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ASIA PACIFIC REGION<br />

BUSINESS JETS<br />

Year End <strong>2015</strong>


Beijing<br />

Penglai<br />

Seoul<br />

Chengdu<br />

Shanghai<br />

Shenzhen<br />

Hong Kong<br />

Bangkok<br />

Manila<br />

ABOUT ASIAN SKY GROUP<br />

ASIAN SKY GROUP (<strong>ASG</strong>), headquartered in Hong Kong with offices throughout Asia, has assembled the most<br />

experienced aviation team in the Asia-Pacific region to provide a wide range of independent services for both fixed<br />

and rotary-wing aircraft. <strong>ASG</strong> also provides access to a significant customer base around the world with the help of<br />

its exclusive partners.<br />

<strong>ASG</strong> is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with over US$1 billion in<br />

revenue and US$3 billion in assets, and also by Avion Pacific Limited, a mainland China-based general aviation<br />

service provider with over 20 years of experience and 6 offices and bases throughout China.<br />

<strong>ASG</strong> provides its clients with four main business aviation services:<br />

1. Sales & Acquisitions including Transactional Advisory;<br />

2. Market Research and Consulting including Special Projects;<br />

3. Operation Oversight including Completion Management, Audits, Invoice Review and Aircraft Appraisals, and;<br />

4. Luxury Charter Services.<br />

The acclaimed Asian Sky <strong>Fleet</strong> <strong>Report</strong>s are produced by <strong>ASG</strong>’s Market Research and Consulting group. <strong>ASG</strong> has a<br />

growing portfolio of business aviation reports designed to provide valued information so that the reader can make<br />

better informed business decisions. Included in the portfolio are Asian Sky Asia-Pacific <strong>Fleet</strong> <strong>Report</strong>s for both Civil<br />

Helicopters and <strong>Business</strong> <strong>Jet</strong>s, the Africa <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> <strong>Report</strong> and the all new industry leading Asian Sky<br />

Quarterly magazine.<br />

CONTRIBUTION<br />

Asian Sky Group would like to acknowledge the gracious contributions made by numerous organisations, including<br />

aircraft operators, OEMs, aviation authorities and JETNET LLC in providing data for this report.<br />

Should you wish to reproduce or distribute any portion of this report, in part or in full, you may do so by mentioning<br />

the source as: “Asian Sky Group, a Hong Kong based business aviation consulting group”.<br />

Thank you for your interest in this report. We hope you will find the information useful. If you would like to receive<br />

further information about our other aviation reports and services, please contact us at info@asianskygroup.com or<br />

visit us at www.asianskygroup.com.


INTRODUCTION<br />

Asian Sky Group (<strong>ASG</strong>) is pleased to present the 4th edition of its <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong><br />

<strong>Report</strong>. Originally just covering the Greater China region, this edition has been extended<br />

to cover an Asia Pacific region which includes the important markets of India, Australia<br />

and New Zealand. <strong>ASG</strong>’s <strong>Fleet</strong> <strong>Report</strong>s provide the most comprehensive coverage and<br />

breakdown of the business jet fleet in the Asia Pacific region. It has established itself<br />

as an indispensable source of valued information for the whole business aviation<br />

community.<br />

For copies of <strong>ASG</strong>’s various industry reports, please visit www.asianskygroup.com.<br />

TABLE OF CONT<strong>EN</strong>TS<br />

EXECUTIVE SUMMARY ……………………….............................................................……………5<br />

Upcoming Aircraft: Gulfstream G500............................................................……………6<br />

<strong>2015</strong> OVERVIEW: ADDITIONS AND DEDUCTIONS.......……....................……….…......……...9<br />

<strong>2015</strong> FLEET BREAKDOWN BY COUNTRY & SIZE CATEGORY............................................15<br />

Personality Profile: Kevin Wu, Textron Aviation…...………….........................................24<br />

<strong>2015</strong> FLEET BREAKDOWN BY OEM................................................................................26<br />

Corporate Profile: Taj Air Metrojet Aviation ................................................................36<br />

<strong>2015</strong> GROWTH BY OEM, SIZE & COUNTRY.....................................................................39<br />

GREATER CHINA OVERVIEW............................................................................................48<br />

<strong>2015</strong> Growth & Forecast for 2016.............................................................................57<br />

<strong>2015</strong> OPERATOR OVERVIEW...........................................................................................67<br />

Corporate Profile: Hawker Pacific Aircraft Management...........................................70<br />

Upcoming Aircraft: Gulfstream G600.........................................................................84<br />

<strong>2015</strong> OVERVIEW: FLEET AGE AND REGISTRATIONS.......................................................87<br />

ASIA PACIFIC SUPPORT INFRASTRUCTURE BY OEM.......................................................98<br />

ASIA PACIFIC FIXED-BASE OPERATORS (FBOs).............................................................107<br />

FINANCING & LEGAL FIRMS..........................................................................109<br />

INTERIOR COMPLETION C<strong>EN</strong>TRES ...............................................................................110<br />

Corporate Profile: Flying Colors Corp.…….…………………...........................................114<br />

ASIA PACIFIC CHARTER AIRCRAFT............…………..........................………..……....……....116<br />

AIRCRAFT MODELS POSITIONING...................................................................……........119<br />

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


ASIA PACIFIC REGION<br />

20 20<br />

(+5%) (0%)<br />

South Korea<br />

139<br />

145<br />

(+4%)<br />

(N/A)<br />

China<br />

132<br />

116 (+14%)<br />

(+17%)<br />

19 22<br />

Japan<br />

44 49<br />

(+7%) (+11%)<br />

Bangladesh<br />

3<br />

3<br />

Macau<br />

13<br />

(0%)<br />

12<br />

(-8%)<br />

Hong Kong<br />

Taiwan<br />

33 33<br />

India<br />

Myanmar<br />

1<br />

1<br />

Thailand<br />

Cambodia<br />

289 300 3 3<br />

(+4%)<br />

(+16%)<br />

Largest<br />

Market<br />

Largest <strong>Fleet</strong><br />

Additions<br />

(+12%) (+16%) (+14%) (0%)<br />

1<br />

Vietnam<br />

63 63<br />

(+19%) (0%)<br />

3 3<br />

Brunei<br />

Singapore<br />

45 52<br />

(+13%) (+16%)<br />

Indonesia<br />

Papua New<br />

Guinea<br />

3<br />

3<br />

172 184<br />

(+7%)<br />

(N/A)<br />

Australia<br />

Note (1): <strong>Fleet</strong> distribution is based on business jets in service at their active base of operation.<br />

Note (2): 2014 data for Australia, India, New Zealand and other Oceania Islands has been determined by deducting from <strong>2015</strong> fleet total new<br />

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

2<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

ASIA PACIFIC REGION – BUSINESS JET FLEET<br />

2014<br />

1,068<br />

<strong>2015</strong><br />

1,134<br />

+6.2%<br />

44<br />

49<br />

(+13%) (+11%) (+12%) (-4%)<br />

Philippines<br />

48<br />

46<br />

Malaysia<br />

1<br />

Samoa<br />

1<br />

1<br />

New Caledonia<br />

Highest<br />

Growth Rate<br />

8 12<br />

(N/A) (+50%)<br />

New Zealand<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 3


4<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


EXECUTIVE SUMMARY<br />

The Asia Pacific business jet fleet stood at 1,134 aircraft by year end <strong>2015</strong>, a 6.2% increase over the prior year, and in<br />

line with most market forecasts. Overall, the region added 140 aircraft – 66 new and 74 pre-owned – but also saw 74<br />

aircraft leave.<br />

China remains the largest market in the Asia Pacific region with 300 business jets, though its growth rate was just 3.8%<br />

in <strong>2015</strong>, reflecting a significant deceleration from previous years. A number of factors contributed to this deceleration,<br />

which are described in detail throughout this report.<br />

After China, the next two largest markets in the Asia Pacific region are Australia with 184 aircraft (7% growth in <strong>2015</strong>)<br />

and India with 145 aircraft (4% growth in <strong>2015</strong>).<br />

Hong Kong saw the largest number of aircraft added to its fleet in <strong>2015</strong>, and increase of 16 business jets, which was<br />

partly a reflection of ongoing changes in the China market.<br />

Taken together, the key territories of China, Hong Kong, Australia and India represent over two-thirds of the region’s<br />

business jet fleet.<br />

The top three OEMs in the Asia Pacific region by market share are Bombardier, Gulfstream and Cessna, with 27%, 23%<br />

and 19% of the fleet, respectively.<br />

Examining only fleet additions in <strong>2015</strong>, Bombardier saw the largest increase with 51 additional aircraft (28 new and<br />

23 pre-owned). The most popular added model across the region was the Global 6000, and the fastest growing size<br />

category was the ‘long range’ segment.<br />

The top 20 operators in the Asia Pacific region fly 35% of the fleet, with 9 of the top 10 being operators in Greater<br />

China. Australia and India have the most operators, but these markets are extremely fragmented where 70% and 67%<br />

of the operators have just a single aircraft.<br />

From an age perspective, the Asia Pacific region remains one of the world’s youngest, with 63% of fleet being less than<br />

10 years old (Hong Kong has the youngest and Australia the oldest fleet, on average).<br />

The US aircraft (N) registration is still the most popular in the Asia Pacific region, and is currently being utilized in at<br />

least 15 countries.<br />

ASIA PACIFIC BUSINESS REGION BUSINESS JET FLEET JET REPORT FLEET – REPORT YEAR <strong>EN</strong>D – YEAR <strong>2015</strong> <strong>EN</strong>D <strong>2015</strong> 5


Introduced in October 2014 amid secrecy, fanfare and a<br />

surprise powered roll-out, the Gulfstream G500 is a longrange<br />

jet that offers an optimized package of performance,<br />

comfort and technology. Most notable among the aircraft’s<br />

attributes is its speed, the result of a highly swept wing and<br />

powerful, yet efficient, Pratt & Whitney Canada PW814GA<br />

engines. Taken together, this combination in the G500 plus<br />

its advanced airframe design propels eight passengers and<br />

their luggage to an altitude of 51,000 feet, 5,000 nautical<br />

miles (9260 km) at Mach 0.85, the perfect balance<br />

between altitude, range and speed allowing passengers<br />

to maximize every minute of their travel time. What’s<br />

more, the G500 offers segment-leading fuel efficiency that<br />

is 11 percent to 26 percent better than its competitors.<br />

Short takeoff distances mean the aircraft can also deliver<br />

outstanding performance when departing from demanding<br />

airports.<br />

All of that performance comes in a wide-body package<br />

that maximizes passenger comfort. The finished cabin,<br />

which measures 91 inches wide (2.41m) and 74 inches tall<br />

(1.93m), provides plenty of flexibility, with the ability to carry<br />

up to 19 passengers in three living areas. The aircraft’s<br />

uniquely shaped cross-section allows for generous elbow<br />

and shoulder room for seated passengers while also<br />

offering plenty of headroom for those moving about the<br />

cabin. Pedestal-mounted conference tables provide a<br />

stable work space that is height adjustable. A wealth of<br />

options means each living area can be tailored to create<br />

the perfect combination. The aircraft features both forward<br />

and aft lavatories and a full-sized galley that can be located<br />

in either the forward or aft portion of the aircraft unique<br />

to this class of aircraft. Ample storage space is prevalent<br />

throughout, especially in the baggage compartment, which<br />

offers 175 cubic feet of usable volume.<br />

The cabin environment is further enhanced by an industryleading<br />

cabin altitude of 4,850 feet/1,578 m at FL510 and<br />

100 percent fresh air that boosts mental alertness and<br />

productivity while reducing fatigue. With the quietest cabin<br />

in the industry, the G500 provides an ideal environment for<br />

work-related discussion or social conversation. The G500<br />

also offers the same panoramic oval windows found on the<br />

G650 and G650ER, allowing natural light to pour into the<br />

cabin and further enhance the passenger environment,<br />

making it perfect for getting work done or relaxing. If<br />

passengers want to watch a movie, they have their choice<br />

of options, with a high-definition entertainment system that<br />

can stream to 19 different devices simultaneously.<br />

In the G500 detail and personalized styling gets special<br />

attention too. Owners can choose from the finest materials,<br />

6<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


such as handmade carpets of silk or cashmere, handstitched<br />

leather dyed to the color of one’s choosing, and<br />

wood veneers sourced from around the world. Gulfstream<br />

design teams will assist throughout the cabin design<br />

process, helping create an aircraft tailored to the owner’s<br />

needs and tastes, utilizing the most elegant materials<br />

available.<br />

In the flight deck, cutting-edge technology comes in<br />

the form of active control sidesticks and integrated<br />

touchscreen panels.<br />

The industry-first active control sidesticks offer enhanced<br />

safety and situational awareness over passive sticks<br />

through tactile feedback. The sidesticks enable direct<br />

pilot input to be transmitted to the actuators controlling<br />

flight surfaces. Electronic linking of the sidesticks enable<br />

the pilot and co-pilot to see and feel each other’s control<br />

inputs, which helps improve pilot coordination in the<br />

cockpit.<br />

Adding to the pilots’ more intuitive interaction with the<br />

aircraft are 10 integrated touchscreens, which help reduce<br />

the number of cockpit switches by 70 percent. These<br />

touchscreens will be used for system controls, flight<br />

management, communication, checklists and monitoring<br />

weather and flight information.<br />

The G500 is currently undergoing flight test, with four of<br />

five test articles already in flight. Together, the four aircraft<br />

have flown more than 700 hours, achieving a top speed<br />

of Mach 0.995 and a maximum altitude of 53,000 feet.<br />

On the ground, four labs are dedicated to ground testing<br />

and systems integration, with more than 43,000 hours of<br />

testing already complete. The G500 is expected to receive<br />

Federal Aviation Administration certification in 2017, with<br />

entry into service in 2018.<br />

PERFORMANCE<br />

Maximum Range:<br />

5,000 nm / 9,260 km<br />

High-Speed:<br />

Mach 0.90 / 516 ktas<br />

Long-Range:<br />

Mach 0.85 / 488 ktas<br />

Maximum Operating Speed: Mach 0.925<br />

Takeoff Distance(SL, ISA, MTOW): 5,200 ft / 1,585 m<br />

Landing Distance(SL, ISA, MLW): 3,100 ft / 945 m<br />

Initial Cruise Altitude:<br />

41,000 ft / 12,497 m<br />

Maximum Cruise Altitude:<br />

51,000 ft / 15,545 m<br />

WEIGHTS<br />

Maximum Takeoff:<br />

76,850 lb / 34,859 kg<br />

Maximum Landing:<br />

64,350 lb / 29,189 kg<br />

Maximum Zero Fuel:<br />

52,100 lb / 23,632 kg<br />

Basic Operating (including 3 crew): 46,600 lb / 21,137 kg<br />

Maximum Payload:<br />

5,500 lb / 2,495 kg<br />

Payload with Maximum Fuel:<br />

1,800 lb / 816 kg<br />

Maximum Fuel:<br />

28,850 lb / 13,086 kg<br />

EXTERNAL<br />

Length:<br />

91 ft 2 in / 27.78 m<br />

Overall Span:<br />

87 ft 1 in / 26.55 m<br />

Height:<br />

25 ft 6 in / 7.78 m<br />

INTERNAL<br />

Total Interior Length:<br />

47 ft 7 in / 14.50 m<br />

Cabin Length (excluding baggage): 41 ft 6 in / 12.65 m<br />

Cabin Height:<br />

6 ft 4 in / 1.93 m<br />

Cabin Width:<br />

7 ft 11 in / 2.41 m<br />

Cabin Volume:<br />

1,715 cu ft / 48.56 cu m<br />

Baggage Compartment (usable volume): 175 cu ft / 4.96 cu m<br />

DESIGN STANDARDS<br />

Avionics:<br />

Gulfstream Symmetry Flight Deck<br />

Engines:<br />

Two Pratt & Whitney Canada PW815GA<br />

Rated Takeoff Thrust (each): 15,144 lb / 67.36 kN<br />

Passengers (Typical Outfitting):<br />

Up to 19 / 3 Crew<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong><br />

7


<strong>2015</strong> OVERVIEW: ADDITIONS AND DEDUCTIONS<br />

The Asia Pacific region saw the net addition of 66 business jets in <strong>2015</strong>, a growth<br />

rate of 6.2%.<br />

Underpinning this increase were 140 business jets entering the Asia Pacific<br />

region (split 47% / 53% between new and pre-owned additions), and a reduction<br />

of 74 aircraft leaving the region.<br />

The leading OEM by number of deliveries in <strong>2015</strong> was Bombardier with 51<br />

additional new and pre-owned aircraft additions (36% market share). This was<br />

followed by Gulfstream with 39 and Cessna with 16, for a 28% and 11% market<br />

share, respectively.<br />

Whereas Bombardier, Gulfstream and Embraer each delivered more new aircraft<br />

than pre-owned into the Asia Pacific region in <strong>2015</strong>, Cessna and the rest of the<br />

OEMs all saw more pre-owned aircraft added into the region than new.<br />

Similar to the profile of added aircraft, of those that left the region, 25 aircraft<br />

were Gulfstream, 18 were Bombardier and 8 were Cessna, due in part to trade-in<br />

factors or owners deciding to upgrade but remain with the same OEM.<br />

The most commonly added business jet model to the Asia Pacific fleet in <strong>2015</strong><br />

(for both new and pre-owned deliveries) was the Global 6000, with a total of 15<br />

additional aircraft, followed by the G450 with 12, the G550 with 9, the Global<br />

5000 with 8 and the G650 with 7; further establishing that the Asia Pacific region<br />

is a ‘large cabin size and up’ business jet market.<br />

This was further illustrated by combined deliveries of the ‘Global family’ from<br />

Bombardier and the ‘G450/550’ family from Gulfstream: 23 Globals and 21<br />

G450s/550s. A key difference however is that 17 of the Global aircraft were new<br />

versus only 9 of the G450s/550s. The Global family also saw only 6 deductions<br />

whereas the G450/550 family saw 11, though some of these G450/G550<br />

reductions reflected new G650 deliveries and orders.<br />

The territories in the Asia Pacific region with the most activity in <strong>2015</strong> were Hong<br />

Kong and China, including for both deliveries and reductions.<br />

Another active pre-owned market was Australia with 18% of all added aircraft,<br />

and Singapore, which accounted for 16% of all deductions. As Australia is a very<br />

mature business jet market, it is not surprising to see a well-established and<br />

thriving pre-owned market.<br />

8<br />

ASIA PACIFIC REIGION REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>Fleet</strong> Additions – Asia Pacific Region<br />

Net Additions - <strong>2015</strong><br />

New Deliveries<br />

ASIA PACIFIC REGION<br />

Boeing 3 (5%)<br />

Cessna 5 (8%)<br />

Embraer 6 (9%)<br />

Gulfstream<br />

20 (30%)<br />

42+30+9+8+5+3+3+G<br />

+66<br />

Bombardier<br />

28 (42%)<br />

Airbus 2 (3%)<br />

Dassault 2 (3%)<br />

Pre-owned Additions<br />

Boeing 2 (3%)<br />

Embraer 2 (3%)<br />

Airbus 7 (9%)<br />

Dassault 8 (11%)<br />

Cessna 11 (15%)<br />

30+26+15+11+10+3+3+1+1+G<br />

+74<br />

Hawker 1 (1%)<br />

Others 1 (1%)<br />

Bombardier 23 (31%)<br />

Gulfstream 19 (26%)<br />

Deductions<br />

Embraer 5 (7%)<br />

Dassault 5 (7%)<br />

Hawker 6 (8%)<br />

Cessna 8 (11%)<br />

34+25+11+7+7+7+5+4+G<br />

-74<br />

Airbus 3 (4%)<br />

Gulfstream 25 (34%)<br />

Boeing 4 (5%)<br />

Bombardier 18 (24%)<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 9


ASIA PACIFIC REGION<br />

Net Additions Per Model – New vs Pre-owned<br />

66 in total<br />

The most popular business jet models to be added to the Asia Pacific region fleet in <strong>2015</strong> were the Bombardier Global<br />

6000, Gulfstream G450 and G550.<br />

Airbus<br />

+6<br />

ACJ319<br />

ACJ318<br />

ACJ320<br />

ACJ330<br />

-1 1<br />

1<br />

-1 2<br />

-1 1<br />

4<br />

Deductions (-74)<br />

New Deliveries (66)<br />

Pre-owned (74)<br />

Boeing<br />

+1<br />

BBJ<br />

737-200 ADVANCED<br />

-3<br />

-1<br />

3 2<br />

Bombardier<br />

+33<br />

Global 6000<br />

Challenger 605<br />

Challenger 604<br />

Global 5000<br />

Challenger 800/850<br />

Learjet 31/A<br />

Challenger 300/350<br />

Challenger 870<br />

Global Express XRS<br />

Learjet 75<br />

Learjet 45/XR<br />

Learjet 35/A/36/A<br />

Learjet 60/XR<br />

Global Express<br />

-4<br />

-4<br />

-2<br />

-1<br />

-2<br />

-1<br />

-1<br />

-1<br />

-1<br />

-1<br />

5<br />

4<br />

5<br />

1 2<br />

2<br />

3<br />

1<br />

5<br />

1<br />

1<br />

1<br />

1<br />

12<br />

1<br />

3<br />

3<br />

Cessna<br />

+8<br />

Citation CJ4<br />

Citation S/II/Bravo/II/SP<br />

Citation 500/I/SP<br />

Citation Excel/XLS/+<br />

Citation Mustang<br />

Citation CJ2/+<br />

Citation Sovereign/+<br />

-1<br />

-1<br />

-3<br />

-1<br />

-2<br />

3<br />

3<br />

2<br />

2 1<br />

4<br />

1<br />

Dassault<br />

+5<br />

Falcon 2000/DX/EX EASy<br />

Falcon 2000LX/LXS<br />

Falcon 2000S<br />

Falcon 900EX/EASy<br />

Falcon 7X<br />

Falcon 900LX<br />

-4<br />

-1<br />

1<br />

1<br />

1<br />

1<br />

1<br />

2<br />

3<br />

Embraer<br />

+3<br />

Phenom 100<br />

Legacy 500<br />

Legacy 650<br />

Legacy 600<br />

Lineage 1000<br />

-2<br />

-2<br />

-1<br />

2<br />

1<br />

3<br />

2<br />

Gulfstream<br />

+14<br />

G450<br />

G650<br />

G550<br />

G280<br />

G650ER<br />

G300/G350<br />

G500<br />

G200<br />

G-II<br />

G-III<br />

G-V<br />

G-IV/IV-SP<br />

-6<br />

-5<br />

-3<br />

-3<br />

-3<br />

-1<br />

-1<br />

-1<br />

-1<br />

-1<br />

2 10<br />

6<br />

1<br />

7<br />

3<br />

2 1<br />

1<br />

1<br />

2<br />

1<br />

2<br />

Hawker<br />

-5<br />

Hawker 1000A/B<br />

Hawker 800A/B/850XP/XPI/125-A<br />

Hawker 900XP<br />

-1<br />

-3<br />

-2<br />

1<br />

Nextant<br />

+1<br />

Nextant 400XT/XTi<br />

1<br />

10<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

<strong>2015</strong> New Deliveries by Country and Aircraft Model<br />

66 in Total<br />

Hong Kong<br />

China<br />

Japan<br />

Singapore<br />

Australia<br />

India<br />

Taiwan<br />

Malaysia<br />

Philippines<br />

Indonesia<br />

Samoa<br />

Total<br />

% of Total<br />

Airbus ACJ318 1 1 2%<br />

ACJ319 1 1 2%<br />

Boeing BBJ 3 3 5%<br />

Bombardier Challenger 300/350 1 1 1 3 5%<br />

Challenger 605 2 2 1 5 8%<br />

Challenger 800/850 1 1 2%<br />

Challenger 870 1 1 2%<br />

Global 5000 2 1 1 1 5 8%<br />

Global 6000 5 1 2 2 1 1 12 18%<br />

Learjet 75 1 1 2%<br />

Cessna Citation CJ4 3 3 5%<br />

Citation Excel/XLS/+ 1 1 2 3%<br />

Dassault Falcon 2000LX/LXS 1 1 2%<br />

Falcon 7X 1 1 2%<br />

Embraer Legacy 500 1 1 2%<br />

Legacy 650 2 1 3 5%<br />

Phenom 100 1 1 2 3%<br />

Gulfstream G280 1 2 3 5%<br />

G450 2 2 3%<br />

G550 2 2 1 1 1 7 11%<br />

G650 5 1 6 9%<br />

G650ER 1 1 2 3%<br />

Total 18 17 6 6 4 4 4 3 2 1 1 66<br />

% of Total 27% 26% 9% 9% 6% 6% 6% 5% 3% 2% 2%<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 11


ASIA PACIFIC REGION<br />

<strong>2015</strong> Pre-Owned Additions by Country and Aircraft Model<br />

74 in Total<br />

Hong Kong<br />

Australia<br />

China<br />

Indonesia<br />

Philippines<br />

Singapore<br />

India<br />

New Zealand<br />

Malaysia<br />

South Korea<br />

Taiwan<br />

Thailand<br />

Total<br />

% of Total<br />

Airbus ACJ319 3 1 4 5%<br />

ACJ320 1 1 2 3%<br />

ACJ330 1 1 1%<br />

Boeing BBJ 2 2 3%<br />

Bombardier Challenger 604 4 4 5%<br />

Challenger 605 1 1 1%<br />

Challenger 800/850 2 2 3%<br />

Global 5000 2 1 3 4%<br />

Global 6000 1 1 1 3 4%<br />

Global Express XRS 1 1 1 1 1 5 7%<br />

Learjet 31/A 1 1 2 3%<br />

Learjet 35/A/36/A 1 1 1%<br />

Learjet 45/XR 1 1 1%<br />

Learjet 60/XR 1 1 1%<br />

Cessna Citation 500/I/SP 1 1 2 3%<br />

Citation CJ4 1 1 1%<br />

Citation Excel/XLS/+ 1 1 1%<br />

Citation Mustang 1 3 4 5%<br />

Citation S/II/Bravo/II/SP 2 1 3 4%<br />

Dassault Falcon 2000/DX/EX EASy 1 1 2 3%<br />

Falcon 2000S 1 1 1%<br />

Falcon 7X 1 1 1 3 4%<br />

Falcon 900EX/EASy 1 1 1%<br />

Falcon 900LX 1 1 1%<br />

Embraer Legacy 600 2 2 3%<br />

Gulfstream G200 1 1 2 3%<br />

G300/350 1 1 1%<br />

G450 3 3 1 1 2 10 14%<br />

G500 1 1 1%<br />

G550 1 1 2 3%<br />

G650 1 1 1%<br />

G65OER 1 1 1%<br />

G-V 1 1 1%<br />

Hawker Hawker 800A/B/850XP/XPI 1 1 1%<br />

Nextant Nextant 400XT/XTi 1 1 1%<br />

Total 14 13 13 7 6 6 6 4 2 1 1 1 74<br />

% of Total 19% 18% 18% 9% 8% 8% 8% 5% 3% 1% 1% 1%<br />

12<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> Deductions by Country and Aircraft Model<br />

