 (3%)

Embraer 2 (3%)

Hawker 1 (1%)Others 1 (1%)

Bombardier 23 (31%)

Gulfstream 19 (26%)

Airbus 7 (9%)

Dassault 8 (11%)

Cessna 11 (15%)

+74

Deductions

Airbus 3 (4%)

Gulfstream 25 (34%)

Bombardier 18 (24%)

Boeing 4 (5%)

Embraer 5 (7%)

Cessna 8 (11%)

Hawker 6 (8%)

Dassault 5 (7%)

-74

Net Additions - 2015


Net Additions Per Model – New vs Pre-owned66 in totalThe most popular business jet models to be added to the Asia Pacific region fleet in 2015 were the Bombardier Global 6000, Gulfstream G450 and G550.

Deductions (-74)

New Deliveries (66)

Pre-owned (74)

ACJ319

BBJ

Global 6000

Global 5000

Global Express XRS

Citation CJ4

Falcon 2000/DX/EX EASy

Phenom 100

G450

G650ERG300/G350

G-III

Citation Excel/XLS/+

Falcon 900EX/EASy

Lineage 1000

G280

G-II

ACJ318

Challenger 605

Challenger 800/850

Learjet 45/XR

Citation S/II/Bravo/II/SP

Falcon 2000LX/LXS

Legacy 500

G650

G500

G-V

Hawker 800A/B/850XP/XPI/125-AHawker 1000A/B

Learjet 35/A/36/A

Citation Mustang

Falcon 7X

Global Express

Citation Sovereign/+

ACJ320

737-200 ADVANCED

Challenger 604

Learjet 31/A

Learjet 75

Citation 500/I/SP

Falcon 2000S

Legacy 650Legacy 600

G550

G200

G-IV/IV-SP

Hawker 900XP

Nextant 400XT/XTi

Learjet 60/XR

Citation CJ2/+

Falcon 900LX

ACJ330

-1 1

3 2

22

3

3

12

1

1

1

1

1

1

12

4

1

4

5

1

1

3

3

32

1

1

2111

2

2 10

3

2

2

1

1

6

2

2

1

1

1

3

7

11

1

1

1

4

-1

-1

-1

-1

-1-1

-1

-1-1

-1

-1

-1

-1

-1

-1

-1

-1

-1

-1-3

-5

-2-2

-4

-3

-3

-4

-4

-2

-2

-6

-3

-3

-1

-3

-2

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Cess

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2

5

5

Challenger 300/350Challenger 870

3-2

ASIA PACIFIC REGION

+33

+6

+1

+8

+5

+3

+14

-5

+1


2015 New Deliveries by Country and Aircraft Model66 in Total

Airbus ACJ318 1 1 2%ACJ319 1 1 2%

Boeing BBJ 3 3 5%Bombardier Challenger 300/350 1 1 1 3 5%

Challenger 605 2 2 1 5 8%Challenger 800/850 1 1 2%Challenger 870 1 1 2%Global 5000 2 1 1 1 5 8%Global 6000 5 1 2 2 1 1 12 18%Learjet 75 1 1 2%

Cessna Citation CJ4 3 3 5%Citation Excel/XLS/+ 1 1 2 3%

Dassault Falcon 2000LX/LXS 1 1 2%Falcon 7X 1 1 2%

Embraer Legacy 500 1 1 2%Legacy 650 2 1 3 5%Phenom 100 1 1 2 3%

Gulfstream G280 1 2 3 5%G450 2 2 3%G550 2 2 1 1 1 7 11%G650 5 1 6 9%G650ER 1 1 2 3%Total 18 17 6 6 4 4 4 3 2 1 1 66

% of Total 27% 26% 9% 9% 6% 6% 6% 5% 3% 2% 2%

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ASIA PACIFIC REGION


2015 Pre-Owned Additions by Country and Aircraft Model74 in Total

Airbus ACJ319 3 1 4 5%

ACJ320 1 1 2 3%

ACJ330 1 1 1%

Boeing BBJ 2 2 3%

Bombardier Challenger 604 4 4 5%

Challenger 605 1 1 1%

Challenger 800/850 2 2 3%

Global 5000 2 1 3 4%

Global 6000 1 1 1 3 4%

Global Express XRS 1 1 1 1 1 5 7%

Learjet 31/A 1 1 2 3%

Learjet 35/A/36/A 1 1 1%

Learjet 45/XR 1 1 1%


Cessna Citation 500/I/SP 1 1 2 3%

Citation CJ4 1 1 1%

Citation Excel/XLS/+ 1 1 1%

Citation Mustang 1 3 4 5%

Citation S/II/Bravo/II/SP 2 1 3 4%

Dassault Falcon 2000/DX/EX EASy 1 1 2 3%

Falcon 2000S 1 1 1%

Falcon 7X 1 1 1 3 4%

Falcon 900EX/EASy 1 1 1%

Falcon 900LX 1 1 1%

Embraer Legacy 600 2 2 3%

Gulfstream G200 1 1 2 3%

G450 1 1 1%

G450 3 3 1 1 2 10 14%

G500 1 1 1%

G550 1 1 2 3%

G650 1 1 1%

G65OER 1 1 1%

G-V 1 1 1%

Hawker Hawker 800A/B/850XP/XPI 1 1 1%

Nextant Nextant 400XT/XTi 1 1 1%

Total 14 13 13 7 6 6 6 4 2 1 1 1 74

% of Total 19% 18% 18% 9% 8% 8% 8% 5% 3% 1% 1% 1%

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ASIA PACIFIC REGION


2015 Deductions by Country and Aircraft Model74 in Total

Airbus ACJ319 1 1 1%

ACJ320 1 1 1%

ACJ330 1 1 1%

Boeing BBJ 1 1 1 3 4%

737-200 ADVANCED 1 1 1%

Bombardier Challenger 300/350 2 2 3%

Challenger 605 1 1 1%

Challenger 800/850 1 1 1%

Global 5000 2 1 1 4 5%

Global 6000 1 1 2 3%

Global Express 1 1 1%

Global Express XRS 3 1 4 5%

Learjet 35/A/36/A 1 1 1%



Cessna Citation CJ2/+ 1 1 1%

Citation CJ4 1 1 1%

Citation Excel/XLS/+ 1 1 1%

Citation Mustang 3 3 4%

Citation Sovereign/+ 1 1 2 3%

Dassault Falcon 7X 2 1 1 4 5%

Falcon 900LX 1 1 1%

Embraer Legacy 600 1 1 2 3%

Legacy 650 1 1 2 3%

Lineage 1000 1 1 1%

Gulfstream G200 1 1 1 3 4%

G450 1 1 2 1 1 6 8%

G500 1 1 1%

G550 1 4 5 7%

G650 1 1 1%

G650ER 1 1 1%

G-II 1 1 1%

G-III 1 1 1%

G-IV/IV-SP 2 1 3 4%

G-V 2 1 3 4%

Hawker Hawker 800/850 Family 1 1 1 3 4%

Hawker 900XP 1 1 2 3%

Hawker 1000A/B 1 1 1%

Total 19 16 12 7 5 4 1 2 3 1 1 1 1 1 74

% of Total 26% 22% 16% 9% 7% 5% 1% 3% 4% 1% 1% 1% 1% 1% 1%

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ASIA PACIFIC REGION


2015 FLEET BREAKDOWN BY COUNTRY & SIZE CATEGORY

With 66 net aircraft added to the Asia Pacific business jet fleet in 2015, the total fleet has now grown to 1,134 aircraft.

The largest market is China, representing 26% of the total fleet (300 aircraft), followed by Australia with 16% (184 aircraft), India with 13% (145 aircraft) and Hong Kong with 12% (132 aircraft). Combined, the top 4 territories represent 67% of the total fleet.

The top 3 OEMs in terms of market share are Bombardier with 27%, Gulfstream with 23% and Cessna with 19%, together representing nearly 70% of the total Asia Pacific business jet fleet. This 1-2-3 ranking mirrors the net additions for each of the OEMs in 2015: Bombardier +33 aircraft, Gulfstream +14 aircraft and Cessna +8 aircraft.

Examining the top 4 markets individually and the top 3 largest OEM’s in each by market share:• China Gulfstream 32%, Bombardier 25% and Cessna 13% - total 70%• Australia Cessna 40%, Bombardier 35% and Hawker 7% - total 82%• Hong Kong Gulfstream 47%, Bombardier 36% and Dassault 5% - total 88%• India Cessna 22%, Bombardier 22% and Hawker 21% - total 65%

The three largest OEMs by market share represent 65% or more of the fleet in each of the top 4 Asia Pacific markets.

Bolstered by its diverse product range, Bombardier is the only OEM with a top 3 market share position in all 4 top markets, and leading to its overall market share ranking for the Asia Pacific region.

Gulfstream’s long range aircraft and dedicated branding efforts have positioned it with the leading market share in the Greater China region, which includes 171 of its aircraft and represents 65% of its total Asia Pacific fleet.

A similar mission profile and dedicated customer base to that of the United States has factored into Cessna’s leading market share in Australia.

The Indian market is relatively fragmented compared to the other top markets, and as a result all three of the OEMs referenced above have significant but effectively identical market share.

Given the significance of the China market and that 27% of its total fleet is made up of long-range category aircraft, it is not too surprising that for the total Asia Pacific region ‘long-range’ aircraft constitute the largest market share overall (with 24% of the total fleet). This is followed by the ‘large’ aircraft category with 22% (26% of the China fleet) and the ‘light’ aircraft category with 19% of the total fleet (41% of the Australian fleet).

15ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015


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Aust

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184

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Fleet by OEM & Country – Asia Pacific Region

Airbus 14 1 2 4 1 1 1 2 2 3 1 1 1 34 3% +21%Boeing 8 1 1 6 2 2 1 2 2 1 5 2 33 3% +6%Bombardier 75 64 31 48 29 13 10 5 15 1 6 3 4 1 1 306 27% +12%Cessna 39 73 32 1 4 11 26 9 8 8 6 2 1 220 19% +4%Dassault 34 8 19 7 2 4 2 7 3 1 1 2 1 91 8% +6%Embraer 20 5 17 3 7 13 1 1 2 69 6% +5%Gulfstream 98 9 12 62 18 7 10 11 8 10 8 2 3 2 3 1 264 23% +6%Hawker 12 14 31 2 3 10 9 3 1 7 3 1 1 1 98 9% -5%Others 9 2 1 4 1 2 19 2% +6% Total 300 184 145 132 63 52 49 49 46 33 22 20 12 12 3 3 3 3 1 1 1 1,134

% of Total 26% 16% 13% 12% 6% 5% 4% 4% 4% 3% 2% 2% 1% 1%

% Change from 2014 +3% +7% +4% +14% +16% +11% +11% -4% +16% -8% +50%

ASIA PACIFIC REGION


27+23+19+9+8+6+3+3+2+GAirbus 14 1 2 4 1 1 1 2 2 3 1 1 1 34 3% +21%Boeing 8 1 1 6 2 2 1 2 2 1 5 2 33 3% +6%Bombardier 75 64 31 48 29 13 10 5 15 1 6 3 4 1 1 306 27% +12%Cessna 39 73 32 1 4 11 26 9 8 8 6 2 1 220 19% +4%Dassault 34 8 19 7 2 4 2 7 3 1 1 2 1 91 8% +6%Embraer 20 5 17 3 7 13 1 1 2 69 6% +5%Gulfstream 98 9 12 62 18 7 10 11 8 10 8 2 3 2 3 1 264 23% +6%Hawker 12 14 31 2 3 10 9 3 1 7 3 1 1 1 98 9% -5%Others 9 2 1 4 1 2 19 2% +6% Total 300 184 145 132 63 52 49 49 46 33 22 20 12 12 3 3 3 3 1 1 1 1,134

% of Total 26% 16% 13% 12% 6% 5% 4% 4% 4% 3% 2% 2% 1% 1%

% Change from 2014 +3% +7% +4% +14% +16% +11% +11% -4% +16% -8% +50%

Total% of Total

% ChangeFrom 2014

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22

Sout

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rea

20

Mac

au

12

New

Zea

land

12

Bang

lade

sh

3

Brun

ei

3

Cam

bodi

a

3

Papu

a N

ew

Gui

nea

3

Mya

nmar

1

New

Cal

edon

ia

1Sa

moa

1

Cessna 220 (19%)

Dassault 91 (8%)

Gulfstream 264 (23%)

Airbus 34 (3%)

Embraer 69 (6%)

Others 19 (2%)Boeing 33 (3%)

Bombardier 306 (27%)

1,134Hawker98 (9%)

ASIA PACIFIC REGION


33+25+13+11+7+5+4+2+G34+25+17+8+8+8+G 36+27+14+14+4+5+G

47+36+5+5+3+2+2+GGulfstream 98 (32%)

Boeing 8 (3%)

Airbus 14 (5%)

Hawker 3 (14%)

Airbus 1 (8%)

Airbus 3 (14%)

Dassault 1 (8%)

Gulfstream 3 (25%)

Bombardier 4 (34%) Boeing 1 (4%) Embraer 1 (5%)

Gulfstream 8 (36%)

Bombardier 6 (27%)

Embraer 2 (17%)

Hawker 1 (8%)

Gulfstream 62 (47%)

Hawker 2 (2%)

Bombardier48 (36%)

Dassault 7 (5%)

Boeing 6 (5%) Airbus 4 (3%)

Embraer 3 (2%)

Embraer 20 (7%)

Bombardier 75 (25%)

Hawker 12 (4%)

Dassault34 (11%)

Cessna39 (13%)

Macau

Hong KongChina

Taiwan

12 22

300 132

Fleet by OEM & Countries – Top MarketsASIA PACIFIC REGION


India

South KoreaJapan

Thailand

53+23+10+6+4+2+2+G 38+29+14+9+5+5+GAirbus 1 (2%)

Dassault 2 (4%)

Boeing 5 (25%)

Gulfstream 2 (10%)

Hawker 1 (5%) Airbus 1 (5%)

Cessna 8 (40%)

Hawker 3 (6%)

Cessna 26 (53%)

Boeing 1 (2%)

Bombardier5 (10%)

Bombardier3 (15%)

Gulfstream11 (23%)

24+21+21+13+11+8+1+1+G 31+24+21+9+6+6+3+GHawker 7 (21%)

Embraer 17 (12%)

Dassault 3 (9%)

Gulfstream 12 (8%)

Gulfstream 10 (31%)

Cessna 8 (24%)

Dassault19 (13%)

Bombardier 31 (22%)

Boeing 1 (1%)

Airbus 2 (1%)

Cessna 32 (22%)

Hawker 31 (21%)

Airbus 2 (6%)

Boeing 2 (6%) Bombardier 1 (3%)

49 20

145 33

ASIA PACIFIC REGION


Singapore

MalaysiaPhilippines

Indonesia

22+22+20+18+8+6+2+2+G 33+20+18+15+4+4+2+2+2+GDornier 1 (2%)

Westwind 3 (6%)

Boeing 2 (4%)

Airbus 2 (4%)

Eclipse 1 (2%)Hawker 1 (2%)

Embraer 1 (2%)Dassault 4 (8%)

Gulfstream 10 (20%) Gulfstream 8 (18%) Cessna 9 (20%)

Airbus 1 (2%)

Hawker9 (18%)

Dassault7 (15%)

Cessna 11 (23%)

Bombardier15 (33%)

Bombardier10 (20%)

44+29+11+5+3+2+2+2+2+G 25+25+19+13+8+4+4+2+GGulfstream7 (13%)

Cessna 4 (8%)

Embraer7 (11%)

Hawker 3 (5%)

Bombardier 29 (46%)

Bombardier 13 (25%)

Gulfstream 18 (28%)

Boeing 2 (4%)

Dassault 2 (4%) BAE 1 (2%)Cessna 1 (2%)

Airbus 1 (2%)

Boeing 2 (3%)

Sabreliner 1 (1%)

Nextant 1 (2%)

Embraer 13 (25%)Hawker 10 (19%)

49

63 52

46

ASIA PACIFIC REGION


40+34+8+5+4+4+3+2+G 50+17+9+8+8+8+GOthers 3 (2%)

Cessna 73 (40%)

Dassault 8 (4%)

Gulfstream 2 (17%)

Bombardier 1 (8%) Dassault 1 (8%)

Cessna 6 (50%)

Westwind 8 (4%)

Bombardier 64 (35%)

Embraer 5 (3%)

Gulfstream 9 (5%)

Westwind 1 (8%)

Nextant1 (9%)

Hawker14 (7%)

New ZealandAustralia

184 12

ASIA PACIFIC REGION


11+24+22+20+15+8+GLight 220 (20%) Large 253 (22%)

Medium 175 (15%)

Corp. Airliner 123 (11%)Very Light 86 (8%)

Long Range 277 (24%)

ASIA PACIFIC REGION

Fleet by Size Category – Asia Pacific Region

3346494952

63

132145

184

300

11133331212

2022

Sam

oa

New

Cal

edon

ia

Mya

nmar

Papu

a Ne

wGu

inea

Cam

bodi

a

Brun

ei

Bang

lade

sh

New

Zea

land

Mac

au

Sout

h Ko

rea

Taiw

an

Thai

land

Mal

aysi

a

Philip

pine

s

Japa

n

Indo

nesi

a

Sing

apor

e

Hong

Kon

g

Indi

a

Aust

ralia

Chin

a

Corp. Airliner 60 2 8 15 3 4 2 3 4 4 5 6 3 3 1 123 +8%

Long Range 81 31 18 71 17 9 12 2 9 7 7 4 3 3 1 1 1 277 +11%

Large 79 26 33 34 22 18 5 10 11 3 2 1 5 1 1 1 1 253 +7%

Medium 38 21 36 12 11 7 4 14 13 10 5 1 1 1 1 175 -2%

Light 24 78 35 7 12 20 16 7 6 3 5 4 2 1 220 +6%

Very Light 18 26 15 3 2 6 4 2 3 3 4 86 +4%

Total 300 184 145 132 63 52 49 49 46 33 22 20 12 12 3 3 3 3 1 1 1 1,134

% Change from 2014

+4% +7% +4% 14% 16% 11% 11% -4% 16% -8% 50%++ + + ++

Total % ChangeFrom 2014

1,134


ASIA PACIFIC REGION

Corp. Airliner 60 2 8 15 3 4 2 3 4 4 5 6 3 3 1 123 +8%

Long Range 81 31 18 71 17 9 12 2 9 7 7 4 3 3 1 1 1 277 +11%

Large 79 26 33 34 22 18 5 10 11 3 2 1 5 1 1 1 1 253 +7%

Medium 38 21 36 12 11 7 4 14 13 10 5 1 1 1 1 175 -2%

Light 24 78 35 7 12 20 16 7 6 3 5 4 2 1 220 +6%

Very Light 18 26 15 3 2 6 4 2 3 3 4 86 +4%

Total 300 184 145 132 63 52 49 49 46 33 22 20 12 12 3 3 3 3 1 1 1 1,134

% Change from 2014

+4% +7% +4% 14% 16% 11% 11% -4% 16% -8% 50%

Corporate Airliner

Dornier 328JETBoeing 727-100Boeing 737-400Boeing 747-400Boeing 757-200Boeing 767-200ERBoeing 787-8Airbus A319ERAirbus 340-200ACJ318ACJ319ACJ320ACJ330BBJBBJ2Challenger 800/850Challenger 870CRJ100/200/VIPERJ135ER/LRLineage 1000BAE 146

Long Range

Falcon 7XGulfstream G500*Gulfstream G550Gulfstream G650Gulfstream G650ERGlobal 5000Global 6000Global ExpressGlobal Express XRSGulfstream V

Large

Challenger 600/601Challenger 604Challenger 605Falcon 2000/DX/EX EASyFalcon 2000LX/LXSFalcon 2000SFalcon 900/C/DXFalcon 900EX/EASyFalcon 900LXGulfstream G300/G350Gulfstream G450Gulfstream IIGulfstream IIIGulfstream IV/IV-SPLegacy 600Legacy 650

Medium

Challenger 300/350Citation Sovereign/+Citation X/+Falcon 20D/F-5Falcon 50Gulfstream G100/G150Gulfstream G200Gulfstream G280Hawker 1000A/BHawker 4000Hawker 700A/B/750Hawker 800A/B/850XP/XPI/125-1AHawker 900XPLearjet 60/XRLegacy 500

Light

Citation 500/I/SPCitation CJ2/+Citation CJ3Citation CJ4Citation Encore/+Citation Excel/XLS/+Citation III/VI/VIICitation S/II/Bravo/II/SPCitation Ultra/VFalcon 10Hawker 400/A/B/Diamond IHawker 400XPLearjet 31/ALearjet 35/A/36/ALearjet 40Learjet 45/XRLearjet 75Nextant 400XT/XTiPhenom 300Sabreliner 65Westwind 1/2

Very Light

Citation 525/CJ1/+/M2Citation MustangEclipse 500Learjet 24/B/D/E/25BPhenom 100Premier I/IA

Size Category Description

* Gulfstream G500 is a former variant of the G550, introduced into service in 2004.

ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 201524

Kevin Wu, Vice President International Sales Greater China and Mongolia


ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2015 25

Kevin Wu is the International Vice President, Greater China & Mongolia Sales for Textron Aviation. He also services as Chairman of the Asian Business Aviation Association (AsBAA) and Co-Chairman of the Aerospace Forum under the American Chamber of Commerce (AmCham) in China.

Wu’s 30-year aviation career had its seeds planted as early as his high school days when during the high education examination periods in China, he had to pick a field as his career. “Aviation at the time was a dream that was far out of reach of most ordinary people’s lives,” he said. Naturally drawn to breaking new ground and overcoming obstacles, Kevin saw opportunities where others saw hurdles. “I decided that it was worth taking the chance to apply into the aviation sector. If I applied, at least I would have a fighting chance,” recalled Wu.

With a degree in Air Traffic Management from the prestigious Civil Aviation University of China (CAUC) in Tianjin, for the next six years following his graduation Wu honed his skills as an air traffic controller in the Xi’an and Guilin international airports. “It was during this time that I developed so many skills that are still serving me to this day, including clear, concise, and precise communications, self discipline, multitasking, having sound understanding of what’s happening around you, understanding other people, and able to quickly find a solution.” Wu also spent a considerable amount of time doing ATC on-the-job training at the Malmo and Arlanda International Airport in Sweden, as well as the Copenhagen International Airport in Denmark. All of these opportunities had offered him first hand exposure to the Western culture, broadening his scope in the industry that eventually became critical for his later endeavors.

With China’s goal of establishing world class aviation standards in the 1990’s, Wu’s ski l ls and broad international experience saw him become Senior Lecturer at the same university he had just graduated from six years prior. For the next five years, Wu trained some of the brightest and most ambitious minds that went on to serve China’s aviation industry, including air force ATC officers, as well as international ATC officials from Southeast Asia and Africa. At the same time, Wu became Deputy to ICAO Project Director, establishing training curriculums and courses that are still in place and taught to this day.

By the time that Wu had 15 years of lecturing under his belt, he was Executive Director of the International Department at the Civil Aviation University of China, with extensive experience in U.S.-China programs and negotiations in both the government and private sectors. It was at this time that Wu found his next calling with the American global aerospace and defense company Lockheed Martin, where he served in sales and business development capacities. “It was perhaps the biggest change for me psychologically, making the switch from providing training programs at the CAUC to working in the

Western, corporate environment of Lockheed Martin, but I enjoyed it,” says Wu. When asked about the challenges and obstacles that he had to overcome during this transition, Wu says that there were “language and cultural challenges, and the adjustment of understanding why people from different cultures think so differently. But that was the value I brought to the table too - my technical background combined with an understanding of both the East and the West, including from my experience abroad in Sweden.”

After half a decade with Lockheed Martin, Kevin left as Business Development Director, Greater China Region to join Textron Inc., the global leader in general aviation, as VP for Strategy, Business Development and Government Affairs, and later transferred to the Cessna Aircraft Company to oversee North Asia for Sales & Market Development. Following Cessna and Beechcraft’s consolidation into Textron Aviation Inc in 2014, Wu currently leads and coordinates the sales, marketing, and customer service efforts in North Asia. “I see great prospects ahead for Textron Aviation. We are not just here to receive, but here to give and share. We have a strong team with localized insights that meet real demands,” says Wu.

In Wu’s spare time, he continues to inspire and shape the next generation’s minds at the request of various universities, providing first class instruction and training. Wu also spends time inspiring the youth through AsBAA initiatives, most recently with visiting selected schools in Beijing, Tianjin, Chengdu, Nanjing, and Shanghai to provide seminars. In asking what advice he could give to the next generation, Wu says, “at first, try everything - learn as much as you can beyond your own designated major or subjects so that you become well-rounded. Then in the next few years, identify your real passions and gradually focus on one or two of them so that you become a specialist. Then when you have the opportunity, become a generalist so that you move into management with the solid foundation and insight of a specialist.” Wu reminds the youth that “In the end, all fields have their commonality in where they began. That is why you must take your time to find yours and nurture it.”

25ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015


2015 FLEET BREAKDOWN BY OEM ASIA PACIFIC REGION

The top three ranked OEMs in the Asia Pacific region, by market share, are Bombardier, Gulfstream and Cessna.

• Bombardier’s share of the Asia Pacific market at the end of 2015 was 27% (306 aircraft) – with its top 3 markets being China (75 aircraft), Australia (64 aircraft) and Hong Kong (48 aircraft). Its most popular models in the Asia Pacific region are the Challenger 605 (39 aircraft), Global 6000 (35 aircraft) and the Global 5000 (33 aircraft).

• Gulfstream’s share of the Asia Pacific market was 23% (264 aircraft) – with its top 2 markets being China (98 aircraft) and Hong Kong (62 aircraft). Its most popular models in the Asia Pacific region are the G550 (94 aircraft) and the G450 (72 aircraft).

• Cessna’s share of the Asia Pacific market was 19% (220 aircraft) – with its top market being Australia (73 aircraft) and its most popular models being the Citation II / Bravo family (38 aircraft).

• Hawker’s share of the Asia Pacific market was 9% (98 aircraft) – with its best market being India (31 aircraft) and its most popular models being the Hawker 800/850 family (38 aircraft). *

• Dassault’s share of the Asia Pacific market was 8% (91 aircraft) – with its best market being China (34 aircraft) and its most popular model being the Falcon 7X (36 aircraft).

• Embraer’s share of the Asia Pacific market was 6% (69 aircraft) – with its largest markets being China (20 aircraft), India (17 aircraft) and Indonesia (13 aircraft). Its most popular models are the Legacy 600/650 family (41 aircraft).

• Airbus’s share of the Asia Pacific market was 3% (34 aircraft) with its best market being China (14 aircraft) and its most popular model being the ACJ319 (18 aircraft).

• Boeing’s share of the Asia Pacific market was 3% (33 aircraft), with its best markets being China (8 aircraft), Hong Kong (6 aircraft) and Korea (5 aircraft). Its most popular model in the Asia Pacific region is the BBJ1 (22 aircraft).

*Note: Hawker was acquired by Cessna’s parent company, Textron, 2014; and the Hawker business jet line has since been discontinued.


41+11+9+6+6+6+3+3+3+3+3+3+3+GFleet by Major OEM – Asia Pacific Region

Macau 1 (3%)Japan 1 (3%)Brunei 1 (3%)

Australia 1 (3%)

Thailand 2 (6%)

Malaysia 2 (6%)

India 2 (6%)

Hong Kong 4 (11%)

Taiwan 3 (9%)

China 14 (41%)

Airbus

34

Philippines 1 (3%)Singapore 1 (3%)

South Korea 1 (3%)

14

4 3 2 2 2 1 1 11 1 11

Chin

a

Hon

g Ko

ng

Taiw

an

Indi

a

Mal

aysi

a

Thai

land

Brun

ei

Aust

ralia

Japa

n

Mac

au

Phili

ppin

es

Sing

apor

e

Sout

h Ko

rea

A319ER 3 3

A340-200 1 1

ACJ318 3 2 2 1 8 +1

ACJ319 7 2 1 2 1 1 1 1 1 1 18 +4

ACJ320 1 1 1 3 +1

ACJ330 1 1

Total 14 4 3 2 2 2 1 1 1 1 1 1 1 34

Change from 2014 +4 -2 +1 +1 +1 +1 +6

Total

Change from 2014

ASIA PACIFIC REGION


23+17+18+6+6+6+6+6+3+3+3+3+GBoeing

Australia 1 (3%) India 1 (3%)

China 8 (23%)

Hong Kong 6 (18%)

South Korea 5 (15%)Brunei 2 (6%)

Indonesia 2 (6%)

Malaysia 2 (6%)

Thailand 2 (6%)

Singapore 2 (6%)

8 6 522 2 2 2 1 1 11

Chin

a

Hon

g Ko

ng

Sout

h Ko

rea

Brun

ei

Indo

nesi

a

Mal

aysi

a

Sing

apor

e

Thai

land

Aust

ralia

Indi

a

Japa

n

Taiw

an

33

Japan 1 (3%)Taiwan 1 (3%)

* includes one B737-200 ADVANCED which left Malaysia

B727-100 1 1 2

B737-400 1 1

B747-400 1 1

B757-200 1 1

B767-200ER 1 1

BBJ 7 5 5 1 1 1 1 1 22 +2

BBJ2 1 1 1 1 1 5

Total 8 6 5 2 2 2 2 2 1 1 1 1 33

Change from 2014 +3 +1 -1 -1 -1 +1*

Total

Change from 2014

ASIA PACIFIC REGION


24+20+16+12+9+4+4+4+2+2+1+1+1+GBombardier

Taiwan 6 (2%)

Philippines 10 (3%)

Indonesia 13 (4%)

Malaysia 15 (5%)

Singapore 29 (9%)

India 31 (10%) Australia 64 (21%)

Hong Kong 48 (16%)

China 75 (24%)

Macau 4 (1%)

South Korea 3 (1%)

Others 3 (1%)

Japan 5 (2%)

306

48

3129

15 13 106 35 4 11

Hon

g Ko

ng

Sing

apor

e

Indi

a

Mal

aysi

a

Indo

nesi

a

Taiw

an

Phili

ppin

es

Japa

n

Mac

au

Sout

h Ko

rea

Mya

nmar

New

Zea

land

75

Chin

a

64

Aust

ralia

1

Thai

land

Challenger 300/350 5 2 6 3 1 1 18 +1

Challenger 600/601 4 1 1 1 7

Challenger 604 2 13 3 4 2 24 +4

Challenger 605 13 9 3 7 2 1 1 1 2 39 +5

Challenger 800/850 15 4 1 1 1 22 +2

Challenger 870 12 12 +1

CRJ100/200/VIP 7 1 1 1 10

Global 5000 3 12 5 6 3 3 1 33 +4

Global 6000 7 4 11 3 5 1 1 1 2 35 +13

Global Express 2 8 3 1 1 2 1 18 -1

Global Express XRS 1 13 3 2 2 2 1 2 2 1 1 30 +1

Learjet 40 1 1

Learjet 75 1 1 +1

Learjet 24/B/D/E/25B 1 2 1 4

Learjet 31/A 1 3 2 1 7 +2

Learjet 35/A/36/A 5 15 2 2 1 25

Learjet 45/XR 4 2 1 7

Learjet 60/XR 3 1 1 3 3 2 13

Total 75 64 48 31 29 15 13 10 6 5 4 3 1 1 1 306

Change from 2014 -1 +10 +10 +4 +5 +4 -1 +2 +1 -1 +33

Total

Change from 2014

ASIA PACIFIC REGION


33+17+14+12+5+4+4+4+3+2+2+G China 39 (18%)

CessnaIndonesia 4 (2%)

South Korea 8 (4%)

Malaysia 9 (4%)

Japan 26 (12%)

Philippines 11 (5%) Australia 73 (33%)

Others 4 (2%)

New Zealand 6 (3%)

Thailand 8 (3%)

India 32 (14%)

220

73

3932

26

11 9 8 8 461 12

Aust

ralia

Chin

a

Indi

a

Japa

n

Phili

ppin

es

Mal

aysi

a

Thai

land

Sout

h Ko

rea

New

Zea

land

Indo

nesi

a

Papu

a N

ewG

uine

a

Sing

apor

e

New

Cal

edon

ia

* includes one aircraft which left Hong Kong

Citation CJ3 3 1 1 5

Citation CJ4 3 1 1 1 1 7 +3

Citation Mustang 9 4 1 3 1 2 4 24 +1

Citation Encore/+ 2 2 4

Citation Sovereign/+ 5 4 3 2 4 18 -2

Citation X/+ 2 1 2 1 6

Citation 500/I/SP 9 1 1 1 12 +2

Citation S/II/Bravo/II/SP 20 4 7 1 3 2 1 38 +3

Citation CJ2/+ 3 11 7 21 -1

Citation Excel/XLS/+ 1 12 9 4 3 29 +2

Citation III/VI/VII 5 1 1 1 1 1 10

Citation Ultra/V 4 1 4 1 4 14

Citation 525/CJ1/+/M2 10 13 2 3 1 3 32

Total 73 39 32 26 11 9 8 8 6 4 2 1 1 220

Change from 2014 +2 +3 +1 +1 +1 +3 -2 +8*

Total

Change from 2014

ASIA PACIFIC REGION


37+21+9+8+8+5+3+2+2+2+1+1+1+GDassault

Indonesia 2 (2%)Bangladesh 2 (2%)

Japan 2 (2%)

Thailand 3 (3%)

Philippines 4 (5%)

Malaysia 7 (8%)

Hong Kong 7 (8%)

Australia 8 (9%)

China 34 (37%)

India 19 (21%)

Papua New Guinea 1 (1%)

Macau 1 (1%)New Zealand 1 (1%)

91

34

19

8 7 7 4 3 2 22 1 11

Chin

a

Indi

a

Aust

ralia

Hon

g Ko

ng

Mal

aysi

a

Phili

ppin

es

Bang

lade

sh

Thai

land

Indo

nesi

a

Japa

n

Mac

au

New

Zea

land

Papu

a N

ewG

uine

a

* includes one aircraft which left Singapore

Falcon 10 1 1

Falcon 2000S 1 1 2 +1

Falcon 50 1 1 2

Falcon 7X 26 2 2 4 1 1 36

Falcon 900LX 4 2 1 7

Falcon 2000/DX/EX EASy 11 1 1 13 +2

Falcon 2000LX/LXS 2 3 1 2 1 2 1 1 13 +1

Falcon 20D/F-5 2 2 4

Falcon 900/C/DX 1 1 1 1 2 6

Falcon 900EX/EASy 3 1 1 1 1 7 +1

Total 34 19 8 7 7 4 3 2 2 2 1 1 1 91

Change from 2014 +2 +2 +1 -1 +1 +1 +5*

Total

Change from 2014

ASIA PACIFIC REGION


29+25+19+10+7+4+3+2+1+G India 17 (25%)

Embraer

Macau 2 (3%) Malaysia 1 (2%)

Hong Kong 3 (4%)

Australia 5 (7%)

Indonesia 13 (19%)

Singapore 7 (10%)

69

China 20 (29%)

Taiwan 1 (1%)

20

1317

7 5 3 2 1 1

Chin

a

Indi

a

Indo

nesi

a

Sing

apor

e

Aust

ralia

Hon

g Ko

ng

Mac

au

Mal

aysi

a

Taiw

an

* includes one aircraft which left Vietnam

Legacy 500 1 1 +1

Legacy 600 2 7 6 1 1 1 1 19

Legacy 650 14 5 2 1 22 +1

Lineage 1000 4 1 1 1 1 8 -1

Phenom 100 1 6 1 3 1 12 +2

Phenom 300 1 1 3 5

ERJ135ER/LR 2 2

Total 20 17 13 7 5 3 2 1 1 69

Change from 2014 +2 +1 +1 +1 -1 +3*

Total

Change from 2014

ASIA PACIFIC REGION


37+23+8+5+4+4+4+4+3+2+2+1+1+1+1+GGulfstream

Malaysia 8 (3%)

Indonesia 7 (3%)

Taiwan 8 (3%)

Australia 9 (4%)

Thailand 10 (4%)

Phillippines 10 (4%)

India 12 (5%)

Japan 11 (4%)

Singapore 18 (8%) Hong Kong 62 (23%)

China 98 (37%)

Cambodia 3 (1%)

Macau 3 (1%)

