YEAR END 2016
ASIA PACIFIC REGION BUSINESS JETS
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 I Beijing Seoul Penglai
Chengdu Shanghai
Shenzhen Hong Kong
Bangkok Manila
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, and the Africa Business Jet Fleet Report for a breakdown of fleet within respective countries.
Asian Sky Quarterly provides a reader-friendly look at market dynamics within the pre-owned markets of civil helicopters and business jets. ASG’s latest reports include, the Asia-Pacific Business Jet Charter Report, Asia-Pacific Training Report and the upcoming Asia Pacific Infrastructure Report focusing on respective industry segments showcasing the current status and challenges of the industry.
DISCLAIMER The information contained in this report is provided free of charge for reference only. While such information was compiled using the best available data as of December 2016, ASG makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, an 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 Asian Sky Group would like to acknowledge the gracious contributions made by numerous organizations, including aircraft operators, OEMs, aviation authorities and JETNET LLC in providing data for this report.
Should you wish to reproduce or distribute any portion of this report, in part or in full, you may do so by mentioning the source as: “Asian Sky Group, a Hong Kong-based business aviation consulting group”.
For information about our aviation services, contact: [email protected] or visit www.asianskygroup.com. For information regarding ASG publications, contact: [email protected] or visit www.asianskymedia.com.
CONTACT Suite 3905, Far East Finance Centre, 16 Harcourt Road Admiralty, Hong Kong Telephone +852 2235 9222 | Facsimile +852 2528 2766 www.asianskygroup.com CONTENTS
02 PUBLISHER’S NOTE 03 EXECUTIVE SUMMARY 04 MARKET OVERVIEW 10 AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER 13 MARKET TRENDS 17 PERSONALITY PROFILE: MICHAEL AMALFITANO, EMBRAER EXECUTIVE JETS 21 AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500 24 OPERATOR OVERVIEW 31 COMPANY PROFILE: MARUBENI AEROSPACE CORPORATION 34 OEM OVERVIEW
COUNTRY PROFILE: GREATER CHINA 43 FOR OTHER COUNTRY PROFILES VISIT: WWW.ASIANSKYMEDIA.COM PUBLISHER’S NOTE
Just in time for the premier business aviation event in Asia (ABACE), Asian Sky Group is releasing our annual year end 2016 Asia Pacific Business Jet Fleet Report.
The fifth installment of this report produces all the expected information, with a fleet breakdown by country, size and OEM. Readers will see which countries saw the most growth and which countries suffered declines, as well as which manufacturers performed best and which size categories were the most popular.
The structure of the report changes a bit though in that specific country reports will now only be available online, where they can be viewed or downloaded, and are not published in the printed edition of the report.
However, with Greater China being the largest market in the region, we’ve dedicated a special section to it in this report, offering analysis of what happened throughout the year and forecasts of what’s to come. Although there was only minimal growth in the Greater China market this year, the Chinese Government has committed to investing in the industry, a promising outlook for the future.
ASG also had the chance to profile the newly-appointed CEO and President of Embraer Executive Jets, Michael Amalfitano — his first interview since joining the Brazilian aircraft manufacturer. Additionally, Marubeni Aerospace’s Assistant General Manager Chie Matsuoka discussed the company’s services and collaborations, aimed at developing Japan’s business aviation market.
Coinciding with the release of our Asia Pacific Business Jet Fleet Report is the unveiling of ASG’s newest branch: Asian Sky Media. What started out as a single report — the 2012 China Business Jet Fleet Report — has grown into a collection of publications. The dedicated branch will exclusively focus on our growing portfolio, featuring all reports, magazines and media on a new website: www.asianskymedia.com. Now readers can easily access all our publications and find country data at the click of a button.
Sincerely, Jeffrey C. Lowe Managing Director, Asian Sky Group
2 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 EXECUTIVE SUMMARY
• The Asia-Pacific business jet fleet stood at 1,155 aircraft • The top three OEMs in the region by market share were by year end 2016, a 3% increase over 2015. Overall, the Bombardier, Gulfstream and Cessna, with 26%, 24% region added 112 aircraft – 57 new and 55 preowned – but and 19% of the fleet, respectively. Whereas Bombardier also saw 78 aircraft leave. While still positive, the 34 net and Gulfstream added aircraft to their fleet in 2016, additions in 2016 represent a further slowdown in growth Cessna’s contracted. across the region compared to the 58 net additions and 5.5% growth seen in 2015. • Examining only net fleet additions in 2016, Gulfstream significantly out-performed all other OEMs, adding • Pre-owned activity levels (acquisitions and sales in and out 20 aircraft. In terms of growth rate however, the top of the Asia Pacific region) saw a dramatic increase in 2016 performers were Boeing with 23% (inc. six BBJ additions) – from 71 in 2015 to 127 in 2016 (+79%), representing a and Embraer with 14% (inc. its 1st Legacy 500s and six 64% increase in business volume in terms of dollars from Phenom 300s). US$1.1 billion in 2015 to US$1.8 billion in 2016. When also considering new aircraft acquisitions, the number of total • The most popular added model across the region was the transactions in 2016 was 184 versus 131 in 2015 (+40%) G650/G650ER, which added an incredible 23 to its fleet: and in dollars US$5.1 billion in 2016 versus US$3.7 billion 17 new and 6 pre-owned; and the fastest growing size in 2015 (+38%). category was the long-range segment.
• Intra-Asia Pacific transaction levels decreased in 2016 • The top 10 operators in the Asia Pacific region operate though, down to 22 from 38 in 2015. This decrease can 26% of the fleet, with nine of these operators located in be attributed to the strength & current drawing power of Greater China. Since 2014, the number of new operators in the US market. Of the 78 deductions from the Asia-Pacific the Asia-Pacific region has increased 5% but today the Top market, 73% went to the US. 10 operate 3% less of the total fleet.
• The Top Four markets of Mainland China, Australia, • Australia and India have the most operators, but these India and Hong Kong represent two-thirds of the region’s markets are very fragmented, where 37% and 40% of the business jet fleet, combining for 769 aircraft. operators have just a single aircraft.
• Mainland China remains the largest single market in • From an age perspective, the Asia-Pacific region remains the Asia-Pacific region with 313 business jets, though one of the world’s youngest, with 62% of fleet being less its growth rate of 4% in 2016 continued the significant than 10 years old. Hong Kong has the youngest, while PNG deceleration in growth witnessed in previous years, and has the oldest fleet, on average. which commenced in 2012/2013. • The US (N) registration is still the most popular in the • Mainland China also saw the largest number of aircraft Asia Pacific region, and is currently being utilized in at added to its fleet in 2016, a net increase of 13 business least 15 countries. jets, unseating Hong Kong which added the most in 2015. • For 2017, ASG predicts growth finally flattening out at • Greater China which includes Mainland China, Hong around 1% as new deliveries continue to decline and pent Kong, Macau and Taiwan, remains the leading market in up demand for G650s recedes. The good news is the the region with a fleet of 477 aircraft, representing 41% of market shouldn’t get any worse through 2017 and ASG the total for the Asia-Pacific region. With a fleet size that sees a modest return to growth in 2018 when the market is 2.5 times larger than its nearest competitor Australia, should also get some stimulation from new deliveries of Greater China’s significance in and to the region cannot be 8Xs, G500s and G7000s. understated: as the Greater China market goes, so does the Asia-Pacific.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 3 MARKET OVERVIEW ASIA PACIFIC BUSINESS JET FLEET 1
20152 2016 1,121 1,155 313 300 (+4%) (+4%) +34 Aircraft +3.0%
19 22 (-5%) (+16%) 53 South Korea 49 (+8%) (+14%) 124 130 (+14%)(+5%) China Japan 140 139 77 (-1%) (-1%) 21 23 98100 (+24%) (+10%) 1618 3 3 Bangladesh 13 11 Taiwan (0%)(-15%) Macau Hong Kong
33 38 (+15%) India 11 4(0%)4 7850 49 Myanmar 1 1 4446 (+11%)(+2%) Thailand 11Cambodia 3 3 4746 Philippines 48 48 1113 (-4%) (0%) 3 4 61 5911 (0%) (+33%) Brunei (0%) (-3%) 1920 Malaysia Singapore 52 51 11 2121 (+13%) (-2%) 3 4 1616 (0%) (+33%) 1717 Indonesia PNG 12 20 Major Markets in 185 187 Asia Pacific - 2016 (+1%) (-6%) 2 2 New Caledonia2 2 Of the major markets, only three countries saw higher growth than in 2015:
#1 South Korea #2 Thailand Australia #3 Australia The largest fleet additions were 6162 in mainland China 12 14 (+50%)(+17%) New Zealand
Note (1): Fleet distribution is based on business jets in service and their active base of operation. Note (2): 2015 fleet figures for Asia Pacific are based on Asian Sky Group’s adjustments. 45
4 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 MARKET OVERVIEW
GREATER CHINA NEW ZEALAND
Greater China, including Mainland China, Hong Kong, Macau The geographical make up of New Zealand necessitated the and Taiwan, is the largest market in the Asia-Pacific region, and development of business aviation in the country’s aviation experienced 4% growth in 2016. With 477 business jets located industry. Although the helicopter industry is much larger, the in the area, Greater China has evolved into the regional leader business jet segment is growing, with the fleet at 14 business for business aviation. Most of the large business jet operators jets at the end of 2016, up from 12 in 2015. in the Asia Pacific region (including a few that operate globally) have bases in Greater China. Within Asia Pacific, Airbus, Boeing, Bombardier, Dassault, Embraer and Gulfstream all have their PHILIPPINES largest concentration of aircraft within the Greater China region. The Philippines fleet totaled 50 business jets at yearend 2016, an increase of 2%. With aspirations to become a top gaming and entertainment destination by 2020, the business AUSTRALIA aviation industry is being looked to as a growth driver, despite With the second largest fleet in the region at 187 business combatting the issue of insufficient infrastructure. jets, Australia saw 1% growth in 2016. Almost half of the country’s fleet is made up of light-size business jets, catering to frequent domestic flights along the coasts for SINGAPORE tourism and business. Singapore’s fleet saw a decline of 3% during the year. However, due to its central location and focused leadership, the island city-state has positioned itself as a key business INDIA aviation hub in Southeast Asia, with reputation as the major India operates the third largest fleet in the region with 139 center for MRO facilities. business jets, suffering a small 1% decline in 2016. Eight additions were made to the Indian business jet fleet during the year. Three of those were new deliveries, while five were SOUTH KOREA pre-owned. A total of nine aircraft exited the fleet in 2016. With a total of 22 business jets in the country, the South Korean business jet fleet saw a 16% increase in 2016. Korean Air is the largest operator in the country, while INDONESIA several major conglomerates including SK Group, Hyundai After aircraft relocations resulted in a 2% decline in fleet size, and LG Electronics operate their own fleet. Although the the country’s Transportation Ministry released a requirement country has endured a turbulent political climate over the in 2016 allowing foreign-registered business jets to again last year, the business aviation industry is gearing up for the travel domestically. The change was made in hopes of 2018 Winter Olympics in Pyeongchang. boosting the business aviation and tourism industries in the coming years. For a more detailed profile of business aviation in South Korea, please see Asian Sky Media’s 2017 Q1 JAPAN edition of Asian Sky Quarterly. Japan’s fleet grew 8% in 2016, due to the addition of several G650s and G650ERs. With the 2019 Rugby World Cup and the Summer Olympic and Paralympic Games in 2020, THAILAND Japan’s business aviation governing bodies are focused on Thailand’s fleet grew 15% in 2016, with mid-size and long- improving the industry. range jets now making up half of the fleet. Thailand’s previous strict regulations on the ownership of aviation businesses were relaxed in 2016 and will likely give way to MALAYSIA even more companies setting up in the country. Malaysia’s business jet fleet remained unchanged in 2016, due in part to the relocation of five N-registered aircraft moving to the US.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 5 MARKET TRENDS
