CONTRIBUTION - Asian Sky Groupasianskygroup.com/attachment/news/ASG-ASIA-PACIFIC... · Gulfstream...
Transcript of CONTRIBUTION - Asian Sky Groupasianskygroup.com/attachment/news/ASG-ASIA-PACIFIC... · Gulfstream...
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Asian Sky Group Limited (“ASG”) is headquartered in Hong Kong with offices throughout Asia. It has assembled the most experienced business aviation team in the Asia-Pacific region to provide a wide range of independent consulting services to both fixed-wing and rotary-wing aircraft owners. Asian Sky Group provides access to a significant customer base around the world with the help of its exclusive partners: Avpro Inc., the largest business jet brokerage firm in the US; and AVIC International Development Corporation, the largest state-owned aviation enterprise in Mainland China.
Asian Sky Group is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) withover US$ 1 billion in revenue and nearly US$ 3 billion in assets, and by Avion Pacific Limited, a Mainland China-based general aviation service provider with over 20 years of experience and 6 offices and bases throughout the country.
Asian Sky Group provides its clients with the following aviation consulting services:1) AIRCRAFT SALES, including acquisition or marketing, selection of aircraft, asset financing, ownership
structuring, registration and operator selection, inspections and appraisals, and contractual support;2) COMPLETION MANAGEMENT, including cabin definition, facility selection, completion oversight,
delivery and regulatory compliance, and contractual support; 3) OPERATION OVERSIGHT, such as invoice analysis and owner representation; 4) LUXURY CHARTER SERVICES; 5) SPECIAL PROJECTS and 6) TRANSACTIONAL ADVISORY.
Asian Sky Group would like to acknowledge the gracious contributions made by numerous organisations, including aircraft operators, OEMs, aviation authorities, Jetnet, Flight Global Ascend and superhero.ph in providing data and support, without which the information presented in this report could not have reached its level of accuracy.
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'll find the information useful. If you would like to receive further information about our aviation 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
1ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
INTRODUCTION
TABLE OF CONTENTS
EXECUTIVE SUMMARY AND KEY FINDINGS…………………………………….…………….3 FLEET BREAKDOWN – ASIA PACIFIC
Fleet by OEM and by Country…......……………...………….......................................6
Top-20 Operator Fleets by OEM.......……………………….....................................22Aircraft Models by Region…………….……………………….....................................24Fleet by Size Category……………........……………………….....................................36Fleet Registrations....…………………………………………….....................................38Fleet Age Distribution.......…………………….…………………..................................41
FLEET ADDITIONS – ASIA PACIFIC........………………………………………….…......……48
GREATER CHINA – MARKET TRENDS..................…......………………………......……54Net Fleet Growth 2012-2014...........................................................................55Aircraft Additions & Deductions......................................................................61Foreign Aircraft Operation Highlights.............................................................70Forecast for 2015...........................................................................................71
SUPPORT INFRASTRUCTURE – ASIA PACIFICMaintenance Service and Training Centres..…………...................................73Fixed-Base Operators (FBO)..…………………………...........................................81Financing Institutions......…………………….…………………...................................83Legal Firms........................................................................................................83Compeletion Centres.......…………………….…………………...................................84
CHARTER AIRCRAFT AVAILABILITY.....……….……………………………..…………....……88
PRE-OWNED AIRCRAFT GLOBAL AVAILABILITY……………………...…….............……91
AIRCRAFT MODELS POSITIONING……………………………………………………….……...92
Asian Sky Group (ASG) is pleased to present the first of its kind Asia Pacific Business Jet Fleet Report for Year-End 2014. The report follows ASG’s previously established Greater China Business Jet Fleet Report, first published in March 2012. For copies of ASG’s various industry reports, please visit us at www.asianskygroup.com.
This report provides the most complete coverage of the business jet fleet in the Asia Pacific region, “Asia Pacific” being defined as Asian countries in the Pacific Ocean region. Therefore, northern/central Asia and Oceania countries such as India, Australia or New Zealand are not included. Countries covered in this report include: Greater China (China, Hong Kong, Macau, Taiwan), Japan, South Korea, Thailand, Cambodia, Myanmar, Philippines, Malaysia, Brunei, Singapore, Indonesia and Papua New Guinea.
2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Note (1): Fleet Distribution was done according to Business Jets in service and their active base of operations
Note (2): As only Greater China 2013 fleet distribution was independently verified, 2013 data for the Asia Pacific region has been determined by using deductions for the Greater China region only.
647 744+15%
ASIA PACIFIC BUSINESS JET FLEET
3 3
4045
1
Brunei 3 3
297
256
4441
11 11
Philippines +13%
Papua New Guinea
China +16%
Macau
15 17
Taiwan +13%
+7%Japan
Myanmar
4348
Malaysia +12%
2013 2014
2120
South Korea +5%
3027
Thailand +11%
114
98
Hong Kong +16%
40 46
Indonesia +15%
5061
Singapore +22%
3Cambodia
3ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Asian Sky Group’s Business Jet Fleet Report introduces a unique and alternate perspective on the business jet market in the Asia Pacific region. The report focuses on “net” additions of aircraft into in the Asia Pacific region as of year-end 2014. Net additions is defined as new aircraft plus pre-owned aircraft deliveries less the aircraft which exited the market throughout the year, or deductions.
The report provides an important overview of the performance of each Original Equipment Manufacturer (OEM), pre-owned sales and acquisition market activity, and is ultimately also a gauge of regional and per country business confidence levels.
So by these measures:
• 2014 appears to have been a successful year for Gulfstream who remains the market leader and delivered 30 new aircraft into the Asia Pacific region – the first G650s but the majority, as usual, being G450s and G550s;
• If the Greater China market is any indication of the overall pre-owned market activity levels in the whole Asia Pacific region, aircraft sales activity levels dropped off dramatically in 2014 to almost half of those in 2013; and
• Normally, as China goes, so does the Asia Pacific region. This is due to the fact that China represents almost 50% of the market. However, 2014 was a challenging year for China which consequently has allowed others countries in the region to shine and demonstrate their continuing strong performance. Those “other countries” in the region are primarily Thailand, Malaysia, Singapore & Indonesia, which grew at the same rate as China in 2014. So one can interpret that business confidence levels in China are down while up across South-East Asia.
As is always the case, there are inevitably other typical factors and market influences to consider. Hopefully, Asian Sky Group’s report will be able to reveal these key market drivers and thus ultimately shed an important light on the outlook for 2015.
Not considering Greater China (see the special section in the report on this key market):
• The largest business jet markets are Singapore and Malaysia where in both cases Bombardier is the dominating OEM and has a fairly balanced fleet in both countries with aircraft in operation from across its product line of Lear Jets, Challengers and Globals.
• Indonesia is where Embraer has had the most success outside of China. There are 9 Legacy aircraft in Indonesia and the first Phenom 300s.
• The Philippines is a Medium and Light aircraft size category market thus dominated by Cessna and Hawker, but is probably one of the oldest fleets in Asia Pacific.
• Thailand seems to be either a Long Range Gulfstream market or, at the other end of the spectrum, a Light Cessna and Hawker market.
• Japan is Cessna’s largest market outside of China and it has Gulfstream’s largest fleet of G650s in the Asia Pacific region.
• Finally South Korea is another strong market for Cessna (66% of Cessna’s fleet in Asia Pacific is located in North Asia) but also has the largest concentration of BBJs in the Asia Pacific region.
EXECUTIVE SUMMARY
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3
4 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Key Findings
● At the end of 2014, there were 15% more business jets based in the Asia Pacific region than in the previous year, growing from 647 to 744 aircraft.
● Out of the 18 countries and territories, Singapore, China, Hong Kong and Indonesia had a higher than average addition of jets with 22%, 16%, 16% and 15% respectively.
● Gulfstream and Bombardier continue to dominate the Asia Pacific business jet market with 30% and 26% of the fleet. Cessna, Dassault and Hawker follow with a 14%, 8% and 8% market share respectively, by aircraft number.
● In 2014, Boeing increased its net Asia Pacific fleet by 30.4%, Dassault 29.5%, Embraer 29.4% and Gulfstream 20%.
● The top-20 operators in the Asia Pacific operate 51% of the entire business jet fleet. Out of those, 16 are based in China or Hong Kong.
● Nearly 60% of the Asia Pacific business jet fleet consists of large or long range category aircraft largely positioned in China, Hong Kong and Singapore.
● The vast majority (72.2%) of business jets in the Asia Pacific were manufacturer in 2005 or later. 90% in Hong Kong and 80% in China are younger than 10 years old.
● The USA registration (N prefix) is preferred in almost every country in Asia Pacific – representing 24% of all business jets in the region.
● Out of 97 net additional aircraft in the region, 87 were new deliveries from OEMs, 42 were pre-owned aircraft and 32 were relocated out of the region. Gulfstream, Bombardier and Dassault combined contribued 70.6% of all the additions with 33.3%, 24.8% and 12.4% shares respectively.
● The most popular business jet models added to the Asia Pacific fleet in 2014 were the Gulfstream G550, G450, Bombardier Global 6000 and Dassault Falcon 7X.
● The majority of 2014 net additions were for aircraft based in China, Hong Kong and Singapore, representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively.
● The Greater China business jet fleet represents 59% of the aircraft (439 in total) in the Asia Pacific region.
● The net number of aircraft additions in Greater China in 2014 was 59 versus 64 in 2013 and over 100 in 2012.
● Pre-owned aircraft represented almost half the additions to the Greater China fleet in 2013. However, this number was only 27% in 2014.
6 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FLEET BY OEM & COUNTRY – ASIA PACIFIC
Total % of Total% Change from 2013
Airbus 11 6 1 1 1 2 1 1 24 3% -Boeing 7 5 3 3 2 1 1 6 2 30 4% -Bombardier 80 35 25 15 10 11 4 1 3 3 5 1 193 26% -Cessna 37 1 3 8 4 10 23 8 8 2 104 14% -1%Dassault 32 8 1 5 2 3 2 2 1 1 57 8% 1%Dornier 1 1 - -Eclipse 1 1 - -Embraer 20 4 4 1 14 1 44 6% 1%Gulfstream 96 54 18 9 4 7 10 11 2 8 3 3 225 30% -Hawker 14 1 5 5 10 10 3 7 1 3 1 60 8% -1%Nextant 1 1 - -Sabreliner 1 1 - -Westwind 3 3 - -
Total 297 114 61 48 46 45 44 30 21 17 11 3 3 3 1 744
% of Total 40% 15% 8% 6% 6% 6% 6% 4% 3% 2% 1% - - - -
% Change from 2013 +16% +16% +22% +12% +15% +13% +7% +11% +5% +13% - - - - -
297
114
6148 444546
30
Chin
a
Hon
g Ko
ng
Sing
apor
e
Japa
n
Mal
aysi
a
Phili
ppin
es
Indo
nesi
a
Thai
land
7ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Total % of Total% Change from 2013