74 in Total<br />

China<br />

Hong Kong<br />

Singapore<br />

Malaysia<br />

Australia<br />

India<br />

Philippines<br />

Taiwan<br />

Indonesia<br />

Thailand<br />

Japan<br />

Vietnam<br />

ASIA PACIFIC REGION<br />

South Korea<br />

Macau<br />

Total<br />

% of Total<br />

Airbus ACJ319 1 1 1%<br />

ACJ320 1 1 1%<br />

ACJ330 1 1 1%<br />

Boeing BBJ 1 1 1 3 4%<br />

737-200 ADVANCED 1 1 1%<br />

Bombardier Challenger 300/350 2 2 3%<br />

Challenger 605 1 1 1%<br />

Challenger 800/850 1 1 1%<br />

Global 5000 2 1 1 4 5%<br />

Global 6000 1 1 2 3%<br />

Global Express 1 1 1%<br />

Global Express XRS 3 1 4 5%<br />

Learjet 35/A/36/A 1 1 1%<br />

Learjet 45/XR 1 1 1%<br />

Learjet 60/XR 1 1 1%<br />

Cessna Citation CJ2/+ 1 1 1%<br />

Citation CJ4 1 1 1%<br />

Citation Excel/XLS/+ 1 1 1%<br />

Citation Mustang 3 3 4%<br />

Citation Sovereign/+ 1 1 2 3%<br />

Dassault Falcon 7X 2 1 1 4 5%<br />

Falcon 900LX 1 1 1%<br />

Embraer Legacy 600 1 1 2 3%<br />

Legacy 650 1 1 2 3%<br />

Lineage 1000 1 1 1%<br />

Gulfstream G200 1 1 1 3 4%<br />

G450 1 1 2 1 1 6 8%<br />

G500 1 1 1%<br />

G550 1 4 5 7%<br />

G650 1 1 1%<br />

G650ER 1 1 1%<br />

G-II 1 1 1%<br />

G-III 1 1 1%<br />

G-IV/IV-SP 2 1 3 4%<br />

G-V 2 1 3 4%<br />

Hawker Hawker 800/850 Family 1 1 1 3 4%<br />

Hawker 900XP 1 1 2 3%<br />

Hawker 1000A/B 1 1 1%<br />

Total 19 16 12 7 5 4 3 2 1 1 1 1 1 1 74<br />

% of Total 26% 22% 16% 9% 7% 5% 4% 3% 1% 1% 1% 1% 1% 1% 1%<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 13


14<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> FLEET BREAKDOWN BY COUNTRY & SIZE CATEGORY<br />

With 66 net aircraft added to the Asia Pacific business jet fleet in <strong>2015</strong>, the total fleet has now<br />

grown to 1,134 aircraft.<br />

The largest market is China, representing 26% of the total fleet (300 aircraft), followed by Australia<br />

with 16% (184 aircraft), India with 13% (145 aircraft) and Hong Kong with 12% (132 aircraft).<br />

Combined, the top 4 territories represent 67% of the total fleet.<br />

The top 3 OEMs in terms of market share are Bombardier with 27%, Gulfstream with 23% and<br />

Cessna with 19%, together representing nearly 70% of the total Asia Pacific business jet fleet. This<br />

1-2-3 ranking mirrors the net additions for each of the OEMs in <strong>2015</strong>: Bombardier +33 aircraft,<br />

Gulfstream +14 aircraft and Cessna +8 aircraft.<br />

Examining the top 4 markets individually and the top 3 largest OEM’s in each by market share:<br />

• China Gulfstream 32%, Bombardier 25% and Cessna 13% - total 70%<br />

• Australia Cessna 40%, Bombardier 35% and Hawker 7% - total 82%<br />

• Hong Kong Gulfstream 47%, Bombardier 36% and Dassault 5% - total 88%<br />

• India Cessna 22%, Bombardier 22% and Hawker 21% - total 65%<br />

The three largest OEMs by market share represent 65% or more of the fleet in each of the top 4<br />

Asia Pacific markets.<br />

Bolstered by its diverse product range, Bombardier is the only OEM with a top 3 market share<br />

position in all 4 top markets, and leading to its overall market share ranking for the Asia Pacific<br />

region.<br />

Gulfstream’s long range aircraft and dedicated branding efforts have positioned it with the leading<br />

market share in the Greater China region, which includes 171 of its aircraft and represents 65% of<br />

its total Asia Pacific fleet.<br />

A similar mission profile and dedicated customer base to that of the United States has factored<br />

into Cessna’s leading market share in Australia.<br />

The Indian market is relatively fragmented compared to the other top markets, and as a result all<br />

three of the OEMs referenced above have significant but effectively identical market share.<br />

Given the significance of the China market and that 27% of its total fleet is made up of long-range<br />

category aircraft, it is not too surprising that for the total Asia Pacific region ‘long-range’ aircraft<br />

constitute the largest market share overall (with 24% of the total fleet). This is followed by the ‘large’<br />

aircraft category with 22% (26% of the China fleet) and the ‘light’ aircraft category with 19% of the<br />

total fleet (41% of the Australian fleet).<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong><br />

15


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> by OEM & Country – Asia Pacific Region<br />

300<br />

184<br />

145<br />

132<br />

63<br />

52<br />

49<br />

49<br />

46<br />

33<br />

China<br />

Australia<br />

India<br />

Hong Kong<br />

Singapore<br />

Indonesia<br />

Philippines<br />

Japan<br />

Malaysia<br />

Thailand<br />

Airbus 14 1 2 4 1 1 1 2 2<br />

Boeing 8 1 1 6 2 2 1 2 2<br />

Bombardier 75 64 31 48 29 13 10 5 15 1<br />

Cessna 39 73 32 1 4 11 26 9 8<br />

Dassault 34 8 19 7 2 4 2 7 3<br />

Embraer 20 5 17 3 7 13 1<br />

Gulfstream 98 9 12 62 18 7 10 11 8 10<br />

Hawker 12 14 31 2 3 10 9 3 1 7<br />

Others 9 2 1 4 1<br />

Total 300 184 145 132 63 52 49 49 46 33<br />

% of Total 26% 16% 13% 12% 6% 5% 4% 4% 4% 3%<br />

% Change from 2014 +3% +7% +4% +14% +16% +11% +11% -4%<br />

16<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Boeing 33 (3%)<br />

Others 19 (2%)<br />

Airbus 34 (3%)<br />

Embraer 69 (6%)<br />

Dassault 91 (8%)<br />

Hawker<br />

98 (9%)<br />

27+23+19+9+8+6+3+3+2+G<br />

1,134<br />

Bombardier 306 (27%)<br />

Cessna 220 (19%)<br />

Gulfstream 264 (23%)<br />

22<br />

20<br />

12<br />

12<br />

3<br />

3<br />

3<br />

3<br />

1<br />

1<br />

1<br />

Taiwan<br />

South Korea<br />

Macau<br />

New Zealand<br />

Bangladesh<br />

Brunei<br />

Cambodia<br />

Papua New<br />

Guinea<br />

Myanmar<br />

New Caledonia<br />

Samoa<br />

Total<br />

% of<br />

Total<br />

% Change<br />

From 2014<br />

3 1 1 1 34 3% +21%<br />

1 5 2 33 3% +6%<br />

6 3 4 1 1 306 27% +12%<br />

8 6 2 1 220 19% +4%<br />

1 1 2 1 91 8% +6%<br />

1 2 69 6% +5%<br />

8 2 3 2 3 1 264 23% +6%<br />

3 1 1 1 98 9% -5%<br />

2 19 2% +6%<br />

22 20 12 12 3 3 3 3 1 1 1 1,134<br />

2% 2% 1% 1%<br />

+16% -8% +50%<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 17


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> by OEM & Countries – Top Markets<br />

China<br />

Hong Kong<br />

Hawker 12 (4%)<br />

Airbus 14 (5%)<br />

Embraer 20 (7%)<br />

Dassault<br />

34 (11%)<br />

Cessna<br />

39 (13%)<br />

33+25+13+11+7+5+4+2+G<br />

Boeing 8 (3%)<br />

Gulfstream 98 (32%)<br />

47+36+5+5+3+2+2+G<br />

Boeing 6 (5%) Airbus 4 (3%)<br />

Dassault 7 (5%)<br />

300 132<br />

Embraer 3 (2%)<br />

Hawker 2 (2%)<br />

Bombardier 75 (25%)<br />

Bombardier<br />

48 (36%)<br />

Gulfstream 62 (47%)<br />

Macau<br />

Taiwan<br />

Dassault 1 (8%)<br />

Bombardier 4 (34%) Boeing 1 (4%) Embraer 1 (5%)<br />

Embraer 2 (17%)<br />

34+25+17+8+8+8+G 36+27+14+14+4+5+G<br />

12 22<br />

Airbus 3 (14%)<br />

Gulfstream 8 (36%)<br />

Airbus 1 (8%)<br />

Hawker 1 (8%)<br />

Gulfstream 3 (25%)<br />

Hawker 3 (14%)<br />

Bombardier 6 (27%)<br />

18<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Japan<br />

South Korea<br />

Dassault 2 (4%)<br />

Hawker 3 (6%)<br />

Bombardier<br />

5 (10%)<br />

Gulfstream<br />

11 (23%)<br />

53+23+10+6+4+2+2+G 38+29+14+9+5+5+G<br />

Boeing 1 (2%)<br />

Airbus 1 (2%)<br />

Hawker 1 (5%) Airbus 1 (5%)<br />

Gulfstream 2 (10%)<br />

Bombardier<br />

3 (15%)<br />

49 20<br />

Cessna 8 (40%)<br />

Cessna 26 (53%)<br />

Boeing 5 (25%)<br />

India<br />

Thailand<br />

Gulfstream 12 (8%)<br />

Airbus 2 (1%)<br />

Boeing 2 (6%) Bombardier 1 (3%)<br />

Embraer 17 (12%)<br />

Boeing 1 (1%)<br />

Airbus 2 (6%)<br />

Gulfstream 10 (31%)<br />

Dassault<br />

19 (13%)<br />

24+21+21+13+11+8+1+1+G 31+24+21+9+6+6+3+G<br />

Cessna 32 (22%)<br />

Dassault 3 (9%)<br />

145 33<br />

Hawker 31 (21%)<br />

Bombardier 31 (22%)<br />

Hawker 7 (21%)<br />

Cessna 8 (24%)<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 19


ASIA PACIFIC REGION<br />

Philippines<br />

Malaysia<br />

Westwind 3 (6%)<br />

Dassault 4 (8%)<br />

Hawker<br />

9 (18%)<br />

22+22+20+18+8+6+2+2+G 33+20+18+15+4+4+2+2+2+G<br />

49<br />

Airbus 1 (2%)<br />

Dornier 1 (2%)<br />

Cessna<br />

11 (23%)<br />

Hawker 1 (2%)<br />

Airbus 2 (4%)<br />

Boeing 2 (4%)<br />

Dassault<br />

7 (15%)<br />

46<br />

Eclipse 1 (2%)<br />

Embraer 1 (2%)<br />

Bombardier<br />

15 (33%)<br />

Bombardier<br />

Gulfstream 10 (20%) 10 (20%) Gulfstream 8 (18%) Cessna 9 (20%)<br />

Singapore<br />

Indonesia<br />

Nextant 1 (2%)<br />

Sabreliner 1 (1%)<br />

Cessna 1 (2%)<br />

Airbus 1 (2%)<br />

Dassault 2 (4%) BAE 1 (2%)<br />

Boeing 2 (4%)<br />

Boeing 2 (3%)<br />

Hawker 3 (5%)<br />

Embraer<br />

7 (11%)<br />

44+29+11+5+3+2+2+2+2+G 25+25+19+13+8+4+4+2+G<br />

Bombardier 29 (46%)<br />

Cessna 4 (8%)<br />

Gulfstream<br />

7 (13%)<br />

63 52<br />

Bombardier 13 (25%)<br />

Gulfstream 18 (28%)<br />

Hawker 10 (19%)<br />

Embraer 13 (25%)<br />

20<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Australia<br />

New Zealand<br />

Dassault 8 (4%)<br />

Embraer 5 (3%)<br />

Bombardier 1 (8%) Dassault 1 (8%)<br />

Westwind 8 (4%)<br />

Gulfstream 9 (5%)<br />

Hawker<br />

14 (7%)<br />

Bombardier 64 (35%)<br />

40+34+8+5+4+4+3+2+G 50+17+9+8+8+8+G<br />

Others 3 (2%)<br />

Cessna 73 (40%)<br />

Westwind 1 (8%)<br />

184 12<br />

Nextant<br />

1 (9%)<br />

Cessna 6 (50%)<br />

Gulfstream 2 (17%)<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 21


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> by Size Category – Asia Pacific Region<br />

Very Light 86 (8%)<br />

Corp. Airliner 123 (11%)<br />

300<br />

Medium 175 (15%)<br />

11+24+22+20+15+8+G<br />

1,134<br />

Long Range 277 (24%)<br />

Light 220 (20%) Large 253 (22%)<br />

184<br />

145<br />

132<br />

63<br />

52<br />

49<br />

49<br />

46<br />

33<br />

22<br />

20<br />

12<br />

12<br />

3<br />

3<br />

3<br />

3<br />

1<br />

1<br />

1<br />

China<br />

Australia<br />

India<br />

Hong Kong<br />

Singapore<br />

Indonesia<br />

Japan<br />

Philippines<br />

Malaysia<br />

Thailand<br />

Taiwan<br />

South Korea<br />

Macau<br />

New Zealand<br />

Bangladesh<br />

Brunei<br />

Cambodia<br />

Papua New<br />

Guinea<br />

Myanmar<br />

New Caledonia<br />

Samoa<br />

Total<br />

% Change<br />

From 2014<br />

Corp. Airliner 60 2 8 15 3 4 2 3 4 4 5 6 3 3 1 123 +8%<br />

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

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

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

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

Very Light 18 26 15 3 2 6 4 2 3 3 4 86 +4%<br />

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

% Change<br />

from 2014<br />

+4% +7% +4% + 14% + 16% + 11% + 11% -4% + 16% -8% + 50%<br />

22<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Size Category Description<br />

ASIA PACIFIC REGION<br />

Corporate Airliner<br />

Dornier 328JET<br />

Boeing 727-100<br />

Boeing 737-400<br />

Boeing 747-400<br />

Boeing 757-200<br />

Boeing 767-200ER<br />

Boeing 787-8<br />

Airbus A319ER<br />

Airbus 340-200<br />

ACJ318<br />

ACJ319<br />

ACJ320<br />

ACJ330<br />

BBJ<br />

BBJ2<br />

Challenger 800/850<br />

Challenger 870<br />

CRJ100/200/VIP<br />

ERJ135ER/LR<br />

Lineage 1000<br />

BAE 146<br />

Medium<br />

Long Range<br />

Falcon 7X<br />

Gulfstream G500*<br />

Gulfstream G550<br />

Gulfstream G650<br />

Gulfstream G650ER<br />

Global 5000<br />

Global 6000<br />

Global Express<br />

Global Express XRS<br />

Gulfstream V<br />

Light<br />

Large<br />

Challenger 600/601<br />

Challenger 604<br />

Challenger 605<br />

Falcon 2000/DX/EX EASy<br />

Falcon 2000LX/LXS<br />

Falcon 2000S<br />

Falcon 900/C/DX<br />

Falcon 900EX/EASy<br />

Falcon 900LX<br />

Gulfstream G300/G350<br />

Gulfstream G450<br />

Gulfstream II<br />

Gulfstream III<br />

Gulfstream IV/IV-SP<br />

Legacy 600<br />

Legacy 650<br />

Very Light<br />

Challenger 300/350<br />

Citation Sovereign/+<br />

Citation X/+<br />

Falcon 20D/F-5<br />

Falcon 50<br />

Gulfstream G100/G150<br />

Gulfstream G200<br />

Gulfstream G280<br />

Hawker 1000A/B<br />

Hawker 4000<br />

Hawker 700A/B/750<br />

Hawker 800A/B/850XP/XPI/125-1A<br />

Hawker 900XP<br />

Learjet 60/XR<br />

Legacy 500<br />

Citation 500/I/SP<br />

Citation 525/CJ1/+/M2<br />

Citation CJ2/+<br />

Citation Mustang<br />

Citation CJ3<br />

Eclipse 500<br />

Citation CJ4<br />

Learjet 24/B/D/E/25B<br />

Citation Encore/+<br />

Phenom 100<br />

Citation Excel/XLS/+<br />

Premier I/IA<br />

Citation III/VI/VII<br />

Citation S/II/Bravo/II/SP<br />

Citation Ultra/V<br />

Falcon 10<br />

Hawker 400/A/B/Diamond I<br />

Hawker 400XP<br />

Learjet 31/A<br />

Learjet 35/A/36/A<br />

Learjet 40<br />

Learjet 45/XR<br />

Learjet 75<br />

Nextant 400XT/XTi<br />

Phenom 300<br />

Sabreliner 65<br />

Westwind 1/2<br />

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

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 23


Kevin Wu,<br />

Vice President International<br />

Sales<br />

Greater China and Mongolia<br />

24<br />

ASIA PACIFIC ASIA REGION PACIFIC BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Kevin Wu is the International Vice President, Greater China<br />

& Mongolia Sales for Textron Aviation. He also services<br />

as Chairman of the Asian <strong>Business</strong> Aviation Association<br />

(AsBAA) and Co-Chairman of the Aerospace Forum under<br />

the American Chamber of Commerce (AmCham) in China.<br />

Wu’s 30-year aviation career had its seeds planted as early<br />

as his high school days when during the high education<br />

examination periods in China, he had to pick a field as<br />

his career. “Aviation at the time was a dream that was<br />

far out of reach of most ordinary people’s lives,” he said.<br />

Naturally drawn to breaking new ground and overcoming<br />

obstacles, Kevin saw opportunities where others saw<br />

hurdles. “I decided that it was worth taking the chance to<br />

apply into the aviation sector. If I applied, at least I would<br />

have a fighting chance,” recalled Wu.<br />

With a degree in Air Traffic Management from the<br />

prestigious Civil Aviation University of China (CAUC) in<br />

Tianjin, for the next six years following his graduation Wu<br />

honed his skills as an air traffic controller in the Xi’an and<br />

Guilin international airports. “It was during this time that<br />

I developed so many skills that are still serving me to this<br />

day, including clear, concise, and precise communications,<br />

self discipline, multitasking, having sound understanding<br />

of what’s happening around you, understanding other<br />

people, and able to quickly find a solution.” Wu also<br />

spent a considerable amount of time doing ATC on-the-job<br />

training at the Malmo and Arlanda International Airport in<br />

Sweden, as well as the Copenhagen International Airport<br />

in Denmark. All of these opportunities had offered him<br />

first hand exposure to the Western culture, broadening his<br />

scope in the industry that eventually became critical for his<br />

later endeavors.<br />

With China’s goal of establishing world class aviation<br />

standards in the 1990’s, Wu’s skills and broad<br />

international experience saw him become Senior Lecturer<br />

at the same university he had just graduated from six<br />

years prior. For the next five years, Wu trained some of the<br />

brightest and most ambitious minds that went on to serve<br />

China’s aviation industry, including air force ATC officers,<br />

as well as international ATC officials from Southeast Asia<br />

and Africa. At the same time, Wu became Deputy to ICAO<br />

Project Director, establishing training curriculums and<br />

courses that are still in place and taught to this day.<br />

Western, corporate environment of Lockheed Martin, but<br />

I enjoyed it,” says Wu. When asked about the challenges<br />

and obstacles that he had to overcome during this<br />

transition, Wu says that there were “language and cultural<br />

challenges, and the adjustment of understanding why<br />

people from different cultures think so differently. But<br />

that was the value I brought to the table too - my technical<br />

background combined with an understanding of both the<br />

East and the West, including from my experience abroad in<br />

Sweden.”<br />

After half a decade with Lockheed Martin, Kevin left<br />

as <strong>Business</strong> Development Director, Greater China<br />

Region to join Textron Inc., the global leader in general<br />

aviation, as VP for Strategy, <strong>Business</strong> Development and<br />

Government Affairs, and later transferred to the Cessna<br />

Aircraft Company to oversee North Asia for Sales &<br />

Market Development. Following Cessna and Beechcraft’s<br />

consolidation into Textron Aviation Inc in 2014, Wu<br />

currently leads and coordinates the sales, marketing,<br />

and customer service efforts in North Asia. “I see great<br />

prospects ahead for Textron Aviation. We are not just here<br />

to receive, but here to give and share. We have a strong<br />

team with localized insights that meet real demands,” says<br />

Wu.<br />

In Wu’s spare time, he continues to inspire and shape<br />

the next generation’s minds at the request of various<br />

universities, providing first class instruction and training.<br />

Wu also spends time inspiring the youth through AsBAA<br />

initiatives, most recently with visiting selected schools in<br />

Beijing, Tianjin, Chengdu, Nanjing, and Shanghai to provide<br />

seminars. In asking what advice he could give to the next<br />

generation, Wu says, “at first, try everything - learn as much<br />

as you can beyond your own designated major or subjects<br />

so that you become well-rounded. Then in the next few<br />

years, identify your real passions and gradually focus on<br />

one or two of them so that you become a specialist. Then<br />

when you have the opportunity, become a generalist so<br />

that you move into management with the solid foundation<br />

and insight of a specialist.” Wu reminds the youth that “In<br />

the end, all fields have their commonality in where they<br />

began. That is why you must take your time to find yours<br />

and nurture it.”<br />

By the time that Wu had 15 years of lecturing under<br />

his belt, he was Executive Director of the International<br />

Department at the Civil Aviation University of China,<br />

with extensive experience in U.S.-China programs and<br />

negotiations in both the government and private sectors.<br />

It was at this time that Wu found his next calling with<br />

the American global aerospace and defense company<br />

Lockheed Martin, where he served in sales and business<br />

development capacities. “It was perhaps the biggest<br />

change for me psychologically, making the switch from<br />

providing training programs at the CAUC to working in the<br />

ASIA PACIFIC REGION BUSINESS BUSINESS JET FLEET JET REPORT FLEET REPORT – YEAR <strong>EN</strong>D – YEAR <strong>2015</strong> <strong>EN</strong>D <strong>2015</strong><br />

25


ASIA PACIFIC REGION<br />

<strong>2015</strong> FLEET BREAKDOWN BY OEM<br />

The top three ranked OEMs in the Asia Pacific region, by market share, are Bombardier, Gulfstream<br />

and Cessna.<br />

• Bombardier’s share of the Asia Pacific market at the end of <strong>2015</strong> was 27% (306<br />

aircraft) – with its top 3 markets being China (75 aircraft), Australia (64 aircraft) and<br />

Hong Kong (48 aircraft). Its most popular models in the Asia Pacific region are the<br />

Challenger 605 (39 aircraft), Global 6000 (35 aircraft) and the Global 5000 (33 aircraft).<br />

• Gulfstream’s share of the Asia Pacific market was 23% (264 aircraft) – with its top<br />

2 markets being China (98 aircraft) and Hong Kong (62 aircraft). Its most popular<br />

models in the Asia Pacific region are the G550 (94 aircraft) and the G450 (72 aircraft).<br />

• Cessna’s share of the Asia Pacific market was 19% (220 aircraft) – with its top market being<br />

Australia (73 aircraft) and its most popular models being the Citation II / Bravo family (38 aircraft).<br />

• Hawker’s share of the Asia Pacific market was 9% (98 aircraft) – with its best market being<br />

India (31 aircraft) and its most popular models being the Hawker 800/850 family (38 aircraft). *<br />

• Dassault’s share of the Asia Pacific market was 8% (91 aircraft) – with its best market<br />

being China (34 aircraft) and its most popular model being the Falcon 7X (36 aircraft).<br />

• Embraer’s share of the Asia Pacific market was 6% (69 aircraft) – with its<br />

largest markets being China (20 aircraft), India (17 aircraft) and Indonesia (13<br />

aircraft). Its most popular models are the Legacy 600/650 family (41 aircraft).<br />

• Airbus’s share of the Asia Pacific market was 3% (34 aircraft) with its best market<br />

being China (14 aircraft) and its most popular model being the ACJ319 (18 aircraft).<br />

• Boeing’s share of the Asia Pacific market was 3% (33 aircraft), with its best markets being China<br />

(8 aircraft), Hong Kong (6 aircraft) and Korea (5 aircraft). Its most popular model in the Asia<br />

Pacific region is the BBJ1 (22 aircraft).<br />

*Note: Hawker was acquired by Cessna’s parent company, Textron, 2014; and the Hawker business<br />

jet line has since been discontinued.<br />

26<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>Fleet</strong> by Major OEM – Asia Pacific Region<br />