Asia Pacific Fleet by Country 1,155 in Total
313
187
139 130
59 53 51 50 48 38 100+62+46+44+19+18+17+17+16+13+823 India China Japan Taiwan Thailand Australia Malaysia Indonesia Singapore Hong Kong Philippines
Airbus 15 2 2 1 3 1 2 2 2 1 1 1 33 3% -1
Boeing 10 2 5 2 1 2 2 3 2 5 3 37 3% +7
Bombardier 80 68 28 48 19 5 10 9 17 1 6 3 2 4 1 301 26% +2
Cessna 35 72 31 1 28 4 12 7 9 7 7 3 2 218 19% -2
Dassault 37 8 22 7 1 2 2 4 8 4 1 1 1 2 100 9% +7
OEM Embraer 26 6 16 3 6 15 1 3 1 2 79 7% +10
Gulfstream 102 12 10 66 22 14 5 12 8 12 9 4 2 2 3 283 24% +20
Hawker 8 9 28 4 2 12 8 1 7 3 2 1 1 86 7% -8
Others 10 1 1 4 2 18 2% -1
Total 313 187 139 130 59 53 51 50 48 38 23 22 14 11 4 4 3 3 2 1 1,155
Corp. Airliner 29 2 5 7 5 2 4 1 4 5 4 6 2 4 80 7% +6
Long Range 96 33 16 81 18 13 7 5 9 10 9 6 2 4 1 1 311 27% +36
Large 117 26 40 31 16 7 18 10 15 3 2 1 1 4 1 1 1 1 295 26% -4
Mid-Size 31 18 32 11 11 4 8 13 12 10 5 1 2 1 1 1 161 14% -10
Light 26 82 36 6 20 13 17 7 8 3 5 4 3 2 232 20% +10
Very Light 14 26 10 3 7 1 4 1 2 3 5 76 7% -4 SIZE CATEGORY Total 313 187 139 130 59 53 51 50 48 38 23 22 14 11 4 4 3 3 2 1 1,155
% of Total 27% 16% 12% 11% 5% 5% 4% 4% 4% 3% 2% 2% 1% 1%
Change from 2015 +13 +2 -1 +6 -2 +4 -1 +1 +5 +2 +3 +2 -2 +1 +1
6 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 MARKET TRENDS
Asia Pacific Fleet by Size Category Asia Pacific Fleet by OEM
Airbus 33 (3%) Others 18 (2%)
Very Light 76 (7%) Long Range 311 (27%) Boeing 37 (3%)
Corp. Airliner 80 (7%) Embraer 79 (7%) Bombardier 301 (26%)
Mid-Size 161 (14%) Hawker 86 (7%) 1,155 Dassault 100 (9%) 1,155
Light 232 (20%) Large 295 (25%) Cessna 218 (19%) Gulfstream 283 (24%)
22 14 11 7+5+4+2+2+1+1+1+127+4 4 25+20147+7+G 3 3 226+1 24+1997+732+G PNG Total 2015 Brunei Macau Myanmar % of Total Cambodia Bangladesh South Korea New Zealand New Change from New Caledonia New
Airbus 15 2 2 1 3 1 2 2 2 1 1 1 33 3% -1
Boeing 10 2 5 2 1 2 2 3 2 5 3 37 3% +7 #3
Bombardier 80 68 28 48 19 5 10 9 17 1 6 3 2 4 1 301 26% #1 +2
Cessna 35 72 31 1 28 4 12 7 9 7 7 3 2 218 19% #3 -2
Dassault 37 8 22 7 1 2 2 4 8 4 1 1 1 2 100 9% +7 #3
Embraer 26 6 16 3 6 15 1 3 1 2 79 7% +10 #2
Gulfstream 102 12 10 66 22 14 5 12 8 12 9 4 2 2 3 283 24% #2 +20 #1
Hawker 8 9 28 4 2 12 8 1 7 3 2 1 1 86 7% -8
Others 10 1 1 4 2 18 2% -1
Total 313 187 139 130 59 53 51 50 48 38 23 22 14 11 4 4 3 3 2 1 1,155
Corp. Airliner 29 2 5 7 5 2 4 1 4 5 4 6 2 4 80 7% +6 #3
Long Range 96 33 16 81 18 13 7 5 9 10 9 6 2 4 1 1 311 27% #1 +36 #1
Large 117 26 40 31 16 7 18 10 15 3 2 1 1 4 1 1 1 1 295 26% #2 -4
Mid-Size 31 18 32 11 11 4 8 13 12 10 5 1 2 1 1 1 161 14% -10
Light 26 82 36 6 20 13 17 7 8 3 5 4 3 2 232 20% #3 +10 #2
Very Light 14 26 10 3 7 1 4 1 2 3 5 76 7% -4
Total 313 187 139 130 59 53 51 50 48 38 23 22 14 11 4 4 3 3 2 1 1,155
% of Total 27% 16% 12% 11% 5% 5% 4% 4% 4% 3% 2% 2% 1% 1%
Change from 2015 +13 +2 -1 +6 -2 +4 -1 +1 +5 +2 +3 +2 -2 +1 +1
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 7 MARKET OVERVIEW
Asia Pacific Top 10 Operator’s Fleet Deer Jet BAA Aviation TAG Jet HongKong Sino Jet Metrojet Execujet Lily Jet China Eastern Total Jet Aviation Jet
Country CN CN HK HK HK CN HK AU CN CN Model Airbus ACJ318 2 1 2 1 6 ACJ319 1 2 2 5
ACJ320 1 1
Boeing B787-8 1 1
BBJ 2 4 3 1 10
Bombardier Challenger 300/350 1 1 1 3
Challenger 604 1 1 2 4
Challenger 605 1 3 2 1 3 1 1 1 13
Challenger 800/850 1 3 5 9
Global 5000 7 2 1 1 3 2 16
Global 6000 4 9 4 2 3 1 23
Global Express 1 1 1 3 #3
Global Express XRS 4 1 1 3 1 10
Learjet 60/XR 1 1
Cessna Citation III/VI/VII 1 1
Dassault Falcon 2000S 1 1
Falcon 7X 4 9 3 1 2 1 20
Falcon 900LX 1 2 1 1 5
Embraer Legacy 600 1 1
Legacy 650 4 1 5 1 5 16
Lineage 1000 1 1 Gulfstream G200 2 1 2 3 1 1 1 2 1 14 G280 1 1
G300/G350 1 1
G450 12 8 6 6 3 5 3 2 45 #2 G550 18 9 1 9 4 4 8 1 3 57 #1
G650 1 4 4 4 1 14
G650ER 2 3 2 5 12
GIV/IV-SP 1 1 2
GV 1 1
Hawker Hawker 4000 1 1 Hawker 800A/B/850XP/ 2 1 3 XPI/125-1A Total 47 46 41 34 33 30 23 18 15 14 301
AU: Australia | CN: China | HK: Hong Kong % of Total: 26%
8 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 MARKET OVERVIEW
Asia Pacific Fleet by Age 62% 100 Under 10 Years Old 90 80 70 60 50 40 30 20 10 0 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Year of Manufacture
Average Aircraft Age by Country
23 21 20 19 17 15 14 12 12 12 11 11 11 11 11 8 8 7 7 7 PNG India China Japan Brunei Macau Taiwan Thailand Australia Malaysia Myanmar Indonesia Singapore Cambodia Hong Kong Philippines Bangladesh South Korea New Zealand New 23+21+20+19+17+15+14+12+12+12+11+11+11+11+11+8+8+7+7+7 Caledonia New
The average age of an aircraft in Greater China is eight years, which is well below most countries within the Asia-Pacific region. In its entirety, the Asia Pacific fleet remains one of the world’s youngest, with PNG being the oldest in the region, with an average age of 23 years and Hong Kong and Taiwan being the youngest, with an average age of seven.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 9 AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER
AIRCRAFT SPOTLIGHT GULFSTREAM G650 & G650ER
usiness leaders and entrepreneurs in the Asia-Pacific region know that there is no finer choice than a Gulfstream aircraft to reach key international markets at the fastest speeds. BWith the recent type certificate validation from the Civil Aviation Administration of China, customers in the region are now able to register their Gulfstream G650s and Gulfstream flagship G650ERs in the country.
10 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER
The G650ER, able to travel 7,500 nautical miles/13,890 kilometers at Mach 0.85, exemplifies speed and efficiency. Its sister ship, the G650, flies nearly as far 7,000 nm/12,964 km at Mach 0.85. Both aircraft are routinely flown at Mach 0.90, which provides operators a tremendous time savings.
The aircraft’s two Rolls-Royce BR725 engines are capable of rocketing the G650 and G650ER from Tokyo to Hong Kong in 4 hours, London to Hong Kong in 10 hours and 27 minutes, or New York to Beijing in only 13 hours and 20 minutes.
Whatever your mission, there is a cabin configuration to match. The G650 and G650ER are fully customizable, tailored to each customer’s personal style in up to four completely distinct living areas. Seamlessly transition from meeting around the conference table to watching a film on one of the many HD LCD monitors. Adjusting the cabin environment from work to entertainment to rest is only a few taps away with the Gulfstream-designed Cabin Management System, which controls audio, video, lighting, temperature and window shades all from a smart phone or tablet.
With more than 300 Gulfstream aircraft in the Asia-Pacific region, customers have convenient access to field service Gulfstream’s convenient and state-of-the-art Beijing Service representatives in Hong Kong, Beijing and Shanghai, the Center at Beijing Capital International Airport was recently Asia Customer Support Contact Center in Hong Kong, and named China’s Best Business Jet MRO by the Beijing Business rapid-response support from Gulfstream’s Hong Kong-based Aviation Association. The skilled facility technicians are Field and Airborne Support Team technicians. No matter certified to assist with anything from airframe maintenance where you are in the world, Gulfstream is on call every step to avionics installation and repair.
Gulfstream has made it a mission to support the Asia-Pacific region’s unique business aviation needs, as evidenced in the company’s astounding regional fleet growth of 84 percent since 2012 and the availability of more than $65 million in parts and materials.
The G650ER and G650 combine best-in-class range and speed with unmatched cabin comfort. That’s creating and delivering the world’s finest aviation experience.
www.gulfstream.com of the way with top-rated product support. Gulfstream is available 24 hours a day, 365 days a year, with technical support through a centralized call center and field service representatives around the world.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 11 AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER
SPECS
G650 G650ER
Range1 7,000 nm Range1 7,500 nm (NBAA IFR reserves, Mach 0.85, (NBAA IFR reserves, Mach 0.85, 8 pax and 4 crew) 8 pax and 4 crew)
High Speed Mach 0.90 High Speed Mach 0.90
Long Range Mach 0.85 Long Range Mach 0.85
Passengers up to 18 Passengers up to 18
Cabin Dimensions Height 6 ft 5 in Cabin Dimensions Height 6 ft 5 in Width 8 ft 6 in Width 8 ft 6 in Length 46 ft 10 in Length 46 ft 10 in
Cabin Volume 2,138 cu ft Cabin Volume 2,138 cu ft
Baggage Capacity Internal 195 cu ft Baggage Capacity Internal 195 cu ft
Feature: Feature: • 16 Large Gulfstream Panoramic Windows • 16 Large Gulfstream Panoramic Windows • Forward or Aft Galley • Forward or Aft Galley • Forward and Aft Lavatories • Forward and Aft Lavatories • 12 Select Floorplans or Tailored Floorplan • 12 Select Floorplans or Tailored Floorplan
1 NBAA IFR theoretical range. Actual range will be affected by ATC routing, operating speed, weather, outfitting options and other factors.
12 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 MARKET TRENDS
he Asia-Pacific region’s business jet fleet saw an vs 37), and reflecting an almost 50% year-over-year increase overall growth rate of 3.0% in 2016, down from a in the number of pre-owned aircraft acquisitions. T 5.5% growth rate in 2015. Aircraft deductions also increased to 78 in 2016 from just 41 2016 saw the arrival of 112 aircraft into the region, offset by in 2015 – almost doubling the outflow of aircraft (+90%). 78 deductions from aircraft being retired, sold or relocated, for a net increase of 34 business jets. While some “deductions” were removals from the market, either from retirement or a change of base or operator, the Additions were split 51% /49% between new and pre-owned majority were sold, reflecting an increase in the number of (55 new vs 57 pre-owned), a significant shift towards pre- aircraft sales transactions: 72 in 2016 compared with 32 in owned aircraft compared with 2015’s ratio of 62% / 38% (60 2015, a year-over-year increase of 125%.
