ASG-ASIA-PACIFIC-Business-Jet-Fleet-Report-YE2014-EN

Beijing 

Penglai 

Seoul 

Chengdu 

Shanghai 

Shenzhen 

Hong Kong 

Bangkok 

Manila 

ABOUT ASIAN SKY GROUP 

Asian Sky Group Limited (“ASG”) is headquartered in Hong Kong with offices throughout Asia. 

It has assembled the most experienced business aviation team in the Asia-Pacific region to provide 

a wide range of independent consulting services to both fixed-wing and rotary-wing aircraft owners. 

Asian Sky Group provides access to a significant customer base around the world with the help of its 

exclusive partners: Avpro Inc., the largest business jet brokerage firm in the US; and AVIC International 

Development Corporation, the largest state-owned aviation enterprise in Mainland China. 

Asian Sky Group is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with 

over US$ 1 billion in revenue and nearly US$ 3 billion in assets, and by Avion Pacific Limited, a 

Mainland China-based general aviation service provider with over 20 years of experience and 6 offices 

and bases throughout the country. 

Asian Sky Group provides its clients with the following aviation consulting services: 

1) AIRCRAFT SALES, including acquisition or marketing, selection of aircraft, asset financing, ownership 

structuring, registration and operator selection, inspections and appraisals, and contractual support; 

2) COMPLETION MANAGEMENT, including cabin definition, facility selection, completion oversight, 

delivery and regulatory compliance, and contractual support; 

3) OPERATION OVERSIGHT, such as invoice analysis and owner representation; 

4) LUXURY CHARTER SERVICES; 5) SPECIAL PROJECTS and 6) TRANSACTIONAL ADVISORY. 

CONTRIBUTION 

Asian Sky Group would like to acknowledge the gracious contributions made by numerous 

organisations, including aircraft operators, OEMs, aviation authorities, Jetnet, Flight Global Ascend and 

superhero.ph in providing data and support, without which the information presented in this report 

could not have reached its level of accuracy. 

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

mentioning the source as: “Asian Sky Group, a Hong Kong based business aviation consulting group”. 

Thank you for your interest in this report. We hope you'll find the information useful. If you would like to 

receive further information about our aviation services, please contact us at info@asianskygroup.com 

or visit us at www.asianskygroup.com. 

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

INTRODUCTION 

Asian Sky Group (ASG) is pleased to present the first of its kind Asia Pacific 

Business Jet Fleet Report for Year-End 2014. The report follows ASG’s 

previously established Greater China Business Jet Fleet Report, first published 

in March 2012. For copies of ASG’s various industry reports, please visit us 

at www.asianskygroup.com. 

This report provides the most complete coverage of the business jet 

fleet in the Asia Pacific region, “Asia Pacific” being defined as Asian 

countries in the Pacific Ocean region. Therefore, northern/central Asia 

and Oceania countries such as India, Australia or New Zealand are not 

included. Countries covered in this report include: Greater China (China, 

Hong Kong, Macau, Taiwan), Japan, South Korea, Thailand, Cambodia, 

Myanmar, Philippines, Malaysia, Brunei, Singapore, Indonesia and Papua 

New Guinea. 

TABLE OF CONTENTS 

EXECUTIVE SUMMARY AND KEY FINDINGS…………………………………….…………….3 

FLEET BREAKDOWN – ASIA PACIFIC 

Fleet by OEM and by Country…......……………...………….......................................6 

Top-20 Operator Fleets by OEM.......……………………….....................................22 

Aircraft Models by Region…………….……………………….....................................24 

Fleet by Size Category……………........……………………….....................................36 

Fleet Registrations....…………………………………………….....................................38 

Fleet Age Distribution.......…………………….…………………..................................41 

FLEET ADDITIONS – ASIA PACIFIC........………………………………………….…......……48 

GREATER CHINA – MARKET TRENDS..................…......………………………......……54 

Net Fleet Growth 2012-2014...........................................................................55 

Aircraft Additions & Deductions......................................................................61 

Foreign Aircraft Operation Highlights.............................................................70 

Forecast for 2015...........................................................................................71 

SUPPORT INFRASTRUCTURE – ASIA PACIFIC 

Maintenance Service and Training Centres..…………...................................73 

Fixed-Base Operators (FBO)..…………………………...........................................81 

Financing Institutions......…………………….…………………...................................83 

Legal Firms........................................................................................................83 

Compeletion Centres.......…………………….…………………...................................84 

CHARTER AIRCRAFT AVAILABILITY.....……….……………………………..…………....……88 

PRE-OWNED AIRCRAFT GLOBAL AVAILABILITY……………………...…….............……91 

AIRCRAFT MODELS POSITIONING……………………………………………………….……...92 

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 

1

15 17 Taiwan +13% 

ASIA PACIFIC BUSINESS JET FLEET 

297 

2013 2014 

647 

+15% 

744 

256 

41 

44 

114 

20 

21 

Japan 

+7% 

98 

South Korea +5% 

China +16% 

Myanmar 

1 

Hong Kong +16% 

27 

30 

Macau 

11 11 

Thailand +11% 

40 45 

Cambodia 

3 

50 

61 

43 48 

Philippines +13% 

Malaysia +12% 

3 3 

Brunei 

Singapore +22% 

40 46 

Indonesia +15% 

Papua New Guinea 

3 3 

Note (1): Fleet Distribution was done according to Business Jets in service and their active base of operations 

Note (2): As only Greater China 2013 fleet distribution was independently verified, 2013 data for the Asia Pacific region has 

been determined by using deductions for the Greater China region only. 

2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

EXECUTIVE SUMMARY 

Asian Sky Group’s Business Jet Fleet Report introduces a unique and alternate perspective on the business 

jet market in the Asia Pacific region. The report focuses on “net” additions of aircraft into in the Asia Pacific 

region as of year-end 2014. Net additions is defined as new aircraft plus pre-owned aircraft deliveries less 

the aircraft which exited the market throughout the year, or deductions. 

The report provides an important overview of the performance of each Original Equipment Manufacturer (OEM), 

pre-owned sales and acquisition market activity, and is ultimately also a gauge of regional and per country 

business confidence levels. 

So by these measures: 

• 2014 appears to have been a successful year for Gulfstream who remains the market leader and 

delivered 30 new aircraft into the Asia Pacific region – the first G650s but the majority, as usual, being 

G450s and G550s; 

• If the Greater China market is any indication of the overall pre-owned market activity levels in the whole 

Asia Pacific region, aircraft sales activity levels dropped off dramatically in 2014 to almost half of those in 

2013; and 

• Normally, as China goes, so does the Asia Pacific region. This is due to the fact that China represents 

almost 50% of the market. However, 2014 was a challenging year for China which consequently has 

allowed others countries in the region to shine and demonstrate their continuing strong performance. 

Those “other countries” in the region are primarily Thailand, Malaysia, Singapore & Indonesia, which grew 

at the same rate as China in 2014. So one can interpret that business confidence levels in China are 

down while up across South-East Asia. 

As is always the case, there are inevitably other typical factors and market influences to consider. Hopefully, 

Asian Sky Group’s report will be able to reveal these key market drivers and thus ultimately shed an important 

light on the outlook for 2015. 

Not considering Greater China (see the special section in the report on this key market): 

• The largest business jet markets are Singapore and Malaysia where in both cases Bombardier is the 

dominating OEM and has a fairly balanced fleet in both countries with aircraft in operation from across its 

product line of Lear Jets, Challengers and Globals. 

• Indonesia is where Embraer has had the most success outside of China. There are 9 Legacy aircraft in 

Indonesia and the first Phenom 300s. 

• The Philippines is a Medium and Light aircraft size category market thus dominated by Cessna and 

Hawker, but is probably one of the oldest fleets in Asia Pacific. 

• Thailand seems to be either a Long Range Gulfstream market or, at the other end of the spectrum, a 

Light Cessna and Hawker market. 

• Japan is Cessna’s largest market outside of China and it has Gulfstream’s largest fleet of G650s in the 

Asia Pacific region. 

• Finally South Korea is another strong market for Cessna (66% of Cessna’s fleet in Asia Pacific is located 

in North Asia) but also has the largest concentration of BBJs in the Asia Pacific region. 

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3

Key Findings 

● At the end of 2014, there were 15% more business jets based in the Asia Pacific region than in the 

previous year, growing from 647 to 744 aircraft. 

● Out of the 18 countries and territories, Singapore, China, Hong Kong and Indonesia had a higher than 

average addition of jets with 22%, 16%, 16% and 15% respectively. 

● Gulfstream and Bombardier continue to dominate the Asia Pacific business jet market with 30% and 

26% of the fleet. Cessna, Dassault and Hawker follow with a 14%, 8% and 8% market share respectively, 

by aircraft number. 

● In 2014, Boeing increased its net Asia Pacific fleet by 30.4%, Dassault 29.5%, Embraer 29.4% and 

Gulfstream 20%. 

● The top-20 operators in the Asia Pacific operate 51% of the entire business jet fleet. Out of those, 16 are 

based in China or Hong Kong. 

● Nearly 60% of the Asia Pacific business jet fleet consists of large or long range category aircraft largely 

positioned in China, Hong Kong and Singapore. 

● The vast majority (72.2%) of business jets in the Asia Pacific were manufacturer in 2005 or later. 90% in 

Hong Kong and 80% in China are younger than 10 years old. 

● The USA registration (N prefix) is preferred in almost every country in Asia Pacific – representing 24% 

of all business jets in the region. 

● Out of 97 net additional aircraft in the region, 87 were new deliveries from OEMs, 42 were pre-owned 

aircraft and 32 were relocated out of the region. Gulfstream, Bombardier and Dassault combined 

contribued 70.6% of all the additions with 33.3%, 24.8% and 12.4% shares respectively. 

● The most popular business jet models added to the Asia Pacific fleet in 2014 were the Gulfstream 

G550, G450, Bombardier Global 6000 and Dassault Falcon 7X. 

● The majority of 2014 net additions were for aircraft based in China, Hong Kong and Singapore, 

representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively. 

● The Greater China business jet fleet represents 59% of the aircraft (439 in total) in the Asia Pacific region. 

● The net number of aircraft additions in Greater China in 2014 was 59 versus 64 in 2013 and over 

100 in 2012. 

● Pre-owned aircraft represented almost half the additions to the Greater China fleet in 2013. However, 

this number was only 27% in 2014. 


