ASG Business Jet Fleet Report 2015 EN

2015 OVERVIEW: FLEET AGE & REGISTRATION
The vast majority (63.2%) of the business jets in the Asia Pacific region were manufactured in 2006 or
later i.e. are 10 years old or less. Only Cessna, Bombardier and Boeing have more than 30% of their
Asia Pacific Region fleet which is older than 10 years old. 55% of Cessna’s fleet is older than 10 years,
40% of Bombardier’s and 36% of Boeing’s.
The business jet fleet in Greater China is very young – 87% of the aircraft based in Hong Kong are less
than 10 years old and 78% of the aircraft based in Mainland China are less than 10 years old. For
Japan, the percentage less than 10 years old is 87%, Taiwan 73%, South Korea 70% and New Zealand
67%, which also illustrates the newness of business aviation in these various markets.
Looking at the average age of markets and fleets, Hong Kong has the youngest fleet with an average
year of manufacture (YOM) of 2010 and Australia has the oldest with an average YOM of 1997. For
the OEMs, Embraer has the youngest fleet with an average YOM of 2010 and Cessna has the oldest
fleet with an average YOM of 2001.
The top 4 registrations in the Asia Pacific region are China, the USA, Australia and India. Not including
the US, the top registrations match the top business jet markets, with 23% of the Asia Pacific Region
fleet being Chinese registered, 14% Australian and 13% Indian.
However, a US registration (“N” registered aircraft) is still the most popular with aircraft based in 15
countries across the Asian Pacific region. The next most popular foreign registries are Cayman, Isle
of Man and Bermuda. The appeal of these registration are their low costs, ease of registration and
operation flexibility.
ASIA PACIFIC BUSINESS REGION BUSINESS JET FLEET JET REPORT FLEET REPORT – YEAR END – YEAR 2015 END 2015 87