ASIA PACIFIC REGION<br />

Airbus<br />

Macau 1 (3%)<br />

Japan 1 (3%)<br />

Brunei 1 (3%)<br />

Philippines 1 (3%)<br />

Singapore 1 (3%)<br />

South Korea 1 (3%)<br />

Australia 1 (3%)<br />

Thailand 2 (6%)<br />

Malaysia 2 (6%)<br />

India 2 (6%)<br />

41+11+9+6+6+6+3+3+3+3+3+3+3+G<br />

34<br />

China 14 (41%)<br />

Taiwan 3 (9%)<br />

Hong Kong 4 (11%)<br />

14<br />

4 3 2 2 2 1 1 1 1 1 1 1<br />

China<br />

Hong Kong<br />

Taiwan<br />

India<br />

Malaysia<br />

Thailand<br />

Australia<br />

Brunei<br />

Japan<br />

Macau<br />

Philippines<br />

Singapore<br />

South Korea<br />

Total<br />

Change<br />

from<br />

2014<br />

A319ER 3 3<br />

A340-200 1 1<br />

ACJ318 3 2 2 1 8 +1<br />

ACJ319 7 2 1 2 1 1 1 1 1 1 18 +4<br />

ACJ320 1 1 1 3 +1<br />

ACJ330 1 1<br />

Total 14 4 3 2 2 2 1 1 1 1 1 1 1 34<br />

Change from 2014 +4 -2 +1 +1 +1 +1 +6<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 27


ASIA PACIFIC REGION<br />

Boeing<br />

Australia 1 (3%) India 1 (3%)<br />

Thailand 2 (6%)<br />

Japan 1 (3%)<br />

Taiwan 1 (3%)<br />

Singapore 2 (6%)<br />

Malaysia 2 (6%)<br />

Indonesia 2 (6%)<br />

23+17+18+6+6+6+6+6+3+3+3+3+G<br />

33<br />

China 8 (23%)<br />

Hong Kong 6 (18%)<br />

Brunei 2 (6%)<br />

South Korea 5 (15%)<br />

8<br />

6 5<br />

2 2 2 2 2 1 1 1 1<br />

China<br />

Hong Kong<br />

South Korea<br />

Brunei<br />

Indonesia<br />

Malaysia<br />

Singapore<br />

Thailand<br />

Australia<br />

India<br />

Japan<br />

Taiwan<br />

Total<br />

Change<br />

from<br />

2014<br />

B727-100 1 1 2<br />

B737-400 1 1<br />

B747-400 1 1<br />

B757-200 1 1<br />

B767-200ER 1 1<br />

BBJ 7 5 5 1 1 1 1 1 22 +2<br />

BBJ2 1 1 1 1 1 5<br />

Total 8 6 5 2 2 2 2 2 1 1 1 1 33<br />

Change from 2014 +3 +1 -1 -1 -1 +1*<br />

* includes one B737-200 ADVANCED which left Malaysia<br />

28<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Bombardier<br />

Japan 5 (2%)<br />

Taiwan 6 (2%)<br />

Philippines 10 (3%)<br />

Indonesia 13 (4%)<br />

Malaysia 15 (5%)<br />

Singapore 29 (9%)<br />

24+20+16+12+9+4+4+4+2+2+1+1+1+G<br />

306<br />

Macau 4 (1%)<br />

South Korea 3 (1%)<br />

Others 3 (1%)<br />

China 75 (24%)<br />

India 31 (10%) Australia 64 (21%)<br />

75<br />

64<br />

48<br />

31<br />

Hong Kong 48 (16%)<br />

29<br />

15 13 10<br />

6<br />

5 4<br />

3<br />

1<br />

1<br />

1<br />

China<br />

Australia<br />

Hong Kong<br />

India<br />

Singapore<br />

Malaysia<br />

Indonesia<br />

Philippines<br />

Taiwan<br />

Japan<br />

Macau<br />

South Korea<br />

Myanmar<br />

New Zealand<br />

Thailand<br />

Total<br />

Change<br />

from<br />

2014<br />

Challenger 300/350 5 2 6 3 1 1 18 +1<br />

Challenger 600/601 4 1 1 1 7<br />

Challenger 604 2 13 3 4 2 24 +4<br />

Challenger 605 13 9 3 7 2 1 1 1 2 39 +5<br />

Challenger 800/850 15 4 1 1 1 22 +2<br />

Challenger 870 12 12 +1<br />

CRJ100/200/VIP 7 1 1 1 10<br />

Global 5000 3 12 5 6 3 3 1 33 +4<br />

Global 6000 7 4 11 3 5 1 1 1 2 35 +13<br />

Global Express 2 8 3 1 1 2 1 18 -1<br />

Global Express XRS 1 13 3 2 2 2 1 2 2 1 1 30 +1<br />

Learjet 40 1 1<br />

Learjet 75 1 1 +1<br />

Learjet 24/B/D/E/25B 1 2 1 4<br />

Learjet 31/A 1 3 2 1 7 +2<br />

Learjet 35/A/36/A 5 15 2 2 1 25<br />

Learjet 45/XR 4 2 1 7<br />

Learjet 60/XR 3 1 1 3 3 2 13<br />

Total 75 64 48 31 29 15 13 10 6 5 4 3 1 1 1 306<br />

Change from 2014 -1 +10 +10 +4 +5 +4 -1 +2 +1 -1 +33<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 29


ASIA PACIFIC REGION<br />

Cessna<br />

Indonesia 4 (2%)<br />

New Zealand 6 (3%)<br />

Thailand 8 (3%)<br />

South Korea 8 (4%)<br />

Malaysia 9 (4%)<br />

Japan 26 (12%)<br />

India 32 (14%)<br />

33+17+14+12+5+4+4+4+3+2+2+G<br />

China<br />

Others 4 (2%)<br />

Philippines 11 (5%) Australia 73 (33%)<br />

220<br />

39 (18%)<br />

73<br />

39<br />

32<br />

26<br />

11 9 8 8<br />

6<br />

4<br />

2<br />

1 1<br />

Australia<br />

China<br />

India<br />

Japan<br />

Philippines<br />

Malaysia<br />

South Korea<br />

Thailand<br />

New Zealand<br />

Indonesia<br />

Papua New<br />

Guinea<br />

New Caledonia<br />

Singapore<br />

Total<br />

Change<br />

from<br />

2014<br />

Citation CJ3 3 1 1 5<br />

Citation CJ4 3 1 1 1 1 7 +3<br />

Citation Mustang 9 4 1 3 1 2 4 24 +1<br />

Citation Encore/+ 2 2 4<br />

Citation Sovereign/+ 5 4 3 2 4 18 -2<br />

Citation X/+ 2 1 2 1 6<br />

Citation 500/I/SP 9 1 1 1 12 +2<br />

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

Citation CJ2/+ 3 11 7 21 -1<br />

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

Citation III/VI/VII 5 1 1 1 1 1 10<br />

Citation Ultra/V 4 1 4 1 4 14<br />

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

Total 73 39 32 26 11 9 8 8 6 4 2 1 1 220<br />

Change from 2014 +2 +3 +1 +1 +1 +3 -2 +8*<br />

* includes one aircraft which left Hong Kong<br />

30<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Dassault<br />

Indonesia 2 (2%)<br />

Bangladesh 2 (2%)<br />

Japan 2 (2%)<br />

Thailand 3 (3%)<br />

Philippines 4 (5%)<br />

Malaysia 7 (8%)<br />

Hong Kong 7 (8%)<br />

37+21+9+8+8+5+3+2+2+2+1+1+1+G<br />

91<br />

New Zealand 1 (1%)<br />

Macau 1 (1%)<br />

Papua New Guinea 1 (1%)<br />

China 34 (37%)<br />

Australia 8 (9%)<br />

India 19 (21%)<br />

34<br />

19<br />

8 7 7<br />

4 3 2 2 2 1 1 1<br />

China<br />

India<br />

Australia<br />

Hong Kong<br />

Malaysia<br />

Philippines<br />

Thailand<br />

Bangladesh<br />

Indonesia<br />

Japan<br />

Macau<br />

New Zealand<br />

Papua New<br />

Guinea<br />

Falcon 10 1 1<br />

Falcon 2000S 1 1 2 +1<br />

Falcon 50 1 1 2<br />

Falcon 7X 26 2 2 4 1 1 36<br />

Falcon 900LX 4 2 1 7<br />

Falcon 2000/DX/EX EASy 11 1 1 13 +2<br />

Falcon 2000LX/LXS 2 3 1 2 1 2 1 1 13 +1<br />

Falcon 20D/F-5 2 2 4<br />

Falcon 900/C/DX 1 1 1 1 2 6<br />

Falcon 900EX/EASy 3 1 1 1 1 7 +1<br />

Total 34 19 8 7 7 4 3 2 2 2 1 1 1 91<br />

Change from 2014 +2 +2 +1 -1 +1 +1 +5*<br />

Total<br />

Change<br />

from<br />

2014<br />

* includes one aircraft which left Singapore<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 31


ASIA PACIFIC REGION<br />

Embraer<br />

29+25+19+10+7+4+3+2+1+G<br />

Macau 2 (3%) Malaysia 1 (2%)<br />

Hong Kong 3 (4%)<br />

Australia 5 (7%)<br />

Singapore 7 (10%)<br />

Indonesia 13 (19%)<br />

69<br />

Taiwan 1 (1%)<br />

China 20 (29%)<br />

India 17 (25%)<br />

20<br />

17<br />

13<br />

7<br />

5<br />

3 2 1 1<br />

China<br />

India<br />

Indonesia<br />

Singapore<br />

Australia<br />

Hong Kong<br />

Macau<br />

Malaysia<br />

Taiwan<br />

Legacy 500 1 1 +1<br />

Legacy 600 2 7 6 1 1 1 1 19<br />

Legacy 650 14 5 2 1 22 +1<br />

Lineage 1000 4 1 1 1 1 8 -1<br />

Phenom 100 1 6 1 3 1 12 +2<br />

Phenom 300 1 1 3 5<br />

ERJ135ER/LR 2 2<br />

Total 20 17 13 7 5 3 2 1 1 69<br />

Change from 2014 +2 +1 +1 +1 -1 +3*<br />

* includes one aircraft which left Vietnam<br />

Total<br />

Change<br />

from<br />

2014<br />

32<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Gulfstream<br />

Indonesia 7 (3%)<br />

Taiwan 8 (3%)<br />

Malaysia 8 (3%)<br />

Australia 9 (4%)<br />

Thailand 10 (4%)<br />

Phillippines 10 (4%)<br />

Japan 11 (4%)<br />

India 12 (5%)<br />

37+23+8+5+4+4+4+4+3+2+2+1+1+1+1+G<br />

264<br />

Cambodia 3 (1%)<br />

Macau 3 (1%)<br />

New Zealand 2 (1%)<br />

South Korea 2 (1%)<br />

Samoa 1<br />

China 98 (37%)<br />

Singapore 18 (8%) Hong Kong 62 (23%)<br />

98<br />

62<br />

18<br />

12 11 10<br />

10 9 8 8 7<br />

3 3 2 2 1<br />

China<br />

Hong Kong<br />

Singapore<br />

India<br />

Japan<br />

Philippines<br />

Thailand<br />

G100/G150 1 1 1 2 5<br />

Australia<br />

G200 10 6 2 4 2 4 2 1 1 1 33 -1<br />

G280 4 1 2 7 +3<br />

G300/G350 1 1 2 +1<br />

G450 40 16 6 3 1 2 2 1 1 72 +6<br />

G500 1 1<br />

G550 41 26 5 3 1 1 3 2 1 3 2 1 2 2 1 94 +4<br />

G650 9 5 1 1 2 18 +6<br />

G650ER 2 1 3 +2<br />

G-II 1 1 -1<br />

G-III 1 1 -1<br />

G-V 1 1 1 1 2 2 1 9 -2<br />

G-IV/IV-SP 2 2 2 2 2 4 3 1 18 -3<br />

Total 98 62 18 12 11 10 10 9 8 8 7 3 3 2 2 1 264<br />

Change from 2014 +1 +9 -1 +1 +3 -1 -2 +3 +1 +14<br />

Malaysia<br />

Taiwan<br />

Indonesia<br />

Cambodia<br />

Macau<br />

New Zealand<br />

South Korea<br />

Samoa<br />

Total<br />

Change<br />

from<br />

2014<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 33


ASIA PACIFIC REGION<br />

Hawker<br />

Bangladesh 1 (1%)<br />

Hong Kong 2 (2%)<br />

Taiwan 3 (3%)<br />

Singapore 3 (3%)<br />

Japan 3 (3%)<br />

Thailand 7 (7%)<br />

Philippines 9 (9%)<br />

Indonesia 10 (10%)<br />

32+15+12+10+9+7+3+3+3+2+1+1+1+1+G<br />

98<br />

Macau 1 (1%)<br />

Malaysia 1 (1%)<br />

South Korea 1 (1%)<br />

India 31 (32%)<br />

31<br />

Australia 14 (15%)<br />

China 12 (12%)<br />

14<br />

12<br />

10 9<br />

7<br />

3<br />

3 3 2<br />

1<br />

1 1<br />

1<br />

India<br />

Australia<br />

China<br />

Indonesia<br />

Philippines<br />

Thailand<br />

Japan<br />

Singapore<br />

Taiwan<br />

Hong Kong<br />

Bangladesh<br />

Macau<br />

Malaysia<br />

South Korea<br />

Hawker 4000 2 1 1 4<br />

Hawker 400XP 1 1 2 2 6<br />

Hawker 900XP 7 2 2 5 16 -2<br />

Hawker 400/A/B/Diamond I 2 2 1 2 2 2 1 12<br />

Hawker 1000A/B 1 1 2 -1<br />

Hawker 700A/B/750 2 5 1 8<br />

Hawker 800A/B/<br />

850XP/XPI/125-1A<br />

11 6 8 1 3 4 1 1 2 1 38 -2<br />

Premier I/IA 6 2 2 1 1 12<br />

Total 31 14 12 10 9 7 3 3 3 2 1 1 1 1 98<br />

Change from 2014 -1 -2 -2 +1 -1 -5<br />

Total<br />

Change<br />

from<br />

2014<br />

34<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 35


Taj Air Metrojet Aviation (TAMA)<br />

Prashant Bhushan,<br />

CEO<br />

TAMA provides maintenance, repair and overhaul (MRO)<br />

services for business jets based in India. It is a joint venture<br />

between Taj Air, an executive charter service in India which<br />

is part of the publicly-listed multinational conglomerate TATA<br />

Group, and Metrojet, a business jet operator in Asia which is<br />

part of the Kadoorie group. The joint venture brings together<br />

nearly 40 years of combined business jet and aviation<br />

maintenance expertise into a single company, committed to<br />

providing unparalleled service to customers.<br />

TAMA is a fully certified CAR 145 maintenance repair station<br />

with approvals from the DGCA in India to maintain the Falcon<br />

2000, Falcon 2000EX, P.180 Avanti II, Gulfstream G550,<br />

G200, and Hawker (700/800/900) business jets. TAMA is an<br />

Authorized Service Center for Dassault Falcon for the Falcon<br />

2000 and 2000EX and manages the largest fleet of Dassault<br />

Falcon business jets in India. TAMA can carry out maintenance<br />

on Falcon 2000 aircraft fitted with CFE738-1-1B engines,<br />

Falcon 2000EX EASy aircraft fitted with Pratt & Whitney 308C<br />

engines and Piaggio P180 Avanti II aircraft fitted with P&W<br />

PT6A-66B engines.<br />

TAMA currently operates out of a state-of-the-art hangar in<br />

Mumbai and also provides line maintenance at other key<br />

locations in India such as Kolkata, Chennai and Delhi. With a<br />

team of over 30 highly experienced and skilled maintenance<br />

professionals, combined with top quality infrastructural support<br />

and an extensive spare parts inventory, TAMA is ready to provide<br />

immediate maintenance support around the clock to Asia’s high<br />

flyers.<br />

TAMA manages most of the India-registered Falcon 2000 and<br />

Falcon 2000EX EASy aircraft in the country. Besides its affiliate<br />

Taj Air, its customers include top corporate business entities in<br />

India and other discerning private customers.<br />

The scope of services offered by the company include:<br />

• Line & Base maintenance<br />

• Avionics line maintenance<br />

• Interior & exterior cleaning<br />

• Tyre change and maintenance on aircraft wheels<br />

• Maintenance of Ni-Cd batteries installed in aircraft<br />

• CVR and DFDR readout<br />

• AD, SB & Modification Compliance<br />

Prashant Bhushan is the CEO of Taj Air Metrojet Aviation,<br />

having taken over the reins in <strong>2015</strong>. A general management<br />

professional with the TATA Group, Prashant is one of the few<br />

young professionals to have moved laterally into this sector<br />

after a decade in telecommunications with the TATA Group and<br />

with experience in several general management roles in both<br />

retail and enterprise business.<br />

36<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


What has been your experience of the Indian General<br />

Aviation market?<br />

In the last 12 months, I have traveled extensively and had the<br />

opportunity to interact with most of the major OEMs. Over the<br />

last few years, it seems that most OEMs have seen India as a<br />

potential long-term market, but are fraught with caution given<br />

the need to create adequate infrastructure in order to realize<br />

the suppressed demand clearly present in the country. It is<br />

important for this perception to change for the better and the onground<br />

investments in airports & supporting ecosystems such as<br />

MRO will be the key to translating this promise into reality.<br />

India has one of the youngest and fastest-growing wealthy<br />

populations in the world. A recent report states billionaires in<br />

India grew 333% in the last 10 years, compared to the global<br />

average of 68%. This suggests that India is a strong and highpotential<br />

market for business jets but the question in people’s<br />

mind is about whether the infrastructure will enable some of this<br />

“suppressed demand” to manifest itself adequately or not.<br />

What do you see as some of the unique challenges or<br />

features of the General Aviation market in India?<br />

I see the same unique characteristic exhibited in India in General<br />

Aviation as I experienced for a decade in my previous industry<br />

(telecommunications): an extreme attentiveness to the pricefor-value<br />

equation. Indian owners (not just individuals, but also<br />

corporate clients) are extremely careful about money spent, even<br />

on an item such as a $20-$50M business jet. It is the DNA that<br />

is embedded in the Indian psyche, in that of its people, to not<br />

be profligate. Hence there is a compelling need to translate the<br />

promise of a brand or of great quality, into a clear and tangible<br />

value proposition for customers here. I think that also presents<br />

a great opportunity for an MRO like us, an upcoming challenger<br />

in the Indian market, to build a MRO of high quality & global<br />

standards, yet with a strong price-to-value offering. In our minds,<br />

high quality and efficient costs are not tradeoffs. One could<br />

lead to the other with the right attention to processes, quality<br />

standards, and through satisfied and motivated employees.<br />

The fleet fragmentation in India is also quite unique. In most<br />

markets, the top 10 types of jets make up 50-60% of the volume.<br />

In India, which has a total market of about 150 business jets,<br />

there are 50-60 different types of aircraft, with several aircraft<br />

types being just one or 2-3 of each type. This puts immense<br />

pressure on creating an associated ecosystem, whether it’s<br />

the outfitting of the internal team to manage operations, MRO,<br />

pilots, or even the regulator (who too has to invest in managing<br />

and understanding these multitude of aircraft types with limited<br />

resources).<br />

We also need to keep in mind that the high growth in domestic<br />

commercial passenger traffic in India is among the highest<br />

in the world. As per the DGCA, Indian airlines flew 81 million<br />

passengers in <strong>2015</strong>, a 23% increase over 2014 (67.4 million).<br />

This growth is putting immense pressure on the available airport<br />

infrastructure in the country and it is a reality that General<br />

Aviation has to compete for this with commercial aviation. I think<br />

the airport authorities have done a great job, keeping pace with<br />

this growth so far, despite there being areas where they face<br />

criticism. Airports in Delhi, Mumbai, Bengaluru and Hyderabad<br />

are all world-class in terms of passenger amenities. What is<br />

missing perhaps is the scale to allow for creating the all-important<br />

ecosystem for MROs by way of earmarking specific space for<br />

hangars, parking bays, MRO back shops, warehouses, etc.<br />

How do you think the Government is responding to manage<br />

the demand on Aviation infrastructure in India?<br />

The Ministry of Civil Aviation (MoCA) is trying to implement clear<br />

steps to manage the growth of aviation. For the MRO industry<br />

in particular, there is a realization that most of the opportunity<br />

(estd 90%) of MRO on Indian aircraft is being lost offshore, both<br />

because of the high-quality and OEM-approved status of MROs<br />

outside India and the lack of infrastructure and high-capability<br />

MROs in the country. The issue is a dilemma because currently<br />

certain tax norms and customs duties are stacked against Indian<br />

MROs. But at the same time if no Indian MRO invests in creating<br />

significant capability, it may give the government little confidence<br />

to reduce existing taxes and duties.<br />

The recently released draft civil aviation policy (tabled in Oct<br />

<strong>2015</strong>) identified the need to correct long-pending issues such<br />

as the waiver of customs duty on toolkits, spares, equipment;<br />

exemption of service tax; and the reduction of royalties on MRO.<br />

Some of these have been ratified in the recently released Union<br />

Budget. Others, we hope, would follow in due course.<br />

What is the potential for the MRO industry in India?<br />

The total industry size is about $800 M at the moment and is<br />

expected to increase to $2B in 2020. Naturally 90% of this is<br />

commercial MRO, given the huge expectation for fleet growth (from<br />

currently 400 commercial aircraft to 1000). Today around 90%<br />

of this is ‘exported’ out of the country. The short-term opportunity<br />

for Indian MROs is to retain a significant portion of this business<br />

in the country, but that would mean investment in capability to<br />

at least match that of neighboring MROs such as in Dubai &<br />

Singapore. In the long-term I believe that India can, and should,<br />

capitalize on two significant advantages – its geographical<br />

positioning within Asia-Pacific; and perhaps more importantly, its<br />

young, trainable workforce which can deliver quality efficiently.<br />

What do you see as the short-term strategy for MROs such<br />

as your organization?<br />

I would hesitate to say there is a short-term strategy that is<br />

different from the long-term, since the aviation business overall<br />

is a capital-intensive, long-cycle industry. I would say the path is<br />

the same – build stellar quality and infrastructure, while investing<br />

judiciously and in a phased manner; invest in people, systems<br />

and processes; and keep customer service and satisfaction at<br />

the heart of it all.<br />

Above all, I believe that the Indian MRO industry must first<br />

collaborate, then compete given the small size of the available<br />

market today. Poaching (clients, employees) from each other will<br />

only lead to a race to the bottom. We must first help to generate<br />

enough confidence in potential buyers so as to make incremental<br />

aircraft purchases, then we can compete once the pie grows!<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 37


Aircraft Operation Highlights – India<br />

Landing and Overflight Permit<br />

Landing permit lead time: 3 business days, or 1 business day for<br />

overflight & refueling stops.<br />

Permits provided 24-48 hours in advance and valid for 48 hours and only<br />

2 revisions are allowed.<br />

At military airports:<br />

- Permits require 15-20 bus. days lead time, valid +/- 2 hours<br />

- Requires each passenger & crew’s address and father’s name<br />

- Security clearance valid for 1 hour<br />

- Approach Plates not public – ATC will assist on approach<br />

Additional document for international departures can take 3 hours to<br />

complete<br />

DGCA opens from 10:00-18:00 local Monday-Friday (no holidays) and<br />

does not issue permits after 16:00. Representative must visit, pilot in<br />

command must sign in person.<br />

Permits for aircraft from China, Afghanistan, Pakistan or Somalia: lead<br />

time of 7 business days for landing permits and 3 business days for<br />

overflight permits.<br />

Valid vaccination certificate needed for passengers/crew from a country<br />

endemic for yellow fever.<br />

Airport Parking & Amenities<br />

Most airports in India not operated 24/7<br />

Larger airport of entry requires airport slots<br />

Only 2 FBOs in India: New Delhi and Mumbai<br />

Slots can be requested via either email or fax and will be known<br />

within 12 hours<br />

Aircraft doors are sealed once parked and early access require<br />

a letter and many hours of delay<br />

Airport Restrictions<br />

Mumbai (BOM / VABB):<br />

• Most challenging airport in India<br />

• GA cannot operate between 08:00-10:00, 17:30-19:30 &<br />

21:15-23:15<br />

• 72-hour GA parking limitation<br />

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

• Pilot in command and handler need go physically confirm a flight<br />

Srinagar<br />

Amritsar<br />

Chandigarh<br />

Delhi<br />

Agra<br />

Udaipur<br />

Varanasi<br />

Ahmedabad<br />

Kolkata<br />

Nagpur<br />

Mumbai<br />

Pune<br />

Hyderabad<br />

Vishakhapatnam<br />

Goa<br />

Bangalore Chennai<br />

Guwahati<br />

Port Blair<br />

Chandigarh (IXC / VICG) & Goa (GOI / VAGO):<br />

• Parking limitations – should be confirmed in advance<br />

• Military airport with limited GSE availability<br />

Port Blair (IXZ / VOPB):<br />

• No Chinese national is permitted unless<br />

special clearance<br />

• Military airport with limited GSE Availability<br />

Bangalore (BLR / VOBL) & Delhi (DEL / VIDP) :<br />

• Requires Slots to confirm parking<br />

General Aviation Operations<br />

Foreign-registered aircraft can only remain in India a maximum of<br />

14 days.<br />

Private flights can have no more than 14 passengers, special clearance<br />

needed if more than 14 pax for charters. ATC checks pax count to issue<br />

flight plan.<br />

In Indian airspace, aircraft must be RVSM compliant and equipped with<br />

TCAS II.<br />

Indian-registered aircraft and spare parts are subject to 12.5 VAT +<br />

18.5% duty (if private) or +3% duty (if charter).<br />

*information provided by Nexus Aviation<br />

38<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> GROWTH BY OEM, SIZE & COUNTRY<br />

The Asia Pacific region grew a net* 6.2% in <strong>2015</strong> with the addition of 66 aircraft.<br />

Even though New Zealand had the highest growth rate (50%), surprisingly Hong Kong was the territory<br />

which added the most net aircraft (16 aircraft) throughout the region. So despite all the operational<br />

challenges in operating to and from HK International Airport, the appeal of Hong Kong as a business<br />

jet base remains strong.<br />

China, the largest business jet market in the Asia Pacific region, continued its slowdown from a high<br />

in 2012 to growth of just 4% in <strong>2015</strong>. In contrast, the 2nd biggest market in the Asia Pacific region<br />

– Australia – experienced a healthy growth of 7%, and the 4th largest – Hong Kong – 14% growth.<br />