FLEET BY OEM & COUNTRY – ASIA PACIFIC 

297 

114 

61 

48 

46 

45 

44 

30 

China 

Hong Kong 

Singapore 

Malaysia 

Indonesia 

Philippines 

Japan 

Thailand 

Airbus 11 6 1 1 

Boeing 7 5 3 3 2 1 1 

Bombardier 80 35 25 15 10 11 4 1 

Cessna 37 1 3 8 4 10 23 8 

Dassault 32 8 1 5 2 3 2 2 

Dornier 1 

Eclipse 1 

Embraer 20 4 4 1 14 

Gulfstream 96 54 18 9 4 7 10 11 

Hawker 14 1 5 5 10 10 3 7 

Nextant 1 

Sabreliner 1 

Westwind 3 

Total 297 114 61 48 46 45 44 30 

% of Total 40% 15% 8% 6% 6% 6% 6% 4% 

% Change from 2013 +16% +16% +22% +12% +15% +13% +7% +11% 


Airbus 24 (3%) 

Others 7 (1%) 

Boeing 30 (4%) 

Embraer 44 (6%) 

Dassault 57 (8%) 

Gulfstream 225 (30%) 

Hawker 60 (8%) 

744 

Cessna 104 (14%) 

Bombardier 193 (26%) 

21 

17 

11 

3 3 3 1 

South Korea 

Taiwan 

Macau 

Brunei 

Cambodia 


Myanmar 

Total 

% of Total 

% Change 

from 2013 

1 2 1 1 24 3% - 

6 2 30 4% - 

3 3 5 1 193 26% - 

8 2 104 14% -1% 

1 1 57 8% 1% 

1 - - 

1 - - 

1 44 6% 1% 

2 8 3 3 225 30% - 

1 3 1 60 8% -1% 

21 17 11 3 3 3 1 744 

3% 2% 1% - - - - 

+5% +13% - - - - - 

1 - - 

1 - - 

3 - - 


7

Fleet by Country – Top Markets 

China 

Hong Kong 

Boeing 7 (2%) 

Airbus 6 (5%) 

Boeing 5 (4%) 

Airbus 11 (4%) 



Dassault 8 

(7%) 


Cessna 1 (1%) 

Hawker 1 (1%) 


297 114 

Dassault 32 

(11%) 


Cessna 37 (12%) 

Bombardier 35 (31%) Gulfstream 54 (47%) 

Macau 

Taiwan 

Hawker 1 (9%) 

Airbus 2 (12%) Embraer 1 (6%) 



Airbus 1 (9%) 

11 17 






Singapore 

Malaysia 

Nextant 1 (2%) 


Airbus 1 (2%) 

Cessna 3 (5%) 

Boeing 3 (5%) 

Sabreliner 1 (2%) 

Boeing 3 (6%) 


Eclipse 1 (2%) 





61 

48 


Cessna 8 (17%) 

Hawker 5 (8%) Gulfstream 18 (29%) 


Indonesia 

Philippines 

Boeing 2 (4%) Dassault 2 (4%) Gulfstream 7 (16%) 

Cessna 4 (9%) 

Gulfstream 

4 (9%) 

Embraer Hawker 

14 (30%) 10 (22%) 

46 45 


Westwind 3 (7%) 

Dornier 1 (2%) 


Hawker 10 (22%) 

Cessna 10 (22%) 



9

Japan 

Thailand 


Boeing 1 (2%) 



Hawker 3 (7%) 

Airbus 1 (2%) 

Boeing 1 (3%) 


Gulfstream 

11 (37%) 

44 30 

Gulfstream 

10 (23%) 


Cessna 23 (52%) 


South Korea 

Airbus 1 (5%) 

Hawker 1 (5%) 



21 

Bombardier 3 (14%) Boeing 6 (29%) 


Fleet by Major OEM – Asia Pacific 

Airbus 

Brunei 1 (4%) 

Japan 1 (4%) 

Macau 1 (4%) 

Malaysia 1 (4%) 

South Korea 1 (4%) 

Taiwan 2 (9%) 

24 

China 11 (46%) 

11 

Hong Kong 6 (25%) 

6 

2 

1 1 1 1 1 

China 

Hong Kong 

Taiwan 

South Korea 

Malaysia 

Macau 

Brunei 

Japan 

A319ER 4 4 

A340--200 1 1 

ACJ318 3 1 2 7 

Total 

Change 

from 2013 

ACJ319 4 3 1 1 1 1 10 +1 

ACJ320 1 1 +1 

ACJ330 1 1 +1 

Total 11 6 2 1 1 1 1 1 24 

Change from 2013 +1 +1 +1 +3 


Boeing 

Thailand 1 (3%) Japan 1 (3%) 

Indonesia 2 (7%) 

China 7 (23%) 

Brunei 2 (7%) 


30 


Singapore 3 (10%) 


7 

6 

5 

3 3 

2 2 

1 1 

China 

Souht Korea 

Hong Kong 

Singapore 

Malaysia 

Brunei 

Indonesia 

Thailand 

Japan 

727-100 1 1 2 

737-200 1 1 

737-400 1 1 

747-400 1 1 

767-200ER 1 1 

Total 

Change 

from 2013 

BBJ 6 6 4 2 1 1 20 +3 

BBJ2 1 1 1 1 4 +4 

Total 7 6 5 3 3 2 2 1 1 30 

Change from 2013 +3 +2 +1 +1 +7 


13

Bombardier 

South Korea 3 (2%) Thailand 1 

Taiwan 3 (2%) 

Myanmar 1 

Japan 4 (2%) 

Macau 5 (3%) 


Philippines 11 (6%) 

China 80 (41%) 


193 


80 


35 

25 

15 

11 10 5 4 3 3 1 1 

China 

Hong Kong 

Singapore 

Malaysia 

Philippines 

Indonesia 

Macau 

Japan 

Taiwan 

South Korea 

Thailand 

Myanmar 

Challenger 300 8 2 1 1 12 

Challenger 601 1 3 1 5 -1 

Challenger 604 2 2 2 6 

Challenger 605 11 9 7 2 1 1 2 1 34 

Challenger 800 1 1 +1 

Challenger 850 12 4 1 1 18 +1 

Challenger 870 11 11 +6 

CRJ200 VIP 7 1 1 9 

Global 5000 6 10 4 2 1 1 24 +4 

Total 

Change 

from 2013 

Global 6000 7 5 3 1 1 1 18 +10 

Global Express 3 2 1 1 2 9 -1 

Global Express XRS 5 2 2 1 1 2 1 14 +1 

Learjet 24 2 1 3 

Learjet 31A 2 2 1 5 

Learjet 35/A/36A 5 3 3 1 12 +1 

Learjet 40 1 1 

Learjet 45/XR 1 1 2 

Learjet 60/XR 3 1 3 2 9 

Total 80 35 25 15 11 10 5 4 3 3 1 1 193 

Change from 2013 +10 +3 +5 +1 +3 -1 +1 +22 


Cessna 



Papua New Guinea 2 (2%) 


Thailand 8 (8%) 


China 37 (35%) 


104 


37 

Japan 23 (22%) 

23 

10 8 8 8 

4 

3 2 1 

China 

Japan 

Philippines 

Souht Korea 

Thailand 

Malaysia 

Indonesia 

Singapore 


Hong Kong 

Citation Bravo 2 3 5 

Citation CJ1/+ 13 3 1 3 20 

Citation CJ2/+ 7 7 

Citation CJ3 1 1 2 -1 

Total 

Change 

from 2013 

Citation CJ4 2 2 +1 

Citation Encore 2 1 3 

Citation Excel 3 3 

Citation I/SP/II 2 1 1 1 5 

Citation Mustang 3 3 1 2 9 +2 

Citation S/II 2 2 

Citation Sovereign/+ 4 3 2 4 1 1 15 +2 

Citation Ultra 1 4 1 6 

Citation V 3 3 

Citation VI/VII 1 1 1 3 -1 

Citation X/+ 1 2 1 4 +1 

Citation XLS/+ 8 3 3 1 15 +4 

Total 37 23 10 8 8 8 4 3 2 1 104 

Change from 2013 +4 +4 +1 -1 +8 


15

Dassault 


Macau 1 (2%) 


Papua New Guinea 1 (2%) 

Japan 2 (3%) 



China 32 (56%) 


57 


32 

8 

5 

3 2 

2 2 1 1 1 

China 

Hong Kong 

Malaysia 

Philippines 

Indonesia 

Japan 

Thailand 

Macau 

Singapore 


Falcon 10 1 1 

Falcon 2000LX 1 2 1 2 1 7 

Falcon 2000LXS 1 1 +1 

Falcon 2000S 1 1 +1 

Falcon 20D 1 1 

Falcon 20F-5 1 1 

Falcon 50 1 1 +1 

Falcon 7X 26 4 1 31 +8 

Falcon 900 1 1 2 4 

Falcon 900DX 1 1 

Falcon 900EX 1 1 2 

Falcon 900LX 3 3 6 +2 

Total 32 8 5 3 2 2 2 1 1 1 57 

Total 

Change 

from 2013 

Change from 2013 +8 +3 +2 +1 +13* 

* includes one aircraft lost in Taiwan 


Embraer 

Malaysia 1 (2%) Taiwan 1 (2%) 



China 20 (46%) 

44 


20 

14 

4 4 

1 1 

China 

Indonesia 

Singapore 

Hong Kong 

Malaysia 

Taiwan 

Total 

Change 

from 2013 

Legacy 600 1 7 2 1 1 1 13 +1 

Legacy 650 13 2 1 1 17 +5 

Legacy Shuttle 1 1 

Lineage 1000 4 1 1 6 +2 

Lineage 1000E 1 1 2 +2 

Phenom 100 1 1 

Phenom 300 1 3 4 

Total 20 14 4 4 1 1 44 

Change from 2013 +9 +1 +1 +10* 

* includes one aircraft lost in Macau 


17

Gulfstream 

Cambodia 3 (1%) 



Taiwan 8 (4%) 

Macau 3 (1%) 



Japan 10 (4%) 

China 96 (43%) 



225 

96 


54 

18 

11 

10 9 8 7 4 3 3 2 

China 

Hong Kong 

Singapore 

Thailand 

Japan 

G100 2 2 

G150 1 1 2 

G200 11 6 2 4 1 2 1 1 1 29 +1 

G280 4 4 +4 

G300 1 1 

G450 35 15 5 3 1 2 1 1 1 64 +9 

G500 1 1 

Total 

Change 

from 2013 

G550 39 28 5 3 3 1 1 1 2 2 85 +10 

G650 3 2 5 10 +6 

G-II 1 1 2 

G-III 1 1 2 

G-IV 3 1 1 1 6 

G-IV-SP 1 1 1 2 2 1 8 +1 

G-V 3 1 1 2 2 9 

Total 96 54 18 11 10 9 8 7 4 3 3 2 225 

Malaysia 

Change from 2013 +8 +8 +2 +3 +3 +1 +1 +3 +2 +31 

Taiwan 

Philippines 

Indonesia 

Cambodia 

Macau 

South Korea 


Hawker 

Macau 1 (2%) 



Taiwan 3 (5%) 

Japan 3 (5%) 


China 14 (23%) 


60 



14 


10 

10 

7 

5 

5 

3 

3 

1 

1 

1 

China 

Indonesia 

Philippines 

Thailand 

Singapore 

Malaysia 

Japan 

Taiwan 

Hong Kong 

Macau 

South Korea 

HS 125-1A 1 1 

Total 

Change 

from 2013 

Hawker 400/A/XP 1 2 2 2 1 2 3 13 +3 

Hawker 700A/B 5 1 6 

Hawker 750 1 1 

Hawker 800A/B/XP 7 1 3 2 2 1 1 17 +2 

Hawker 850XP 2 2 4 

Hawker 900XP 3 5 1 9 -1 

Hawker 1000A 2 2 

Hawker 4000 1 1 1 3 -3 

Premier I/IA 2 1 1 4 

Total 14 10 10 7 5 5 3 3 1 1 1 60 

Change from 2013 -1 +1 +1 +1 -1 +1 


19

PERSONALITY PROFILE 

Interview and Text by Anthony Lam 

William E. Heinecke 

Chairman & CEO, Minor Group of Companies 

“You’ve got to have the passion.” 

