ASIA-PACIFIC BUSINESS JET CHARTER REPORT 2018
SUMMER 2018 CHARTER REPORT | I Beijing
Shanghai
Shenzhen Hong Kong
Singapore
ABOUT ASIAN SKY GROUP ASIAN SKY GROUP (ASG), headquartered in Hong Kong with offices throughout Asia, has assembled the most experienced aviation team in the Asia-Pacific region to provide a wide range of independent services for both fixed and rotary-wing aircraft. ASG also provides access to a significant customer base around the world with the help of its exclusive partners.
ASG provides its clients with the following business aviation services:
Sales & Acquisitions | Market Research and Consulting | Operational Oversight | Luxury Charter Services
The acclaimed Asian Sky Fleet Reports are produced by ASG’s market research and consulting team, in collaboration with Asian Sky Media — a branch of ASG focusing on media and publications.
Asian Sky Media has a growing portfolio of business aviation reports designed to provide valuable information to readers for a better understanding of the market. Included in the portfolio is the Asia Pacific Fleet Reports for both civil helicopters and business jets.
Asian Sky Quarterly provides a reader-friendly look at market dynamics within the pre-owned markets of civil helicopters and business jets. ASG’s reports include the Asia Pacific Business Jet Charter Report, the Asia Pacific Training Report, the Asia Pacific Infrastructure Report and China General Aviation Report focusing on specific industry segments showcasing the current status and challenges of the industry.
DISCLAIMER The information contained in this report is for reference only. While such information was compiled using the best available data as of June 30, 2018, 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.
CONTRIBUTION ASG would like to acknowledge the gracious contributions made by numerous organization, including aircraft operators, charter brokers, aviation authorities and JETNET LLC in providing data for this report. Special thanks to Air Charter Service (www.aircharter.com.hk) and Phenix Jet ([email protected]) for providing market insight. And thank you to Conklin & de Decker Associates for supplying images used in the Popular Models for Charter.
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”.
For information about our aviation services, please contact: [email protected] or visit www.asianskygroup.com. For information regarding ASG publications, please contact: [email protected] or visit www.asianskymedia.com.
CONTACT Suite 1401, 14/F, Fortis Tower, 77-79 Gloucester Road, Wan Chai, Hong Kong Telephone +852 2235 9222 | Facsimile +852 2528 2766
II | SUMMER 2018 CHARTER REPORT CONTENTS
02 PUBLISHER’S NOTE 22 POPULAR CHARTER FLIGHT ROUTES
EXECUTIVE SUMMARY INTERVIEW: SHENZHEN FUNIAN 03 24 BUSINESS AVIATION CO., LTD
04 MARKET OVERVIEW 26 COUNTRY PROFILES
12 FACTORS IMPACTING CHARTER 39 CHARTER FLEET BY OEM
14 REGULATIONS 42 CHARTER MOBILE APPS
16 AIRCRAFT MODEL POSITIONING 43 JET CHARTER MEMBERSHIPS
18 INTERVIEW: AIR CHARTER SERVICE 44 POPULAR MODELS FOR CHARTER
20 CHARTER DEMAND
SUMMER 2018 CHARTER REPORT | 1 PUBLISHER’S NOTE
usiness aviation is a dynamic industry, made up of various sectors. But, perhaps, the most well-known and long B standing of these is charter. Even since the first Lockheed JetStar flew in 1957 business jets have been available for hire. But once regarded as a lavish indulgence, chartering a business jet for a flight is now moving mainstream.
In the Asia Pacific region, corporate users make up the majority of charterers, but the growing demand from all sorts of users has pushed the industry to diversify. Now, membership schemes and easy booking via mobile apps and online platforms has made charter more complex in its offerings and but importantly more accessible. Often the first exposure to business aviation and its benefits comes from chartering so this sector of the industry plays a vital role. Still, the Asia Pacific has a long way to go before it sees any Uber-like operations — a widespread trend visible in the US.
As with the whole of business aviation in this region, the charter market faces hurdles — infrastructure, operational regulations and airspace limitations, to name a few. This region is also seeing a growing number of Part 91 aircraft owners offering “charter”, particularly in Hong Kong and China. The continued presence of these private owners offering their aircraft for hire has created tension and competition with legitimate Part 135 charter operators. This remains a critical challenge for the industry as it impedes further investment.
Though the challenges seem to be ongoing, the number of business jets in the region saw an increase, as of yearend 2017. The total business jet fleet grew almost 3% from 2016, with a total of 1,182 based in the region. Likewise, those used for charter saw a 5% growth from the Summer 2016, with a total of 310. That’s 26% of the total fleet being used for charter.
For the second issue of Asian Sky Group’s Asia Pacific Business Jet Charter Report, we’ll touch on the above topics, plus expand on the information brought to you in our inaugural report — the state of the fleet, challenges the market faces and the future of charter. This Summer’s report also takes a closer look at the operating regulations of each regional country, showcases the correlation of high-net-worth and ultra-high-net-worth with charter and features data on the most popular charter routes in the region.
As always, we, at Asian Sky Group, hope that the information provided within this report is informative and useful.
Sincerely, Jeffrey C. Lowe Managing Director, Asian Sky Group
2 | SUMMER 2018 CHARTER REPORT EXECUTIVE SUMMARY
s of June 2018, there were 311 business jets in the Asia- Pacific region used for charter; a five percent increase from A the 296 business jets used for charter in 2016. The 311 business jets represent 26% of the total regional fleet. Mainland China, Australia and India were home to the three largest charter fleets in the region, with 87, 65 and 59 aircraft, respectively. While Mainland China and India are notable for their economic growth and large populations, Australia is notable for having one of the most mature and well-developed business aviation environments in the region.
84 business jets were added to the Asia-Pacific charter market, while 69 were removed from the market. Newly-added charter aircraft included new deliveries (2) and pre-owned (25) additions, as well as those that recently changed their mission to charter (57). Fleet deductions consisted of aircraft that were no longer available for charter (37), along with those that were sold or relocated (19) to other countries and aircraft placed into retirement (13).
Mainland China had the largest fleet expansion between 2016 and 2018, increasing from 62 to 87 business jets; a 40% increase. This growth illustrates the potential of Mainland China’s charter market. The Philippines had the second largest fleet increase, with three business jets added marking a 30% fleet growth. Other regions that saw fleet growth include New Caledonia (2), Japan (1), Papua New Guinea (1), Bangladesh (1) and New Zealand (1).
Bombardier led the charter market with 79 aircraft, making up 25% of the region’s charter fleet. Cessna – the second most preferred OEM — had 61 business jets for charter in the Asia Pacific, occupying 20% of the market.
Large aircraft dominated the market with a 30% share (94) and a 21% growth rate, compared to 2016. China and India — the two largest markets — were dominated by large aircraft, with almost half of each fleet belonging to this size category. Light aircraft occupied the second largest share, with a 23% share (70).
The average age of a business jet used for charter in the region is 14 years. Malaysia has the oldest fleet (25), while Bangladesh has the youngest (6).
SUMMER 2018 CHARTER REPORT | 3 MARKET OVERVIEW
87
62
12 13 3 3 14% 16% 22% 24% South Korea Japan 60 59 33 20% 25% 1213 Mainland China 4 4 1 6288 12 9 25% 3 2 17% 17% Bangladesh Taiwan 9% 6% 25% 20% Hong Kong 43% 42% Macau India 1 32 16 44 13 1210 42% 33% 6059 16Thailand13
13 13 21% 26% 13Singapore13 13 10 1 25% 22% 25% 70 Indonesia PNG 65 1310 1 2 100% New Caledonia2 39% 36% 70Australia67
4 | SUMMER 2018 CHARTER REPORT 4 | SUMMER 2018 CHARTER REPORT MARKET OVERVIEW
1 ACTIVE CHARTER FLEET ASIA PACIFIC BUSINESS JET CHARTER 296 311
LARGEST MARKET 87 26% 26% MAINLAND CHINA 2016 2018 NOTE: Charter fleet as a percentage of total fleet. LARGEST NET FLEET ADDITION +25 2526 MAINLAND CHINA
LARGEST NET FLEET DEDUCTION -5 AUSTRALIA
13 10 Fleet Growth for the 20% 28% Major Markets Philippines 15 12 Net Fleet Growth Growth Rate 27% 20% REGION 2018 2018 1013 Malaysia Greater China 21 26% East Asia 1 7% South Asia - - 1513 Oceania -1 -1% Southeast Asia -6 -9% TOTAL 15 5%
COUNTRY (REGION) 2018 2018 Mainland China 25 40% Philippines 3 30% New Caledonia 2 - PNG 1 - Japan 1 8% New Zealand 1 33% Bangladesh 1 - Singapore - - Taiwan - - South Korea - - Macau -1 -33% India -1 -2% Indonesia -3 -23% Hong Kong -3 -25% 4 3 Thailand -3 -19% 20% 24% Malaysia -3 -20% New Zealand Australia -5 -7% 34 TOTAL 15 5% NOTE (1): Fleet distribution is based on business jets in service and their active base of operation.
SUMMER 2018 CHARTER REPORT | 5 MARKET OVERVIEW
Charter Fleet by OEM Charter Fleet by Size Category
Airbus 3 (1%) Others 10 (3%) Corp. Airliner 14 (4%)
Boeing 10 (3%) Bombardier 79 (25%) Very Light 18 (6%) Large 94 (30%)
Embraer 26 (8%)
Hawker 29 (9%) Mid-Size 57 (18%) 311 311 Dassault 36 (12%) Gulfstream 57 27(19%) Cessna+2018119831+G 61 (20%) Long-Range 58 30(19%) Light+22191865+G 70 (23%)
he Asia-Pacific business jet charter market has witnessed a rise of around 5% — from a total of 296 jets dedicated 2018 Charter Fleet Additions T for charter in 2016 to 311 in 2018. The two-year term saw and Deductions an increase of 84, which was offset by a decrease of 69; a final net increase of 15 jets to the charter fleet. Of the additions, two were brand new additions and were delivered into service in either 2017 +57 or 2018, 25 aircraft were pre-owned additions delivered into the regional market and 57 aircraft were previously based in the region +25 -37 but saw a change in mission to charter. Of the deductions, 37 were 311 296 +2 -32 due to a change in mission from charter, 19 aircraft were pre-owned deductions and were removed from the region and 13 retired.
A further breakdown by size category presents a better picture of the individual popularity of the charter fleet by size category. Of the 27 new deliveries and pre-owned additions, 12 were large-size, followed by long-range and mid-size with six and four, respectively. Fleet 2018 13 mid-size aircraft, out of a total of 32, were sold or retired from the Fleet 2016 retired for charter Changed aircraft for charter Sold, relocated or Brand newfor charter aircraftPre-owned aircraft No longer available Asia-Pacific market between 2016 and 2018. mission to charter
Considering the change of mission, long-range and large-size aircraft experienced an increased popularity within the two-year term and saw a net change in aircraft dedicated for charter mission Considering the total fleet in the region, the most popular charter by 6 and 9, respectively. size is the large-size aircraft, with 94, closely followed by light and long-range aircraft, with 70 and 58, respectively. With 80 charter jets Overall, the large-size category saw the greatest increase in fleet - in operation throughout the region, Bombardier takes the crown for by 16 aircraft, whereas the mid-size category saw a net decrease in the most popular OEM. charter fleet by four.