Airbus 11 6 1 1 1 2 1 1 24 3% -Boeing 7 5 3 3 2 1 1 6 2 30 4% -Bombardier 80 35 25 15 10 11 4 1 3 3 5 1 193 26% -Cessna 37 1 3 8 4 10 23 8 8 2 104 14% -1%Dassault 32 8 1 5 2 3 2 2 1 1 57 8% 1%Dornier 1 1 - -Eclipse 1 1 - -Embraer 20 4 4 1 14 1 44 6% 1%Gulfstream 96 54 18 9 4 7 10 11 2 8 3 3 225 30% -Hawker 14 1 5 5 10 10 3 7 1 3 1 60 8% -1%Nextant 1 1 - -Sabreliner 1 1 - -Westwind 3 3 - -
Total 297 114 61 48 46 45 44 30 21 17 11 3 3 3 1 744
% of Total 40% 15% 8% 6% 6% 6% 6% 4% 3% 2% 1% - - - -
% Change from 2013 +16% +16% +22% +12% +15% +13% +7% +11% +5% +13% - - - - -
Airbus 24 (3%)
Boeing 30 (4%)
Embraer 44 (6%)
Others 7 (1%)
21 17 113 3 3 1
Sout
h Ko
rea
Taiw
an
Mac
au
Brun
ei
Cam
bodi
a
Papu
a N
ew G
uine
a
Mya
nmar
Dassault 57 (8%)
Hawker 60 (8%)
Cessna 104 (14%)
Gulfstream 225 (30%)
Bombardier 193 (26%)
744
8 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Fleet by Country – Top Markets
Airbus 6 (5%)
Dassault 8 (7%)
Bombardier 35 (31%) Gulfstream 54 (47%)
Cessna 1 (1%)
Embraer 4 (4%)
Boeing 5 (4%)
Hawker 1 (1%)
Hong Kong
Cessna 37 (12%)
Bombardier 80 (27%)
Gulfstream 96 (32%)
Boeing 7 (2%)
Airbus 11 (4%)
Hawker 14 (5%)
Embraer 20 (7%)
Dassault 32 (11%)
China
Airbus 2 (12%) Embraer 1 (6%)
Hawker 3 (17%)
Bombardier 3 (17%)
Gulfstream 8 (48%)
TaiwanMacau
Dassault 1 (9%)
Airbus 1 (9%)
Gulfstream 3 (27%)
Hawker 1 (9%)
Bombardier 5 (46%)
297 114
11 17
9ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Westwind 3 (7%)
Dornier 1 (2%)
Dassault 3 (7%)
Bombardier 11 (24%)
Philippines
Embraer 4 (6%)
Hawker 5 (8%) Gulfstream 18 (29%)
Bombardier 25 (41%)
Dassault 1 (2%)
Sabreliner 1 (2%)
Nextant 1 (2%)
Cessna 3 (5%)Boeing 3 (5%)
Singapore
Gulfstream 9 (19%)
Cessna 8 (17%)
Dassault 5 (10%)
Hawker 5 (10%)
Cessna 10 (22%)
Boeing 3 (6%)
Hawker 10 (22%)
Bombardier 15 (32%)
Airbus 1 (2%)
Embraer 1 (2%)Eclipse 1 (2%)
Malaysia
Boeing 2 (4%) Dassault 2 (4%) Gulfstream 7 (16%)
Embraer 14 (30%)
Hawker 10 (22%)Bombardier 10 (22%)
Gulfstream 4 (9%)
Cessna 4 (9%)
Indonesia
61
46 45
48
10 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Cessna 23 (52%)
Gulfstream 10 (23%)
Boeing 1 (2%)
Airbus 1 (2%)
Dassault 2 (5%)
Hawker 3 (7%)
Bombardier 4 (9%)
Japan
Hawker 1 (5%)
Bombardier 3 (14%) Boeing 6 (29%)
Cessna 8 (38%)
Airbus 1 (5%)
Gulfstream 2 (9%)
South Korea
Bombardier 1 (3%)Dassault 2 (7%)
Boeing 1 (3%)
Hawker 7 (23%)
Cessna 8 (27%)
Gulfstream 11 (37%)
Thailand
44 30
21
12 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TotalChange
from 2013A319ER 4 4
A340--200 1 1
ACJ318 3 1 2 7
ACJ319 4 3 1 1 1 1 10 +1ACJ320 1 1 +1ACJ330 1 1 +1Total 11 6 2 1 1 1 1 1 24
Change from 2013 +1 +1 +1 +3
Fleet by Major OEM – Asia Pacific
Japan 1 (4%)Brunei 1 (4%)
Macau 1 (4%)
Malaysia 1 (4%)
South Korea 1 (4%)
Taiwan 2 (9%)
Hong Kong 6 (25%)
China 11 (46%)
11
6
21 1 1 1 1
Chin
a
Hon
g Ko
ng
Taiw
an
Sout
h Ko
rea
Mal
aysi
a
Mac
au
Brun
ei
Japa
n
Airbus
24
13ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TotalChange
from 2013727-100 1 1 2
737-200 1 1
737-400 1 1
747-400 1 1
767-200ER 1 1
BBJ 6 6 4 2 1 1 20 +3
BBJ2 1 1 1 1 4 +4
Total 7 6 5 3 3 2 2 1 1 30
Change from 2013 +3 +2 +1 +1 +7
Boeing
Thailand 1 (3%) Japan 1 (3%)
China 7 (23%)
South Korea 6 (20%)
Hong Kong 5 (17%)
Singapore 3 (10%)
Malaysia 3 (10%)
Brunei 2 (7%)
Indonesia 2 (7%)
7
65
3 32 2
1 1
Chin
a
Souh
t Kor
ea
Hon
g Ko
ng
Sing
apor
e
Mal
aysi
a
Brun
ei
Indo
nesi
a
Thai
land
Japa
n
30
14 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TotalChange
from 2013Challenger 300 8 2 1 1 12
Challenger 601 1 3 1 5 -1Challenger 604 2 2 2 6
Challenger 605 11 9 7 2 1 1 2 1 34
Challenger 800 1 1 +1Challenger 850 12 4 1 1 18 +1
Challenger 870 11 11 +6CRJ200 VIP 7 1 1 9
Global 5000 6 10 4 2 1 1 24 +4Global 6000 7 5 3 1 1 1 18 +10Global Express 3 2 1 1 2 9 -1Global Express XRS 5 2 2 1 1 2 1 14 +1Learjet 24 2 1 3
Learjet 31A 2 2 1 5
Learjet 35/A/36A 5 3 3 1 12 +1Learjet 40 1 1
Learjet 45/XR 1 1 2
Learjet 60/XR 3 1 3 2 9
Total 80 35 25 15 11 10 5 4 3 3 1 1 193
Change from 2013 +10 +3 +5 +1 +3 -1 +1 +22
Bombardier
Taiwan 3 (2%)
Japan 4 (2%)
Macau 5 (3%)
Indonesia 10 (5%)
Philippines 11 (6%)
Malaysia 15 (8%)
Singapore 25 (13%)
Hong Kong 35 (18%)
China 80 (41%)
South Korea 3 (2%) Thailand 1
Myanmar 1
35
80
25 15 11 10 5 4 3 3 1 1
Chin
a
Hon
g Ko
ng
Sing
apor
e
Mal
aysi
a
Phili
ppin
es
Indo
nesi
a
Mac
au
Japa
n
Taiw
an
Sout
h Ko
rea
Thai
land
Mya
nmar
193
15ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TotalChange
from 2013 Citation Bravo 2 3 5
Citation CJ1/+ 13 3 1 3 20
Citation CJ2/+ 7 7
Citation CJ3 1 1 2 -1
Citation CJ4 2 2 +1Citation Encore 2 1 3
Citation Excel 3 3
Citation I/SP/II 2 1 1 1 5
Citation Mustang 3 3 1 2 9 +2Citation S/II 2 2
Citation Sovereign/+ 4 3 2 4 1 1 15 +2Citation Ultra 1 4 1 6
Citation V 3 3
Citation VI/VII 1 1 1 3 -1Citation X/+ 1 2 1 4 +1Citation XLS/+ 8 3 3 1 15 +4Total 37 23 10 8 8 8 4 3 2 1 104
Change from 2013 +4 +4 +1 -1 +8
CessnaSingapore 3 (3%)
Thailand 8 (8%)
Malaysia 8 (8%)
South Korea 8 (8%)
Japan 23 (22%)
China 37 (35%)
Hong Kong 1 (1%)
Papua New Guinea 2 (2%)
Indonesia 4 (4%)
37
23
10 8 8 84 3 2 1
Chin
a
Japa
n
Phili
ppin
es
Souh
t Kor
ea
Thai
land
Mal
aysi
a
Indo
nesi
a
Sing
apor
e
Papu
a N
ew G
uine
a
Hon
g Ko
ng
Philippines 10 (9%)
104
16 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Total Change from 2013
Falcon 10 1 1
Falcon 2000LX 1 2 1 2 1 7
Falcon 2000LXS 1 1 +1Falcon 2000S 1 1 +1Falcon 20D 1 1
Falcon 20F-5 1 1
Falcon 50 1 1 +1Falcon 7X 26 4 1 31 +8
Falcon 900 1 1 2 4
Falcon 900DX 1 1
Falcon 900EX 1 1 2
Falcon 900LX 3 3 6 +2Total 32 8 5 3 2 2 2 1 1 1 57
Change from 2013 +8 +3 +2 +1 +13*
Dassault
Singapore 1 (2%)Macau 1 (2%)
Thailand 2 (3%)
Japan 2 (3%)
Indonesia 2 (3%)
Philippines 3 (5%)
Malaysia 5 (10%)
Hong Kong 8 (14%)
China 32 (56%)
Papua New Guinea 1 (2%)
32
85 3 22 2 1 1 1
Chin
a
Hon
g Ko
ng
Mal
aysi
a
Phili
ppin
es
Thai
land
Indo
nesi
a
Japa
n
Mac
au
Sing
apor
e
Papu
a N
ew G
uine
a
57
* includes one aircraft lost in Taiwan
17ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Embraer
Malaysia 1 (2%) Taiwan 1 (2%)
China 20 (46%)
Hong Kong 4 (9%)
Singapore 4 (9%)
Indonesia 14 (32%)
20
14
Total Change from 2013
Legacy 600 1 7 2 1 1 1 13 +1Legacy 650 13 2 1 1 17 +5Legacy Shuttle 1 1
Lineage 1000 4 1 1 6 +2Lineage 1000E 1 1 2 +2Phenom 100 1 1
Phenom 300 1 3 4
Total 20 14 4 4 1 1 44
Change from 2013 +9 +1 +1 +10*
4 4
1 1
Chin
a
Indo
nesi
a
Sing
apor
e
Hon
g Ko
ng
Mal
aysi
a
Taiw
an
44
* includes one aircraft lost in Macau
18 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Gulfstream
Philippines 7 (3%)
Cambodia 3 (1%)
Indonesia 4 (2%)
Taiwan 8 (4%)
Malaysia 9 (4%)
Thailand 11 (5%)
Japan 10 (4%)
Singapore 18 (8%)
Hong Kong 54 (24%)
China 96 (43%)
Macau 3 (1%)
South Korea 2 (1%)
TotalChange
from 2013G100 2 2
G150 1 1 2
G200 11 6 2 4 1 2 1 1 1 29 +1G280 4 4 +4G300 1 1
G450 35 15 5 3 1 2 1 1 1 64 +9G500 1 1
G550 39 28 5 3 3 1 1 1 2 2 85 +10G650 3 2 5 10 +6G-II 1 1 2
G-III 1 1 2
G-IV 3 1 1 1 6
G-IV-SP 1 1 1 2 2 1 8 +1G-V 3 1 1 2 2 9
Total 96 54 18 11 10 9 8 7 4 3 3 2 225
Change from 2013 +8 +8 +2 +3 +3 +1 +1 +3 +2 +31
Mac
au
96
54
1811 10 9 8 7 4 3 3 2
Chin
a
Hon
g Ko
ng
Sing
apor
e
Thai
land
Japa
n
Mal
aysi
a
Taiw
an
Phili
ppin
es
Indo
nesi
a
Cam
bodi
a
Sout
h Ko
rea
225
19ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
South Korea 1 (2%)Macau 1 (2%)
Taiwan 3 (5%)
Hong Kong 1 (2%)
Japan 3 (5%)
Singapore 5 (8%)
Malaysia 5 (8%)
Thailand 7 (11%)
Philippines 10 (17%)
Indonesia 10 (17%)
China 14 (23%)
TotalChange
from 2013
HS 125-1A 1 1
Hawker 400/A/XP 1 2 2 2 1 2 3 13 +3Hawker 700A/B 5 1 6
Hawker 750 1 1
Hawker 800A/B/XP 7 1 3 2 2 1 1 17 +2
Hawker 850XP 2 2 4
Hawker 900XP 3 5 1 9 -1
Hawker 1000A 2 2
Hawker 4000 1 1 1 3 -3Premier I/IA 2 1 1 4
Total 14 10 10 7 5 5 3 3 1 1 1 60
Change from 2013 -1 +1 +1 +1 -1 +1
Hawker
Mac
au1
Hon
g Ko
ng
1
Taiw
an
3
Japa
n
3
Mal
aysi
a
5
Sing
apor
e
5
Sout
h Ko
rea
1
Thai
land
7
Phili
ppin
es
10
Indo
nesi
a
10
Chin
a
14
60
20 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 201420
In 1967, an American youngster with a secondary school education, a blank CV, and lean financial resources walked into a lawyer’s office in Bangkok. He handed over the equivalent of US$1,000 and signed the necessary papers to incorporate two companies, Inter-Asian Enterprise and Inter-Asian Publicity. While the names sounded impressive, their assets were meager. After spending the bulk of the US$1,200 he had borrowed from a moneylender on the company registrations, what little remained was spent on plastic buckets and floor mops for his new cleaning business along with a few minutes of air time on a local radio station. There was nothing too glamorous about cleaning offices and writing simple advertisements for local businesses, but it was a start. Bill Heinecke had taken his first faltering step into the world of commerce and entrepreneurship.
PERSONALITY PROFILE
William E. HeineckeChairman & CEO, Minor Group of Companies
“You’ve got to have the passion.”
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Interview and Text by Anthony Lam
21ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 21
As Bill Heinecke himself and Jonathan Marsh have said in The Entrepreneur, “Thirty-five years later, that teenager has turned 53 and sits on top of a expansive business empire. He has become the most successful foreign businessman in Thailand and perhaps one of the smartest expatriate entrepreneurs in the whole of Southeast Asia. Heinecke has persuaded the spice-loving Thais to eat pizza; he has built luxury hotels and shopping malls where others feared to tread; he has spotted trends and opportunities where competitors saw only red ink and dead ends. Scattered over the country is a chain of more than a hundred pizza restaurants, two ice cream franchises, steak, restaurants, and a host of manufacturing and licensing operations that include the world’s largest golf glove factory, Esprit fashion, Sheaffer pens, cosmetics, and a company that provides catering to offshore oil rigs. He is chief executive and major shareholder of three publicly listed companies - The Minor Food Group, Royal Garden Resorts, and the Minor Corporation - that employ more than 12,000 people. Forbes has named it one of the best 300 small companies in the world - and for a time it was the only Thai company to be nominated.” William E. Heinecke with Jonathan Marsh (1-2).
These days the mop and bucket business have disappeared. As a passionate aviator, Heinecke flies himself around Thailand in his Piper Malibu. Being no stranger to aviation or private aircraft, Heinecke has owned and piloted a Grumman Lynx, Mooney, Bonanza, and a Piper Mirage, among others. “Flying really came from an extension of my businesses,” said Heinecke. “At the time, to travel to and from the location of my business required 8 hours of driving time - it was either that, or a 35-minute flight, so I had a big incentive to learn how to fly,” Heinecke continued. Over the years, Heinecke pursued flying and upgraded his fleet of aircraft as his mission requirements and experience grew. Minor Aviation was then founded, becoming the Mjets we know today.
As an entrepreneur with an adventurous spirit, when Heinecke wasn’t busy closing the next multi-million dollar deal, he could be found diving, racing vintage cars, skiing, and free falling out of an aircraft. “I did a little bit of everything. I flew from London to Bangkok in my Bonanza, and then in my Piper Malibu I flew from Florida to Bangkok. Today, our fleet of jets consist of the Bravo for EMS operations, CJ-3 for short haul flights, Citation X, and a Gulfstream V, all owned by MJets,” recounted Heinecke. Beyond that, Heinecke’s other businesses own and operate six aircraft in the Maldives, many of them Dehavilland Twin Otters, as well as numerous Cessna Caravans in Africa for their hotels. “Aviation is an important part of all of our businesses, it is in fact a critical aspect. There is no doubt that the fastest growing businesses use business aircraft, and that is no coincidence,” said Heinecke.