Aircraft Additions and Deductions 2015 (Net Additions: 58) 2016 (Net Additions: 34)
2015
Pre-owned Additions New Deliveries (+60)
(+39) 60 57 55
39 0+41+0 38* 0+0+79Deductions1 0+600+57New Deliveries Pre-owned 0+390+55 Additions ASIA-PACIFIC REGION -41
-78
Deductions (-41) 32 Transactions Aircraft Transactions 1009 Removals+G Pre-owned Transactions2 2016 New Deliveries Pre-owned Additions New Deliveries (+57) (+55) Fleet Size (Units) Volume (USD Billions) 22* +0.7 1.8 +56 ASIA-PACIFIC 127 (35%) REGION 71 (69%) 1.1 (54%) (30%) 54 33 3.3 2.6 +0.7 -3 5660 10057 (70%) (65%) (46%) (31%) 78100 472015 452016 2015 2016 Deductions (-78) 72 Transactions 1006 Removals+G Note (1): Fleet deductions include aircraft sold out of the region and out of operation. Note* : Transactions and relocations within the Asia-Pacific region Note (2): Pre-owned transactions exclude inter-APAC transactions.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 13 MARKET TRENDS
New Deliveries Fleet Size (Units) Estimated Market Value (USD Billions)
Cessna 3 (5%) Dassault 2 (3%) Dassault (3%) Cessna (1%)
Boeing 4 (7%) Gulfstream 26 (46%) Embraer (5%) Gulfstream (45%)
Bombardier (21%) Embraer 10 (18%) +57 3.3 Bombardier 12 (21%)46+21+1875+3G Boeing (25%) 45+25+21531G Pre-owned Additions Fleet Size (Units) Estimated Market Value (USD Billions)
Airbus 1 (2%) Others 1 (2%) Airbus (3%) Cessna (2%) Hawker Hawker 3 (6%) Gulfstream 16 (29%) Embraer (3%) Others Embraer 4 (7%) Dassault (9%)
Boeing 4 (7%) Boeing (9%) Gulfstream (52%) Cessna 5 (9%) +55 1.0 Dassault 7 (13%) 29+Bombardier25+1397+762+G 14 (25%) Bombardier (22%)52+22+932+G Deductions Fleet Size (Units) Estimated Market Value (USD Billions)
Dassault 2 (2%) Boeing 1 (1%) Embraer (3%) Boeing (3%)
Airbus 2 (3%) Others 2 (3%) Hawker (3%) Cessna (2%) Embraer 4 (5%) Bombardier 24 (31%) Dassault (3%) Others
Cessna 10 (13%) Airbus (10%) Gulfstream (43%) Hawker 11 (14%) -78 0.8 31+73+1485 Gulfstream28+14135+321+G 22 (28%) Bombardier (33%)43+3310320+G North America 57 (73%) Out of Operation 6 (8%) Europe 11 (14%) Other Regions 4 (5%)
14 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 MARKET TRENDS
Considering both acquisitions and sales, there has been a New Deliveries by Top Model dramatic overall increase in pre-owned activity, with the 2015 number of total pre-owned aircraft transactions increasing 2016 to 127 in 2016 from 71 in 2015 (+79%), and with a market value of US$1.8 billion, up from US$1.1 billion (+64%). 17 10 8 9 7 5 4 0 Considering both new and pre-owned, the total number of of aircraft transactions in 2016 was 184 versus 131 in 2015
(+40%), with the market value of all transactions rising from G550
US$3.7 billion in 2015 to US$5.1 billion in 2016 (+38%). 0+8+00+0+17 G650/ER 0+10+0 0+0+9 0+0+00+0+5 0+7+00+0+4 Global 6000 Phenom 300 These 184 tansactions include aircraft going into and out of the Asia-Pacific region, as if it was a single market. However, there are of course transactions occurring between countries within the Asia-Pacific region too. In 2016, there were 22 such Pre-Owned Additions by Top Model “Inter-APAC” transactions versus 38 in 2015. This represents quite a significant reduction (16 aircraft, -42%) in business aviation activity within the Asia-Pacific region. 6 4 3 4 3 4 3 2 2 This shift however is more than compensated for by the 0 1 1 previously mentioned increase in transactions into and out
of the region. An examination of where the fleet deductions BBJ G650 G550 from the Asia-Pacific region are going shows that 73% went 0+0+00+0+18 0+12+0 0+0+6 0+9+00+0+12 0+0+120+9+0 0+3+00+0+9 0+6+0 G200 0+0+3 to the U.S., which may be more an indications of the strength and drawing power of the US business aviation market at the Global 6000 moment, than a reflection of any weakness in APAC. Learjet 35/A/36/A Learjet
The dominance of pre-owned additions and deductions to the market in 2016, including aircraft sold out of the region Deductions by Top Model and retired, can greatly be attributed to market activity in two areas, Greater China and Australia. 6 6 5 The region’s largest market, Greater China, is also one of its 4 4 4 2 3 2 youngest, and saw the most additions and deductions in 1 1 1 2016; with 34 new and 19 pre-owned additions. At the same time, 34 aircraft were removed from Greater China, with 20 G550 sold out of Mainland China, mostly going to the U.S. G450
0+6+00+0+18 0+3+0 0+0+18 0+9+00+0+15 GIV/IV-SP 0+3+0 0+0+120+3+00+0+12 0+6+0 0+0+12 Australia also saw significant activity in 2016. There were Global Express Challenger 605
only two new deliveries added to the fleet but 16 pre-owned 800A/B/ Hawker additions. While 13 aircraft were either relocated or sold, 850XP/XPI/125-1A again mainly to the US. by the OEM. Six more G650/ERs were pre-owned additions, By the numbers in 2016, Gulfstream was the leading bringing the Asia-Pacific region total for 2016 to an incredible manufacturer with both the most new and pre-owned 23 aircraft, 40% of the G650/ER’s worldwide deliveries. deliveries. Gulfstream’s fleet has increased steadily for over the past 5 years to where it is today. Greater China Bombardier’s large cabin, long-range Global 6000 also faired fleet makes up 63% of its Asia-Pacific fleet, which is well in 2016, with total worldwide deliveries of 42 aircraft; supported by maintenance and service centers across the nine (21%) of which were delivered to the Asia-Pacific region. country and region. The majority of the pre-owned additions for both the G650/ ER and Global 6000 in the Asia-Pacific region consisted of The most preferred new delivery model in 2016 was the resold, newly delivered aircraft, sometimes immediately, long-range G650/ER. The G650/ER saw 58 worldwide new thus exhibiting a new trend and further demonstrating the deliveries, with 17 (29%) sold to Asia-Pacific buyers directly vitalness of the Asia-Pacific market to OEMs.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 15 MARKET TRENDS
Net Fleet Growth by OEM 2014 (1,062) 2015 (1,121) 2016 (1,155) 301 299 283 268 263 249 220 218 215 100 94 93 101 86 87 79 69 67 37 34 33 29 30 28 89+0+00+100+00+0+100 0+87+00+0+9483+0+0 71+0+0 0+74+00+0+73 0+31+00+0+3329+0+0 33+0+0 0+31+00+0+29 22+0+0 10+0+00+23+00+0+26 9+0+00+10+00+0+12 6+0+00+11+018 0+0+11 19 0+6+0 18 0+0+6 Airbus Others Boeing Cessna Hawker Embraer Dassault Gulfstream Bombardier
Net Fleet Growth by Size Category 311 299 295 275 277 247 232 222 212 178 171 161 80 80 80 76 74 23+0+00+25+00+0+2768 82+0+00+91+00+0+10092+0+00+100+0 0+0+98 0+57+00+0+5459+0+0 70+0+0 0+74+00+0+77 27+0+0 0+27+0 0+0+25 Light Large Mid-Size Very Light Very Long Range Corp. Airliner Corp.
Asia Pacific Business Jet Fleet Growth Historical & Forecast
1,167 1,155 +1% +3% 1,121
+6% 1,062
2014 2015 2016 2017
Embraer’s Phenom 300 and Gulfstream’s G550 also achieved by Boeing, Embraer, Gulfstream and Dassault. performed well in 2016. Gulfstream remained the leading Mirroring somewhat the performance of each OEM, the long- manufacturer in the pre-owned segment, with the G550 one range size category continued to be the best performing of the most acquired aircraft and the G450 one of the most segment in 2016 along with surprising growth in corporate resold models. Gulfstream also had the highest market value airliners and light jets. The large, mid-size and very light in dollars with its new deliveries and pre-owned additions, categories all contracted in 2016. followed by Boeing which added both a 787 BBJ and 747-8 BBJ in the region to go along with six BBJs.
Examining the performance of the OEMs further, growth for Bombardier, Cessna and Airbus was virtually flat (up or down one or two aircraft), with the only significant gains being
16 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS
A PROMISING FUTURE INTERVIEW WITH MICHAEL AMALFITANO PRESIDENT & CEO, EMBRAER EXECUTIVE JETS
Interview by Litalia Yoakum
oining the Brazilian aircraft manufacturer Embraer Executive Jets in March 2017, newly appointed President Michael Amalfitano is preparing to take the company to new heights. J Amalfitano, who succeeds Marco Tulio Pellegrini, will take the reins of the Melbourne, Florida-based Executive Jets unit bringing along over 35 years of business aircraft leasing and financial services experience. In the coming years, he is confident Embraer Executive Jets, which was recently noted for delivering the highest volume of any business jet model for the fourth year in 2016 for its Phenom 300 light jet, will continue developing with the growing market and surpass expectations.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 17 PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS
PLEASE TELL US ABOUT YOUR EXPERIENCE HOW DO YOU THINK YOUR WORK IN PRIOR TO TAKING ON YOUR NEW ROLE AT AIRCRAFT FINANCE WILL TRANSLATE INTO EMBRAER EXECUTIVE JETS. SUCCESS AT EMBRAER?
My experience in the business aviation industry spans Embraer has the industry’s broadest product portfolio more than 35 years, most of which was spent in senior of business jets—uniquely positioned in terms of value management positions in global leasing and financial service proposition—and top-ranked customer support solutions. companies. In my previous role, I was responsible for building Embraer is a solid company with multiple achievements in and leading a newly formed Business Aviation Finance recent years, and a very promising future. Our passionate platform that serves a broad range of middle market to large team of employees strives for excellence in everything they businesses, in addition to high net worth individuals within do. We´ve already established the foundational elements of the underserved corporate aircraft finance market. the business, and I’m bringing my industry experience to leverage our executive aviation business and maximize the value we generate to all our stakeholders. The Company’s IN YOUR NEW ROLE AS CEO OF EMBRAER growth, since it EXECUTIVE JETS, WHAT DO YOU HOPE TO was established in ACHIEVE? Business aviation is a very competitive market, where 2005, demonstrates retaining a leadership position strictly by organic growth can prove to be quite a challenge—especially through an unprecedented an economic valley. The Company´s growth, since it was established in 2005, demonstrates an unprecedented success in this success in this market in such a short period. We are privileged to have a team of dedicated employees, who market. leverage Embraer`s highly valued aircraft portfolio to the
Paulo Cesar | Michael Amalfitano | Marco Tulio
18 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS
benefit of our customers and shareholders worldwide. costs. Another key element that we focus on to differentiate Leveraging and extracting the most value from all these ourselves is the level of support we provide our customers assets is one of my goals in this new position. after they’ve taken delivery of their aircraft and we pride ourselves in having the industry’s number one ranked customer support organization.
The Phenom 300 WHICH MODELS ARE SEEING THE MOST is the industry’s SUCCESS? We see our entire portfolio well positioned in the segments best selling we compete. The Phenom 300 is the industry’s best selling business aircraft for the fourth consecutive year. It was business aircraft designed to be the best-in-class light business jet, and it rapidly gained market share upon entry into service in late for the fourth 2009. The Legacy 450 and Legacy 500 have redefined the consecutive year. essence of the mid-size and mid-light business jet sectors, establishing a new benchmark. Customers are very pleased with the digital flight control fly-by-wire technology—the fuel efficiency it renders—as well as the cabin comfort and extremely smooth flight.