The smaller markets of Indonesia, the Philippines and Japan all added additional aircraft and in<br />

doing so, all experienced double digit growth. Notably, markets which performed poorly in <strong>2015</strong> were<br />

Malaysia and Macau, both of which actually contracted, and South Korea, Thailand and Singapore<br />

which all remained stagnant registering no growth at all.<br />

The best performing OEM in <strong>2015</strong> in the Asia Pacific region by growth rate was Airbus with a 21%<br />

increase of its fleet. However, in regards to the most net aircraft added, this honour goes to Bombardier<br />

with 33 additional aircraft in total, thus achieving an impressive growth rate of 12%. Gulfstream was<br />

second with 14 net aircraft added and a corresponding growth rate of 6%. Hawker was the only OEM<br />

which saw its Asia Pacific region fleet contract, which it did by 5% in <strong>2015</strong>. All other OEM’s fleets grew<br />

from 3% to 6%.<br />

Honours also go to Bombardier for the most popular aircraft model added to the region, which was the<br />

Global 6000 with 13 more aircraft added throughout <strong>2015</strong>, for an impressive model fleet growth of<br />

59%. The second highest growth was for the G650/650ER from Gulfstream with 8 additional aircraft<br />

added in total for a remarkable +62%.<br />

Given the growing popularity of the G6000 and G650, it’s not too surprising that the Asia Pacific<br />

region size category growing the fastest in <strong>2015</strong> was the ‘long-range’ category with 11% (+27) more<br />

aircraft. The ‘large’ category fleet also performed well with growth of +7% in <strong>2015</strong> - a net addition of<br />

17 aircraft, generally either Challengers or G450s.<br />

The only size category where the fleet contracted in <strong>2015</strong> was the ‘medium’ category – a drop of 2%<br />

– and this was despite some strong growth in the Asia Pacific region for the G280.<br />

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

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 39


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> Breakdown – Asia Pacific Region<br />

Net <strong>Fleet</strong> Growth by Major OEM<br />

+12%<br />

2014 <strong>2015</strong><br />

306<br />

+6%<br />

273<br />

264<br />

250<br />

+4%<br />

212 220<br />

-5%<br />

+6%<br />

103 98<br />

86 91<br />

+5%<br />

66 69<br />

+21% +3%<br />

28 34<br />

32 33<br />

Bombardier<br />

Gulfstream<br />

Cessna<br />

Hawker<br />

Dassault<br />

Embraer<br />

Airbus<br />

Boeing<br />

Net <strong>Fleet</strong> Growth by Size Category<br />

+11%<br />

+7%<br />

250<br />

277<br />

253<br />

236<br />

-2%<br />

+6%<br />

220<br />

207<br />

+8%<br />

178 175<br />

114 123<br />

+4%<br />

83 86<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

40<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Corp. Airliner<br />

Largest<br />

<strong>Fleet</strong><br />

Additions<br />

2014 <strong>2015</strong><br />

+4<br />

20 22<br />

20 22<br />

14<br />

18<br />

11 12<br />

10 10<br />

7 8<br />

9 8<br />

5 5<br />

3 3<br />

2 3<br />

BBJ<br />

Challenger<br />

800/850<br />

ACJ319<br />

Challenger<br />

870<br />

CRJ100/<br />

200/VIP<br />

ACJ318<br />

Lineage<br />

1000<br />

BBJ2<br />

A319ER<br />

ACJ320<br />

2 2 2 2<br />

1 1<br />

1 1<br />

1 1<br />

1 1<br />

1 1<br />

1 1<br />

1 1 1 1 1<br />

ERJ<br />

135ER/LR<br />

727-100<br />

737-400<br />

747-400<br />

757-400<br />

767-200ER<br />

A340-200<br />

ACJ330<br />

BAE 146<br />

Dornier<br />

328 JET<br />

737-200<br />

ADVANCED<br />

Long Range<br />

90<br />

94<br />

Largest<br />

<strong>Fleet</strong><br />

Additions<br />

+13<br />

36 36<br />

35<br />

29<br />

33<br />

29 30<br />

22<br />

18<br />

19 18<br />

12<br />

11 9<br />

1<br />

3<br />

1 1<br />

Gulfstream<br />

G550<br />

Falcon 7X<br />

Global<br />

6000<br />

Global<br />

5000<br />

Global<br />

Express<br />

XRS<br />

Gulfstream<br />

G650<br />

Global<br />

Express<br />

Gulfstream<br />

V<br />

Gulfstream<br />

G650ER<br />

Gulfstream<br />

G500<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 41


ASIA PACIFIC REGION<br />

Large<br />

+6<br />

66<br />

72<br />

Largest<br />

<strong>Fleet</strong><br />

Additions<br />

2014 <strong>2015</strong><br />

34<br />

39<br />

20<br />

24<br />

21 22<br />

19 19<br />

21<br />

18<br />

11 13<br />

12 13<br />

Gulfstream<br />

G450<br />

Challenger<br />

605<br />

Challenger<br />

604<br />

Legacy<br />

650<br />

Legacy<br />

600<br />

Gulfstream<br />

IV/<br />

IV-SP<br />

Falcon<br />

2000/DX/<br />

EX EASy<br />

Falcon<br />

2000LX/<br />

LXS<br />

7 7<br />

6 7<br />

7 7<br />

6 6<br />

1 2<br />

1 2<br />

2 1<br />

2 1<br />

Medium<br />

Challenger<br />

600/601<br />

Falcon<br />

900EX/<br />

EASy<br />

Falcon<br />

900LX<br />

Falcon<br />

900/C/DX<br />

Falcon<br />

2000S<br />

Gulfstream<br />

G300/G350<br />

Gulfstream<br />

II<br />

Gulfstream<br />

III<br />

40 38<br />

34 33<br />

17 18<br />

20 18<br />

18 16<br />

13 13<br />

8 8<br />

Highest<br />

Growth<br />

Hawker 800A/<br />

B/850XP/XPI<br />

/125-1A<br />

Gulfstream<br />

G200<br />

Challenger<br />

300/350<br />

Citation<br />

Sovereign<br />

/+<br />

Hawker<br />

900XP<br />

Learjet 60/<br />

XR<br />

Hawker<br />

700A/B/<br />

750<br />

+75%<br />

7 6 6<br />

4 5 5 4 4<br />

4 4<br />

2 2<br />

3 2 1<br />

Gulfstream<br />

G280<br />

Citation<br />

X/+<br />

Gulfstream<br />

G100/<br />

G150<br />

Falcon<br />

20D/ F-5<br />

Hawker<br />

4000<br />

Falcon 50<br />

Hawker<br />

1000A/B<br />

Legacy 500<br />

42<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Light<br />

Largest<br />

<strong>Fleet</strong><br />

Additions<br />

ASIA PACIFIC REGION<br />

+3<br />

35<br />

38<br />

2014 <strong>2015</strong><br />

27<br />

29<br />

25<br />

25<br />

22<br />

21<br />

14<br />

14<br />

10<br />

12<br />

12<br />

12<br />

Citation S/<br />

II/Bravo/<br />

II/SP<br />

Citation<br />

Excel/<br />

XLS/ +<br />

Learjet 35/<br />

A/36/A<br />

Citation<br />

CJ2/+<br />

Largest<br />

<strong>Fleet</strong><br />

Additions<br />

Citation<br />

Ultra/V<br />

Citation<br />

500/I/SP<br />

Hawker<br />

400A/B/<br />

Diamond I<br />

12<br />

12<br />

10<br />

10<br />

7<br />

7<br />

+3<br />

4<br />

7<br />

5<br />

7<br />

6<br />

6<br />

5<br />

5<br />

Westwind<br />

1/2<br />

Citation<br />

III/V/VII<br />

Learjet 45/<br />

XR<br />

Citation<br />

CJ4<br />

Learjet<br />

31/A<br />

Hawker<br />

400XP<br />

Citation<br />

CJ3<br />

5<br />

5<br />

4<br />

4<br />

1<br />

2<br />

1<br />

1<br />

1<br />

1<br />

1<br />

1<br />

1<br />

Phenom<br />

300<br />

Citation<br />

Encore/+<br />

Nextant<br />

400XT/XTi<br />

Falcon 10<br />

Learjet 40<br />

Learjet 75<br />

Sabreliner<br />

65<br />

Very Light<br />

32 32<br />

Highest<br />

Growth<br />

23 24<br />

+20%<br />

10 12<br />

12 12<br />

4 4<br />

2 2<br />

Citation<br />

525/<br />

CJ1/+/M2<br />

Citation<br />

Mustang<br />

Phenom<br />

100<br />

Premier<br />

I/IA<br />

Learjet<br />

24/B/D/E/<br />

25B<br />

EA500<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 43


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> Breadown by Country<br />

Japan<br />

by Major OEM<br />

+13%<br />

2014 <strong>2015</strong><br />

23<br />

26<br />

10<br />

11<br />

4<br />

5<br />

3<br />

3<br />

2<br />

2<br />

1<br />

1<br />

1<br />

1<br />

Cessna<br />

Gulfstream<br />

Bombardier<br />

Hawker<br />

Dassault<br />

Airbus<br />

Boeing<br />

by Size Category<br />

+18%<br />

2<br />

2<br />

+20%<br />

10<br />

12<br />

5<br />

5<br />

4<br />

4<br />

17<br />

20<br />

6<br />

6<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

South Korea<br />

by Major OEM<br />

7<br />

8<br />

6<br />

5<br />

3<br />

3<br />

2<br />

2<br />

1<br />

1<br />

1<br />

1<br />

Cessna<br />

Boeing<br />

Bombardier<br />

Gulfstream<br />

Hawker<br />

Airbus<br />

by Size Category<br />

7<br />

6<br />

4<br />

4<br />

1<br />

1<br />

1<br />

1<br />

4<br />

5<br />

3<br />

3<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

44<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Thailand<br />

by Major OEM<br />

2014 <strong>2015</strong><br />

11<br />

10<br />

8<br />

8<br />

7<br />

7<br />

2<br />

3<br />

2<br />

2<br />

2<br />

2<br />

1<br />

1<br />

Gulfstream<br />

Cessna<br />

Hawker<br />

Dassault<br />

Airbus<br />

Boeing<br />

Bombardier<br />

by Size Category<br />

4<br />

4<br />

8<br />

7<br />

2<br />

3<br />

10<br />

10<br />

6<br />

6<br />

3<br />

3<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

Philippines<br />

by Major OEM<br />

+43%<br />

10<br />

11<br />

11<br />

10<br />

7<br />

10<br />

9<br />

9<br />

3<br />

4<br />

1<br />

Cessna<br />

Bombardier<br />

Gulfstream<br />

Hawker<br />

Dassault<br />

Airbus<br />

by Size Category<br />

2<br />

3<br />

3<br />

2<br />

+43%<br />

7<br />

10<br />

13<br />

14<br />

15<br />

16<br />

4<br />

4<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 45


ASIA PACIFIC REGION<br />

Malaysia<br />

by Major OEM<br />

15<br />

15<br />

-20%<br />

2014 <strong>2015</strong><br />

8<br />

9<br />

10<br />

8<br />

7<br />

7<br />

3<br />

2<br />

1<br />

2<br />

2 1 1 1<br />

Bombardier<br />

Cessna<br />

Gulfstream<br />

Dassault<br />

Boeing<br />

Airbus<br />

Hawker<br />

Embraer<br />

by Size Category<br />

4<br />

4<br />

+29%<br />

7<br />

9<br />

-27%<br />

15<br />

11<br />

14<br />

13<br />

7<br />

7<br />

1<br />

2<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

Singapore<br />

by Major OEM<br />

+21%<br />

29<br />

24<br />

19<br />

18<br />

6<br />

7<br />

-40%<br />

5<br />

3<br />

-67%<br />

3 2 3<br />

1<br />

1<br />

1<br />

Bombardier<br />

Gulfstream<br />

Embraer<br />

Hawker<br />

Boeing<br />

Cessna<br />

Airbus<br />

Dassault<br />

by Size Category<br />

3<br />

3<br />

+13%<br />

15<br />

17<br />

+10%<br />

20<br />

22<br />

14<br />

-21%<br />

11<br />

8<br />

7<br />

3<br />

3<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

46<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Indonesia<br />

by Major OEM<br />

ASIA PACIFIC REGION<br />

+44%<br />

2014 <strong>2015</strong><br />

13<br />

13<br />

9<br />

13<br />

8<br />

10<br />

10<br />

+75%<br />

4<br />

7<br />

4<br />

4<br />

2 2 2 2<br />

Embraer<br />

Bombardier<br />

Hawker<br />

Gulfstream<br />

Cessna<br />

Dassault<br />

Boeing<br />

by Size Category<br />

+125%<br />

17<br />

18<br />

4<br />

4<br />

4<br />

9<br />

7<br />

7<br />

11<br />

12<br />

2<br />

2<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 47


GREATER CHINA<br />

GREATER CHINA OVERVIEW<br />

Greater China (China, Hong Kong, Macau and Taiwan) is the largest business jet market in the Asia<br />

Pacific region. It therefore warrants its own special section and analysis. It is also the market that<br />

<strong>ASG</strong> has followed the longest – since 2012.<br />

In <strong>2015</strong>, Greater China only added 29 net aircraft – 39 new deliveries, 28 pre-owned deliveries but<br />

38 aircraft also left the region. This total of 29 is down 50% versus 2014. The pre-owned additions &<br />

deductions have only marginally changed versus 2014 (up 8% and 9% respectively). So <strong>2015</strong>’s poor<br />

performance is strictly due to a decline in new aircraft deliveries which were 28 fewer than in 2014,<br />

a drop of 42%.<br />

New aircraft deliveries peaked in 2014 with an addition of 67 new aircraft. Given that new deliveries<br />

are a consequence of OEM orders placed years before, these deliveries were probably the result of<br />

orders placed before 2013 and prior to the implementation of certain PRC Government initiatives and<br />

policy actions which decreased the demand for new business jets. <strong>2015</strong>’s drop of 42% in new aircraft<br />

deliveries is therefore a worrying sign for 2016 and on, as it would seem to signify that the OEM sales<br />

funnel for Greater China has little backlog.<br />

Of the 29 additions, Hong Kong was responsible for 16 aircraft, China 11, Taiwan 3 and Macau’s fleet<br />

contracted by 1 aircraft.<br />

On a net basis in <strong>2015</strong>, the most popular aircraft addition in Greater China was the Global 6000 (+7<br />

aircraft) followed by the G650 (+6 aircraft).<br />

Looking just at new aircraft deliveries, Gulfstream was the OEM who delivered the most aircraft into<br />

Greater China in <strong>2015</strong> (+15 aircraft), and the top 4 aircraft models delivered were the Global 6000<br />

(+6), G650 (+5) and the Challenger 605 and G550 (+4 each). Deliveries of most other models were<br />

similar or down from 2014.<br />

For pre-owned additions, again Gulfstream had the most deliveries (10 aircraft) and the most popular<br />

types were the G450 (+6 aircraft) followed by the ACJ319 (+3 aircraft).<br />

Gulfstream suffered the most deductions too in <strong>2015</strong> (-15 aircraft) with the prevalent models leaving<br />

the Asia Pacific region being the G550 (-5 aircraft), Global Express XRS (-4 aircraft), the G450 and<br />

G200 (both -3 aircraft each).<br />

Examining the operators in Greater China, those which saw significant gains in <strong>2015</strong> included BAA, <strong>Jet</strong><br />

Aviation, Sino<strong>Jet</strong> and Hong Kong <strong>Jet</strong>. Those that saw decreased results were Deer <strong>Jet</strong>, TAG Aviation<br />

and Metrojet (however it should be noted that Hong Kong jet is a division of Deer <strong>Jet</strong>, so considering<br />

the combined group’s results, Hong Kong <strong>Jet</strong>s’ gains functioned to minimise the impact of reduced<br />