264

98

18 12 11 10

62

10 9 88 7 3 3 2 2 1

Chin

a

Hon

g Ko

ng

Sing

apor

e

Indi

a

Japa

n

Phili

ppin

es

Thai

land

Aust

ralia

Mal

aysi

a

Taiw

an

Indo

nesi

a

Cam

bodi

a

Mac

au

New

Zea

land

Sout

h Ko

rea

Sam

oa

G100/G150 1 1 1 2 5

G200 10 6 2 4 2 4 2 1 1 1 33 -1G280 4 1 2 7 +3G300/G350 1 1 2 +1G450 40 16 6 3 1 2 2 1 1 72 +6G500 1 1

G550 41 26 5 3 1 1 3 2 1 3 2 1 2 2 1 94 +4G650 9 5 1 1 2 18 +6G650ER 2 1 3 +2G-II 1 1 -1G-III 1 1 -1G-V 1 1 1 1 2 2 1 9 -2G-IV/IV-SP 2 2 2 2 2 4 3 1 18 -3Total 98 62 18 12 11 10 10 9 8 8 7 3 3 2 2 1 264

Change from 2014 +1 +9 -1 +1 +3 -1 -2 +3 +1 +14

Total

Change from 2014

South Korea 2 (1%)

Samoa 1

ASIA PACIFIC REGION

New Zealand 2 (1%)


32+15+12+10+9+7+3+3+3+2+1+1+1+1+GMalaysia 1 (1%)

South Korea 1 (1%)

Japan 3 (3%)

Thailand 7 (7%)

Philippines 9 (9%)

Indonesia 10 (10%)

Australia 14 (15%)

China 12 (12%)

India 31 (32%)

Hawker

98

Singapore 3 (3%)

Hong Kong 2 (2%)

Bangladesh 1 (1%)

Taiwan 3 (3%)

31

14 12 10 97

3 23 11 113

Indi

a

Aust

ralia

Chin

a

Indo

nesi

a

Phili

ppin

es

Thai

land

Sing

apor

e

Mal

aysi

a

Taiw

an

Hon

g Ko

ng

Sout

h Ko

rea

Mac

au

Bang

lade

sh

Japa

n

Hawker 4000 2 1 1 4

Hawker 400XP 1 1 2 2 6

Hawker 900XP 7 2 2 5 16 -2Hawker 400/A/B/Diamond I 2 2 1 2 2 2 1 12

Hawker 1000A/B 1 1 2 -1Hawker 700A/B/750 2 5 1 8

Hawker 800A/B/ 850XP/XPI/125-1A 11 6 8 1 3 4 1 1 2 1 38 -2

Premier I/IA 6 2 2 1 1 12

Total 31 14 12 10 9 7 3 3 3 2 1 1 1 1 98

Change from 2014 -1 -2 -2 +1 -1 -5

Total

Change from 2014

Macau 1 (1%)

ASIA PACIFIC REGION


Taj Air Metrojet Aviation (TAMA)

Prashant Bhushan,CEO

TAMA provides maintenance, repair and overhaul (MRO) services for business jets based in India. It is a joint venture between Taj Air, an executive charter service in India which is part of the publicly-listed multinational conglomerate TATA Group, and Metrojet, a business jet operator in Asia which is part of the Kadoorie group. The joint venture brings together nearly 40 years of combined business jet and aviation maintenance expertise into a single company, committed to providing unparalleled service to customers.

TAMA is a fully certified CAR 145 maintenance repair station with approvals from the DGCA in India to maintain the Falcon 2000, Falcon 2000EX, P.180 Avanti II, Gulfstream G550, G200, and Hawker (700/800/900) business jets. TAMA is an Authorized Service Center for Dassault Falcon for the Falcon 2000 and 2000EX and manages the largest fleet of Dassault Falcon business jets in India. TAMA can carry out maintenance on Falcon 2000 aircraft fitted with CFE738-1-1B engines, Falcon 2000EX EASy aircraft fitted with Pratt & Whitney 308C engines and Piaggio P180 Avanti II aircraft fitted with P&W PT6A-66B engines.

TAMA currently operates out of a state-of-the-art hangar in Mumbai and also provides line maintenance at other key locations in India such as Kolkata, Chennai and Delhi. With a team of over 30 highly experienced and skilled maintenance professionals, combined with top quality infrastructural support

and an extensive spare parts inventory, TAMA is ready to provide immediate maintenance support around the clock to Asia’s high flyers.

TAMA manages most of the India-registered Falcon 2000 and Falcon 2000EX EASy aircraft in the country. Besides its affiliate Taj Air, its customers include top corporate business entities in India and other discerning private customers.

The scope of services offered by the company include:

• Line & Base maintenance• Avionics line maintenance• Interior & exterior cleaning• Tyre change and maintenance on aircraft wheels• Maintenance of Ni-Cd batteries installed in aircraft• CVR and DFDR readout • AD, SB & Modification Compliance

Prashant Bhushan is the CEO of Taj Air Metrojet Aviation, having taken over the reins in 2015. A general management professional with the TATA Group, Prashant is one of the few young professionals to have moved laterally into this sector after a decade in telecommunications with the TATA Group and with experience in several general management roles in both retail and enterprise business.


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 37ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 37

What has been your experience of the Indian General Aviation market?

In the last 12 months, I have traveled extensively and had the opportunity to interact with most of the major OEMs. Over the last few years, it seems that most OEMs have seen India as a potential long-term market, but are fraught with caution given the need to create adequate infrastructure in order to realize the suppressed demand clearly present in the country. It is important for this perception to change for the better and the on-ground investments in airports & supporting ecosystems such as MRO will be the key to translating this promise into reality.

India has one of the youngest and fastest-growing wealthy populations in the world. A recent report states billionaires in India grew 333% in the last 10 years, compared to the global average of 68%. This suggests that India is a strong and high-potential market for business jets but the question in people’s mind is about whether the infrastructure will enable some of this “suppressed demand” to manifest itself adequately or not.

What do you see as some of the unique challenges or features of the General Aviation market in India?

I see the same unique characteristic exhibited in India in General Aviation as I experienced for a decade in my previous industry (telecommunications): an extreme attentiveness to the price-for-value equation. Indian owners (not just individuals, but also corporate clients) are extremely careful about money spent, even on an item such as a $20-$50M business jet. It is the DNA that is embedded in the Indian psyche, in that of its people, to not be profligate. Hence there is a compelling need to translate the promise of a brand or of great quality, into a clear and tangible value proposition for customers here. I think that also presents a great opportunity for an MRO like us, an upcoming challenger in the Indian market, to build a MRO of high quality & global standards, yet with a strong price-to-value offering. In our minds, high quality and efficient costs are not tradeoffs. One could lead to the other with the right attention to processes, quality standards, and through satisfied and motivated employees.

The fleet fragmentation in India is also quite unique. In most markets, the top 10 types of jets make up 50-60% of the volume. In India, which has a total market of about 150 business jets, there are 50-60 different types of aircraft, with several aircraft types being just one or 2-3 of each type. This puts immense pressure on creating an associated ecosystem, whether it’s the outfitting of the internal team to manage operations, MRO, pilots, or even the regulator (who too has to invest in managing and understanding these multitude of aircraft types with limited resources).

We also need to keep in mind that the high growth in domestic commercial passenger traffic in India is among the highest in the world. As per the DGCA, Indian airlines flew 81 million passengers in 2015, a 23% increase over 2014 (67.4 million). This growth is putting immense pressure on the available airport infrastructure in the country and it is a reality that General Aviation has to compete for this with commercial aviation. I think the airport authorities have done a great job, keeping pace with this growth so far, despite there being areas where they face

criticism. Airports in Delhi, Mumbai, Bengaluru and Hyderabad are all world-class in terms of passenger amenities. What is missing perhaps is the scale to allow for creating the all-important ecosystem for MROs by way of earmarking specific space for hangars, parking bays, MRO back shops, warehouses, etc.

How do you think the Government is responding to manage the demand on Aviation infrastructure in India?

The Ministry of Civil Aviation (MoCA) is trying to implement clear steps to manage the growth of aviation. For the MRO industry in particular, there is a realization that most of the opportunity (estd 90%) of MRO on Indian aircraft is being lost offshore, both because of the high-quality and OEM-approved status of MROs outside India and the lack of infrastructure and high-capability MROs in the country. The issue is a dilemma because currently certain tax norms and customs duties are stacked against Indian MROs. But at the same time if no Indian MRO invests in creating significant capability, it may give the government little confidence to reduce existing taxes and duties.

The recently released draft civil aviation policy (tabled in Oct 2015) identified the need to correct long-pending issues such as the waiver of customs duty on toolkits, spares, equipment; exemption of service tax; and the reduction of royalties on MRO. Some of these have been ratified in the recently released Union Budget. Others, we hope, would follow in due course.

What is the potential for the MRO industry in India?

The total industry size is about $800 M at the moment and is expected to increase to $2B in 2020. Naturally 90% of this is commercial MRO, given the huge expectation for fleet growth (from currently 400 commercial aircraft to 1000). Today around 90% of this is ‘exported’ out of the country. The short-term opportunity for Indian MROs is to retain a significant portion of this business in the country, but that would mean investment in capability to at least match that of neighboring MROs such as in Dubai & Singapore. In the long-term I believe that India can, and should, capitalize on two significant advantages – its geographical positioning within Asia-Pacific; and perhaps more importantly, its young, trainable workforce which can deliver quality efficiently.

What do you see as the short-term strategy for MROs such as your organization?

I would hesitate to say there is a short-term strategy that is different from the long-term, since the aviation business overall is a capital-intensive, long-cycle industry. I would say the path is the same – build stellar quality and infrastructure, while investing judiciously and in a phased manner; invest in people, systems and processes; and keep customer service and satisfaction at the heart of it all.

Above all, I believe that the Indian MRO industry must first collaborate, then compete given the small size of the available market today. Poaching (clients, employees) from each other will only lead to a race to the bottom. We must first help to generate enough confidence in potential buyers so as to make incremental aircraft purchases, then we can compete once the pie grows!


Srinagar

Chandigarh

Delhi

Amritsar

Udaipur Varanasi

Kolkata

Guwahati

Chennai

Pune Hyderabad

Nagpur

Ahmedabad

Agra

MumbaiVishakhapatnam

Goa

BangalorePort Blair

Aircraft Operation Highlights – IndiaLanding and Overflight Permit

Airport Parking & Amenities

General Aviation Operations

Airport Restrictions

Foreign-registered aircraft can only remain in India a maximum of 14 days.

Private flights can have no more than 14 passengers, special clearance needed if more than 14 pax for charters. ATC checks pax count to issue flight plan.

In Indian airspace, aircraft must be RVSM compliant and equipped with TCAS II.

Indian-registered aircraft and spare parts are subject to 12.5 VAT + 18.5% duty (if private) or +3% duty (if charter).

Most airports in India not operated 24/7

Larger airport of entry requires airport slots

Only 2 FBOs in India: New Delhi and Mumbai

Slots can be requested via either email or fax and will be known within 12 hours

Aircraft doors are sealed once parked and early access require a letter and many hours of delay

Landing permit lead time: 3 business days, or 1 business day for overflight & refueling stops.

Permits provided 24-48 hours in advance and valid for 48 hours and only 2 revisions are allowed.

At military airports: - Permits require 15-20 bus. days lead time, valid +/- 2 hours- Requires each passenger & crew’s address and father’s name- Security clearance valid for 1 hour- Approach Plates not public – ATC will assist on approach

Additional document for international departures can take 3 hours to complete

*information provided by Nexus Aviation

DGCA opens from 10:00-18:00 local Monday-Friday (no holidays) and does not issue permits after 16:00. Representative must visit, pilot in command must sign in person.

Permits for aircraft from China, Afghanistan, Pakistan or Somalia: lead time of 7 business days for landing permits and 3 business days for overflight permits.

Valid vaccination certificate needed for passengers/crew from a country endemic for yellow fever.

Mumbai (BOM / VABB):• Most challenging airport in India

• GA cannot operate between 08:00-10:00, 17:30-19:30 & 21:15-23:15

• 72-hour GA parking limitation

• Slots are hard to obtain and valid for -15/+45 min only

• Pilot in command and handler need go physically confirm a flight

Chandigarh (IXC / VICG) & Goa (GOI / VAGO):• Parking limitations – should be confirmed in advance

• Military airport with limited GSE availability

Port Blair (IXZ / VOPB):

• No Chinese national is permitted unless special clearance

• Military airport with limited GSE Availability

Bangalore (BLR / VOBL) & Delhi (DEL / VIDP) :

• Requires Slots to confirm parking


2015 GROWTH BY OEM, SIZE & COUNTRY

The Asia Pacific region grew a net* 6.2% in 2015 with the addition of 66 aircraft.

Even though New Zealand had the highest growth rate (50%), surprisingly Hong Kong was the territory which added the most net aircraft (16 aircraft) throughout the region. So despite all the operational challenges in operating to and from HK International Airport, the appeal of Hong Kong as a business jet base remains strong.

China, the largest business jet market in the Asia Pacific region, continued its slowdown from a high in 2012 to growth of just 4% in 2015. In contrast, the 2nd biggest market in the Asia Pacific region – Australia – experienced a healthy growth of 7%, and the 4th largest – Hong Kong – 14% growth.

The smaller markets of Indonesia, the Philippines and Japan all added additional aircraft and in doing so, all experienced double digit growth. Notably, markets which performed poorly in 2015 were Malaysia and Macau, both of which actually contracted, and South Korea, Thailand and Singapore which all remained stagnant registering no growth at all.

The best performing OEM in 2015 in the Asia Pacific region by growth rate was Airbus with a 21% increase of its fleet. However, in regards to the most net aircraft added, this honour goes to Bombardier with 33 additional aircraft in total, thus achieving an impressive growth rate of 12%. Gulfstream was second with 14 net aircraft added and a corresponding growth rate of 6%. Hawker was the only OEM which saw its Asia Pacific region fleet contract, which it did by 5% in 2015. All other OEM’s fleets grew from 3% to 6%.

Honours also go to Bombardier for the most popular aircraft model added to the region, which was the Global 6000 with 13 more aircraft added throughout 2015, for an impressive model fleet growth of 59%. The second highest growth was for the G650/650ER from Gulfstream with 8 additional aircraft added in total for a remarkable +62%.

Given the growing popularity of the G6000 and G650, it’s not too surprising that the Asia Pacific region size category growing the fastest in 2015 was the ‘long-range’ category with 11% (+27) more aircraft. The ‘large’ category fleet also performed well with growth of +7% in 2015 - a net addition of 17 aircraft, generally either Challengers or G450s.

The only size category where the fleet contracted in 2015 was the ‘medium’ category – a drop of 2% – and this was despite some strong growth in the Asia Pacific region for the G280.

* Net = New aircraft deliveries & pre-owned additions less aircraft that left the region (deductions).