This year we are also bringing to the market the newest versions of the Phenom 100 and the Legacy 650, with new technologies and features that further enhance the value these aircraft deliver to our customers. Also, we have seen our flagship Lineage 1000E gain traction—especially in the U.S.— giving ultra-long range aircraft users a compelling solution to own a much larger cabin, without compromising range for transoceanic missions.
WHAT IS THE COMPANY DOING TO KEEP IN TOUCH WITH THE FAST-GROWING ASIAN HOW DO EMBRAER’S BUSINESS JETS MARKET? COMPETE WITH OTHERS ON THE MARKET? Embraer has increased significantly its presence in the We have been able to differentiate Embraer Executive Jets Asia-Pacific region as one of the top-priority markets from its competitors by introducing truly innovative products for each of the Company’s business units: Commercial in each segment we compete. One of Embraer’s strengths Aviation, Defense & Security and Executive Aviation. On is its ability to accurately identify market opportunities and the business aviation front, we have been expanding our develop superior products to fulfill the requirements of the customer support network in the region to keep up with most demanding customers. Combining new technologies our fleet growth, and strengthened our prospecting with a with the right market opportunities is crucial to achieving new authorized sales representative in Japan. The arrival success in the business jet arena. We design our aircraft of hundreds of Embraer business jets to the market over for the specific requirements of each segment, aiming for the last few years—combined with an excellent customer the perfect balance of performance, reliability, comfort and experience—is solidifying our brand locally.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 19 PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS
WHAT ARE SOME OF THE SUCCESSES WHAT ARE YOUR FUTURE EXPECTATIONS EMBRAER HAS ENJOYED OVER THE PAST FOR EMBRAER EXECUTIVE JETS? FEW YEARS? Embraer Executive Jets is prepared for a promising future. Embraer Executive Jets celebrated many significant We will remain a major player by leveraging and extracting milestones in recent years. The certification of the Legacy the most value from all our assets. We need to continuously 500 and Legacy 450 completed our broad portfolio of review the value chain composition, looking for ways to products and the delivery of 1,000 Embraer business jets sustain our competitiveness and enhance our customers’ in a little over a decade of operations demonstrates our experience. Embraer’s unique portfolio of products and solid commitment to the market and to customers. In 2005, services have placed us in a leadership position. Now, we Embraer´s executive aviation division represented 7% of the are ready to respond to future business aviation model Company´s total revenue. In 2016, we account for close changes and unleash new growth opportunities. I am to 30% of Embraer´s consolidated revenues. In the same committed to continuing our tradition of challenging the period, our market share increased from 2.7% to 18%, in status quo by further enhancing the value we provide to our terms of global business jet deliveries. customers around the world.
Being top-ranked in overall customer satisfaction also www.embraerexecutivejets.com demonstrates the recognition and confidence of global operators in our products and services, which were designed to surpass their expectations. We are also very proud to manufacture the world’s most delivered business jet for the last four consecutive years – the Phenom 300.
20 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 AIRCRAFT SPOTLIGHT EMBRAER LEGACY 450 & 500
Following the success of its commercial aviation division, Brazilian manufacturer Embraer began exploring the market of executive aviation in 2000, when it also introduced the Legacy, based on the same platform as the ERJ 135 regional jet. In 2005, Embraer Executive Jet was officially created. The establishment coincided with the launch of the Phenom 100 and Phenom 300. Embraer has since developed a full line of business jets ranging from the entry-level Phenom 100 to the ultra-large cabin Lineage 1000 jet. AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500
Entering service in 2014 and 2015, respectively, the Legacy 450 and 500, two of Embraer’s latest models, are mid-size business jets transcending all others in its class. The Legacy 450 and Legacy 500 are designed to establish a new standard in their respective categories (mid-light jet and mid-size jet) by offering extraordinary performance, fly-by-wire technology and low operating costs.
As the fastest mid-light business jet, the Legacy 450 travels The slightly larger mid-size jet Legacy 500 includes all of the at a high cruising speed of Mach 0.82, with a maximum features of the 450, along with some enhancements. The range of 2,900nm. Powered by Honeywell’s HTF7500E 12-passenger jet is the fastest in its class, delivering a high- turbofan engine and 36-150 auxiliary power unit, the 450 cruise speed of Mach 0.82, excellent runway performance, can climb directly to 43,000-feet, departing from sea level and US coast-to-coast range for eight – or a long-range with a maximum takeoff, in only 21 minutes. cruise speed of 3,125nm. Powered by the same engines as the Legacy 450, the HTF7500E turbofan engine utilizes At six-feet tall and 24 feet long, the stand-up cabin is the Honeywell’s single annular combustor for emissions reduction tallest and widest in its class. Included in the cabin is (SABER) technology reduces CO2 emissions and lowers robust entertainment and connectivity, a low 6,000 feet aircraft operating costs by minimizing fuel consumption. cabin altitude, and the only wet-galley option in the mid- light category. The influence of Embraer’s partnership At six feet tall and six feet 10 inches wide, the cabin of with BMW Group DesignworksUSA is seen throughout the Legacy 500 is the largest in the mid-size class. With the cabin. Seating for a total of nine passengers includes a fully-equipped galley, excellent connectivity and in-flight two center club seats that fully berth to create beds. A entertainment, relaxation in the 500 is easy. Honeywell’s combined internal and external stowage capacity of 150 Cabin Management System (CMS) offers individual cubic feet is by far the largest in its class. touchscreen and wireless iPad/iPhone controls, fully- integrated audio and video distribution, Blu-ray players and media inputs and two full HD displays. Optimally placed windows and ergonomic seating provide comfort throughout the flight for up to 12 passengers. Optional seating allows for an aft three-place divan on both sides, belted toilet and forward side facing seat.
Just as the 450, the 500 offers fly-by-wire controls for a smooth ride. To ensure comfort in the cockpit, just as in the cabin, state-of-the-art avionics are utilized including a Synthetic Vision System (SVS), takeoff/landing data (TOLD) and Embraer’s Enhanced Vision System. The Legacy 450 is the first jet in its class to replace conventional controls with full fly-by-wire technology, Embraer’s Legacy 450 and 500 continue to be a success enabling a smoother, more natural feeling flight by in their respective size categories, truly embodying the translating the manual input from the pilot electronically philosophy of Embraer Executive Jets – Rethink Convention. rather than mechanically. The system increases the number of control surfaces that can be activated simultaneously, www.embraerexecutivejets.com allowing for maximum performance and control, while reducing the pilot workload and creating a smoother flight for passengers.
22 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500
SPECS
LEGACY450 LEGACY500
Range 2,300 nm Range 3,000 nm (NBAA reserves, 200nm alternate, LRC, 4 pax) (NBAA reserves, 200nm alternate, LRC, 4 pax)
High Speed Mach 0.82 High Speed Mach 0.82
MMO Mach 0.83 MMO Mach 0.83
Balanced Field Length 4,000 ft Balanced Field Length 4,600 ft (MTOW, ISA, SL) (MTOW, ISA, SL)
Landing Distance 2,300 ft Landing Distance 2,400 ft (4 pax, NBAA IFR reserves) (4 pax, NBAA IFR reserves)
Maximum Operating Altitude 45,000 ft Maximum Operating Altitude 45,000 ft
Avionics Rockwell Collins Pro Line FusionTM Avionics Rockwell Collins Pro Line FusionTM
Seating Configuration 2 + 7/9 Seating Configuration 2 + 8/12 (Crew + Standard Pax/Max Pax) (Crew + Standard Pax/Max Pax)
Cabin Dimensions Height 6 ft Cabin Dimensions Height 6 ft Width 6 ft 10 in Width 6 ft 10 in Length 22.4 ft Length 26.8 ft
Baggage Capacity External 110 cu ft Baggage Capacity External 110 cu ft Internal 40 cu ft Internal 40 cu ft
External Dimensions Height 22 ft 1 in External Dimensions Height 22 ft 1 in Wing Span 66 ft 5 in Wing Span 66 ft 5 in Length 62 ft 10 in Length 67 ft 4 in
Feature: Feature: • Full fly- by-wire controls • Full fly- by-wire controls • Auto-throttle • Auto-throttle • Synthetic vision system • Synthetic vision system
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 23 OPERATOR OVERVIEW
he top 10 operators in the region operate 26% of its total business jet fleet. HongKong Jet, Sino Jet Top 10 Operator’s Fleet T and Lily Jet are the only operators in the top 10 that Asia Pacific saw growth this year, with the rest suffering declines. The highest growth rate was achieved by Bellawings (+267%) % of Top 10 Operator's Fleet out of Total Fleet and the largest decline by Metrojet (-23%).
These results encapsulate the story of 2016, as new upstarts 29% continued to take market share from the legacy management 28% companies. Established in 2014, Hong Kong-based 26% Bellawings Jet Limited has acquired a fleet of 11 aircraft, with a few more still to come in 2017. China-based charter No. of Operators operator Sparkle Roll now has a fleet of seven aircraft, while 457 new operators Hanergy and Vision Aviation operate a fleet of 434 445 four and three aircraft, respectively.
These new operators are finding success as clients in the region look for more options and different types of service, 43+0+02014 0+45+020150+0+462016 turning away from more established operators and towards smaller players who are able to cater to specific needs and with more personalized services. While the top operators remain firmly established, these up and coming operators Small to Medium Operator’s Fleet1 are playing an active role in shaping the market. Greater China
1) The top operator in the Asia-Pacific region continues to % of Small to Medium Operator's Fleet out of Total Fleet be Mainland China based Deer Jet, founded in 2006. The charter operator and aircraft management company under China’s HNA Group has reigned for years in the top spot. 31% However, recent years have seen a dramatic decrease in fleet 28% numbers. Between 2014-2015 its fleet decreased 13%, with 26% nine aircraft leaving. The 2015-2016 period saw a similar result, with the fleet size decreasing 20%. The declines of the past few years is somewhat attributable to the retirement 2014 2015 2016 of older aircraft on the Deer Jet fleet, including Hawker and Gulfstream models. Still, Deer Jet is the top operator of Note (1): Operator with fleet less than or equal to 6 Gulfstream aircraft in the region, with 33 in total, as well as the top G450 and G550 operator, with 12 and 18, respectively.