mainland activity on Deer <strong>Jet</strong>’s fleet.<br />

48<br />

ASIA PACIFIC REIGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


GREATER CHINA<br />

Aircraft Additions and Deductions<br />

<strong>2015</strong><br />

29 Net Additions<br />

Additions<br />

39 New Deliveries 28 Pre-owned<br />

67<br />

-38<br />

Deductions<br />

Net Additions<br />

29<br />

2014<br />

58 Net Additions<br />

Additions<br />

67 New Deliveries 26 Pre-owned<br />

93<br />

-35<br />

Deductions<br />

Net Additions<br />

58<br />

2013<br />

64 Net Additions<br />

Additions<br />

56 New Deliveries 50 Pre-owned<br />

106<br />

-42<br />

Deductions<br />

Net Additions<br />

64<br />

ASIA PACIFIC BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 49


GREATER CHINA<br />

Net Additions in <strong>2015</strong><br />

29 in total<br />

Airbus<br />

+3<br />

ACJ319<br />

ACJ318<br />

ACJ320<br />

ACJ330<br />

-1<br />

-1<br />

-1<br />

1 3<br />

1<br />

1<br />

Deductions (-38)<br />

New Deliveries (39)<br />

Pre-owned (28)<br />

Boeing<br />

+4<br />

BBJ<br />

-1<br />

3<br />

2<br />

Bombardier<br />

+10<br />

Global 6000<br />

Challenger 605<br />

Challenger 800/850<br />

Challenger 870<br />

Global 5000<br />

Global Express XRS<br />

Challenger 300/350<br />

-4<br />

-1<br />

-1<br />

-2<br />

-2<br />

1<br />

1<br />

2<br />

2<br />

1<br />

4<br />

2<br />

6<br />

1<br />

Cessna<br />

+1<br />

Citation Mustang<br />

Citation Excel/XLS/+<br />

Citation Sovereign/+<br />

-1<br />

1<br />

1<br />

Dassault<br />

+1<br />

Falcon 7X<br />

Falcon 2000LX/LXS<br />

Falcon 900LX<br />

-3<br />

-1<br />

1<br />

1<br />

1<br />

2<br />

Embraer<br />

+1<br />

Legacy 650<br />

Phenom 100<br />

Lineage 1000<br />

-1<br />

-1<br />

1<br />

2<br />

Gulfstream<br />

+10<br />

G450<br />

G650<br />

G550<br />

G280<br />

G650ER<br />

G200<br />

G-IV/IV-SP<br />

G-V<br />

-5<br />

-3<br />

-3<br />

-2<br />

-2<br />

2<br />

5<br />

4<br />

3<br />

1 1<br />

1<br />

1<br />

6<br />

1<br />

Hawker<br />

-1<br />

Hawker 800A/B/<br />

850XP/XPI/125-1A<br />

Hawker 900XP<br />

-1<br />

-1<br />

1<br />

50<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


New Deliveries by OEM<br />

GREATER CHINA<br />

25<br />

2013 2014 <strong>2015</strong><br />

19<br />

15<br />

16<br />

13<br />

10<br />

8 8<br />

3<br />

1 2 3<br />

14<br />

9<br />

2<br />

2 2 2<br />

2 5<br />

1<br />

Gulfstream<br />

Bombardier<br />

Embraer<br />

Boeing<br />

Dassault<br />

Airbus<br />

Cessna<br />

OEM MODEL 2013 2014 <strong>2015</strong><br />

ACJ318 1 1<br />

Airbus<br />

Boeing<br />

Bombardier<br />

Cessna<br />

Dassault<br />

Embraer<br />

Gulfstream<br />

ACJ319 1 1<br />

ACJ320 1<br />

ACJ330 1<br />

BBJ 1 3<br />

BBJ2 2<br />

Challenger 300/350 1 1<br />

Challenger 605 4 4<br />

Challenger 800/850 1 1<br />

Challenger 870 6 1<br />

Global 5000 1 3<br />

Global 6000 3 7 6<br />

Citation CJ1 1<br />

Citation Excel/XLS/+ 1<br />

Citation Mustang 2<br />

Citation Sovereign/+ 1<br />

Citation XLS/+ 3<br />

Falcon 2000 1 1<br />

Falcon 2000LX/LXS 1<br />

Falcon 7X 11 7 1<br />

Falcon 900LX 2 1<br />

Legacy 650 5 5 2<br />

Lineage 1000 2 3<br />

Phenom 100 1<br />

Phenom 300 1<br />

G280 4 3<br />

G450 13 8 2<br />

G550 5 11 4<br />

G650 1 2 5<br />

G650ER 1<br />

Total 56 67 39<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 51


GREATER CHINA<br />

Pre-owned Additions by OEM<br />

17<br />

19<br />

2013 2014 <strong>2015</strong><br />

9 10<br />

6 7<br />

2 2 2<br />

1 1<br />

1 4 3<br />

3<br />

4<br />

5<br />

1<br />

1<br />

Gulfstream<br />

Bombardier<br />

Boeing<br />

Embraer<br />

Dassault<br />

Airbus<br />

Cessna<br />

OEM MODEL 2013 2014 <strong>2015</strong><br />

ACJ318 1<br />

Airbus<br />

ACJ319 2 3<br />

ACJ320 1<br />

Boeing BBJ 2 2 2<br />

Challenger 604 3<br />

Challenger 605 3<br />

Challenger 800/850 5 1 2<br />

CRJ200VIP 1<br />

Bombardier Global 5000 3 1 2<br />

Global 6000 2 1 1<br />

Global Express 1 1<br />

Global Express XRS 2 1 2<br />

Learjet 60/XR 1<br />

Citation Mustang 1<br />

Citation Sovereign/+ 2 1<br />

Cessna Citation VI 1<br />

Citation X 1<br />

Citation XLS 1<br />

Falcon 2000LX 1<br />

Dassault Falcon 7X 1 2 2<br />

Falcon 900LX 1 1<br />

Embraer<br />

Gulfstream<br />

Hawker<br />

Legacy 600 1<br />

Lineage 1000 1<br />

G100 1<br />

G200 3 3 1<br />

G450 6 3 6<br />

G550 7 3 1<br />

G650 1<br />

G650ER 1<br />

Hawker 400/A/XP 1<br />

Hawker 4000 1<br />

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

Total 50 26 28<br />

52<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Deductions by OEM<br />

GREATER CHINA<br />

2013 2014 <strong>2015</strong><br />

15 15<br />

11<br />

11 10 10<br />

3 3 4<br />

1<br />

3<br />

1 2<br />

9<br />

4 2<br />

6<br />

3<br />

1<br />

1<br />

Gulfstream<br />

Bombardier<br />

Dassault<br />

Airbus<br />

Embraer<br />

Hawker<br />

Cessna<br />

Boeing<br />

OEM MODEL 2013 2014 <strong>2015</strong><br />

ACJ318 1<br />

Airbus<br />

ACJ319 1<br />

ACJ320 1<br />

ACJ330 1<br />

Boeing BBJ 1<br />

Challenger 300/350 1 2<br />

Challenger 601 2<br />

Challenger 605 4 2 1<br />

Challenger 800/850 1<br />

Bombardier<br />

CRJ200VIP 1<br />

Global Express 3 2<br />

Global Express XRS 2 4<br />

Global 5000 1 2<br />

Global 6000 1 1<br />

Learjet 60/XR 1<br />

Citation CJ3 1<br />

Cessna<br />

Citation XLS/+ 5<br />

Citation Sovereign/+ 1 1 1<br />

Citation VI/VII - 1<br />

Falcon 900LX 1<br />

Dassault<br />

Falcon 2000 3<br />

Falcon 2000LX 2<br />

Falcon 7X 1 3<br />

Embraer<br />

Legacy 650 1<br />

Lineage 1000 1 1<br />

G200 4 4 3<br />

G450 6 5 3<br />

Gulfstream G550 6 5<br />

G-IV/IV-SP 1 2<br />

G-V 2<br />

Hawker 750 4<br />

Hawker<br />

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

Hawker 900XP 2 1 1<br />

Hawker 4000 1 3<br />

Total 42 35 38<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 53


GREATER CHINA<br />

<strong>Fleet</strong> by Operator & Models<br />

Deer <strong>Jet</strong><br />

21 2020<br />

2013<br />

66<br />

2014<br />

68<br />

<strong>2015</strong><br />

59<br />

12 1314<br />

2 2 2<br />

1 1<br />

2 2 2<br />

1 1 1<br />

1<br />

1 1<br />

3 4 4<br />

1 1<br />

6 7 4<br />

4 4<br />

1<br />

3 3<br />

1<br />

2 1 1<br />

6 6 5<br />

3 2 1<br />

ACJ319<br />

ACJ320<br />

BBJ<br />

Challenger 605<br />

Global 6000<br />

Falcon 2000S<br />

Falcon 7X<br />

Falcon 900LX<br />

Gulfstream G200<br />

Gulfstream G450<br />

Gulfstream<br />

G550<br />

Gulfstream<br />

IV/IV-SP<br />

Gulfstream V<br />

Hawker<br />

4000<br />

Hawker 800A/B/<br />

XP/XPI/125-1A<br />

Hawker<br />

900XP<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

TAG Aviation<br />

2013<br />

25<br />

2014<br />

35<br />

<strong>2015</strong><br />

30<br />

1 1<br />

6 7 6<br />

7<br />

6<br />

4 4<br />

2 2<br />

1 1<br />

2 2 3<br />

4<br />

2<br />

3 3<br />

1 1 1 1 1 1 1 1 1 1 1 1 1 1<br />

1 1<br />

2 2<br />

1 1<br />

1<br />

ACJ319<br />

Challenger 604<br />

Challenger 605<br />

Challenger 800/850<br />

Global 5000<br />

Global 6000<br />

Global Express<br />

Global Express XRS<br />

Learjet 60/XR<br />

Legacy 650<br />

Lineage 1000<br />

Falcon 2000LX<br />

Falcon 7X<br />

Falcon 900LX<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

BAA<br />

2013<br />

40<br />

2014<br />

45<br />

<strong>2015</strong><br />

54<br />

2 1<br />

2<br />

11<br />

8<br />

4 4<br />

5<br />

3 3 3 3 4<br />

1 1 1<br />

2<br />

1 1 1 1 1 1<br />

2<br />

1 1 1<br />

3 2 2<br />

1 2<br />

5<br />

2 1<br />

2<br />

8 7<br />

8<br />

8 9 8<br />

2<br />

ACJ318<br />

ACJ319<br />

Challenger 605<br />

Challenger 800/850<br />

Global 6000<br />

Learjet 60/XR<br />

Citation 525/CJ1<br />

/+/M2<br />

Falcon 7X<br />

Falcon 900EX/EASy<br />

Falcon 900LX<br />

Lineage 1000<br />

Legacy 650<br />

Gulfstream<br />

G200<br />

Gulfstream G280<br />

Gulfstream G450<br />

Gulfstream G550<br />

Hawker 4000<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

54<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


GREATER CHINA<br />

<strong>Jet</strong> Aviation<br />

2013<br />

17<br />

2014<br />

21<br />

<strong>2015</strong><br />

29<br />

2 2<br />

1<br />

2 2 2<br />

3<br />

5 6 7 7 9<br />

1 1 1 1 1 1 1 1 1 1 1 1<br />

2<br />

1 3<br />

1<br />

Metrojet<br />

2013<br />

28<br />

2014<br />

31<br />

<strong>2015</strong><br />

26<br />

1313<br />

9<br />

1 1 1<br />

1<br />

2 1 1<br />

1 1<br />

1 2 1<br />

1 1<br />

1 1<br />

1 1<br />

1 2 3 4 5<br />

1 1 1 1 1 1 1 1 1<br />

2<br />

1 1 1 1<br />

BBJ<br />

Challenger 604<br />

Challenger 605<br />

Challenger 800/850<br />

Global 5000<br />

Global Express<br />

Global Express XRS<br />

Citation Sovereign/+<br />

Legacy 600<br />

Legacy 650<br />

Lineage 1000<br />

Gulfstream G200<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

Gulfstream G650ER<br />

Gulfstream V<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

Sino <strong>Jet</strong><br />

2013<br />

8<br />

2014<br />

10<br />

<strong>2015</strong><br />

18<br />

1 2<br />

1 1 1<br />

2 2 3 1 1 1 1 1 1<br />

2<br />

1 1<br />

2 2 3<br />

1 2 2 1<br />

BBJ<br />

Challenger 300/350<br />

Challenger 605<br />

Global 5000<br />

Global Express<br />

Falcon 900LX<br />

Legacy 650<br />

Gulfstream G200<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

<br />

<br />

<br />

<br />

<br />

<br />

Challenger 605<br />

Global 5000<br />

Global 6000<br />

Global Express<br />

Citation CJ3<br />

Falcon 7X<br />

Falcon 900LX<br />

Gulfstream G200<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

Gulfstream G650ER<br />

<br />

<br />

<br />

<br />

<br />

<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 55


GREATER CHINA<br />

Hongkong <strong>Jet</strong><br />

2013<br />

7<br />

2014<br />

12<br />

<strong>2015</strong><br />

17<br />

1 1 1<br />

2 2<br />

3<br />

1 1 3<br />

1 1 1<br />

1 1 2 1<br />

1 1 1 3 1<br />

2 2<br />

1 1<br />

ACJ318<br />

ACJ319<br />

BBJ<br />

Challenger 605<br />

Global 5000<br />

Global Express XRS<br />

Falcon 7X<br />

Legacy 650<br />

Lineage 1000<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

<br />

<br />

<br />

<br />

<br />

<br />

China Eastern<br />

2013<br />

14<br />

2014<br />

16<br />

<strong>2015</strong><br />

14<br />

1 1<br />

5 5<br />

3<br />

2<br />

3 3 3 3<br />

1 1 1 1 1 1 1<br />

1 1 1 2<br />

1 1 1<br />

ACJ318<br />

Challenger 300/350<br />

Global Express XRS<br />

Citation Sovereign/+<br />

Falcon 2000LX<br />

Legacyy 650<br />

Gulfstream G200<br />

Gulfstream G450<br />

Gulfstream G550<br />

Hawker 800A/B/<br />

800XP/XPI/125-1A<br />

<br />

<br />

<br />

<br />

<br />

Lily <strong>Jet</strong><br />

2013<br />

11<br />

2014<br />

12<br />

<strong>2015</strong><br />

13<br />

2 2 2<br />

1 1 1<br />

5 4<br />

5<br />

1<br />

1 1 1 1 1 1 1 1<br />

1 1<br />

2<br />

Challenger 604<br />

Challenger 605<br />

Challenger 800/850<br />

CRJ200 VIP<br />

Global 5000<br />

Global Express<br />

Global Express XRS<br />

Gulfstream G200<br />

<br />

<br />

<br />

<br />

<br />

Global <strong>Jet</strong><br />

1 1 2 1 1 1 1 1 2<br />

1 1<br />

1 1 1 1<br />

1<br />

2013<br />

4<br />

2014<br />

6<br />

<strong>2015</strong><br />

8<br />

ACJ319<br />

Falcon 2000LX/LXS<br />

Falcon 7X<br />

Global 6000<br />

Global Express XRS<br />

Gulfstream G450<br />

Gulfstream G650<br />

<br />

<br />

<br />

<br />

<br />

56<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> Growth & 2016 Forecast<br />

GREATER CHINA<br />

The Greater China market has seen its business jet fleet growth rate decline for 3 consecutive years now – from a high<br />

achieved in 2012 of almost 50% growth, to a mere 6.6% in <strong>2015</strong>There are early signs from 2016 though that business<br />

aviation activity levels are picking up:<br />

• <strong>ASG</strong>’s market survey for its 1st quarter 2016 “Quarterly” magazine, saw 33% of the respondents from Greater China<br />

report that their aircraft utilisation had increased versus the last quarter of <strong>2015</strong>. Also those reporting their aircraft<br />

utilisation decreased shrunk to 39% versus 49%.<br />

• <strong>Business</strong> aviation activity levels at Shanghai’s 2 airports – Pudong & Hongqiao – are up over 30% versus a year ago.<br />

January & February 2016 were the strongest start to a year ever with nearly 900 movements.<br />

Examining the growth in Greater China further, it is essentially Hong Kong & Taiwan propping up the numbers in <strong>2015</strong><br />

with 14% and 16% growth respectively. China’s growth itself was a mere 3.8% in <strong>2015</strong>, down from 26% in 2013, and<br />

Macau contracted by reducing its fleet by 1 aircraft.<br />

The OEM with the highest fleet growth in Greater China in <strong>2015</strong> was Boeing with 36%, and the only OEM who grew more<br />

in <strong>2015</strong> than in 2014 was Airbus with its fleet increasing 16%. Given these 2 growth rates, it is no surprise that the<br />

‘corporate airliner’ size category was one of the highest growing segment in <strong>2015</strong> at 11%.<br />

But the facts above are not necessarily good news for business jet sales in Greater China and in <strong>ASG</strong>’s opinion, don’t<br />

project well for 2016 and on. <strong>Business</strong> jet fleet growth in Greater China in the past came from the ‘long range’ and ‘large’<br />

size market segments, not the ‘corporate airliner’ one. In particular, growth used to come from the G550s, Falcon 7Xs,<br />

Global 6000s and G450s being added to the fleet, not ACJs and BBJs. But in <strong>2015</strong>, the markets for G550s and F7Xs<br />

were stagnant, the G450 only added 5 aircraft, and although the Global 6000 had 7 net additions, it alonecould not<br />

make up for the ground lost in other markets.<br />

<strong>ASG</strong> sees a difficult year ahead in 2016 and no growth recovery in Greater China. The expectation is that business jet<br />

fleet growth will continue to decline but be moderated somewhat by continued positive activity levels in the pre-owned<br />

market. <strong>ASG</strong> is forecasting a high of 5.2% growth for 2016 but this could go even lower depending on China’s economic<br />

performance.<br />

600<br />

60%<br />

No. of Aircraft<br />

490<br />

500<br />

+49.3%<br />

466<br />

50%<br />

437<br />

+41.5%<br />

+42.6%<br />

400 379<br />

40%<br />

315<br />

300<br />

+28.3%<br />

+25.4%<br />

30%<br />

211<br />

+20.3%<br />

200<br />

148<br />

+15.3%<br />

20%<br />

100<br />

65<br />

118<br />

92<br />

+6.6%<br />

+5.2%<br />

10%<br />

Growth Rate %<br />

0 0<br />

2007 2008 2009 2010 2011 2012 2013 2014 <strong>2015</strong> 2016<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 57


GREATER CHINA<br />

Net <strong>Fleet</strong> Growth – Per Aircraft Base<br />

2013 2014 <strong>2015</strong><br />

289 300 132<br />

116<br />

99<br />

Hong Kong<br />

250<br />

13 13 12<br />

17<br />

19<br />

22<br />

China<br />

Macau<br />

Taiwan<br />

% Growth Per Aircraft Base<br />

143%<br />

26% 16% 4%<br />

China<br />

Hong Kong<br />

6% 17% 14%<br />

0%<br />

Macau<br />

12% 16%<br />

Taiwan<br />

-19%<br />

-8%<br />

58<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Net <strong>Fleet</strong> Growth by Major OEM<br />

GREATER CHINA<br />

161<br />

171<br />

2013 2014 <strong>2015</strong><br />

142<br />

123<br />

133<br />

111<br />

31<br />

41<br />

42<br />

35<br />

38<br />

39<br />

16<br />

25<br />

26<br />

20<br />

19 18 17 19<br />

22<br />

7<br />

11<br />

15<br />

Gulfstream<br />

Bombardier Dassault Cessna Embraer Hawker Airbus Boeing<br />

% Growth by Major OEM<br />

100%<br />

21% 13% 6%<br />

63%<br />

56%<br />

16<br />

32%<br />

21%<br />

11% 8% 2% 3% 9%<br />

3% 4%<br />

31%<br />

12% 16%<br />

75%<br />

57%<br />

36%<br />

-29%<br />

-5% -5%<br />

Gulfstream<br />

Bombardier Dassault Cessna Embraer Hawker Airbus Boeing<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 59


GREATER CHINA<br />

Net <strong>Fleet</strong> Growth by Size Category<br />

162<br />

2013 2014 <strong>2015</strong><br />

151<br />

123<br />

120<br />

112<br />

103<br />

74<br />

83<br />

57<br />

58 58 56<br />

24 26 27<br />

14 16 18<br />

Corp. Airliner<br />

Long Range<br />

Large<br />

Medium<br />

Light<br />

Very Light<br />

% Growth by Size Category<br />

19% 30% 12%<br />

34%<br />

23%<br />

36%<br />

7% 9% 7%<br />

8%<br />

4%<br />

8% 14% 13%<br />

-3%<br />

-14%<br />

Corp. Airliner<br />

Long Range Large Medium Light Very Light<br />

60<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Net <strong>Fleet</strong> Growth by Aircraft Model<br />

Corp. Airliner<br />

GREATER CHINA<br />

2013 2014 <strong>2015</strong><br />

17 17<br />

20<br />

7<br />

9<br />

13<br />

5<br />

11<br />

12<br />

8<br />

8<br />

11<br />

8<br />

9 8<br />

6 6 7<br />

3<br />

7<br />

6<br />

3 3 3<br />

2 2<br />

1 1<br />

1<br />

Challenger<br />

800/850<br />

BBJ<br />

Challenger<br />

870<br />

ACJ319<br />

CRJ100/<br />

200/VIP<br />

ACJ318<br />

Lineage<br />

1000<br />

A319ER<br />

BBJ2<br />

ACJ320<br />

ACJ330<br />

Long Range<br />

72<br />

72<br />

64<br />

30 30<br />

22<br />

5<br />

12<br />

19<br />

13<br />

16<br />

16<br />

1<br />

3<br />

9<br />

7 8<br />

6 7 6 6<br />

4 4<br />

2 2<br />

Gulfstream<br />

G550<br />

Falcon 7X<br />

Global 6000<br />

Global 5000<br />

Gulfstream<br />

G650<br />

Global<br />

Express XRS<br />

Global<br />

Express<br />

Gulfstream V<br />

Gulfstream<br />

G650ER<br />

Large<br />

52<br />

57<br />

46<br />

25<br />

23 25<br />

14<br />

15<br />

9<br />

4<br />

6<br />

6<br />

4 4 5<br />

3 2 3<br />

3 3 3<br />

4<br />

4<br />

2<br />

2 2 2<br />

1 1<br />

1 1 1<br />

2<br />

Gulfstream<br />

450<br />

Challenger<br />

605<br />

Legacy<br />

650<br />

Falcon<br />

900LX<br />

Challenger<br />

604<br />

Falcon<br />

2000LX/LXS<br />

Legacy<br />

600<br />

Gulfstream<br />

IV/IV-SP<br />

Falcon<br />

900DX/EX<br />

Falcon<br />

2000S<br />

Gulfstream<br />

G300/G350<br />

Challenger<br />

601<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 61


GREATER CHINA<br />

Medium<br />

2013 2014 <strong>2015</strong><br />

20 19 17<br />

10 10<br />

8 9 8 7<br />

4<br />

7<br />

4<br />

4 5 4 5 4<br />

2 2 2<br />

4 5<br />

3 2 2 2 1 1 1<br />

Gulfstream<br />

G200<br />

Hawker<br />

800A/B/<br />

850XP/<br />

XPI/<br />

125-1A<br />

Challenger<br />

300/350<br />

Gulfstream<br />

G280<br />

Learjet<br />

60/XR<br />

Citation<br />

Sovereign/+<br />

Gulfstream<br />

G100/G150<br />

Hawker<br />

900XP<br />

Hawker<br />

4000<br />

Citation X/+<br />

Light<br />

Very Light<br />

8<br />

11 12<br />

5 5 5 4 4 4<br />

3<br />

4<br />

4<br />

1 1 1 2 1 1 1<br />

13 13 13<br />

3 4<br />

1 1<br />

Citation Excel/<br />

XLS/+<br />

Learjet<br />

35/A/36/A<br />

Citation S/II/<br />

Bravo/II/SP<br />

Hawker<br />

400/A/B/XP<br />

Phenom 300<br />

Citation<br />

III/VI/VII<br />

Citation<br />

CJ3<br />

Citation 525/<br />

CJ1/+/M2<br />

Citation<br />

Mustang<br />

Phenom 100<br />

62<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 63


GREATER CHINA<br />

Net <strong>Fleet</strong> Change by Model 2013-<strong>2015</strong><br />

2013 2014 <strong>2015</strong><br />

+64 +58 +29<br />

7<br />

4<br />

2 8<br />

3<br />

5<br />

1 1<br />

4<br />

4<br />

2<br />

2<br />

7<br />

1<br />

6 6<br />

1<br />

5<br />

1<br />

1<br />

4<br />

3 1<br />

3<br />

1<br />

3<br />

1<br />

3<br />

2<br />

2<br />

2<br />

2<br />

1 1<br />

1 1<br />

1<br />

1 1 1<br />

1<br />

-1 -1 -1 -1 -1<br />

-1<br />

-1<br />

-1 -1 -1<br />

-1 -1<br />

-1 -1<br />

-2<br />

-2<br />

-1 -3<br />

-1<br />

-2 -4<br />

-2<br />

-1<br />

-2 -4<br />

-2<br />

-1<br />

ACJ318<br />

ACJ319<br />

ACJ320<br />

ACJ330<br />

BBJ<br />

BBJ2<br />

Challenger 300/350<br />

Challenger 601<br />

Challenger 604<br />

Challenger 605<br />

Challenger 800/850<br />

Challenger 870<br />

CRJ200VIP<br />

Global 5000<br />

Global 6000<br />

Global Express<br />

Global Express XRS<br />

Learjet 60/XR<br />

Citation CJ1<br />

Citation CJ3<br />

Citation Excel/XLS/+<br />

Citation Mustang<br />

Citation Soveign/+<br />

Citation VI/VII<br />

64<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


GREATER CHINA<br />

8<br />

5<br />

11<br />

3<br />

14<br />

9<br />

2<br />

19<br />

1<br />

12<br />

5<br />

12 6<br />

3<br />

1<br />

3<br />

4<br />

2<br />

3<br />

2<br />

4<br />

4<br />

2<br />

3<br />

2<br />

2<br />

2<br />

2<br />

1 1 1 1 1 1 1 1<br />

1 1<br />

-1 -1 -1 -1 -1 -1<br />

-2<br />

-3<br />

-1<br />

-3<br />

-4 -2<br />

-4<br />

-5<br />

-3<br />

-6 -6<br />

-2<br />

1<br />

2<br />

-2 -2<br />

-1 -1<br />

-1<br />

-4<br />

-3<br />

-5<br />

-5<br />

-3<br />

Citation X<br />

Citation XLS/+<br />

Falcon 2000<br />

Falcon 7X<br />

Falcon 900LX<br />

Falcon 2000LX/LXS<br />

Legacy 650<br />

Legacy 650<br />

Lineage 1000<br />

Phenom 100<br />

Phenom 300<br />

Gulfstream G100<br />

Gulfstream G200<br />

Gulfstream G280<br />

Gulfstream G450<br />

Gulfstream G550<br />

Gulfstream G650<br />

Gulfstream G650ER<br />

Gulfstream IV/IV-SP<br />

Gulfstream V<br />

Hawker 400/A/XP<br />

Hawker 4000<br />

Hawker 750<br />

Hawker 800A/B/850XP/XPI/125-A<br />

Hawker 900XP<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 65


66<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> OPERATOR OVERVIEW<br />

The top 20 operators in the Asia Pacific region fly 35% of the total business jets, with 9 of the top 10<br />

being based in Greater China.<br />

Australia has the most number of operators with 105, followed by India with 91 and then China with<br />

54. But in Australia and India, the largest operator has a fleet of just 10 and 11 aircraft versus Deer<br />

<strong>Jet</strong> in China which operates 59 aircraft.<br />

The Australian and Indian markets are extremely fragmented with 73 and 61 operators in each country<br />

flying just 1 aircraft. The top 5 operators in China operate 55% of the local fleet. In Hong Kong, the<br />

top 5 represents 68% of the fleet. The top 5 operators in Australia and India represent only 21% and<br />

22% of their respective fleets.<br />

Examining the top 10 operators in more detail:<br />

• BAA added 9 aircraft in <strong>2015</strong> for a total of 54 aircraft and now operates by far the largest fleet of<br />

F7Xs in the Asia Pacific region (11 aircraft), as well as 18 Gulfstream aircraft. BAA’s fleet is split<br />

83%/17% between China and Hong Kong.<br />

• <strong>Jet</strong> Aviation added 7 aircraft for a total of 39 aircraft, of which 25 are Gulfstreams, including 5<br />

G650s. <strong>Jet</strong> Aviation’s fleet is largely based in Hong Kong (72%), but it also has aircraft based in<br />

Australia (1), Indonesia (3), Japan (3), Macau (1), Malaysia (1) and Singapore (2).<br />

• Sino<strong>Jet</strong> also added 8 aircraft for a total fleet of 18 aircraft but operates 11 different models. Its<br />

fleet is split 44%/56% between China and Hong Kong.<br />

• Hongkong <strong>Jet</strong> added 7 aircraft for a total of 19 aircraft and is the largest operator of single aisle<br />

corporate airliners with a fleet of 4 Airbus’ and 4 Boeings. Its fleet is largely based in Hong Kong<br />

(11 aircraft) but it also has aircraft based in China (6) and Indonesia (2).<br />

• Deer <strong>Jet</strong>’s fleet shrank by 9 aircraft to a total of 59 mainly through a reduction in older Gulfstreams<br />

(GIVs and GVs) and Hawkers (800s and 900s). Deer <strong>Jet</strong> still remains a huge Gulfstream operator<br />

with 40 aircraft in its fleet. Its whole fleet is based in Mainland China.<br />

• TAG Aviation saw its fleet contract by 4 aircraft to 45 – F7Xs and Challengers mostly. TAG’s fleet<br />

remains dominated by Bombardier models (22 aircraft) and is the most diversely based with<br />

aircraft under management in 8 countries in the Asia Pacific region: Hong Kong (15), China (14),<br />

Singapore (7), Cambodia (3), Malaysia (3) and also Indonesia, Macau and The Philippines with<br />

1 aircraft each.<br />

• Metrojet lost a net 5 aircraft through <strong>2015</strong> to end the year with a fleet of 30 aircraft. Most of<br />

the losses were Bombardier aircraft. Metrojet operates 19 Gulfstreams, including 3 G650s. 26<br />

aircraft (87%) are based in Hong Kong, with the remaining aircraft being based in the Philippines.<br />

• China Eastern’s fleet contracted by 2 aircraft in <strong>2015</strong>, down to 14 in total. Its fleet is dominated<br />

by the Legacy 650 and G450/G550 family with 5 aircraft of each. Its fleet is based in China.<br />

• Lily <strong>Jet</strong> grew by 1 aircraft in <strong>2015</strong> to 13 in total. 11 aircraft in its fleet are Bombardier models<br />

including 5 Challenger 800/850s with 11 aircraft are based in China and 3 in Hong Kong.<br />

• Execujet has a fleet of 18 aircraft, spread amongst 5 different bases, with the biggest fleets being<br />

in Australia (8) and Singapore (5).<br />

ASIA PACIFIC BUSINESS REGION BUSINESS JET FLEET JET REPORT FLEET REPORT – YEAR <strong>EN</strong>D – YEAR <strong>2015</strong> <strong>EN</strong>D <strong>2015</strong> 67


ASIA PACIFIC REGION<br />

Top 20 Operator <strong>Fleet</strong>s by OEM – Asia Pacific Region<br />

35% of total Asia Pacific fleet<br />

The Top-20 operators in Asia Pacific fly 35% of the total business jet fleet in the region. Deer <strong>Jet</strong>, BAA, TAG Aviation, <strong>Jet</strong><br />

Aviation, Metrojet and Hongkong <strong>Jet</strong> remain the top five jet operators in the region while many Chinese and Hong Kong<br />

operators follow, making Greater China count for 10 out of the top 20 Asia Pacific operators.<br />

59<br />

54<br />

45<br />

39<br />

30<br />

19 18 18<br />

14 14<br />

Deer <strong>Jet</strong><br />

BAA<br />

TAG Aviation<br />

<strong>Jet</strong> Aviation<br />

Metrojet<br />

Hongkong <strong>Jet</strong><br />

Sino <strong>Jet</strong><br />

Execujet<br />

China Eastern<br />

Lily <strong>Jet</strong><br />

Airbus 3 3 1 1 4 1<br />

Boeing 2 1 4 2<br />

Bombardier 1 11 31 10 4 1 5 14 1 12<br />

Cessna 1 1 1<br />

Dassault 6 14 4 2 2 1<br />

Embraer 7 1 2 1 2 5<br />

Gulfstream 40 18 8 25 23 7 8 3 6 2<br />

Hawker 7 1<br />

Westwind<br />

Total 59 54 45 39 30 19 18 18 14 14<br />

68<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


11<br />

10<br />

9 9<br />

8 8 8 8 8 8<br />

Reliance<br />

Transport & Travels<br />

Pel-Air Aviation<br />

AR Airways<br />

Asia <strong>Jet</strong><br />

Challenger<br />

Aero Air<br />

Korean Air<br />

Global <strong>Jet</strong> Asia<br />

MJETS<br />

Premiair<br />

Vista <strong>Jet</strong><br />

Total<br />

1 2 16<br />

1 1 11<br />

4 4 1 3 1 1 1 1 8 114<br />

6 6 4 19<br />

3 2 1 3 38<br />

2 6 26<br />

5 2 2 4 1 154<br />

1 4 13<br />

6 6<br />

11 10 9 9 8 8 8 8 8 8 397<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 69


Hawker Pacificker Pacific Aircraft Management<br />

The Hawker Pacific Aircraft Management team is<br />

made up of aviation specialists whose combined<br />

aircraft operations experience spans more than<br />

200 years and 5 continents. The company’s<br />

state of the art Operations Control Centre in Singapore<br />

is in charge of managing the fleet around<br />

the clock, serving as the center for its clients<br />

aircraft that are based throughout the region, including<br />

in cities like Sydney, Singapore, Jakarta,<br />

and Manila.<br />

Senior Vice President Patrick Enz, who has<br />

spearheaded Hawker Pacific’s Aircraft Management<br />

services out of Singapore since 2012, says<br />

the group’s heritage dates back to 1978 and<br />

Hawker Pacific’s name comes from the entrepreneurial<br />

activities of Australian aviation pioneer<br />

Harry Hawker.<br />

Hawker Pacific’s basic mission is to find solutions<br />

for aircraft owners’ needs. It delivers a<br />

full service that combines the mentality of traditional<br />

private banking with a modern asset<br />

management approach. The company focuses<br />

on its clients’ global travel needs, helping aircraft<br />

owners find the most effective ways to take the<br />

hassle out of aircraft ownership and protect the<br />

value of their investment. “The company at all<br />

times represents the owner’s interests and offers<br />

full transparency of operational costs, with<br />

no markups, commissions, or added fees, as it<br />

brings clients the peace of mind that comes with<br />

a tailor-made solution,” says Enz.<br />

Patrick Enz,<br />

Senior Vice President<br />

Hawker Pacific’s Operation Management System<br />

integrates the latest quality and safety systems to<br />

ensure consistent levels of product and service<br />

delivery. Hawker Pacific’s administration offers<br />

customers a snapshot of operations and financial<br />

data along with the status of past and upcoming<br />

maintenance inputs at all times. These<br />

quality services are delivered through a modular<br />

approach to aircraft management tailored to fit<br />

each individual situation. These modules can be<br />

combined to take a customer from aircraft evaluation<br />

through the purchase and delivery stage<br />

to aircraft operation, and can even be extended<br />

to include the stage of aircraft re-evaluation and<br />

sale, when that time comes.<br />

70<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


With such extensive services customized to a client’s<br />

particular needs, the aircraft owner can enjoy all the<br />

prestige, flexibility and convenience of private aircraft<br />

ownership while minimizing the complex and time-consuming<br />

tasks involved with the operation, administration<br />

and meeting regulatory requirements.<br />

The services Hawker Pacific Aircraft Management offers<br />

span the full range of needs any aircraft owner will<br />

encounter over his or her’s years of owning an aircraft.<br />

Hawker Pacific’s dedicated team of experts help aircraft<br />

owners monitor their aircraft’s utilization and maintenance<br />

planning functions; bring professional oversight<br />

to the maintenance performed on the aircraft; review<br />

Airworthiness Directives and OEM Service Bulletins;<br />

monitors the performance of flight crews; ensure that<br />

all records and regulatory requirements are completely<br />

compliant; offer financial and accounting services; introduce<br />

competitive insurance solutions, and most importantly,<br />

assist the client in all their trip planning needs.<br />

The customer’s flight activities are managed through a<br />

sophisticated flight operations system that provides secure,<br />

round-the-clock access to all the aircraft’s details,<br />

while allowing pilots and crew to update flying hours and<br />

relevant information from any point on the globe.<br />

about the specific needs of his Asian customers, Enz replied,<br />

“In Asia, end users tend to utilize their aircraft for<br />

private use rather than just as a business tool. For this<br />

reason, we tailor our services to cater to their personal<br />

requirements. For instance, we have a customer who<br />

prefers that the flight attendant prepares and cooks<br />

complex meals on-board, or procures their favorite dishes<br />

from a specific restaurant. Every crew is assigned<br />

one aircraft only, and Hawker Pacific is committed to<br />

going the extra mile for our customers.”<br />

Hawker Pacific’s investment and focus in the region<br />

gives it a competitive advantage in the dynamic Asia-Pacific<br />

market. It will be exciting to see this company’s<br />

plans become a firm reality in the upcoming years, given<br />

a steadily growing market at its doorstep and Hawker<br />

Pacific’s ability to deliver a turn-key solution to suit any<br />

Aviation customer’s needs.<br />

Enz points to Hawker Pacific’s competitive advantage,<br />

saying “Hawker Pacific is a market leader in integrated<br />

civil and military aerospace sales and product support<br />

in South East Asia, Australia, the Pacific and the Middle<br />

East and is one of the largest independent companies<br />

of its type in the region with over 700 employees. The<br />

company’s Asian operations include established businesses<br />

in Singapore, China, the Philippines, Thailand,<br />

Indonesia and Malaysia. Hawker Pacific has the whole<br />

package to deliver a turn-key solution to end users.”<br />

When asked where he expects Hawker Pacific’s Aircraft<br />

Management business to be in the next five to ten<br />

years, Enz says “We started our aircraft management<br />

business in 2012 and have assembled a team that<br />

provides a seamless service that takes the burden of<br />

out aircraft ownership for the owner. So far, we have 10<br />

management and support contracts in the region and<br />

are quite optimistic with growing 3-4 contracts per year.”<br />

Hawker Pacific is the only full service aircraft management<br />

provider based in Singapore offering also in-house<br />

maintenance and hangarage services. When we asked<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 71