Many have correlated Heinecke’s success for business to his passion for adventure, and more specifically risk taking. “I may have an adventurous spirit, but I don’t think I’m necessarily a risk taker,” explained Heinecke. Heinecke feels that training well, preparing well, and never going into something that may endanger oneself are the ingredients to success. “The key is preparation - the more prepared you are, the more luck will be on your side,” Heinecke continued. “Always invest in the best aircraft you can afford, and don’t skip on maintenance,” said Heinecke, who had learned of this lesson after an unfortunate incident where the cause was attributed to maintenance. “Above all, plan your journey carefully, remain cool and calm at all times. Keeping a cool head and reacting well to crisis situations comes from training. The more prepared you are and the harder you work, the luckier you’ll get,” reflected Heinecke, who continued, “In the end you’ve got to have the passion - because when you do, nothing can stop you.”
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
22 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TOP 20 OPERATOR FLEETS BY OEM – ASIA PACIFIC51% of total Asia Pacific fleet
The Top-20 operators in Asia Pacific fly 51% of the total business jet fleet in the region. Deer Jet, TAG Aviation, Business Aviation Asia, Metrojet and Jet Aviation remain the top five jet operators in the region while many Chinese and Hong Kong operators follow, making Greater China count 16 out of the top 20 Asia Pacific operators. In 2014, it was observed that Non-China based operators were able to grow their aircraft fleet while China-based operators had very little if any growth in the number of aircraft they managed.
70
49
45
35
30
Dee
r Jet
TAG
Avi
atio
n
BAA
Met
roje
t
Jet A
viat
ion
16
Chin
a Ea
ster
n
14
Min
shen
g In
t’l Je
t
13
Chin
a Un
ited
12
Hon
gKon
g Je
t
12 L
ily Je
t
Total
Airbus 4 1 2 1 1 3 3 2 17
Boeing 3 1 1 1 1 1 1 1 1 11
Bombardier 1 30 13 6 6 2 10 2 11 4 3 1 2 2 7 100
Cessna 1 1 10 9 6 27
Dassault 6 7 11 2 2 1 3 1 33
Embraer 3 1 3 5 8 1 6 27
Gulfstream 47 8 17 24 21 7 4 4 1 1 5 3 1 1 5 4 153
Hawker 9 1 4 14
Total 70 49 45 35 30 16 14 13 12 12 11 10 9 9 9 8 8 8 7 7 382
23ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
11
CAAC
Insp
ectio
n
10 9
Sino
Jet
Total
Airbus 4 1 2 1 1 3 3 2 17
Boeing 3 1 1 1 1 1 1 1 1 11
Bombardier 1 30 13 6 6 2 10 2 11 4 3 1 2 2 7 100
Cessna 1 1 10 9 6 27
Dassault 6 7 11 2 2 1 3 1 33
Embraer 3 1 3 5 8 1 6 27
Gulfstream 47 8 17 24 21 7 4 4 1 1 5 3 1 1 5 4 153
Hawker 9 1 4 14
Total 70 49 45 35 30 16 14 13 12 12 11 10 9 9 9 8 8 8 7 7 382
CAAC
Aca
dem
y
Kore
an A
ir
8 8 8
Prem
iair
Asia
Jet
Nan
shan
Jet
7 799
Beiji
ng A
irlin
es
Chal
leng
er A
ero
Air
Vist
aJet
24 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
China51% of the Total China Fleet
Total
A319ER 1 1
ACJ318 1 1 2
ACJ319 2 1 3
BBJ 3 3
Challenger 300 1 1
Challenger 605 1 4 5
Challenger 850 3 2 5
Citation CJ1/+ 1 1
Falcon 2000S 1 1
Falcon 7X 4 8 5 2 19
Falcon 900LX 1 1 2
Gulfstream G200 7 1 8
Gulfstream G280 2 2
Gulfstream G450 12 5 2 3 1 23
Gulfstream G550 20 5 3 1 29
Gulfstream IV 3 3
Gulfstream IV-SP 1 1
Gulfstream V 3 3
Global 5000 3 3
Global 6000 5 1 6
Global Express 1 1
Global Express XRS 1 1
Hawker 4000 1 1
Hawker 800A/B/XP 4 1 5
Hawker 850XP 2 2
Hawker 900XP 2 2
Learjet 60/XR 1 1 2
Legacy 650 1 5 6 12
Lineage 1000 1 1 2
Lingeage 1000E 1 1
Total 68 35 17 16 14 150
AIRCRAFT MODELS BY REGION – TOP OPERATORS*
* The top 5 operators are shown unless many operators share the same number of aircraft at the 4th and 5th place.
68
35
17 16 14
Deer Jet BAA TAG Aviation China Eastern Minsheng Int’l Jet
25ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Total
A319ER 1 1
ACJ318 1 1 2
ACJ319 2 1 3
BBJ 3 3
Challenger 300 1 1
Challenger 605 1 4 5
Challenger 850 3 2 5
Citation CJ1/+ 1 1
Falcon 2000S 1 1
Falcon 7X 4 8 5 2 19
Falcon 900LX 1 1 2
Gulfstream G200 7 1 8
Gulfstream G280 2 2
Gulfstream G450 12 5 2 3 1 23
Gulfstream G550 20 5 3 1 29
Gulfstream IV 3 3
Gulfstream IV-SP 1 1
Gulfstream V 3 3
Global 5000 3 3
Global 6000 5 1 6
Global Express 1 1
Global Express XRS 1 1
Hawker 4000 1 1
Hawker 800A/B/XP 4 1 5
Hawker 850XP 2 2
Hawker 900XP 2 2
Learjet 60/XR 1 1 2
Legacy 650 1 5 6 12
Lineage 1000 1 1 2
Lingeage 1000E 1 1
Total 68 35 17 16 14 150
Hong Kong75% of the Total Hong Kong Fleet
Total
ACJ318 1 1
ACJ319 1 2 3
BBJ 1 1 2
Challenger 604 2 2
Challenger 605 1 2 1 1 5
Challenger 850 1 1 2
Citation Sovereign/+ 1 1
Falcon 7X 1 1 1 3
Falcon 900EX 1 1
Falcon 900LX 1 1 1 3
Gulfstream G200 2 1 3
Gulfstream G450 4 5 1 1 11
Gulfstream G550 13 7 2 4 26
Gulfstream G650 1 1 1 3
Gulfstream V 1 1
Global 5000 2 1 4 7
Global 6000 3 3
Global Express 1 1 2
Global Express XRS 1 1 2
Legacy 600 1 1
Legacy 650 1 1
Lineage 1000 1 1
Lineage 1000E 1 1
Total 30 19 16 11 9 85
30
19
16
119
Metrojet Jet Aviation TAG Aviation Hongkong Jet BAA
26 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Macau64% of the Total Macau Fleet
Taiwan59% of the Total Taiwan Fleet
Total
Challenger 605 1 1 2
Challenger 850 1 1
CRJ200 VIP 1 1
Global Express 1 1
Gulfstream G550 2 2
Total 3 2 2 7
Total
ACJ318 2 2
Gulfstream G100 2 2
Gulfstream G450 1 1
Gulfstream G550 2 2
Global Express XRS 1 1
Hawker 400/A/XP 1 1
Legacy 600 1 1
Total 3 3 2 2 10
Executive AviationTaiwan
Win Air Jet Aerospace IndustrialDevelopment
EVA Airways
Fortuna Jet Jet Asia TAG Aviation
3
2 2
32 2
3
27ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Singapore46% of the Total Singapore Fleet
Total
BBJ 1 1
Challenger 300 1 1 2
Challenger 605 1 2 1 4
Gulfstream G150 1 1
Gulfstream G450 1 2 3
Gulfstream G550 1 1 2
Global 5000 2 2
Global 6000 1 1 2
Hawker 800A/B/XP 2 2
Learjet 35/A/36A 2 2
Learjet 45/XR 1 1
Learjet 60/XR 1 2 3
Legacy 600 1 1
Legacy 650 1 1
Nextant 400XT 1 1
Total 6 5 4 4 3 3 3 28
6
43
54
3 3
Pacific Flight Services
TAG Aviation
Execujet Precious Jet
Jet Aviation
Asia Pacific Jets
TWC Aviation
28 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Malaysia38% of the Total Malaysia Fleet
Total
Boeing 727-100 1 1
Boeing 737-200 1 1
ACJ319 1 1
Challenger 300 1 1
Citation Bravo 2 2
Citation Sovereign/+ 2 2
Gulfstream G450 1 1
Gulfstream II 1 1
Gulfstream IV 1 1
Global 5000 1 1
Global Express XRS 2 2
Learjet 35/A/36A 2 2
Learjet 60/XR 2 2
Total 4 4 3 3 2 2 18
Gov’t ofMalaysia
TAG Aviation
Aerotree Defense & Services
Smooth Route
Weststar Aviation Services
Berjaya Air
43
2
3
2
4
29ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Philippines49% of the Total Philippines Fleet
Total
Dornier 328JET 1 1
Challenger 300 1 1
Citation I/SP/II 1 1
Citation XLS/+ 1 1 2
CRJ200 VIP 1 1
Falcon 900 1 1
Gulfstream G200 1 1
Gulfstream G450 1 1
Gulfstream G550 1 1
Gulfstream IV-SP 1 1 2
Global 5000 1 1
Hawker 700A/B 1 1 2
Hawker 800A/B/XP 3 3
Learjet 35/A/36A 1 1
Learjet 40 1 1
Learjet 45/XR 1 1
Westwind 1 1 1
Total 9 4 3 3 3 22
43 33
9
Challenger Aero Air
Subic Int’l Air Charter
Royal Star Aviation
Metrojet Lionair
30 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Indonesia59% of the Total Indonesia Fleet
Total
BBJ 1 1
BBJ2 1 1
Challenger 601 2 2
Challenger 604 2 2
Challenger 605 1 1
Citation VI/VII 1 1
Gulfstream G550 1 1
Gulfstream IV-SP 1 1
Hawker 900XP 2 2 4
Learjet 31A 2 2
Legacy 600 2 1 1 1 5
Legacy 650 2 2
Legacy Shuttle 1 1
Lineage 1000 1 1
Phenom 300 1 1
Premier I/IA 1 1
Total 8 3 2 2 2 2 2 2 2 2 27
Premiair Gov’t of Indonesia
Jhonlin Air Transport
Airfast Indonesia
Transpac Transwisata Prima Aviation
Lionair TAG Aviation
EnggangAir Service
FlyJet
32 22 22 22 2
8
31ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Japan41% of the Total Japan Fleet
Total
ACJ318 1 1
BBJ 1 1
Citation V 3 3
Falcon 900 2 2
Gulfstream G650 2 2 4
Gulfstream IV 1 1
Gulfstream IV-SP 1 1
Gulfstream V 2 2
Global 6000 1 1
Global Express 2 2
Total 4 4 4 3 3 18
Asia Jet Gov’t of Japan - Coast Guard
Ministry of Land & Traportation
Nakanihon Air Service
Jet Aviation
4 433
4
32 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Thailand57% of the Total Thailand Fleet
South Korea81% of the Total South Korea Fleet
Total
Citation Bravo 1 1 2
Citation CJ3 1 1
Citation VI/VII 1 1
Citation X 1 1
Falcon 2000LX 1 1
Gulfstream G200 2 2 4
Gulfstream V 1 1
Global Express XRS 1 1
Hawker 400/A/XP 2 2
Hawker 800A/B/XP 1 1
Hawker 850XP 1 1 2
Total 6 4 3 2 2 17
Total
ACJ319 1 1
BBJ 1 2 2 5
Challenger 601 1 1
Citation CJ1/+ 2 2
Citation Ultra 4 4
Gulfstream G550 1 1
Global Express XRS 1 1 2
Hawker 750 1 1
Total 8 3 2 2 2 17
Mjets
Korean Air
AC Aviation
Siam LandFlying
SamsungTechwin
Flight Inspection
Center
SK Telecom Hyundai Motor
Advance Aviation
Thai Flying Service
4
3
2
2
2
2
6
8
3
2
34 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Iris RiesenManaging Director, Jet Aviation Hong Kong
In addition to aircraft management and charter, internationally renowned operator Jet Aviation, a wholly-owned subsidiary of General Dynamics, serves the business aviation industry with core services including maintenance and engineering, completions and refurbishment, FBO and staffing. Headquartered in Switzerland since 1967, Jet Aviation Business Jets Limited today is based out of the Hong Kong International Airport and led by its Managing Director Iris Riesen.
“We have been providing business aviation services to aircraft owners and operators for nearly half a century,” said Riesen. “In this time, we not only developed comprehensive business aviation service capabilities, we established a global network of facilities and earned a reputation for excellence. Jet Aviation takes pride in exceeding customer expectations, and our good standing in the aviation industry is based on the quality, transparency, commitment and dedication of each member of our global team of professionals. This is the highest value we offer and is what differentiates us from our competitors,” said Riesen.
Jet Aviation Business Jets Limited first entered the Asian market in 1995 with the opening of their maintenance, refurbishment, and FBO facility in Singapore. In Hong Kong, their aircraft management and charter operation was launched in September 2001 as a division of Jet Aviation Business Jets, and they have been promoting and maintaining relationships with owners, partners, and authorities ever since. Available services include the full range of aircraft management, operations, and flight support services, as well as charter services all provided on a 24/7 basis by a team of multilingual specialists.
34 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Text and photo by Anthony Lam
35ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
On September 9, 2008 the company received its maintenance repair station approval from the Hong Kong Civil Aviation Department (CAD). The company offers line maintenance, inspections, and defect rectifications, as well as AOG support, and has access to a 9,200 square meter (99,027 square feet) hangar. In addition to Hong Kong CAD maintenance repair station approval, the company holds an FAA repair station certificate, and mainland China JMM approval for PRC-registered aircraft. In addition, it services aircraft registered in 11 other countries through Jet Aviation’s maintenance approvals in Singapore, which include EASA, Aruba DCA, Australian CASA, Bermuda DCA, Cayman CAA, Indonesia DGAC, Macao MAR-145, Malaysia DCA, Philippines ATO, Singapore CAAS, and Thailand DOA.