Net Fleet Growth by Major OEM

Net Fleet Growth by Size Category

273

306

Bombardier

86 91

Dassault

250264

Gulfstream

66 69

Embraer

212 220

Cessna

28 34

Airbus

103 98

Hawker

32 33

Boeing

114123

Corp. Airliner

207220

Light

250

277

Long Range

83 86

Very Light

236253

Large

178 175

Medium

2014 2015+12%

+8%

+11%

+7%

+6%

+4%

+6%

+4%

+6%

+5%

+21% +3%

-5%

-2%

+6%

ASIA PACIFIC REGION

Fleet Breakdown – Asia Pacific Region


2014 2015

2022

BBJ

9094

Gulfstream G550

2022

Challenger 800/850

36 36

Falcon 7X

1418

ACJ319

22

35

Global 6000

11 12

Challenger 870

2933

Global 5000

10 10

CRJ100/ 200/VIP

29 30

GlobalExpress

XRS

7 8

ACJ318

12

18

Gulfstream G650

9 8

Lineage 1000

19 18

Global Express

5 5

BBJ2

119

Gulfstream V

3 3

A319ER

13

Gulfstream G650ER

2 3

ACJ320

1 1

Gulfstream G500

Corp. Airliner

Long Range

2 22 2

Dornier 328 JET

737-200ADVANCED

ERJ 135ER/LR

727-100

1 1

737-400

1 1

747-400

1 1

757-400

1 1

767-200ER

1 1

A340-200

1 1

ACJ330

1 1 11 1

BAE 146

+4

+13

Largest Fleet

Additions

Largest Fleet

Additions

ASIA PACIFIC REGION


2014 201566

72

Gulfstream G450

34

39

Challenger605

21 22

Legacy 650

19 19

Legacy600

2118

Gulfstream IV/

IV-SP

2024

Challenger 604

1113

Falcon 2000/DX/

EX EASy

12 13

Falcon 2000LX/

LXS

4038

Hawker 800A/ B/850XP/XPI

/125-1A

34 33

Gulfstream G200

17 18

Challenger300/350

2018

Citation Sovereign

/+

1816

Hawker 900XP

13 13

Learjet 60/XR

8 8

Hawker 700A/B/

750

Large

Medium

7 7

Challenger600/601

6 7

Falcon 900EX/

EASy

7 7

Falcon 900LX

6 6

Falcon 900/C/DX

1 2

Falcon 2000S

1 2

Gulfstream G300/G350

2 1

Gulfstream II

2 1

Gulfstream III

7

Gulfstream G280

6 6

Citation X/+

5 5


44 4

Falcon 20D/ F-5

4 4

Hawker 4000

2 2

Falcon 50

3 2 1

Hawker 1000A/B

Legacy 500

Largest Fleet

Additions+6

Highest Growth

+75%

ASIA PACIFIC REGION


2014 2015

Light

Very Light

35

12

5

38

12

5

Citation S/II/Bravo/

II/SP

Westwind 1/2

Phenom 300

27

10

4

29

10

4

Citation Excel/XLS/ +

Citation III/V/VII

Citation Encore/+

25

7

1

25

7

2

Learjet 35/ A/36/A

Learjet 45/XR

Nextant 400XT/XTi

22

4

1

21

7

1

Citation CJ2/+

Citation CJ4

Falcon 10

14

5

1

14

7

1

Citation Ultra/V

Learjet 31/A

Learjet 40

10

6

12

6

1

Citation 500/I/SP

Hawker400XP

Learjet 75

32 32

Citation 525/

CJ1/+/M2

23 24

Citation Mustang

1012

Phenom 100

12 12

Premier I/IA

4 4

Learjet 24/B/D/E/

25B

2 2

EA500

12

5

1

12

5

1

Hawker 400A/B/

Diamond I

Citation CJ3

Sabreliner 65

Largest Fleet

Additions

Largest Fleet

Additions

+3

+3

Highest Growth

+20%

ASIA PACIFIC REGION


Japan

South Korea

by Size Category

by Size Category

by Major OEM

by Major OEM

23

7

2

7

10

6

10

4

3

3

4

1

6

3

17

4

2

2

1

1

1

1

26

2

6

11

5

12

5

3

5

14

5

14

3

4

1

6

3

20

5

2

2

1

1

1

1

Cessna

Cessna

Corp. Airliner

Corp. Airliner

Dassault

Gulfstream

Light

Light

Gulfstream

Boeing

Long Range

Long Range

Airbus

Hawker

Very Light

Very Light

Bombardier

Bombardier

Large

Large

Boeing

Airbus

Hawker

Medium

Medium

+13%

+20%

+18%

8

ASIA PACIFIC REGION

Fleet Breadown by Country

2014 2015


Thailand

Philippines

by Size Category

by Size Category

by Major OEM

by Major OEM

11

10

4

2

8

11

8

7

7

2

10

13

3

4

6

15

2

9

2

3

1

10

11

4

3

8

10

7

7

10

3

10

2

2

73

3

10

14

3

4

6

16

2

9

2

4

1

1

Gulfstream

Cessna

Corp. Airliner

Corp. Airliner

Airbus

Hawker

Light

Light

Cessna

Bombardier

Long Range

Long Range

Boeing

Dassault

Very Light

Very Light

Hawker

Gulfstream

Large

Large

Bombardier

Airbus

Dassault

Medium

Medium

+43%

+43%

ASIA PACIFIC REGION

2014 2015


Malaysia

Singapore

by Size Category

by Size Category

by Major OEM

by Major OEM

15

24

4

3

8

19

7

10

6

7

14

14

1

3

7

8

3

5

1

3 3

2 1

15

29

4

3

9

18

9

8

7

11

22

17

15

20

15

7

13

11

2

3

7

7

2

3

2

2 1

1 1

1

Bombardier

Bombardier

Corp. Airliner

Corp. Airliner

Boeing

Hawker

Light

Light

Cessna

Gulfstream

Long Range

Long Range

Airbus

Boeing Cessna

Very Light

Very Light

Gulfstream

Embraer

Large

Large

Hawker Embraer

Airbus

Dassault

Medium

Medium

2014 2015-20%

+29%-27%

+21%

-40%-67%

1

Dassault

+13%+10%

-21%

ASIA PACIFIC REGION


Indonesia

by Size Category

by Major OEM

13

4

913

4

10

4

7

2

11

42 2

13

4

8

9

10

1817

7

7

2

12

42 2

Embraer

Corp. Airliner

Cessna

Light

Bombardier

Long Range

Dassault Boeing

Very Light

Hawker

Large

Gulfstream

Medium

2014 2015+44%

+75%

+125%

ASIA PACIFIC REGION

ASIA PACIFIC REIGION BUSINESS JET FLEET REPORT – YEAR END 201548

GREATER CHINA OVERVIEW

GREATER CHINA

Greater China (China, Hong Kong, Macau and Taiwan) is the largest business jet market in the Asia Pacific region. It therefore warrants its own special section and analysis. It is also the market that ASG has followed the longest – since 2012.

In 2015, Greater China only added 29 net aircraft – 39 new deliveries, 28 pre-owned deliveries but 38 aircraft also left the region. This total of 29 is down 50% versus 2014. The pre-owned additions & deductions have only marginally changed versus 2014 (up 8% and 9% respectively). So 2015’s poor performance is strictly due to a decline in new aircraft deliveries which were 28 fewer than in 2014, a drop of 42%.

New aircraft deliveries peaked in 2014 with an addition of 67 new aircraft. Given that new deliveries are a consequence of OEM orders placed years before, these deliveries were probably the result of orders placed before 2013 and prior to the implementation of certain PRC Government initiatives and policy actions which decreased the demand for new business jets. 2015’s drop of 42% in new aircraft deliveries is therefore a worrying sign for 2016 and on, as it would seem to signify that the OEM sales funnel for Greater China has little backlog.

Of the 29 additions, Hong Kong was responsible for 16 aircraft, China 11, Taiwan 3 and Macau’s fleet contracted by 1 aircraft.

On a net basis in 2015, the most popular aircraft addition in Greater China was the Global 6000 (+7 aircraft) followed by the G650 (+6 aircraft).

Looking just at new aircraft deliveries, Gulfstream was the OEM who delivered the most aircraft into Greater China in 2015 (+15 aircraft), and the top 4 aircraft models delivered were the Global 6000 (+6), G650 (+5) and the Challenger 605 and G550 (+4 each). Deliveries of most other models were similar or down from 2014.

For pre-owned additions, again Gulfstream had the most deliveries (10 aircraft) and the most popular types were the G450 (+6 aircraft) followed by the ACJ319 (+3 aircraft).

Gulfstream suffered the most deductions too in 2015 (-15 aircraft) with the prevalent models leaving the Asia Pacific region being the G550 (-5 aircraft), Global Express XRS (-4 aircraft), the G450 and G200 (both -3 aircraft each).

Examining the operators in Greater China, those which saw significant gains in 2015 included BAA, Jet Aviation, SinoJet and Hong Kong Jet. Those that saw decreased results were Deer Jet, TAG Aviation and Metrojet (however it should be noted that Hong Kong jet is a division of Deer Jet, so considering the combined group’s results, Hong Kong Jets’ gains functioned to minimise the impact of reduced mainland activity on Deer Jet’s fleet.


Aircraft Additions and Deductions

201529 Net Additions



67

29

-38

Additions

Net Additions

Deductions

39 New Deliveries 28 Pre-owned

93

58

-35

Additions

Net Additions

Deductions


106

64

-42

Additions

Net Additions

Deductions


GREATER CHINA


GREATER CHINA

Deductions (-38)

New Deliveries (39)

Pre-owned (28)

1 3

-1

-1

-1

-1

-1

-1

-1

1

11

1

1

1-1

-1

23

4

21

1

1

1

-3

-3

-5

-1

-1

5

4

6

-3

-2

-2

2

2

3

-4

2

22

1

1

1

1

1

1

1

-1

6

-2

-2

1

ACJ319

BBJ

Global 6000

Global 5000

Citation MustangCitation Excel/XLS/+

Falcon 7X

G450

G-VG-IV/IV-SP

Legacy 650

G280

ACJ318

Challenger 605

Global Express XRS


Falcon 2000LX/LXS

G650

Hawker 900XP

Phenom 100

G650ER

ACJ320

Challenger 800/850Challenger 870

Challenger 300/350

Falcon 900LX

G550

Hawker 800A/B/ 850XP/XPI/125-1A

Lineage 1000

G200

ACJ330

Airb

usBo

eing

Bom

bard

ier

Cess

naD

assa

ult

Embr

aer

Gul

fstre

amH

awke

rNet Additions in 201529 in total

+3

+4

+1

+1

+1

-1

+10

+10


New Deliveries by OEM

19

25

15

Gulfstream

10

1613

Bombardier

149

2

Dassault

8 83

Embraer

2 2 2

Airbus

1 2 3

Boeing

125

Cessna

2013 2014 2015

GREATER CHINA

OEM MODEL 2013 2014 2015

Airbus

ACJ318 1 1

ACJ319 1 1

ACJ320 1

ACJ330 1

BoeingBBJ 1 3

BBJ2 2

Bombardier

Challenger 300/350 1 1

Challenger 605 4 4


Challenger 870 6 1

Global 5000 1 3

Global 6000 3 7 6

Cessna

Citation CJ1 1

Citation Excel/XLS/+ 1

Citation Mustang 2

Citation Sovereign/+ 1

Citation XLS/+ 3

Dassault

Falcon 2000 1 1

Falcon 2000LX/LXS 1

Falcon 7X 11 7 1

Falcon 900LX 2 1

Embraer

Legacy 650 5 5 2

Lineage 1000 2 3

Phenom 100 1

Phenom 300 1

Gulfstream

G280 4 3

G450 13 8 2

G550 5 11 4

G650 1 2 5

G650ER 1

Total 56 67 39


Pre-owned Additions by OEMGREATER CHINA

17

9 10

Gulfstream

19

6 7

Bombardier

2 2 2

Boeing

1 1

Embraer

14 3

Dassault

3 4

Airbus

511

Cessna

OEM MODEL 2013 2014 2015

Airbus

ACJ318 1

ACJ319 2 3

ACJ320 1

Boeing BBJ 2 2 2

Bombardier

Challenger 604 3

Challenger 605 3

Challenger 800/850 5 1 2

CRJ200VIP 1

Global 5000 3 1 2

Global 6000 2 1 1

Global Express 1 1

Global Express XRS 2 1 2

Learjet 60/XR 1

Cessna

Citation Mustang 1

Citation Sovereign/+ 2 1

Citation VI 1

Citation X 1

Citation XLS 1

Dassault

Falcon 2000LX 1

Falcon 7X 1 2 2

Falcon 900LX 1 1

EmbraerLegacy 600 1

Lineage 1000 1

Gulfstream

G100 1

G200 3 3 1

G450 6 3 6

G550 7 3 1

G650 1

G650ER 1

Hawker

Hawker 400/A/XP 1

Hawker 4000 1

Hawker 800A/B/850XP/XPI/125-1A 2 1

Total 50 26 28

2013 2014 2015


Deductions by OEMGREATER CHINA

1115 15

Gulfstream

11 10 10

Bombardier

3 3 4

Dassault

1 3

Airbus

1 2

Embraer

94 2

Hawker

63 1

Cessna

1

Boeing

2013 2014 2015

OEM MODEL 2013 2014 2015

Airbus

ACJ318 1

ACJ319 1

ACJ320 1

ACJ330 1

Boeing BBJ 1

Bombardier


Challenger 601 2

Challenger 605 4 2 1

Challenger 800/850 1

CRJ200VIP 1

Global Express 3 2

Global Express XRS 2 4

Global 5000 1 2

Global 6000 1 1

Learjet 60/XR 1

Cessna

Citation CJ3 1

Citation XLS/+ 5

Citation Sovereign/+ 1 1 1

Citation VI/VII - 1

Dassault

Falcon 900LX 1

Falcon 2000 3

Falcon 2000LX 2

Falcon 7X 1 3

EmbraerLegacy 650 1

Lineage 1000 1 1

Gulfstream

G200 4 4 3

G450 6 5 3

G550 6 5

G-IV/IV-SP 1 2

G-V 2

Hawker

Hawker 750 4

Hawker 800A/B/XP/850XPI/125-1A 2 1

Hawker 900XP 2 1 1

Hawker 4000 1 3

Total 42 35 38


GREATER CHINA

Fleet by Operator & ModelsDeer Jet

201366

201468

201559

ACJ3

19

2 2 2

Gulfs

tream

G20

0

6 74

Gulfs

tream

V

3 31

BBJ

2 2 2

Gulfs

tream

G550

212020

Falc

on 7

X

3 4 4

Haw

ker 8

00A/

B/

XP/X

PI/1

25-1

A

6 6 5

ACJ3

20

1 1

Gulfs

tream

G45

0

121314

Falc

on 2

000S

1 1

Haw

ker

4000

2 1 1Ch

alle

nger

605

1 1 1

Gulfs

tream

IV/I

V-SP

4 41

Falc

on 9

00LX

1 1

Haw

ker

900X

P

3 2 1

Glob

al 6

000

1

TAG Aviation

201325

201435

201530

AC

J319

1

Chal

leng

er 6

05

11 2 2

Glob

al E

xpre

ss

1 1 1

Chal

leng

er 6

04

22 1 1Li

neag

e 10

00

Lega

cy 6

50

1 1 11 1

Glob

al 6

000

42

7

2 2

Gulfs

tream

G45

0

Falc

on 9

00LX

1 1

Chal

leng

er 8

00/8

50

4 4 3 36

3

Falc

on 7

X

Falc

on 2

000L

X

1 1 1

Lear

jet 6

0/XR

Glob

al E

xpre

ss X

RS

1 1

Gulfs

tream

G55

0

1 1

Gulfs

tream

G65

0

1

Glob

al 5

000

6 7 6

BAA

201340

201445

201554

ACJ3

18

2 1 2

Chal

leng

er 6

05

4 4 3

Cita

tion

525/

CJ1

/+/M

2

1 1 1

ACJ3

19

11 1 1 2

Line

age

1000

Falc

on 9

00LX

3 2 2

Lear

jet 6

0/XR

11 1

8 7 8

Gulfs

tream

G45

0

Gulfs

tream

G28

0

2

Chal

leng

er 8

00/8

50

3 3 3 2 1

Gulfs

tream

G200

Lega

cy 6

50

5

1 1 1

Falc

on 9

00EX

/EAS

y

Falc

on 7

X

8

2

11Ha

wke

r 400

0

2

Gulfs

tream

G55

0

8 9 8

Glob

al 6

000

25 4


BBJ

1 1 1Le

gacy

600

Gulfs

tream

G55

0

1313

9

Chal

leng

er 6

05

2 1 1

Gulfs

tream

G20

0

1 2 1

Glob

al E

xpre

ss X

RS

1 1

Gulfs

tream

G65

0ER

1

Chal

leng

er 6

04

1

Line

age

1000

1 1

Glob

al E

xpre

ss

11

Gulfs

tream

G65

0

2

Chal

leng

er 8

00/8

50

1 1

Gulfs

tream

G45

0

3 4 5

Cita

tion

Sove

reig

n/+

11

Gulfs

tream

V

Lega

cy 6

50

111 111 111

Glob

al 5

000

1 2 1

GREATER CHINA

Metrojet

Sino Jet

Jet Aviation

201328

201431

201526

201317

201421

201529

20138

201410

201518

BBJ

1 2

Gulfs

tream

G55

0

2 3

Chal

leng

er 6

05

2 2 31

Lega

cy 6

50

Gulfs

tream

G20

0

1 2

Chal

leng

er 3

00/3

50

11 1

Gulfs

tream

G65

0

1 2 2

Falc

on 9

00LX

1

Glob

al 5

000

1

Gulfs

tream

G45

0

11 2

Glob

al E

xpre

ss

1

Chal

leng

er 6

0522 1

Gulfs

tream

G55

0

21

5 6

Glob

al 6

000

3

Gulfs

tream

G65

0ER

13

Falc

on 9

00LX

Gulfs

tream

G20

0

1 1 1

Glob

al 5

000

22 2

Gulfs

tream

G65

0

7 79

Falc

on 7

X

11 1

Glob

al E

xpre

ss

1 1 1

Gulfs

tream

G45

0

1 1

Cita

tion

CJ3

1

1 1


ACJ3

18

1 1 1

Gulfs

tream

G45

0

1

BBJ

1 13

Gulfs

tream

G65

0

2 12

Falc

on 7

X

1 2

ACJ3

19

22 3

Gulfs

tream

G55

0

1 11 3

Glob

al E

xpre

ss X

RS

1

Chal

leng

er 6

05

1 1 1

Lega

cy 6

50

Line

age

1000

1

Glob

al 5

000

1

GREATER CHINA

Hongkong Jet2013

72014

122015

17

China Eastern2013

142014

162015

14

ACJ3

18

1 1

Haw

ker 8

00A/

B/

800X

P/XP

I/12

5-1A

32 3 3

Glob

al E

xpre

ss X

RS

Gulfs

tream

G20

0

Gulfs

tream

G45

0

1 1 1

Chal

leng

er 3

00/3

50

1 11 11 1 1 1

Lega

cyy 6

50

53

5

Cita

tion

Sove

reig

n/+

Gulfs

tream

G55

0

3 2Fa

lcon

200

0LX

11

Lily Jet2013

112014

122015

13

Chal

leng

er 6

04

2 2 12 1

Chal

leng

er 8

00/8

50

5 4 5

Glob

al E

xpre

ss X

RS

1 1 2

Chal

leng

er 6

05

1

Glob

al E

xpre

ss

11 1

CRJ2

00 V

IP

1

Gulfs

tream

G20

0

11

Glob

al 5

000

1 1 1

Global Jet

20134

20146

20158

ACJ3

19

1 2

Falc

on 7

X

11 1 2

Gulfs

tream

G65

0

1

Falc

on 2

000L

X/LX

S

11 1

Gulfs

tream

G45

0

1

Glob

al 6

000

Glob

al E

xpre

ss X

RS

1 1 11 1


2015 Growth & 2016 ForecastN

o. o

f Airc

raft

Gro

wth

Rat

e %

GREATER CHINA

The Greater China market has seen its business jet fleet growth rate decline for 3 consecutive years now – from a high achieved in 2012 of almost 50% growth, to a mere 6.6% in 2015There are early signs from 2016 though that business aviation activity levels are picking up:

• ASG’s market survey for its 1st quarter 2016 “Quarterly” magazine, saw 33% of the respondents from Greater China report that their aircraft utilisation had increased versus the last quarter of 2015. Also those reporting their aircraft utilisation decreased shrunk to 39% versus 49%.

• Business aviation activity levels at Shanghai’s 2 airports – Pudong & Hongqiao – are up over 30% versus a year ago. January & February 2016 were the strongest start to a year ever with nearly 900 movements.

Examining the growth in Greater China further, it is essentially Hong Kong & Taiwan propping up the numbers in 2015 with 14% and 16% growth respectively. China’s growth itself was a mere 3.8% in 2015, down from 26% in 2013, and Macau contracted by reducing its fleet by 1 aircraft.

The OEM with the highest fleet growth in Greater China in 2015 was Boeing with 36%, and the only OEM who grew more in 2015 than in 2014 was Airbus with its fleet increasing 16%. Given these 2 growth rates, it is no surprise that the ‘corporate airliner’ size category was one of the highest growing segment in 2015 at 11%.

But the facts above are not necessarily good news for business jet sales in Greater China and in ASG’s opinion, don’t project well for 2016 and on. Business jet fleet growth in Greater China in the past came from the ‘long range’ and ‘large’ size market segments, not the ‘corporate airliner’ one. In particular, growth used to come from the G550s, Falcon 7Xs, Global 6000s and G450s being added to the fleet, not ACJs and BBJs. But in 2015, the markets for G550s and F7Xs were stagnant, the G450 only added 5 aircraft, and although the Global 6000 had 7 net additions, it alonecould not make up for the ground lost in other markets.

ASG sees a difficult year ahead in 2016 and no growth recovery in Greater China. The expectation is that business jet fleet growth will continue to decline but be moderated somewhat by continued positive activity levels in the pre-owned market. ASG is forecasting a high of 5.2% growth for 2016 but this could go even lower depending on China’s economic performance.