2) Business Aviation Asia (BAA) faced a similar trajectory to with 11 aircraft, nine of which are 7Xs. BAA also has the most that of Deer Jet in 2016. The aircraft management company, Challenger 605s, with three, along with Sino Jet. acquired by China Minsheng Investment Group (CMIG), experienced a 15% decline in its fleet size. Management 3) Worldwide aviation management company TAG Aviation, changes and several new operators in the Greater China headquartered in Switzerland, ended 2016 with a fleet of 41 market were likely contributors. Despite this, BAA remains aircraft based in the Asia-Pacific region, which is a quarter of the top Airbus operator in the Asia-Pacific region, along the company’s worldwide fleet. Between 2014-2015, TAG’s with HongKong Jet, both operating four Airbus aircraft. The fleet decreased 8%, and this year saw a further decrease of 9%. company is also the top operator in the region for Dassault However, TAG still manages to be the top Bombardier operator
24 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OPERATOR OVERVIEW
in the region, with 26, as well as operating the most Global Boeing and BBJ models in the region, the company’s fleet 5000 and 6000 aircraft, with seven and nine respectively. has a growing number of ACJ318s, G200s, G550s, G650s and G650ERs. 4) Zurich-based aviation management company Jet Aviation, has 34 of its worldwide fleet of 300 aircraft based in the Asia- 6) Sino Jet, which was acquired by Tsing Hua Capital in 2014, Pacific region. Like several other operators, Jet Aviation saw is amongst the few growing operators on the top operator a decline in fleet numbers during 2015-2016. Its fleet size list. With a fleet of 30 business jets, Sino Jet saw an increase decreased 13%, after increasing 26% between 2014-2015. of 80% from 2014-2015 and an increase of 67% from 2015- 2016. The Hong Kong-based aircraft management company 5) HongKong Jet, held under the HNA Group’s umbrella is the top Legacy 650 operator in the region, with five in their and which recently acquired Asia Jet, is one of the few fleet, along with China Eastern, as well as the top Challenger companies that saw an increase in 2016. From 2014-2015, 605 operator, with three in total, along with BAA. the company’s fleet increased 40% and from 2015-2016 it increased another 18%. Along with being the top operator of
Net Fleet Growth by Top Operator
2014 (300) 2015 (318) 2016 (301) 68 59 54 49 47 46 45 45 41 39 35 34 33 31 30 30 28 23 20 18 18 18 15 16 15 14 14 13 11 10
68+0+00+59+00+0+47 45+0+0 0+54+00+0+46BAA 49+0+00+45+00+0+41 31+0+00+39+00+0+3420+0+0 0+28+00+0+33 10+0+00+18+00+0+30 35+0+0 0+30+00+0+2315+0+0 11 +0+00+18+00+0+18 160+13+00+0+15+0+0 0+0+14 0+14+0 Lily Jet Sino Jet Deer Jet Metrojet Execujet Jet Aviation Jet TAG Aviation TAG HongKong Jet HongKong China Eastern
Net Fleet Growth by Fastest Growing Operator 2014 (55) 2015 (75) 2016 (128) 33 30 28 20 18 11 11 11 10 8 8 8 7 7 7 5 5 5 4 4 3 3 3 2 3 2 2 0 0 0 0 0 0
20+0+00+36+00+0+60 0+0+00+6+00+0+22 0+0+6640+0+00+56+0 00+4+0 +0+0 0+0+14 0+0+00+0+0 0+0+8ICTSI 14+0+00+14+0 0+0+22 8+0+0 0+4+00+0+10 6+0+0 0+10+0 16+0+00+0+160+16+0 0 +0+00+0+22 0+0+060+0+6+0+0 0+4+0 0+0+10 Sino Jet Win Air Jet Korean Air Korean Bellawings Sparkle Roll Sparkle Nanshan Jet HongKong Jet HongKong Aegle Aviation Aegle Vision Aviation Asian Corporate Aviation Asian Corporate
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 25 OPERATOR OVERVIEW
Fleet by Operator and Model 20 20
Deer Jet 18 2014 (68)
14 2015 (59) 13 (47)
12 2016 7 6 5 4 4 4 4 4 3 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 GV BBJ G550 G200 G450 ACJ319 ACJ320 GIV/IV-SP 6+0+00+6+00+0+3 3+0+00+3+00+0+3 6+0+00+6+00+0+6 3+0+00+3+00+0+3 3+0+00+3+00+0+3 3+0+00+3+00+0+3 12+0+00+12+00+0+12 7X Falcon 21+0+00+12+00+0+6 39+0+00+42+0 0+0+36 0+0+54 60+0+00+60+0 12+0+0 0+3+00+0+3 9+0+00+3+00+0+0 18+0+00+15+00+0+6 0+0+06+0+00+3+0 0+0+33+0+00+3+0 Hawker 4000 Hawker Falcon 900LX Falcon Falcon 2000S Falcon Hawker 800A/ Hawker Hawker 900XP Hawker Challenger 605 B/850XP/XPI/125-1A
BAA 2014 (45) 2015 (54) 2016 (46) 11 9 9 9 8 8 8 8 7 5 5 4 4 4 4 3 3 3 3 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 G200 G450 G650 G280 G550 ACJ319 ACJ318 Falcon 7X Falcon Legacy 650
3+0+00+6+00+0+6 3+0+00+3+00+0+6 12+0+00+9+00+0+9 0+9+00+0+39+0+0 0+12+00+0+1215+0+0Global 6000 3+0+0 0+3+00+0+3 3+0+0 0+3+00+0+0 24+0+0 0+33+00+0+27 0+3+00+0+0 3+0+0 0+6+00+0+6 6+0+0 0+00+0 3+0+0+0+0 0+0+00+6+00+0+0 21+0+00+24+00+0+24 27+0+00+24+00+0+270+0+00+0+00+0+3 0+0+00+15+00+0+12 3+0+0 0+6+00+0+0 Falcon 900LX Falcon Lineage 1000 Learjet 60/XR Learjet Challenger 605 Falcon 900EX/EASy Falcon Challenger 800/850 Citation 525/CJ1/+/M2
TAG Aviation 2014 (49) 2015 (45) 2016 (41) 9 9 9 7 7 6 6 5 5 4 4 4 4 4 4 4 3 3 3 3 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 G450 G650 G200 G550 ACJ319 G650ER Falcon 7X Falcon Legacy 600 Legacy 650 Global 6000 3+0+00+3+00+0+0 3+0+00+3+00+0+0 6+0+00+3+00+0+3 12+0+00+12+00+0+6 0+0+912+0+00+9+0 0+0+2127+0+0 0+27+0Global 5000 0+21+0 0+0+2712+0+0 0+0+03+0+0 0+3+0 0+0+1212+0+0 0+12+0 0+3+0 0+0+03+0+0 18+0+0 0+9+00+0+9 3+0+00+3+00+0+3 3+0+00+3+00+0+3 15+0+00+15+00+0+18 3+0+00+3+00+0+3 3+0+00+3+00+0+0 0+0+00+0+00+0+6 3+0+00+0+00+0+0 3+0+00+3+00+0+3 3+0+00+0+00+0+0 Falcon 900LX Falcon Lineage 1000 Learjet 60/XR Learjet Global Express Challenger 604 Challenger 605 Global Express XRS Challenger 300/350 Challenger 800/850
26 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OPERATOR OVERVIEW
2014 (68) Jet Aviation 2014 (31) 2015 (59) 2015 (39) 2016 (47) 2016 (34) 9 9 8 8 7 6 4 4 4 4 3 3 3 3 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 G200 G450 G550 G650 ACJ318 G650ER Falcon 7X Falcon
3+0+00+3+00+0+3 6+0+00+3+00+0+3 6+0+00+9+00+0+6Global 5000 3+0+00+12+00+0+12Global 6000 3+0+0 0+3+00+0+0 3+0+0 0+3+00+0+3 0+0+0 0+3+00+0+0 3+0+0 0+3+00+0+3 3+0+0 0+3+00+0+0 6+0+0 0+6+00+0+6 21+0 0+240+0+0+0+18 24+0+00+27+0 0+0+27 0+0+1212+0+00+9+0 0+0+0 0+9+00+0+9 Falcon 900LX Falcon Global Express Challenger 605 Global Express XRS Citation S/II/Bravo/II/SP
HongKong Jet 2014 (20) 2015 (28) 2016 (33) 5 4 4 4 3 3 3 3 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 BBJ G200 G450 G550 G650 B787-8 ACJ319 ACJ318 G650ER Falcon 7X Falcon Legacy 650 G300/G350 Global 5000 3+0+00+3+00+0+6 6+0+00+9+00+0+6 6+0+00+15+00+0+12 0+0+0 0+0+00+0+3 3+0+0 0+3+00+0+0 3+0+0 0+3+00+0+3 3+0+0 0+6+00+0+6Global 6000 3+0+0 0+0+00+0+3 3+0+0 0+6+00+0+6 6+0+0 0+6+00+0+9 3+0 0+30+0+0+0+3 3+0+00+9+00+0+9 6+0+00+9+00+0+12 6+0+00+9+0 0+0+12 3+0+00+0+00+0+6 0+0+00+3+00+0+3 3+0+00+0+00+0+0 Lineage 1000 Challenger 605 Global Express XRS
Sino Jet 2014 (10) 2015 (18) 2016 (30) 5 5 4 4 3 3 3 3 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 BBJ G200 G280 G450 G550 G650 Falcon 7X Falcon
3+0+00+6+00+0+9 3+0+00+3+00+0+3 6+0+00+9+00+0+9 3+0+00+3+00+0+3 0+0+00+0+00+0+3 0+0+00+3+00+0+3 3+0+00+6+00+0+3 0+0+00+0+00+0+3 6+0+00+9+00+0+15 6+0+00+6+0 0+0+12 0+00+30+0 +0+0+12 0+0+00+6+0 0+0+15Legacy 650 Falcon 900LX Falcon Global Express Challenger 605 Challenger 300/350
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 27 OPERATOR OVERVIEW
Metrojet
14 2014 (35) 2015 (30) 10 2016 (23) 6 8 5 5 3 3 3 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 GV BBJ G200 G450 G550 G650ER GIV/IV-SP Legacy 600 Legacy 650
3+0+00+3+00+0+3 3+0+00+3+00+0+3 3+0+00+3+00+0+0 6+0+00+3+00+0+3Global 5000 3+0+00+0+00+0+0 3+0+00+3+00+0+0 3+0+00+0+00+0+0 9+0+00+6+00+0+3 15+0+00+18+00+0+9 0+0+1842+0+00+30+0 0+00+9 0+0+0+0+15 3+0+00+3+00+0+0 3+0+00+3+00+0+3 3+0+00+3+00+0+3 3+0+00+3+00+0+3 3+0+00+0+00+0+0 Lineage 1000 Global Express Challenger 605 Global Express XRS Citation Sovereign/+ Challenger 800/850
Execujet 2014 (15) 2015 (18) 2016 (18) 3 3 3 3 3 3 3 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 G200 G550 G650 GIV/IV-SP
0+0+30+6+03+0+0 0+0+30+9+09+0+0 0+0+30+6+03+0+0 0+0+90+6+03+0+0Global 5000 0+0+90+3+00+0+0Global 6000 0+0+30+3+03+0+0 0+0+90+9+09+0+0 0+0+30+3+03+0+0 0+0+30+3+03+0+0 0+0+30+0+00+0+0 0+00+33+0+3+0+0 0+0+30+3+03+0+0 0+0+00+0+03+0+0 Learjet 60/XR Learjet Global Express Challenger 604 Challenger 605 Citation III/VI/VII Global Express XRS Challenger 300/350
28 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OPERATOR OVERVIEW
Lily jet 2014 (35) 2014 (11) 2015 (30) 2015 (13) 2016 (23) 2016 (15) 5 4 4 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 G200 Global 5000 0+0+60+6+06+0+0 0+0+30+3+03+0+0 0+0+150+12+012+0+0 0+0+60+3+03+0+0 0+0+30+3+00+0+0Global 6000 0+0+30+3+03+0+0 0+0+30+3+03+0+0 0+0+60+6+03+0+0 Global Express Challenger 604 Challenger 605 Global Express XRS Challenger 800/850
China Eastern 2014 (16) 2015 (14) 2016 (14) 5 5 5 3 3 3 3 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 G200 G450 G550 ACJ318
0+0+30+3+03+0+0 0+0+30+3+03+0+0 0+0+00+0+03+0+0 0+0+30+3+03+0+0 0+0+60+6+09+0+0 0+0+90+9+09+0+0 0+0+30+3+03+0+0 0+0+150+15+015+0+0Legacy 650 Hawker 800A/B/ Hawker Global Express XRS 850XP/XPI/125-1A Challenger 300/350
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 29 COMPANY PROFILE: MARUBENI AEROSPACE CORPORATION
30 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COMPANY PROFILE: MARUBENI AEROSPACE CORPORATION
SERVICES FOR ALL AVIATION REQUIREMENTS INTERVIEW WITH CHIE MATSUOKA, ASSISTANT GENERAL MANAGER, MARUBENI AEROSPACE CORPORATION
Interview by Litalia Yoakum
arubeni Aerospace Corporation was created in 1998 when one of the world’s largest trading companies, Marubeni Corporation, inherited the trade rights to the aerospace M division of Okura & Co. Today, the Tokyo-based aerospace company specializes in business jets, engines and equipment for helicopters and aircraft, advanced materials, and space and defense equipment, all to further develop the Japanese business aviation market.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 31 COMPANY PROFILE: MARUBENI AEROSPACE CORPORATION
“We started cooperating with the US authority for air operator’s certificates (AOC), as many of our owners have US-registered aircraft, to assist with our owner’s aircraft operations,” explains Matsuoka.
