ASG Business Jet Fleet Report 2015 EN
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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>
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