“With more than 20 airport facilities throughout Europe, the Middle East, Asia, and North and South America, our scope and scale of service offerings offers major benefits that are difficult to match. We have experience and know-how that is well-respected in the market and shaped around the highest industry standards. While I don’t want to underestimate the learning curve we faced when we first started operating in Asia, we did bring a lot of valuable experience with us. For example, we manage a fleet of more than 250 aircraft worldwide and all members of the Hong Kong dispatch team have been trained in cooperation with the company’s headquarters in Zurich,” said Riesen.
“Our global network of maintenance, FBO and aircraft management and charter facilities represent a major benefit to international travelers in terms of service, but our aircraft management and flight support customers also benefit in terms of the bottom line through our global buying power we negotiate substantial reductions in fuel and insurance costs, etc., which we pass on to our customers to ensure comprehensive services - at great value,” continued Riesen.
When it comes to safety, as a leading business aviation services provider, Jet Aviation Business Jets Limited’s highest priority is to uphold, promote, and improve Safety standards in every aspect of operations. “This means working with each other, our customers and the industry to ensure Safety is as prominent in our goals as quality, integrity, continuous improvement and profit generation. We make Safety an integral part of our corporate culture that is continually reflected in all of our daily activities. For us, Safety is everyone’s responsibility. From our leadership, operations, maintenance and engineering teams to everyone in or administration, security and housekeeping teams, we have adopted a Safety first approach to make certain that Safety guides our actions as a matter of habit. Our goal is Zero Safety Incidents,” Riesen explained.
In 2014, Jet Aviation Houston and Jet Aviation Basel both earned ISO 14001 and OHSAS 18001 certifications in recognition of their commitment to protecting health and safety, as well as the environment. It is just a question of time before more of their facilities follow suit.
When asked about the challenges of operating in Asia and China, as well as examples of lessons learned, Riesen explained that “China was and still is to some extent a new market for corporate aviation. The current lack of infrastructure to support the needs of the business jets community presents some challenges, as well as the restrictions in permits and approvals.” Whilst a lot has changed in recent years to better accommodate business aviation in Asia and China, there is not the same freedom of operation like in some of the older markets of our businesses. Jet Aviation Business Jets Limited have learned that patience is a virtue and that only with polite persistence will yield results where solutions are achieved. “What we can say for certain is that it is very interesting and exciting area to be in and that we are fully committed to Asia and its customers here for the long term. To succeed here in the long term, we believe in thinking globally, but acting locally,” Riesen reflected.
3535ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
36 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
TotalMarket Share
Change Corp. Airliner 23 13 3 4 3 1 2 1 7 2 1 3 63
Long Range 89 55 15 6 3 3 10 8 4 4 3 1 201
Large 106 37 18 14 20 8 5 2 1 4 6 1 1 1 224
Medium 40 9 13 15 7 14 4 10 1 4 1 1 119 +2%Light 20 9 7 9 14 7 4 5 2 1 78 -2%Very Light 19 3 2 4 5 16 5 3 1 1 59
Total 297 114 61 48 46 45 44 30 21 17 11 3 3 3 1 744
% Change from 2013 +16% +16% +22% +12% +15% +13% +7% +11% +5% +13% - - - - -
297
114
6148 46 45 44
30
2117
113 3 3 1
Chin
a
Hon
g Ko
ng
Sing
apor
e
Mal
aysi
a
Indo
enes
ia
Phili
ppin
es
Japa
n
Thai
land
Sout
h Ko
rea
Taiw
an
Mac
au
Burn
ei
Cam
bodi
a
Papu
a N
ew G
uine
a
Mya
nmar
Corp. Airliner 63 (8%)
Large 224 (30%)
Light 78 (11%)
Very Light 59 (8%)
Medium 119 (16%)
Long Range 201 (27%)
FLEET BY SIZE CATEGORY – ASIA PACIFIC
744
Nearly 60% of the Asia Pacific business jet fleet consists of Large or Long-Range category aircraft largely positioned in China, Hong Kong and Singapore. Aircraft size preference in Thailand, Malaysia, and Indonesia also include the medium size category aircraft, while the Philippines tends more towards medium and light aircraft categories.
37ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Corporate Airliner
Boeing 727-100Boeing 737-200Boeing 737-400Boeing 747-400Boeing 767-200ERAirbus 319ERAirbus 340-200ACJ318ACJ319ACJ320ACJ330BBJBBJ2Lineage 1000/EDornier 328JET
Long Range
Gulfstream G500Gulfstream G550Gulfstream G650Gulfstream VGlobal 5000Global 6000Global ExpressGlobal Express XRSFalcon 7X
Large
Challenger 601Challenger 604Challenger 605Challenger 800Challenger 850Challenger 870CRJ200 VIPGulfstream G280Gulfstream G300Gulfstream G450Gulfstream IIGulfstream IIIGulfstream IVGulfstream IV-SPLegacy 600Legacy 650Legacy ShuttleFalcon 900Falcon 2000LX/S/LXSFalcon 900DX/EX/LX
Medium
Challenger 300Citation X/+Citation Sovereign/+Gulfstream G100Gulfstream G150Gulfstream G200Falcon 50Falcon 20DFalcon 20FLearjet 60/XRHS 125-1AHawker 700A/BHawker 750Hawker 800A/B/XPHawker 850XPHawker 900XPHawker 1000AHawker 4000
Light
Citation BravoCitation CJ3Citation CJ4Citation EncoreCitation ExcelCitation S/IICitation UltraCitation VCitation VI/VIICitation XLS/+Learjet 31ALearjet 35/A/36ALearjet 40Learjet 45/XRPhenom 300Falcon 10Westwind 1/2Sabreliner 65Hawker 400/A/XPNextant 400XT
Very Light
Citation CJ2/+Citation CJ1/+Citation I/SP/IICitation MustangEclipse500Phenom 100Learjet 24Hawker 400/A/XPPremier I/IA
Size Category Description
38 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FLEET REGISTRATIONS – ASIA PACIFIC
8 (18%)36 (82%)
20 (95%)
1 (1%) 2 (1%)
247 (83%)
34 (74%)
1 (100%)
24 (80%)
1 (2%)
3 (100%)
1 (2%)
30 (65%)
1 (2%)
2 (4%)
1 (5%)
43 (37%) 22 (19%)
1 (9%)
5 (4%)
6 (35%) 10 (59%)
6 (55%)
30 (10%)
10 (22%)
2 (67%)
5 (17%)
28 (58%)
12 (26%)
31 (51%)
24%% of Fleet 3% 4% 5%5% 1% 34% 3% 4%
Japan
South Korea
Hong Kong
Macau
Taiwan
China
Myanmar
Philippines
Cambodia
Thailand
Brunei
Malaysia
Papua New Guinea
Indonesia
Singapore
USA
(N)
Japa
n (J
A-)
Sout
h Ko
rea
(HL)
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 (P
R-C)
Thai
land
(HS-
)
Mya
nmar
(XY-
,XZ-
)
Papu
a N
ew G
uine
a (P
2)
Indo
nesi
a (P
F-)
Airc
raft
Base
39ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
12 (25%)
3 (100%)
1 (2%) 2 (4%)
1 (3%)
1 (33%)
1 (2%)1 (2%)
6 (2%)
1 (6%)
2 (18%)1 (9%)
11 (10%) 26 (23%)2 (2%) 2 (2%) 1 (1%) 1 (1%) 1 (1%)
1 (9%)
9 (3%) 1 1
2 (3%) 9 (15%)1 (2%)
1 (2%) 1 (2%)
1 (2%) 1 (2%)
2 (4%)
2 (3%) 7 (11%) 3 (5%) 4 (7%)
2% 3% 5% 3% 1% 1%
Japan
South Korea
Hong Kong
Macau
Taiwan
China
Myanmar
Philippines
Cambodia
Thailand
Brunei
Malaysia
Papua New Guinea
Indonesia
Singapore
Mal
aysi
a (9
M)
Brun
ei (V
8)
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-)
Finl
and
(OH
-)
San
Mar
ino
(T7)
Mal
ta (9
H)
Luxe
mbo
urg
(LX-
)
New
Zea
land
(ZK)
Aust
ralia
(VH
-)
Aircraft Base
% of Fleet
40 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Popular Aviation Registrations – Asia PacificCharacteristics 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.
AUSTRIA
BERMUDA
CAYMAN ISLANDS
CHINA
HONG KONG
INDONESIA
JAPAN
ISLE OF MAN
KOREA
MALTA
MALAYSIA
PHILIPPINES
TAIWAN
THAILAND
USA
Medium
Average
Average
Average
Expensive
Average
Average
Expensive
Medium
Average
Average
Average
Average
Average
Average
Short
Reasonable
Reasonable
Very Long
Very Long
Long
Reasonable
Long
Medium
Reasonable
Reasonable
Reasonable
Reasonable
Medium
Short
None
None
None
Very High
None
High
None
Medium
None
None
High
High
None
Medium
None
Good
Good
Good
Mostly Local
Good
Restricted
Good
Good
Reasonable
Good
Mostly Local
Restricted
Good
Mostly Local
Good
Good
Good
Good
Medium
Good
Low
Good
Good
Good
Good
Good
Low
Reasonable
Reasonable
Good
Short
Short
Short
Very Long
Long
Reasonable
Short
Long
Reasonable
Short
Medium
Medium
Long
Reasonable
Short
Medium
Easy
Easy
Difficult
Medium
Medium
Reasonable
Difficult
Medium
Reasonable
Medium
Difficult
Medium
Reasonable
Easy
Medium
Reasonable
Reasonable
Medium
Medium
Low
Reasonable
Medium
Medium
Medium
Medium
Reasonable
Medium
Reasonable
Good
Country of
Registration
Cost ofRegistering an Aircraft
Time forRegistration
(Weeks)
EffectiveImportTaxes
Ease of
Financing
Sale ValueAttractivenessInternationally
New AC TypeDelay
(Months)
Crew Licensing& Training
InternationalOperationalFlexibility
41ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FLEET AGE DISTRIBUTION – ASIA PACIFIC744 Total
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
The vast majority (72.8%) of business jets in Asia Pacific were manufacturer in 2005 or later. Only Cessna, Boeing and Hawker have more than 30% of their fleet older than 10 years old in the region (35%, 35% and 63% respectively). The business jet fleet is very young in Greater China with 90% in Hong Kong and 80% in China being 10 years old or less. This then decreases with Korea (76%), Singapore (69%), Indonesia (61%), Thailand (57%), Japan (50%) and the Philippines (48%) illustrating the ages and business jet experiences of various markets.
42 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Age Distribution by OEM
Bombardier193 in total
Cessna104 in total
Airbus24 in total
Boeing30 in total
20
15
10
5
0
20
15
10
5
0
25
20
15
10
5
0
20
15
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
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
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
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
43ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Dassault57 in total
Hawker60 in total
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
Embraer44 in total
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
Gulfstream225 in total
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
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
44 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
China297 in total
Hong Kong114 in total
Age Distribution by 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
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
40
35
30
25
20
15
10
5
0
20
15
10
5
0
45ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Japan – 44 in Total
South Korea – 21 in Total
Thailand – 30 in Total
Philippines – 45 in Total
Indonesia – 46 in Total
Singapore – 61 in Total
10
5
0
10
5
0
10
5
0
10
5
0
10
5
0
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
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
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
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
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
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
46 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
46
Denzil WhiteCOO, Hongkong Jet
As the international business aviation arm of the conglomerate HNA Group which holds 17 AOC’s and over 400 jet aircraft, Hongkong Jet provides aircraft management, charter, maintenance, and advisory to a wide range of business jet owners and clients in the region. Co-led by the recently-joined industry veteran and COO Denzil White, the company today is a key player in the market that is constantly on the rise.
“Hongkong Jet has many strengths. With our Chinese parents from the mainland and ourselves born in Hong Kong, the edge gives us a more international flavor when looking at the APAC region, allowing us more flexibility in terms of business law and the operating environment,” said White. With their services in aircraft management, charter, maintenance, and consulting, Hongkong Jet is also embarking readily on aircraft sales as well. “We have 18 aviation companies under the parent company and with businesses that span multiple businesses such as shipping and hotels, in additional to aviation. With this setup, we are able to leverage our operations with the economies of scale, helping with insurance rates and fuel pricing, among others. This is what gives us the competitive advantage,” White remarked.
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
47ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
While most players in the industry come into Hong Kong to try to penetrate into the Chinese market, Hongkong Jet has a unique position in that they were from China since the beginning. For this reason, Hongkong Jet can focus externally to diversify its client pool and businesses. “Expansions are good, but it all starts at the core values,” explained White, who continued, “The HNA group has sewn on very solid core values since its inception, and they have been transmitted to Hongkong Jet as part of the DNA of the group, and therefore becomes a part of the company’s lifestyle. Take safety, for example. It is a way of life. A lot of companies say they commit to safety, but they don’t walk the talk. How do you get people to look at the safety model day in and day out? Safety needs to start at the top of the organization, so that management leads the directors and the directors lead the rest of the team. ” Today, Hongkong Jet has its ISBAO-2, and is well on its way toward ISBAO-3. Their team of five in corporate safety, quality, and security work around the clock to ensure the highest standards are met. “No matter how small the incident - it gets reported, and everyone gets to see and hear about it. ” When asked about a non-punitive culture, White felt that it “takes time for employees to trust and believe that when something happens, they don’t get punished, instead the goal is to find solutions. ” More importantly, White stressed that it does not help when a company has a safety expert providing safety - only to have the company’s senior management not cooperating for financial reasons, effectively undermining crucial safety initiatives. “Hongkong Jet is very fortunately that its management is completely on board. We will enhance and continue to grow with a safety culture,” said White, who continued “As the industry has learned, loss of safety is not just a loss of life - it is a loss of reputation, it is a loss of finances. It’s the foundation to any business in aviation. “
Beyond safety, lies trust. According to White, the business aviation industry is an emotional one, at a certain level. “You have an individual or company that wants to buy an airplane, and in the end you have a choice of five airplanes that meet your mission requirements and do their jobs equally well. Typically, at the end of the day, it is an emotional decision which one you choose. If you have the ability to develop the relationship with the right people, and if they trust you, then you get the business,” said White, who believed that there are “four elements to trust - reliability, openness, congruence, acceptance. If any one of those elements are not there, trust vanishes. “
According to White, the China market is growing very rapidly in terms of the number of business jets, with a compound growth of roughly 35% percent annually. Though with that growth, unfortunately, the infrastructure is not growing in parallel. All the regulations that may be unnecessary, combined with far too many hindrances for owning a business jet such as the inflexibility of short notice flights or getting the approvals in China, may defeat or undermine the purpose of traveling via a business jet.