On a local level, the company pleaded with local airports and prefectures, on behalf of the industry, for more business aviation space. “In 2009, with the cooperation of Chubu Centrair International Airport in Nagoya, a business jet-dedicated hangar was built, where we now help to provide line maintenance and AOG support
“As a one-stop-shop supplier, Marubeni Aerospace provides through MJ Jet Center. These mechanics can be dispatched multiple services to meet the requirements of all our to the other local airports including Narita and Okayama. customers, including consulting on aircraft acquisitions, Additionally, MJ Jet Center has secured hangar space at the aircraft sales and aircraft management support through Jet Haneda airport, where AOG maintenance can be performed Aviation Flight Services,” says Assistant General Manager, round-the-clock, as well.” Chie Matsuoka. “We can also arrange hangar space and aircraft charter.” A partnership with the local maintenance company Japcon Inc., branded as MJ Jet Center, further As a one-stop-shop supports aircraft owners’ maintenance needs. supplier, Marubeni As the only Gulfstream Aerospace Corporation sales representative in Japan, Marubeni Aerospace began as one Aerospace provides of the few companies that saw the potential in the country’s multiple services business aviation market. to satisfy the “When we started out, only a few aircraft owners had Gulfstream jets,” says Matsuoka. “The infrastructure was requirements of all not friendly and there were no hangars available to store our Gulfstream jets in the country. Haneda Airport, which is one our customers. of the largest airports in Japan, did not allow for business aviation use during daytime hours. We had to locate a hangar in Guam, for Japanese owners. If a client required a long-range aircraft charter, we needed to arrange that from the US.”
After seeing new aircraft owners left to fend for themselves, Marubeni Aerospace realized the need for additional support. “There was no operator available to support owners, just as there was no hangar or mechanic. Japanese owners purchasing a Gulfstream jet were first-time buyers, who did not have experience on how to manage and operate their new aircraft.”
Helping the industry grow and helping clients enjoy their jet, stress-free, led to the company’s present-day services.
32 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COMPANY PROFILE: MARUBENI AEROSPACE CORPORATION
With Marubeni Aerospace the help doesn’t stop there. As a representative of Jet Aviation, which provides maintenance, completions and refurbishment, FBO, aircraft charter, management and staffing support, Marubeni can truly provide all the services a client requires.
“Apart from the rotary market, business aviation in Japan is still immature and in a developing stage,” explains Matsuoka, discussing the work that still needs to be done in the industry. “Over the past few years the market has grown. The number of JA-registered aircraft is increasing, albeit in limited numbers, while the number of ultra-long range jets continues to grow.”
Even with increased activity and operational support, the challenges remain. “The public image of the [fixed-wing] business aviation sector is still negative,” says Matsuoka. “The business jet is vilified by the public as a luxury for select wealthy people. Because of this, several publicly-listed companies are hesitating to purchase a business jet, with the impression that shareholders may find a business jet to be an excessive luxury.”
With the Japanese Government now more aware of the economic impact of business aviation, Marubeni Aerospace is working toward educating the public, particularly businesses, on the benefits of a business jet as a business tool, used for efficiency, with the potential to save time and money.
Working closely with the Japan Business Aviation Association (JBAA) since 2010 has allowed the aerospace company to continue its effort in promoting the use of business jets and the subsequent need for business aviation infrastructure in Japan.
Continuing the endeavor to develop this industry, Marubeni Aerospace is committed to providing its clients with the best expertise and customer service. “No one is able to provide tip-to- tail support like us. As representatives for both Gulfstream and Jet Aviation, two global leaders in the industry, we provide world- class, quality service, along with local expertise.”
The upcoming 2019 Rugby World Cup and 2020 Olympic and Paralympic games in Japan are major events in the country, providing the industry an opportunity to showcase its full capacity. “We expect the industry to grow by the time these big events arrive. The growing industry will then give Marubeni Aerospace the opportunity to further enhance our capabilities and services for our customers.”
www.marubeni-aerospace.co.jp
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 33 OEM OVERVIEW
Brunei 1 (3%) Hong Kong 1 (3%)
Airbus South Korea 1 (3%) Japan 1 (3%)
Ranking Macau 1 (3%) #8
Growth Australia 2 (6%) China 15 (46%) -1 (-3%) India 2 (6%) Most Popular 33 ACJ319 Taiwan 2 (6%)
Biggest Fleet Malaysia 2 (6%) China 46% Thailand 2 (6%) 46+963+G Singapore 3 (9%)
15
3 2 2 2 2 2 1 1 1 1 1 India Total 2015 China Japan Brunei
14+3+2+2+2+2+2+1+1+1Macau +1+1 Taiwan Thailand Australia Malaysia Singapore Hong Kong South Korea Change from
ACJ319 6 2 1 1 1 2 2 1 1 17 -1
ACJ318 5 1 1 1 8
ACJ320 1 1 1 3
A319ER 3 3
ACJ330 1 1
A340-200 1 1
Total 15 3 2 2 2 2 2 1 1 1 1 1 33 Change -1 +2 +1 -3 -1 from 2015
34 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OEM OVERVIEW
Indonesia 2 (5%) Japan 1 (4%) Boeing Malaysia 2 (5%) Ranking #7 India 2 (5%) China 10 (27%) Growth Singapore 2 (5%) +7 (+23%)
Most Popular Taiwan 2 (5%) BBJ 37 Hong Kong 5 (14%)
Biggest Fleet Thailand 3 (8%) China 27% Brunei 3 (8%) 27+14854+G South Korea 5 (14%)
10 5 5 3 3 2 2 2 2 2 1 India Total 2015 China Japan Brunei Taiwan Thailand
10+5+5+3+3+2+2+2+2+2+1Malaysia Indonesia Singapore Hong Kong South Korea Change from
BBJ 9 5 5 2 2 2 1 1 27 +5
BBJ2 2 1 1 4 +1
B767-200ER 1 1
B737-400 1 1
B787-8 1 1 +1
B747-400 1 1
B727-100 1 1
B747-8I 1 1 +1
Total 10 5 5 3 3 2 2 2 2 2 1 37 Change +4 +1 +1 +1 +1 +7* from 2015
*include one B757-200 which left Australia
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 35 OEM OVERVIEW
Macau 4 (1%) South Korea 3 (1%) Bombardier Japan 5 (2%) New Zealand 2 (1%)
Ranking Taiwan 6 (2%) Thailand 1 #1 Philippines 9 (3%) Myanmar 1 Growth +2 (+1%) Indonesia 10 (3%) Most Popular Malaysia 17 (6%) Global 6000 China 80 (27%) Biggest Fleet Singapore 19 (6%) China 27% India 28 (9%) 301
Hong Kong 48 (16%) Australia 68 (23%)
80 68 48 28 19 1727+231696321+G 10 80+68+48+28+19+17+10+9+6+59 6 5 +44 +33 +2+1+12 1 1 India Total 2015 China Japan Macau Taiwan Thailand Australia Malaysia Myanmar Singapore Indonesia Hong Kong Philippines South Korea New Zealand New Change from
Global 6000 11 4 14 2 2 1 1 1 3 1 40 +10
Global 5000 5 1 13 5 7 2 2 1 36 +3
Challenger 605 13 8 3 3 3 1 1 2 34 -4
Global Express XRS 1 12 3 2 2 2 1 2 2 1 28 -2
Learjet 35/A/36/A 5 19 1 2 1 28 +3
Challenger 604 2 12 3 4 2 23 -1
Challenger 800/850 14 3 1 1 19
Challenger 300/350 5 1 5 1 1 1 1 1 16 -2
Global Express 1 8 2 1 1 1 1 15 -4
Challenger 870 12 12
Learjet 60/XR 9 1 1 11 +1
Challenger 600/601 2 1 1 2 1 2 1 10 -2
CRJ100/200/VIP 4 3 1 1 9
Learjet 45/XR 4 2 1 7
Learjet 31/A 1 2 2 1 6 -1
Learjet 24/B/D/E/25B 2 2 1 5 +1
Learjet 75 1 1
Learjet 40 1 1
Total 80 68 48 28 19 17 10 9 6 5 4 3 2 1 1 301
Change from 2015 +6 +3 +5 -2 -6 -3 -1 +1 -1 -1 +1 +2
36 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OEM OVERVIEW
Indonesia 4 (2%) PNG 3 (1%)
Cessna New Zealand 7 (3%) New Caledonia 2 (1%)
Ranking Malaysia 7 (3%) Singapore 1 (1%) #3 South Korea 7 (3%) Growth -2 (-1%) Thailand 9 (4%)
Most Popular Philippines 12 (6%) Australia 72 (33%) Citation Mustang
Biggest Fleet Japan 28 (13%) 218 Australia 33%
India 31 (14%) China 35 (16%)
72 33+16141364321+G 35 31 28 12 9 72+35+31+28+12+9+7+7+7+47 7 7 4 +33 +22 +11 PNG India Total 2015 China Japan Thailand Australia Malaysia Indonesia Singapore Philippines South Korea New Zealand New Change from New Caledonia New
Citation S/II/Bravo/II/SP 17 4 7 1 3 2 2 36 -2
Citation 525/CJ1/+/M2 10 12 2 4 1 3 32
Citation Excel/XLS/+ 1 12 9 5 3 30 +2
Citation Mustang 10 1 1 3 1 2 5 23 -1
Citation CJ2/+ 3 11 7 1 22 -1
Citation Sovereign/+ 5 4 4 2 4 19 +1
Citation Ultra/V 4 4 4 12 -2
Citation 500/I/SP 9 1 1 11
Citation III/VI/VII 5 1 1 1 1 1 10
Citation CJ4 3 1 1 1 1 7
Citation X/+ 2 1 2 1 6
Citation Encore/+ 3 2 5 +1
Citation CJ3 3 1 1 5
Total 72 35 31 28 12 9 7 7 7 4 3 2 1 218
Change from 2015 -1 -3 -2 +2 +1 +1 +1 -2 +1 -2
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 37 OEM OVERVIEW
New Zealand 1 (1%) Singapore 1 (1%) Dassault Japan 2 (2%) PNG 1 (1%)
Ranking Indonesia 2 (2%) Macau 1 (1%) #4 Bangladesh 2 (2%) Growth +7 (+8%) Thailand 4 (4%)
Most Popular Philippines 4 (4%) China 37 (37%) Falcon 7X Hong Kong 7 (7%) Biggest Fleet China 37% Australia 8 (8%) 100 Malaysia 8 (8%) 37+2287422+1+G India 22 (22%) 37 22 8 8 37+22+8+8+7+4+4+2+2+27 4 4 2 2 2 +11 +11 +11 +11 PNG India Total 2015 China Japan Macau Thailand Australia Malaysia Indonesia Singapore Hong Kong Philippines Bangladesh New Zealand New Change from
Falcon 7X 27 2 2 2 6 1 1 41 +4
Falcon 2000/DX/EX EASy 1 14 1 1 17 +3
Falcon 2000LX/LXS 2 3 2 1 1 2 1 1 13
Falcon 900EX/EASy 3 1 1 1 1 7
Falcon 900/C/DX 1 1 1 1 1 2 7 +1
Falcon 900LX 5 1 6 -1
Falcon 20D/F-5 2 2 4
Falcon 10 1 1 2 +1
Falcon 2000S 1 1 2
Falcon 50 1 1 -1
Total 37 22 8 8 7 4 4 2 2 2 1 1 1 1 100
Change from 2015 +2 +2 +1 +1 +1 +7
38 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OEM OVERVIEW
Taiwan 1 (1%) Philippines 1 (1%) Embraer Macau 2 (2%)
Ranking Malaysia 3 (4%) #6 Hong Kong 3 (4%) China 26 (33%) Growth +10 (+14%) Australia 6 (8%) Most Popular Legacy 650 Singapore 6 (8%) Biggest Fleet 79 China 33% Indonesia 15 (19%) India 16 (20%)
26 33+20198421+G 16 15 6 6 3 3 2 1 1 India Total 2015 China Macau Taiwan Australia
26+16+15+6+6+3+3+2+1+1Malaysia Indonesia Singapore Hong Kong Philippines Change from
Legacy 650 17 6 3 1 1 28 +5
Legacy 600 2 7 5 1 1 1 1 18 -2
Phenom 300 3 2 3 1 2 11 +6
Phenom 100 1 3 1 3 1 9 -1
Lineage 1000 4 1 1 1 1 8
Legacy 500 1 1 1 3 +2
ERJ135/ER/LR 2 2
Total 26 16 15 6 6 3 3 2 1 1 79
Change from 2015 +5 +1 +1 -1 +1 +2 +1 +10
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 39 OEM OVERVIEW