ASIA PACIFIC REGION<br />

Top Operator <strong>Fleet</strong>s – by Aircraft Model<br />

China – 54 Operators in Total<br />

• 5 Operators shown represent 48% of the fleet<br />

• 14 Operators - 3-8 aircraft each<br />

• 14 Operators - 2 aircraft each<br />

• 21 Operators - 1 aircraft each<br />

59<br />

45<br />

14 14 11<br />

Deer <strong>Jet</strong><br />

BAA<br />

China<br />

Eastern<br />

TAG<br />

Aviation<br />

Lily <strong>Jet</strong><br />

Total<br />

Change<br />

from 2014<br />

ACJ318 1 1 2<br />

ACJ319 2 1 3<br />

ACJ320 1 1 +1<br />

BBJ 2 2<br />

Challenger 604 2 2<br />

Challenger 605 1 3 1 5 -1<br />

Challenger 300/350 1 1<br />

Challenger 800/850 3 2 4 9<br />

Global 5000 3 3<br />

Global 6000 4 1 1 6<br />

Global Express 1 1 2<br />

Global Express XRS 1 1 -1<br />

Learjet 60/XR 1 1 2<br />

Citation 525/CJ/+/M2 1 1<br />

Falcon 2000S 1 1<br />

Falcon 7X 4 10 3 17<br />

Falcon 900LX 1 1 1 3 +1<br />

Lineage 1000 1 1<br />

Legacy 650 5 5 1 11 +5<br />

Gulfstream G200 4 1 1 6 -3<br />

Gulfstream G280 2 2 +2<br />

Gulfstream G450 14 7 2 1 24 +1<br />

Gulfstream G550 20 5 3 28<br />

Gulfstream V 1 1 -2<br />

Gulfstream IV/IV-SP 1 1 -3<br />

Hawker 4000 1 1<br />

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

Hawker 900XP 1 1 -1<br />

Total 59 45 14 14 11 143<br />

Change from 2014 -8 +10 -2 -3 +1 -2<br />

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

72<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Hong Kong – 24 Operators in Total<br />

• 5 Operators shown represent 68% of the fleet<br />

• 1 Operators - 9 aircraft<br />

• 2 Operators - 4 aircraft each<br />

• 3 Operators - 3 aircraft each<br />

• 3 Operators - 2 aircraft each<br />

• 10 Operators - 1 aircraft each<br />

ASIA PACIFIC REGION<br />

28<br />

26<br />

15<br />

11 10<br />

<strong>Jet</strong> Aviation<br />

Metrojet<br />

TAG Aviation<br />

Hongkong <strong>Jet</strong><br />

Sino <strong>Jet</strong><br />

Total<br />

Change<br />

from 2014<br />

ACJ318 1 1<br />

ACJ319 2 2 -1<br />

BBJ 1 3 1 5 +2<br />

Challenger 300/350 1 1<br />

Challenger 604 1 1 -1<br />

Challenger 605 1 1 1 1 2 6 -1<br />

Challenger 800/850 1 1 2<br />

Global 5000 2 1 3 6 -1<br />

Global 6000 3 6 9 +6<br />

Global Express 1 1 2 -1<br />

Global Express XRS 1 1 2 -1<br />

Falcon 7X 1 1 2 -1<br />

Falcon 900LX 1 1 -1<br />

Legacy 600 1 2<br />

Legacy 650 1 1<br />

Gulfstream V 1 1<br />

Gulfstream G200 1 1 1 3<br />

Gulfstream G450 5 5 1 2 13 +1<br />

Gulfstream G550 9 9 2 1 21 -3<br />

Gulfstream G650 3 2 1 1 1 8 +5<br />

Gulfstream G650ER 1 1 2<br />

Total 28 26 15 11 10 90<br />

Change from 2014 +9 -5 -1 +3*<br />

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

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 73


ASIA PACIFIC REGION<br />

Macau – 7 Operators in Total<br />

• 3 Operators shown represent 67% of the fleet<br />

• 4 Operators - 1 aircraft each<br />

4<br />

2 2<br />

Fortuna <strong>Jet</strong><br />

<strong>Jet</strong> Asia<br />

Macau Landmark<br />

Management<br />

Challenger 605 1 1<br />

CRJ100/200/VIP 1 1<br />

Global Express 1 1<br />

Legacy 600 1 1<br />

Lineage 1000 1 1<br />

Gulfstream G550 2 2<br />

Hawker 4000 1 1 +1<br />

Total 4 2 2 8<br />

Change from 2014 +1 +1<br />

Total<br />

Change<br />

from 2014<br />

Taiwan – 12 Operators in Total<br />

• 4 Operators shown represent 64% of the fleet<br />

• 8 Operators - 1 aircraft each<br />

6<br />

4<br />

2 2<br />

Executive Aviation<br />

Taiwan<br />

EVA Airways<br />

Aerospace Industrial<br />

Development<br />

ACJ318 2 2<br />

ACJ319 1 1 +1<br />

BBJ 1 1<br />

Global 5000 1 1<br />

Global 6000 1 1 +1<br />

Global Express XRS 2 2 +1<br />

Legacy 600 1 1<br />

Gulfstream G100/G150 2 2<br />

Gulfstream G550 2 2<br />

Hawker 400XP 1 1<br />

Total 6 4 2 2 14<br />

Change from 2014 +2 +1 -1 +2*<br />

* include one G450 which left Taiwan<br />

Win Air <strong>Jet</strong><br />

Total<br />

Change<br />

from 2014<br />

74<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 75


ASIA PACIFIC REGION<br />

Japan – 28 Operators in Total<br />

• 6 Operators shown represent 45% of the fleet<br />

• 5 Operators - 2 aircraft each<br />

• 17 Operators - 1 aircraft each<br />

5<br />

4<br />

4<br />

3<br />

3 3<br />

Asia <strong>Jet</strong><br />

Gov’t of Japan -<br />

Coast Guard<br />

Ministry of Land &<br />

Transportation<br />

<strong>Jet</strong> Avaition<br />

Nakanihon Air<br />

Serice<br />

Japan - Civil<br />

Avaition Bureau<br />

ACJ318 1 1<br />

BBJ 1 1<br />

Global 6000 2 2 +1<br />

Global Express 2 2<br />

Citation CJ4 3 3 +3<br />

Citation Ultra/V 3 3<br />

Falcon 900/C/DX 2 2<br />

Gulfstream G650 2 2 4<br />

Gulfstream IV/IV-SP 2 2<br />

Gulfstream V 2 2<br />

Total 5 4 4 3 3 3 22<br />

Change from 2014 +1 +3 +4<br />

Total<br />

Change<br />

from 2014<br />

South Korea – 9 Operators in Total<br />

• 5 Operators shown represent 80% of the fleet<br />

• 4 Operators operate 1 aircraft<br />

8<br />

2 2 2 2<br />

Korean Air<br />

Flight Inspection<br />

Center<br />

ACJ319 1 1<br />

BBJ 1 2 1 4 -1<br />

Challenger 600/601 1 1<br />

Global Express XRS 1 1 2<br />

Citation 525/CJ/+/M2 2 2<br />

Citation Ultra/V 4 4<br />

Gulfstream G550 1 1<br />

Hawker 700A/B/750 1 1<br />

Total 8 2 2 2 2 16<br />

Change from 2014 -1 -1<br />

Hyundai Motor<br />

Samsung Techwin<br />

SK Telecom<br />

Total<br />

Change<br />

from 2014<br />

76<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


India – 91 Operators in Total<br />

• 5 Operators shown represent 21% of the fleet<br />

• 2 Operators - 3 aircraft each<br />

• 23 Operators - 2 aircraft each<br />

• 61 Operators - 1 aircraft each<br />

ASIA PACIFIC REGION<br />

11<br />

9<br />

4 4 4<br />

Reliance Transport &<br />

Travels<br />

AR Airways<br />

India Fly Safe<br />

Aviation<br />

Air One Aviation<br />

Airmid Aviation<br />

Services<br />

ACJ319 1 1<br />

Challenger 604 1 1<br />

Challenger 800/850 1 1<br />

CRJ100/200/VIP 1 1<br />

Global 5000 1 1 2 +1<br />

Global 6000 1 1 2 +1<br />

Global Express 1 1<br />

Global Express XRS 1 1<br />

Citation Excel/XLS/+ 2 1 1 4<br />

Citation S/II/Bravo/II/SP 4 1 5<br />

Falcon 2000/DX/EX EASy 1 2 3 +1<br />

Falcon 7X 1 1 +1<br />

Falcon 900EX/EASy 2 2<br />

ERJ135ER/LR 1 1 2<br />

Legacy 650 1 2 3 +1<br />

Lineage 1000 1 1<br />

Hawker 800A/B/850XP/XPI/125-1A 1 1<br />

Total 11 9 4 4 4 32<br />

Change from 2014 +2 +1 +1 +4*<br />

* include one Citation CJ2/+ which left India<br />

Total<br />

Change<br />

from 2014<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 77


78<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Thailand – 16 Operators in Total<br />

• 4 Operators shown represent 58% of the fleet<br />

• 2 Operators - 2 aircraft each<br />

• 10 Operators - 1 aircraft each<br />

ASIA PACIFIC REGION<br />

8<br />

4 4 3<br />

MJETS<br />

Siam Land Flying<br />

Gov’t of Thailand<br />

Royal Air Force<br />

AC Aviation<br />

Total<br />

Change<br />

from 2014<br />

ACJ319 1 1<br />

ACJ320 1 1<br />

BBJ2 1 1<br />

B737-400 1 1<br />

Global Express XRS 1 1<br />

Citation CJ3 1 1<br />

Citation S/II/Bravo/II/SP 2 2 +1<br />

Citation X/+ 1 1<br />

Falcon 2000LX/LXS 1 1<br />

Gulfstream G200 2 2<br />

Gulfstream G550 1 1 +1<br />

Gulfstream V 1 1<br />

Hawker 400/A/B/Diamond I 2 2<br />

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

Total 8 4 4 3 19<br />

Change from 2014 +2 +2<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 79


ASIA PACIFIC REGION<br />

Philippines – 28 Operators in Total<br />

• 5 Operators shown represent 45% of the fleet<br />

• 4 Operators - 2 aircraft each<br />

• 19 Operators - 1 aircraft each<br />

8<br />

4 4<br />

3 3<br />

Challenger Aero Air<br />

Subic Int'l<br />

Air Charter<br />

Metrojet<br />

Lionair<br />

Royal Star Aviation<br />

Total<br />

Change<br />

from 2014<br />

Challenger 300/350 1 1<br />

CRJ100/200/VIP 1 1<br />

Learjet 35/A/36/A 1 1<br />

Learjet 40 1 1<br />

Learjet 75 1 1 +1<br />

Citation 500/I/SP 1 1<br />

Citation Excel/XLS/+ 1 1 2<br />

Dornier 328JET 1 1<br />

Falcon 900/C/DX 1 1<br />

Gulfstream G200 1 1<br />

Gulfstream G300/G350 1 1 +1<br />

Gulfstream G450 1 1<br />

Gulfstream G550 1 1<br />

Gulfstream IV/IV-SP 1 1 2<br />

Hawker 700A/B/750 1 1 2<br />

Hawker 800A/B/850XP/XPI/125-1A 3 3<br />

Westwind 1/2 1 1<br />

Total 8 4 4 3 3 22<br />

Change from 2014 -1 +1<br />

80<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Malaysia – 34 Operators in Total<br />

• 6 Operators shown represent 39% of the fleet<br />

• 28 Operators - 1 aircraft each<br />

ASIA PACIFIC REGION<br />

4 4<br />

3 3 2 2<br />

Gov’t of<br />

Malaysia<br />

Smooth Route<br />

TAG Aviation<br />

Execujet<br />

Berjaya Air<br />

Air Alsie<br />

Total<br />

Change<br />

from 2014<br />

ACJ319 1 1<br />

Challenger 300/350 1 1<br />

Global 5000 1 1 2 +1<br />

Global Express XRS 2 2<br />

Learjet 60/XR 2 2<br />

Citation S/II/Bravo/II/SP 2 2<br />

Citation Sovereign/+ 2 2<br />

Falcon 7X 1 1<br />

Falcon 900LX 1 1<br />

Gulfstream G200 1 1<br />

Gulfstream G450 1 1<br />

Gulfstream IV/IV-SP 1 1 2<br />

Total 4 4 3 3 2 2 18<br />

Change from 2014 +1 +1<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 81


ASIA PACIFIC REGION<br />

Singapore – 34 Operators in Total<br />

• 6 Operators shown represent 44% of the fleet<br />

• 7 Operators - 2 aircraft each<br />

• 21 Operators - 1 aircraft each<br />

7 6 5<br />

4 3 3<br />

TAG Aviation<br />

Pacific Flight<br />

Services<br />

Execujet<br />

ACJ319 1 1 +1<br />

Challenger 300/350 1 2 3 +1<br />

Challenger 605 1 2 1 4<br />

Global 5000 3 1 4 +1<br />

Global 6000 1 1 2 +1<br />

Learjet 35/A/36/A 2 2<br />

Learjet 45/XR 1 1<br />

Learjet 60/XR 1 2 3<br />

Legacy 600 2 2 +2<br />

Gulfstream G100/G150 1 1<br />

Gulfstream G450 1 1 2 +1<br />

Gulfstream G550 1 1<br />

Gulfstream III 1 1<br />

Gulfstream V 1 1 +1<br />

Total 7 6 5 4 3 3 28<br />

Change from 2014 +2 +1 +2 +3 +8<br />

Asia Aviation<br />

Company<br />

Precious<br />

<strong>Jet</strong><br />

Hawker<br />

Pacific<br />

Total<br />

Change<br />

from 2014<br />

Indonesia – 31 Operators in Total<br />

• 4 Operators shown represent 33% of the fleet<br />

• 8 Operators - 2 aircraft each<br />

• 19 Operators - 1 aircraft each<br />

8<br />

3 3 3<br />

82<br />

Premiair<br />

BBJ2 1 1<br />

<strong>Jet</strong><br />

Aviation<br />

Global 5000 1 1 2 +2<br />

Global 6000 1 1 +1<br />

Global Express XRS 1 1<br />

Learjet 31/A 2 2<br />

Falcon 2000LX/LXS 1 1 +1<br />

Legacy 600 2 2<br />

Legacy 650 2 1 3 +1<br />

Lineage 1000 1 1<br />

Phenom 300 1 1 2<br />

Gulfstream G550 1 1<br />

Total 8 3 3 3 17<br />

Change from 2014 +2 +2 +4*<br />

* include one BBJ which left Indonesia<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong><br />

Gov’t of<br />

Indonesia<br />

Hawker<br />

Pacific<br />

Total<br />

Change<br />

from 2014


Australia – 105 Operators in Total<br />

• 5 Operators shown represent 21% of the fleet<br />

• 1 Operator - 5 aircraft<br />

• 4 Operators - 4 aircraft each<br />

• 8 Operators - 3 aircraft each<br />

• 14 Operators - 2 aircraft each<br />

• 73 Operators - 1 aircraft each<br />

10<br />

8<br />

7 7<br />

6<br />

ASIA PACIFIC REGION<br />

Pel-Air<br />

Aviation<br />

Challenger 600/601 1 1<br />

Challenger 604 3 3<br />

Execujet<br />

Global 6000 1 1 +1<br />

Global Express XRS 3 3<br />

Learjet 35/A/36/A 4 6 10<br />

Citation III/VI/VII 1 1 2<br />

Citation Mustang 4 4 +2<br />

Citation S/II/Bravo/II/SP 1 2 3<br />

Citation Ultra/V 1 1<br />

Phenom 100 3 3<br />

Gulfstream IV/IV-SP 1 1<br />

Westwind 1/2 6 6<br />

Total 10 8 7 7 6 38<br />

Change from 2014 +1 +2 +3<br />

Flight Options<br />

(Australia)<br />

Revesco<br />

Aviation<br />

Air Affair<br />

Australia<br />

Total<br />

Change<br />

from 2014<br />

New Zealand – 10 Operators in Total<br />

• 2 Operators shown represent 33% of the fleet<br />

• 8 Operators - 1 aircraft each<br />

2 2<br />

Air Hawkes Bay<br />

Pacific <strong>Jet</strong>s<br />

Total<br />

Change<br />

from 2014<br />

Citation CJ4 1 1<br />

Citation Mustang 2 2 +1<br />

Westwind 1/2 1 1<br />

Total 2 2 4<br />

Change from 2014 +1 +1<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 83


Gulfstream has a long history of seeking the best<br />

combination of speed, comfort and efficiency to meet<br />

customer’s demands. In the newly crafted G600,<br />

Gulfstream’s goal was to combine new wing technology<br />

and airframe advances, new engines and a uniquely<br />

shaped cabin to transport travelers 11,482 kilometers<br />

at a speed of Mach 0.85, faster than any aircraft in its<br />

class. And Gulfstream intended to do all that without<br />

sacrificing fuel efficiency or passenger comfort.<br />

The G600 has certainly risen to the challenge. With a<br />

maximum operating speed of Mach 0.925 and a longrange<br />

cruise speed of Mach 0.8, frequent flyers in the<br />

G600 will save hours of flying time per year. The G600<br />

also maximizes efficiency with an advanced wing design<br />

and a pair of Pratt & Whitney Canada engines, which<br />

can operate for 10,000 hours between overhauls.<br />

These engines feature greatly reduced noise levels<br />

and emissions, which ultimately lower operating costs<br />

and ensure the aircraft will continue to conform to<br />

environmental standards.<br />

The G600’s cabin is 2.41 meters wide and 1.93 meters<br />

high, the optimal size and shape to promote a balance<br />

84<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


of speed and efficiency. The G600 can be configured with up to<br />

four living areas in its 13.77 meter long cabin, offering options<br />

for either a forward or aft galley, and even the possibility of a<br />

shower. The 68.5 centimeter wide seats offer plenty of space<br />

to spread out, and the divans and seats can all be converted to<br />

beds for sleeping. Conference tables can be added for meetings<br />

or dining. There are 10 individual cabin designs for living areas<br />

that owners can opt for, making the jet completely configurable<br />

for a variety of needs, including work, leisure, dining, or sleep.<br />

PERFORMANCE<br />

Maximum Range:<br />

6,200 nm / 11,482 km<br />

High-Speed:<br />

Mach 0.90 / 516 ktas<br />

Long-Range:<br />

Mach 0.85 / 488 ktas<br />

Maximum Operating Speed: Mach 0.925<br />

Takeoff Distance(SL, ISA, MTOW): 5,700 ft / 1,737 m<br />

Landing Distance(SL, ISA, MLW): 3,100 ft / 945 m<br />

Initial Cruise Altitude:<br />

41,000 ft / 12,497 m<br />

Maximum Cruise Altitude:<br />

51,000 ft / 15,545 m<br />

WEIGHTS<br />

Maximum Takeoff:<br />

Maximum Landing:<br />

Maximum Zero Fuel:<br />

Basic Operating (including 3 crew):<br />

Maximum Payload:<br />

Payload with Maximum Fuel:<br />

Maximum Fuel:<br />

91,600 lb / 41,549 kg<br />

76,800 lb / 34,836 kg<br />

57,440 lb / 26,054 kg<br />

51,440 lb / 23,333 kg<br />

6,000 lb / 2,722 kg<br />

1,800 lb / 816 kg<br />

38,760 lb / 17,581 kg<br />

EXTERNAL<br />

Length:<br />

Overall Span:<br />

Height:<br />

96 ft 1 in / 29.29 m<br />

95 ft / 28.96 m<br />

25 ft 3 in / 7.70 m<br />

The cabin can also be designed to reflect the owner’s unique<br />

style, choosing from hand-woven rugs, bamboo flooring, and a<br />

wide variety of colors for the upholstery. High definition monitors<br />

serve both business and entertainment needs, while satellite<br />

communications and the optional Broadband Multilink (BML)<br />

high-speed data system make staying in touch a breeze.<br />

The Gulfstream Cabin Management System gives travelers<br />

control of lighting, window shades, temperature and<br />

entertainment through touchscreen devices. The G600 is<br />

engineered to provide a quiet journey, keeping the air fresh and<br />

atmosphere serene with its low cabin altitude. The cabin is so<br />

quiet passengers can converse in normal voices, even when<br />

flying near the speed of sound.<br />

The Gulfstream G650, from which the G600 was developed, has<br />

long been a favorite in its class of business jet. With the release<br />

of the newer, better G600, customers are sure to be that much<br />

more impressed by its perfect blend of comfort, speed, and<br />

efficiency.<br />

INTERNAL<br />

Total Interior Length:<br />

51 ft 3 in / 15.62 m<br />

Cabin Length (excluding baggage): 45 ft 2 in / 13.77 m<br />

Cabin Height:<br />

6 ft 4 in / 1.93 m<br />

Cabin Width:<br />

7 ft 11 in / 2.41 m<br />

Cabin Volume:<br />

1,884 cu ft / 53.35 cu m<br />

Baggage Compartment (usable volume):175 cu ft / 4.96 cu m<br />

DESIGN STANDARDS<br />

Avionics:<br />

Gulfstream Symmetry Flight Deck<br />

Engines:<br />

Two Pratt & Whitney Canada PW815GA<br />

Rated Takeoff Thrust (each): 15,680 lb / 69.75 kN<br />

Passengers (Typical Outfitting):<br />

Up to 19 / 4 Crew<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 85


ASIA PACIFIC<br />

86<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


<strong>2015</strong> OVERVIEW: FLEET AGE & REGISTRATION<br />

The vast majority (63.2%) of the business jets in the Asia Pacific region were manufactured in 2006 or<br />

later i.e. are 10 years old or less. Only Cessna, Bombardier and Boeing have more than 30% of their<br />

Asia Pacific Region fleet which is older than 10 years old. 55% of Cessna’s fleet is older than 10 years,<br />

40% of Bombardier’s and 36% of Boeing’s.<br />

The business jet fleet in Greater China is very young – 87% of the aircraft based in Hong Kong are less<br />

than 10 years old and 78% of the aircraft based in Mainland China are less than 10 years old. For<br />

Japan, the percentage less than 10 years old is 87%, Taiwan 73%, South Korea 70% and New Zealand<br />

67%, which also illustrates the newness of business aviation in these various markets.<br />

Looking at the average age of markets and fleets, Hong Kong has the youngest fleet with an average<br />

year of manufacture (YOM) of 2010 and Australia has the oldest with an average YOM of 1997. For<br />

the OEMs, Embraer has the youngest fleet with an average YOM of 2010 and Cessna has the oldest<br />

fleet with an average YOM of 2001.<br />

The top 4 registrations in the Asia Pacific region are China, the USA, Australia and India. Not including<br />

the US, the top registrations match the top business jet markets, with 23% of the Asia Pacific Region<br />

fleet being Chinese registered, 14% Australian and 13% Indian.<br />

However, a US registration (“N” registered aircraft) is still the most popular with aircraft based in 15<br />

countries across the Asian Pacific region. The next most popular foreign registries are Cayman, Isle<br />

of Man and Bermuda. The appeal of these registration are their low costs, ease of registration and<br />

operation flexibility.<br />

ASIA PACIFIC BUSINESS REGION BUSINESS JET FLEET JET REPORT FLEET REPORT – YEAR <strong>EN</strong>D – YEAR <strong>2015</strong> <strong>EN</strong>D <strong>2015</strong> 87


ASIA PACIFIC REGION<br />

<strong>Fleet</strong> Age Distribution – Asia Pacific<br />

1,134 Total<br />

100<br />

90<br />

80<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

88<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Age Distribution by OEM<br />

by Year of Manufacture<br />

Airbus – 34 in Total<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Boeing – 33 in Total<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

30<br />

25<br />

20<br />

15<br />

10<br />

5<br />

0<br />

Bombardier – 306 in Total<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Cessna – 220 in Total<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 89