In 1967, an American youngster with a secondary school education, a blank CV, and lean financial resources 

walked into a lawyer’s office in Bangkok. He handed over the equivalent of US$1,000 and signed the 

necessary papers to incorporate two companies, Inter-Asian Enterprise and Inter-Asian Publicity. While 

the names sounded impressive, their assets were meager. After spending the bulk of the US$1,200 he 

had borrowed from a moneylender on the company registrations, what little remained was spent on plastic 

buckets and floor mops for his new cleaning business along with a few minutes of air time on a local radio 

station. There was nothing too glamorous about cleaning offices and writing simple advertisements for local 

businesses, but it was a start. Bill Heinecke had taken his first faltering step into the world of commerce and 

entrepreneurship. 

20 


As Bill Heinecke himself and Jonathan Marsh have said in The Entrepreneur, “Thirty-five years later, that 

teenager has turned 53 and sits on top of a expansive business empire. He has become the most successful 

foreign businessman in Thailand and perhaps one of the smartest expatriate entrepreneurs in the whole of 

Southeast Asia. Heinecke has persuaded the spice-loving Thais to eat pizza; he has built luxury hotels and 

shopping malls where others feared to tread; he has spotted trends and opportunities where competitors saw 

only red ink and dead ends. Scattered over the country is a chain of more than a hundred pizza restaurants, 

two ice cream franchises, steak, restaurants, and a host of manufacturing and licensing operations that 

include the world’s largest golf glove factory, Esprit fashion, Sheaffer pens, cosmetics, and a company that 

provides catering to offshore oil rigs. He is chief executive and major shareholder of three publicly listed 

companies - The Minor Food Group, Royal Garden Resorts, and the Minor Corporation - that employ more 

than 12,000 people. Forbes has named it one of the best 300 small companies in the world - and for a time 

it was the only Thai company to be nominated.” William E. Heinecke with Jonathan Marsh (1-2). 

These days the mop and bucket business have disappeared. As a passionate aviator, Heinecke flies himself 

around Thailand in his Piper Malibu. Being no stranger to aviation or private aircraft, Heinecke has owned 

and piloted a Grumman Lynx, Mooney, Bonanza, and a Piper Mirage, among others. “Flying really came from 

an extension of my businesses,” said Heinecke. “At the time, to travel to and from the location of my business 

required 8 hours of driving time - it was either that, or a 35-minute flight, so I had a big incentive to learn how 

to fly,” Heinecke continued. Over the years, Heinecke pursued flying and upgraded his fleet of aircraft as his 

mission requirements and experience grew. Minor Aviation was then founded, becoming the Mjets we know 

today. 

As an entrepreneur with an adventurous spirit, when Heinecke wasn’t busy closing the next multi-million 

dollar deal, he could be found diving, racing vintage cars, skiing, and free falling out of an aircraft. “I did a 

little bit of everything. I flew from London to Bangkok in my Bonanza, and then in my Piper Malibu I flew from 

Florida to Bangkok. Today, our fleet of jets consist of the Bravo for EMS operations, CJ-3 for short haul flights, 

Citation X, and a Gulfstream V, all owned by MJets,” recounted Heinecke. Beyond that, Heinecke’s other 

businesses own and operate six aircraft in the Maldives, many of them Dehavilland Twin Otters, as well as 

numerous Cessna Caravans in Africa for their hotels. “Aviation is an important part of all of our businesses, 

it is in fact a critical aspect. There is no doubt that the fastest growing businesses use business aircraft, and 

that is no coincidence,” said Heinecke. 

Many have correlated Heinecke’s success for business to his passion for adventure, and more specifically risk 

taking. “I may have an adventurous spirit, but I don’t think I’m necessarily a risk taker,” explained Heinecke. 

Heinecke feels that training well, preparing well, and never going into something that may endanger oneself 

are the ingredients to success. “The key is preparation - the more prepared you are, the more luck will 

be on your side,” Heinecke continued. “Always invest in the best aircraft you can afford, and don’t skip on 

maintenance,” said Heinecke, who had learned of this lesson after an unfortunate incident where the cause 

was attributed to maintenance. “Above all, plan your journey carefully, remain cool and calm at all times. 

Keeping a cool head and reacting well to crisis situations comes from training. The more prepared you are 

and the harder you work, the luckier you’ll get,” reflected Heinecke, who continued, “In the end you’ve got to 

have the passion - because when you do, nothing can stop you.” 


21

TOP 20 OPERATOR FLEETS BY OEM – ASIA PACIFIC 

51% of total Asia Pacific fleet 

The Top-20 operators in Asia Pacific fly 51% of the total business jet fleet in the region. Deer Jet, TAG Aviation, Business 

Aviation Asia, Metrojet and Jet Aviation remain the top five jet operators in the region while many Chinese and Hong Kong 

operators follow, making Greater China count 16 out of the top 20 Asia Pacific operators. In 2014, it was observed that 

Non-China based operators were able to grow their aircraft fleet while China-based operators had very little if any growth 

in the number of aircraft they managed. 

70 

49 

45 

35 

30 

16 

14 

13 

12 

12 

Deer Jet 

TAG Aviation 

BAA 

Metrojet 

Jet Aviation 

China Eastern 

Minsheng Int’l Jet 

China United 

HongKong Jet 

Lily Jet 

Airbus 4 1 2 1 1 3 3 

Boeing 3 1 1 

Bombardier 1 30 13 6 6 2 10 2 11 

Cessna 1 1 

Dassault 6 7 11 2 2 1 

Embraer 3 1 3 5 8 1 

Gulfstream 47 8 17 24 21 7 4 4 1 

Hawker 9 1 

Total 70 49 45 35 30 16 14 13 12 12 


11 

10 9 

9 

9 

8 8 8 

7 7 

CAAC Inspection 

Sino Jet 

Beijing Airlines 

Challenger Aero Air 

CAAC Academy 

Korean Air 

Premiair 

Asia Jet 

Nanshan Jet 

VistaJet 

2 17 

1 1 1 1 1 1 11 

4 3 1 2 2 7 100 

10 9 6 27 

3 1 33 

6 27 

1 5 3 1 1 5 4 153 

4 14 

11 10 9 9 9 8 8 8 7 7 382 

Total 


23

AIRCRAFT MODELS BY REGION – TOP OPERATORS* 

China 

51% of the Total China Fleet 

68 

35 

17 16 

14 

Deer Jet BAA TAG Aviation China Eastern Minsheng Int’l Jet 

Total 

A319ER 1 1 

ACJ318 1 1 2 

ACJ319 2 1 3 

BBJ 3 3 

Challenger 300 1 1 

Challenger 605 1 4 5 



Falcon 2000S 1 1 

Falcon 7X 4 8 5 2 19 

Falcon 900LX 1 1 2 

Gulfstream G200 7 1 8 

Gulfstream G280 2 2 

Gulfstream G450 12 5 2 3 1 23 

Gulfstream G550 20 5 3 1 29 

Gulfstream IV 3 3 

Gulfstream IV-SP 1 1 

Gulfstream V 3 3 

Global 5000 3 3 

Global 6000 5 1 6 

Global Express 1 1 

Global Express XRS 1 1 

Hawker 4000 1 1 

Hawker 800A/B/XP 4 1 5 

Hawker 850XP 2 2 



Legacy 650 1 5 6 12 

Lineage 1000 1 1 2 

Lingeage 1000E 1 1 

Total 68 35 17 16 14 150 

* The top 5 operators are shown unless many operators share the same number of aircraft at the 4th and 5th place. 


