ASG Business Jet Fleet Report 2015 EN
GREATER CHINA Hongkong Jet 2013 7 2014 12 2015 17 1 1 1 2 2 3 1 1 3 1 1 1 1 1 2 1 1 1 1 3 1 2 2 1 1 ACJ318 ACJ319 BBJ Challenger 605 Global 5000 Global Express XRS Falcon 7X Legacy 650 Lineage 1000 Gulfstream G450 Gulfstream G550 Gulfstream G650 China Eastern 2013 14 2014 16 2015 14 1 1 5 5 3 2 3 3 3 3 1 1 1 1 1 1 1 1 1 1 2 1 1 1 ACJ318 Challenger 300/350 Global Express XRS Citation Sovereign/+ Falcon 2000LX Legacyy 650 Gulfstream G200 Gulfstream G450 Gulfstream G550 Hawker 800A/B/ 800XP/XPI/125-1A Lily Jet 2013 11 2014 12 2015 13 2 2 2 1 1 1 5 4 5 1 1 1 1 1 1 1 1 1 1 1 2 Challenger 604 Challenger 605 Challenger 800/850 CRJ200 VIP Global 5000 Global Express Global Express XRS Gulfstream G200 Global Jet 1 1 2 1 1 1 1 1 2 1 1 1 1 1 1 1 2013 4 2014 6 2015 8 ACJ319 Falcon 2000LX/LXS Falcon 7X Global 6000 Global Express XRS Gulfstream G450 Gulfstream G650 56 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015
2015 Growth & 2016 Forecast GREATER CHINA The Greater China market has seen its business jet fleet growth rate decline for 3 consecutive years now – from a high achieved in 2012 of almost 50% growth, to a mere 6.6% in 2015There are early signs from 2016 though that business aviation activity levels are picking up: • ASG’s market survey for its 1st quarter 2016 “Quarterly” magazine, saw 33% of the respondents from Greater China report that their aircraft utilisation had increased versus the last quarter of 2015. Also those reporting their aircraft utilisation decreased shrunk to 39% versus 49%. • Business aviation activity levels at Shanghai’s 2 airports – Pudong & Hongqiao – are up over 30% versus a year ago. January & February 2016 were the strongest start to a year ever with nearly 900 movements. Examining the growth in Greater China further, it is essentially Hong Kong & Taiwan propping up the numbers in 2015 with 14% and 16% growth respectively. China’s growth itself was a mere 3.8% in 2015, down from 26% in 2013, and Macau contracted by reducing its fleet by 1 aircraft. The OEM with the highest fleet growth in Greater China in 2015 was Boeing with 36%, and the only OEM who grew more in 2015 than in 2014 was Airbus with its fleet increasing 16%. Given these 2 growth rates, it is no surprise that the ‘corporate airliner’ size category was one of the highest growing segment in 2015 at 11%. But the facts above are not necessarily good news for business jet sales in Greater China and in ASG’s opinion, don’t project well for 2016 and on. Business jet fleet growth in Greater China in the past came from the ‘long range’ and ‘large’ size market segments, not the ‘corporate airliner’ one. In particular, growth used to come from the G550s, Falcon 7Xs, Global 6000s and G450s being added to the fleet, not ACJs and BBJs. But in 2015, the markets for G550s and F7Xs were stagnant, the G450 only added 5 aircraft, and although the Global 6000 had 7 net additions, it alonecould not make up for the ground lost in other markets. ASG sees a difficult year ahead in 2016 and no growth recovery in Greater China. The expectation is that business jet fleet growth will continue to decline but be moderated somewhat by continued positive activity levels in the pre-owned market. ASG is forecasting a high of 5.2% growth for 2016 but this could go even lower depending on China’s economic performance. 600 60% No. of Aircraft 490 500 +49.3% 466 50% 437 +41.5% +42.6% 400 379 40% 315 300 +28.3% +25.4% 30% 211 +20.3% 200 148 +15.3% 20% 100 65 118 92 +6.6% +5.2% 10% Growth Rate % 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR END 2015 57
- Page 7 and 8: EXECUTIVE SUMMARY The Asia Pacific
- Page 9 and 10: such as handmade carpets of silk or
- Page 11 and 12: Fleet Additions - Asia Pacific Regi
- Page 13 and 14: ASIA PACIFIC REGION 2015 New Delive
- Page 15 and 16: 2015 Deductions by Country and Airc
- Page 17 and 18: 2015 FLEET BREAKDOWN BY COUNTRY & S
- Page 19 and 20: ASIA PACIFIC REGION Boeing 33 (3%)
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- Page 23 and 24: ASIA PACIFIC REGION Australia New Z
- Page 25 and 26: Size Category Description ASIA PACI
- Page 27 and 28: Kevin Wu is the International Vice
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- Page 31 and 32: ASIA PACIFIC REGION Bombardier Japa
- Page 33 and 34: ASIA PACIFIC REGION Dassault Indone
- Page 35 and 36: ASIA PACIFIC REGION Gulfstream Indo
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- Page 39 and 40: What has been your experience of th
- Page 41 and 42: 2015 GROWTH BY OEM, SIZE & COUNTRY
- Page 43 and 44: ASIA PACIFIC REGION Corp. Airliner
- Page 45 and 46: Light Largest Fleet Additions ASIA
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- Page 49 and 50: Indonesia by Major OEM ASIA PACIFIC
- Page 51 and 52: GREATER CHINA Aircraft Additions an
- Page 53 and 54: New Deliveries by OEM GREATER CHINA
- Page 55 and 56: Deductions by OEM GREATER CHINA 201
- Page 57: GREATER CHINA Jet Aviation 2013 17
- Page 61 and 62: Net Fleet Growth by Major OEM GREAT
- Page 63 and 64: Net Fleet Growth by Aircraft Model
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- Page 67 and 68: GREATER CHINA 8 5 11 3 14 9 2 19 1
- Page 69 and 70: 2015 OPERATOR OVERVIEW The top 20 o
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- Page 75 and 76: Hong Kong - 24 Operators in Total
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- Page 79 and 80: India - 91 Operators in Total • 5
- Page 81 and 82: Thailand - 16 Operators in Total
- Page 83 and 84: Malaysia - 34 Operators in Total
- Page 85 and 86: Australia - 105 Operators in Total
- Page 87 and 88: of speed and efficiency. The G600 c
- Page 89 and 90: 2015 OVERVIEW: FLEET AGE & REGISTRA
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- Page 107 and 108: Gulfstream Maintenance Service Cent
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>