ASIA PACIFIC REGION<br />

Dassault – 91 in Total<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Embraer – 69 in Total<br />

20<br />

15<br />

10<br />

5<br />

0<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Gulfstream – 264 in Total<br />

45<br />

40<br />

35<br />

30<br />

25<br />

20<br />

15<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Hawker – 98 in Total<br />

90<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Age Distribution by Region<br />

by Year of Manufacture<br />

China – 300 in total<br />

ASIA PACIFIC REGION<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Hong Kong – 132 in total<br />

20<br />

10<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 91


ASIA PACIFIC REGION<br />

Taiwan – 22 in Total<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Macau – 12 in Total<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Japan – 49 in Total<br />

5<br />

0<br />

South Korea – 20 in Total<br />

5<br />

0<br />

20<br />

15<br />

10<br />

5<br />

0<br />

India – 145 in Total<br />

Thailand – 33 in Total<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

92<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

5<br />

0<br />

Philippines – 49 in Total<br />

Indonesia – 52 in Total<br />

Singapore – 63 in Total<br />

10<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

Malaysia – 46 in Total<br />

5<br />

0<br />

1965<br />

1966<br />

1967<br />

1968<br />

1969<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011<br />

2012<br />

2013<br />

2014<br />

<strong>2015</strong><br />

10<br />

5<br />

0<br />

Australia – 184 in Total<br />

15<br />

10<br />

5<br />

0<br />

New Zealand – 12 in Total<br />

5<br />

0<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 93


ASIA PACIFIC REGION<br />

FLEET REGISTRATIONS – ASIA PACIFIC REGION<br />

USA (N)<br />

Japan (JA)<br />

South Korea (HL)<br />

India (VT-)<br />

Bangladesh (S2-)<br />

Taiwan (B-XXXXX)<br />

Hong Kong (B-K/B-LXX)<br />

Macau (B-MXX)<br />

China (B-XXXX)<br />

Philippines (RP-C)<br />

Thailand (HS-)<br />

Myanmar (XY,XZ)<br />

Papua New Guinea (P2-)<br />

Indonesia (PK-)<br />

Malaysia (9M-)<br />

Brunei (V8-)<br />

10 (20%)<br />

39 (80%)<br />

Japan<br />

South Korea<br />

India<br />

2 (1%)<br />

20 (100%)<br />

147 (97%)<br />

Bangladesh<br />

1 (33%)<br />

Brunei<br />

28 (9%)<br />

1<br />

254 (85%)<br />

3 (100%)<br />

China<br />

Base Country<br />

Macau<br />

Taiwan<br />

Hong Kong<br />

Myanmar<br />

Thailand<br />

8 (67%)<br />

1 (8%)<br />

7 (32%) 13 (59%)<br />

49 (37%)<br />

24 (18%)<br />

5 (15%)<br />

1 (5%)<br />

4 (3%)<br />

1 (100%)<br />

27 (82%)<br />

1 (1%)<br />

2 (67%)<br />

Cambodia<br />

Malaysia<br />

Philippines<br />

22 (48%)<br />

10 (20%)<br />

2 (4%)<br />

1 (2%)<br />

37 (73%)<br />

1 (2%)<br />

13 (28%)<br />

Singapore<br />

Indonesia<br />

36 (57%)<br />

13 (25%)<br />

1 (2%)<br />

1 (2%)<br />

32 (62%)<br />

3 (100%)<br />

Papua New Guinea<br />

24 (13%)<br />

Australia<br />

4 (33%)<br />

New Zealand<br />

New Caledonia<br />

1 (100%)<br />

Samoa<br />

% of fleet 19% 3% 2% 13% 1% 3% 23% 3% 2% 3% 1%<br />

94<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION<br />

Singapore (9V-)<br />

Bermuda (VP-B, VQ-B)<br />

Cayman Islands (VP-C)<br />

Isle of Man (M-)<br />

Austria (OE-)<br />

Aruba (P4-)<br />

Canada (C-)<br />

Denmark (OY-)<br />

Finland (OH-)<br />

France (F-)<br />

Luxemberg (LX-)<br />

Malta (9H-)<br />

Australia (VH-)<br />

New Zealand (ZK-)<br />

San Marino (T7-)<br />

Japan<br />

South Korea<br />

1 (1%)<br />

1 (1%)<br />

India<br />

2 (67%)<br />

Bangladesh<br />

6 (2%)<br />

8 (3%)<br />

1<br />

2 (1%)<br />

Brunei<br />

China<br />

1 (8%) 1 (8%)<br />

1 (8%)<br />

Macau<br />

33 (25%)<br />

11 (8%)<br />

1 (5%)<br />

4 (3%) 1 (1%)<br />

1 (3%)<br />

1 (1%)<br />

1 (1%) 3 (2%)<br />

Taiwan<br />

Hong Kong<br />

Myanmar<br />

Thailand<br />

Base Country<br />

1 (33%)<br />

Cambodia<br />

3 (7%)<br />

2 (4%) 2 (4%)<br />

1 (2%)<br />

Malaysia<br />

1 (2%)<br />

1 (2%)<br />

Philippines<br />

1 (2%) 6 (10%)<br />

1 (2%)<br />

4 (6%)<br />

2 (3%) 9 (14%)<br />

1 (2%) 1 (2%)<br />

Singapore<br />

1 (2%)<br />

4 (8%)<br />

2 (4%)<br />

Indonesia<br />

Papua New Guinea<br />

1 (1%)<br />

1 (1%)<br />

2 (1%) 3 (2%)<br />

153 (83%)<br />

Australia<br />

8 (67%)<br />

New Zealand<br />

1 (100%)<br />

New Caledonia<br />

Samoa<br />

2% 4% 2%<br />

1% 14% 1%<br />

% of fleet<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 95


ASIA PACIFIC REGION<br />

Popular Aviation Registrations – Asia Pacific Region<br />

Characteristics Comparison<br />

Country<br />

of<br />

Registration<br />

Cost of<br />

Registering<br />

an Aircraft<br />

Time for<br />

Registration<br />

(Weeks)<br />

Effective<br />

Import<br />

Taxes<br />

Ease<br />

of<br />

Financing<br />

Sale Value<br />

Attractiveness<br />

Internationally<br />

New AC Type<br />

Delay<br />

(Months)<br />

Crew<br />

Licensing<br />

& Training<br />

International<br />

Operational<br />

Flexibility<br />

AUSTRALIA<br />

Average<br />

Reasonable<br />

Low<br />

Good<br />

Good<br />

Reasonable<br />

Difficult<br />

Good<br />

AUSTRIA<br />

Medium<br />

Short<br />

None<br />

Good<br />

Good<br />

Short<br />

Medium<br />

Medium<br />

BERMUDA<br />

Average<br />

Reasonable<br />

None<br />

Good<br />

Good<br />

Short<br />

Easy<br />

Reasonable<br />

CAYMAN<br />

ISLANDS<br />

Average<br />

Reasonable<br />

None<br />

Good<br />

Good<br />

Short<br />

Easy<br />

Reasonable<br />

CHINA<br />

Average<br />

Very Long<br />

Very High<br />

Mostly Local<br />

Medium<br />

Very Long<br />

Very Difficult<br />

Medium<br />

HONG<br />

KONG<br />

Expensive<br />

Very Long<br />

None<br />

Good<br />

Good<br />

Long<br />

Difficult<br />

Medium<br />

INDIA<br />

Medium<br />

Long<br />

High<br />

Mostly Local<br />

Medium<br />

Long<br />

Very Difficult<br />

Medium<br />

INDONESIA<br />

Average<br />

Long<br />

High<br />

Restricted<br />

Low<br />

Reasonable<br />

Difficult<br />

Low<br />

ISLE OF<br />

MAN<br />

Average<br />

Reasonable<br />

None<br />

Good<br />

Good<br />

Short<br />

Reasonable<br />

Reasonable<br />

JAPAN<br />

Expensive<br />

Long<br />

Medium<br />

Good<br />

Good<br />

Long<br />

Very Difficult<br />

Medium<br />

KOREA<br />

Medium<br />

Medium<br />

None<br />

Reasonable<br />

Good<br />

Reasonable<br />

Medium<br />

Medium<br />

MALTA<br />

Reasonable<br />

Reasonable<br />

None<br />

Good<br />

Good<br />

Short<br />

Reasonable<br />

Medium<br />

MALAYSIA<br />

Average<br />

Reasonable<br />

High<br />

Mostly Local<br />

Good<br />

Medium<br />

Medium<br />

Medium<br />

NEW<br />

ZEALAND<br />

Reasonable<br />

Reasonable<br />

None<br />

Good<br />

Good<br />

Reasonable<br />

Medium<br />

Good<br />

PHILIPPINES<br />

Reasonable<br />

Reasonable<br />

High<br />

Restricted<br />

Low<br />

Medium<br />

Difficult<br />

Reasonable<br />

TAIWAN<br />

Reasonable<br />

Reasonable<br />

None<br />

Good<br />

Reasonable<br />

Long<br />

Medium<br />

Medium<br />

THAILAND<br />

Reasonable<br />

Medium<br />

Medium<br />

Mostly Local<br />

Reasonable<br />

Reasonable<br />

Reasonable<br />

Reasonable<br />

USA<br />

Average<br />

Short<br />

None<br />

Good<br />

Good<br />

Short<br />

Easy<br />

Good<br />

Applicable tax rates & regulations may change without notice and vary depending on the structure of the transaction, the timing<br />

and place of entering into agreements. It is therefore advised to retain professional advice before entering into any transaction.<br />

96<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 97


ASIA PACIFIC SUPPORT INFRASTRUCTURE BY OEM<br />

Airbus<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

Spare<br />

Parts<br />

Refurbishment<br />

Beijing Support Service Centre Beijing, China ●<br />

AMECO Beijing, China ACJ318/319 ●<br />

HNA Aviation Technik Haikou, China ACJ318/319/320 ● ●<br />

China Eastern Technik Shanghai, China ACJ318/319/320 ● ●<br />

STARCO Shanghai, China ACJ318/319/320 ● ●<br />

STAECO Jinan, China ACJ318/319/320 ● ●<br />

HAECO<br />

Xiamen, China<br />

ACJ318/319/320/<br />

321/330/340<br />

● ● ● ●<br />

HAECO Hong Kong ACJ319/320 ● ●<br />

CASL Hong Kong ● ● ●<br />

EVA Air - Evergreen Aviation<br />

Technologies<br />

Taoyuan, Taiwan ACJ318/319/320 ● ●<br />

Airbus India New Delhi, India ACJ318/319/320<br />

Airworks Mumbai, India ACJ320 ● ● ●<br />

Indamer Aviation Mumbai, India ACJ320 ● ●<br />

Lufthansa Technik Philippines Philippines ACJ319/320 ● ●<br />

Sepang Engineering Sepang, Malaysia ACJ318/319/320 ● ● ● ●<br />

ST Aerospace Singapore ACJ318/319/320 ● ●<br />

SIA Engineering Singapore ACJ318/319/320 ● ●<br />

AMSA Pinkenba, Australia ACJ319/320 ● ●<br />

Air New Zealand Auckland, New Zealand ACJ320 ● ●<br />

Hamilton Aero Maintenance Hamilton, New Zealand ACJ320 ● ●<br />

OEM Training Centres Worldwide<br />

Hamburg, Germany<br />

Toulouse, France<br />

Beijing, China<br />

Miami, Florida, USA<br />

Bangalore, India<br />

98<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Boeing<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Beijing Spare Distribution<br />

Centre<br />

Boeing Shanghai Aviation<br />

Service Co.<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

Beijing, China BBJ/BBJ2 ●<br />

Shanghai, China BBJ/BBJ2 ● ● ●<br />

AMECO Beijing, China BBJ/BBJ2 ● ●<br />

STARCO Shanghai, China BBJ ●<br />

STAECO Jinan, China BBJ ●<br />

HAECO<br />

Xiamen, China<br />

BBJ/BBJ2/BBJ3/<br />

BBJ777/BBJ747-8/<br />

BBJ787<br />

HAECO Hong Kong BBJ/BBJ2 ● ●<br />

SMECO Chengdu, China BBJ ●<br />

Spare<br />

Parts<br />

Refurbishment<br />

● ● ● ●<br />

Airworks Mumbai, India BBJ ● ●<br />

Indamer Aviation Mumbai, India BBJ ● ●<br />

<strong>Jet</strong> Aviation Singapore BBJ/BBJ2 ● ●<br />

ST Aerospace Singapore BBJ/BBJ2 ● ●<br />

SIA Engineering Singapore BBJ/BBJ2 ● ●<br />

AMSA Pinkenba, Australia BBJ ● ●<br />

Airwork Flight Operations Brisbane, Australia BBJ ● ●<br />

Air New Zealand Auckland, New Zealand BBJ ● ●<br />

OEM Training Centres Worldwide<br />

Seattle, Washington, USA<br />

Atlanta, Georgia, USA<br />

Miami, Florida, USA<br />

Mexico City, Mexico<br />

Stockholm, Sweden<br />

London Gatwick, UK<br />

Istanbul, Turkey<br />

Casablanca, Morocco<br />

Incheon, South Korea<br />

Gimpo, South Korea<br />

Shanghai, China<br />

Singapore<br />

Buenos Aires, Argentina<br />

Brisbane, Australia<br />

Sydney, Australia<br />

Melbourne, Australia<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 99


Bombardier<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

Beijing Airlines Beijing, China Learjet, Challenger and Global ●<br />

Shanghai Hawker Pacific Shanghai, China Global ●<br />

Execu<strong>Jet</strong> Haite<br />

Tianjin, China<br />

Learjet 60, Challenger 300,<br />

Challenger 605, Global<br />

Metrojet Hong Kong Challenger 300, Challenger 800, Global ● ●<br />

JAMCO Sendai, Japan Global ●<br />

Airworks<br />

Mumbai, India<br />

Learjet 60, Challenger 300,<br />

Challenger 605, Global<br />

Indamer Aviation Ahmadabad, India Global ●<br />

Execu<strong>Jet</strong> Malaysia<br />

Kuala Lumpur,<br />

Malaysia<br />

Challenger 300, Challenger 605,<br />

Challenger 800, Global<br />

●<br />

Spare<br />

Parts<br />

Refurbishment<br />

● ● ●<br />

Bombardier Service Centre Singapore Learjet, Challenger and Global ● ● ● ●<br />

Execu<strong>Jet</strong> Australia Sydney, Australia Learjet 40/45, Challenger 605, Global ● ● ●<br />

Execu<strong>Jet</strong> Australia Melbourne, Australia Challenger 605, Global ● ●<br />

●<br />

●<br />

OEM Training Centres Worldwide<br />

Amsterdam, Netherlands<br />

Montreal, Canada<br />

Burgess Hill, West Sussex, UK<br />

Dallas, Texas, USA<br />

Morristown, New Jersey, USA<br />

Toluca, Mexico<br />

Dubai, UAE<br />

100<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 101


Cessna<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Beijing Dingshi GA<br />

Beijing, China<br />

Citaiton Excel/ XLS, Citation Sovereign,<br />

Citation X<br />

Line<br />

Maintenance<br />

●<br />

Heavy<br />

Maintenance<br />

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

Shanghai Hawker Pacific<br />

Shanghai, China<br />

Citation Sovereign, Hawker<br />

750/800/850/900, Hawker 4000<br />

Okayama Air Service Okayama, Japan All Citation aircraft ● ●<br />

Airworks Mumbai, India Citation CJ1+, Citation CJ2/+ ● ●<br />

Mjets Bangkok, Thailand All Citation aircraft ● ●<br />

SR Aviation<br />

Kuala Lumpur,<br />

Malaysia<br />

Citation Bravo, Citation Sovereign ● ●<br />

●<br />

●<br />

●<br />

Spare<br />

Parts<br />

Refurbishment<br />

Cessna Service Centre Singapore All Citation and Hawker aircraft ● ● ● ●<br />

Hawker Pacific Asia<br />

Aeromil Pacific<br />

Singapore<br />

Bankstown, Australia<br />

Hawker 400XP, Hawker 700/750, Hawker<br />

800A/B, Hawker 850XP, Hawker 900XP<br />

All Citation aircraft ● ●<br />

Airflite Jandakot, Australia All Citation aircraft ● ●<br />

Execu<strong>Jet</strong> Australia<br />

Execu<strong>Jet</strong> Australia<br />

Execu<strong>Jet</strong> Australia<br />

Sydney, Australia<br />

Melbourne,<br />

Australia<br />

Perth, Australia<br />

Citation I, Citation II, Citation III, Hawker<br />

400XP, Hawker 700/750, Hawker 800A/<br />

B, Hawker 850XP, Hawker 900XP<br />

Citation I, Citation II, Citation III, Hawker<br />

400XP, Hawker 700/750, Hawker 800A/<br />

B, Hawker 850XP, Hawker 900XP<br />

Citation I, Citation II, Citation III, Hawker<br />

700/750, Hawker 800A/B, Hawker<br />

850XP, Hawker 900XP<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

OEM Training Centres Worldwide<br />

Fairbanks, Alaska, USA<br />

British Columbia, Canada<br />

Aurora, Oregon, USA Snohomish, Washington, USA<br />

Gig Harbor, Washington, USA<br />

Creswell, Oregon, USA<br />

Bend, Oregon, USA<br />

Kapolei, Hawaii USA<br />

Maui, Hawaii, USA<br />

Antwerp, Belgium<br />

Hradec Kralove, Czech Republic<br />

Zurich, Switzerland<br />

Riyadh, Saudi Arabia<br />

Seosan, South Korea<br />

New South Wales, Australia<br />

102<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Embraer<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

STAECO Jinan, China Legacy 600/650, Lineage 1000 ● ●<br />

Embraer China Aircraft<br />

Technical Services<br />

Beijing, China All Embraer models ●<br />

Execu<strong>Jet</strong> Haite Tianjin, China Legacy 600/650, Lineage 1000 ●<br />

China Eastern Shanghai, China Legacy 600/650 ●<br />

Metrojet Hong Kong Legacy 600/650, Lineage 1000 ●<br />

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

Indamer Aviation Mumbai, India Legacy 600/650 ●<br />

Indamer Aviation Hyderabad, India Legacy 600/650 ●<br />

Airworks Mumbai, India Phenom 100/300 ●<br />

Airworks<br />

Hosur, India<br />

Phenom 100/300, Legacy 600/650,<br />

Lineage 1000<br />

Airworks Chennai, India Phenom 100, Legacy 600/650 ●<br />

Hawker Pacific Asia<br />

Singapore<br />

Phenom 100/300, Legacy 500, Legacy<br />

600/650, Lineage 1000<br />

Execu<strong>Jet</strong> Singapore Singapore Legacy 600 ●<br />

WJA Aviation<br />

Execu<strong>Jet</strong> Australia<br />

Execu<strong>Jet</strong> Australia<br />

Execu<strong>Jet</strong> Australia<br />

Jakarta,<br />

Indonesia<br />

Sydney, Australia<br />

Melbourne,<br />

Australia<br />

Perth, Australia<br />

Legacy 600/650<br />

Phenom 100/300, Legacy 500, Legacy<br />

600/650, Embraer 135/145<br />

Phenom 100/300, Legacy 600/650, Embraer<br />

135/145<br />

Phenom 100/300, Legacy 600/650, Embraer<br />

135/145<br />

Airflite Perth, Australia Phenom 100 ●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

●<br />

Spare<br />

Parts<br />

Refurbishment<br />

●<br />

OEM Training Centres Worldwide<br />

Longbeach, California USA<br />

St. Louis, Missouri, USA<br />

Atlanta, Georgia, USA<br />

Houston, Texas, USA<br />

Paris, France<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 103


Falcon<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

Beijing Capital Airlines Beijing, China Falcon 7X ● ●<br />

Spares Depot - Beijing Beijing, China All Falcon Aircraft ●<br />

Shanghai Hawker Pacific<br />

Shanghai, China<br />

Falcon DX/EX/EX EASy/LX,<br />

Falcon 2000DX/EX EASy/LX/LXS/S,<br />

Falcon 7X<br />

●<br />

●<br />

Spare<br />

Parts<br />

Refurbishment<br />

<strong>Jet</strong> Aviation Hong Kong Falcon 900DX/EX EASy/LX, Falcon 7X ● ●<br />

Spares Depot - Hong Kong Hong Kong All Falcon Aircraft ●<br />

Ligare Aviation Engineering New Delhi, India Falcon 7X ●<br />

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

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

Siddhartha Logistics Mumbai, India All Falcon Aircraft ●<br />

Hawker Pacific Asia<br />

Singapore<br />

Falcon 10, Falcon 20/20-5, Falcon 50/EX,<br />

Falcon 200,<br />

Falcon 900/DX/EX/ EX EASy/LX,<br />

Falcon 2000/DX/EX/EX EASy/LX/LXS/S,<br />

Falcon 7X<br />

● ● ● ●<br />

Hawker Pacific Pty<br />

Bankstown,<br />

Australia<br />

Falcon 10, Falcon 20/20-5, Falcon 50/EX,<br />

Falcon 200,<br />

Falcon 900/DX/EX/ EX EASy/LX,<br />

Falcon 2000/DX/EX/EX EASy/LX/LXS/S,<br />

Falcon 7X<br />

● ● ●<br />

Execu<strong>Jet</strong> Australia Sydney, Australia<br />

Falcon 20, Falcon 50/EX, Falcon 900EX/EX<br />

EASy/DX<br />

●<br />

●<br />

Execu<strong>Jet</strong> Australia<br />

Melbourne,<br />

Australia<br />

Falcon 20, Falcon 50/EX, Falcon 900EX/EX<br />

EASy/DX<br />

●<br />

●<br />

Execu<strong>Jet</strong> Australia<br />

Perth, Australia<br />

Falcon 20, Falcon 50/EX, Falcon 900EX/EX<br />

EASy/DX<br />

●<br />

●<br />

OEM Training Centres Worldwide<br />

Colombus, Ohio, USA Wilmington, Delaware, USA<br />

Little Rock, Arkansas, USA<br />

Whippany, New Jersey, USA<br />

Teterboro, New Jersey, USA<br />

Fort Worth, Texas, USA Dallas, Texas, USA<br />

West Sussex, UK<br />

Bordeaux, France<br />

Merignac, France<br />

Dubai, UAE<br />

104<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Gulfstream<br />

Maintenance Service Centres – Asia Pacific Region<br />

Facility Location Aircraft Model<br />

Line<br />

Maintenance<br />

Heavy<br />

Maintenance<br />

Spare<br />

Parts<br />

Refurbishment<br />

Gulfstream Service Centre Beijing, China G-V, G200, G280, G450, G550 ● ● ● ●<br />

STAECO Jinan, China G450 ● ●<br />

Metrojet<br />

Hong Kong<br />

G-V, G-IV/GIV-SP, G100, G150, G200,<br />

G300, G350, G450, G550, G650<br />

●<br />

●<br />

<strong>Jet</strong> Aviation<br />

Hong Kong<br />

G-IV/GIV-SP, G100, G150, G200, G300/<br />

G400, G450, G500/550, G650<br />

●<br />

JAMCO<br />

Sendai, Japan<br />

G-V, G-IV/GIV-SP, G300/G400, G500/<br />

G550<br />

●<br />

●<br />

Airworks<br />

Mumbai, India<br />

G-V, G-IV/GIV-SP, G100, G200, G300/<br />

G400, G450, G500/G550<br />

●<br />

●<br />

Execu<strong>Jet</strong> Malaysia<br />

Kuala Lumpur,<br />

Malaysia<br />

G-IV, G200, G450 ● ●<br />

<strong>Jet</strong> Aviation Pte<br />

Singapore<br />

G-V, G-IV/GIV-SP, G100, G150, G200,<br />

G280, G300/G400, G450, G500/G550<br />

●<br />

●<br />

Execu<strong>Jet</strong> Australia<br />

Sydney, Australia<br />

G-V, G-IV, G300/G350, G450, G550,<br />

G650<br />

●<br />

●<br />

Execu<strong>Jet</strong> Australia<br />

Melbourne,<br />

Australia<br />

G-V, G-IV, G300/G350, G450, G550,<br />

G650<br />

●<br />

●<br />

Execu<strong>Jet</strong> Australia Perth, Australia G-V, G-IV, G300/G350, G450, G550 ● ●<br />

Execu<strong>Jet</strong> Australia<br />

Wellington,<br />

Australia<br />

G550, G650 ● ●<br />

OEM Training Centres Worldwide<br />

Farnborough, Hants, UK<br />

Colombus, Ohio, USA<br />

Dallas, Texas, USA Wilmington, Delaware, USA<br />

Long Beach, California, USA<br />

Savannah, Georgia, USA<br />

Hong Kong<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 105


106<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


FIXED-BASE OPERATORS (FBO) – ASIA PACIFIC REGION<br />

IASS<br />

AVJET Asia<br />

Flightrans <strong>Jet</strong><br />

AA Corporation<br />

C-jet FBO<br />

Beijing<br />

Seoul<br />

Okayama<br />

Kobe<br />

Nagoya<br />

Shizuoka<br />

Narita<br />

Okayama Air Service<br />

Kobe Air Center<br />

Nakanihon Air Service<br />

Chubu Centrair <strong>Business</strong> Aviation Terminal<br />

Fuji Dream Aviation Engineering<br />

IASS<br />

Aero Asahi<br />

Premier Gate <strong>Business</strong> Aviation Terminal<br />

New<br />

Delhi<br />

Mumbai<br />

Shanghai Hawker Pacific <strong>Business</strong> Aviation Centre Shanghai<br />

Shaurya Aeronanutics<br />

Shenzhen <strong>Business</strong> Aviation Terminal Shenzhen<br />

Deer <strong>Jet</strong><br />

Changsha<br />

Macau <strong>Business</strong> Aviation Centre<br />

Macau<br />

Deer <strong>Jet</strong> FBO<br />

Haikou<br />

ASE Handling<br />

Pattaya<br />

Taipei<br />

M<strong>Jet</strong>s<br />

Royal Skyways Bangkok<br />

Hong Kong<br />

Celebi Airport Services<br />

Sanya<br />

Eva Sky <strong>Jet</strong> Centre<br />

Taiwan Taoyuan <strong>Business</strong> Aviation Centre<br />

Executive Aviation FBO<br />

Hong Kong <strong>Business</strong> Aviation Centre<br />

Deer <strong>Jet</strong><br />

SkyPark<br />

AeroHandlers<br />

Smooth Route<br />

Nusantara Aviation Services<br />

<strong>Jet</strong> Aviation<br />

Wings Over Asia<br />

Hawker Pacific Asia<br />

IndoAsia Ground Services<br />

Kuala Lumpur<br />

Singapore<br />

Jarkarta<br />

Bali<br />

Execu<strong>Jet</strong> Indonesia<br />

Execujet<br />

Sydney<br />

Hawker Pacific<br />

Platinum <strong>Business</strong> Aviation Center<br />

Gold Coast<br />

Airflite<br />

Hawker Pacific<br />

Perth<br />

Hawker Pacific<br />

Calms<br />

Brisbrane<br />

Contrails<br />

Hawker Pacific<br />

Brisbane <strong>Jet</strong> Base<br />

Archerfield <strong>Jet</strong> Base<br />

Execujet<br />

Avia<br />

<strong>Jet</strong>City<br />

Ausjet<br />

Blue Demon Aviation<br />

Melbourne<br />

Air Center One<br />

SkyCare International<br />

Auckland<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 107


108<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Financing Institutions<br />