Hong Kong 

75% of the Total Hong Kong Fleet 

30 

19 

16 

11 

9 

Metrojet Jet Aviation TAG Aviation Hongkong Jet BAA 

Total 

ACJ318 1 1 

ACJ319 1 2 3 

BBJ 1 1 2 


Challenger 605 1 2 1 1 5 


Citation Sovereign/+ 1 1 

Falcon 7X 1 1 1 3 

Falcon 900EX 1 1 

Falcon 900LX 1 1 1 3 


Gulfstream G450 4 5 1 1 11 

Gulfstream G550 13 7 2 4 26 

Gulfstream G650 1 1 1 3 


Global 5000 2 1 4 7 

Global 6000 3 3 

Global Express 1 1 2 

Global Express XRS 1 1 2 

Legacy 600 1 1 


Lineage 1000 1 1 

Lineage 1000E 1 1 

Total 30 19 16 11 9 85 


25

Macau 

64% of the Total Macau Fleet 

3 

2 2 

Fortuna Jet Jet Asia TAG Aviation 

Total 



CRJ200 VIP 1 1 



Total 3 2 2 7 

Taiwan 

59% of the Total Taiwan Fleet 

3 

3 

2 2 

Executive Aviation 

Taiwan 

Win Air Jet 

Aerospace Industrial 

Development 

EVA Airways 

Total 

ACJ318 2 2 





Hawker 400/A/XP 1 1 


Total 3 3 2 2 10 


Singapore 

46% of the Total Singapore Fleet 

6 

5 

4 

4 

3 

3 3 

Pacific Flight 

Services 

TAG 

Aviation 

Jet 

Aviation 

Execujet 

Asia Pacific 

Jets 

Precious 


TWC 

Aviation 

Total 

BBJ 1 1 


Challenger 605 1 2 1 4 




Global 5000 2 2 

Global 6000 1 1 2 

Hawker 800A/B/XP 2 2 

Learjet 35/A/36A 2 2 

Learjet 45/XR 1 1 




Nextant 400XT 1 1 

Total 6 5 4 4 3 3 3 28 


27

Malaysia 

38% of the Total Malaysia Fleet 

4 

4 

3 

3 

2 

2 

Gov’t of 

Malaysia 

Smooth 

Route 

TAG 

Aviation 

Weststar Aviation 

Services 

Aerotree 

Defense & Services 

Berjaya 

Air 

Total 

Boeing 727-100 1 1 

Boeing 737-200 1 1 

ACJ319 1 1 


Citation Bravo 2 2 



Gulfstream II 1 1 


Global 5000 1 1 




Total 4 4 3 3 2 2 18 


Philippines 

49% of the Total Philippines Fleet 

9 

4 

3 3 

3 

Challenger 

Aero Air 

Metrojet 

Subic Int’l Air 

Charter 

Lionair 

Royal Star 

Aviation 

Total 

Dornier 328JET 1 1 


Citation I/SP/II 1 1 

Citation XLS/+ 1 1 2 


Falcon 900 1 1 




Gulfstream IV-SP 1 1 2 

Global 5000 1 1 

Hawker 700A/B 1 1 2 





Westwind 1 1 1 

Total 9 4 3 3 3 22 


29

Indonesia 

59% of the Total Indonesia Fleet 

8 

3 

2 2 2 2 2 2 2 2 

Premiair 

Gov’t of 

Indonesia 

Jhonlin 

Air Transport 

Transpac 

Lionair 

Airfast 

Indonesia 

Transwisata 

Prima Aviation 

TAG 

Aviation 

Enggang 

Air Service 

FlyJet 

Total 

BBJ 1 1 

BBJ2 1 1 




Citation VI/VII 1 1 




Learjet 31A 2 2 

Legacy 600 2 1 1 1 5 


Legacy Shuttle 1 1 



Premier I/IA 1 1 

Total 8 3 2 2 2 2 2 2 2 2 27 


Japan 

41% of the Total Japan Fleet 

4 

4 4 

3 

3 

Asia Jet Gov’t of Japan - 

Coast Guard 

Ministry of Land 

& Traportation 

Nakanihon 

Air Service 


Aviation 

Total 

ACJ318 1 1 

BBJ 1 1 


Falcon 900 2 2 





Global 6000 1 1 


Total 4 4 4 3 3 18 


31

Thailand 

57% of the Total Thailand Fleet 

6 

4 

3 

2 

2 

Mjets 

Siam Land 

Flying 

AC 

Aviation 

Advance 

Aviation 

Thai Flying 

Service 

Total 

Citation Bravo 1 1 2 

Citation CJ3 1 1 


Citation X 1 1 

Falcon 2000LX 1 1 







Total 6 4 3 2 2 17 

South Korea 

81% of the Total South Korea Fleet 

8 

3 

2 

2 

2 

Korean Air 

Samsung 

Techwin 

Flight 

Inspection 

Center 

SK Telecom 

Hyundai 

Motor 

ACJ319 1 1 

BBJ 1 2 2 5 



Citation Ultra 4 4 


Global Express XRS 1 1 2 

Hawker 750 1 1 

Total 8 3 2 2 2 17 

Total 


Iris Riesen 

Managing Director, Jet Aviation Hong Kong 

Text and photo by Anthony Lam 

In addition to aircraft management and charter, internationally renowned operator Jet Aviation, a whollyowned 

subsidiary of General Dynamics, serves the business aviation industry with core services including 

maintenance and engineering, completions and refurbishment, FBO and staffing. Headquartered in 

Switzerland since 1967, Jet Aviation Business Jets Limited today is based out of the Hong Kong International 

Airport and led by its Managing Director Iris Riesen. 

“We have been providing business aviation services to aircraft owners and operators for nearly half a 

century,” said Riesen. “In this time, we not only developed comprehensive business aviation service 

capabilities, we established a global network of facilities and earned a reputation for excellence. Jet Aviation 

takes pride in exceeding customer expectations, and our good standing in the aviation industry is based on 

the quality, transparency, commitment and dedication of each member of our global team of professionals. 

This is the highest value we offer and is what differentiates us from our competitors,” said Riesen. 

Jet Aviation Business Jets Limited first entered the Asian market in 1995 with the opening of their 

maintenance, refurbishment, and FBO facility in Singapore. In Hong Kong, their aircraft management and 

charter operation was launched in September 2001 as a division of Jet Aviation Business Jets, and they have 

been promoting and maintaining relationships with owners, partners, and authorities ever since. Available 

services include the full range of aircraft management, operations, and flight support services, as well as 

charter services all provided on a 24/7 basis by a team of multilingual specialists. 


On September 9, 2008 the company received its maintenance repair station approval from the Hong 

Kong Civil Aviation Department (CAD). The company offers line maintenance, inspections, and defect 

rectifications, as well as AOG support, and has access to a 9,200 square meter (99,027 square feet) hangar. 

In addition to Hong Kong CAD maintenance repair station approval, the company holds an FAA repair station 

certificate, and mainland China JMM approval for PRC-registered aircraft. In addition, it services aircraft 

registered in 11 other countries through Jet Aviation’s maintenance approvals in Singapore, which include 

EASA, Aruba DCA, Australian CASA, Bermuda DCA, Cayman CAA, Indonesia DGAC, Macao MAR-145, Malaysia 

DCA, Philippines ATO, Singapore CAAS, and Thailand DOA. 

“With more than 20 airport facilities throughout Europe, the Middle East, Asia, and North and South 

America, our scope and scale of service offerings offers major benefits that are difficult to match. We have 

experience and know-how that is well-respected in the market and shaped around the highest industry 

standards. While I don’t want to underestimate the learning curve we faced when we first started operating 

in Asia, we did bring a lot of valuable experience with us. For example, we manage a fleet of more than 250 

aircraft worldwide and all members of the Hong Kong dispatch team have been trained in cooperation with 

the company’s headquarters in Zurich,” said Riesen. 

“Our global network of maintenance, FBO and aircraft management and charter facilities represent a 

major benefit to international travelers in terms of service, but our aircraft management and flight support 

customers also benefit in terms of the bottom line through our global buying power we negotiate substantial 

reductions in fuel and insurance costs, etc., which we pass on to our customers to ensure comprehensive 

services - at great value,” continued Riesen. 

When it comes to safety, as a leading business aviation services provider, Jet Aviation Business Jets 

Limited’s highest priority is to uphold, promote, and improve Safety standards in every aspect of operations. 

“This means working with each other, our customers and the industry to ensure Safety is as prominent in our 

goals as quality, integrity, continuous improvement and profit generation. We make Safety an integral part 

of our corporate culture that is continually reflected in all of our daily activities. For us, Safety is everyone’s 

responsibility. From our leadership, operations, maintenance and engineering teams to everyone in or 

administration, security and housekeeping teams, we have adopted a Safety first approach to make certain 

that Safety guides our actions as a matter of habit. Our goal is Zero Safety Incidents,” Riesen explained. 

In 2014, Jet Aviation Houston and Jet Aviation Basel both earned ISO 14001 and OHSAS 18001 certifications 

in recognition of their commitment to protecting health and safety, as well as the environment. It is just a 

question of time before more of their facilities follow suit. 

When asked about the challenges of operating in Asia and China, as well as examples of lessons learned, 

Riesen explained that “China was and still is to some extent a new market for corporate aviation. The current 

lack of infrastructure to support the needs of the business jets community presents some challenges, 

as well as the restrictions in permits and approvals.” Whilst a lot has changed in recent years to better 

accommodate business aviation in Asia and China, there is not the same freedom of operation like in some 

of the older markets of our businesses. Jet Aviation Business Jets Limited have learned that patience is a 

virtue and that only with polite persistence will yield results where solutions are achieved. “What we can say 

for certain is that it is very interesting and exciting area to be in and that we are fully committed to Asia and 

its customers here for the long term. To succeed here in the long term, we believe in thinking globally, but 

acting locally,” Riesen reflected. 


35

FLEET BY SIZE CATEGORY – ASIA PACIFIC 

Nearly 60% of the Asia Pacific business jet fleet consists of Large or Long-Range category aircraft largely positioned in 

China, Hong Kong and Singapore. Aircraft size preference in Thailand, Malaysia, and Indonesia also include the medium 

size category aircraft, while the Philippines tends more towards medium and light aircraft categories. 

Very Light 59 (8%) 

Corp. Airliner 63 (8%) 

Medium 119 (16%) 

744 

Large 224 (30%) 

Long Range 201 (27%) 

Light 78 (11%) 

297 

114 

61 

48 46 45 

44 

30 

21 

17 

11 

3 3 3 1 

Corp. Airliner 23 13 3 4 3 1 2 1 7 2 1 3 63 

Long Range 89 55 15 6 3 3 10 8 4 4 3 1 201 

Large 106 37 18 14 20 8 5 2 1 4 6 1 1 1 224 

Medium 40 9 13 15 7 14 4 10 1 4 1 1 119 +2% 

Light 20 9 7 9 14 7 4 5 2 1 78 -2% 

Very Light 19 3 2 4 5 16 5 3 1 1 59 

Total 297 114 61 48 46 45 44 30 21 17 11 3 3 3 1 744 

% Change 

from 2013 

China 

Hong Kong 

Singapore 

Malaysia 

Indoenesia 

Philippines 

Japan 

Thailand 

+16% +16% +22% +12% +15% +13% +7% +11% +5% +13% - - - - - 

South Korea 

Taiwan 

Macau 

Burnei 

Cambodia 


Myanmar 

Total 

Market 

Share 

Change 


Size Category Description 

Corporate Airliner 

Boeing 727-100 




Boeing 767-200ER 

Airbus 319ER 

Airbus 340-200 

ACJ318 

ACJ319 

ACJ320 

ACJ330 

BBJ 

BBJ2 

Lineage 1000/E 

Dornier 328JET 

Long Range 

Gulfstream G500 



Gulfstream V 

Global 5000 

Global 6000 

Global Express 

Global Express XRS 

Falcon 7X 

Large 

Challenger 601 






CRJ200 VIP 




Gulfstream II 

Gulfstream III 

Gulfstream IV 

Gulfstream IV-SP 

Legacy 600 

Legacy 650 

Legacy Shuttle 

Falcon 900 

Falcon 2000LX/S/LXS 

Falcon 900DX/EX/LX 

Medium 


Citation X/+ 

Citation Sovereign/+ 




Falcon 50 

Falcon 20D 

Falcon 20F 

Learjet 60/XR 

HS 125-1A 

Hawker 700A/B 

Hawker 750 

Hawker 800A/B/XP 

Hawker 850XP 

Hawker 900XP 

Hawker 1000A 

Hawker 4000 

Light 

Citation Bravo 

Citation CJ3 

Citation CJ4 

Citation Encore 

Citation Excel 

Citation S/II 

Citation Ultra 

Citation V 

Citation VI/VII 

Citation XLS/+ 

Learjet 31A 

Learjet 35/A/36A 

Learjet 40 

Learjet 45/XR 

Phenom 300 

Falcon 10 

Westwind 1/2 

Sabreliner 65 

Hawker 400/A/XP 

Nextant 400XT 

Very Light 

Citation CJ2/+ 


Citation I/SP/II 

Citation Mustang 

Eclipse500 

Phenom 100 

Learjet 24 


Premier I/IA 


37

FLEET REGISTRATIONS – ASIA PACIFIC 

USA (N) 