6 | SUMMER 2018 CHARTER REPORT MARKET OVERVIEW
Charter Fleet by Base Country (Region) and Size Category
87 65 59
13 13 13 13 12 10 9 88+67+59+13+13+13+13+12+10+9+4+4+3+2+2+1+14 4 3 2 2 1 1 Mainland China Australia India Singapore Philippines Japan Thailand Malaysia Indonesia Hong Kong Taiwan Zealand New South Korea Macau Caledonia New Bangladesh PNG
Corp. Airliner 7 2 1 1 1 1 1 14 Large 42 11 24 1 2 3 6 2 1 1 1 94 Light 2 28 13 2 7 4 3 6 1 1 2 1 70 Long-Range 21 4 5 6 7 2 2 6 2 2 1 58 Mid-Size 15 10 11 4 4 1 7 1 3 1 57 Very Light 12 4 1 1 18 Total 87 65 59 13 13 13 13 12 10 9 4 4 3 2 2 1 1 311
Charter Fleet Movements by Size Category
Brand New or Pre-owned Aircraft Addition Sold, Relocated or Retired Became Available for Charter No Longer Available for Charter
FLEET CHANGE 12
6 4 2 3
-1 -1 -4 -8 -5
-13 MISSION CHANGE
16 18
12 7 3 1
-3 -3
-10 -9 -12
Corp. Airliner Long-Range Large Mid-Size Light Very Light +1 +4 +16 -5 -1 -
SUMMER 2018 CHARTER REPORT | 7 MARKET OVERVIEW
Summary – Aircraft Models by Base Country (Region) 87 59 13 4 MAINLAND CHINA INDIA THAILAND TAIWAN
13 G550 9 Falcon 2000/EX EASy 3 G200 1 1Legacy 600 13 G450 5 Citation CJ2/+ 2 Hawker 800/XP 1 1Hawker 400XP 11 Challenger 850 5 Citation Excel/XLS/+ 1 Premier I 1 1G550 7 Legacy 650 4 Falcon 2000LX 1 Citation Bravo 1 1Global 5000 6 BBJ 3 Hawker 850XP 1 G-V 6 Challenger 605 3 Premier I/IA 1 Citation Mustang 6 Falcon 7X 3 Legacy 650 1 Hawker 850XP 5 Hawker 800/XP 2 Challenger 605 1 Citation X 4 Challenger 300 2 Hawker 800XP/XPI 1 Citation CJ3 3 G200 2 Challenger 300/350 1 Falcon 7X 4 2 CRJ200 2 Citation II NEW ZEALAND 1 Citation Excel 2 Challenger 604 1 Global Express XRS 2 Falcon 900EX EASy 1 Nextant 400XTi 1 Global 5000 1 ACJ319 1 Falcon 2000LX 1 Hawker 900XP 1 CRJ100 13 1 Citation Mustang 1 Falcon 2000EX EASy 1 Citation Mustang 1 Citation Sovereign 1 Phenom 300 1 G150 PHILIPPINES 1 Learjet 60XR 1 Phenom 100 4 1 G280 1 G200 Learjet 31 2 1 Challenger 604 1 ERJ-135ER Hawker 800/XP 1 1 787-8 1 Global 5000 Challenger 600 1 1 Falcon 900LX 1 Hawker 900XP Challenger 300 3 1 1 Global 6000 Learjet 40 1 1 Lineage 1000 Citation XLS+ SOUTH KOREA 1 1 Westwind 2 Global Express 1 BBJ 1 1 G150 Falcon 7X 1 Global Express XRS 1 1 G-IV Global Express XRS 1 G650 65 1 Hawker 750 AUSTRALIA 13 9 Citation II/SII/Bravo JAPAN 2 5 Citation Mustang 4 Citation III/VII MACAU 12 3 G650 4 Citation 525/CJ1 2 Global 6000 3 Phenom 100 MALAYSIA 1 Falcon 2000LX 2 Citation Ultra/V 3 Challenger 604 1 ACJ319 2 Citation CJ2/+ 3 Citation Ultra 6 Westwind 1/2 2 G650 ER 2 Challenger 600/601 2 G450 1 ACJ318 2 Global Express XRS 1 Global Express XRS 1 Citation Sovereign 2 Citation CJ2 1 Falcon 7X 2 Learjet 45 1 Challenger 601 2 Falcon 20F-5 1 Challenger 300 2 2 Falcon 50 2 Westwind 2 NEW CALEDONIA 2 Citation Sovereign 9 1 Citation CJ4 2 Falcon 900C HONGKONG 1 Citation CJ2+ 1 Citation X 1 Learjet 60 4 Global 5000 1 Learjet 35 1 Global 6000 1 G-IV 1 G550 1 Citation Encore+ 13 1 G300 1 Global 6000 SINGAPORE 1 BBJ 1 Learjet 31 1 G450 1 1 Global Express 2 Learjet 60 1 Citation I/SP 2 G550 BANGLADESH 1 Falcon 2000 2 G150 Falcon 7X 1 Legacy 600 2 Global 6000 1 1 Hawker 400A 1 Global 5000 1 Phenom 300 1 Challenger 650 10 1 Hawker 800XPI 1 Legacy 600 INDONESIA 1 G450 1 Learjet 35 1 Hawker 850XP 1 Learjet 45 3 Legacy 600 3 Hawker 900XP 1 2 Legacy 650 1 BBJ PNG 1 G-IV-SP 1 Citation CJ3
8 | SUMMER 2018 CHARTER REPORT MARKET OVERVIEW
Summary – Aircraft Models by Registration 80 59 12 24 MAINLAND INDIA (VT-) THAILAND (HS-) OTHER
CHINA (B-) 9 Falcon 2000/EX EASy 3 G200 REGIONS Citation CJ2/+ 2 Hawker 800/XP 13 G550 5 Citation Excel/XLS/+ 1 Premier I 12 G450 5 BERMUDA Falcon 2000LX 1 G-V 11 Challenger 850 4 (VP-B/VQ-B) Hawker 850XP 1 Citation Mustang 7 Legacy 650 3 Premier I/IA 1 Hawker 850XP 6 Challenger 605 3 1 Global 5000 Legacy 650 1 Citation X 6 Falcon 7X 3 1 Legacy 600 Challenger 605 1 Citation Bravo 4 Hawker 800XP 2 Hawker 800XP/XPI 1 Citation CJ3 4 BBJ 2 Challenger 300/350 SOUTH KOREA (HL) 3 Challenger 300 2 Citation II 3 G200 2 1 BBJ Challenger 604 2 CRJ200 2 1 Global Express XRS Falcon 900EX EASy 1 Global Express XRS 2 1 G650 ACJ319 1 Phenom 300 1 8 CRJ100 1 Learjet 60XR 1 FRANCE (F-) Citation Mustang INDONESIA (PK-) 1 Hawker 900XP 1 G150 1 Citation CJ2+ 1 G280 1 Phenom 100 3 Hawker 900XP 1 Hawker 800XP 1 Falcon 2000EX EASy 1 G200 2 Legacy 650 1 Citation CJ4 1 Challenger 604 1 ERJ-135ER 2 Legacy 600 1 Citation Excel 1 Global 5000 1 G-IV-SP 1 Falcon 900LX 1 GUERNSEY (2-) 1 Hawker 900XP 1 787-8 1 Global 6000 1 G300 1 Lineage 1000 1 BBJ 1 Global Express 1 Falcon 7X 6 MALTA (9H-) 1 Global Express XRS JAPAN (JA) 1 Hawker 750 2 Global 6000 2 Citation V 1 Challenger 650 2 Citation CJ2+ 76 1 Challenger 300 CAYMAN ISLANDS AUSTRALIA (VH-) 1 Citation Sovereign (VP-C) 9 Citation II/SII/Bravo 6 Westwind 1/2 17 1 Global 5000 5 Citation Mustang 4 Citation 525/CJ1 UNITED STATES (N) DENMARK (OY-) 4 Citation III/VII 6 3 Learjet 60 3 Global 6000 HONG KONG 2 Falcon 7X 3 Learjet 45 3 G650 3 Challenger 604 3 BBJ (B-H/B-K/B-L) LUXEMBOURG (LX-) 3 Phenom 100 2 G550 3 G450 1 Global 5000 3 Citation Ultra 2 G650 ER 2 Global Express XRS 1 ACJ319 2 Falcon 20F-5 1 ACJ318 1 Global 5000 2 Citation Sovereign 1 Westwind 2 2 Learjet 35 1 Challenger 605 SAN MARINO 2 Falcon 900C 1 G450 (T7-) 2 Citation CJ2 1 Global 5000 2 Challenger 600/601 2 Falcon 50 4 2 Global Express XRS TAIWAN (B-) UNITED ARAB 2 G150 EMIRATES (A6-) 1 G-IV 1 Legacy 600 1 Legacy 600 1 Hawker 400XP 1 Legacy 600 14 1 G550 1 Citation X 1 Global 6000 PHILIPPINES (RP-C) 1 Global 5000 PAPUA NEW 1 Phenom 300 GUINEA (P2-) 1 Global Express 4 Learjet 31 1 Citation Encore+ 2 Hawker 800/XP 1 Citation CJ3 1 Citation I/SP 2 Westwind 1/2 1 Falcon 2000 1 Citation XLS+ 4 MALAYSIA (9M-) 1 Hawker 400A 1 Challenger 600 NEW ZEALAND 1 Challenger 300/350 1 G450 1 Learjet 40 1 Hawker 800/XPI 1 Challenger 300 (ZK-) ISLE OF MAN (M-) 1 G550 1 G150 1 Hawker 850XP 1 G-IV 1 Nextant 400XTi 1 Falcon 7X 1 Learjet 31 1 Falcon 2000LX 1 Citation Mustang MACAU (B-M) 1 Citation Sovereign 1 Falcon 2000LX
SUMMER 2018 CHARTER REPORT | 9 MARKET OVERVIEW
Asia Pacific Top Charter Operators by Model
HAWKER 800/XP/XPI (4) 19 Deer Jet G550 (8) BBJ (4) G450 (2) Falcon 7X (1)
Falcon 2000 (4) Citation II (2) CRJ 100 (1) 8 Club One Air Citation Excel (1)
Australian Corporate Challenger Citation Hawker Citation 600 (1) Ultra (1) 850XP (1) Sovereign (1) 7 Jet Centres
Global Challenger Citation Express (1) 604 (1) I/SP (1)
Citation III/ Citation Citation Mustang (4) VI/VII (2) Ultra (1) 7 Flight Options
Reliance Falcon 900EX Commercial EASy (2) ERJ-135ER (1) ACJ319 (1) 7 Dealers Ltd. Global Global Express Global Express (1) XRS (1) 6000 (1)
Revesco Challenger Phenom 100 (3) 600/601 (1) 6 Aviation Phenom Citation 300 (1) Bravo (1)
Asian Learjet 31 (4) G-IV (1) 6 Aerospace
G150 (1)
Executive 6 Jet Asia Westwind 1/2 (6)
Challenger G450 (2) 605 (1) 5 BAA
Legacy Falcon 7X (1) 650 (1)
Global Jet Global Express Hawker Top Charter Models of Each Size Category XRS (2) 400A (1) 5 International 9 2 1 1 1 Challenger Citation VII (1) CORP. 604 (1) AIRLINER BBJ ACJ319 787-8 Lineage ACJ318 1000 Challenger 850 (3) CRJ200 (2) 5 Jiangsu Jet 17 10 8 6 6 LONG- RANGE Global Global Global G550 Falcon 7X 5000 6000 Express XRS
G200 (1) G-V (1) Citation X (1) 5 MJets 17 12 11 11 8 LARGE Citation CJ3 (1) Citation Falcon 2000/ G450 Legacy 650 Challenger Challenger Bravo (1) 850 EX EASy 605
Pacific Flight G150 (2) Learjet 45 (1) 12 8 7 5 5 5 Services MID-SIZE Hawker Challenger G200 Hawker Hawker Learjet 35 (1) G550 (1) 800/XP/XPI 300/350 900XP 850XP 12 10 9 7 5 G650/ER (3) LIGHT 5 Phenix Jet Citation II/ Citation Westwind Citation Excel/ Citation SII/Bravo CJ2/+ 1/2 XLS/+ Ultra/V Global 6000 (2) 8 4 4 2 VERY LIGHT Citation Citation Global 5000 (2) Global Express XRS (1) Phenom 100 Premier I/IA 5 TAG Aviation Mustang 525/CJ1
G450 (2)
10 | SUMMER 2018 CHARTER REPORT SUMMER 2018 CHARTER REPORT | 11
GJ_AD_OfficeSky-Platinum_A4.indd 1 6/07/2018 3:09 PM FACTORS IMPACTING
FACTORS IMPACTING CHARTER BY AIR CHARTER SERVICE
Over the course of the years, the business jet charter market has been met with increasing demand. Efficient and on-demand travel is a growing trend in the region and the emergence of membership schemes and bespoke charter packages has made the market easier and more accessible. Still, operators and brokers, alike, are faced with challenges of limited infrastructure and regulations; yet the market continues to be on the rise.
CURRENT MARKET The market is buoyant and year on year we are seeing a greater demand for private jet charter. Last year there was an increase Last year there was in Air Charter Service’s flight numbers by 25% and this year the figures are suggesting a continued upward trend. an increase in Air The general feel of the market is a positive one. As brokers, Air Charter Service’s flight Charter Service, ideally needs more aircraft in the region that are Part 135 and freely available for charter. There currently seems numbers by 25%. to be a pattern of aircraft leaving the region, being sold off or companies consolidating, which may suggest otherwise. There is no doubt, though, that the demand for charter is growing. We just need the infrastructure in the region to catch up. Hopefully, with this increase in competition the pricing will start to become more in line with Europe or the US where it is more affordable.