“Day by day, the infrastructure development is far too slow to keep up with the growth of the industry. Take the pilots for example - the industry here has had to hire foreign pilots for most flight crew positions. Local pilots are available but many of them are tied up with contracts with the airlines,” noted White, who felt that the other major issue the industry faces is fuel pricing - where currently, Hong Kong has by far the most expensive fuel in the region. “If you’re a business jet, you’re paying about 50% higher than what the airlines pay for the same fuel, and there is no reason for that,” said White, who pointed out that if the market has 100 business jets parked at the HKBAC, that is bigger than what most airlines have. Sadly, White noted that this may never change unless there is some competition brought on to the business aviation terminal in Hong Kong.
As the international business aviation arm of HNA, Hongkong Jet has recently expanded its operations by acquiring a share of Hawker Pacific, growing its business to FBO operations and services, and effectively becoming a “cousin” of the Asian Sky Group, whose parent company SEACOR Holdings own approximately 33% of Hawker Pacific’s common equity. With a bright spot on the horizon, Hongkong Jet is poised to soar progressively higher in this rapidly growing region.
4747ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
48 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FLEET ADDITIONS – ASIA PACIFIC
New Deliveries
Deductions
Pre-owned Deliveries
Boeing 4 (5%) Sabreliner 1 (2%)Embraer 2 (5%)
Boeing 7 (7%)
Gulfstream 30 (35%)
Gulfstream 31 (32%)
Sabreliner 1 (1%)
Airbus 3 (3%) Eclipse 1 (2%)
Hawker 1 (1%)
Airbus 3 (3%)
Eclipse 1 (1%)
Cessna 9 (10%)
Embrer 8 (9%)
Dassault 10 (12%)
Bombardier 23 (26%)
Net Additions - 2014
Bombardier 22 (23%)
Dassault 13 (14%)
Embraer 10 (10%)
Cessna 8 (8%)
Gulfstream 12 (38%)
Dassault 3 (9%)
Cessna 3 (9%)
Bombardier 10 (31%)
Hawker 4 (13%)
Gulfstream 13 (31%)
Bombardier 9 (22%)
Cessna 2 (5%)
Boeing 3 (7%)
Hawker 5 (12%)
Dassault 6 (14%)
+97
+87 +42
-32
49ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Net Additions Per Model – New vs Pre-owned97 in total
Global 6000
Gulfstream G550
Gulfstream G450
Falcon 7X
Legacy 600/650
Gulfstream G650
Challenger 870
Lineage 1000/E
Global 5000
Gulfstream G280
Citation XLS/+
BBJ2
Hawker 400/A/XP
BBJ
Hawker 800A/B/XP
Falcon 900LX
Citation Sovereign/+
Citation Mustang
Challenger 800/850
Sabreliner 65
Learjet 35/A/36A
Global Express XRS
Gulfstream IVSP
Gulfstream G200
Falcon 50
Falcon 2000S
Falcon 2000LXS
Eclipse 500
Citation X+
Citation CJ4
ACJ330
ACJ320
ACJ319
Learjet 60XR
Falcon 2000LX
Challenger 605
Challenger 300
Hawker 900XP
Global Express
Citation VI/VII
Citation CJ3
Challenger 601
Hawker 4000
The most popular business jet models to be added to the Asia Pacific fleet in 2014 were the Gulfstream G550, G450, Bombardier Global 6000 and Dassault Falcon 7X.
Deductions
New Deliveries
Pre-owned
Note: Deductions were only counted for the Greater China Market.
-1
-1
-1
-1
-3
-1
-2
-2
-2
-2
-3
-1
-1
-1
-1
-5-4
10
10
7
5
12 3
1
3
3
3
3
32
2
222
2
24
4
4
4
6
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
1
1
50 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
2014 New Deliveries by Country and Aircraft Model87 in Total
Total
ACJ319 1 1
ACJ320 1 1
ACJ330 1 1
BBJ 1 1
BBJ2 1 1 1 3
Challenger 300 1 1
Challenger 605 2 2
Challenger 870 6 6
Citation CJ4 1 1
Citation Mustang 2 2
Citation Sovereign/+ 2 2
Citation X+ 1 1
Citation XLS/+ 3 3
Falcon 2000LXS 1 1
Falcon 2000S 1 1
Falcon 7X 6 1 7
Falcon 900LX 1 1
Gulfstream G280 4 4
Gulfstream G450 4 3 2 1 10
Gulfstream G550 8 2 1 1 12
Gulfstream G650 2 1 1 4
Global 5000 1 2 1 4
Global 6000 3 4 2 1 10
Legacy 650 5 5
Lineage 1000 1 1
Lineage 1000E 1 1 2
Total 48 18 8 3 3 2 1 1 1 1 1 87
Chin
a
Hon
g Ko
ng
Sing
apor
e
Mal
aysi
a
Indo
nesi
a
Phili
ppin
es
Japa
n
Thai
land
Sout
h Ko
rea
Taiw
an
Mac
au
The large majority of 2014 business jet net additions in Asia Pacific were for aircraft based in China, Hong Kong and Singapore, representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively.
51ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Total
ACJ319 1 1
ACJ320 1 1
ACJ330 1 1
BBJ 1 1
BBJ2 1 1 1 3
Challenger 300 1 1
Challenger 605 2 2
Challenger 870 6 6
Citation CJ4 1 1
Citation Mustang 2 2
Citation Sovereign/+ 2 2
Citation X+ 1 1
Citation XLS/+ 3 3
Falcon 2000LXS 1 1
Falcon 2000S 1 1
Falcon 7X 6 1 7
Falcon 900LX 1 1
Gulfstream G280 4 4
Gulfstream G450 4 3 2 1 10
Gulfstream G550 8 2 1 1 12
Gulfstream G650 2 1 1 4
Global 5000 1 2 1 4
Global 6000 3 4 2 1 10
Legacy 650 5 5
Lineage 1000 1 1
Lineage 1000E 1 1 2
Total 48 18 8 3 3 2 1 1 1 1 1 87
2014 Pre-Owned Deliveries by Country and Aircraft Model42 in Total
Total
BBJ 2 2
BBJ2 1 1
Challenger 601 1 1
Challenger 800 1 1
Challenger 850 1 1
Citation Sovereign/+ 1 1
Citation XLS/+ 1 1
Eclipse 500 1 1
Falcon 2000LX 1 1 2
Falcon 50 1 1
Falcon 7X 2 2
Falcon 900LX 1 1
Gulfstream G200 2 1 1 4
Gulfstream G450 2 1 3
Gulfstream G550 2 1 3
Gulfstream G650 2 2
Gulfstream IV-SP 1 1
Global 5000 1 1
Global 6000 1 1
Global Express 1 1
Global Express XRS 1 1
Hawker 400/A/XP 1 1 1 3
Hawker 800A/B/XP 2 2
Learjet 35/A/36A 1 1
Learjet 60/XR 1 1
Legacy 600 1 1
Lineage 1000 1 1
Sabreliner 65 1 1
Total 14 9 4 3 3 2 2 2 1 1 1 42
Chin
a
Hon
g Ko
ng
Sing
apor
e
Mal
aysi
a
Indo
nesi
a
Phili
ppin
es
Japa
n
Thai
land
Mya
nmar
Taiw
an
Mac
au
52 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
2014 Deductions by Country and Aircraft Model32 in Total
Hong Kong China Macau Taiwan Total
Challenger 300 1 1
Challenger 601 2 2
Challenger 605 1 1 2
Citation CJ3 1 1
Citation Sovereign/+ 1 1
Citation VI/VII 1 1
Falcon 2000LX 2 2
Falcon 7X 1 1
Gulfstream G200 1 2 3
Gulfstream G450 3 1 4
Gulfstream G550 3 1 1 5
Global 5000 1 1
Global 6000 1 1
Global Express 2 2
Hawker 4000 1 2 3
Hawker 900XP 1 1
Learjet 60/XR 1 1
Total 16 10 3 3 32
54 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
GREATER CHINA – MARKET TRENDS
In the context of the Asia Pacific region, not too surprisingly due to the dominance of the China market, the Greater China business jet fleet at the end of 2014 represents the lion’s share of the installed fleet in the Asia-Pacific region with 59% of the aircraft (439 in total). Individually, China represents 40% of the Asia Pacific fleet, followed by Hong Kong with 15%, Taiwan 2% and Macau 1%.
Compared to year-end 2013 however, the Greater China fleet grew only 15.5% in 2014 pulled down by lower fleet growth in China specifically and consequently, the Greater China fleet portion of the total Asia Pacific fleet remained unchanged 2013 to 2014.
From an OEM’s perspective and whether their fortunes will rise or fall in the Asia Pacific region in the near future, different manufacturers have very different dependencies on the Greater China market. Keeping in mind that the Greater China market is very much a large cabin / long range market, it is not too surprising that Hawker and Cessna have just over a third (32% and 37%) of their Asia Pacific fleet based in Greater China versus 83%, 72%, 72% and 64% for Airbus, Dassault, Gulfstream and Bombardier respectively. Of note are Embraer and Boeing (57% and 39%), with Embraer having a large fleet in Indonesia to counter balance Greater China, and Boeing doing very well at placing aircraft throughout the Asia Pacific region.
Year-End 2014 Review
In ASG’s 2013 year-end business jet fleet report, it was expected that the Greater China market would grow at 20% and reach 445 aircraft by the end of 2014. ASG also highlighted a number of market drivers that could end up influencing these numbers.
These market drivers were:
● Austerity measures put in place by the Central Government in Beijing● The introduction of a more clearly defined tax structure for business jets registered in China● Operational and infrastructure issues like parking constraints in Hong Kong
To these we can also now add:
● Spending fears linked to the on-going corruption crackdown by the Central Government● The slowing pace of GDP growth in China
In line with ASG’s predictions, market drivers did exactly as expected and 2014 saw growth in the Greater China market of only 15.5% - a drop of 5% from the growth rate achieved from 2012 to 2013. The net number of aircraft (new deliveries plus pre-owned additions minus deletions from the market) added to Greater China in 2014 was 59 in total versus 64 in 2013 and over 100 in 2012. The Greater China market is very much in decline.
When breaking the 2013 net numbers down even further versus 2014, new aircraft deliveries held up through 2014 (+21%) and even deletions decreased (-17%). The big change was therefore in the pre-owned deliveries. In 2013, pre-owned aircraft represented almost half the additions to the Greater China fleet. In 2014 this number was just 28%. In 2013 there was almost an insatiable, immediate demand for aircraft in Greater China. The only way to meet this requirement was through more pre-owned aircraft sales, with a vast majority of these sales being relatively new, i.e. recently delivered & low time pre-owned aircraft. With the austerity measures and corruption crackdown gaining steam through the course of 2014 however, buyer demand and sentiment declined, directly impacting pre-owned aircraft sales.
GREATER CHINA
55ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Winners and Losers in 2014
If we look at China, Hong Kong, Taiwan and Macau individually, the net business jet fleet growth for 2014 in China and Hong Kong were almost the same: 16.0% versus 16.3%. This represents a considerable change in the growth rate of these 2 key markets. In 2013, China’s fleet grew at 26.7% and Hong Kong at a mere 5.4%. This change in fortunes is directly attributable to the market drivers outlined above.
Examining Greater China’s net growth further, in the dominating large size category and up, there were only two OEMs that added more aircraft in 2014 than in 2013. These were Boeing and Embraer, recognizing though that these OEMs also have amongst the smallest market shares in Greater China. All the other OEMs – Gulfstream, Bombardier, Falcon and Airbus added less aircraft in 2014 than in 2013.
On the important topic of new aircraft deliveries, Gulfstream, Bombardier, Cessna and Boeing all increased their deliveries of new aircraft into Greater China in 2014 (however, see “Forecast for 2015”). All the other manufacturers either saw flat growth or delivered fewer new aircraft than in 2013. The top 4 aircraft models delivered in 2014 were the G550, the G450, Falcon 7X and Global 6000.
For pre-owned aircraft deliveries, only Falcon and Hawker saw increases and only Gulfstream saw their deletions increase.
Of note is also the small 2014 net growth in the Light and Very Light size categories. This is directly attributable to the opening up of the lower airspace across China which is in turn encouraged growth in the flight training sector. The only category which has seen a declining growth year on year 2012 through 2014 is the Medium size category.