Name Office Location Finance Lease Operating Lease<br />

CIT International ● ●<br />

BNP Paribas International ●<br />

UBS International ●<br />

Citi Bank International ●<br />

Bank of America International ● ●<br />

Credit Suisse International ●<br />

Goldman Sachs International ●<br />

Global <strong>Jet</strong> Capital International ● ●<br />

SMBC Aviation Capital International ● ●<br />

Wells Fargo Bank Northwest, N.A. International ●<br />

LaserLine Lease Finance Corporation International ●<br />

Minsheng Bank China ● ●<br />

ICBC China ●<br />

Bank of China (BOC Aviation) China ●<br />

Industrial Bank China ● ●<br />

China Development Bank China ●<br />

China Merchants Bank China ● ●<br />

Agriculture Bank of China China ● ●<br />

Changjiang Leasing China ● ●<br />

AVIC Leasing China ●<br />

Shanghai Guojin Leasing China ●<br />

Anbang Insurance China ●<br />

China Huarong Financial Leasing China ●<br />

CITIC Futong China ●<br />

China Trust Taiwan ●<br />

Chailease Finance Taiwan ● ●<br />

ITC-Leasing, Inc. Japan ● ●<br />

Sumitomo Mitsui Finance and Lease Co., Ltd Japan ●<br />

Capital Finance Australia ●<br />

MACQUARIE Australia ●<br />

Westpac Australia ●<br />

ANZ Australia ●<br />

Commonwealth Bank of Australia Australia ● ●<br />

National Australia Bank Australia ●<br />

Legal Firms<br />

Involving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimise both costs and potential problems<br />

relating to the aircraft for the long run. Aircraft transactions are complicated and involve a sizable number of documents, including sales and<br />

purchase agreement, financing agreement, aircraft management agreement, and all specification, registration, and importation documents, just<br />

to name a few. Due to the unique nature of aircraft transactions, industry experts and specialists in both the legal and commercial aspects of<br />

transactions will be needed to scrutinise each transaction to ensure that seller or buyer’s legal interests are best protected and the best commercial<br />

terms are obtained.<br />

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

Law Firm Region Law Firm Region<br />

Herbert Smith Freehills Australia Shook Lin & Bok Indonesia<br />

Allens Australia Makarim & Taira S. Indonesia<br />

Minter Ellison Australia Bae, Kim & Lee Korea<br />

Allen & Overy LLP Australia Kim & Chang Korea<br />

King & Wood Mallesons Australia and China Lee & Ko Korea<br />

Run Ming Law Offices China Yulchon LLC Korea<br />

Jun He Law Offices China Yoon & Yang LLC Korea<br />

Clifford Chance Hong Kong Bell Gully New Zealand<br />

Clyde & Co Hong Kong Chapman Tripp New Zealand<br />

Bird & Bird Hong Kong Russell McVeagh New Zealand<br />

Holman Fenwick William Hong Kong Appleby Offshore<br />

Mayer Brown JSM Hong Kong Bedell Cristin Offshore<br />

Stephenson Harwood Hong Kong Carey Olsen Offshore<br />

William K K Ho & Co. Hong Kong Conyers Dill & Pearman Offshore<br />

Lee and Li Taiwan Harney Westwood & Riegels Offshore<br />

Tsar & Tsai Law Firm Taiwan Maples and Calder Offshore<br />

Bhasin & Co India Mourant Ozannes Offshore<br />

Wadia Ghandy & Co India Walkers Offshore<br />

Gagrats India SyCip Salazar Hernandez & Gatmaitan Philippines<br />

Mulla & Mulla & Craigie Blunt & Caroe India Hogan Lovells Singapore<br />

Anderson Mori & Tomotsune Japan Milbank Singapore<br />

Nagashima Ohno & Tsunematsu Japan Watson Farley & Williams Singapore and Hong Kong<br />

Nishimura & Asahi Japan Siam Premier Thailand<br />

Squire Sanders<br />

Japan<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 109


INTERIOR COMPLETION C<strong>EN</strong>TRES<br />

Elliott Aviation<br />

Gulfstream Completion Centre<br />

Standard Aero Associated Air Centre<br />

Flying Colours<br />

<strong>Jet</strong> Aviation<br />

Duncan Aviation<br />

Hillaero Modification Centre<br />

Asociated Air Center<br />

Embraer Completion Centre<br />

Cascade Aerospace<br />

Flying Colours<br />

Innotech Aviation<br />

Bombardier Aerospace<br />

Bombardier Aerospace<br />

USA<br />

Canada<br />

Comlux Completion<br />

PATS Aircraft Systems<br />

Greenpoint Technologies<br />

Cessna Completion Centre<br />

Aeria Luxury Interiors<br />

GDC Technics<br />

L-3 Platform Integration<br />

Aloft AeroArchitects<br />

Dassault Falcon <strong>Jet</strong><br />

Embraer Completion Centre<br />

Brazil<br />

New Zealand<br />

Altitude Aerospace Interiors<br />

110<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


Fokker Air Services<br />

Lufthansa Technik<br />

Russia<br />

Kvand Aircraft Interiors<br />

Netherlands<br />

Germany<br />

France<br />

Switzerland<br />

Italy<br />

Delta Interior Design<br />

SR Technics<br />

Amac Aerospace<br />

<strong>Jet</strong> Aviation<br />

HAECO<br />

China<br />

Airbus Corporate <strong>Jet</strong> Centre<br />

JCB Aero<br />

Sabena Technics<br />

Air France Industries<br />

Flying Colours<br />

ST Aerospace<br />

Singapore<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 111


OEM Completion Centres<br />

NAME<br />

Airbus Corporate <strong>Jet</strong> Centre<br />

Bombardier Aerospace<br />

Dassault Falcon <strong>Jet</strong><br />

Embraer Completion Centre<br />

Gulfstream Service Centres<br />

Cessna Completion Centre<br />

AIRCRAFT CAPABILITIES<br />

Airbus ACJs<br />

Bombardier<br />

Falcon<br />

Embraer<br />

Gulfstream<br />

Cessna<br />

Independent Completion Centres<br />

NAME<br />

AIRCRAFT CAPABILITIES<br />

Aeria Luxury Interiors<br />

Airbus ACJs, Boeing BBJs<br />

Altitude Aerospace Interiors<br />

Boeing BBJs<br />

AMAC Aerospace<br />

Boeing BBJs, Airbus ACJs<br />

Associated Air Center<br />

Boeing BBJs<br />

Air France Industries<br />

Boeing BBJs<br />

Aloft AeroArchitects<br />

Boeing BBJs<br />

Cascade Aerospace<br />

Boeing BBJs<br />

Comlux Completion<br />

Airbus ACJs, Boeing BBJs<br />

Delta Interior Design<br />

Airbus ACJs, Boeing BBJs<br />

Duncan Aviation<br />

Falcon, Gulfstream, Global, Challenger, Hawker, Learjet, Citation, Embraer, King Air, Astra, Westwind<br />

Elliott Aviation<br />

Hawker, Beechjet, Bombardier<br />

Fokker Aircraft Services B.V.<br />

Boeing BBJs<br />

Flying Colours Corporation<br />

Bombardier Learjet, Challenger and Global<br />

GDC Technics<br />

Boeing BBJs, Airbus ACJs<br />

Greenpoint Technologies<br />

Boeing BBJs<br />

Innotech Aviation<br />

Bombardier Challenger and Global<br />

HAECO Hong Kong<br />

Boeing BBJs<br />

HAECO Xiamen<br />

Airbus ACJs, Boeing BBJs<br />

Hillaero Modification Centre<br />

Learjet, King Air, Citation, Pilatus, Hawker, Beechjet, Diamond, Falcon, TBM, Meridian, Westwind<br />

JCB Aero<br />

Airbus ACJs, Boeing BBJs<br />

<strong>Jet</strong> Aviation<br />

Airbus ACJs, Boeing BBJs, Bombardier, Gulfstream, Falcon, Hawker<br />

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

Lufthansa Technik<br />

Airbus ACJs, Boeing BBJs<br />

PATS Aircraft Systems<br />

Boeing BBJs, Embraer<br />

Sabena Technics<br />

Airbus, ATR, Boeing, Bombardier, Embraer, Fokker<br />

SR Technics<br />

Airbus ACJs, Boeing BBJs<br />

ST Aerospace<br />

Airbus ACJs, Boeing BBJs<br />

Standard Aero Associated Air Centre Airbus ACJs, Boeing BBJs<br />

112<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 113


Eric Gillespie,<br />

Vice President<br />

<strong>Business</strong> Development<br />

Flying Colours Corp. has built an international reputation since founder John<br />

Gillespie repainted his first King Air just over thirty years ago. It is now a global<br />

aviation company providing a service led by the core philosophies of technical<br />

innovation, business integrity and service flexibility. This has underpinned the<br />

work ethic at the family owned-and-run business. At its Peterborough, Ontario<br />

headquarters in Canada the company specializes in green completions, interior<br />

refurbishment, maintenance, component services, avionics installations and<br />

upgrades and, staying loyal to its roots, exterior paint work.<br />

In <strong>2015</strong>, the company launched Flying Colours Corp. Asia PTE when Bombardier<br />

Aerospace selected the company to provide full service interior refurbishment<br />

capabilities on Learjet, Challenger and Global business jets at Bombardier’s<br />

wholly owned Singapore Service Centre located at Seletar Airport in Singapore.<br />

“The local facility brings real benefits to aircraft owners and operators in the<br />

region who no longer have to experience lengthy downtimes whilst aircraft are<br />

sent to Europe or the USA for interior upgrades. With our local base we are<br />

fulfilling a strong market demand,’ says Eric Gillespie, VP <strong>Business</strong> Development.<br />

Since opening, the facility has worked on over 50 aircraft supporting a range of<br />

projects including refurbishing and refinishing woodwork and cabinetry, repairing<br />

and restoring upholstery, and upgrading interior furnishings. The aim is to<br />

employ a mainly local workforce with each employee benefiting from a specially<br />

developed three-month training program in Canada. Through additional on-<br />

114<br />

ASIA PACIFIC ASIA REGION PACIFIC BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


the-job training and specific aircraft project-led work, it is<br />

expected employees will then become proficient in all the<br />

interior skills currently provided by Flying Colours. “We<br />

are always looking for the right candidates and are keen<br />

to ensure their development. Right now the skills needed<br />

to deliver the quality expected for Bombardier aircraft are<br />

rare, which is why we wanted to recruit team members who<br />

really understood the challenges and could rise to them,”<br />

said Gillespie.<br />

Flying Colours has extensive experience in Asia. It has<br />

completed or refurbished for Asian clients over 30 aircraft<br />

of the certification paperwork, registration process, STCs<br />

and extensive modification knowledge complements our<br />

partnership and supports our ambitions to further develop<br />

our business in the region,” says Gillespie. The next three<br />

aircraft are currently in process and are expected to be<br />

finished by the autumn.<br />

The final five will be redelivered in a Flying Colours CRJ<br />

ExecLiner VIP format with a 15 seat configuration, a<br />

style mirroring a Bombardier Challenger 850. The CRJ<br />

ExecLiner is a format developed by Flying Colours that has<br />

already proved popular in the Asian region with a dozen<br />

in the last four years, including a number of special<br />

mission projects. In 2014 it confirmed its strong position<br />

in the Asian market when it announced a joint venture with<br />

China-based Sparkle Roll Technik Co., Ltd. (“SRT”), a total<br />

technical solution provider for business aviation based<br />

out of Beijing, China. The partnership launched with the<br />

ambition of converting eight B-registered CRJ-200 regional<br />

jets into VIP configurations.<br />

The first of the aircraft has just been completed with a<br />

mixed class shuttle format. Sparkle Roll and Flying Colours<br />

jointly created the striking cabin, incorporating black<br />

furnishings and rose gold accents. The cabin has been<br />

divided into three separate areas incorporating a 20-seat<br />

economy section, a central two double club layout, and a<br />

three seat divan alongside a double club business class<br />

seat in the front cabin. An aft lavatory and small forward<br />

galley complete the layout.<br />

The Chinese Civil Aviation Authority (CAAC) awarded a<br />

new STC for the format and certified the B registered<br />

aircraft. “As far as we know, this is the first time that a<br />

B-registered aircraft has been reconfigured outside of<br />

China and then returned on the same registry with all the<br />

approvals obtained outside of China. Our understanding<br />

of the aircraft type already delivered. The VIP jets will<br />

incorporate an advanced inflight entertainment system<br />

and the installation of a supplemental fuel auxiliary system<br />

engineered by Flying Colours Corp. specifically for CRJ<br />

conversions.<br />

During the conversions, a team of three SRT technicians<br />

have been, and will continue to be, present on site in<br />

Canada to learn the skills and techniques required to<br />

complete the cabin to the high standards expected by<br />

private jet passengers. ”We think it’s important to share<br />

our technical expertise with our partners in Asia. The<br />

region has huge potential and we are proud to continue to<br />

strengthen the human resource infrastructure.”<br />

Looking to the future, Flying Colours Corp. continues to<br />

bolster its team with new sales, engineering and technical<br />

representatives joining on a regular basis. “We have a<br />

unique position in the aviation environment and we intend<br />

to continue growing our Asian customer base whilst,<br />

of course, remaining focused on our existing loyal and<br />

valuable customers,” concludes Gillespie.<br />

ASIA PACIFIC REGION BUSINESS BUSINESS JET FLEET JET REPORT FLEET REPORT – YEAR <strong>EN</strong>D – YEAR <strong>2015</strong> <strong>EN</strong>D <strong>2015</strong> 115


ASIA PACIFIC CHARTER AVAILIABILITY<br />

India<br />

China<br />

Australia<br />

Thailand<br />

Hong Kong<br />

Singapore<br />

Indonesia<br />

Japan<br />

Taiwan<br />

Malaysia<br />

South Korea<br />

New<br />

Zealand<br />

Macau<br />

Philippines<br />

Total<br />

Corp.<br />

Airliner<br />

(28)<br />

Long<br />

Range<br />

(53)<br />

Large<br />

(72)<br />

Medium<br />

(59)<br />

Challenger 850 3 4 1 3 1 12<br />

BBJ 4 2 1 7<br />

ACJ319 1 1 1 3<br />

ACJ318 1 1 1 3<br />

B727-100 1 1<br />

RJ70 1 1<br />

Lineage 1000 1 1<br />

Gulfstream G550 1 11 2 2 1 17<br />

Global Express/XRS 3 2 5 1 1 1 13<br />

Global 6000 2 2 2 6<br />

Gulfstream G650 1 4 1 6<br />

Global 5000 1 1 2 1 1 6<br />

Gulfstream V 1 1 1 3<br />

Falcon 7X 1 1 2<br />

Legacy 600/650 6 3 1 1 6 1 18<br />

Challenger 604 4 2 8 14<br />

Gulfstream G450 7 1 1 1 1 11<br />

Gulfstream IV/SP 2 2 1 1 6<br />

Challenger 605 1 2 1 1 1 6<br />

Falcon 2000 4 1 5<br />

Challenger 600/601 3 1 4<br />

Falcon 2000LX/LXS 2 1 3<br />

Falcon 900DX/EX 1 1<br />

Falcon 2000EX/EASy 1 1<br />

Falcon 900LX 1 1<br />

Gulfstream G300 1 1<br />

Falcon 900/C 1 1<br />

Hawker 800A/B/XP/XPI 3 3 2 1 1 10<br />

Hawker 850XP 6 1 1 2 10<br />

Gulfstream G200 1 2 4 3 10<br />

Hawker 900XP 2 2 1 4 9<br />

Challenger 300 3 2 1 6<br />

Citation Sovereign 3 2 5<br />

Citation X/+ 2 2 4<br />

Gulfstream G100 1 1<br />

Gulfstream G150 1 1<br />

Hawker 750 1 1<br />

Gulfstream G280 1 1<br />

Hawker 1000B 1 1<br />

116<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


India<br />

China<br />

Australia<br />

Thailand<br />

Hong Kong<br />

Singapore<br />

Indonesia<br />

Japan<br />

Taiwan<br />

Malaysia<br />

South Korea<br />

New<br />

Zealand<br />

Macau<br />

Philippines<br />

Total<br />

Light<br />

(28)<br />

Very<br />

Light<br />

(10)<br />

Citation VI/VII 2 1 1 4<br />

Hawker 400/A/XP 1 2 1 4<br />

Citation CJ2 1 1 2<br />

Citation V 2 2<br />

Citation Bravo 2 2<br />

Citation Excel 2 2<br />

Citation III 2 2<br />

Learjet 45/XR 1 1<br />

Citation CJ2+ 1 1<br />

Sabreliner 65 1 1<br />

Citation CJ3 1 1<br />

Learjet 35/A 1 1<br />

Citation CJ4 1 1<br />

Nextant 400XT/XTi 1 1<br />

Citation Encore+ 1 1<br />

Citation XLS/XLS+ 1 1<br />

Citation Ultra 1 1<br />

Citation CJ1 1 1 2<br />

Citation Mustang 1 1<br />

Premier I 1 1<br />

Citation CJ1+ 1 1<br />

Learjet 24A/E/F 1 1<br />

Citation I 1 1<br />

Premier IA 1 1<br />

Citation I/SP 1 1<br />

Citation II/SP 1 1<br />

Total 56 49 42 19 19 17 15 12 7 6 3 2 2 1 250<br />

% of Total 22% 20% 17% 8% 8% 7% 6% 5% 3% 2% 1% 1% 1%<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 117


118<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


AIRCRAFT MODELS POSITIONING<br />

Aircraft Total Yearly Cost vs Maximum Range<br />

20<br />

19<br />

18<br />

17<br />

16<br />

15<br />

ACJ321<br />

ACJ320<br />

BBJ3<br />

BBJ2<br />

ACJ319<br />

14<br />

13<br />

12<br />

11<br />

10<br />

ACJ318<br />

Lineage 1000E<br />

Global 6000<br />

Global 5000<br />

BBJ<br />

G550<br />

G650ER<br />

G650<br />

9<br />

G500<br />

F8X<br />

Estimated Total Yearly Cost (Million USD/Year)<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

L45XR<br />

Phenom 300<br />

L40XR<br />

Cit. Excel<br />

Cit. Encore+<br />

Cit. CJ3<br />

Diamond 1A<br />

Cit. Bravo<br />

H400XP<br />

Beechjet 400A<br />

Premier IA<br />

CL890 CS<br />

CL870 CS<br />

Cit. X+<br />

Legacy 500<br />

CL300<br />

Cit. X<br />

Cit. Sovereign+<br />

Cit Latitude<br />

Legacy 450<br />

Cit. XLS+<br />

L75<br />

L70<br />

Cit. M2<br />

CL850<br />

CL350<br />

G150<br />

Cit. Sovereign<br />

Legacy 600<br />

G280<br />

Nextant 400XTi<br />

Cit. Ultra<br />

G350<br />

G300<br />

F2000<br />

G450<br />

Legacy 650<br />

F2000LXS<br />

F50EX<br />

G200<br />

H4000<br />

L60XR H900XP<br />

H850XP<br />

Cit. VII<br />

H800XP<br />

H800<br />

G100<br />

Cit. CJ4<br />

Cit. CJ3+ Cit. XLS<br />

Astra SP<br />

Cit. CJ2+<br />

Cit. Encore<br />

CL605<br />

F900LX<br />

F900EX EASy<br />

F900EX<br />

F2000S<br />

F2000LX<br />

G-IVSP<br />

F2000DX<br />

G-IV<br />

CL604<br />

F2000EX<br />

F7X<br />

Global Express XRS<br />

Global Express<br />

G-V<br />

Corp. Airliner<br />

Long Range<br />

Cit. CJ1<br />

Cit. CJ2<br />

Large<br />

Phenom 100E<br />

Medium<br />

Honda<strong>Jet</strong><br />

Light<br />

Cit. CJ1+<br />

Cit Mustang<br />

Very Light<br />

Eclipse 550<br />

1<br />

0 1000 2000 3000 4000 5000 6000 7000 8000<br />

Max. Range (N.M.)<br />

* Total Yearly Cost estimated includes Conklin & de Decker <strong>2015</strong> industrial figures for aircraft acquisition cost on 10<br />

years, plus yearly operating cost, plus adjustments to account for regional differences and financing costs.<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 119


REC<strong>EN</strong>T & UPCOMING AIRCRAFT MODELS<br />

By Maximum Range<br />

Maximum NBAA IFR Range (N.M.)<br />

9000<br />

8000<br />

7000<br />

6000<br />

5000<br />

4000<br />

3000<br />

2000<br />

1000<br />

Citation M2<br />

Citation X+<br />

Legacy 500<br />

Challenger 350<br />

Nextant 400XTi<br />

G650ER<br />

Recent<br />

Delivery<br />

Challenger 650<br />

Citation Latitude<br />

Hondajet<br />

Legacy 450<br />

Upcoming<br />

Sukhoi SBJ<br />

ACJ319neo<br />

BBJ MAX 8<br />

Falcon 8X<br />

BBJ MAX 9<br />

G500<br />

Falcon 5X<br />

Citation Longitude<br />

Learjet 85<br />

PC-24<br />

Cirrus Vision SF50<br />

Global 8000<br />

Global 7000<br />

G600<br />

ACJ320neo<br />

0<br />

2014<br />

<strong>2015</strong><br />

2016<br />

2017<br />

2018<br />

2019<br />

2020<br />

Expected First Delivery Year<br />

By Cabin Volume<br />

8192<br />

Recent<br />

Delivery<br />

Upcoming<br />

Sukhoi SBJ<br />

BBJ MAX 8<br />

BBJ MAX 9<br />

4096<br />

Global 7000<br />

2048<br />

G650ER<br />

ACJ319neo<br />

ACJ320neo<br />

Global 8000<br />

Cabin Volume (ft3)<br />

1024<br />

512<br />

Challenger 350<br />

Citation X+<br />

Challenger 650<br />

Legacy 500<br />

Legacy 450<br />

Citation Latitude<br />

Falcon 8X<br />

Falcon 5X<br />

G500<br />

Citation Longitude<br />

Learjet 85<br />

PC-24<br />

G600<br />

256<br />

Nextant 400XTi<br />

Hondajet<br />

Cirrus Vision<br />

SF50*<br />

Citation M2<br />

128<br />

2014<br />

<strong>2015</strong><br />

2016<br />

2017<br />

2018<br />

2019<br />

2020<br />

Expected First Delivery Year<br />

* Estimated Cabin Volume<br />

120<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong>


PRE-OWNED AIRCRAFT FOR SALE<br />

Pre-owned <strong>Business</strong> <strong>Jet</strong> Global Availability– % of <strong>Fleet</strong> for Sale<br />

15%<br />

14%<br />

13%<br />

12%<br />

11%<br />

Hawker<br />

Bombardier<br />

Gulfstream<br />

Embraer<br />

Dassault<br />

Cessna<br />

10%<br />

9%<br />

Boeing<br />

Airbus<br />

8%<br />

7%<br />

6%<br />

Jan-<strong>2015</strong> Feb-<strong>2015</strong> Mar-<strong>2015</strong> Apr-<strong>2015</strong> May-<strong>2015</strong> Jun-<strong>2015</strong> Jul-<strong>2015</strong> Aug-<strong>2015</strong> Sep-<strong>2015</strong> Oct-<strong>2015</strong> Nov-<strong>2015</strong> Dec-<strong>2015</strong><br />

Pre-owned <strong>Business</strong> <strong>Jet</strong> for Sale Global Availability– Average Days on Market<br />

600<br />

550<br />

500<br />

450<br />

400<br />

350<br />

300<br />

Hawker<br />

Bombardier<br />

Gulfstream<br />

Embraer<br />

Dassault<br />

Cessna<br />

Boeing<br />

Airbus<br />

250<br />

200<br />

Jan-<strong>2015</strong> Feb-<strong>2015</strong> Mar-<strong>2015</strong> Apr-<strong>2015</strong> May-<strong>2015</strong> Jun-<strong>2015</strong> Jul-<strong>2015</strong> Aug-<strong>2015</strong> Sep-<strong>2015</strong> Oct-<strong>2015</strong> Nov-<strong>2015</strong> Dec-<strong>2015</strong><br />

Source: <strong>Jet</strong>Net<br />

ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2015</strong> 121


The information contained in this report is provided free of charge for reference only. While such information was compiled using the best<br />

available data as of December <strong>2015</strong>, <strong>ASG</strong> makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability,<br />

or suitability of such information. <strong>ASG</strong> is not responsible for, and expressly disclaims any and all liability for damages of any kind, either direct or<br />

indirect, arising out of use, reference to, or reliance on any information contained within this report.<br />

ASIAN SKY GROUP<br />

THANKS TO<br />

Suite 3905, Far East Finance Centre,<br />

16 Harcourt Road<br />

Admiralty, Hong Kong<br />

Telephone +852 2235 9222<br />

Facsimile +852 2528 2766<br />

www.asianskygroup.com

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