466490

437

379

315

211

148118

9265

+41.5%

+28.3%

100 10%

0 0

200 20%

300 30%

400 40%

500

600

50%

60%

+42.6%

+49.3%

+15.3%

+6.6%+5.2%

20102008 2012 20142007 20112009 2013 2015 2016

+25.4%

+20.3%


Net Fleet Growth – Per Aircraft Base

China

250

289 300

Hong Kong

99116

132

Macau

13 13 12

Taiwan

221917

2013 2014 2015

% Growth Per Aircraft Base

China

26%16%4%

Hong Kong

6%17%14%

Macau

-19%

0%

-8%

Taiwan

16%12%

143%

GREATER CHINA


Net Fleet Growth by Major OEM

142

161

171

Gulfstream

111

3135

1620 17

7

123

41 38

2519 19

11

133

4239

2618

2215

Bombardier Dassault Cessna Embraer Hawker Airbus Boeing

2013 2014 2015

% Growth by Major OEM

21%13% 6%

Gulfstream

21%

63%

3%

16

-29%

31%

75%

11%32%

9%

56%

100%

-5%

12%

57%

8% 2% 3% 4%

-5%

16%36%

Bombardier Dassault Cessna Embraer Hawker Airbus Boeing

GREATER CHINA


GREATER CHINA

Net Fleet Growth by Size Category

57

7483

Corp. Airliner

123

151

162

Long Range

103112

120

Large

58 58 56

Medium

24 26 27

Light

14 16 18

Very Light

% Growth by Size Category

19%30%12%

Corp. Airliner

34% 36%23%8%

-14%-3%

9%7% 7% 4%8% 13%14%

Long Range Large Medium Light Very Light

2013 2014 2015


GREATER CHINA

Net Fleet Growth by Aircraft Model

17 1720

Challenger800/850

89 8

CRJ100/200/VIP

913

7

BBJ

66 7

ACJ318

1211

5

Challenger870

73

6

Lineage 1000

811

8

ACJ319

3 3 3

A319ER

2 2

BBJ2

1 1

ACJ320

1

ACJ330

Long Range

Corp. Airliner

64

7272

30 30

2219

13

1

16

3

897 6 67 6

4 42 2

1612

5

Gulfstream G550

GulfstreamG650Falcon 7X Global

Express XRSGlobal 6000 GlobalExpressGlobal 5000 Gulfstream V Gulfstream

G650ER

Large

46

52

57

Gulfstream 450

4 4 5

Challenger 604

232525

Challenger 605

23 3

Falcon 2000LX/LXS

33 3

Legacy600

1514

9

Legacy 650

466

Falcon 900LX

442

Gulfstream IV/IV-SP

2 2 2

Falcon 900DX/EX

1 1 1


2

Challenger 601

1 1

Falcon 2000S

2013 2014 2015


Light

811 12

5 55 41 1

41 11 2 1

444 3

Citation Excel/XLS/+ Phenom 300Learjet

35/A/36/ACitation III/VI/VII

Citation CJ3

Citation S/II/Bravo/II/SP

Hawker 400/A/B/XP

Very Light

13 13 13

3 41 1

Citation 525/CJ1/+/M2

Citation Mustang Phenom 100

Medium

20 1917

10 108 7

47

4 54 5 422 2

4 3 2 12 2 14

89

Gulfstream G200

Learjet 60/XR

Hawker 800A/B/ 850XP/

XPI/125-1A


Challenger 300/350


Gulfstream G280

Hawker 900XP

Hawker 4000 Citation X/+

51

2013 2014 2015

GREATER CHINA


2013 2014 2015 +64 +58 +29

Net Fleet Change by Model 2013-2015GREATER CHINA

Net Fleet Change by Model 2013-2015

3

-4

3

7

4 5

1 11

4

-1

1

-1 -1 -1

-1

-1

-4

-1

5

1

-2 -2

2

-3

33

-1 -1 -1-11 12

6

1-1 -1 -1

-1-1

-1

2

-2

-2

-11 1

26

1

11

1

1

-2

2

-2

4

834

2

2

1

1

1

7

Chal

leng

er 6

01

Glo

bal E

xpre

ss

ACJ3

30

Chal

leng

er 8

70

Cita

tion

CJ3

Cita

tion

Exce

l/XL

S/+

ACJ3

19

Chal

leng

er 6

05

Lear

jet 6

0/XR

BBJ2

Glo

bal 5

000

Cita

tion

Sove

ign/

+

ACJ3

18

Chal

leng

er 6

04

Glo

bal E

xpre

ss X

RSBBJ

CRJ2

00VI

P

Cita

tion

Mus

tang

ACJ3

20

Chal

leng

er 8

00/8

50

Cita

tion

CJ1

Chal

leng

er 3

00/3

50

Glo

bal 6

000

Cita

tion

VI/V

II


GREATER CHINA

-1-1

-1 -1-1

1 1

1

1

-3

4

12

2

-2 -2

1224

-4 -4-6

3

-5

1 1 1 1 1 1-1 -1 -1

12

19

14

11

1

-1

-1

221

3 2

53

3

-4

-5

-3

-6

4

-2

9

5

8

-3

-3

-3

3

2

2

-5

2

-2-2

6

Phen

om 1

00

Gul

fstre

am G

650E

R

Falc

on 9

00LX

Gul

fstre

am G

280

Haw

ker 4

000

Falc

on 2

000

Gul

fstre

am G

100

Gul

fstre

am V

Lega

cy 6

50

Lega

cy 6

50

Gul

fstre

am G

550

Haw

ker 8

00A/

B/85

0XP/

XPI/

125-

A

Cita

tion

X

Cita

tion

XLS/

+

Phen

om 3

00

Gul

fstre

am IV

/IV-

SP

Falc

on 2

000L

X/LX

S

Gul

fstre

am G

450

Haw

ker 7

50

Falc

on 7

X

Gul

fstre

am G

200

Haw

ker 4

00/A

/XP

Line

age

1000

Gul

fstre

am G

650

Haw

ker 9

00XP

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 67ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2015 67

2015 OPERATOR OVERVIEW


The top 20 operators in the Asia Pacific region fly 35% of the total business jets, with 9 of the top 10 being based in Greater China.

Australia has the most number of operators with 105, followed by India with 91 and then China with 54. But in Australia and India, the largest operator has a fleet of just 10 and 11 aircraft versus Deer Jet in China which operates 59 aircraft.

The Australian and Indian markets are extremely fragmented with 73 and 61 operators in each country flying just 1 aircraft. The top 5 operators in China operate 55% of the local fleet. In Hong Kong, the top 5 represents 68% of the fleet. The top 5 operators in Australia and India represent only 21% and 22% of their respective fleets.

Examining the top 10 operators in more detail:

• BAA added 9 aircraft in 2015 for a total of 54 aircraft and now operates by far the largest fleet of F7Xs in the Asia Pacific region (11 aircraft), as well as 18 Gulfstream aircraft. BAA’s fleet is split 83%/17% between China and Hong Kong.

• Jet Aviation added 7 aircraft for a total of 39 aircraft, of which 25 are Gulfstreams, including 5 G650s. Jet Aviation’s fleet is largely based in Hong Kong (72%), but it also has aircraft based in Australia (1), Indonesia (3), Japan (3), Macau (1), Malaysia (1) and Singapore (2).

• SinoJet also added 8 aircraft for a total fleet of 18 aircraft but operates 11 different models. Its fleet is split 44%/56% between China and Hong Kong.

• Hongkong Jet added 7 aircraft for a total of 19 aircraft and is the largest operator of single aisle corporate airliners with a fleet of 4 Airbus’ and 4 Boeings. Its fleet is largely based in Hong Kong (11 aircraft) but it also has aircraft based in China (6) and Indonesia (2).

• Deer Jet’s fleet shrank by 9 aircraft to a total of 59 mainly through a reduction in older Gulfstreams (GIVs and GVs) and Hawkers (800s and 900s). Deer Jet still remains a huge Gulfstream operator with 40 aircraft in its fleet. Its whole fleet is based in Mainland China.

• TAG Aviation saw its fleet contract by 4 aircraft to 45 – F7Xs and Challengers mostly. TAG’s fleet remains dominated by Bombardier models (22 aircraft) and is the most diversely based with aircraft under management in 8 countries in the Asia Pacific region: Hong Kong (15), China (14), Singapore (7), Cambodia (3), Malaysia (3) and also Indonesia, Macau and The Philippines with 1 aircraft each.

• Metrojet lost a net 5 aircraft through 2015 to end the year with a fleet of 30 aircraft. Most of the losses were Bombardier aircraft. Metrojet operates 19 Gulfstreams, including 3 G650s. 26 aircraft (87%) are based in Hong Kong, with the remaining aircraft being based in the Philippines.

• China Eastern’s fleet contracted by 2 aircraft in 2015, down to 14 in total. Its fleet is dominated by the Legacy 650 and G450/G550 family with 5 aircraft of each. Its fleet is based in China.

• Lily Jet grew by 1 aircraft in 2015 to 13 in total. 11 aircraft in its fleet are Bombardier models including 5 Challenger 800/850s with 11 aircraft are based in China and 3 in Hong Kong.

• Execujet has a fleet of 18 aircraft, spread amongst 5 different bases, with the biggest fleets being in Australia (8) and Singapore (5).


ASIA PACIFIC REGION

The Top-20 operators in Asia Pacific fly 35% of the total business jet fleet in the region. Deer Jet, BAA, TAG Aviation, Jet Aviation, Metrojet and Hongkong Jet remain the top five jet operators in the region while many Chinese and Hong Kong operators follow, making Greater China count for 10 out of the top 20 Asia Pacific operators.

Dee

r Jet

BAA

TAG

Avi

atio

n

Jet A

viat

ion

Met

roje

t

Sino

Jet

Exec

ujet

Chin

a Ea

ster

n

Lily

Jet

Hon

gkon

g Je

t

59

54

45

39

30

19 18 18

14 14

Top 20 Operator Fleets by OEM – Asia Pacific Region35% of total Asia Pacific fleet

Airbus 3 3 1 1 4 1 1 2 16

Boeing 2 1 4 2 1 1 11

Bombardier 1 11 31 10 4 1 5 14 1 12 4 4 1 3 1 1 1 1 8 114

Cessna 1 1 1 6 6 4 19

Dassault 6 14 4 2 2 1 3 2 1 3 38

Embraer 7 1 2 1 2 5 2 6 26

Gulfstream 40 18 8 25 23 7 8 3 6 2 5 2 2 4 1 154

Hawker 7 1 1 4 13

Westwind 6 6

Total 59 54 45 39 30 19 18 18 14 14 11 10 9 9 8 8 8 8 8 8 397


Airbus 3 3 1 1 4 1 1 2 16

Boeing 2 1 4 2 1 1 11

Bombardier 1 11 31 10 4 1 5 14 1 12 4 4 1 3 1 1 1 1 8 114

Cessna 1 1 1 6 6 4 19

Dassault 6 14 4 2 2 1 3 2 1 3 38

Embraer 7 1 2 1 2 5 2 6 26

Gulfstream 40 18 8 25 23 7 8 3 6 2 5 2 2 4 1 154

Hawker 7 1 1 4 13

Westwind 6 6

Total 59 54 45 39 30 19 18 18 14 14 11 10 9 9 8 8 8 8 8 8 397

Relia

nce

Tran

spor

t & T

rave

ls

Pel-A

ir Av

iatio

n

AR A

irway

s

Asia

Jet

Chal

leng

er

Aero

Air

Kore

an A

ir

Glo

bal J

et A

sia

MJE

TS

Prem

iair

Vist

a Je

t

Total

11 10 9 9 8 8 8 8 8 8


The Hawker Pacific Aircraft Management team is made up of aviation specialists whose combined aircraft operations experience spans more than 200 years and 5 continents. The company’s state of the art Operations Control Centre in Sin-gapore is in charge of managing the fleet around the clock, serving as the center for its clients aircraft that are based throughout the region, in-cluding in cities like Sydney, Singapore, Jakarta, and Manila.

Senior Vice President Patrick Enz, who has spearheaded Hawker Pacific’s Aircraft Manage-ment services out of Singapore since 2012, says the group’s heritage dates back to 1978 and Hawker Pacific’s name comes from the entrepre-neurial activities of Australian aviation pioneer Harry Hawker.

Hawker Pacific’s basic mission is to find solu-tions for aircraft owners’ needs. It delivers a full service that combines the mentality of tra-ditional private banking with a modern asset management approach. The company focuses on its clients’ global travel needs, helping aircraft owners find the most effective ways to take the hassle out of aircraft ownership and protect the value of their investment. “The company at all times represents the owner’s interests and of-fers full transparency of operational costs, with no markups, commissions, or added fees, as it brings clients the peace of mind that comes with a tailor-made solution,” says Enz.

Hawker Pacific’s Operation Management System integrates the latest quality and safety systems to ensure consistent levels of product and service delivery. Hawker Pacific’s administration offers customers a snapshot of operations and finan-cial data along with the status of past and up-coming maintenance inputs at all times. These quality services are delivered through a modular approach to aircraft management tailored to fit each individual situation. These modules can be combined to take a customer from aircraft eval-uation through the purchase and delivery stage to aircraft operation, and can even be extended to include the stage of aircraft re-evaluation and sale, when that time comes.

Hawker Pacificker Pacific Aircraft Manage-ment


Patrick Enz,Senior Vice President

With such extensive services customized to a client’s particular needs, the aircraft owner can enjoy all the prestige, flexibility and convenience of private aircraft ownership while minimizing the complex and time-con-suming tasks involved with the operation, administra-tion and meeting regulatory requirements.

The services Hawker Pacific Aircraft Management of-fers span the full range of needs any aircraft owner will encounter over his or her’s years of owning an aircraft. Hawker Pacific’s dedicated team of experts help aircraft owners monitor their aircraft’s utilization and mainte-nance planning functions; bring professional oversight to the maintenance performed on the aircraft; review Airworthiness Directives and OEM Service Bulletins; monitors the performance of flight crews; ensure that all records and regulatory requirements are completely compliant; offer financial and accounting services; intro-duce competitive insurance solutions, and most impor-tantly, assist the client in all their trip planning needs. The customer’s flight activities are managed through a sophisticated flight operations system that provides se-cure, round-the-clock access to all the aircraft’s details, while allowing pilots and crew to update flying hours and relevant information from any point on the globe.

Enz points to Hawker Pacific’s competitive advantage, saying “Hawker Pacific is a market leader in integrated civil and military aerospace sales and product support in South East Asia, Australia, the Pacific and the Middle East and is one of the largest independent companies of its type in the region with over 700 employees. The company’s Asian operations include established busi-nesses in Singapore, China, the Philippines, Thailand, Indonesia and Malaysia. Hawker Pacific has the whole package to deliver a turn-key solution to end users.”

When asked where he expects Hawker Pacific’s Aircraft Management business to be in the next five to ten years, Enz says “We started our aircraft management business in 2012 and have assembled a team that provides a seamless service that takes the burden of out aircraft ownership for the owner. So far, we have 10 management and support contracts in the region and are quite optimistic with growing 3-4 contracts per year.”

Hawker Pacific is the only full service aircraft manage-ment provider based in Singapore offering also in-house maintenance and hangarage services. When we asked

about the specific needs of his Asian customers, Enz re-plied, “In Asia, end users tend to utilize their aircraft for private use rather than just as a business tool. For this reason, we tailor our services to cater to their personal requirements. For instance, we have a customer who prefers that the flight attendant prepares and cooks complex meals on-board, or procures their favorite dish-es from a specific restaurant. Every crew is assigned one aircraft only, and Hawker Pacific is committed to going the extra mile for our customers.”

Hawker Pacific’s investment and focus in the region gives it a competitive advantage in the dynamic Asia-Pa-cific market. It will be exciting to see this company’s plans become a firm reality in the upcoming years, given a steadily growing market at its doorstep and Hawker Pacific’s ability to deliver a turn-key solution to suit any Aviation customer’s needs.



Dee

r Jet

BAA

Chin

aEa

ster

n

TAG

Avia

tion

Lily

Jet

5945

14 14 11

ASIA PACIFIC REGION

* The top 5 operators are shown unless many operators share the same number of aircraft at the 4th and 5th place.