TIMING Throughout the year there are spikes in utilization of charter, however the pattern is less apparent than in other parts of the world. This could be down to the more moderate climate here in Asia so a little less obvious then other parts of the world plus a large percentage of trips are for business purposes.
Periods around major events, such as Art Basel in Hong Kong or the Singapore Grand Prix see increased activity in the region, plus
12 | SUMMER 2018 CHARTER REPORT FACTORS IMPACTING
the many summits and regional ASEAN meetings. The festive season is always busy around Christmas and Chinese New Year and other public holidays. With it also being the European winter, we do see other ACS offices enquiring more for trips in the Asia- Pacific region. Similarly, as the European summer approaches we do find lots of clients travelling to Europe for their holidays, typically France or Italy.
DESTINATIONS Macau is now back on the map with its diversification away from purely gambling. The SAR’s anti-corruption policy has, to a degree, re-corrected the market. Manila is another high-roller hotspot, with The private jet charter multiple casinos attracting players. market in Asia is still in The Fortune 500 companies and other multinational companies make up a large percentage of private jet charter within Asia its infancy with plenty travelling to major hubs conducting business. Private Jet charter for business really comes into its own when there is a of room for growth. tight schedule and multiple cities have to be visited in a short space of time. The countries where generally there are no aircraft available for Singapore is becoming a good springboard with an increasing charter, such as Myanmar, Cambodia, Laos and Vietnam, are all number of our European and American clients flying in on very private jet friendly. Myanmar takes a bit longer to get permits commercial and connecting with private jets, especially when and permissions, however, the others can be obtained quickly and travelling to the remoter parts of Indonesia. often in a matter of hours.
OPERATIONAL RESTRICTIONS FUTURE OF CHARTER Where does one start with the restrictions in Asia? Infrastructure, The future is bright for private jet charter; you only have to look airspace limitations and endless regulations are among the at the number of millionaires and billionaires in China alone. The challenges faced in this region. This is where an operator or private jet charter market in Asia is still in its infancy with plenty broker can really add value and a reason why, in its current of room for growth. Hopefully, with the easing of restrictions, red state, pricing apps and newer technology are of no major threat. tape and improved infrastructure we can see private jet movement Experience counts for everything in Asia and there are seemingly becoming less challenging and more affordable. no simple trips.
SUMMER 2018 CHARTER REPORT | 13 REGULATIONS
Regulations and restrictions can have significant impacts on the efficiency and effectiveness of aircraft operations in the Asia Pacific. The following presents an overview of challenges related to business aircraft operations throughout the region.
hile flexibility and privacy are two major reasons clients of operating a charter flight in the country. The lead time for choose to charter a business jet, varying regulations can Southeast Asian countries generally ranges from one to three W significantly lower such flexibility and increase costs. business working days. Indonesia, which is infamous for its highly- regulated business aviation market, has the longest lead time in Restrictions are often placed on airport ramp parking, landing and Southeast Asia with a minimum of five business working days to take-off permits, overflight permits and cabotage for commercial process permits. Countries like India can take up to seven days in (charter) flights. Often long delays in obtaining required flight some cases. permits in Southeast Asian countries cannot be avoided. Overall, the time for obtaining permits can vary depending on how well Cabotage – the restriction imposed on foreign-registered aircraft connected an operator’s flight operation department and in- to commercially carry passengers to and from locations within country ground handler are. Additionally, many countries require the same country – can significantly lower operational flexibility a sponsor letter from a locally-based sponsor, in order to approve for business jet charter operators. Most countries — with required flight permits. Mainland China being one of the main exceptions — do not allow commercial cabotage, however, China's operating rules for aircraft Normally, domestic- and foreign-registered aircraft are treated with less than 30 seats unofficially allow for such practices, with a differently, with the latter facing more operating restrictions. limit of six flight legs including entry and exit, once the proper flight Foreign-registered aircraft parking restrictions are usually related clearance and sponsor letters have been processed. Cabotage-like to the airport’s hangar availability, as well as usage of the airport, restrictions exist in other countries around the region, as well. For whether commercial or general. Airports that are merely for example, Thailand’s cabotage rule applies to private flights, Taiwan commercial-use do not, typically, accommodate business jets accommodates flights in and out with the same passengers, and for overnight parking, for instance, Soekarno-Hatta International several other countries restrict picking up a local passenger and airport in Jakarta and Suvarnabhumi airport in Bangkok. flying them out of the country.
Lead time of permit applications affects the flexibility of a charter operation. The longer the lead time, the lower the flexibility
14 | SUMMER 2018 CHARTER REPORT REGULATIONS
AUSTRALIA MAINLAND CHINA Compared to other countries in the Asia Pacific, Australia has Applying for a charter flight permit in Mainland China requires a unique charter permit requirements: a formal Charter Permission in lead time of three to seven working days and a sponsor letter. The Australia is required, instead of a landing permit. Permit application cabotage rule in China is not strictly imposed, with charter flights lead time is five business working days and an operator can only being allowed to travel up to five locations in China. For charter conduct eight non-scheduled flights in a 12-month period. There is flights travelling to domestic-only airports, two sponsor letters are a cabotage rule in Australia, however, there are often exemptions, required. Parking restrictions are imposed on a few airports. For if requests are made to the country’s civil aviation authority. Still, instance, the Beijing Capital Airport limits the maximum group time some airports have curfew hours limiting the operations. to 24 hours only.
HONG KONG MALAYSIA Hong Kong faces tight hangar and ramp parking availability, Malaysia has relatively relaxed regulations towards the business leaving lead times to range from a minimum of 24 hours up to aviation industry, with no sponsor letter requirement for charter 30 days prior to the estimated time of arrival. Apart from the flights flying into the country. Despite its less restricted nature, a standard landing permit, a sponsor letter is required for charter cabotage rule still applies to charter flights operating in Malaysia. flights into the city. In addition, due to environmental noise issues Lead time for permit application is three business working days surrounding the residential area near the Hong Kong International and business jets are allowed to land at most of the country’s Airport, airport departure and arrival slots are partially restricted for domestic airports. business jets from 10pm to 7am the next day.
INDIA PHILIPPINES Aircraft parking is generaly available at most airports in India, The Philippines’ Ninoy Aquino International Airport in Manila however, there are different parking restrictions, such as 72- faces a critical slot shortage, as such business aviation aircraft hour limited parking at Mumbai airport. Lead time for permit are accommodated only minimally. Both landing permits and a applications in India varies from three days for most of the sponsor letter are required for charter flight and the cabotage rule charter flights to seven days, when a charter flight arrives from is applied on charter operations. Since most airports in the country a Prior Preference Country (PRC), such as China and Pakistan. are domestic-only, extra attention and checking are needed before The cabotage rule is implemented in India. Sponsor letter is not a starting charter operations in this island country. requirement for permit application, yet it is recommended.
INDONESIA SINGAPORE Except Soekarno-Hatta International Airport in Jakarta, which does While Changi International Airport is restrictive toward business not provide overnight parking, other major international airports jets, permitting a maximum ground time of 48 hours, Seletar in Indonesia typically have no parking issues. A sponsor letter is Airport is more accommodating with dedicated business jet required for charter flight entering Indonesia, with a lead time of operations. A sponsor letter is not mandatory but the cabotage five to seven business days. Domestic charter flights are under rule is applicable to the charter operations. Lead time ranges from more restrictive measures, while a positioning flight is allowed three business days for the air operation permit application to one to pick up passengers and fly out internationally. With a highly- working day for the air transport permit application. regulated business aviation nature, charter flights in Indonesia face route/airport limitation and a strict cabotage rule.
JAPAN THAILAND Some airports in Japan have limitations on the length of parking Many of the islands and cities in Thailand do not allow overnight time, which ranges from 10 days to 30 days. Additionally, some parking, while the remaining have maximum ground time limits, airports have prohibited parking during winter. Lead time for ranging from three to 48 hours. A sponsor letter is not required permit application varies from 90 minutes to 14 days, depending but there is a cabotage rule and route/airport limitation. Permit on the arrival airport, scale and purpose of the charter trip. There application lead time is three business working days. is no cabotage rule in japan, but no additional passengers can be boarded for domestic flight legs. Moreover, there is a strict curfew restriction at New Chitose Airport in Hokkaido for India, Greater China and Russia registered flights, for security purposes.
SUMMER 2018 CHARTER REPORT | 15 AIRCRAFT MODEL POSITIONING
Asia-Pacific Region Estimated Hourly Charter Rate vs. Cabin Size
15,000
BBJ 14,500
Corp. Airliner 14,000 ACJ318 Long-Range 13,500 Large
13,000 Mid-Size
Light 12,500 Very Light 12,000
11,500
11,000
GLOBAL EXPRESS XRS 10,500 G550 G650 FALCON 7X 10,000
9,500 GLOBAL 5000
9,000
8,500 FALCON 900LX G-V G450 8,000 CHALLENGER 605 LEGACY 650 CHALLENGER 850 G280 LEGACY 600 7,500 G-IV / IV-SP CHALLENGER 300 / 350 7,000
ESTIMATED AVERAGE HOURLY PRICE (USD/HR) HOURLY AVERAGE ESTIMATED 6,500 CITATION SOVEREIGN 6,000 G200 CITATION X 5,500 FALCON 2000EX
HAWKER 400XP CHALLENGER 604 5,000 LEARJET 60 / XR 4,500 HAWKER 900XP FALCON 2000LX LEARJET 40 / 45 CITATION CJ3 4,000 PHENOM 300 HAWKER 800 / XP / XPI LEARJET 31 3,500 CITATION CJ2 / + CITATION EXCEL / XLS / +
3,000 CITATION MUSTANG CITATION ULTRA / V
2,500 PHENOM 100 PREMIER I / IA HAWKER 750 2,000
1,500
1,000 600 800 200 400 100 4,800 5,600 6,400 8,000 1,200 1,600 2,400 3,200 4,000
CABIN SIZE (ft3) NOTE: • Logarithmic scales are applied to aircraft cabin size and max range. • The estimated aircraft charter rate is based on the average hourly rate of the charter fleet in Asia Pacific, actual aircraft hourly rate may be different based on aircraft’s condition. • The estimated hourly rate does not include airport charges, handling fee, tax or other service fees.
16 | SUMMER 2018 CHARTER REPORT AIRCRAFT MODEL POSITIONING
Asia-Pacific Region Estimated Hourly Charter Rate vs. Max Range
15,000
BBJ 14,500 Corp. Airliner ACJ318 14,000 Long-Range
13,500 Large
13,000 Mid-Size
Light 12,500 Very Light 12,000
11,500
11,000 G550 GLOBAL EXPRESS XRS 10,500 G650 FALCON 7X 10,000
9,500 GLOBAL 5000
9,000
8,500 G450 CHALLENGER 605 G-V 8,000 LEGACY 650 G280 FALCON 900LX CHALLENGER 850 7,500 LEGACY 600 CHALLENGER 300 / 350 7,000
6,500 CITATION SOVEREIGN 6,000 G200
ESTIMATED AVERAGE HOURLY PRICE (USD/HR) HOURLY AVERAGE ESTIMATED 5,500 CITATION X FALCON 2000EX
5,000 HAWKER 400XP CHALLENGER 604
LEARJET 60 / XR 4,500 HAWKER 900XP FALCON 2000LX LEARJET 40 / 45 4,000 CITATION CJ3 PHENOM 300 HAWKER 800 / XP / XPI 3,500 LEARJET 31 CITATION CJ2/+ CITATION EXCEL / XLS / + 3,000 CITATION ULTRA / V 2,500 CITATION MUSTANG PREMIER I / IA PHENOM 100 2,000 HAWKER 750
1,500
1,000
500
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 5,000 6,000 7,000 8,000
MAX RANGE (N.M.) NOTE: • Logarithmic scales are applied to aircraft cabin size and max range. • The estimated aircraft charter rate is based on the average hourly rate of the charter fleet in Asia Pacific, actual aircraft hourly rate may be different based on aircraft’s condition. • The estimated hourly rate does not include airport charges, handling fee, tax or other service fees.