Japan (JA-) 

South Korea (HL) 

Taiwan (B-XXXXX) 

Hong Kong (B-K/B-LXX) 

Macau (B-MXX) 

China (B-XXXX) 

Philippines (PR-C) 

Thailand (HS-) 

Myanmar (XY-,XZ-) 

Papua New Guinea (P2) 

Indonesia (PF-) 

Japan 

8 (18%) 

36 (82%) 

South Korea 

Hong Kong 

1 (5%) 

20 (95%) 

43 (37%) 22 (19%) 

5 (4%) 

Macau 

6 (55%) 

1 (9%) 

Taiwan 

China 

6 (35%) 10 (59%) 

30 (10%) 

1 (1%) 2 (1%) 

247 (83%) 

Aircraft Base 

Myanmar 

Philippines 

Cambodia 

10 (22%) 

2 (67%) 

34 (74%) 

1 (100%) 

Thailand 

5 (17%) 

24 (80%) 

Brunei 

Malaysia 

28 (58%) 

2 (4%) 

1 (2%) 


3 (100%) 

12 (26%) 

30 (65%) 

Indonesia 

Singapore 

31 (51%) 

1 (2%) 

1 (2%) 

% of Fleet 24% 5% 3% 1% 4% 34% 5% 3% 4% 


Malaysia (9M) 

Brunei (V8) 

Singapore (9V) 

Bermuda (VP-B, VQ-B) 

Cayman Islands (VP-C) 

Isle of Man (M-) 

Austria (OE-) 

Finland (OH-) 

San Marino (T7) 

Malta (9H) 

Luxembourg (LX-) 

New Zealand (ZK) 

Australia (VH-) 

Japan 

11 (10%) 26 (23%) 

2 (2%) 2 (2%) 1 (1%) 1 (1%) 1 (1%) 

South Korea 

Hong Kong 

1 (9%) 

2 (18%) 

1 (9%) 

Macau 

1 (6%) 

Taiwan 

6 (2%) 

9 (3%) 1 1 

China 

Myanmar 

1 (2%) 

1 (2%) 

1 (33%) 

Philippines 

Cambodia 

Aircraft Base 

1 (3%) 

Thailand 

3 (100%) 

Brunei 

12 (25%) 

1 (2%) 2 (4%) 

1 (2%) 1 (2%) 

Malaysia 


1 (2%) 1 (2%) 

2 (4%) 

Indonesia 

2 (3%) 7 (11%) 3 (5%) 4 (7%) 

1 (2%) 

2 (3%) 9 (15%) 

Singapore 

2% 3% 5% 3% 1% 1% 

% of Fleet 


39

Popular Aviation Registrations – Asia Pacific 

Characteristics Comparison 

Country 

of 

Registration 

Cost of 

Registering 

an Aircraft 

Time for 

Registration 

(Weeks) 

Effective 

Import 

Taxes 

Ease 

of 

Financing 

Sale Value 

Attractiveness 

Internationally 

New AC Type 

Delay 

(Months) 

Crew 

Licensing 

& Training 

International 

Operational 

Flexibility 

AUSTRIA 

Medium 

Short 

None 

Good 

Good 

Short 

Medium 

Medium 

BERMUDA 

Average 

Reasonable 

None 

Good 

Good 

Short 

Easy 

Reasonable 

CAYMAN 

ISLANDS 

Average 

Reasonable 

None 

Good 

Good 

Short 

Easy 

Reasonable 

CHINA 

Average 

Very Long 

Very High 

Mostly Local 

Medium 

Very Long 

Difficult 

Medium 

HONG 

KONG 

Expensive 

Very Long 

None 

Good 

Good 

Long 

Medium 

Medium 

INDONESIA 

Average 

Long 

High 

Restricted 

Low 

Reasonable 

Medium 

Low 

ISLE OF 

MAN 

Average 

Reasonable 

None 

Good 

Good 

Short 

Reasonable 

Reasonable 

JAPAN 

Expensive 

Long 

Medium 

Good 

Good 

Long 

Difficult 

Medium 

KOREA 

Medium 

Medium 

None 

Reasonable 

Good 

Reasonable 

Medium 

Medium 

MALTA 

Average 

Reasonable 

None 

Good 

Good 

Short 

Reasonable 

Medium 

MALAYSIA 

Average 

Reasonable 

High 

Mostly Local 

Good 

Medium 

Medium 

Medium 

PHILIPPINES 

Average 

Reasonable 

High 

Restricted 

Low 

Medium 

Difficult 

Reasonable 

TAIWAN 

Average 

Reasonable 

None 

Good 

Reasonable 

Long 

Medium 

Medium 

THAILAND 

Average 

Medium 

Medium 

Mostly Local 

Reasonable 

Reasonable 

Reasonable 

Reasonable 

USA 

Average 

Short 

None 

Good 

Good 

Short 

Easy 

Good 

Applicable tax rates & regulations may change without notice and vary depending on the structure of the transaction, the timing and 

place of entering into agreements. It is therefore advised to retain professional advice before entering into any transaction. 


FLEET AGE DISTRIBUTION – ASIA PACIFIC 

744 Total 

80 

The vast majority (72.8%) of business jets in Asia Pacific were manufacturer in 2005 or later. Only Cessna, Boeing and 

Hawker have more than 30% of their fleet older than 10 years old in the region (35%, 35% and 63% respectively). The 

business jet fleet is very young in Greater China with 90% in Hong Kong and 80% in China being 10 years old or less. This 

then decreases with Korea (76%), Singapore (69%), Indonesia (61%), Thailand (57%), Japan (50%) and the Philippines 

(48%) illustrating the ages and business jet experiences of various markets. 

70 

60 

50 

40 

30 

20 

10 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 


41

42 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 

Age Distribution by OEM 

Bombardier 

193 in total 

Cessna 

104 in total 

Airbus 

24 in total 

Boeing 

30 in total 

20 

15 

10 

5 

0 

20 

15 

10 

5 

0 

25 

20 

15 

10 

5 

0 

20 

15 

10 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014

43 


Dassault 

57 in total 

Hawker 

60 in total 

20 

15 

10 

5 

0 

20 

15 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

Embraer 

44 in total 

20 

15 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

Gulfstream 

225 in total 

30 

25 

20 

15 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014

Age Distribution by Region 

China 

297 in total 

40 

35 

30 

25 

20 

15 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

20 

Hong Kong 

114 in total 

15 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 


Japan – 44 in Total 

10 

5 

0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

10 

5 

0 

South Korea – 21 in Total 

10 

5 

0 

Philippines – 45 in Total 

10 

5 

0 

Thailand – 30 in Total 

10 

5 

0 

Indonesia – 46 in Total 

10 

5 

0 

Singapore – 61 in Total 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1983 

1984 

1985 

1986 

1987 

1988 

1989 

1990 

1991 

1992 

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 


45

Denzil White 

COO, Hongkong Jet 

As the international business aviation arm of the conglomerate HNA Group which holds 17 AOC’s and over 

400 jet aircraft, Hongkong Jet provides aircraft management, charter, maintenance, and advisory to a wide 

range of business jet owners and clients in the region. Co-led by the recently-joined industry veteran and 

COO Denzil White, the company today is a key player in the market that is constantly on the rise. 

“Hongkong Jet has many strengths. With our Chinese parents from the mainland and ourselves born in 

Hong Kong, the edge gives us a more international flavor when looking at the APAC region, allowing us more 

flexibility in terms of business law and the operating environment,” said White. With their services in aircraft 

management, charter, maintenance, and consulting, Hongkong Jet is also embarking readily on aircraft sales 

as well. “We have 18 aviation companies under the parent company and with businesses that span multiple 

businesses such as shipping and hotels, in additional to aviation. With this setup, we are able to leverage 

our operations with the economies of scale, helping with insurance rates and fuel pricing, among others. 

This is what gives us the competitive advantage,” White remarked. 

46 


While most players in the industry come into Hong Kong to try to penetrate into the Chinese market, 

Hongkong Jet has a unique position in that they were from China since the beginning. For this reason, 

Hongkong Jet can focus externally to diversify its client pool and businesses. “Expansions are good, but it 

all starts at the core values,” explained White, who continued, “The HNA group has sewn on very solid core 

values since its inception, and they have been transmitted to Hongkong Jet as part of the DNA of the group, 

and therefore becomes a part of the company’s lifestyle. Take safety, for example. It is a way of life. A lot 

of companies say they commit to safety, but they don’t walk the talk. How do you get people to look at the 

safety model day in and day out? Safety needs to start at the top of the organization, so that management 

leads the directors and the directors lead the rest of the team. ” 

Today, Hongkong Jet has its ISBAO-2, and is well on its way toward ISBAO-3. Their team of five in corporate 

safety, quality, and security work around the clock to ensure the highest standards are met. “No matter 

how small the incident - it gets reported, and everyone gets to see and hear about it. ” When asked about a 

non-punitive culture, White felt that it “takes time for employees to trust and believe that when something 

happens, they don’t get punished, instead the goal is to find solutions. ” More importantly, White stressed 

that it does not help when a company has a safety expert providing safety - only to have the company’s 

senior management not cooperating for financial reasons, effectively undermining crucial safety initiatives. 