Top Operator Fleets – by Aircraft ModelChina – 54 Operators in Total• 5 Operators shown represent 48% of the fleet• 14 Operators - 3-8 aircraft each• 14 Operators - 2 aircraft each• 21 Operators - 1 aircraft each

ACJ318 1 1 2

ACJ319 2 1 3

ACJ320 1 1 +1

BBJ 2 2

Challenger 604 2 2

Challenger 605 1 3 1 5 -1


Challenger 800/850 3 2 4 9

Global 5000 3 3

Global 6000 4 1 1 6

Global Express 1 1 2

Global Express XRS 1 1 -1

Learjet 60/XR 1 1 2

Citation 525/CJ/+/M2 1 1

Falcon 2000S 1 1

Falcon 7X 4 10 3 17

Falcon 900LX 1 1 1 3 +1

Lineage 1000 1 1

Legacy 650 5 5 1 11 +5

Gulfstream G200 4 1 1 6 -3

Gulfstream G280 2 2 +2

Gulfstream G450 14 7 2 1 24 +1

Gulfstream G550 20 5 3 28

Gulfstream V 1 1 -2

Gulfstream IV/IV-SP 1 1 -3

Hawker 4000 1 1

Hawker 800A/B/850XP/XPI/125-1A 5 1 6 -1

Hawker 900XP 1 1 -1

Total 59 45 14 14 11 143

Change from 2014 -8 +10 -2 -3 +1 -2

TotalChange

from 2014


Jet A

viat

ion

Met

roje

t

TAG

Avi

atio

n

Hon

gkon

g Je

t

Sino

Jet

28 26

15

11 10

ASIA PACIFIC REGION

* include one Citation Sovereign/+ and one Lineage 1000 which left Hong Kong

Hong Kong – 24 Operators in Total• 5 Operators shown represent 68% of the fleet• 1 Operators - 9 aircraft• 2 Operators - 4 aircraft each• 3 Operators - 3 aircraft each• 3 Operators - 2 aircraft each• 10 Operators - 1 aircraft each

ACJ318 1 1

ACJ319 2 2 -1

BBJ 1 3 1 5 +2


Challenger 604 1 1 -1

Challenger 605 1 1 1 1 2 6 -1


Global 5000 2 1 3 6 -1

Global 6000 3 6 9 +6

Global Express 1 1 2 -1

Global Express XRS 1 1 2 -1

Falcon 7X 1 1 2 -1

Falcon 900LX 1 1 -1

Legacy 600 1 2

Legacy 650 1 1

Gulfstream V 1 1


Gulfstream G450 5 5 1 2 13 +1

Gulfstream G550 9 9 2 1 21 -3

Gulfstream G650 3 2 1 1 1 8 +5

Gulfstream G650ER 1 1 2

Total 28 26 15 11 10 90

Change from 2014 +9 -5 -1 +3*

TotalChange

from 2014


Fort

una

Jet

Jet A

sia

Mac

au L

andm

ark

Man

agem

ent

42 2

Exec

utiv

e Av

iatio

n Ta

iwan

EVA

Airw

ays

Aero

spac

e In

dust

rial

Dev

elop

men

t

Win

Air

Jet

6 42 2

ASIA PACIFIC REGION

Macau – 7 Operators in Total• 3 Operators shown represent 67% of the fleet• 4 Operators - 1 aircraft each

Taiwan – 12 Operators in Total• 4 Operators shown represent 64% of the fleet• 8 Operators - 1 aircraft each

Challenger 605 1 1

CRJ100/200/VIP 1 1

Global Express 1 1

Legacy 600 1 1

Lineage 1000 1 1

Gulfstream G550 2 2

Hawker 4000 1 1 +1

Total 4 2 2 8

Change from 2014 +1 +1

ACJ318 2 2

ACJ319 1 1 +1

BBJ 1 1

Global 5000 1 1

Global 6000 1 1 +1

Global Express XRS 2 2 +1

Legacy 600 1 1

Gulfstream G100/G150 2 2

Gulfstream G550 2 2

Hawker 400XP 1 1

Total 6 4 2 2 14

Change from 2014 +2 +1 -1 +2*

Total

TotalChange

from 2014

Change from 2014

* include one G450 which left Taiwan


Asia

Jet

Gov

’t of

Japa

n -

Coas

t Gua

rd

Jet A

vaiti

on

Min

istr

y of

Lan

d &

Tr

ansp

orta

tion

Nak

anih

on A

ir Se

rice

Japa

n -

Civi

l Av

aitio

n Bu

reau

Kore

an A

ir

Flig

ht In

spec

tion

Cent

er

Hyu

ndai

Mot

or

Sam

sung

Tec

hwin

SK T

elec

om

82 2 2 2

5 43

43 3

ASIA PACIFIC REGION

South Korea – 9 Operators in Total• 5 Operators shown represent 80% of the fleet• 4 Operators operate 1 aircraft

Japan – 28 Operators in Total• 6 Operators shown represent 45% of the fleet• 5 Operators - 2 aircraft each• 17 Operators - 1 aircraft each

ACJ319 1 1

BBJ 1 2 1 4 -1


Global Express XRS 1 1 2

Citation 525/CJ/+/M2 2 2

Citation Ultra/V 4 4

Gulfstream G550 1 1

Hawker 700A/B/750 1 1

Total 8 2 2 2 2 16

Change from 2014 -1 -1

ACJ318 1 1

BBJ 1 1

Global 6000 2 2 +1

Global Express 2 2

Citation CJ4 3 3 +3


Falcon 900/C/DX 2 2

Gulfstream G650 2 2 4

Gulfstream IV/IV-SP 2 2

Gulfstream V 2 2

Total 5 4 4 3 3 3 22

Change from 2014 +1 +3 +4

Total

TotalChange

from 2014

Change from 2014


Relia

nce

Tran

spor

t &

Trav

els

AR A

irway

s

Indi

a Fl

y Sa

feAv

iatio

n

Air O

ne A

viat

ion

Airm

id A

viat

ion

Serv

ices

11

9

4 4 4

ASIA PACIFIC REGION

India – 91 Operators in Total• 5 Operators shown represent 21% of the fleet• 2 Operators - 3 aircraft each• 23 Operators - 2 aircraft each• 61 Operators - 1 aircraft each

ACJ319 1 1

Challenger 604 1 1


CRJ100/200/VIP 1 1

Global 5000 1 1 2 +1

Global 6000 1 1 2 +1

Global Express 1 1


Citation Excel/XLS/+ 2 1 1 4

Citation S/II/Bravo/II/SP 4 1 5

Falcon 2000/DX/EX EASy 1 2 3 +1

Falcon 7X 1 1 +1

Falcon 900EX/EASy 2 2

ERJ135ER/LR 1 1 2

Legacy 650 1 2 3 +1

Lineage 1000 1 1


Total 11 9 4 4 4 32

Change from 2014 +2 +1 +1 +4*

TotalChange

from 2014

* include one Citation CJ2/+ which left India


MJE

TS

Siam

Lan

d Fl

ying

Gov

’t of

Tha

iland

Roya

l Air

Forc

e

AC A

viat

ion

8 4 4 3

ASIA PACIFIC REGION

Thailand – 16 Operators in Total• 4 Operators shown represent 58% of the fleet• 2 Operators - 2 aircraft each• 10 Operators - 1 aircraft each

ACJ319 1 1

ACJ320 1 1

BBJ2 1 1

B737-400 1 1


Citation CJ3 1 1

Citation S/II/Bravo/II/SP 2 2 +1

Citation X/+ 1 1

Falcon 2000LX/LXS 1 1

Gulfstream G200 2 2

Gulfstream G550 1 1 +1

Gulfstream V 1 1

Hawker 400/A/B/Diamond I 2 2

Hawker 800A/B/850XP/XPI/125-1A 2 1 3

Total 8 4 4 3 19


TotalChange

from 2014


Chal

leng

er A

ero

Air

Subi

c In

t'lAi

r Cha

rter

Met

roje

t

Lion

air

Roya

l Sta

r Avi

atio

n

84 4 3 3

ASIA PACIFIC REGION

Philippines – 28 Operators in Total• 5 Operators shown represent 45% of the fleet• 4 Operators - 2 aircraft each• 19 Operators - 1 aircraft each


CRJ100/200/VIP 1 1

Learjet 35/A/36/A 1 1

Learjet 40 1 1

Learjet 75 1 1 +1

Citation 500/I/SP 1 1

Citation Excel/XLS/+ 1 1 2

Dornier 328JET 1 1

Falcon 900/C/DX 1 1

Gulfstream G200 1 1

Gulfstream G300/G350 1 1 +1

Gulfstream G450 1 1

Gulfstream G550 1 1

Gulfstream IV/IV-SP 1 1 2

Hawker 700A/B/750 1 1 2


Westwind 1/2 1 1

Total 8 4 4 3 3 22

Change from 2014 -1 +1

TotalChange

from 2014


ASIA PACIFIC REGION

Gov

’t of

Mal

aysi

a

Smoo

th R

oute

TAG

Avi

atio

n

Berja

ya A

ir

Air A

lsie

Exec

ujet

4 4 3 3 2 2

Malaysia – 34 Operators in Total• 6 Operators shown represent 39% of the fleet• 28 Operators - 1 aircraft each

ACJ319 1 1


Global 5000 1 1 2 +1


Learjet 60/XR 2 2

Citation S/II/Bravo/II/SP 2 2

Citation Sovereign/+ 2 2

Falcon 7X 1 1

Falcon 900LX 1 1

Gulfstream G200 1 1

Gulfstream G450 1 1

Gulfstream IV/IV-SP 1 1 2

Total 4 4 3 3 2 2 18


TotalChange

from 2014


ASIA PACIFIC REGION

Singapore – 34 Operators in Total• 6 Operators shown represent 44% of the fleet• 7 Operators - 2 aircraft each• 21 Operators - 1 aircraft each

TAG

Avi

atio

n

Paci

fic F

light

Serv

ices

Exec

ujet

Asia

Avi

atio

nCo

mpa

ny

Prec

ious

Je

t

Haw

ker

Pac

ific

7 6 5 4 3 3

ACJ319 1 1 +1

Challenger 300/350 1 2 3 +1

Challenger 605 1 2 1 4

Global 5000 3 1 4 +1

Global 6000 1 1 2 +1

Learjet 35/A/36/A 2 2

Learjet 45/XR 1 1

Learjet 60/XR 1 2 3

Legacy 600 2 2 +2

Gulfstream G100/G150 1 1

Gulfstream G450 1 1 2 +1

Gulfstream G550 1 1

Gulfstream III 1 1

Gulfstream V 1 1 +1

Total 7 6 5 4 3 3 28

Change from 2014 +2 +1 +2 +3 +8

Total

Prem

iair Jet

Avia

tion

Gov

’t of

Indo

nesi

a

Haw

ker

Paci

fic

83 3 3

Indonesia – 31 Operators in Total• 4 Operators shown represent 33% of the fleet• 8 Operators - 2 aircraft each• 19 Operators - 1 aircraft each

BBJ2 1 1

Global 5000 1 1 2 +2

Global 6000 1 1 +1


Learjet 31/A 2 2

Falcon 2000LX/LXS 1 1 +1

Legacy 600 2 2

Legacy 650 2 1 3 +1

Lineage 1000 1 1

Phenom 300 1 1 2

Gulfstream G550 1 1

Total 8 3 3 3 17

Change from 2014 +2 +2 +4*

Total

Change from 2014

Change from 2014

* include one BBJ which left Indonesia


Pel-A

ir Av

iatio

n

Exec

ujet

Flig

ht O

ptio

ns(A

ustra

lia)

Reve

sco

Avi

atio

n

Air A

ffair

Aust

ralia

108 7 7

6

ASIA PACIFIC REGION

Australia – 105 Operators in Total• 5 Operators shown represent 21% of the fleet• 1 Operator - 5 aircraft• 4 Operators - 4 aircraft each• 8 Operators - 3 aircraft each• 14 Operators - 2 aircraft each• 73 Operators - 1 aircraft each


Challenger 604 3 3

Global 6000 1 1 +1


Learjet 35/A/36/A 4 6 10

Citation III/VI/VII 1 1 2

Citation Mustang 4 4 +2

Citation S/II/Bravo/II/SP 1 2 3


Phenom 100 3 3

Gulfstream IV/IV-SP 1 1

Westwind 1/2 6 6

Total 10 8 7 7 6 38

Change from 2014 +1 +2 +3

Total

New Zealand – 10 Operators in Total• 2 Operators shown represent 33% of the fleet• 8 Operators - 1 aircraft each

Air H

awke

s Ba

y

Paci

fic Je

ts

2 2

Citation CJ4 1 1

Citation Mustang 2 2 +1

Westwind 1/2 1 1

Total 2 2 4


Total

Change from 2014

Change from 2014


Gulfstream has a long history of seeking the best combination of speed, comfort and efficiency to meet customer’s demands. In the newly crafted G600, Gulfstream’s goal was to combine new wing technology and airframe advances, new engines and a uniquely shaped cabin to transport travelers 11,482 kilometers at a speed of Mach 0.85, faster than any aircraft in its class. And Gulfstream intended to do all that without sacrificing fuel efficiency or passenger comfort.

The G600 has certainly risen to the challenge. With a maximum operating speed of Mach 0.925 and a long-

range cruise speed of Mach 0.8, frequent flyers in the G600 will save hours of flying time per year. The G600 also maximizes efficiency with an advanced wing design and a pair of Pratt & Whitney Canada engines, which can operate for 10,000 hours between overhauls. These engines feature greatly reduced noise levels and emissions, which ultimately lower operating costs and ensure the aircraft will continue to conform to environmental standards.

The G600’s cabin is 2.41 meters wide and 1.93 meters high, the optimal size and shape to promote a balance


of speed and efficiency. The G600 can be configured with up to four living areas in its 13.77 meter long cabin, offering options for either a forward or aft galley, and even the possibility of a shower. The 68.5 centimeter wide seats offer plenty of space to spread out, and the divans and seats can all be converted to beds for sleeping. Conference tables can be added for meetings or dining. There are 10 individual cabin designs for living areas that owners can opt for, making the jet completely configurable for a variety of needs, including work, leisure, dining, or sleep.

The cabin can also be designed to reflect the owner’s unique style, choosing from hand-woven rugs, bamboo flooring, and a wide variety of colors for the upholstery. High definition monitors serve both business and entertainment needs, while satellite communications and the optional Broadband Multilink (BML) high-speed data system make staying in touch a breeze.

The Gulfstream Cabin Management System gives travelers control of l ighting, window shades, temperature and entertainment through touchscreen devices. The G600 is engineered to provide a quiet journey, keeping the air fresh and atmosphere serene with its low cabin altitude. The cabin is so quiet passengers can converse in normal voices, even when flying near the speed of sound.

The Gulfstream G650, from which the G600 was developed, has long been a favorite in its class of business jet. With the release of the newer, better G600, customers are sure to be that much more impressed by its perfect blend of comfort, speed, and efficiency.

PERFORMANCE

Maximum Range: 6,200 nm / 11,482 kmHigh-Speed: Mach 0.90 / 516 ktasLong-Range: Mach 0.85 / 488 ktasMaximum Operating Speed: Mach 0.925Takeoff Distance(SL, ISA, MTOW): 5,700 ft / 1,737 m Landing Distance(SL, ISA, MLW): 3,100 ft / 945 mInitial Cruise Altitude: 41,000 ft / 12,497 m Maximum Cruise Altitude: 51,000 ft / 15,545 m

WEIGHTS

Maximum Takeoff: 91,600 lb / 41,549 kgMaximum Landing: 76,800 lb / 34,836 kgMaximum Zero Fuel: 57,440 lb / 26,054 kgBasic Operating (including 3 crew): 51,440 lb / 23,333 kgMaximum Payload: 6,000 lb / 2,722 kgPayload with Maximum Fuel: 1,800 lb / 816 kgMaximum Fuel: 38,760 lb / 17,581 kg

EXTERNAL

Length: 96 ft 1 in / 29.29 mOverall Span: 95 ft / 28.96 mHeight: 25 ft 3 in / 7.70 m

INTERNAL

Total Interior Length: 51 ft 3 in / 15.62 mCabin Length (excluding baggage): 45 ft 2 in / 13.77 mCabin Height: 6 ft 4 in / 1.93 mCabin Width: 7 ft 11 in / 2.41 mCabin Volume: 1,884 cu ft / 53.35 cu mBaggage Compartment (usable volume):175 cu ft / 4.96 cu m

DESIGN STANDARDS

Avionics: Gulfstream Symmetry Flight Deck™Engines: Two Pratt & Whitney Canada PW815GARated Takeoff Thrust (each): 15,680 lb / 69.75 kNPassengers (Typical Outfitting): Up to 19 / 4 Crew


ASIA PACIFIC

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 87ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2015 87ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 87

2015 OVERVIEW: FLEET AGE & REGISTRATION

The vast majority (63.2%) of the business jets in the Asia Pacific region were manufactured in 2006 or later i.e. are 10 years old or less. Only Cessna, Bombardier and Boeing have more than 30% of their Asia Pacific Region fleet which is older than 10 years old. 55% of Cessna’s fleet is older than 10 years, 40% of Bombardier’s and 36% of Boeing’s.

The business jet fleet in Greater China is very young – 87% of the aircraft based in Hong Kong are less than 10 years old and 78% of the aircraft based in Mainland China are less than 10 years old. For Japan, the percentage less than 10 years old is 87%, Taiwan 73%, South Korea 70% and New Zealand 67%, which also illustrates the newness of business aviation in these various markets.

Looking at the average age of markets and fleets, Hong Kong has the youngest fleet with an average year of manufacture (YOM) of 2010 and Australia has the oldest with an average YOM of 1997. For the OEMs, Embraer has the youngest fleet with an average YOM of 2010 and Cessna has the oldest fleet with an average YOM of 2001.

The top 4 registrations in the Asia Pacific region are China, the USA, Australia and India. Not including the US, the top registrations match the top business jet markets, with 23% of the Asia Pacific Region fleet being Chinese registered, 14% Australian and 13% Indian.

However, a US registration (“N” registered aircraft) is still the most popular with aircraft based in 15 countries across the Asian Pacific region. The next most popular foreign registries are Cayman, Isle of Man and Bermuda. The appeal of these registration are their low costs, ease of registration and operation flexibility.