SUMMER 2018 CHARTER REPORT | 17 COMMITMENT TO CUSTOMER SERVICE INTERVIEW WITH AIR CHARTER SERVICE Interview by Litalia Yoakum
Customer service and exceeding expectations have been at the core of Air Charter Service’s foundation, since the company’s inception in 1990. Crossing oceans and opening in new markets, the company continues to reach new heights, all while maintaining its original values. In 2008, the UK-based brokerage firm expanded its presence into the Asia Pacific with an office in Hong Kong. 10 years later, Air Charter Service now has regional offices in Sydney and Beijing, with plans to expand its China operations scheduled for this year.
WHAT IS THE HISTORY BEHIND AIR CHARTER Focusing on the APAC region, we have had our presence in SERVICE? Hong Kong since 2008 and at that time we only consisted of a cargo charter division and a private charter division. Our Beijing Air Charter Service (ACS) was formed in 1990 by Chairman Chris and Sydney offices opened in 2012 and 2016, respectively, to Leach and CEO Justin Bowman in a basement. At that time in the cope with the growing charter demand of these markets. For UK, aircraft charter marketing was saturated but Chris believed now, all three offices, with the combined workforce of more than that there was space for another aircraft charter company that 40 charter experts, serve passenger and cargo charter (as well focused solely on exceptional service and building long-lasting as onboard courier) requests. relationships with its customers. He believed that if you went that extra mile for them then they would always come back and with that blueprint he would build a business, thus ACS was born. WHAT IS THE PROCESS OF BOOKING A CHARTER WITH ACS? Decades later, with a network of offices spanning North America, Booking private travel is quick and easy with us. There are five South America, Europe, Africa, CIS, Middle East, Australia and Asia, steps from the enquiry stage to the flight taking place: ACS has grown as a proud supplier to thousands of clients worldwide. 1. The Enquiry: Whether you reach us by a call, an email or an We are now a global company with 22 worldwide offices, spanning online enquiry form from our website, clients will be assigned all six major continents and we offer private jet, commercial airliner a personal account manager, who is available 24/7, to handle and cargo aircraft charters, as well as onboard courier solutions. all enquiries. The first thing he/she will need to know is the Globally, we arrange almost 15,000 contracts annually with preferred start and end date and destinations. This is not revenue of close to 700 million dollars, and we now employ more necessarily the exact airport, but the actual destinations, than 450 staff worldwide. as the personal account manager may know an airport or
18 | SUMMER 2018 CHARTER REPORT AIR CHARTER SERVICE
landing spot better suited to each client’s requirements. Secondly, we will need to know who is travelling and why. We will take this into account when choosing your aircraft and airports. At this point, we will also discuss any other key requirements for the trip. For example, we can ensure multimedia options are sufficient, or that we offer aircraft that allow pets to be by their owner’s side in the cabin.
2. The Options: As soon as we have all the required information above, we will identify which types of aircraft are best-suited to the route and schedule and contact the relevant operators for availability. Rest assured the personal account manager won’t bombard clients with hundreds of identical aircrafts to choose from, he/she only provides the most suitable flight options, matching your exact requirements. We can be on hand 3. The Booking: When everyone is ready to go ahead we will reconfirm the chosen aircraft availability and send a booking every step of the way, request form to complete. Once returned to us, we will secure the aircraft and the operational planning process will begin. at the terminal and on A charter itinerary will then be received, with all the key details needed for the journey, including departure terminal board if necessary information, flight times and contact numbers for the crew. Where required, passenger passport details will be requested At ACS, we take pride in our stringent company procedures, before the flight which will be submitted to the relevant employing a dedicated safety and compliance department. We customs authorities. are proud to say that we are a Wyvern Authorized Broker, part of the sister Pilot & Aircraft Safety Survey program for several 4. The Finer Details: This is also the stage where clients can years, as well as being a member of several international air take advantage of the bespoke extra touches, like gourmet charter associations globally, ensuring that safety is always at the meals sourced from a favourite restaurant, preferred wines or forefront of our mind. whisky, or even customize parts of the aircraft interior if the client is flying as part of a special occasion.
5. The Flight: We can be on hand every step of the way, at the WHAT ARE THE PLANS OF ACS FOR CHINA? terminal and on board if necessary to ensure that the flight We moved to larger premises in Beijing in May 2018 to enable goes as smoothly as possible. the next step in our plans for expansion. Ten years ago, it was still a novelty for people to use a business jet, but today it's really WHAT CHARTER PRODUCTS ARE OFFERED TO ACS starting to become a part of everyday life for hundreds of people. It's also much easier to operate an aircraft in China today than CLIENTS AND WHAT ARE THE BENEFITS? it was 10 years ago due, in part, to the gradual liberalization of We have our private jet card, Empyrean Card, offering cardholders airspace. With more than one million millionaires in China and the the ability to fly to and from anywhere in the world that is accessible government’s plans to increase the number of airports from 220 to by private air charter. Dependent upon the chosen account option, 260 by the end of 2020, all these pointed to a favorable private jet funds deposited are held in a separate, third-party bank account, market environment. providing assurance that the investment is 100% safe at all times. Meanwhile, our cargo operation has also gone from strength to To complement the private aircraft charter, we also have our very strength – we doubled the size of our cargo team and saw triple- own dedicated Travel & Concierge service. Our dedicated Concierge digit growth in charter numbers last year. provides a range of specially curated lifestyle services – from private art gallery viewings and VIP opera tickets, to yacht charters and ski We have ambitious expansion plans in China and in this new office chalets. With personalized service throughout, we’ll work around the we now have the space to triple the team size in the coming years. clock to ensure your trip runs smoothly, leaving you to get on with enjoying it all. WHAT DOES THE FUTURE HOLD FOR ACS THROUGHOUT THE ASIA-PACIFIC REGION? HOW DOES ACS SET ITSELF APART FROM THE With our stronger and stronger broker teams for all the divisions, GROWING NUMBER OF CHARTER BROKERS? as well seeing the APAC market gaining the knowledge of aircraft We invest heavily in training our charter experts. Our brokers chartering and understanding of the needs of chartering, ACS are specialists in all aspects of air chartering. All of our expert will continue to expand our network of offices to more cities and account managers undergo extensive training and have first-hand countries in the region in the near future. experience managing charters from start to finish, ensuring they www.aircharter.com.hk deliver only the highest levels of service.
SUMMER 2018 CHARTER REPORT | 19 CHARTER DEMAND
Asia Pacific has continued to be an important driver of the world’s on a scheduled flight, they often travel as first class or business economic development, accounting for over one third of the global class passengers. It is likely that an UHNW either already owns a growth in 2017, according to the World Bank. At the same time, the business jet or is connected to someone who owns a business jet. airline industry has also reported continued growth in the region. Traffic data from the Association of Asia Pacific Airlines reflects a The third type of jet charter user is the government. Government 9.3% y-o-y increase in the region’s international passengers carried officials often use business jet charter for domestic travel and by airlines in April 2018, with a total of 29.8 million international international diplomatic visits. On some occasions, royal families travelers. The increase in demand for private air travel is also may use charter services that are operated by a trusted domestic expected to expand. charter operator. These users value security and privacy above all else, and, additionally, benefit from the efficient travel provided by a Business jet charter has long been a preferred mode of non-scheduled charter flight. transportation for business travelers hoping to travel quickly and efficiently, in a private and secure environment. Popularity has gradually expanded to include high-end leisure tourists. Today, charter users can be categorized into three types: corporate, Views: Future Business Jet Usage private and government. In the Asia Pacific, the primary need for business jet charter continues to be for corporate use. Neutral Within the region, a migration of production facilities and factories popped up in countries around the region, including Vietnam, Cambodia, Myanmar, the Philippines, Bangladesh and Indonesia, Slightly Slightly as traditional manufacturing costs in China became less Pessimistic Optimistic economical. Infrastructure in these new manufacturing hubs was, and continues to be, scarce and unrefined; a minor inconvenience factory owners and corporations have come to accept in exchange for lower manufacturing costs. Thus, the benefit of globalization and the emergence of the Asia-Pacific consumer market Very Very Optimistic encouraged firms to expand their intra-pacific business, creating Pessimistic air travel demand.
Faced with various travel difficulties, such as lack of infrastructure and few scheduled flights, business jet charter has presented itself Asian Sky Group recently conducted a survey among operators as a means for corporates to reach various locations in a short in the Asia-Pacific region in December 2017. The operators were amount of time, avoiding delays and other costs often associated asked their sentiments regarding the future of business jet usage with commercial travel. in the region. More than half of the respondents replied positively, with 58% having an optimistic view. 35% of the respondents had a Sports teams, event organizers, and movie production groups are neutral opinion and said that they needed more time to analyze the also among the users in the corporate category. These clients market, whereas, only 6% had a pessimistic view. often value security and convenience, avoiding hassle in busy terminals and less interaction from overenthusiastic fans.
The second type of charter passenger is the private user. Private With an increasing pool of customers who are willing and users include Ultra-High-Net-Worth-Individuals (UHNWIs), capable to opt for charter services, in addition to the optimistic celebrities traveling for private purposes, and VVIP. This group views of the operators regarding the future of business jet values privacy, as well as security. UHNW customers are wealthy usage; charter demand seems to have a very promising future individuals with a net worth of US$30 million or above. When flying in the Asia-Pacific region.
20 | SUMMER 2018 CHARTER REPORT ASIA PACIFIC UHNWI POPULATION ANALYSIS UHNWI Population (+50M) Many private air travel industry experts have kept a close eye on the rapid growth of the HNWI and UHNWI populations; understanding that there is a direct correlation between HNWI and Australia 1,260 UHNWI growth and business jet charter demand. Mainland China 8,800 Over the past four years, the Asia-Pacific region has seen a dramatic increase in the population of individuals possessing a Hong Kong 5,140 worth of more than US$50 million in assets. As of 2017, there were India 2,920 around 37,000 individuals who belonged to this category. This number has grown by almost 5,000 within the past four years, Indonesia 1,160 representing an average annual growth of 16%.
Japan 9,960 The Asia-Pacific region has also witnessed a rise in the number of individuals worth over US$550 million in assets. By 2017, there Malaysia 310 were a total of 1,930 individuals belonging to this category. New Zealand 390 Taking solely the Asia Pacific into consideration — the operating challenges, strict cabotage rules and restrictions on charter Philippines 310 operators in certain countries pose some limitations on the growth of the charter market. Regardless, there have been strong signals Singapore 1,400 indicating the growth of the charter industry, with more HNWI and South Korea 2,610 UHNWI opting for private jet charter services. A key reason for the growing demand is the need for these individuals to save time and Taiwan 2,010 reduce the hassles of commercial air transport. With the means and the desire to do so, HNWI and UHNWI are propelling the Thailand 770 demand of the charter industry to newer heights.
