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ASG Business Jet Fleet Report 2015 EN

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<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

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