ASIA PACIFIC REGION

Fleet Age Distribution – Asia Pacific1,134 Total

100

90

80

70

60

50

40

30

20

10

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


ASIA PACIFIC REGION

20

15

10

5

0

20

15

10

5

0

30

25

20

15

10

5

0

20

15

10

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Airbus – 34 in Total

Boeing – 33 in Total

Bombardier – 306 in Total

Cessna – 220 in Total

Age Distribution by OEMby Year of Manufacture


ASIA PACIFIC REGION

20

15

10

5

0

20

15

10

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

20

15

10

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

45

40

35

30

25

20

15

10

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Dassault – 91 in Total

Embraer – 69 in Total

Gulfstream – 264 in Total

Hawker – 98 in Total


ASIA PACIFIC REGION

China – 300 in total

Hong Kong – 132 in total

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

60

50

40

30

20

10

0

20

10

0

Age Distribution by Regionby Year of Manufacture


ASIA PACIFIC REGION

Taiwan – 22 in Total

Macau – 12 in Total

South Korea – 20 in Total

Japan – 49 in Total

India – 145 in Total

Thailand – 33 in Total

5

0

5

0

5

0

20

15

10

5

0

5

0

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


ASIA PACIFIC REGION

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Philippines – 49 in Total

Singapore – 63 in Total

Indonesia – 52 in Total

Australia – 184 in Total

New Zealand – 12 in Total

10

5

0

15

10

5

0

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

10

5

0

5

0

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Malaysia – 46 in Total

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

5

0


ASIA PACIFIC REGION

FLEET REGISTRATIONS – ASIA PACIFIC REGION

Japan

South Korea

India

Bangladesh

Brunei

China

Macau

Taiwan

Hong Kong

Myanmar

Thailand

Cambodia

Malaysia

Philippines

Singapore

Indonesia

Papua New Guinea

Australia

New Zealand

New Caledonia

Samoa

USA

(N)

Japa

n (J

A)

Sout

h Ko

rea

(HL)

Indi

a (V

T-)

Bang

lade

sh (S

2-)

Taiw

an (B

-XXX

XX)

Hon

g Ko

ng (B

-K/B

-LXX

)

Mac

au (B

-MXX

)

Chin

a (B

-XXX

X)

Phili

ppin

es (R

P-C)

Thai

land

(HS-

)

Mya

nmar

(XY,

XZ)

Papu

a N

ew G

uine

a (P

2-)

Indo

nesi

a (P

K-)

Mal

aysi

a (9

M-)

Brun

ei (V

8-)

Base

Cou

ntry

10 (20%)

2 (1%)

28 (9%)

8 (67%)

7 (32%) 13 (59%)

1

254 (85%)

1 (5%)

4 (3%)

37 (73%)

3 (100%)

32 (62%)

1 (2%)

13 (28%)1 (2%)

27 (82%)

1 (100%)

1 (1%)

3 (100%)

24 (18%)

2 (4%)

1 (2%)

1 (2%)

49 (37%)

5 (15%)

2 (67%)

22 (48%)

10 (20%)

24 (13%)

4 (33%)

1 (100%)

19%% of fleet 3% 2% 13% 1% 3% 23% 3% 2% 3% 1%

20 (100%)

147 (97%)

1 (33%)

39 (80%)

36 (57%)

13 (25%)

1 (8%)


ASIA PACIFIC REGION

Japan

South Korea

India

Bangladesh

Brunei

China

Macau

Taiwan

Hong Kong

Myanmar

Thailand

Cambodia

Malaysia

Philippines

Singapore

Indonesia

Papua New Guinea

Australia

New Zealand

New Caledonia

Samoa

Sing

apor

e (9

V-)

Berm

uda

(VP-

B, V

Q-B)

Caym

an Is

land

s (V

P-C)

Isle

of M

an (M

-)

Aust

ria (O

E-)

Arub

a (P

4-)

Cana

da (C

-)

Den

mar

k (O

Y-)

Finl

and

(OH

-)

Fran

ce (F

-)

Luxe

mbe

rg (L

X-)

Mal

ta (9

H-)

Aust

ralia

(VH

-)

New

Zea

land

(ZK-

)

San

Mar

ino

(T7-

)

Base Country

1 (1%)

11 (8%)

6 (2%)

1 (8%) 1 (8%)

1 (5%)

4 (3%) 1 (1%)33 (25%)

8 (3%)1

2 (67%)

3 (7%)

1 (2%) 6 (10%)

1 (2%)

1 (1%)

4 (8%)

1 (1%)

2 (4%)

2 (1%) 3 (2%)

1 (100%)

1 (2%)

1 (2%)

2 (4%) 2 (4%)

1 (1%)

1 (8%)

1 (1%) 3 (2%)

1 (2%)

9 (14%)

153 (83%)

8 (67%)

2 (3%)1 (2%) 1 (2%)

2 (1%)

4 (6%)

1 (2%)

1 (33%)

1 (3%)

1 (1%)

% of fleet2% 4% 1%14%1%2%


Popular Aviation Registrations – Asia Pacific RegionCharacteristics Comparison

Applicable tax rates & regulations may change without notice and vary depending on the structure of the transaction, the timing and place of entering into agreements. It is therefore advised to retain professional advice before entering into any transaction.

Country of

Registration

Cost ofRegistering an Aircraft

Time forRegistration

(Weeks)

EffectiveImportTaxes

Ease of

Financing

Sale ValueAttractivenessInternationally

New AC TypeDelay

(Months)

Crew Licensing& Training

InternationalOperationalFlexibility

ASIA PACIFIC REGION

AUSTRIA

BERMUDA

CAYMAN ISLANDS

CHINA

HONG KONG

NEWZEALAND

INDONESIA

JAPAN

ISLE OF MAN

KOREA

MALTA

MALAYSIA

PHILIPPINES

TAIWAN

THAILAND

USA

AUSTRALIA Average

Medium

Average

Average

Average

Expensive

Medium

Average

Average

Expensive

Medium

Reasonable

Average

Reasonable

Reasonable

Reasonable

Reasonable

Average Rea

Reasonable

Short

Reasonable

Reasonable

Very Long

Very Long

Long

Long

Reasonable

Long

Medium

Reasonable

Reasonable

Reasonable

Reasonable

Reasonable

Medium

Short

Low

None

None

None

Very High

None

High

High

None

Medium

None

None

High

None

High

None

Medium

None

Good

Good

Good

Good

Mostly Local

Good

Mostly Local

Restricted

Good

Good

Reasonable

Good

Mostly Local

Good

Restricted

Good

Mostly Local

Good

Good

Good

Good

Good

Medium

Good

Medium

Low

Good

Good

Good

Good

Good

Good

Low

Reasonable

Reasonable

Good

Reasonable

Short

Short

Short

Very Long

Long

Long

Reasonable

Short

Long

Reasonable

Short

Medium

Reasonable

Medium

Long

Reasonable

Short

Difficult

Medium

Easy

Easy

Very Difficult

Difficult

Very Difficult

Difficult

Reasonable

Very Difficult

Medium

Reasonable

Medium

Medium

Difficult

Medium

Reasonable

Easy

Good

Medium

Reasonable

Reasonable

Medium

Medium

Medium

Low

Reasonable

Medium

Medium

Medium

Medium

Good

Reasonable

Medium

Reasonable

Good

INDIA


ASIA PACIFIC SUPPORT INFRASTRUCTURE BY OEM

Bangalore, India

Beijing, China

Hamburg, Germany

Toulouse, France

Facility Location Aircraft ModelLine

MaintenanceHeavy

MaintenanceSpare Parts Refurbishment

Beijing Support Service Centre Beijing, China ●

AMECO Beijing, China ACJ318/319 ●

HNA Aviation Technik Haikou, China ACJ318/319/320 ● ●

China Eastern Technik Shanghai, China ACJ318/319/320 ● ●

STARCO Shanghai, China ACJ318/319/320 ● ●

STAECO Jinan, China ACJ318/319/320 ● ●

TAECO Xiamen, China ACJ318/319/320 ● ●

HAECO Hong Kong ACJ319/320 ● ●

CASL Hong Kong ● ● ●

EVA Air - Evergreen Aviation Technologies Taoyuan, Taiwan ACJ318/319/320 ● ●

Airbus India New Delhi, India ACJ318/319/320

Airworks Mumbai, India ACJ320 ● ● ●

Indamer Aviation Mumbai, India ACJ320 ● ●

Lufthansa Technik Philippines Philippines ACJ319/320 ● ●

Sepang Engineering Sepang, Malaysia ACJ318/319/320 ● ● ● ●

ST Aerospace Singapore ACJ318/319/320 ● ●

SIA Engineering Singapore ACJ318/319/320 ● ●

AMSA Pinkenba, Australia ACJ319/320 ● ●

Air New Zealand Auckland, New Zealand ACJ320 ● ●

Hamilton Aero Maintenance Hamilton, New Zealand ACJ320 ● ●

Maintenance Service Centres – Asia Pacific Region

OEM Training Centres Worldwide

Airbus

Miami, Florida, USA



MaintenanceHeavy


Beijing Spare Distribution Centre Beijing, China BBJ/BBJ2 ●

Boeing Shanghai Aviation Service Co. Shanghai, China BBJ/BBJ2 ● ● ●

AMECO Beijing, China BBJ/BBJ2 ● ●

STARCO Shanghai, China BBJ ●

STAECO Jinan, China BBJ ●

TAECO Xiamen, China BBJ/BBJ2 ● ●

SMECO Chengdu, China BBJ ●

HAECO Hong Kong BBJ/BBJ2 ● ●

Airworks Mumbai, India BBJ ● ●

Indamer Aviation Mumbai, India BBJ ● ●

Jet Aviation Singapore BBJ/BBJ2 ● ●

ST Aerospace Singapore BBJ/BBJ2 ● ●

SIA Engineering Singapore BBJ/BBJ2 ● ●

AMSA Pinkenba, Australia BBJ ● ●

Airwork Flight Operations Brisbane, Australia BBJ ● ●

Air New Zealand Auckland, New Zealand BBJ ● ●

Hamilton Aero Maintenance Hamilton, New Zealand BBJ ● ●



Boeing

Incheon, South KoreaGimpo, South Korea

Singapore

Brisbane, Australia

Melbourne, Australia

London Gatwick, UK

Stockholm, Sweden

Casablanca, Morocco

Istanbul, Turkey

Sydney, Australia

Shanghai, ChinaMiami, Florida, USA

Buenos Aires, Argentina

Seattle, Washington, USA

Mexico City, Mexico

Atlanta, Georgia, USA


Dubai, UAE

Amsterdam, Netherlands

Burgess Hill, West Sussex, UKMontreal, Canada

Morristown, New Jersey, USADallas, Texas, USA

Toluca, Mexico


MaintenanceHeavy


Beijing Airlines Beijing, China Learjet, Challenger and Global ●

Shanghai Hawker Pacific Shanghai, China Global ●

ExecuJet Haite Tianjin, China Learjet 60, Challenger 300, Challenger 605, Global ●

Metrojet Hong Kong Challenger 300, Challenger 800, Global ● ●

JAMCO Sendai, Japan Global ●

Airworks Mumbai, India Learjet 60, Challenger 300, Challenger 605, Global ● ● ●

Indamer Aviation Ahmadabad, India Global ●

ExecuJet Malaysia Kuala Lumpur, Malaysia

Challenger 300, Challenger 605, Challenger 800, Global ● ●

Bombardier Service Centre Singapore Learjet, Challenger and Global ● ● ● ●

ExecuJet Australia Sydney, Australia Learjet 40/45, Challenger 605, Global ● ● ●

ExecuJet Australia Melbourne, Australia Challenger 605, Global ● ●



Bombardier





MaintenanceHeavy


Beijing Dingshi GA Beijing, China Citaiton Excel/ XLS, Citation Sovereign, Citation X ● ●

China Flight GA Xi'an, China Citation Excel/XLS/+ ● ●

Shanghai Hawker Pacific Shanghai, China Citation Sovereign, Hawker 750/800/850/900, Hawker 4000 ● ●

Okayama Air Service Okayama, Japan All Citation aircraft ● ●

Airworks Mumbai, India Citation CJ1+, Citation CJ2/+ ● ●

Mjets Bangkok, Thailand All Citation aircraft ● ●

SR Aviation Kuala Lumpur, Malaysia Citation Bravo, Citation Sovereign ● ●

Cessna Service Centre Singapore All Citation and Hawker aircraft ● ● ● ●

Hawker Pacific Asia Singapore Hawker 400XP, Hawker 700/750, Hawker 800A/B, Hawker 850XP, Hawker 900XP ● ●

Aeromil Pacific Bankstown, Aus-tralia All Citation aircraft ● ●

Airflite Jandakot, Australia All Citation aircraft ● ●

ExecuJet Australia Sydney, AustraliaCitation I, Citation II, Citation III, Hawker 400XP, Hawker 700/750, Hawker 800A/B, Hawker 850XP, Hawker 900XP

● ●

ExecuJet Australia Melbourne, Australia

Citation I, Citation II, Citation III, Hawker 400XP, Hawker 700/750, Hawker 800A/B, Hawker 850XP, Hawker 900XP

● ●

ExecuJet Australia Perth, AustraliaCitation I, Citation II, Citation III, Hawker 700/750, Hawker 800A/B, Hawker 850XP, Hawker 900XP

● ●

Cessna

Seosan, South Korea

New South Wales, Australia

Riyadh, Saudi Arabia

Hradec Kralove, Czech Republic

Antwerp, Belgium

Zurich, SwitzerlandGig Harbor, Washington, USA

Kapolei, Hawaii USAMaui, Hawaii, USA

Fairbanks, Alaska, USA

British Columbia, Canada

Aurora, Oregon, USA

Creswell, Oregon, USABend, Oregon, USA

Snohomish, Washington, USA


Paris, France

Atlanta, Georgia, USASt. Louis, Missouri, USA

Houston, Texas, USALongbeach, California USA


MaintenanceHeavy


STAECO Jinan, China Legacy 600/650, Lineage 1000 ● ●

Embraer China Aircraft Technical Services Beijing, China All Embraer models ●

ExecuJet Haite Tianjin, China Legacy 600/650, Lineage 1000 ●

China Eastern Shanghai, China Legacy 600/650 ●

Metrojet Hong Kong Legacy 600/650, Lineage 1000 ●

Indamer Aviation New Delhi, India Legacy 600/650, Lineage 1000 ● ●

Indamer Aviation Mumbai, India Legacy 600/650 ●

Indamer Aviation Hyderabad, India Legacy 600/650 ●

Airworks Mumbai, India Phenom 100/300 ●

Airworks Hosur, India Phenom 100/300, Legacy 600/650, Lineage 1000 ● ●

Airworks Chennai, India Phenom 100, Legacy 600/650 ●

Hawker Pacific Asia Singapore Phenom 100/300, Legacy 500, Legacy 600/650, Lineage 1000 ● ●

ExecuJet Singapore Singapore Legacy 600 ●

WJA Aviation Jakarta, Indonesia Legacy 600/650 ●

ExecuJet Australia Sydney, Australia Phenom 100/300, Legacy 500, Legacy 600/650, Embraer 135/145 ●


Phenom 100/300, Legacy 600/650, Em-braer 135/145 ●

ExecuJet Australia Perth, Australia Phenom 100/300, Legacy 600/650, Em-braer 135/145 ●

Airflite Perth, Australia Phenom 100 ●

Maintenance Service Centres – Asia Pacific RegionEmbraer




MaintenanceHeavy


Beijing Capital Airlines Beijing, China Falcon 7X ● ●

Spares Depot - Beijing Beijing, China All Falcon Aircraft ●

Shanghai Hawker Pacific Shanghai, ChinaFalcon DX/EX/EX EASy/LX, Falcon 2000DX/EX EASy/LX/LXS/S, Falcon 7X

● ●

Jet Aviation Hong Kong Falcon 900DX/EX EASy/LX, Falcon 7X ● ●

Spares Depot - Hong Kong Hong Kong All Falcon Aircraft ●

Ligare Aviation Engineering New Delhi, India Falcon 7X ●

Airworks Mumbai, India Falcon DX/EX/LX, Falcon 900EX EASy ●

Taj Air Metrojet Aviation Mumbai, India Falcon 2000/DX/EX/EX EASy/LX/LXS/S ● ●

Siddhartha Logistics Mumbai, India All Falcon Aircraft ●

Hawker Pacific Asia Singapore

Falcon 10, Falcon 20/20-5, Falcon 50/EX, Falcon 200, Falcon 900/DX/EX/ EX EASy/LX, Falcon 2000/DX/EX/EX EASy/LX/LXS/S, Falcon 7X

● ● ● ●

Hawker Pacific Pty Bankstown, Australia

Falcon 10, Falcon 20/20-5, Falcon 50/EX, Falcon 200, Falcon 900/DX/EX/ EX EASy/LX, Falcon 2000/DX/EX/EX EASy/LX/LXS/S, Falcon 7X

● ● ●

ExecuJet Australia Sydney, Australia Falcon 20, Falcon 50/EX, Falcon 900EX/EX EASy/DX ● ●


Falcon 20, Falcon 50/EX, Falcon 900EX/EX EASy/DX ● ●

ExecuJet Australia Perth, Australia Falcon 20, Falcon 50/EX, Falcon 900EX/EX EASy/DX ● ●



Falcon

Merignac, FranceBordeaux, France

Dubai, UAE

West Sussex, UK

Dallas, Texas, USALittle Rock, Arkansas, USA Whippany, New Jersey, USA

Wilmington, Delaware, USAColombus, Ohio, USA

Fort Worth, Texas, USATeterboro, New Jersey, USA



MaintenanceHeavy


Gulfstream Service Centre Beijing, China G-V, G200, G280, G450, G550 ● ● ● ●

STAECO Jinan, China G450 ● ●

Metrojet Hong KongG-V, G-IV/GIV-SP, G100, G150, G200,

G300, G350, G450, G550, G650● ●

Jet Aviation Hong KongG-IV/GIV-SP, G100, G150, G200, G300/

G400, G450, G500/550, G650●

JAMCO Sendai, JapanG-V, G-IV/GIV-SP, G300/G400, G500/

G550● ●

Airworks Mumbai, India G-V, G-IV/GIV-SP, G100, G200, G300/

G400, G450, G500/G550● ●

ExecuJet Malaysia Kuala Lumpur, Malaysia G-IV, G200, G450 ● ●

Jet Aviation Pte SingaporeG-V, G-IV/GIV-SP, G100, G150, G200,

G280, G300/G400, G450, G500/G550● ●

ExecuJet Australia Sydney, AustraliaG-V, G-IV, G300/G350, G450, G550,

G650● ●


G-V, G-IV, G300/G350, G450, G550,

G650● ●

ExecuJet Australia Perth, Australia G-V, G-IV, G300/G350, G450, G550 ● ●

ExecuJet Australia Wellington, Australia G550, G650 ● ●



Gulfstream

Savannah, Georgia, USA

Wilmington, Delaware, USA

Colombus, Ohio, USADallas, Texas, USA

Long Beach, California, USA Hong Kong

Farnborough, Hants, UK


FIXED-BASE OPERATORS (FBO) – ASIA PACIFIC REGION

Hong Kong Business Aviation Centre

Executive Aviation FBO

Eva Sky Jet CentreTaiwan Taoyuan Business Aviation Centre

Deer Jet

ExecuJet Indonesia

Hawker Pacific

SkyCare InternationalAir Center One

JetCityAvia

Blue Demon Aviation

Hawker Pacific

Jet Aviation

Contrails

Wings Over Asia

Hawker PacificBrisbane Jet Base

Archerfield Jet Base

Hawker Pacific

Platinum Business Aviation Center

Hawker Pacific Asia

IndoAsia Ground Services

Ausjet

Airflite

Macau Business Aviation Centre

Shenzhen Business Aviation Terminal

Shanghai Hawker Pacific Business Aviation Centre

AVJET AsiaIASS

Deer Jet FBO

Royal Skyways

ASE Handling

MJets

Smooth RouteNusantara Aviation Services

SkyParkAeroHandlers

C-jet FBO

Shaurya Aeronanutics

Beijing

Seoul

Shanghai

Taipei

Macau

Hong Kong

Shenzhen

Bangkok

Celebi Airport Services

Pattaya

Singapore

Brisbrane

Sydney

Auckland

Gold Coast

Jarkarta

Bali

Calms

Melbourne

Perth

Kuala Lumpur

Haikou

Sanya

AA Corporation

Nakanihon Air Service

Okayama Air Service

Kobe Air CenterKobe

Narita

Nagoya

Okayama

Shizuoka

Premier Gate Business Aviation Terminal

Fuji Dream Aviation Engineering

Aero AsahiIASS

Chubu Centrair Business Aviation Terminal

Flightrans Jet

Changsha

New Delhi

Mumbai

Deer Jet

Execujet

Execujet


Financing InstitutionsName Office Location Finance Lease Operating LeaseCIT International ● ●BNP Paribas International ●UBS International ● Citi Bank International ● Bank of America International ● ●Credit Suisse International ●Goldman Sachs International ● Global Jet Capital International ● ●SMBC Aviation Capital International ● ●Wells Fargo Bank Northwest, N.A. International ●LaserLine Lease Finance Corporation International ●Minsheng Bank China ● ●ICBC China ●Bank of China (BOC Aviation) China ●Industrial Bank China ● ●China Development Bank China ●China Merchants Bank China ● ●Agriculture Bank of China China ● ● Changjiang Leasing China ● ●AVIC Leasing China ●Shanghai Guojin Leasing China ●Anbang Insurance China ● China Huarong Financial Leasing China ● CITIC Futong China ● China Trust Taiwan ● Chailease Finance Taiwan ● ●ITC-Leasing, Inc. Japan ● ●Sumitomo Mitsui Finance and Lease Co., Ltd Japan ●Capital Finance Australia ● MACQUARIE Australia ●Westpac Australia ●ANZ Australia ●Commonwealth Bank of Australia Australia ● ●National Australia Bank Australia ●