“Hongkong Jet is very fortunately that its management is completely on board. We will enhance and 

continue to grow with a safety culture,” said White, who continued “As the industry has learned, loss of safety 

is not just a loss of life - it is a loss of reputation, it is a loss of finances. It’s the foundation to any business in 

aviation. “ 

Beyond safety, lies trust. According to White, the business aviation industry is an emotional one, at a certain 

level. “You have an individual or company that wants to buy an airplane, and in the end you have a choice of 

five airplanes that meet your mission requirements and do their jobs equally well. Typically, at the end of the 

day, it is an emotional decision which one you choose. If you have the ability to develop the relationship with 

the right people, and if they trust you, then you get the business,” said White, who believed that there are “four 

elements to trust - reliability, openness, congruence, acceptance. If any one of those elements are not there, 

trust vanishes. “ 

According to White, the China market is growing very rapidly in terms of the number of business jets, 

with a compound growth of roughly 35% percent annually. Though with that growth, unfortunately, the 

infrastructure is not growing in parallel. All the regulations that may be unnecessary, combined with far 

too many hindrances for owning a business jet such as the inflexibility of short notice flights or getting the 

approvals in China, may defeat or undermine the purpose of traveling via a business jet. 

“Day by day, the infrastructure development is far too slow to keep up with the growth of the industry. Take 

the pilots for example - the industry here has had to hire foreign pilots for most flight crew positions. Local 

pilots are available but many of them are tied up with contracts with the airlines,” noted White, who felt that 

the other major issue the industry faces is fuel pricing - where currently, Hong Kong has by far the most 

expensive fuel in the region. “If you’re a business jet, you’re paying about 50% higher than what the airlines 

pay for the same fuel, and there is no reason for that,” said White, who pointed out that if the market has 

100 business jets parked at the HKBAC, that is bigger than what most airlines have. Sadly, White noted 

that this may never change unless there is some competition brought on to the business aviation terminal in 

Hong Kong. 

As the international business aviation arm of HNA, Hongkong Jet has recently expanded its operations by 

acquiring a share of Hawker Pacific, growing its business to FBO operations and services, and effectively 

becoming a “cousin” of the Asian Sky Group, whose parent company SEACOR Holdings own approximately 

33% of Hawker Pacific’s common equity. With a bright spot on the horizon, Hongkong Jet is poised to soar 

progressively higher in this rapidly growing region. 


47

FLEET ADDITIONS – ASIA PACIFIC 

Net Additions - 2014 

Boeing 7 (7%) 

Cessna 8 (8%) 

Airbus 3 (3%) 


Hawker 1 (1%) 

Sabreliner 1 (1%) 



+97 



New Deliveries 

Pre-owned Deliveries 

Boeing 4 (5%) Airbus 3 (3%) Sabreliner 1 (2%) 



Embrer 8 (9%) 

Gulfstream 30 


(35%) Cessna 2 (5%) 

Boeing 3 


(7%) 

Dassault 10 

(12%) 

+87 +42 

Hawker 5 

(12%) 

Bombardier 23 

(26%) 



Deductions 


Cessna 3 (9%) 



-32 



Net Additions Per Model – New vs Pre-owned 

97 in total 

The most popular business jet models to be added to the Asia Pacific fleet in 2014 were the Gulfstream G550, G450, 

Bombardier Global 6000 and Dassault Falcon 7X. 

Global 6000 

-1 

10 

1 



-4 

-5 

10 

12 3 

3 

Falcon 7X 

-1 

7 

2 

Legacy 600/650 

5 

1 


4 

2 


Lineage 1000/E 

3 

6 

1 

Global 5000 

-1 

4 

1 


4 


3 

1 

BBJ2 

3 

1 


BBJ 

1 

3 

2 


2 

Falcon 900LX 

1 

1 


-1 

2 

1 

Deductions 


Challenger 800/850 

Sabreliner 65 

2 

2 

1 


Pre-owned 

Learjet 35/A/36A 

1 


1 

Gulfstream IVSP 

1 


Falcon 50 

-3 

1 

4 

Falcon 2000S 

1 

Falcon 2000LXS 

1 

Eclipse 500 

1 

Citation X+ 

1 

Citation CJ4 

1 

ACJ330 

1 

ACJ320 

1 

ACJ319 

1 

Learjet 60XR 

-1 

1 

Falcon 2000LX 

-2 

2 


-2 

2 


-1 

1 

Hawker 900XP 

-1 


-2 

1 


-1 

Citation CJ3 

-1 


-2 

1 

Hawker 4000 

-3 

Note: Deductions were only counted for the Greater China Market. 


49

2014 New Deliveries by Country and Aircraft Model 

87 in Total 

The large majority of 2014 business jet net additions in Asia Pacific were for aircraft based in China, Hong Kong and 

Singapore, representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively. 

China 

Hong Kong 

Singapore 

Indonesia 

Philippines 

Thailand 

Japan 

Macau 

Malaysia 

South Korea 

Taiwan 

ACJ319 1 1 

ACJ320 1 1 

ACJ330 1 1 

BBJ 1 1 

BBJ2 1 1 1 3 





Citation Mustang 2 2 


Citation X+ 1 1 

Citation XLS/+ 3 3 

Falcon 2000LXS 1 1 

Falcon 2000S 1 1 

Falcon 7X 6 1 7 






Global 5000 1 2 1 4 

Global 6000 3 4 2 1 10 



Lineage 1000E 1 1 2 

Total 48 18 8 3 3 2 1 1 1 1 1 87 

Total 


2014 Pre-Owned Deliveries by Country and Aircraft Model 

42 in Total 

Hong Kong 

China 

Malaysia 

Indonesia 

Singapore 

Japan 

Philippines 

Taiwan 

Macau 

Myanmar 

Thailand 

BBJ 2 2 

BBJ2 1 1 






Eclipse 500 1 1 

Falcon 2000LX 1 1 2 

Falcon 50 1 1 

Falcon 7X 2 2 







Global 5000 1 1 

Global 6000 1 1 



Hawker 400/A/XP 1 1 1 3 






Sabreliner 65 1 1 

Total 14 9 4 3 3 2 2 2 1 1 1 42 

Total 


51

2014 Deductions by Country and Aircraft Model 

32 in Total 

Hong Kong China Macau Taiwan Total 








Falcon 7X 1 1 




Global 5000 1 1 

Global 6000 1 1 


Hawker 4000 1 2 3 



Total 16 10 3 3 32 


GREATER CHINA 

GREATER CHINA – MARKET TRENDS 

In the context of the Asia Pacific region, not too surprisingly due to the dominance of the China market, the 

Greater China business jet fleet at the end of 2014 represents the lion’s share of the installed fleet in the Asia- 

Pacific region with 59% of the aircraft (439 in total). Individually, China represents 40% of the Asia Pacific fleet, 

followed by Hong Kong with 15%, Taiwan 2% and Macau 1%. 

Compared to year-end 2013 however, the Greater China fleet grew only 15.5% in 2014 pulled down by lower 

fleet growth in China specifically and consequently, the Greater China fleet portion of the total Asia Pacific fleet 

remained unchanged 2013 to 2014. 

From an OEM’s perspective and whether their fortunes will rise or fall in the Asia Pacific region in the near 

future, different manufacturers have very different dependencies on the Greater China market. Keeping in mind 

that the Greater China market is very much a large cabin / long range market, it is not too surprising that Hawker 

and Cessna have just over a third (32% and 37%) of their Asia Pacific fleet based in Greater China versus 83%, 

72%, 72% and 64% for Airbus, Dassault, Gulfstream and Bombardier respectively. Of note are Embraer and 

Boeing (57% and 39%), with Embraer having a large fleet in Indonesia to counter balance Greater China, and 

Boeing doing very well at placing aircraft throughout the Asia Pacific region. 

Year-End 2014 Review 

In ASG’s 2013 year-end business jet fleet report, it was expected that the Greater China market would grow at 

20% and reach 445 aircraft by the end of 2014. ASG also highlighted a number of market drivers that could 

end up influencing these numbers. 

These market drivers were: 

● Austerity measures put in place by the Central Government in Beijing 

● The introduction of a more clearly defined tax structure for business jets registered in China 

● Operational and infrastructure issues like parking constraints in Hong Kong 

To these we can also now add: 

● Spending fears linked to the on-going corruption crackdown by the Central Government 

● The slowing pace of GDP growth in China 

In line with ASG’s predictions, market drivers did exactly as expected and 2014 saw growth in the Greater 

China market of only 15.5% - a drop of 5% from the growth rate achieved from 2012 to 2013. The net number 

of aircraft (new deliveries plus pre-owned additions minus deletions from the market) added to Greater China 

in 2014 was 59 in total versus 64 in 2013 and over 100 in 2012. The Greater China market is very much in 

decline. 

When breaking the 2013 net numbers down even further versus 2014, new aircraft deliveries held up through 

2014 (+21%) and even deletions decreased (-17%). The big change was therefore in the pre-owned deliveries. 

In 2013, pre-owned aircraft represented almost half the additions to the Greater China fleet. In 2014 this 

number was just 28%. In 2013 there was almost an insatiable, immediate demand for aircraft in Greater China. 

The only way to meet this requirement was through more pre-owned aircraft sales, with a vast majority of these 

sales being relatively new, i.e. recently delivered & low time pre-owned aircraft. With the austerity measures 

and corruption crackdown gaining steam through the course of 2014 however, buyer demand and sentiment 

declined, directly impacting pre-owned aircraft sales. 


GREATER CHINA 

Winners and Losers in 2014 

If we look at China, Hong Kong, Taiwan and Macau individually, the net business jet fleet growth for 2014 in China 

and Hong Kong were almost the same: 16.0% versus 16.3%. This represents a considerable change in the growth 

rate of these 2 key markets. In 2013, China’s fleet grew at 26.7% and Hong Kong at a mere 5.4%. This change in 

fortunes is directly attributable to the market drivers outlined above. 

Examining Greater China’s net growth further, in the dominating large size category and up, there were only two 

OEMs that added more aircraft in 2014 than in 2013. These were Boeing and Embraer, recognizing though that 

these OEMs also have amongst the smallest market shares in Greater China. All the other OEMs – Gulfstream, 

Bombardier, Falcon and Airbus added less aircraft in 2014 than in 2013. 

On the important topic of new aircraft deliveries, Gulfstream, Bombardier, Cessna and Boeing all increased their 

deliveries of new aircraft into Greater China in 2014 (however, see “Forecast for 2015”). All the other manufacturers 

either saw flat growth or delivered fewer new aircraft than in 2013. The top 4 aircraft models delivered in 2014 were 

the G550, the G450, Falcon 7X and Global 6000. 

For pre-owned aircraft deliveries, only Falcon and Hawker saw increases and only Gulfstream saw their deletions 

increase. 