South Korea 4 (1%) Cambodia 3 (1%) Gulfstream Indonesia 5 (2%) Macau 2 (1%)
Ranking Malaysia 8 (3%) New Zealand 2 (1%) #2 Taiwan 9 (3%) Growth +20 (+8%) India 10 (4%)
Most Popular Australia 12 (4%) China 102 (36%) G550 Philippines 12 (4%)
Biggest Fleet Thailand 12 (4%) China 36% 283 Japan 14 (5%)
Singapore 22 (8%) Hong Kong 66 (23%)
102 36+2474321+G 66
22 14 12 12 12 10 100+66+22+14+12+12+12+10+9+89 8 +55 +44 +3+2+23 2 2 India Total 2015 China Japan Macau Taiwan Thailand Australia Malaysia Indonesia Singapore Cambodia Hong Kong Philippines South Korea New Zealand New Change from
G550 44 26 5 2 3 3 3 3 3 1 2 2 1 1 99 +4
G450 39 13 6 1 3 1 2 2 1 68 -3
G200 8 8 4 3 1 3 1 2 1 31 -1
G650 3 8 1 5 3 2 2 2 2 1 29 +15
G650ER 4 8 1 1 14 +7*
GIV/IV-SP 1 1 2 1 4 1 2 1 13 -5
GV 1 2 2 2 1 8 -1
G280 3 1 1 2 7
G100/G150 2 2 2 1 7 +2
G300/G350 1 1 1 3 +1
GIII 1 1 2 +1
GII 1 1
G500 1 1
Total 102 66 22 14 12 12 12 10 9 8 5 4 3 2 2 283
Change from 2015 +4 +5 +2 +3 +2 +1 +3 -1 +2 -1 +20
*Two of the G650ERs are upgraded from G650s
40 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 OEM OVERVIEW
Japan 2 (2%) Bangladesh 1 (1%) Hawker South Korea 2 (2%) Macau 1 (1%) Ranking #5 Taiwan 3 (4%) Malaysia 1 (1%) Growth -8 (-9%) Singapore 4 (5%) India 28 (33%) Most Popular Hawker 850XP Thailand 7 (8%) Biggest Fleet India 33% Philippines 8 (9%) 86
China 8 (9%) Indonesia 12 (14%) 33+1411985421+G Australia 9 (11%) 28 12 9 8 8 28+12+9+8+8+7+4+3+2+27 4 3 2 2 +11 +11 +11 India Total China Japan Macau Taiwan 2015 Thailand Australia Malaysia Indonesia Singapore Philippines Bangladesh South Korea Change from
Hawker 800A/B/850XP/ 10 2 5 5 3 4 1 1 31 -6 XPI/125-1A Hawker 400/A/B/Diamond I 3 3 2 1 3 1 1 2 16 +1
Hawker 900XP 6 5 1 1 13 -2
Hawker 700A/B/750 2 4 1 7 -1
Hawker 400XP 1 1 1 2 2 7 +2
Premier I/IA 4 1 1 6 -2
Hawker 4000 2 1 1 4
Hawker 1000A/B 1 1 2
Total 28 12 9 8 8 7 4 3 2 2 1 1 1 86
Change from 2015 +1 -5 -4 -1 +1 +1 -8*
*Include one Hawker 800A which left Hong Kong
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 41 REDEFINING THE WORLD OF
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NEW YORK | LONDON | LOS ANGELES | BEIJING | SINGAPORE | SHANGHAI FAA Certificate Number I1DA914J COUNTRY PROFILE: GREATER CHINA FOR MORE COUNTRY PROFILES VISIT: WWW.ASIANSKYMEDIA.COM
GREATER CHINA
ome to the largest business jet fleet in the Asia-Pacific region, Greater China has quickly evolved since its inception in the early 1990s into the leader for business aviation in the H region. Over the last decade, increasingly large corporations and the growing number of HNWIs in Greater China have come to realize the value of a business jet, significantly expanding the size of the fleet to 477 aircraft at the end of 2016, a 4% increase over 2015 and representing 41% of the total Asia Pacific fleet.
+4.3% +4.2% 2014 (427) 2015 (458) +7.3% 2016 (477) +4.2% 313 288 300 +4.8% +13.7%
+9.5% +0% 130 +23.5% 109 124 -15.4%
17 21 23 13 13 11 94+00+98+00+0+100China+0 36+0 0+0+43Hong0+40+0 Kong+0 6+00+7+0 Taiwan +00+0+7 4+00+4+0 Macau +00+0+4
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 43 COUNTRY PROFILE: GREATER CHINA
1 Net Fleet Change by Top Operator 2014 (252) 2015 (264) 2016 (251) 68 59 54 47 45 46 35 31 31 30 30 29 26 23 23 22 21 20 18 16 15 16 14 13 14 11 10
68+0+00+59+00+0+47 45+0+00+54+00+0+46BAA 35+0+00+30+00+0+31 10+0+00+18+00+0+3031+0+00+26+00+0+23 20+0+00+29+00+0+23 16+0+0 11+0+00+21+00+0+22 0+0+15 16+0+0 0+0+140+13+0 0+14+0 Lily Jet Sino Jet Deer Jet Metrojet Jet Aviation Jet TAG Aviation TAG HongKong Jet HongKong China Eastern
Net Fleet Growth by Registration 59% 56% 51% 23% 19% 19% 10% 9% 6% 7% 5% 5% 4% 2% 3% 3% 3% 3% 3% 2% 3% 3% 0% 59+0+00+56+00+0+51 19+0+00+19+00+0+237+0+00+9+00+0+10 6+0+00+5+0 0+0+53+0+00+3+0 0+0+43+0+00+3+0 0+0+3 3+0+00+3+0 0+0+2 0+0+00+1+0 1% 0+0+2 China Others Taiwan Bermuda Hong Kong Isle of Man United States United Cayman Islands Cayman
Individually, Mainland China continued to have the largest While the mainland’s anti-corruption campaign has in recent business jet fleet in the Asia-Pacific region, with 313 business years instilled buyers with caution regarding how purchasing jets at yearend 2016, up from 300 in 2015. Taiwan’s fleet slightly such an expensive asset might be perceived by peers and the grew from 21 in 2015, to 23 in 2016. Hong Kong’s fleet increased government, the market’s potential remains extremely high to 130 from 124 in 2015, while Macau’s fleet decreased from 13 as it continues to produce the largest numbers of HNW and business jets in 2015 to 11 in 2016. UHNWIs in the region.
Note (1): Only include the operator’s fleet in Greater China
44 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COUNTRY PROFILE: GREATER CHINA
Net Fleet Growth by OEM 2014 (427) 2015 (458) 2016 (477) 179 171 160 138 127 117 45 43 41 38 38 35 32 27 23 18 17 25 17 19 19 12 9 80+0+00+86+00+0+90 59+0+00+64+00+0+6921+0+00+22+00+0+23 19+0+00+19+00+0+1813+0+00+14+00+0+16 10+0+00+12+00+0+10 6+0+012 9+0+00+6+00+0+9 0+9+0 0+0+6 Airbus Boeing Cessna Hawker Embraer Dassault Gulfstream Bombardier
Net Fleet Growth by Size Category 190 163 156 154 149 144 57 54 48 41 42 29 35 26 26 18 16 18+0+00+21+00+0+21 75+0+00+82+00+0+9572+0+00+78+00+0+77 29+0+00+27+00+0+2413+0+00+13+00+0+15 8+0+0 14 0+9+00+0+7 Light Large Mid-Size Very Light Very Long Range Corp. Airliner Corp.
The Chinese general aviation industry was also delivered with to further tap consumption potential, an initiative is set to build overall positive news in 2016 when the government announced a general aviation industry that has more than 500 general steps toward further enhancing and opening up the industry in aviation airports, 5,000 aircraft, and a group of competitive the coming years. enterprises by the end of 2020.”
According to the 2016 Chinese State Council Report, “As part of Additionally, the plan would open the country’s lower airspace efforts to promote industry transformation and upgrades, and below 3,000-meters, up from 1,000-meters, as well as simplify
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 45 COUNTRY PROFILE: GREATER CHINA
Fleet by Size Category Long-range business jets are still the most popular aircraft type in Greater Very Light 14 (3%) Long Range 190 (40%) China, making up 40% of the fleet, an increase from 36% in 2015. Large-sized Light 29 (6%) business jets represent 32%, with mid- sized business jets following with 10%. Corp. Airliner 42 (9%)
Mid-Size 48 (10%) Gulfstream continues to be the OEM of 477 choice in Greater China making up 38% of the fleet, with a net increase in 2016 of 8 aircraft. Bombardier maintained its position from 2015, holding 29% of the Large 154 (32%) fleet, while Dassault followed with 9%. 40+32+10963+G Cessna, Airbus and Hawker all suffered losses in 2016.
Fleet by OEM The majority of Gulfstream’s growth in 2016, particularly in Mainland China, Boeing 17 (4%) Hawker 12 (2%) came by virtue of the G650ER, with four deliveries of the aircraft to the Airbus 19 (4%) Mainland and two additional G650ERs Gulfstream 179 (38%) Embraer 32 (7%) in Hong Kong, one new delivery and one eventually upgraded to the ER version. Cessna 35 (7%) The top operator in Greater China Dassault 45 (9%) 477 continues to be Mainland-based Deer Jet. In 2014, Deer Jet had a fleet of 68, which fell to 59 in 2015 and 47 in 2016 Bombardier 138 (29%) though, after selling a total of seven, 38+29+977+42+G mostly older Hawker models, to buyers in the US.
Business Aviation Asia (BAA) also experienced a reduction in and reduce the application time and process for flight approvals; fleet size. In 2014, BAA maintained a fleet of 45 and increased a move beneficial to general aviation aircraft. this to 54 in 2015. After a change of management and overall strategy in 2016, BAA reduced its fleet back to 46. The country’s growing fleet and rising air travel demand has, in recent years, been limited due to a lack of proper infrastructure. Aircraft operator Sino Jet was one of the few Hong Kong- based operators to see a big increase. In 2015, the operator The International Air Transport Association (IATA) has declared: maintained 18 aircraft, which increased to 30 in 2016. Newly “China is expected to overtake the United States as the world’s established Bellawings Jet, based in Hong Kong, celebrated largest passenger market by 2024.” By 2035, IATA also forecasts its two-year anniversary in 2016. The milestone came with the China will be a market of 1.3 billion passengers. addition of several new aircraft, with the company reaching 11 in 2016, from just three in 2015. With this new initiative promoting general aviation, hopes are high for new and improved facilities to cater towards Subsidiary of the Chinese conglomerate HNA Group, HongKong commercial aviation and more specifically, business jets, as Jet wasn’t as successful as some of the other local operators. well as training schools, FBOs, MROs and hangar facilities. The business jet operator had a fleet of 21 in Greater China in 2015 and just 22 in 2016. Already in the works is Beijing’s Daxing International Airport. Expected to serve Beijing, Tianjin and Hebei, the new airport will As far as the preferred choice of country of registration for free up capacity at current airports and provide considerable the fleet, Mainland China, the USA and Cayman are the top 3 support to the business aviation industry. The airport is representing 84% of the aircraft. The popularity of Chinese expected to be finished in 2019. registrations – either Mainland China, Hong Kong, Macau or
46 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COUNTRY PROFILE: GREATER CHINA
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Taiwan – all decreased in 2016 versus 2015. Mainland China As the largest market in Asia Pacific region, Greater China’s in particular saw the biggest decline in registrations (7%) and business jet sector still faces challenges — increased traffic until the tax environment for business jets improves, this trend levels, infrastructure and lack of sufficient human capital. is unlikely to change. The USA saw the biggest growth through Although the region’s new general aviation regulations will 2016 (4%) and individually increased its market share across benefit the industry, the market will need continued growth to Greater China. Cayman and Isle of Man also experienced uphold support from the government. . growth (1% each).