UHNWI Population Growth (50M+) UHNWI Population Growth (50M+) by Region
2015 2016 2017
43,915 2018 19,257
37,040 15,950
32,350 18.5% 14,637 29,959 13,700 12,577 14.5% 12,570 11,230
10% 10,552 8,153 6,870 5,910 5,455 1,868 1,650 1,510 1,375
2014 2015 2016 2017 East Asia Greater China Oceania South East Asia
SOURCE: Knight Report and WealthX
SUMMER 2018 CHARTER REPORT | 21 POPULAR CHARTER FLIGHT ROUTES
Beijing
Seoul Tokyo 1
6 4 Shanghai
Macau Hong Kong
Sanya 2
10 Bangkok Manila 5 Saipan 9 8 3
Phuket
Malé
Subang 7 Singapore Sorong
Bali
Top 10 popular charter routes in Asia Pacific
Other popular charter routes in Asia Pacific
NOTE: • The popular charter flight routes in the above map include locations in the Asia-Pacific region only, excluding Australia, India and New Zealand. • The Popular Charter Airport table considers popular departure and arrival airports separately. The data in this table includes locations in the Asia-Pacific region only, excluding India. Popular Charter Airport
Location Departure - Airport IATA Location Arrival - Airport IATA
Mainland China Beijing Capital International PEK Mainland China Beijing Capital International PEK Hong Kong Hong Kong International HKG Hong Kong Hong Kong International HKG Singapore Singapore Seletar XSP Singapore Singapore Seletar XSP Macau Macau International MFM Thailand Don Mueang International DMK Maldives Malé (Ibrahim Nasir)/Velana International MLE Mainland China Shenzhen Bao’an International SZX Mainland China Shenzhen Bao’an International SZX Malaysia Kuala Lumpur/Sultan Abdul Aziz Shah/Subang SZB Malaysia Kuala Lumpur/Sultan Abdul Aziz Shah/Subang SZB Australia Sydney Kingsford Smith SYD Philippines Manila Ninoy Aquino International MNL Macau Macau International MFM
Australia Sydney Kingsford Smith SYD INCREASING POPULARITY Philippines Manila Ninoy Aquino International MNL Mainland China Hohhot Baita International HET Maldives Malé (Ibrahim Nasir)/Velana International MLE
22 | SUMMER 2018 CHARTER REPORT POPULAR CHARTER FLIGHT ROUTES
Top 10 Popular Charter Routes (Popularity from Highest to Lowest)
ROUTES PRICE RANGE DURATION/DISTANCE POPULAR MODELS Indicative Price in USD 1: Highest 3: Lowest
BEIJING 1hr 25mins 1: Challenger 605 1 2: Global Series SHANGHAI 28K - 38K 648nm 3: Gulfstream G450
MACAU 1hr 35mins 1: Global Series 2 2: Challenger 850 MANILA 38K - 57K 655nm 3: Gulfstream G450
SINGAPORE 3hrs 37mins 1: Falcon 2000LX 3 2: Challenger 605 HONG KONG 58K - 77K 1,529nm 3: Gulfstream G450
HONG KONG 2hrs 42mins 1: Gulfstream G450 4 2: Challenger 300 BEIJING 35K - 60K 1,133nm 3: Challenger 605
SUBANG 3hrs 42mins 1: Challenger 605 5 2: Global Series MACAU 40K - 68K 1,446nm 3: Challenger 850
HONG KONG 3hrs 38mins 1: Global Series 6 2: Challenger 850 TOKYO 65K - 76K 1,766nm 3: Challenger 605
SUBANG 45mins 1: Gulfstream G150 7 2: Gulfstream G550 SINGAPORE 16K - 28K 252nm 3: Challenger 300
BANGKOK 1hr 3mins 1: Hawker 850XP 8 2: Citation Jet 3/Bravo PHUKET 11K - 20K 401nm 3: Gulfstream G200
HONG KONG 5hrs 37mins 1: Challenger 605 9 2: Falcon 2000 MALÉ 85K - 95K 2,742nm 3: Global Series
HONG KONG 4hrs 40mins 1: Challenger 605 10 2: Global Series SAIPAN 75K - 82K 1,925nm 3: Gulfstream G450
NOTE: Duration of flight is calculated with the following assumptions: June wind, 0.8 Mach speed, and 500 lbs payload.
The Asia-Pacific region is dominated by charter flights having a The busiest charter route in the Asia Pacific is from Beijing to flight duration of less than five hours. Charter operators in the Shanghai (PEK-PVG) followed by Macau to Manila (MFM-MNL). region believe that passengers who plan on flying out of the Asia Charter package prices range depending on the availability, Pacific, and have a flight time of over seven hours, usually opt the aircraft model used, the nautical miles separating the for flying commercial first class and then utilizing local charter destinations and the airport specific operating costs. services at the destinations. This growing trend among the customers results in increasing popularity and demand for short The popularity of the airports may vary from season to season, range charter flights in the Asia-Pacific region. Unsurprisingly, nine with certain airports seeing an increase in activity due to out of the top ten busiest charter routes are short range flights, tourism spikes in certain seasons. Overall, Beijing Capital Airport with an average flight time of 2 hours 23 minutes. (PEK) ranks as the most popular charter airport.
SUMMER 2018 CHARTER REPORT | 23 EXPLORING CHARTER SERVICE INTERVIEW WITH MR. WANG JIANNING; FUNIAN AVIATION GENERAL MANAGER
Interview by Iris Zhou
Shenzhen Funian Business Aviation Co., Ltd. (Funian Aviation), subsidiary of Fantasia Culture Tourism Management Co., Ltd, began servicing the business aviation industry in 2016. In mid-2018, the company picked up its Part 135 certification and is now offering charter to the growing market in Mainland China. After recently acquiring its second Gulfstream G450, Funian Aviation is ready to provide customer-focused service through its exclusive travel itineraries and cost-effective membership packages.
WHEN DID FUNIAN AVIATION BEGIN ITS CHARTER WHAT MEMBERSHIP SCHEMES DOES FUNIAN PROGRAM? AVIATION OFFER?
We have been officially qualified for CCAR-135 operation since May As a provider of business and leisure trip solutions, we aim to 16th, 2018, which makes Funian Aviation eligible to offer charter bring professional charter service to HNWIs. Through our mother service. Our current fleet for charter consists of two self-owned company, Fantasia Culture Tourism Management Co. Ltd., Funian G450s. As one of the high-end business jet models, the G450 has Aviation is able to offer unique advantages in charter travel – been well received because of its comfort and safety in the charter providing exclusive and attractive travel itineraries. We have also market. With the addition of the G450s, we have devoted ourselves introduced a more resilient program – the Hour Card, which will to providing more alternatives for clients in areas throughout South be a more cost-effective option for clients who travel extensively. China, as well as in Hong Kong and Macau. Options will include a 50-hour or 100-hour package.
24 | SUMMER 2018 CHARTER REPORT WHERE AND WHEN DO FUNIAN AVIATION’S CLIENTS TRAVEL? We are now committed The hot spots long-loved by our clients and most Mainland China to establishing ourselves charterers include the metropolitan cites of Mainland China, such as Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu. as a brand, providing Along with holiday destinations, like Sanya, Haikou, Hong Kong, Singapore, Japan, South Korea, Thailand, Bali, Saipan and other expert and customer- leisure spots throughout the region. oriented charter service. Each year, the prime time of charter service falls during summer and winter, to be more specific, spanning from July to October and 4. Pre-departure – Prior to departing, we will assist the client, who December to February. Capitalizing on the traveling resources we just needs to reach the VIP lounge 30 minutes before take-off, already have, we are proactively seeking out new travel routes and with a swift and efficient departure. customizing our charter service to suit our client’s needs. 5. Arrival – Upon arrival, clients can expect to be picked up, if WHAT ARE SOME OF THE CHALLENGES OF needed. We will check in after landing to make sure the flight is smooth and all needs are catered to. This aspect of the DOMESTIC CHARTER OPERATORS? process is crucial to us, as understanding the needs and The challenge, in Mainland China, comes from the shortage of feedback of clients helps us to evolve and provide an even landing and parking slots and airports for business aviation. The better charter experience on the next journey. fact that there is a lack of slots at most airports in Mainland China leads to difficulty in applying for slots, according to our clients’ WHAT DOES FUNIAN AVIATION EXPECT FOR THE request. Limited parking during the day and overnight, often means transferring the business jet to another airport. Thus, there are FUTURE OF CHARTER SERVICE IN CHINA? higher operating costs, resulting in the rise of charter rate in the end. The growing prevalence and increasing number of clients have marked a new stage that aircraft charter service in China has WHAT IS THE PROCESS OF BOOKING A CHARTER stepped into, and meanwhile the client’s expectations are maturing, showing their presence in a more pragmatic and rational way. TRIP WITH FUNIAN AVIATION?
1. Initial enquiry – After getting the initial contact via e-mail or This segment of the market, after a few years in development, has phone call from the client, a contact person will help the been relatively transparent in terms of price of the service. Given client determine cost, depending on the flight destination and that clients, especially the new ones, are becoming more sensitive aircraft used; to the price, charter operators are required to offer more quality service to meet higher demands from a variety of clients. 2. Contract signing – We will enter into a contract with the client when he or she has confirmed the travel, followed by the Based in Shenzhen, Funian Aviation, along with the expansion of payment for the charter service. charter service in China, will catch up with the market trends while focusing on exploring business opportunities throughout South 3. Arrangement – Once a contract is signed and the aircraft is China, as well as Hong Kong and Macau. We are now committed to decided, we will focus on special client needs and try to take establishing ourselves as a brand, providing expert and customer- care of anything as much as we can from the catering onboard oriented charter service. and dietary needs to the transportation upon arrival. www.airfunian.com
SUMMER 2018 CHARTER REPORT | 25 87 MAINLAND 26+74+G CHINA
ainland China is the biggest market for business jet charter in Asia Pacific, with 87, of its total 339, aircraft in service. The market scale has experienced M over 40% growth in the past two years, overtaking India as the market leader. In terms of OEM, the majority of the charter fleet in Mainland China are Gulfstream (30, 35%) and Bombardier (27, 31%) aircraft. Gulfstream’s G550, G450 and the Bombardier Challenger 850 are the most
Charter Fleet by OEM Charter Fleet by Size Category
Hawker 6 (7%) Cessna 1 (1%) Corp. Airliner 7 (8%) Light 2 (3%)
Boeing 7 (8%) Mid-Size 15 (17%) Dassault 8 (9%) 87 87 Embraer 8 (9%) Gulfstream 30 (35%) Long-Range 21 (24%) Large 42 (48%) Bombardier 27 (31%)35+31987+1+G 48+25178+2+G Top Charter Operators by Model
G550 (8) Hawker 800XP (4) BBJ (4) Falcon 7X (1) 19 Deer Jet G450 (2) Challenger G450 (2) 605 (1) 5 BAA
Legacy 650 (1) Falcon 7X (1)
Challenger 850 (3) CRJ200 (2) 5 Jiangsu Jet Other Charter Operators Global Express Challenger 2 XRS (1) 604 (1) Reignwood 4 Lily Jet 2 Global Jet Concept Challenger Challenger 2 Star Jet 850 (1) 605 (1) 2 Astro Air Legacy 650 (3) G450 (1) 4 China Eastern 2 Hanhua Jet 2 Beijing City Int’l Jet 2 Sparkle Roll Jet
G450 (3) G550 (1) 2 Funian Aviation 4 Nanshan Jet 2 FreeSky Aviation 2 Allpoints Jet 1 Shenzhen United Jet Legacy 650 (3) G450 (1) 4 Sino Jet 1 Wanfeng Aviation 1 China Zhongfei GA 1 Hanergy Holding Group 4 Challenger 850 (4) 1 Beijing Airlines Apex Air 1 DeHong South Asian GA 1 Amber Aviation 1 Hongkong Jet G200 (2) 3 Mayboune Jet Falcon 7X (1) 1 TAG Aviation TOTAL 1 NetJets 1 Ordors GA 32 Challenger Challenger 1 Good Jet 3 Donghai Jet 300 (2) 605 (1)
26 | SUMMER 2018 CHARTER REPORT MAINLAND CHINA
Age Distribution by Model
CORP. AIRLINER 6 BBJ 1 1 1 2 1
1 787-8 1
LONG-RANGE 13 G550 3 1 1 3 3 2
6 Falcon 7X 1 1 1 2 1
1 Global Express XRS 1
1 Global 5000 1
LARGE 13 G450 1 5 3 2 2
11 Challenger 850 3 3 2 2 1
7 Legacy 650 1 2 1 2 1
6 Challenger 605 2 1 2 1
2 CRJ200 2
1 Falcon 900LX 1
1 Falcon 2000EX EASy 1
1 Challenger 604 1
MID-SIZE 5 Hawker 800XP 1 1 2 1
4 Challenger 300 4
3 G200 1 1 1
1 Hawker 900XP 1
1 Learjet 60XR 1
1 G280 1
LIGHT 1 Phenom 300 1
1 Citation Excel 1
Year of Manufacture 2000 2005 2010 2015
popular aircraft models used for charter service. Additionally, of the total business jet charter fleet. Still, most charter operators Boeing has six BBJs and one Boeing 787 served for charter; only operate one to two aircraft. The majority of the charter fleet Dassault Falcon has six Falcon 7Xs available for charter. Over 70% entered service within the past 10 years, while the average age of of the charter fleet are large and long-range aircraft, reflecting the the charter fleet is nine years. preference of charter users in Mainland China.
Deer Jet, with 19 aircraft available for charter, ranks as the top charter operator on the market. BAA operates six charter aircraft, while new charter operator – Jiangsu Jet, operates five charter aircraft. The top 10 operators in Mainland China account for 64%
SUMMER 2018 CHARTER REPORT | 27 3765 +63+G AUSTRALIA
he Australian business jet charter market is the second largest in the Asia- Pacific region, next only to Mainland China, with 65, of its nearly 200 business T jets available for charter. The demand for charter is primarily for travel within the country, with 43% of the charter fleet belonging to the light sized category. Cessna and Bombardier are the top charter jet OEMs and have a charter fleet of 32 and 14 aircraft, respectively.
Tourism, one of the major industries in Australia, is the main driving force for the rise in the charter market. The untamed and unspoiled wilderness proves to be the major tourist attractions in the region. However, climate change and global warming are already and will continue having an adverse effect on these attractions. The shortening of the seasons and rise in temperatures of ocean waters are having a detrimental effect on ski and coastal tourism, which ultimately reduces the number of tourists and therein the demand for tourist-charter.