Legal Firms

Law Firm Region Law Firm RegionHerbert Smith Freehills Australia Shook Lin & Bok Indonesia Allens Australia Makarim & Taira S. IndonesiaMinter Ellison Australia Bae, Kim & Lee Korea Allen & Overy LLP Australia Kim & Chang KoreaKing & Wood Mallesons Australia and China Lee & Ko Korea Run Ming Law Offices China Yulchon LLC Korea Jun He Law Offices China Yoon & Yang LLC Korea Clifford Chance Hong Kong Bell Gully New ZealandClyde & Co Hong Kong Chapman Tripp New ZealandBird & Bird Hong Kong Russell McVeagh New ZealandHolman Fenwick William Hong Kong Appleby Offshore Mayer Brown JSM Hong Kong Bedell Cristin Offshore Stephenson Harwood Hong Kong Carey Olsen Offshore William K K Ho & Co. Hong Kong Conyers Dill & Pearman Offshore Lee and Li Taiwan Harney Westwood & Riegels Offshore Tsar & Tsai Law Firm Taiwan Maples and Calder Offshore Bhasin & Co India Mourant Ozannes Offshore Wadia Ghandy & Co India Walkers Offshore Gagrats India SyCip Salazar Hernandez & Gatmaitan Philippines Mulla & Mulla & Craigie Blunt & Caroe India Hogan Lovells Singapore Anderson Mori & Tomotsune Japan Milbank Singapore Nagashima Ohno & Tsunematsu Japan Watson Farley & Williams Singapore and Hong KongNishimura & Asahi Japan Siam Premier Thailand Squire Sanders Japan

Involving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimise both costs and potential problems relating to the aircraft for the long run. Aircraft transactions are complicated and involve a sizable number of documents, including sales and purchase agreement, financing agreement, aircraft management agreement, and all specification, registration, and importation documents, just to name a few. Due to the unique nature of aircraft transactions, industry experts and specialists in both the legal and commercial aspects of transactions will be needed to scrutinise each transaction to ensure that seller or buyer’s legal interests are best protected and the best commercial terms are obtained.

ASG iaises with top law firms when legal services are required, and thereby ensures a smooth transaction both legally and commercially.



INTERIOR COMPLETION CENTRES

USA

Brazil

New Zealand

Canada

Bombardier Aerospace

Flying Colours

Comlux Completion

Embraer Completion Centre

Innotech Aviation

Aloft AeroArchitects

Bombardier Aerospace

PATS Aircraft Systems

L-3 Platform Integration

Gulfstream Completion Centre

Standard Aero Associated Air Centre

Elliott Aviation

Jet Aviation

Flying Colours

Duncan Aviation

Hillaero Modification Centre

Asociated Air Center

GDC Technics

Altitude Aerospace Interiors

Cessna Completion Centre

Aeria Luxury Interiors

Cascade Aerospace

Greenpoint Technologies

Dassault Falcon Jet

Embraer Completion Centre


Airbus Corporate Jet Centre

JCB Aero

Sabena Technics

Jet Aviation

Delta Interior Design

SR Technics

Amac Aerospace

SwitzerlandItaly

Russia

GermanyNetherlands

China

Singapore

France

Lufthansa Technik

Fokker Air Services

Air France Industries

Kvand Aircraft Interiors

ST Aerospace

Flying Colours

TAECO


OEM Completion Centres

NAME AIRCRAFT CAPABILITIES

Airbus Corporate Jet Centre Airbus ACJs

Bombardier Aerospace Bombardier

Dassault Falcon Jet Falcon

Embraer Completion Centre Embraer

Gulfstream Service Centres Gulfstream

Cessna Completion Centre Cessna

Independent Completion Centres

NAME AIRCRAFT CAPABILITIES

Aeria Luxury Interiors Airbus ACJs, Boeing BBJs

Altitude Aerospace Interiors Boeing BBJs

AMAC Aerospace Boeing BBJs, Airbus ACJs

Associated Air Center Boeing BBJs

Air France Industries Boeing BBJs

Aloft AeroArchitects Boeing BBJs

Cascade Aerospace Boeing BBJs

Comlux Completion Airbus ACJs, Boeing BBJs

Delta Interior Design Airbus ACJs, Boeing BBJs

Duncan Aviation Falcon, Gulfstream, Global, Challenger, Hawker, Learjet, Citation, Embraer, King Air, Astra, Westwind

Elliott Aviation Hawker, Beechjet, Bombardier

Fokker Aircraft Services B.V. Boeing BBJs

Flying Colours Corporation Bombardier Learjet, Challenger and Global

GDC Technics Boeing BBJs, Airbus ACJs

Greenpoint Technologies Boeing BBJs

Innotech Aviation Bombardier Challenger and Global

HAECO Boeing BBJs

Hillaero Modification Centre Learjet, King Air, Citation, Pilatus, Hawker, Beechjet, Diamond, Falcon, TBM, Meridian, Westwind

JCB Aero Airbus ACJs, Boeing BBJs

Jet Aviation Airbus ACJs, Boeing BBJs, Bombardier, Gulfstream, Falcon, Hawker

L-3 VIP/HOS Platform Integration Airbus ACJs, Boeing BBJs, Gulfstream, Lockheed

Lufthansa Technik Airbus ACJs, Boeing BBJs

PATS Aircraft Systems Boeing BBJs, Embraer

Sabena Technics Airbus, ATR, Boeing, Bombardier, Embraer, Fokker

SR Technics Airbus ACJs, Boeing BBJs

ST Aerospace Airbus ACJs, Boeing BBJs

Standard Aero Associated Air Centre Airbus ACJs, Boeing BBJs

TAECO Airbus ACJs, Boeing BBJs


Flying Colours Corp. has built an international reputation since founder John Gillespie repainted his first King Air just over thirty years ago. It is now a global aviation company providing a service led by the core philosophies of technical innovation, business integrity and service flexibility. This has underpinned the work ethic at the family owned-and-run business. At its Peterborough, Ontario headquarters in Canada the company specializes in green completions, interior refurbishment, maintenance, component services, avionics installations and upgrades and, staying loyal to its roots, exterior paint work.

In 2015, the company launched Flying Colours Corp. Asia PTE when Bombardier Aerospace selected the company to provide full service interior refurbishment capabilities on Learjet, Challenger and Global business jets at Bombardier’s wholly owned Singapore Service Centre located at Seletar Airport in Singapore.

“The local facility brings real benefits to aircraft owners and operators in the region who no longer have to experience lengthy downtimes whilst aircraft are sent to Europe or the USA for interior upgrades. With our local base we are fulfilling a strong market demand,’ says Eric Gillespie, VP Business Development. Since opening, the facility has worked on over 50 aircraft supporting a range of projects including refurbishing and refinishing woodwork and cabinetry, repairing and restoring upholstery, and upgrading interior furnishings. The aim is to employ a mainly local workforce with each employee benefiting from a specially developed three-month training program in Canada. Through additional on-

Eric Gillespie, Vice PresidentBusiness Development

ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2015114


the-job training and specific aircraft project-led work, it is expected employees will then become proficient in all the interior skills currently provided by Flying Colours. “We are always looking for the right candidates and are keen to ensure their development. Right now the skills needed to deliver the quality expected for Bombardier aircraft are rare, which is why we wanted to recruit team members who really understood the challenges and could rise to them,” said Gillespie.

Flying Colours has extensive experience in Asia. It has completed or refurbished for Asian clients over 30 aircraft

in the last four years, including a number of special mission projects. In 2014 it confirmed its strong position in the Asian market when it announced a joint venture with China-based Sparkle Roll Technik Co., Ltd. (“SRT”), a total technical solution provider for business aviation based out of Beijing, China. The partnership launched with the ambition of converting eight B-registered CRJ-200 regional jets into VIP configurations. The first of the aircraft has just been completed with a mixed class shuttle format. Sparkle Roll and Flying Colours jointly created the striking cabin, incorporating black furnishings and rose gold accents. The cabin has been divided into three separate areas incorporating a 20-seat economy section, a central two double club layout, and a three seat divan alongside a double club business class seat in the front cabin. An aft lavatory and small forward galley complete the layout.

The Chinese Civil Aviation Authority (CAAC) awarded a new STC for the format and certified the B registered aircraft. “As far as we know, this is the first time that a B-registered aircraft has been reconfigured outside of China and then returned on the same registry with all the approvals obtained outside of China. Our understanding

of the certification paperwork, registration process, STCs and extensive modification knowledge complements our partnership and supports our ambitions to further develop our business in the region,” says Gillespie. The next three aircraft are currently in process and are expected to be finished by the autumn.

The final five will be redelivered in a Flying Colours CRJ ExecLiner VIP format with a 15 seat configuration, a style mirroring a Bombardier Challenger 850. The CRJ ExecLiner is a format developed by Flying Colours that has already proved popular in the Asian region with a dozen

of the aircraft type already delivered. The VIP jets will incorporate an advanced inflight entertainment system and the installation of a supplemental fuel auxiliary system engineered by Flying Colours Corp. specifically for CRJ conversions.

During the conversions, a team of three SRT technicians have been, and will continue to be, present on site in Canada to learn the skills and techniques required to complete the cabin to the high standards expected by private jet passengers. ”We think it’s important to share our technical expertise with our partners in Asia. The region has huge potential and we are proud to continue to strengthen the human resource infrastructure.”

Looking to the future, Flying Colours Corp. continues to bolster its team with new sales, engineering and technical representatives joining on a regular basis. “We have a unique position in the aviation environment and we intend to continue growing our Asian customer base whilst, of course, remaining focused on our existing loyal and valuable customers,” concludes Gillespie.



Indi

a

Chin

a

Aust

ralia

Thai

land

Hong

Kon

g

Sing

apor

e

Indo

nesi

a

Japa

n

Taiw

an

Mal

aysi

a

Sout

h Ko

rea

New

Ze

alan

d

Mac

au

Phili

ppin

es

Tota

l

Corp. Airliner

(28)

Challenger 850 3 4 1 3 1 12

BBJ 4 2 1 7

ACJ319 1 1 1 3

ACJ318 1 1 1 3

B727-100 1 1

RJ70 1 1

Lineage 1000 1 1

Long Range

(53)

Gulfstream G550 1 11 2 2 1 17

Global Express/XRS 3 2 5 1 1 1 13

Global 6000 2 2 2 6


Global 5000 1 1 2 1 1 6

Gulfstream V 1 1 1 3

Falcon 7X 1 1 2

Large(72)

Legacy 600/650 6 3 1 1 6 1 18


Gulfstream G450 7 1 1 1 1 11

Gulfstream IV/SP 2 2 1 1 6

Challenger 605 1 2 1 1 1 6

Falcon 2000 4 1 5


Falcon 2000LX/LXS 2 1 3

Falcon 900DX/EX 1 1

Falcon 2000EX/EASy 1 1

Falcon 900LX 1 1

Gulfstream G300 1 1

Falcon 900/C 1 1

Medium(59)

Hawker 800A/B/XP/XPI 3 3 2 1 1 10

Hawker 850XP 6 1 1 2 10

Gulfstream G200 1 2 4 3 10

Hawker 900XP 2 2 1 4 9


Citation Sovereign 3 2 5

Citation X/+ 2 2 4

Gulfstream G100 1 1

Gulfstream G150 1 1

Hawker 750 1 1

Gulfstream G280 1 1

Hawker 1000B 1 1

ASIA PACIFIC CHARTER AVAILIABILITY


Indi

a

Chin

a

Aust

ralia

Thai

land

Hong

Kon

g

Sing

apor

e

Indo

nesi

a

Japa

n

Taiw

an

Mal

aysi

a

Sout

h Ko

rea

New

Ze

alan

d

Mac

au

Phili

ppin

es

Tota

l

Light(28)

Citation VI/VII 2 1 1 4

Hawker 400/A/XP 1 2 1 4

Citation CJ2 1 1 2

Citation V 2 2

Citation Bravo 2 2

Citation Excel 2 2

Citation III 2 2

Learjet 45/XR 1 1

Citation CJ2+ 1 1

Sabreliner 65 1 1

Citation CJ3 1 1

Learjet 35/A 1 1

Citation CJ4 1 1

Nextant 400XT/XTi 1 1

Citation Encore+ 1 1

Citation XLS/XLS+ 1 1

Citation Ultra 1 1

Very Light(10)

Citation CJ1 1 1 2

Citation Mustang 1 1

Premier I 1 1

Citation CJ1+ 1 1

Learjet 24A/E/F 1 1

Citation I 1 1

Premier IA 1 1

Citation I/SP 1 1

Citation II/SP 1 1

Total 56 49 42 19 19 17 15 12 7 6 3 2 2 1 250

% of Total 22% 20% 17% 8% 8% 7% 6% 5% 3% 2% 1% 1% 1%


AIRCRAFT MODELS POSITIONINGAircraft Total Yearly Cost vs Maximum Range

* Total Yearly Cost estimated includes Conklin & de Decker 2015 industrial figures for aircraft acquisition cost on 10 years, plus yearly operating cost, plus adjustments to account for regional differences and financing costs.

Very Light

Light

Medium

Large

Long Range

Corp. Airliner

ACJ321

ACJ320

ACJ318

BBJ3 BBJ2

ACJ319

BBJ

G650ERG650

G550

F8X

F7X

G-VF900EX EASy

Global Express XRS

Global Express

Global 6000

Global 5000

G500

G450

F900LXLegacy 650

F2000LXSG350CL850CL890 CS

CL870 CS

CL350

CL300

Cit. X+

Cit. X

Cit Latitude

Legacy 500

Legacy 450

Cit. XLS+L75L70 L60XR

Cit. VII

L45XR

Phenom 300L40XR

Cit. ExcelCit. Encore+

Cit. CJ3Diamond 1A

Eclipse 550

Cit MustangHondaJet

Cit. CJ2

Cit. M2Cit. Ultra

Cit. EncoreCit. CJ2+

Astra SPCit. CJ3+

Cit. CJ4Cit. XLS

G100

Nextant 400XTi

Cit. CJ1+

Cit. CJ1

Premier IA

Beechjet 400AH400XPCit. Bravo

Phenom 100E

G280G300

F2000

Legacy 600

F900EX

F2000LXG-IVSP

F2000DXG-IV

F50EXG150Cit. Sovereign

Cit. Sovereign+

H4000H900XP

H850XPH800XP

H800

G200

CL604F2000EX

CL605

1000 2000 3000 4000 5000 6000 7000 80000

1920

18171615

13

12

11

10

9

8

7

6

5

4

3

2

1

14

Estim

ated

Tota

l Yea

rly C

ost (

Milli

on U

SD/Y

ear)

Lineage 1000E

Max. Range (N.M.)

F2000S


RECENT & UPCOMING AIRCRAFT MODELSBy Maximum Range

By Cabin Volume

RecentDelivery

RecentDelivery

Upcoming

Upcoming

Max

imum

NBA

A IF

R Ra

nge

(N.M

.)Ca

bin

Volu

me

(ft3)

Expected First Delivery Year

Expected First Delivery Year

9000

7000

5000

8192

3000

1024

1000

256

8000

6000

4000

2048

4096

2000

512

0

128

2014

2014

2015

2015

G650ER

G650ER

ACJ319neo

ACJ319neo

Falcon 8X

Falcon 8X

Falcon 5X

Falcon 5X

BBJ MAX 8

BBJ MAX 8

Global 8000

Global 8000

Global 7000

Global 7000

G600

G600

ACJ320neo

ACJ320neo

BBJ MAX 9

BBJ MAX 9

G500

G500

Citation Longitude

Citation Longitude

Learjet 85

Learjet 85

PC-24

PC-24

Cirrus Vision SF50

Cirrus Vision SF50*

Hondajet

Hondajet

Legacy 450

Legacy 450

Citation Latitude

Citation Latitude

Challenger 650

Challenger 650

Citation X+

Citation X+

Challenger 350

Challenger 350

Legacy 500

Legacy 500

Nextant 400XTi

Nextant 400XTi

Citation M2

Citation M2

Sukhoi SBJ

Sukhoi SBJ

2016

2016

2017

* Estimated Cabin Volume

2017

2018

2018

2019

2019

2020

2020


PRE-OWNED AIRCRAFT FOR SALE

Pre-owned Business Jet Global Availability– % of Fleet for Sale

Pre-owned Business Jet for Sale Global Availability– Average Days on Market

Airbus

Bombardier

Dassault

Gulfstream

Boeing

Cessna

Hawker

Embraer

Airbus

Bombardier

Dassault

Gulfstream

Boeing

Cessna

Hawker

Embraer

Source: JetNet

15%

Jan-2015 Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Oct-2015 Nov-2015 Dec-2015

14%

13%

12%

11%

10%

9%

8%

7%

6%

Jan-2015 Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Oct-2015 Nov-2015 Dec-2015

600

550

500

450

400

350

300

250

200

The information contained in this report is provided free of charge for reference only. While such information was compiled using the best available data as of December 2015, ASG makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, and expressly disclaims any and all liability for damages of any kind, either direct or indirect, arising out of use, reference to, or reliance on any information contained within this report.

ASIAN SKY GROUP Suite 3905, Far East Finance Centre, 16 Harcourt RoadAdmiralty, Hong Kong

Telephone +852 2235 9222Facsimile +852 2528 2766

www.asianskygroup.com

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