Fleet by Registration
Cayman Islands China Hong Kong Isle of Man Taiwan United States Others
China 77% 14% 4% 3%
Hong Kong 38% 28% 18% 5% 3% 8%
Taiwan 57% 43%
Macau 73% 9% 18%
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 47 COUNTRY PROFILE: GREATER CHINA
China Fleet by OEM
Boeing 10 (3%) Hawker 8 (2%)
Airbus 15 (5%) Gulfstream 102 (33%) Embraer 26 (8%)
Cessna 35 (11%) 313 Dassault 37 (12%) Bombardier 80 (26%)33+26+12118+532+G Hong Kong Fleet by OEM
Embraer 3 (2%) Airbus 1 (1%)
Boeing 5 (4%) Gulfstream 66 (51%)
Dassault 7 (5%)
130 Bombardier 48 (37%)51+37+542+1+G Taiwan Fleet by OEM
Embraer 1 (4%) Gulfstream 9 (39%)
Airbus 2 (9%)
Boeing 2 (9%)
Hawker 3 (13%) 23 The Power of AsBAA Bombardier 6 (26%)39+26+1399+4+G Macau Fleet by OEM is within YOUR Grasp
Dassault 1 (9%) Bombardier 4 (37%)
Airbus 1 (9%) Enjoy members only digital marketing, events and B2B networking,
Hawker 1 (9%) now that’s ROI for YOUR business! 11 Starting from just USD500 p.a. Isn’t it time you joined? Embraer 2 (18%) FOR MORE COUNTRY PROFILES VISIT: WWW.ASIANSKYMEDIA.COM Gulfstream 2 (18%) 37+18+99++G www.asbaa.org 48 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 The Power of AsBAA is within YOUR Grasp
Enjoy members only digital marketing, events and B2B networking, now that’s ROI for YOUR business! Starting from just USD500 p.a. Isn’t it time you joined?
www.asbaa.org COUNTRY PROFILE: GREATER CHINA
Fleet by Model 477 in Total 8+6+3+1+1 Airbus 19 (4%) ACJ319 8 ACJ318 6 A319ER 3 ACJ320 1 ACJ330 1 16+1 Boeing 17 (4%) BBJ 16 B787-8 1 27+24+19+17+12+9+7+6+5+5+4+3 Bombardier 138 (29%) Global 6000 27 Challenger 605 24 Global 5000 19 Challenger 800/850 17 Challenger 870 12 CRJ100/200/VIP 9 Challenger 300/350 7 Global Express XRS 6 Challenger 604 5 Learjet 35/A/36/A 5 Global Express 4 Learjet 60/XR 3 12+12+4+4+1+1+1 Cessna 35 (7%) Citation 525/CJ1/+/M2 12 Citation Excel/XLS/+ 12 Citation S/II/Bravo/II/SP 4 Citation Sovereign/+ 4 Citation X/+ 1 Citation III/VI/VII 1 Citation Mustang 1
50 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COUNTRY PROFILE: GREATER CHINA 8+6+3+1+1 33+5+3+1+1+1+1 Dassault 45 (9%) Falcon 7X 33 Falcon 900LX 5 Falcon 2000LX/LXS 3 Falcon 900/C/DX 1 Falcon 900EX/EASy 1
16+1 Falcon 2000/DX/EX EASy 1 Falcon 2000S 1 18+6+3+3+1+1
27+24+19+17+12+9+7+6+5+5+4+3 Embraer 32 (7%) Legacy 650 18 Lineage 1000 6 Phenom 300 3 Legacy 600 3 Legacy 500 1 Phenom 100 1 74+52+17+14+12+6+1+1+1+1 Gulfstream 179 (38%) G550 74 G450 52 G200 17 G650 14 G650ER 12 G280 6 GV 1 GIV/IV-SP 1 12+12+4+4+1+1+1 G100/G150 1 G300/G350 1 5+2+2+2+1 Hawker 12 (3%) Hawker 800A/B/850XP/XPI/125-1A 5 Hawker 400/A/B/Diamond I 2 Hawker 4000 2 Hawker 400XP 2 Hawker 900XP 1
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 51 COUNTRY PROFILE: GREATER CHINA
Fleet by Operator 91 Operators in total 33 Operators shown represent 84% of the fleet 58 Operators - 1-2 aircraft each 47+46+31+30+23+23+22+15+14+13+11+11+11+9+9+8+7+7+6+6+5+5+5+5+5+4+4+3+3+3+3 +3 Deer Jet 47
BAA 46
TAG Aviation 31
Sino Jet 30
Jet Aviation 23
Metrojet 23
HongKong Jet 22
Lily Jet 15
China Eastern 14
China United 13
Bellawings 11 CAAC Inspection 11
Nanshan Jet 11
China Ocean 9
Global Jet 9
CAFUC 8
Executive Aviation 7
Sparkle Roll 7 Beijing Airlines 6
Zetta Jet 6
NRSCC 5
China Zhongfei 5
EVA Airways 5
Mandarin Air 5 Win Air Jet 5
Astro Air 4
Hanergy 4
AllPoints Jet 3
Donghai Jet 3
Fortuna Jet 3
Gama Aviation 3
Vision Aviation 3 Wanfeng 3
CAFUC: Civil Aviation Flight University of China NRSCC: The National Remote Sensing Center of China
52 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COUNTRY PROFILE: GREATER CHINA
Top Operator’s Fleet by Model
47 46 31 30 23 23 22 15 14 47+46+31+30+23+23+22+15+14+13+11+11+11+9+9+8+7+7+6+6+5+5+5+5+5+4+4+3+3+3+3 +3 47+46+31+30+23+23+22+15+14 BAA Total Lily Jet Sino Jet Deer Jet Metrojet Jet Aviation Jet TAG Aviation TAG HongKong Jet HongKong China Eastern
Airbus ACJ318 2 1 1 4 ACJ319 1 2 3 ACJ320 1 1 Boeing BBJ 2 3 1 3 9 B787-8 1 1
Bombardier Global 6000 4 9 3 1 17 Challenger 605 1 3 2 3 1 1 1 12 Global 5000 5 1 2 1 2 11 Challenger 800/850 1 3 5 9 Challenger 604 1 2 3 Global Express XRS 1 1 2 Challenger 300/350 1 1 2 Global Express 1 1 2 Learjet 60/XR 1 1
Dassault Falcon 7X 4 9 3 1 1 2 20 Falcon 900LX 1 2 1 1 5 Falcon 2000S 1 1 Embraer Legacy 650 4 1 5 1 5 16 Lineage 1000 1 1 Legacy 600 1 1
Gulfstream G550 18 9 4 8 8 3 3 53 G450 12 8 3 5 3 3 3 2 39 G650ER 2 5 3 1 11 G200 2 1 1 1 3 2 1 11 G650 1 4 1 2 8 GV 1 1 GIV/IV-SP 1 1 G280 1 1 G300/G350 1 1 Hawker Hawker 800A/B/850XP/ 2 1 3 XPI/125-1A Hawker 4000 1 1 Total 47 46 31 30 23 23 22 15 14 251
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 53 COUNTRY PROFILE: GREATER CHINA
Additions & Deductions by Model New Deliveries +19 in total
Dassault 2 (6%) Boeing 2 (6%) New Deliveries (+34) Pre-owned (+19) Embraer 4 (12%) Deductions (-34)
ACJ318 -1 +34 -4 ACJ319 -3 Airbus
Bombardier 11 (32%) Gulfstream 15 (44%) BBJ 1 3 +5 B787-8 1 44+32+126+G Boeing
Global 6000 8 2 Global 5000 -1 2 1 Challenger 300/350 1 Pre-owned Additions CRJ100/200/VIP -1 2 +11 Learjet 60/XR -1 Bombardier Global Express -2 Dassault 1 (5%) Cessna 1 (5%)
Embraer 1 (5%) Gulfstream 8 (42%) Citation Excel/XLS/+ 1 -3 Citation 525/CJ1/+/M2 -1 Boeing 3 (16%) Cessna Citation Mustang -3 +19
Falcon 7X 2 Bombardier 5 (27%) Falcon 2000/DX/EX EASy 1 +2 -1 Dassault Falcon 900LX 42+27+16+5++G
Legacy 650 1 1
+5 Phenom 300 2 Deductions
Embraer Legacy 500 1
G650 -1 6 5 Cessna 4 (12%) Dassault 1 (2%) G650ER 5 G550 -3 3 1 G450 -6 1 1 Airbus 4 (12%) -1 1
+8 G200 G100/G150 -1 Gulfstream Hawker 5 (15%) G280 -1 -34 GIV/IV-SP -1 GV -1 Bombardier 5 (15%) Gulfstream 15 (44%)
Hawker 900XP -1 44+15+12+2+G
-5 Hawker 800A/B/850XP/
Hawker -4 XPI/125-1A
54 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 COUNTRY PROFILE: GREATER CHINA
Fleet by Age 477 in Total
70
60
50
40
30
20
10
0 1997 2007 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2008 2009 2010 2011 2012 2013 2014 2015 2016
Year of Manufacture
Fleet Growth Business Jets in Greater China
Growth Rate Fleet Size
600 60%
49% 477 482 500 458 50% 427 42% 43% 379 400 40%
315 28% 300 25% 30% 211 20% 200 20% 148 118 13% 92 100 65 7% 10% 4% 1% 0 0 2007 2006 2009 2010 2011 2012 2013 2014 2015 2016 2017
At the beginning of 2016, ASG saw a difficult year ahead For 2017, ASG predicts growth finally flattening out at around for Greater China and forecasted growth of only 5.2% at the 1% as new deliveries continue to decline and pent up demand high end, down from 7.3% in 2014. This was also predicated for G650s recedes. The good news is the market shouldn’t on China’s macro-economic performance. In the end, GDP get any worse through 2017 and ASG sees a modest return worsened through 2016 and growth for the Greater China to growth in 2018 when the market should also get some business jet fleet was only 4.2%. Growth was also impacted stimulation from deliveries of 8Xs, G500s and G7000s. by infrastructure issues in Hong Kong which finally started to influence buyer sentiment, and the Taiwanese market which failed to deliver the expected growth.
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 55 APPENDIX
SIZE CATEGORY
CORPORATE AIRLINER LONG RANGE LARGE
ACJ318 Global 5000 Challenger 600/601 ACJ319 Global 6000 Challenger 604 ACJ320 Global Express Challenger 605 ACJ330 Global Express XRS Challenger 800/850 Airbus A319ER Falcon 7X Challenger 870 Airbus 340-200 Gulfstream G500* CRJ100/200/VIP BBJ Gulfstream G550 Legacy 600 BBJ2 Gulfstream V Legacy 650 Boeing 727-100 Gulfstream G650 ERJ135ER/LR Boeing 737-400 Gulfstream G650ER Falcon 900/C/DX Boeing 747-400 Falcon 900EX/EASy Boeing 757-200 Falcon 900LX Boeing 767-200ER Falcon 2000/DX/EX EASy Boeing 787-8 Falcon 2000LX/LXS BAE 146 Falcon 2000S Dornier 328JET Gulfstream II Lineage 1000 Gulfstream G300/G350 Gulfstream III Gulfstream G450 Gulfstream IV/IV-SP
MID-SIZE LIGHT VERY LIGHT
Challenger 300/350 Learjet 31/A Learjet 24/B/D/E/25B Learjet 60/XR Learjet 35/A/36/A Citation 525/CJ1/+/M2 Citation Sovereign/+ Learjet 40 Citation Mustang Citation X/+ Learjet 45/XR Eclipse 500 Legacy 500 Learjet 75 Phenom 100 Falcon 20D/F-5 Citation 500/I/SP Premier I/IA Falcon 50 Citation CJ2/+ Gulfstream G100/G150 Citation CJ3 Gulfstream G200 Citation CJ4 Gulfstream G280 Citation Encore/+ Hawker 700A/B/750 Citation Excel/XLS/+ Hawker 800A/B/850XP/XPI/125-1A Citation III/VI/VII Hawker 900XP Citation S/II/Bravo/II/SP Hawker 1000A/B Citation Ultra/V Hawker 4000 Phenom 300 Falcon 10 * Gulfstream G500 is a former variant of the G550, introduced into service in 2004. Hawker 400/A/B/Diamond I Hawker 400XP Nextant 400XT/XTi Sabreliner 65 Westwind 1/2
56 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2016 57 wouldn’t it
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