Charter Fleet by OEM Charter Fleet by Size Category
IAI 2 (3%) Gulfstream 2 (3%) Long-Range 4 (6%)
Hawker 3 (5%)
Embraer 5 (8%) Mid-Size 10 (15%) Light 28 (43%) Dassault 7 (11%) 65 65 Bombardier 14 (21%) Cessna 32 (49%) Large 11 (17%) 46+2511843+3+G 42+1715+9+G Very Light 12 (19%) Top Charter Operators by Model
Australian Challenger Citation Hawker Citation Corporate 600 (1) Ultra (1) 850XP (1) Sovereign (1) Citation SII (2) Citation CJ2 (1) 7 Jet Centres 4 Machjet Int’l Global Challenger Citation Citation 525 (1) Express (1) 604 (1) I/SP (1) Learjet Citation Citation III/ 45 (2) Citation X (1) Mustang (4) VI/VII (2) 4 JetCity 7 Flight Options G-IV (1) Citation Ultra (1) Citation Revesco Corporate Phenom 100 (3) Challenger 601 (1) Citation II (2) Ultra (1) 6 Aviation 3 Aircraft Charter
Phenom 300 (1) Citation Bravo (1) Citation Citation Falcon Edwards Aviation Global Jet Global Express Hawker 525 (1) CJ2 (1) XRS (1) 400A (1) 50 (1) 3 Australia 5 International Citation Challenger Citation VII (1) VII (1) 604 (1) Global Express XRS (1) Challenger 604 (1) 4 ExecuJet Other Charter Operators Hawker Global 2 Southern Cross Jets 800XPI (1) 6000 (1) 2 Shortstop Jet Charter Falcon 2 Avcair Falcon 20F-5 (2) 4 Falcon Air 2000 (1) 2 Executive Airlines 1 Oberon Aviation Services Falcon 50 (1) 1 Airmed Australia 1 Aus West Airlines (2010) Citation II/SII/ Maxem 1 Inflight ER TOTAL 4 Aviation Bravo (2) Citation Encore+ (1) 1 Air Gold Coast 14 Falcon 900C (1) 1 Light Jets Australia
28 | SUMMER 2018 CHARTER REPORT AUSTRALIA
Age Distribution by Model
LONG- 2 Global Express XRS 1 1 RANGE
1 Global 6000 1
1 Global Express 1 LARGE 3 Challenger 604 2 1 1 1 2 Challenger 600/601
2 Falcon 900C 1 1
1 Legacy 600 1
1 G-IV/IV-SP 1
1 Falcon 2000EX EASy 1
1 G450 1
MID-SIZE 2 Falcon 20F-5 1 1
2 Citation Sovereign 1 1
2 Falcon 50 1 1
1 Learjet 60 1
1 Hawker 850XP 1
1 Citation X 1
1 Hawker 800/XPI 1 LIGHT 9 Citation II/SII/Bravo 2 1 2 1 1 2
4 Citation III/VI/VII 1 1 1 1
3 Citation Ultra/V 3
2 Citation CJ2/+ 1 1 1 2 Learjet 40/45 1
2 Westwind 1/2 1 1
1 Citation I/SP 1
1 Learjet 35 1
1 Phenom 300 1
1 Citation Encore+ 1
1 Hawker 400A 1
1 Learjet 31 1
VERY 1 3 1 LIGHT 5 Citation Mustang
4 Citation 525/CJ1 1 2 1
3 Phenom 100 1 2
Year of Manufacture 1975 1985 1995 2005 2015
SUMMER 2018 CHARTER REPORT | 29 4259 +58+G INDIA
ith a total of 59 business jets, of its total 140, dedicated for charter, India is home to the third largest charter fleet in the Asia-Pacific region. Around W 60% of the fleet is comprised of large and medium sized aircraft. Dassault and Cessna are the top charter jet OEMs in the country and have a charter fleet of 16 and 13 aircraft, respectively. The largest operator in the region is Club One Air with eight jets.
The UHNWI population has grown to 2,920 and is expected to continue growing at an exponential rate for the foreseeable future. With a growing count of UHNWIs, India shows a strong potential for growth in the charter market. The benefits of a dependable, quick, easy-to-order, on demand charter service is a welcomed privilege for many upper class wealthy individuals in India.
Charter Fleet by OEM Charter Fleet by Size Category
Gulfstream 2 (3%) Airbus 1 (2%) Very Light 4 (7%) Corp. Airliner 2 (3%)
Embraer 6 (10%) Dassault 16 (27%) Long-Range 5 (8%) Large 24 (41%)
Hawker 10 (17%) 59 Mid-Size 11 (19%) 59 Bombardier 11 (19%)27+221917103+2+G Cessna 13 (22%) Light 13 (22%) 41+22198+7+3+G Top Charter Operators by Model
Citation Other Charter Operators Falcon 2000 (4) Excel (1) 8 Club One Air 2 VRL Logistics Citation II (2) CRJ100(1) 2 Taj Air TOTAL 2 Privilege Airways 2 Forum 1 Aviation 34 2 Titan Aviation Falcon 900EX Reliance Commercial 7 EASy (2) ERJ-135ER (1) ACJ319 (1) 2 GMR Aviation Dealers Ltd. 2 Zest Aviation Global Global Express Global 1 Empire Aviation Group Express (1) XRS (1) 6000 (1) 1 Simm Samm Airways 1 Punj Lloyd 1 Futura Travels 1 EIH Legacy 650 (2) Citation XLS (1) 4 Air One Aviation 1 Bajaj Auto Lineage 1000 (1) 1 U.Y. Aviation 1 Grasim Industries 1 Raymond 1 Int’l Air Charter Operations 1 Span Air Falcon 2000 (2) 1 Coromandal Travels 3 Religare Aviation 1 Taneja Aerospace & Aviation Falcon 7X (1) 1 Abhijeet Projects 1 Turbo Aviation 1 Pinnacle Air 1 Airmid Aviation Services Private Citation 3 Excel (2) 1 Dove Airlines Private Air Charter Service 1 IRM Falcon 1 Jupiter Aviation Services 2000LX (1)
30 | SUMMER 2018 CHARTER REPORT INDIA
Age Distribution by Model
CORP. AIRLINER 1 Lineage 1000 1
1 ACJ319 1
LONG-RANGE 1 Global Express 1
1 Falcon 7X 1
1 Global Express XRS 1
1 Global 5000 1
1 Global 6000 1
LARGE 9 Falcon 2000EX EASy 2 2 2 1 2
4 Falcon 2000LX 1 3
3 Legacy 650 1 2
2 Falcon 900EX EASy 2
2 Challenger 605 1 1
2 Challenger 604 1 1
1 CRJ100 1
1 ERJ-135ER 1
MID-SIZE 3 Hawker 850XP 2 1
2 Challenger 300/350 1 1
2 Hawker 800/XP/XPI 1 1
1 G150 1
1 Hawker 900XP 1
1 G200 1
1 Hawker 750 1
LIGHT 5 Citation CJ2/+ 1 1 2 1
5 Citation Excel/XLS/+ 1 1 1 1 1
2 Citation II/SII/Bravo 2
1 Premier I/IA 1
VERY LIGHT 2 Premier I/IA 1 1
1 Citation Mustang 1
1 Phenom 100 1
Year of Manufacture 1995 2000 2005 2010 2015
However, even though the UHNWI population is growing year-on- environment surrounding the charter market which prevents any year, the charter fleet operated locally in the region is not following foreign entity from making investments in the business aviation the same trend. The local charter fleet has seen a reduction of charter market proves to be a major obstacle to the growth of the one aircraft, from a total of 60, since 2016. The strict regulatory charter market.
SUMMER 2018 CHARTER REPORT | 31 2813 +72+G PHILIPPINES
he charter market in the Philippines is moving slowly due to operational limitations in Manila and an announcement of possibly moving general aviation T out of the city’s largest international airport — Ninoy Aquino International Airport. Alternative solutions are being put together via Clark airport and with helicopter transfer.
With a total of 48 business jets in the country, 13 are utilized in the charter sector, representing 4% of the Asia-Pacific charter fleet. Up from 10 jets in 2016, the island country has recorded a 30% fleet increase.
Charter Fleet by OEM Charter Fleet by Size Category
Cessna 1 (8%) Large 2 (15%)
IAI 1 (8%)
Gulfstream 2 (15%) 13 13 Hawker 2 (15%) 54+1515+8+G Bombardier 7 (54%) Mid-Size 4 (31%) 54+3115+G Light 7 (54%) Top Charter Operators by Model
Learjet 31 (4) G-IV (1) 6 Asian Aerospace
G150 (1) Other Charter Operators 1 Lionair 1 Aviation Concepts TOTAL Hawker 800/XP (2) 3 Challenger Aero Air 2 Challenger 300 (1)
Learjet 40 (1) 2 World Aviation Corporation Citation XLS+ (1)
Bombardier had the most aircraft in the Philippines, with seven of the country’s charter fleet, consisting of mainly Learjet 31 (54%), while Hawker and Gulfstream followed with two jets each. aircraft, which is also the most popular aircraft used for charter The light jet was the most popular size group, with the remaining in the country. Challenger Aero is the second largest operator, being mid-size and large aircraft. The average age of the country’s with three aircraft. charter fleet is 20 years.
There are five charter operators in the Philippines. The largest operator, Asian Aerospace, expanded its fleet by two aircraft between 2016 and 2018, from four to six jets. It operates 46%
32 | SUMMER 2018 CHARTER REPORT SINGAPORE 2613 +74+G
ingapore is one of the most important business aviation hubs in the Asia Pacific; it is also home to 13 charter jets and seven charter operators. With the new terminal S currently under construction, Seletar Airport is looking to strengthen its position as the main base for business jets in Singapore.
There has been a lot of foreign investments into the city-state. Quite a few international corporations have their offices based in Singapore; it is also a popular location for global events and business meetings. This makes the country a frequent destination for business trips, one of the many reasons for its thriving business jet charter industry.
Charter Fleet by OEM Charter Fleet by Size Category
Embraer 1 (8%) Light 2 (15%) Large 1 (8%)
Gulfstream 4 (31%) 13 13 61+318+G Bombardier 8 (61%) Mid-Size 4 (31%) 50+28175+G Long-Range 6 (46%) Top Charter Operators by Model
G150 (2) Learjet 45 (1) 5 Pacific Flight Services Other Charter Operators Learjet 35 (1) G550 (1) 1 Prime Jet 1 Avcair 1 Seletar Jet TOTAL 3 Global 6000 (2) OJets 1 MyJet Asia 5 Challenger 650 (1) 1 Orient Global Aviation
Pacific Flight Services continues to be the largest charter operator since 2016. This is mainly due to the maturity of the country’s in Singapore with five jets based locally. It offers jet charter, aircraft charter market, and the stable demand for charter service. management, as well as flight training. With three jets available for charter, the second largest operator is now OJets, a new player The most popular aircraft size category in Singapore’s charter in the market, replacing the vacancy that was left behind by Zetta market is long-range, with a total of six (46%) jets on its fleet. There Jet’s cease of operation. are four mid-size jets, two light jets and one large jet. Bombardier is the most popular OEM (61%), followed by Gulfstream (31%). The Despite the 11 deductions in Singapore’s overall business jet fleet average age of this fleet is 11 years, three years younger than the in 2017, the total size of its charter fleet has not seen any change region’s average.
SUMMER 2018 CHARTER REPORT | 33 3313 +67+G THAILAND
n recent years, increasing efforts and resources have been allocated to the aviation industry to support its development and demand from the tourism I segment in Thailand. Further local development plans have been adopted to support this growth. For example, the construction of the new Betong Airport, serving the southern province of Yala, has just begun. The new airport will eventually facilitate the economic development and security in the far south of the country.
Out of the Thailand’s 37 business jets in 2018, 13 of them serve the charter industry, representing 4% of the Asia-Pacific charter fleet. Despite Thailand’s decrease in charter fleet size, from 16 jets to 13, the country still has one of the largest fleets for charter among the Southeast Asian countries.