China Hong Kong Macau Taiwan
NET FLEET GROWTH 2012-2014 Per Aircraft Base
202
256
93 98114
14 11 11 7 15 17
297
2012 2013 2014
GREATER CHINA
56 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Net Fleet Growth 2012-2014 by OEM
117
92
19
34
8
28
144
3135
16 20 18
7
41 38
2519 20
12
111
123
142
161
Gulfstream Bombardier Dassault Cessna Embraer Hawker Airbus Boeing
Net Fleet Growth 2012-2014 by Size Category
2012 2013 2014
2012 2013 2014
20
91103
63
2316
28
122134
58
21 17
39
151 153
54
22 20
Corp. Airliner Long Range Large Medium Light Very Light
GREATER CHINA
57ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
2012 2013 2014
Net Fleet Growth by Models 2012-2014 – Top 40 Models
12
5
1
52
64
72
52
33
46
10
22
30
22
25
21
11
17 17
9
Gulfstream G550
Challenger870
Falcon 900LX
Learjet60/60XR
Global Express
CitationMustang
Citation Sovereign/+
GulfstreamG650
Learjet35/36
Hawker900/XP
A319ER
Legacy600
Challenger 604
BBJ2
Gulfstream G280
Citation II/Bravo
GulfstreamIV/IV-SP
Citation S/II
Gulfstream V
Falcon 2000LX
Hawker 400/XP/XTi
Falcon 900DX/EX
Citation XLS/+/Excel
Challenger300
Global ExpressXRS
Lineage1000/1000E
ACJ318
Gulfstream G450
Gulfstream G200
Falcon 7X Challenger 605
Challenger 850
Global 5000
Legacy 650
Citation CJ1/+
Global 6000
13
16
5
9
14121313
2019
23
5
25
75
1
4222
44 35
65 4
42 3
1 25
5 53 34
42 2 2 2
43 3 3 3 213
6
4 4 4 4 4 4 46
9
13
77 6 658 8
558 8 7
32
8 8
BBJ
47
10
CRJ200 VIP
8 8 9 9
Hawker 800/850
108
1011 11
ACJ319
4 4
1 1
GREATER CHINA
58 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Net Fleet Change by Model 2012-2014
Airb
us 3
19VI
P
ACJ3
18
ACJ3
19
ACJ3
20
ACJ3
30 BBJ
BBJ2
Chal
leng
er 3
00
Chal
leng
er 6
01
Chal
leng
er 6
04
Chal
leng
er 6
05
Chal
leng
er 8
50
Chal
leng
er 8
70
CRJ2
00VI
P
Glo
bal 5
000
Glo
bal 6
000
Glo
bal E
xpre
ss
Glo
bal E
xpre
ss X
RS
Lear
jet 6
0/XR
Cita
tion
CJ1
Cita
tion
CJ3
Cita
tion
Exce
l
Cita
tion
Mus
tang
Cita
tion
Sove
reig
n/+
2012 2013 2014
GREATER CHINA
13
7
11
2
-1
3
71111
3
4
3
2
2-121
-2
3
-3 -4
7
13
-2
1
2
6
6
5
1-1
4
2
4
-1
1
3
-1-1
2 21-1
11
1-1-2
21
1-2
1
-3
1
4
-2
8
5
-12
-1
-2
59ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
-11
-11
-6
5
7
2-1
23
2
1-1
52
2 2
-6
1-1
-1
2 221
12
1
-3-5
12
2
4
2
-11 1
-4
3
12
19
1-4 -2 -2
1 1
-3-1
-1
14
22
4
3
12
9
11
-5
-2-4
4
Cita
tion
VI/V
II
Cita
tion
X
Cita
tion
XLS/
+
Falc
on 2
000
Falc
on 7
X
Falc
on 9
00LX
Lega
cy 6
00
Leag
acy
650
Line
age
1000
Line
age
1000
E
Phen
om 3
00
Gul
fstre
am G
100
Gul
fstre
am G
200
Gul
fstre
am G
280
Gul
fstre
am G
450
Gul
fstre
am G
550
Gul
fstre
am G
650
Gul
fstre
am IV
-SP
Gul
fstre
am V
Haw
ker 4
00 /
A/XP
Haw
ker 4
000
Haw
ker 7
50
Haw
ker 8
00 A
/B/X
P
Haw
ker 9
00XP
GREATER CHINA
61ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
AIRCRAFT ADDITIONS AND DEDUCTIONS
201459 Net Additions
201364 Net Additions
2012102 Net Additions
9468 New Deliveries 26 Pre-owned
-35
59
Deductions
Additions56 New Deliveries 50 Pre-owned
-42
64
106
Deductions
Net Additions
Additions
-9
102
111
Deductions
Net Additions
GREATER CHINA
Additions
Net Additions
62 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
-3
Net Additions in 201459 in total
Falcon 7X
Gulfstream G550
Global 6000
Challenger 870
Gulfstream G450
Legacy 650
Gulfstream G280
BBJ
Global 5000
Citation XLS/+
Hawker 800A/B/XP
BBJ2
Citation Mustang
Falcon 900LX
Lineage 1000
Lineage 1000E
Gulfstream 650
ACJ330
ACJ320
Challenger 850
Global Express XRS
Falcon 2000S
Hawker 400/A/XP
Learjet 60/XR
Citation Sovereign/+
Citation VI/VII
Hawker 900XP
Challenger 300
Citation CJ3
Global Express
Falcon 2000LX
Gulfstream G200
Challenger 605
Challenger 601
Hawker 4000
GREATER CHINA
Deductions
New Deliveries
Pre-owned
-1
-1
-1
-1
-1
-1
-1
-1
-1
-1
-2
-2
-2
-4
-2
-3
-6
-5
7
7
6
8
5
4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
3
2
2
3
3
2
2
2
2
1
11 3
3
2
63ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
New Deliveries by OEM 2013-2014
MODEL 2013 2014
ACJ318 1 -
ACJ319 1 -
ACJ320 - 1
ACJ330 - 1
BBJ 1 1
BBJ2 - 2
Challenger 300 1 -
Challenger 605 4 -
Challenger 850 1 -
Challenger 870 - 6
Global 5000 1 3
Global 6000 3 7
Citation CJ1 1 -
Citation Sovereign/+ 1 -
Citation Mustang - 2
Citation XLS/+ - 3
Falcon 7X 11 7
Falcon 900LX 2 1
Falcon 2000 1 1
Legacy 600 1 -
Legacy 650 4 5
Lineage 1000/E 2 3
Phenom 300 1 -
Gulfstream G280 - 4
Gulfstream G450 13 8
Gulfstream G550 5 11
Gulfstream G650 1 2
Total 56 68
19
108 8
5
13 2 2
9
14
2
16
25
Gulfstream Bombardier Dassault Embraer Cessna Boeing Airbus
2013 2014
GREATER CHINA
64 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Pre-owned by OEM 2013-2014
MODEL 2013 2014
ACJ318 1 -
ACJ319 2 -
BBJ 2 2
Challenger 604 3 -
Challenger 605 3 -
Challenger 850 5 1
CRJ200VIP 1 -
Global 5000 3 1
Global 6000 2 1
Global Express 1 1
Global Express XRS 2 1
Learjet 60/XR - 1
Citation Sovereign/+ 2 1
Citation VI 1 -
Citation X 1 -
Citation XLS 1 -
Falcon 2000LX - 1
Falcon 7X 1 2
Falcon 900LX - 1
Legacy 600 1 -
Lineage 1000 - 1
Gulfstream G100 1 -
Gulfstream G200 3 3
Gulfstream G450 6 3
Gulfstream G550 7 3
Hakwer 400/A/XP - 1
Hawker 800A/B/XP - 2
Hawker 4000 1 -
Total 50 26
17
3
9
20
6
BombardierGulfstream
1
4
Dassault
31
Hawker
2 2
Boeing
1 1
Embraer
5
1
Cessna Airbus
2013 2014
GREATER CHINA
65ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Deductions by OEM 2013-2014
MODEL 2013 2014
ACJ318 1 -
Challenger 300 - 1
Challenger 601 - 2
Challenger 605 4 2
CRJ200VIP 1 -
Global Express 3 2
Global Express XRS 2 -
Global 5000 - 1
Global 6000 1 1
Learjet 60/XR - 1
Citation CJ3 - 1
Citation XLS/+ 5 -
Citation Sovereign/+ 1 1
Citation VI/VII - 1
Falcon 2000 3 -
Falcon 2000LX - 2
Falcon 7X - 1
Lineage 1000 1 -
Gulfstream G200 4 4
Gulfstream G450 6 5
Gulfstream G550 - 6
Gulfstream IV 1 -
Hawker 750 4 -
Hawker 800A/B/XP 2 -
Hawker 900XP 2 1
Hawker 4000 1 3
Total 42 35
11 11
3 3 31 1
46
10 9
15
Gulfstream Bombardier Hawker Dassault Cessna Airbus Embraer
2013 2014
GREATER CHINA
66 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Deer Jet
2
TAG Aviation
12
35
11 111 1 1 1 1 1 1 11 1 1 1 1 1 1222 2 2 2
3 4 4
1 1
42
1 1
3
64 4 4
98
7
ACJ3
19
Chal
leng
er 3
00
Chal
leng
er 6
04
Chal
leng
er 6
05
Chal
leng
er 8
50
Glob
al 5
000
Glob
al 6
000
Glob
al E
xpre
ss
Glob
al E
xpre
ss X
RS
Lear
jet 6
0/XR
Lega
cy 6
00
Lega
cy 6
50
Line
age
1000
Falc
on 2
000L
X
Falc
on 7
X
Falc
on 9
00LX
Gulfs
tream
G20
0
Gulfs
tream
G45
0
Gulfs
tream
G55
0
Gulfs
tream
G65
0
2018
1 1 11 1 1 1 12 2 2 2 2 2
3
A319
ER
ACJ3
19
ACJ3
20 BBJ
Chal
leng
er 6
05
Glob
al 6
000
Glob
al E
xpre
ss X
RS6 6 6
Haw
ker 8
00/8
50
1Fa
lcon
200
0S2 3 4
Falc
on 7
X
1
Falc
on 9
00LX
67 7
Gulfs
tream
G20
0
4
1312
Gulfs
tream
G45
0
21
Gulfs
tream
G55
0
33 3
Gulfs
tream
IV
1 1 1
Gulfs
tream
IV-
SP
33 3
Gulfs
tream
V
Haw
ker 4
000
2 21
33 2
Haw
ker 9
00/X
P
2013 20142012
BAA
1 1 1 1 11 1 1 1 112 2
54 4 4
ACJ3
18
ACJ3
19
Chal
leng
er 8
50
Chal
leng
er 6
05
Lear
jet 6
0/XR
Cita
tion
CJ1/
+
Line
age
1000
E
Glob
al 6
000
22
Haw
ker 4
000
1 1 1
Falc
on 9
00EX
1122
Gulfs
tream
G20
0
787
Gulfs
tream
G45
0
98
5
Gulfs
tream
G55
0
331
2
Falc
on 9
00LX
32
8
Falc
on 7
X
33
2013 20142012
2013 20142012
Fleet by Operator & Models – 2012-2014
57 67 70
GREATER CHINA
34 40 45
25 34 49
67ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Metrojet
Jet Aviation
China Eastern
1 11 11 11 1 1 11 1 1 1 1 1 1 1 1 11 1 11 1 2123
54 4
Glob
al E
xpre
ss X
RS
Cita
tion
Sove
reig
n /+
Cita
tion
XLS/
+
Lega
cy 6
00
Lega
cy 6
50
Line
age
1000
Gulfs
tream
G20
0
Gulfs
tream
G45
0
Gulfs
tream
G55
0
BBJ
Chal
leng
er 6
04
Chal
leng
er 6
05
Chal
leng
er 8
50
Glob
al 5
000
Glob
al E
xpre
ss
Gulfs
tream
IV-
SP
Gulfs
tream
V
23 3
111 1 1 1 1 1 11 1 1 1 1 1 1 1
Cita
tion
Sove
reig
n /+
ACJ3
18
Chal
leng
er 3
00
Glob
al E
xpre
ss X
RS
Falc
on 2
000L
X
Lega
cy 6
50
Gulfs
tream
G20
0
Gulfs
tream
G45
0
Gulfs
tream
G55
0
Haw
ker 8
00A/
B/XP
23 3 333
5
2
1213
14
1 1 1 1
4
11 1 1 11 1 2 23
7
4 4
ACJ3
18
Chal
leng
er 6
05
Glob
al 5
000
Glob
al 6
000
Glob
al E
xpre
ss
Falc
on 7
X
Falc
on 9
00LX
Gulfs
tream
G20
0
Gulfs
tream
G45
0
Gulfs
tream
G55
0
Gulfs
tream
G65
0
Cita
tion
CJ3
2 2 21
2 2
88 8
2013 20142012
2013 20142012
2013 20142012
GREATER CHINA
28 30 35
21 22 30
11 14 16
68 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Minsheng Int’l Jet
Gulfs
tream
G28
0
2
Falc
on 7
X
12 2
Falc
on 9
00DX
1 1
Falc
on 2
000
1
Cita
tion
XLS/
+/Ex
cel
1
Cita
tion
Sove
reig
n/+
1
Haw
ker 9
00/X
P
1
Line
age
1000
1
Line
age
1000
E
1
Gulfs
tream
G45
0
1
Gulfs
tream
G55
0
1
Lega
cy 6
50
3
62013 20142012
China United
ACJ3
19
3 3
Cita
tion
VI/V
II
1 1
Cita
tion
Brav
o/II
2 2CR
J200
VIP
7 7
5
Chal
leng
er 8
70
5 55
2013 20142012
Lily Jet
Chal
leng
er 6
05
21 1
Glob
al E
xpre
ss X
RS
1 1Gu
lfstre
am G
200
1 1
Chal
leng
er 8
50
35 4
Glob
al 5
000
1
Glob
al E
xpre
ss
1 1 1
CRJ2
00VI
P
1 1
Glob
al 6
000
1
Chal
leng
er 6
04
2 2
2013 20142012
Hongkong Jet
Chal
leng
er 6
05
Glob
al 5
000
Glob
al E
xpre
ss
Lega
cy 6
50
Glob
al E
xpre
ss X
RS
Falc
on 7
X
ACJ3
18
ACJ3
19 BBJ
Gulfs
tream
G65
0
Haw
ker 4
000
Gulfs
tream
G45
0
Gulfs
tream
G55
0
12
12 2
11 11 1 1 11 111 1 1 1 1
2013 20142012
2
GREATER CHINA
6 6 14
17 18 13
8 11 12
4 7 12
69ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
70 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FOREIGN AIRCRAFT OPERATION HIGHLIGHTS* IN CHINA
Aerodrome – Specific Restrictions
Airport Restrictions China Landing Permit Regulations
Sponsor Letters
Landing Slot Restictions
Beijing Capital Int’l Airport (ZBAA)
No takeoff between 07:00 - 09:59
Only one slot avialable 06:00 - 23:59
Shanghai Hongqiao Airport (ZSSS)
No takeoff & landing between 00:00 - 05:59
Not allowed to operate to/from the east /northeast direction between 07:00 - 22:59
Beijing Capital Airport (ZBAA) No double movement between08:01 - 21:59
Shanghai Hongqiao Airport (ZSSS)Shanghai Pudong Airport (ZSPD)
Guangzhou Baiyun Airport (ZGGG)
Shenzhen Bao’an Airport (ZGSZ)
Jiamusi Dongjiao Airport (ZYJM) Not open except for Russian registered
aircraftMudanjiang Hailang Airport (ZYMD)
Hulunbuir Hailar Airport (ZBLA)
Yanji Chaoyangchuan Airport (ZYYJ) Not open except for South Korea registered
aircraftMudanjiang Hailang Airport (ZYMD)
Weihai Dashuibo Airport (ZSWH)
• Inviting company background info
• Purpose of flight and visit
• Passenger detailed info
• Contact methods of the sponsor
• Aircraft regulations
• Flight number
• Aircraft model
• Full schedule
Within China:
Landing permit application to be subimitted 2 to 3 days in advance.