Of note is also the small 2014 net growth in the Light and Very Light size categories. This is directly attributable to 

the opening up of the lower airspace across China which is in turn encouraged growth in the flight training sector. 

The only category which has seen a declining growth year on year 2012 through 2014 is the Medium size category. 

NET FLEET GROWTH 2012-2014 

Per Aircraft Base 

297 

256 

2012 2013 2014 

202 

93 98 114 14 11 11 7 

15 17 

China Hong Kong Macau Taiwan 


55

GREATER CHINA 

Net Fleet Growth 2012-2014 by OEM 

142 

161 

2012 2013 2014 

117 

111 

123 

92 

19 

31 

41 

34 

35 

38 

8 

16 

25 

28 

20 19 18 20 

14 

4 

7 

12 

Gulfstream Bombardier Dassault Cessna Embraer Hawker Airbus Boeing 

Net Fleet Growth 2012-2014 by Size Category 

151 

153 

122 

134 

2012 2013 2014 

91 

103 

63 

58 

54 

20 

28 

39 

23 

21 

22 

16 17 

20 

Corp. Airliner Long Range Large Medium Light Very Light 


GREATER CHINA 

Net Fleet Growth by Models 2012-2014 – Top 40 Models 

72 

64 

2012 2013 2014 

52 

52 

46 

33 

30 

10 

22 

25 

23 

22 

21 

20 19 

11 

17 17 

9 

13 

16 

9 

14 

12 1313 

12 

5 

1 

5 

Gulfstream 

G550 

Gulfstream 

G450 

Falcon 7X 

Challenger 

605 

Gulfstream 

G200 

Challenger 

850 

Global 

5000 

Legacy 

650 

Citation 

CJ1/+ 

Global 

6000 

13 

11 11 

10 10 10 

8 8 

7 

8 8 9 8 8 8 9 8 7 7 8 7 

5 5 

5 

4 

3 

2 

6 6 

5 

Challenger 

870 


/Excel 

BBJ 

Hawker 

800/850 

CRJ200 VIP 

ACJ319 

Challenger 

300 

Global Express Lineage 

XRS 1000/1000E 

ACJ318 

4 

2 

6 

9 

7 6 

3 

5 5 

5 5 5 5 

4 4 4 4 4 

4 4 4 4 4 4 4 

3 3 

1 

Falcon 

900LX 

Global 

Express 

Citation 

Sovereign/+ 

Learjet 

35/36 

A319ER 

Challenger 

604 

Gulfstream 

G280 

Gulfstream 

IV/IV-SP 

Gulfstream V 

Hawker 

400/XP/XTi 

4 4 4 

6 

4 

3 3 

3 3 3 

1 1 1 

1 

2 

2 

2 2 

5 

2 2 2 3 2 2 2 

Learjet 

60/60XR 

Citation 

Mustang 

Gulfstream 

G650 

Hawker 

900/XP 

Legacy 

600 

BBJ2 

Citation 

II/Bravo 

Citation 

S/II 

Falcon 

2000LX 

Falcon 

900DX/EX 


57

GREATER CHINA 

Net Fleet Change by Model 2012-2014 

2012 2013 2014 

7 

8 

3 

3 

13 

1 

6 

4 

1 

2 

3 

-1 

7 

1 

1 

3 

1 4 

1 71 

2 

2 

1 

2 

-1 

-2 

3 

-3 -4 

-2 

6 

2 

5 

1 

-1 

4 

2 

-1 

5 

2 

-1 

-1 

1 

1 

4 

-3 

-2 

1 

2 

1 

-2 

1 

-1 

1 

1 

1 

-1 

2 2 

1 

3 

-2 -2 

-1 

-1 

Airbus 319VIP 

ACJ318 

ACJ319 

ACJ320 

ACJ330 

BBJ 

BBJ2 







CRJ200VIP 

Global 5000 

Global 6000 



Learjet 60/XR 

Citation CJ1 

Citation CJ3 

Citation Excel 




GREATER CHINA 

14 

11 

12 

9 

19 

12 

5 

22 

3 

4 

12 

3 

2 

2 

7 2 

3 

5 

1 

2 

2 

4 4 

-1 1 -1 1 2 

2 2 

1 

2 

1 

1 1 

-1 -1 

-1 

-5 -3 

-4 

-6 

-2 

-4 

-5 

-6 

2 

1 

-1 

-1 

-1 

1 1 

1 

-3 

-4 

2 2 

-2 -2 

-1 


Citation X 


Falcon 2000 

Falcon 7X 

Falcon 900LX 

Legacy 600 

Leagacy 650 

Lineage 1000 

Lineage 1000E 

Phenom 300 








Gulfstream V 

Hawker 400 /A/XP 

Hawker 4000 

Hawker 750 

Hawker 800 A/B/XP 

Hawker 900XP 


59

GREATER CHINA 

AIRCRAFT ADDITIONS AND DEDUCTIONS 

2014 

59 Net Additions 

Additions 

68 New Deliveries 26 Pre-owned 

94 

-35 

Deductions 

Net Additions 

59 

2013 


Additions 

56 New Deliveries 50 Pre-owned 

106 

-42 

Deductions 

Net Additions 

64 

2012 


Additions 

111 

-9 

Deductions 

Net Additions 

102 


61

GREATER CHINA 

Net Additions in 2014 

59 in total 

Falcon 7X 

-1 

7 

2 


-6 

11 3 

Global 6000 

-1 

7 

1 


6 


-5 

8 

3 

Legacy 650 

5 


4 

BBJ 

1 

2 

Global 5000 

-1 

3 

1 


3 


2 

BBJ2 

2 


2 

Falcon 900LX 

Lineage 1000 

1 

1 

1 

1 

Lineage 1000E 

Gulfstream 650 

ACJ330 

ACJ320 

2 

2 

1 

1 

Deductions 


Pre-owned 


1 


1 

Falcon 2000S 

1 


-1 

1 

Learjet 60/XR 

-1 

1 


-1 

1 


-1 

Hawker 900XP 

-1 


-1 

Citation CJ3 

-1 


-2 

1 

Falcon 2000LX 

-2 

1 


-4 

3 


-2 


-2 

Hawker 4000 

-3 

-3 


GREATER CHINA 

New Deliveries by OEM 2013-2014 

25 

2013 2014 

19 

16 

14 

10 

9 

8 8 

2 

5 

1 

3 2 2 

Gulfstream Bombardier Dassault Embraer Cessna Boeing Airbus 

MODEL 2013 2014 

ACJ318 1 - 

ACJ319 1 - 

ACJ320 - 1 

ACJ330 - 1 

BBJ 1 1 

BBJ2 - 2 

Challenger 300 1 - 



Challenger 870 - 6 

Global 5000 1 3 

Global 6000 3 7 

Citation CJ1 1 - 

Citation Sovereign/+ 1 - 

Citation Mustang - 2 

Citation XLS/+ - 3 

Falcon 7X 11 7 


Falcon 2000 1 1 

Legacy 600 1 - 


Lineage 1000/E 2 3 

Phenom 300 1 - 

Gulfstream G280 - 4 




Total 56 68 


63

GREATER CHINA 

Pre-owned by OEM 2013-2014 

17 

20 

2013 2014 

9 

6 

1 

4 

1 

3 

2 2 

1 1 

5 

1 

3 

Gulfstream 

Bombardier 

Dassault 

Hawker 

Boeing 

Embraer 

Cessna 

Airbus 

MODEL 2013 2014 

ACJ318 1 - 

ACJ319 2 - 

BBJ 2 2 




CRJ200VIP 1 - 

Global 5000 3 1 

Global 6000 2 1 



Learjet 60/XR - 1 


Citation VI 1 - 

Citation X 1 - 

Citation XLS 1 - 

Falcon 2000LX - 1 

Falcon 7X 1 2 


Legacy 600 1 - 

Lineage 1000 - 1 

Gulfstream G100 1 - 




Hakwer 400/A/XP - 1 

Hawker 800A/B/XP - 2 

Hawker 4000 1 - 

Total 50 26 


GREATER CHINA 

Deductions by OEM 2013-2014 

2013 2014 

15 

11 11 

10 

9 

4 

6 

3 3 3 

1 1 

Gulfstream Bombardier Hawker Dassault Cessna Airbus Embraer 

MODEL 2013 2014 

ACJ318 1 - 




CRJ200VIP 1 - 


Global Express XRS 2 - 

Global 5000 - 1 

Global 6000 1 1 

Learjet 60/XR - 1 

Citation CJ3 - 1 

Citation XLS/+ 5 - 


Citation VI/VII - 1 

Falcon 2000 3 - 


Falcon 7X - 1 

Lineage 1000 1 - 



Gulfstream G550 - 6 

Gulfstream IV 1 - 

Hawker 750 4 - 

Hawker 800A/B/XP 2 - 


Hawker 4000 1 3 

Total 42 35 


65

GREATER CHINA 

Fleet by Operator & Models – 2012-2014 

Deer Jet 

21 

20 

18 

2012 2013 2014 

57 67 70 

13 

12 

1 1 1 2 2 2 1 

2 2 3 

2 1 1 

1 1 

1 

2 3 4 

1 

7 7 

6 

4 

33 

3 

1 1 1 

33 

3 

6 6 6 

3 3 

2 2 2 

1 

5 

4 4 4 

2 2 

3 3 3 

2 

1 1 1 1 1 1 1 1 1 1 1 

TAG Aviation 

2012 2013 2014 

25 34 49 

9 

8 

7 

6 

5 

2 2 2 2 3 4 4 4 4 

4 

4 

3 

2 

2 3 2 2 

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 

1 

1 

 

ACJ319 


 


 


 


 

Global 5000 

 

Global 6000 



Learjet 60/XR 

Legacy 600 

Legacy 650 

Lineage 1000 

Falcon 2000LX 

Falcon 7X 

Falcon 900LX 

 


 


 


 


A319ER 

ACJ319 

ACJ320 

 

 

BBJ 


 

 

 

Global 6000 


Falcon 2000S 

Falcon 7X 

Falcon 900LX 




Gulfstream IV 

 


 

 

Gulfstream V 

Hawker 4000 

 

Hawker 800/850 

Hawker 900/XP 

 

BAA 

2012 2013 2014 

34 40 45 

1 

3 

2 

8 

1 1 1 

3 

1 2 

2 2 

1 

8 

7 7 

5 

9 

8 

2 2 

 

ACJ318 

 

ACJ319 



 

Global 6000 

 

Learjet 60/XR 

 


Lineage 1000E 

Falcon 7X 

Falcon 900EX 

Falcon 900LX 




Hawker 4000 

 