Charter Fleet by OEM Charter Fleet by Size Category
Dassault 1 (7%) Hawker 4 (31%) Long-Range 2 (15%) Very Light 1 (8%)
Cessna 4 (31%) 13 13 31+317+G Gulfstream 4 (31%) Light 3 (23%) 54+23158+G Mid-Size 7 (54%) Top Charter Operators by Model
G200 (1) G-V (1) Citation X (1) 5 MJets Citation CJ3 (1) Citation Other Charter Operators Bravo (1) 1 VIPJets Hawker Siam Land Flying 850XP (1) 1 Kannithi Aviation TOTAL 2 Company 1 Air Alsie A/S HAWKER 1 H.S. Aviation 4 800 (1)
G200 (2) 2 Advance Aviation
Aircraft from four OEMs — Hawker, Gulfstream, Cessna and Seven companies operate a charter aircraft, as of summer 2018, Dassault — make up the entire charter fleet in Thailand, with the four of which only operate one aircraft for charter. MJets had the previous three having four each and the latter with one. Mid-size largest fleet, with five aircraft, although the operator’s fleet dropped jets are the most popular in the country, making up 54% of the by one aircraft from 2016 to 2018. Siam Land Flying Company and market. The Gulfstream 200 is the most favorable model, with a Advance Aviation each operate two jets for charter, and both had 23% market share. The charter fleet in Thailand has an average the same fleet size from 2016. age of 14 years, which is relatively young compared to the entire Asia-Pacific fleet.
34 | SUMMER 2018 CHARTER REPORT JAPAN 2013 +80+G
apan offers 13 business jets for charter, one more than the summer 2016, accounting for 24% of the total business jet fleet in Japan. The overall J business jet fleet, however, has not changed. Corporate and long-range jets make up 62% of the market. Four light jets and one mid-size jet fulfill the domestic traveling needs for private individuals and corporations in the country. Consequently, Cessna is the most popular OEM for jet charter.
Although there is little change in the total number of fleet for charter based in the country, a new operator emerged in the market. Phenix Jet has, in recent years, become the largest charter operator in Japan, offering domestic flights, as well as international flights. It has five jets for charter, including those that are not based in Japan, all of them are long- range jets. Shizuoka Air, which is also called Fuji Dream Aviation, operates two jets, with its main base at Shizuoka Airport. Shizuoka Air caters exclusively to the domestic market. Jet Aviation operates two jets. Nakanihon Air also operates two aircraft.
Charter Fleet by OEM Charter Fleet by Size Category
Airbus 1 (8%) Cessna 5 (38%) Corp. Airliner 1 (8%) Mid-Size 1 (7%)
Bombardier 2 (16%) 13 13 Gulfstream 5 (38%) 38+38168+G Light 4 (31%) 54+3187+G Long-Range 7 (54%) Top Charter Operators by Model
G650/ER (3) Andrew Svoboda – Phenix Jet 5 Phenix Jet
Global 6000 (2) HOW HAS THE CHARTER MARKET EVOLVED IN Citation CJ2+ (2) 2 Shizuoka Air JAPAN OVER THE PAST FEW YEARS?
The Japan Charter market continues to grow and increase in demand. Phenix Jet is seeing more and more requests G650 (1) 2 Jet Aviation for charter services, especially long haul flights. The market ACJ318 (1) is evolving amongst all key sectors of private, corporate and government entities that demonstrate an increased need for Citation V (2) charter services. 2 Nakanihon Air
WHAT ARE SOME OF THE CHALLENGES THE MARKET FACES?
Providing enough charter available aircraft to service the Other Charter Operators growing demand is one of the biggest challenges. Phenix Jet has, in recent years, become the largest charter operator in 1 Avjet Corporation Japan, offering international flights with multiple safety audit 1 Aero Asahi TOTAL ratings which represent highest standards of safety and high 2 quality of hospitality services. Phenix Jet has five jets for charter, including those that are not based in Japan, all of them are ultra-long range jets.
CONTACT: [email protected]
SUMMER 2018 CHARTER REPORT | 35 2212 +78+G MALAYSIA
alaysia’s continued economic growth has pushed the country closer to reaching high-income status. However, its wage levels have not increased M proportionally compared to its economic growth rate. This lag has created a challenge for various industries, including business aviation.
Still, within the charter market, operators have capitalized on increasingly popular medical tourism sought out by inbound tourists. Malaysia has positioned itself as a preferred destination for a variety of medical treatments, a unique market charter operators have the opportunity to explore.
Despite having an increase in overall business jet fleet size, Malaysia’s charter fleet contracted by three aircraft between 2016 and 2017, to 12 jets; a 20% decrease. The Malaysian market represents 4% of the total Asia-Pacific charter fleet.
Charter Fleet by OEM Charter Fleet by Size Category
Dassault 1 (8%) IAI 6 (50%) Long-Range 2 (17%) Mid-Size 1 (8%)
Gulfstream 2 (17%) 12 12 Bombardier 3 (25%) 50+25178+G Large 3 (25%) 50+25178+G Light 6 (50%) Top Charter Operators by Model
Westwind 1/2 (6) 6 Executive Jet Asia Other Charter Operators
1 FlyJet 1 Air Alsie A/S TOTAL 1 Berjaya Air Global 1 Global Air Charters 4 2 TAG Aviation Express XRS (1) G450 (1)
Israel Aerospace Industries (IAI) has the largest market share in As of June 2018, there were seven business jet charter operators Malaysia’s charter market, with six aircraft taking up 50% of the in Malaysia. Executive Jet Asia (EJA) was the largest operator, country’s market share. Bombardier followed with three aircraft, holding a fleet of six Westwind aircraft. TAG Aviation ranked representing 25% of the market. second, in terms of fleet size, with a two aircraft fleet.
Among all size categories, light jet dominated the Malaysian market with six aircraft (50%), while large jet has three aircraft (25%) on the market. Additionally, Malaysia has the oldest charter fleet among the Southeast Asian countries, with an average age of 25 years.
36 | SUMMER 2018 CHARTER REPORT HONG KONG 11 & MACAU 27+73+G
he business jet fleet available for charter in the Hong Kong and Macau markets decreased to 11, accounting for 7% of the region’s total 149 business jets. The market scale has remained T relatively stable, with a mere 3% decrease of the charter fleet. The majority of aircraft used for charter in this region are made up of the Bombardier Global series (5, 46%). There are also three Gulfstream aircraft (27%) providing charter service. Dassault Falcon, Airbus, and Boeing each make up 9% of the market share.
The charter market in Hong Kong and Macau is dominated by large-sized and long-range aircraft. Hongkong Jet, Global Jet Concept and Tag Aviation are the top three charter operators in the region, each with two aircraft available for charter.
Charter Fleet by OEM Charter Fleet by Size Category
Airbus 1 (9%) Bombardier 5 (46%) Corp. Airliner 2 (18%) Long-Range 6 (55%)
Boeing 1 (9%)
Dassault 1 (9%) 11 11 Gulfstream 3 (27%) 50+2598+G Large 3 (27%) 55+2718+G Top Charter Operators by Model
G300 (1) 2 Hongkong Jet Carmen Chan – Asian Sky Group
BBJ (1) HOW HAS THE CHARTER MARKET EVOLVED IN HONG Global KONG OVER THE PAST FEW YEARS? 5000 (1) 2 Global Jet Concept We have seen a steady growth in the charter market in Hong ACJ319 (1) Kong. The younger generation of HNW and UHNWIs has Global started to use more charter flights for personal and business 5000 (1) use. Still, the preference for long range and large cabin aircraft 2 TAG Aviation continues to be a dominant trend. G450 (1)
WHAT ARE SOME OF THE CHALLENGES THE CHARTER MARKET FACES? Other Charter Operators The industry is still under the constraints of insufficient time slot issues at the Hong Kong airport, which seriously hinders 1 Empire Aviation Group the development of the industry. 1 Jet Aviation 1 White Wind TOTAL Additionally, there has been an emergence of Part 91 aircraft 1 Lily Jet 5 owners in Hong Kong and China who also provide charter 1 Macau Jet Int’l services. Because potential charterers can often not identify the difference between Part 91 (private) operations and the more strict and regulated Part 135 (charter) operations, clients will go for the operation with the lower pricing. This causes unnecessary competition and is a situation that needs to be rectified by the government.
CONTACT: [email protected]
SUMMER 2018 CHARTER REPORT | 37 OTHER MARKETS
2210 +78+GINDONESIA 244 +76+GNEW ZEALAND
Insufficient infrastructure and restrictive regulations have New Zealand currently has four jets available for charter; acted as a headwind to business aviation development in one more than what was available in summer 2016. Indonesia, although the country has gradually relaxed its The charter fleet accounts for 24% of the country’s total restrictions towards foreign-registered aircraft in recent years. business jet fleet, which stands at 17. There are only two local operators, Skyline Aviation and Pacific Jets, As of June 2018, there were 10 business jets operating operating three and one aircraft, respectively. for charter in Indonesia, accounting for 3% of the charter fleet in the region. Decreasing from 13 aircraft in 2016, Skyline Aviation, the country’s largest charter operator, the Indonesian charter fleet contraction was due to a fleet operates a Nextant 400XTi (seating capacity of seven), reduction by the largest charter operator in the country, Citation Mustang (seating capacity of four) and a Premiair. Premiair reduced its charter fleet from five Sovereign (seating capacity nine), all of which are typically aircraft to two within a two-year time frame. for domestic use and for travel to Australia. Skyline Aviation has been operating in New Zealand for over 30 Embraer had the largest market representation in the years. Pacific Jets operates a Falcon 2000LX, which has a charter market, with a 50% share. Hawker aircraft follows, range of 4,000NM and a seating capacity of 10, in addition with a 30% market share. Large aircraft are the most to two pilots and a flight attendant. This company has favorable aircraft size in Indonesia, making up 60% of been in operation since 2003. the fleet, while mid-size and corporate airliner shared the remaining market. The Legacy 600 and Hawker XP were the top two models; each had three aircraft in the country. In addition, Indonesia has the youngest charter fleet in the region, with an average age of 10 years. 174 +83+GTAIWAN 163 +84+GSOUTH KOREA
The Taiwan charter market has stayed stable with four South Korea’s charter industry experienced a late business jets available for charter, accounting for 17% of start, compared to the rest of the region. Enthusiasm its total 24 business jets in Taiwan. Similar to the other did not grow for jet charter until a little over a decade markets in the Greater China region, the charter market in ago. Individuals and corporations who require frequent Taiwan is also dominated by large and long-range aircraft. travels have, in the past, preferred their own aircraft. The average age of the charter fleet in Taiwan is 11 years, However, as huge conglomerates cut costs, and as the slightly older than that of Mainland China. popularity of charter spreads, the demand for such a service has increased. Executive Aviation Taiwan is the biggest local charter operator with one Bombardier Global 5000, one Embraer Currently, South Korea’s flagship airline carrier, Korean Air, is Legacy 600 and one Hawker 400XP. This operator also has the largest and the only operator in South Korea, with three the capability to provide charter service for medical use. jets for charter. Those include one BBJ, a Global Express Win Air also has one Gulfstream G550 available for charter. XRS and a Gulfstream G650ER, all of which cater to long- range international flights, reaching all of Asia from Seoul.