Landing permit application cannot be changed more than twice.
One permit may only contain 6 sectors.
For domestic flight operations:
A Chinese navigator must be arranged beforehand
Both government and sponsor letter are needed
At least 7 working days are required to apply. Once submitted, it may not be revised.*information provided by AsBAA
Weihai
JiamusiHulumbuir
Yanji
Mudanjiang
Beijing
Chengdu Shanghai
Taipei
Guangzhou
Hong KongHaikou
GREATER CHINA
71ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Landing Slot Restictions
FORECAST FOR 2015
The forecast for 2015 for the Greater China market is dire indeed. For one, all of the market drivers noted earlier in this report will remain throughout the year and continue to negatively influence buying sentiment in the Greater China market. ASG also expects pre-owned activity to remain low and deductions to increase as more and more owners either sell their existing aircraft or move them out of the region. But whereas 2014 was propped up by new aircraft deliveries from the OEMs, this will not be the case in 2015. As noted earlier, new aircraft deliveries slightly increased in 2014. However, this was the end result from orders placed in 2012 and 2013. 2015 will see a decline in new deliveries as OEM sales in Greater China declined in 2014.
Additionally a major influence on new aircraft deliveries by OEMs in 2015 will be the existing backlog with the Chinese leasing companies. By ASG’s estimation, between the 5 main Chinese business jet leasing companies, there exists roughly 30 new aircraft either delivered and unsold or due to be delivered in 2015 hanging over the market. These new aircraft will in particular present significant market challenges to Gulfstream and Bombardier throughout the year as both these OEMs and leasing companies compete for the same base of dwindling potential buyers. Of note and a harbinger for deliveries beyond 2015, even though these leasing companies have historically been large buyers of new aircraft, they are unlikely to place any new orders in 2015.
The potential silver lining is that while the combined effects of slowing GDP and the government’s austerity / anti-corruption measure have weighed heavily on the Greater China market in 2014, the relatively favourable exchange rate, combined with willing sellers, willing operators and willing financiers in 2015 should provide a small measure of positive outlook for the market.
All things considered through, ASG is still predicting the Greater China market to slow overall in 2015 and growth to be in the area of just 10%.
480
439
380
316
211
148118
9265
+41.5%
+28.3%
100 10%
0 0
200 20%
300 30%
400 40%
500
No of Aircraft
Growth Rate %
50%
+25.4%
+42.3%
+49.8%
+20.3%
+15.5%
+9.33%
20102008 2012 20142007 20112009 2013 2015
GREATER CHINA
73ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
SUPPORT INFRASTRUCTURE
Bangalore, India
Beijing, China
Hamburg, Germany
Toulouse, France
Miami, Florida, USA
Facility Location Aircraft ModelLine
MaintenanceHeavy
Maintenance Spare Parts Refurbishment
Beijing Support Centre Beijing, China ●
ST Aerospace Singapore ACJ318/319/320 ● ●
Sepang Engineering KL, Malaysia ACJ318/319/320 ● ● ● ●
HNA Aviation Technik Haikou, China ACJ318/319/320 ● ●
China Eastern Technik Shanghai, China ACJ318/319/320 ● ●
AMECO Beijing, China ACJ318/319 ●
STARCO Shanghai, China ACJ318/319/320 ● ●
STAECO Jinan, China ACJ318/319/320 ● ●
TAECO Xiamen, China ACJ318/319/320 ● ●
HAECO Hong Kong ACJ319/320 ● ●
Maintenance Service Centres in Asia Pacific
Training Centres Worldwide
Airbus
74 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Incheon, South Korea
Singapore
Brisbane, Australia
Melbourne, Australia
London Gatwick, UK
Casablanca, Morocco
Istanbul, Turkey
Miami, Florida, USA
Buenos Aires, Argentina
Seattle, Washington, USA
Mexico City, Mexico
Atlanta, Georgia, USA
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Beijing Service Centre Beijing, China BBJ/BBJ1/BBJ2 ●
Boeing Shanghai Service Shanghai, China BBJ/BBJ1/BBJ2 ● ● ●
AMECO Beijing, China BBJ/BBJ1/BBJ2 ● ●
STARCO Shanghai, China BBJ ●
STAECO Jinan, China BBJ ●
TAECO Xiamen, China BBJ/BBJ1/BBJ2 ● ●
SMECO Chengdu, China BBJ ●
HAECO Hong Kong BBJ/BBJ1/BBJ2 ● ●
Jet Aviation Singapore BBJ/BBJ1/BBJ2 ●
ST Aerospace Singapore BBJ/BBJ1/BBJ2 ● ●
Maintenance Service Centres in Asia Pacific
Training Centres Worldwide
Sydney, Australia
Boeing
75ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Dubai, UAE
Amsterdam, Netherlands
Burgess Hill, West Sussex, UK Montreal, Canada
Morristown, New Jersey, USADallas, Texas, USA
Houston, Texas, USA
Toluca, Mexico
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Bombardier Service Centre Singapore Learjet, Challenger and Global ● ● ● ●
Shanghai Hawker Pacific Shanghai, China Global ●
ExecuJet Haite Tianjin, China L60, CL604/605, Global ●
STAECO Jinan, China CRJ200, CL604/605, Global ● ●
Metrojet Hong Kong CL300, CL604/605, CL800, Global ●
Jet Aviation Singapore L40/45, L60, CL300, CL604/605, Global ● ●
ExecuJet Malaysia KL, Malaysia L60, CL300, CL604/605, CL800, Global ●
Airworks Mumbai, India L60, CL300, CL604/605, Global ●
JAMCO Sendai, Japan Global ● ●
Jet Aviation Hong Kong CL604/605, Global ●
ST Aerospace Singapore L40/45, L60 ●
Maintenance Service Centres in Asia Pacific
Training Centres Worldwide
Bombardier
76 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Training Centres Worldwide
Seosan, South Korea
Sydney , 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
Maintenance Service Centres in Asia Pacific
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Cessna Service Centre Singapore Cit Mustang, XLS, Sovereign ● ● ● ●
Beijing Dingshi GA Beijing, China Cit XL, Sovereign, X ● ●
Shanghai Hawker Pacific Shanghai, China Cit XLS, Sovereign, X ● ●
Okayama Air Service Okayama, Japan Cit 500s, Mustang, CJs, Sovereign ● ●
SR Aviation Kuala Lumpur Cit CJ, Mustang, X ● ●
Airworks Mumbai, India Cit II, Sovereign ● ●
Jet Aviation Singapore Cit X ●
Mjets Bangkok, Thailand Cit X, Mustang, CJs (except CJ4) ●
Cessna
77ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Shanghai Hawker Pacific Shanghai, China F7X, F2000s, F900s ●
Hawker Pacific Asia Singapore All Falcon products ● ● ● ●
Dassault Business Services Beijing, China All Falcon products ●
Jet Aviation Hong Kong F7X, F2000s, F900s ● ●
Airworks Mumbai, India F900s ●
TAJ Air Mumbai, India F2000EX, F2000EX EASy ●
Siddhartha Logistics Co Pvt Ltd Mumbai, India All Falcon products ●
Maintenance Service Centres in Asia Pacific
Dubai, United Arab Emirates
Chichester, West Sussex, UK
Merignac, FranceTeterboro, New Jersey, USAWhippany, New Jersey, USA
Wilmington, Delaware, USA
Colombus, Ohio, USA
Dallas, Texas, USALittle Rock, Arkansas, USA
Training Centres Worldwide
Dassault
78 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Paris, France
Atlanta, Georgia, USA
St. Louis, Missouri, USA
Houston, Texas, USA
Dallas, Texas, USA
Long Beach, California, USA
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Embraer China Services Beijing, China All Embraer Models ●
STAECO Jinan, China Legacy 600/650, Lineage 1000 ● ●
ExecuJet Haite Tianjin, China Legacy 600/650, Lineage 1000 ●
China Eastern Shanghai, China Legacy 600/650 ● ●
Metrojet Hong Kong Legacy 600/650, Lineage 1000 ●
Hawker Pacific Asia SingaporePhenom 100/300, Legacy
600/650, L1000● ●
WJA Aviation Jakarta, Indonesia Legacy 600/650 ●
Airworks Mumbai, India Phenom 100/300, Legacy 600/650 ●
Indamer New Delhi, India Legacy 600/650, Lineage 1000 ● ●
Maintenance Service Centres in Asia Pacific
Training Centres Worldwide
Embraer
Sao Paulo, Brazil
79ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Chichester, West Sussex, UK
Haikou, China
Hong Kong Savannah, Georgia, USA
Wilmington, Delaware, USA
Colombus, Ohio, USADallas, Texas, USA
Long Beach, California, USA
Facility Location Aircraft ModelLine
MaintenanceHeavy
MaintenanceSpare Parts Refurbishment
Gulfstream Service Centre Beijing, China G200, G450, G550 ● ● ● ●
Metrojet Hong KongGV, GIV/GIV-SP, G100, G150, G200,
G300, G350, G450, G550, G650● ●
Jet Aviation Hong KongGIV/GIV-SP, G300/G400, G100, G150,
G200, G450, G500/550, G650●
Jet Aviation Pte SingaporeGV, GIV/GIV-SP, G100, G150, G200,
G280, G300/G400, G450, G500/G550● ●
Airworks Mumbai, India G100, G200, G300/G400, G450,
G500/G550, GIV/GIV-SP, GV● ●
JAMCO Sendai, JapanG300/G400, G500/G550, GIV/GIV-SP,
GV● ●
STAECO Jinan, China G450 ● ●
Maintenance Service Centres in Asia Pacific
Training Centres Worldwide
Gulfstream
81ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
FIXED-BASE OPERATORS (FBO) – ASIA PACIFIC
Hong Kong Business Aviation Centre
Eva Sky Jet Centre
Taiwan Taoyuan Business Aviation Centre
Executive Aviation FBO
Deer Jet FBO
ExecuJet Indonesia
Jet Aviation
Universal Aviation
Wings Over Asia
Hawker Pacific Asia
IndoAsia Ground Services
Macau Business Aviation Centre
Shanghai Hawker Pacific Business Aviation Centre
AVJET Asia
KBAS
Deer Jet FBO
Royal Skyways
ASE Handling
MJets
Smooth Route
Nusantara Aviation Services
SkyPark Malaysia
AeroHandlers
C-jet FBO Beijing
Seoul Tokyo
Shanghai
TaiwanMacau
Hong Kong
Bangkok
Singapore
JarkartaBali
Kuala Lumpur
HaikouSanya
AA Corporation
IASS
Premier Gate Business Aviation
Flightrans Jet
Win Air Business Jet FBO
82 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
s
83ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
s
Financing Institutions
Name Office Location Finance Lease Operating LeaseGE Capital International ●CIT 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 ● ●WellsFargo 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 ●
Legal Firms
Law Firm Region Law Firm RegionKing & Wood Mallesons China Lee & Ko KoreaRun Ming Law Offices China Yulchon LLC KoreaClifford Chance Hong Kong Yoon & Yang LLC KoreaClyde & Co Hong Kong Appleby OffshoreHolman Fenwick William Hong Kong Bedell Cristin OffshoreMayer Brown JSM Hong Kong Carey Olsen OffshoreStephenson Harwood Hong Kong Conyers Dill & Pearman OffshoreWilliam K K Ho & Co. Hong Kong Harney Westwood & Riegels OffshoreLee and Li Taiwan Maples and Calder OffshoreTsar & Tsai Law Firm Taiwan Mourant Ozannes OffshoreShook Lin & Bok Indonesia Walkers OffshoreAnderson Mori & Tomotsune Japan SyCip Salazar Hernandez & Gatmaitan PhilippinesNagashima Ohno & Tsunematsu Japan Hogan Lovells SingaporeNishimura & Asahi Japan Milbank SingaporeSquire Sanders Japan Watson Farley & Williams SingaporeBae, Kim & Lee Korea Siam Premier ThailandKim & Chang Korea
Involving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimize 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 scrutinize each transaction as to ensure that seller or buyer’s legal interests are best protected and the best commercial terms are obtained.
ASG will liaise with top law firms should legal services be required, and thereby ensure a smooth transaction both legally and commercially.
ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 83
84 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Airbus Corporate Jet CentreToulouse, France
JCB AeroAuch, France
Sabena TechnicsBordeaux, France
Amac AerospaceJet Aviation Management
Basel, Switzerland
Delta Interior DesignSirone, Italy
SR TechnicsZurich, Switzerland
Lufthansa TechnikHamburg, Germany
Fokker Air ServicesPapendrecht , South Holland, Netherlands
Kvand Aircraft InteriorsMoscow, Russia
ST AerospacePaya Lebar, Singapore
Flying Colours CorpSingapore
Haeco Private Jet SolutionsXiamen, China
INTERIOR COMPLETION CENTRES WORDWIDE
85ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Bombardier AerospaceMontreal, QC, Canada
Flying Colours CorpPeterborough, Ontario, Canada
Comlux Completion USAIndianapolis, IN, USA
Standard Aero, Associated Air CentreSpringfield, IL, USA
Embraer Completion CentreMelbourne, FL, USA
Innotech AviationMontreal, QC, Canada
PATS Aircraft SystemsGeorgetown, DE, USA
Flying Colours CorpSt. Louis, MO, USA
Bombardier AerospaceWichita, KS, USA
BizjetTulsa, OK, USA
L-3 Platform Integration Waco, TX, USA
Gulfstream Completion CentreAppleton, WI, USA
Jet Aviation ManagementSt. Louis, MO, USA
Gulfstream Completion CentreLong Beach, CA, USA
GDC TechnicsSan Antonio, TX, USA
Altitude Aerospace InteriorsAuckland, New Zealand
Cessna Completion CentreWichita, KS, USA
Cascade AerospaceAbbotsford, Canada
Greenpoint TechnologiesKirkland, WA, USA
Dassault Falcon JetLittle Rock, AR, USA
Gulfstream Service Centres Standard
Aero, Associated Air Centre
Dallas, TX, USA
Gulfstream Completion CentreBrunswick, GA, US
Gulfstream Completion CentreSavannah, GA, USA
Embraer Completion CentreSao Paulo, Brazil
Duncan AviationHillaero Modification
Lincoln, NE, USA
86 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
OEM Completion Centres
NAME AIRCRAFT CAPABILITIES
Airbus Corporate Jet Centre Airbus ACJ Family
Bombardier Aerospace Bombardier, Learjet
Dassault Falcon Jet Falcon
Embraer Completion Centre Legacy 600/650, Lineage 1000 and Phenom 100/300
Gulfstream Service Centres Gulfstream
Cessna Completion Centre Cessna
Independent Completion Centres
NAME AIRCRAFT CAPABILITIES
Aeria Luxury Interiors Boeing and Airbus
Altitude Aerospace Interiors Boeing BBJ and 787
Amac Aerospace Boeing 747/777/787, Airbus A330/340/380
Bizjet Boeing BBJ, 737CL, 737NG, Airbus ACJ Family and Gulfstream
Cascade Aerospace Boeing
Comlux Completion USA Boeing BBJ and Airbus ACJ Family
Duncan Aviation Falcon, Gulfstream, Global, Challenger, Hawker, Learjet, Citation, Embraer, King Air, Astra / Westwind
Elliott Aviation Hawker, Beechjet, Bombardier
Flying Colours Corp Challenger, Global 5000/6000, Learjet, Hawker, Falcon, Cessna Citation
Fokker Air Services Airbus ACJ family
GDC Technics Boeing BBJ, 767, 787 and Airbus ACJ, A330, A340
Greenpoint Technologies Boeing BBJ
Haeco Private Jet Solutions Boeing BBJ and Airbus ACJ
Hillaero Modification Centre Learjet, King Air, Citation, Pilatus, Hawker, Beechjet, Diamond, Falcon, TBM, Meridian and Westwind
Innotech Aviation Bombardier
JCB Aero Boeing BBJ (B737 series) and Airbus ACJ (A320 series)
Jet Aviation Management Boeing BBJ, Airbus ACJ, Bombardier, Gulfstream, Falcon, Hawker
Kvand Aircraft Interiors Tu-134, TU-154B, M, YAK-40,YAK-42
L-3 Platform Integration Boeing 707/737/747/757, Airbus A310/340, MD11, Gulfstream, Lockheed
Lufthansa Technik Airbus ACJ Family, Boeing 737CL, 737NG, 747, 767, 777, 787
PATS Aircraft Systems Boeing BBJ, 727, Lineage 1000 and CRJ200
Sabena Technics Airbus, ATR, Boeing, Bombardier, Embraer and Fokker
SR Technics Airbus A320, A330, A340, A380, Boeing 737NG and MD11
ST Aerospace Boeing BBJ and Airbus ACJ
Standard Aero, Associated Air Centre Boeing BBJ and Airbus ACJ, Falcon Jet, Challenger, Hawker, Gulfstream
88 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
China41
South Korea2 Japan
Hong KongMacau
2
Thailand19
Singapore19
Indonesia17
Philippines1
Malaysia3
CHARTER AIRCRAFT AVAILABILITY – ASIA PACIFIC
11
7
89ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
China Hong Kong Macau Indonesia Japan Malaysia Philippines Singapore South
Korea Thailand Total
ACJ318 1 1
ACJ319 1 1 2
BBJ 1 2 1 1 5
Boeing 727-100 1 1
Challenger 300 2 2
Challenger 601 1 1
Challenger 604 2 2
Challenger 605 2 1 1 1 5
Challenger 850 4 1 5
Global 5000 1 1 1 3
Global 6000 1 1 1 3
Global Express 1 1
Global Express XRS 2 1 1 4
Learjet 24 1 1
Learjet 35/A/36A 2 2
Learjet 45/XR 1 1
Learjet 60/XR 1 1
Citation Bravo 2 2
Citation CJ3 1 1
Citation Mustang 2 2
Citation V 3 3
Citation X 1 1
Citation XLS/+ 1 1
Citation Sovereign/+ 1 1
Citation VI/VII 1 1 2
CRJ200 VIP 1 1
Gulfstream G150 1 1
Gulfstream G200 2 2 4 8
Gulfstream G300 1 1
Gulfstream G450 5 1 1 7
Gulfstream G550 9 1 1 2 13
Gulfstream G650 2 2
Gulfstream V 1 1
Gulfstream IV-SP 1 1 2
Gulfsream V 1 1 1 3
Legacy 600 3 3
Legacy 650 2 2 4
Lineage 1000 1 1
Phenom 300 1 1
Falcon 2000LX 1 1
Falcon 7X 1 1
Hawker 400/A/XP 2 2
Hawker 800A/B/XP 1 2 2 5
Hawker 850XP 1 2 3
Hawker 900XP 4 4
Premier I/IA 1 1
Sabreliner 65 1 1
Nextant 400XT 1 1
Total 41 11 2 17 7 3 1 17 2 19 120
Charter Aircraft Availability by Model
11 %
10%
9%
8%
7%
6%
5%
700
650
600
550
500
450
400
350
300
250
200
91ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
PRE-OWNED AIRCRAFT FOR SALE – GLOBAL AVAILABILITY
Pre-owned Business Jet – % of Fleet for Sale
Pre-owned Business Jet for Sale – Average Days on Market
Jan-14 May-14Mar-14 Jul-14Feb-14 Jun-14Apr-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
Jan-14 May-14Mar-14 Jul-14Feb-14 Jun-14Apr-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
11 %
10%
9%
8%
7%
6%
5%
700
650
600
550
500
450
400
350
300
250
200
Airbus
Bombardier
Dassault
Gulfstream
Boeing
Cessna
Hawker
Embraer
Airbus
Bombardier
Dassault
Gulfstream
Boeing
Cessna
Hawker
Embraer
Source: Jetnet
92 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
AIRCRAFT MODELS POSITIONINGAircraft Total Yearly Cost vs Maximum Range
ACJ321BBJ 3
ACJ320
BBJ 2ACJ319
BBJACJ318
Lineage 1000E
G450CL 890 CS G350
CL 870 CS
F 900LX
G IV SP
F 900EXG IVCL 850 G300
Legacy 650
F 2000LXSF 2000LX
CL 605
Legacy 600
CL 604
F 2000SCL 350
F 2000EXCL 300
G280
CIT VIICIT XLS+
L 45XRCIT Excel
L 40XR
CIT Ultra
CIT Encore+
CIT CJ4
H 400XP
Phenom 300
Beechjet 400A
CIT CJ3+
CIT BravoDiamond 1A
SJ30-2
G650ERG650Global 6000
Global Express XRS
G550
Global 5000
Global ExpressF 7X G V
F 50EX
H 4000
G200CIT X+
CIT Sovereign
CIT Sovereign+
H 900XPH 850XP
H 800XPG150
L 60XRH 800
G100
L 75
Astra SPL 70
CIT CJ2+Premier IA
Nextant 400XTiCIT CJ1+
CIT M2Phenom 100E
HondaJet
CIT Mustang
Eclipse 550
1
2
4
8
16
)raeY/DSU
noilliM(
tsoC
ylraeY
latoT
Max Range (N.M.)
Note: Yearly Cost estimated includes Conklin & Decker 2014 industrial cost figures for new aircraft acquisiton cost + 5% ÷ 10 Years, plus yearly operating cost +25% to account for regional differences
Very Light
Light
Medium
Large
Long Range
Corp. Airliner
10001
2
3
4
5
6
7
8
9
10
11
12
1314151617181920
3000 5000 70002000 4000 6000 8000
93ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Recent & Upcoming Aircraft Models
By Maximum Range
By Cabin Volume
Expected First Delivery Year
Global 8000Global 7000G650ERUpcoming
Upcoming
RecentlyDelivered
RecentlyDelivered
G600
Falcon 8X
G500
Citation Longitude
Challenger 650
Legacy 450
HondaJet
PC-24Learjet 75
Learjet 70
Citation M2
2013
1000
0
2000
3000
4000
5000
6000
7000
8000
2015 2017 20192014 2016 2018 2020
Challenger 350
Citation Latitude
Global 8000
Global 7000
G650ER
Falcon 8X
Falcon 5XG600
G500
Citation Longitude
Citation X+
Citation Latitude
Legacy 500
PC-24
Challenger 650Challenger 350
Legacy 450
HondaJetCitation M2
Learjet 70/75500
0
1000
1500
2000
2500
3000
2015 2017 201920142013 2016 2018 2020
Cabi
n Vo
lum
e (ft
³)M
axim
um N
BAA
FR R
ange
(NM
)
Expected First Delivery Year
Falcon 5X
Citation X+
Legacy 500
94 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
UPCOMING AIRCRAFT PROFILE
DASSAULT FALCON 8X
UPCOMING AIRCRAFT PROFILE
DASSAULT FALCON 8X
UPCOMING AIRCRAFT PROFILE
Currently in development, Dassault’s new flagship, the Falcon 8X, is an ultra-long range jet that puts city pairs such as Hong Kong - Paris, London - Cape Town, and Los Angeles - Beijing within reach, with a range of 6,450 N.M. The trijet is powered by Pratt and Whitney Canada turbofans which, at 6,722 pounds, deliver 5% more thrust, and the new wing architecture lightens the wing and provides more space for fuel. As a trijet, the Falcon 8X will shorten transoceanic routes, and make short, stable approaches on landing. The PW300 series engines deliver more pounds of thrust per each pound of fuel, resulting in a reduction of NOx emissions that will rank 30% lower in the Falcon 8X than even the strictest of today’s standards. The operating cost of the Falcon 8X is 35% lower than its competitors. Flying at a maximum altitude of 51,000 feet, its maximum speed is Mach 0.90 Mach.
The Falcon 8X offers a choice of 30 layouts in its 42.67-foot cabin, the largest in the Falcon fleet. Noise and cabin altitude are kept low, and the air quality high. Complete connectivity is possible within the cabin, which is FalconCabin HD+ equipped and WiFi capable. The FalconCabin HD+ cabin management system gives passengers control over their environment from anywhere in the cabin through their Apple devices. Skybox, the wireless media server with vast iTunes video and music capacity, is also available as an option.
The three extra feet available in the Falcon 8X cabin can accommodate much more living space. Best of all, the space is highly configurable to meet the needs of each owner or operator. One can opt for a comfortable three-lounge cabin with a shower aft and crew rest provisions forward, or even go for a shorter entryway to add yet more lounge space. Other possibilities among
95ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
the 30 different cabin layouts include a large entryway with spacious, lie-flat crew quarters and a truly grand galley for multiple meals.
The totally redesigned cockpit is equipped with an EASy flight deck. A wide-screen, head-up display, an optional feature, integrates enhanced and synthetic vision to optimize situational awareness, even in low visibility conditions. The cockpit also features the Honeywall next generation 3D color weather radar system with enhanced turbulence detection capability.
GENERALTypical Capacity 8 passengers / 3 crew
PERFORMANCE Max Range 6,450 N.M. / 11,945 kmMmo M 0.90
POWERPLANTP&W Canada 3 x PW307D 6,722 lb / 29.9 kN
MAX OPERATING ALTITUDE 51,000 ft / 5,545 m
EXTERNALLength 80.2 ft / 24.46 mHeight 26.1 ft / 7.94 m Width 86.75 ft / 26.29 m
INTERNAL Cabin Length 42.67 ft / 13 m Cabin Width 7.67 ft / 2.34 mCabin Height 6.17 ft / 1.88 m Cabin Volume 1,695 ft³/ 48 m³
WEIGHTMax Takeoff Weight 73,000 lb / 33,113 kg Max Zero Fuel Weight 43,000 lb / 18,598 kg
96 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014
Your Association Needs YOU!
Get in touch with us today.
As young kids we all thought we could be super heroes. At AsBAA we help
our members to become exactly that.
AsBAA is a non-profi t driven Asia focused Business Aviation association founded in 2000. We are a member of IBAC and affi liated with NBAA.
For more information about us and how to join, visit our website: www.AsBAA.org or send an e-mail to: [email protected]
AsBAA_Advertisement_216x279.indd 1 13-03-15 10:17
Your Association Needs YOU!
Get in touch with us today.
As young kids we all thought we could be super heroes. At AsBAA we help
our members to become exactly that.
AsBAA is a non-profi t driven Asia focused Business Aviation association founded in 2000. We are a member of IBAC and affi liated with NBAA.
For more information about us and how to join, visit our website: www.AsBAA.org or send an e-mail to: [email protected]
AsBAA_Advertisement_216x279.indd 1 13-03-15 10:17
ASIAN SKY GROUP Suite 3905, Far East Finance Centre, 16 Harcourt RoadAdmiralty, Hong Kong
Telephone +852 2235 9222Facsimile +852 2528 2766
www.asianskygroup.com
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 2014, 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.
STRATEGIC PARTNERTHANKS TO