38 | SUMMER 2018 CHARTER REPORT CHARTER FLEET BY OEM
MOST POPULAR AVERAGE AGE OF FLEET MOST POPULAR AVERAGE AGE OF FLEET AIRBUS ACJ319 10 BOEING BBJ 9
7 3+3+31 1 1 21+3+3+31 1 1 India Macau Japan Mainland China South Korea Hong Kong Indonesia
ACJ318 1 1 787-8 1 1 ACJ319 1 1 2 BBJ 6 1 1 1 9 Total 1 1 1 3 Total 7 1 1 1 10
MOST POPULAR AVERAGE AGE OF FLEET BOMBARDIER Challenger 850 13
27
14 11 8 7 6 81+42+33+24+21+18+9+6+3+33 2 1 1 Mainland China Australia India Singapore Philippines Hong Kong Malaysia Japan Taiwan South Korea
Challenger 300/350 4 2 1 1 8 Challenger 600/601 2 1 1 4 Challenger 604 1 3 2 6 Challenger 605 6 2 8 Challenger 650 1 1 Challenger 850 11 11 CRJ100/200 2 1 3 Global 5000 1 1 1 4 1 8 Global 6000 1 1 2 1 2 7 Global Express 1 1 2 Global Express XRS 1 2 1 1 1 6 Learjet 31 1 4 5 Learjet 35 1 1 2 Learjet 40/45 2 1 1 4 Learjet 60/XR 1 1 2 4 Total 27 14 11 8 7 5 3 2 1 1 79
SUMMER 2018 CHARTER REPORT | 39 CHARTER FLEET BY OEM
MOST POPULAR AVERAGE AGE OF FLEET CESSNA Citation II/SII/Bravo 17
32
13 5 4 96+39+15+12+6+6+3+3+32 2 1 1 1 Australia India Japan Thailand Zealand New Caledonia New Philippines Mainland China PNG Citation 525/CJ1 4 4 Citation CJ2/+ 2 5 2 1 10 Citation CJ3 1 1 2 Citation CJ4 1 1 Citation Encore+ 1 1 Citation Excel/XLS/+ 5 1 1 7 Citation I/SP 1 1 Citation II/SII/Bravo 9 2 1 12 Citation III/VI/VII 4 4 Citation Mustang 5 1 1 1 8 Citation Sovereign 2 1 1 4 Citation Ultra/V 3 2 5 Citation X 1 1 2 Total 32 13 5 4 2 2 1 1 1 61
MOST POPULAR AVERAGE AGE OF FLEET DASSAULT Falcon 2000/EX EASy 14
16
8 7 48+24+21+3+3+3+3+31 1 1 1 1 India Mainland China Australia Zealand New Malaysia Thailand Bangladesh Macau Falcon 2000/EX EASy 9 1 1 11 Falcon 2000LX 4 1 1 6 Falcon 20F-5 2 2 Falcon 50 2 2 Falcon 7X 1 6 1 1 1 10 Falcon 900C 2 2 Falcon 900EX EASy 2 2 Falcon 900LX 1 1 Total 16 8 7 1 1 1 1 1 36
40 | SUMMER 2018 CHARTER REPORT CHARTER FLEET BY OEM
MOST POPULAR AVERAGE AGE OF FLEET MOST POPULAR AVERAGE AGE OF FLEET EMBRAER Legacy 650 7 HAWKER Hawker 800/XP/XPI 14
8 10 6 5 5 6 4 24+18+15+15+3+31 1 30+18+12+9+9+6+33 3 2 1 India Mainland China Thailand Indonesia Australia Philippines Taiwan Mainland China India Australia Indonesia Taiwan Singapore
Hawker 400A 1 1 ERJ-135ER 1 1 Hawker 400XP 1 1 Legacy 600 1 3 1 1 6 Hawker 750 1 1 Legacy 650 7 3 2 12 Hawker 800/XP/XPI 2 5 2 1 2 12 Lineage 1000 1 1 Hawker 850XP 3 1 1 5 Phenom 100 1 3 4 Hawker 900XP 1 1 3 5 Phenom 300 1 1 2 Premier I/IA 3 1 4 Total 8 6 5 5 1 1 26 Total 10 6 4 3 3 2 1 29
MOST POPULAR AVERAGE AGE OF FLEET GULFSTREAM G450 & G550 10
30
5 90+15+12+12+9+6+6+6+6+3+3+34 4 3 2 2 2 2 1 1 1 Mainland China Japan Singapore Thailand Hong Kong Philippines India Australia Malaysia South Korea Indonesia Taiwan
G150 2 1 1 4 G200 3 3 1 7 G280 1 1 G300 1 1 G450 13 1 1 2 17 G550 13 2 1 1 17 G650/ER 5 1 6 G-IV/IV-SP 1 1 1 3 G-V 1 1 Total 30 5 4 4 3 2 2 2 2 1 1 1 57
SUMMER 2018 CHARTER REPORT | 41 CHARTER MOBILE APPS
obile phones have become an essential part of our everyday life and mobile apps have made it increasingly Measy to conduct all sorts of business from the convenience of a handheld device. Booking a charter flight is no different. The industry has caught onto this craze, understanding the ease and efficiency an app can bring. Still, the availability of charter apps is limited and many stop just short of providing a truly mobile experience. Typically, users can expect to see three different types of mobile apps when looking to book a charter.
The first type was developed by charter brokers and is the Air Charter category most available charter apps fall into. To book a charter Service through these apps charter requirements are needed, including expected departure and arrival time, date and airport, as well as (ACS) passenger number and aircraft size category. These apps will then perform a search and list out several different flight plans with estimated costs and aircraft model. Upon selection, the app will provide an online form for the client to fill out and customer service staff will get back to the client with confirmation and a final service quotation. An example of this app is UK-based broker, Air Charter Service, which has regional offices available for booking in the Asia Pacific.
The second type of charter app is offered directly by charter operators, who are looking to fill empty leg flights. Typically, no login is required to view the flights. Clients simply fill out their charter requirements and, like booking a commercial flight, seats capacity can be viewed. Users of this kind of charter app tend to be more random, making it difficult for the operator to maintain this client base. India-based operator JetSetGo offers this service through its JetSteals app. Deer Jet
The third type of charter mobile app, also launched by charter operators, is quite different from the previously mentioned one. These mobile apps only allow its member to login, which means you need to join its charter membership program first. Customers are required to pay an initiation fee to be a member of their charter program. Clients then have access to the mobile app and can book a charter flight and pay instantly. In the US, on-demand charter company Skyjet offers this service through its mobile app, allowing users to book and pay in an instant. Japan-based company SkyTrek, which offers small aircraft charter service, offers a similar service — book and pay through an app. Still, the Asia-Pacific region has yet to see a mobile app offering booking and payment options for business jet charter.
While the aim for charter mobile apps is to simplify the booking process and save charter customer’s time, this kind of mobile service is much more common in the U.S. and Europe, where charter regulations are more relaxed. In the Asia Pacific, where Ananjets the industry is still evolving and regulations are more tight, mobile charter apps have a way to go. Still, charter apps in Mainland China stood out as being more developed than in the rest of the region; contributing to its fast-growing charter industry in the region. India, known for its fast-growing IT industry, is also notable for its availability of charter apps.
42 | SUMMER 2018 CHARTER REPORT JET CHARTER MEMBERSHIPS
oyal customers are a vital part of any business, and charter Gulfstream G550. The G550 can be switched to a Falcon 7X, G450, businesses are no different. Membership programs, or G650 or Boeing BBJ, with different hourly rates. L jet cards, are a good way to help operators both attract potential clients and keep loyal clients. While charter membership The Youxiang Card is valid for 12 months, while the Aoxiang Card programs in Asia Pacific aren’t as popular as in North America is valid for 18 months. Along with a longer period of validity, the and Europe, there are a growing number of operators and brokers Aoxiang Card also includes two expedited flight applications, five offering membership schemes, with the promise of flexibility and a allowances for VVIP-level flight control service at any airport in stress-free flying experience. Mainland China and pick-up service eight times. The Youxiang Card also includes the above services at no cost, with limited Hourly rate tend to be the most considered factor when choosing service times. For both Card holders, Deer Jet also prepares a a program, but the increasing demand for membership programs toiletries package for long distance, overnight flights. means the schemes have become more complex. Standard membership schemes often include an initiation and/or annual The more premium membership program offered through Deer fee, incremental hourly packages, a level of guarantee on aircraft Jet is the Changyou Card. This program requires clients to availability and VIP perks. pay 10,000,000 RMB (approx. US$1.54 million) as an advance payment. When clients request a charter, charges will be Charter operators with large-scale operations typically have a deducted from the advance payment. Under this program, digital booking platform, through a mobile app or booking website, members can choose five different aircraft models (G450, G550, making it easy for members to access flight information. In the G650, BBJ1 and BBJ2), with different hourly rates. This program US, JetSmarter operates in this fashion. Upon a one-time initiation is valid for 12 months. fee and an annual membership fee, members of JetSmarter have discounted access to empty legs, as well as on-demand chartered Beijing and Hong Kong-based charter operator Sino Jet, which private or shared flights. The company’s online booking system set up its operations in 2011, operates a fleet of four aircraft. The and app are heavily marketed and make it easy to schedule company offers three types of membership programs, based on flights. JetSmarter recently made its model even more accessible, hourly increments of 100 hours, 200 hours, and 400 hours. introducing on-demand charter flights to non-members through a pay-as-you-go option. Similarly, in Japan, Sky Trek is making a In addition to charter operators answering the demand for name for itself after launching the country’s first membership- membership schemes, so are brokers, who are finding more based small aircraft charter service. Initiation and annual fees are ways to maintain a loyal customer base. Global charter broker Air required, then providing members access to a fleet of turboprop Charter Service offers clients a pre-paid membership card program, aircraft. Sky Trek’s mobile app allows its members to book the Empyrean Card. Unlike fixed membership programs launched charters, airline tickets and even hotel rooms. by charter operators in the market, Air Charter Service has taken a more bespoke approach, designing membership programs based In the Asia-Pacific region, operators are moving toward more on individual client needs. With the tailor-made card program, accessible and attractive membership models. China-based clients are free to choose the flight hours and validation period operator Deer Jet, which launched its membership program in based on their specific need. 2015, is the biggest charter operators in the region and offers three different membership card programs: Youxiang Card, Aoxiang As the charter market in the Asia Pacific becomes more active, Card and Changyou Card. operators and brokers are expected to offer more diversified and tailored membership models. With the Youxiang Card and Aoxiang Card, members are offered 30 and 50 charter flight hours (including ferry), respectively, on a
Air Charter Service Deer Jet Sino Jet
Hong Kong China Hong Kong www.aircharter.com.hk www.deerjet.com/charter www.sinojet.org
SUMMER 2018 CHARTER REPORT | 43 POPULAR MODELS FOR CHARTER
44 | SUMMER 2018 CHARTER REPORT POPULAR MODELS FOR CHARTER
Corporate Airliner — Airbus ACJ318
EXTERIOR FLOOR PLAN
INTERIOR
70.1 ft CROSS SECTION
7.4 ft
12.1 ft RANGE FROM HONG KONG
NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
SUMMER 2018 CHARTER REPORT | 45 POPULAR MODELS FOR CHARTER
(C) 2018 Conklin & de Decker Associates Corporate Airliner — Boeing BBJ
EXTERIOR FLOOR PLAN
INTERIOR
CROSS SECTION
79.2 ft
7.1 ft
11.5 ft RANGE FROM HONG KONG
NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
46 | SUMMER 2018 CHARTER REPORT POPULAR MODELS FOR CHARTER
(C) 2018 Conklin & de Decker Associates Long-Range — Bombardier Global 6000
EXTERIOR FLOOR PLAN
INTERIOR
48.4 ft
CROSS SECTION
6.3 ft
8.1 ft RANGE FROM HONG KONG
NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
SUMMER 2018 CHARTER REPORT | 47 POPULAR MODELS FOR CHARTER
(C) 2018 Conklin & de Decker Associates Long-Range — Gulfstream G550
EXTERIOR FLOOR PLAN
INTERIOR
50.1 ft
RANGE FROM HONG KONG CROSS SECTION
6.2 ft
7.3 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
48 | SUMMER 2018 CHARTER REPORT POPULAR MODELS FOR CHARTER
(C) 2018 Conklin & de Decker Associates Long-Range — Falcon 7X
EXTERIOR FLOOR PLAN
INTERIOR 39.1 ft
RANGE FROM HONG KONG CROSS SECTION
6.2 ft
7.7 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
SUMMER 2018 CHARTER REPORT | 49 POPULAR MODELS FOR CHARTER
Large — Gulfstream G450
EXTERIOR FLOOR PLAN
INTERIOR 45.1 ft
RANGE FROM HONG KONG CROSS SECTION
6.2 ft
7.7 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
50 | SUMMER 2018 CHARTER REPORT POPULAR MODELS FOR CHARTER
Large — Challenger 850
EXTERIOR FLOOR PLAN
INTERIOR 48.3 ft
RANGE FROM HONG KONG CROSS SECTION
6.1 ft
8.2 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
SUMMER 2018 CHARTER REPORT | 51 POPULAR MODELS FOR CHARTER
Large — Falcon 2000
EXTERIOR FLOOR PLAN
31.0 ft
INTERIOR
RANGE FROM HONG KONG CROSS SECTION
6.2 ft
7.7 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads.
52 | SUMMER 2018 CHARTER REPORT POPULAR MODELS FOR CHARTER
Mid-Size — Hawker 850XP
EXTERIOR FLOOR PLAN
21.3 ft
INTERIOR
RANGE FROM HONG KONG CROSS SECTION
5.8 ft
6.0 ft NOTE: The range map displayed used the following assumptions: 85% probability average annual NOAA 10-years historical winds, ISA flight conditions, NBAA IFR fuel reserves, typical passenger and crew loads. SOURCES: OEM, Aviapages
SUMMER 2018 CHARTER REPORT | 53 54 | SUMMER 2018 CHARTER REPORT