 

 


GREATER CHINA 

Metrojet 

2012 2013 2014 

28 30 35 

12 1314 

5 

4 4 

3 

1 1 1 1 1 1 1 2 

3 3 

2 

1 

1 

2 

1 1 1 1 1 1 1 1 1 1 1 1 1 

1 1 1 1 

BBJ 




 

Global 5000 



Citation Sovereign /+ 

 


Legacy 600 

Legacy 650 

Lineage 1000 





Gulfstream V 


2012 2013 2014 

21 22 30 

8 8 8 

7 

4 4 

3 

4 

2 2 2 

2 2 

1 1 2 2 1 1 1 1 1 1 1 1 1 

1 

 

ACJ318 

 


China Eastern 

5 

3 3 

2 3 2 

3 3 

1 1 1 1 1 1 1 1 1 1 

1 

1 1 1 1 1 1 

ACJ318 



Citation Sovereign /+ 

Falcon 2000LX 

Legacy 650 





Global 5000 

Global 6000 


Citation CJ3 

Falcon 7X 

Falcon 900LX 





2012 2013 2014 

11 14 16 


67

GREATER CHINA 

Minsheng Int’l Jet 

6 

2012 2013 2014 

6 6 14 

1 

1 

1 2 2 

1 1 

1 

3 

1 

1 

2 

1 

1 

1 

Citation XLS/+/Excel 


 

Falcon 7X 

 

Falcon 900DX 

Falcon 2000 

Legacy 650 

 

Lineage 1000 

Lineage 1000E 




Hawker 900/XP 

China United 

7 7 

2012 2013 2014 

17 18 13 

3 3 

2 

5 5 5 

5 

2 2 

1 1 

ACJ319 


CRJ200VIP 

Citation Bravo/II 

 


Lily Jet 

2012 2013 2014 

8 11 12 

2 2 

2 

1 1 

5 4 

3 

1 1 

1 

1 

1 1 1 

1 1 

1 1 

 




CRJ200VIP 

Global 5000 

Global 6000 




Hongkong Jet 

2012 2013 2014 

4 7 12 

2 2 2 

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 

ACJ318 

 

ACJ319 

BBJ 

 


Global 5000 

 



Falcon 7X 

Legacy 650 




Hawker 4000 



69

GREATER CHINA 

FOREIGN AIRCRAFT OPERATION HIGHLIGHTS* IN CHINA 

Aerodrome – Specific Restrictions 

Landing Slot Restictions 

Beijing Capital Int’l Airport 

(ZBAA) 

Shanghai Hongqiao Airport 

(ZSSS) 

No takeoff between 07:00 - 09:59 

Only one slot avialable 06:00 - 23:59 

No takeof f & landing between 00:00 - 05:59 

Not allowed to operate to/from the east / 

northeast direction between 07:00 - 22:59 

Beijing Capital Airport (ZBAA) 

Shanghai Hongqiao Airport (ZSSS) 

Shanghai Pudong Airport (ZSPD) 

Guangzhou Baiyun Airport (ZGGG) 

Shenzhen Bao’an Airport (ZGSZ) 

No double 

movement 

between 

08:01 - 

21:59 

Sponsor Letters 

• Inviting company background info 

• Purpose of flight and visit 

• Passenger detailed info 

• Contact methods of the sponsor 

• Aircraft regulations 

• Flight number 

• Aircraft model 

• Full schedule 

Chengdu 

Jiamusi 

Hulumbuir 

Mudanjiang 

Yanji 

Beijing 

Weihai 

Shanghai 

Guangzhou 

Taipei 

Haikou 

Hong Kong 

Airport Restrictions 

Jiamusi Dongjiao Airport (ZYJM) 

Mudanjiang Hailang Airport (ZYMD) 

Hulunbuir Hailar Airport (ZBLA) 

Yanji Chaoyangchuan Airport (ZYYJ) 

Mudanjiang Hailang Airport (ZYMD) 

Weihai Dashuibo Airport (ZSWH) 

*information provided by AsBAA 

Not open except for 

Russian registered 

aircraft 

Not open except for 

South Korea registered 

aircraft 

China Landing Permit Regulations 

Within China: 

Landing permit application to be subimitted 2 to 3 days in advance. 

Landing permit application cannot be changed more than twice. 

One permit may only contain 6 sectors. 

For domestic flight operations: 

A Chinese navigator must be arranged beforehand 

Both government and sponsor letter are needed 

At least 7 working days are required to apply. Once submitted, it may 

not be revised. 


GREATER CHINA 

FORECAST FOR 2015 

The forecast for 2015 for the Greater China market is dire indeed. For one, all of the market drivers noted earlier 

in this report will remain throughout the year and continue to negatively influence buying sentiment in the Greater 

China market. ASG also expects pre-owned activity to remain low and deductions to increase as more and more 

owners either sell their existing aircraft or move them out of the region. But whereas 2014 was propped up by new 

aircraft deliveries from the OEMs, this will not be the case in 2015. As noted earlier, new aircraft deliveries slightly 

increased in 2014. However, this was the end result from orders placed in 2012 and 2013. 2015 will see a decline 

in new deliveries as OEM sales in Greater China declined in 2014. 

Additionally a major influence on new aircraft deliveries by OEMs in 2015 will be the existing backlog with the 

Chinese leasing companies. By ASG’s estimation, between the 5 main Chinese business jet leasing companies, 

there exists roughly 30 new aircraft either delivered and unsold or due to be delivered in 2015 hanging over the 

market. These new aircraft will in particular present significant market challenges to Gulfstream and Bombardier 

throughout the year as both these OEMs and leasing companies compete for the same base of dwindling potential 

buyers. Of note and a harbinger for deliveries beyond 2015, even though these leasing companies have historically 

been large buyers of new aircraft, they are unlikely to place any new orders in 2015. 

The potential silver lining is that while the combined effects of slowing GDP and the government’s austerity / anticorruption 

measure have weighed heavily on the Greater China market in 2014, the relatively favourable exchange 

rate, combined with willing sellers, willing operators and willing financiers in 2015 should provide a small measure of 

positive outlook for the market. 

All things considered through, ASG is still predicting the Greater China market to slow overall in 2015 and growth to 

be in the area of just 10%. 

No of 

Aircraft 

500 

+41.5% 

+42.3% 

+49.8% 

400 380 

40% 

439 

480 

Growth 

Rate % 

50% 

316 

300 

+28.3% 

30% 

+25.4% 

211 

+20.3% 

200 20% 

148 

+15.5% 

118 

100 92 

+9.33% 

10% 

65 

0 0 

2007 2008 2009 2010 2011 2012 2013 2014 2015 


71

SUPPORT INFRASTRUCTURE 

Airbus 

Maintenance Service Centres in Asia Pacific 

Facility Location Aircraft Model 

Line 

Maintenance 

Beijing Support Centre Beijing, China ● 

ST Aerospace Singapore ACJ318/319/320 ● ● 

Heavy 

Maintenance Spare Parts Refurbishment 

Sepang Engineering KL, Malaysia ACJ318/319/320 ● ● ● ● 

HNA Aviation Technik Haikou, China ACJ318/319/320 ● ● 

China Eastern Technik Shanghai, China ACJ318/319/320 ● ● 

AMECO Beijing, China ACJ318/319 ● 

STARCO Shanghai, China ACJ318/319/320 ● ● 

STAECO Jinan, China ACJ318/319/320 ● ● 

TAECO Xiamen, China ACJ318/319/320 ● ● 

HAECO Hong Kong ACJ319/320 ● ● 

Training Centres Worldwide 

Hamburg, Germany 

Toulouse, France 

Beijing, China 

Miami, Florida, USA 

Bangalore, India 


73

Boeing 



Line 

Maintenance 

Beijing Service Centre Beijing, China BBJ/BBJ1/BBJ2 ● 

Heavy 

Maintenance 

Boeing Shanghai Service Shanghai, China BBJ/BBJ1/BBJ2 ● ● ● 

AMECO Beijing, China BBJ/BBJ1/BBJ2 ● ● 

STARCO Shanghai, China BBJ ● 

STAECO Jinan, China BBJ ● 

TAECO Xiamen, China BBJ/BBJ1/BBJ2 ● ● 

SMECO Chengdu, China BBJ ● 

HAECO Hong Kong BBJ/BBJ1/BBJ2 ● ● 

Jet Aviation Singapore BBJ/BBJ1/BBJ2 ● 

ST Aerospace Singapore BBJ/BBJ1/BBJ2 ● ● 

Spare 

Parts 

Refurbishment 


London Gatwick, UK 

Casablanca, Morocco 

Istanbul, Turkey 

Incheon, South Korea 

Seattle, Washington, USA 

Atlanta, Georgia, USA 

Miami, Florida, USA 

Mexico City, Mexico 

Singapore 

Brisbane, Australia 

Sydney, Australia 

Melbourne, Australia 

Buenos Aires, Argentina 


Bombardier 



Line 

Maintenance 

Heavy 

Maintenance 

Spare 

Parts 

Refurbishment 

Bombardier Service Centre Singapore Learjet, Challenger and Global ● ● ● ● 

Shanghai Hawker Pacific Shanghai, China Global ● 

ExecuJet Haite Tianjin, China L60, CL604/605, Global ● 

STAECO Jinan, China CRJ200, CL604/605, Global ● ● 

Metrojet Hong Kong CL300, CL604/605, CL800, Global ● 

Jet Aviation Singapore L40/45, L60, CL300, CL604/605, Global ● ● 

ExecuJet Malaysia KL, Malaysia L60, CL300, CL604/605, CL800, Global ● 

Airworks Mumbai, India L60, CL300, CL604/605, Global ● 

JAMCO Sendai, Japan Global ● ● 

Jet Aviation Hong Kong CL604/605, Global ● 

ST Aerospace Singapore L40/45, L60 ● 


Amsterdam, Netherlands 

Burgess Hill, West Sussex, UK 

Montreal, Canada 

Dallas, Texas, USA 

Morristown, New Jersey, USA 

Dubai, UAE 

Houston, Texas, USA 

Toluca, Mexico 


75

Cessna 



Line 

Maintenance 

Heavy 

Maintenance 

Spare 

Parts 

Refurbishment 

Cessna Service Centre Singapore Cit Mustang, XLS, Sovereign ● ● ● ● 

Beijing Dingshi GA Beijing, China Cit XL, Sovereign, X ● ● 

Shanghai Hawker Pacific Shanghai, China Cit XLS, Sovereign, X ● ● 

Okayama Air Service Okayama, Japan Cit 500s, Mustang, CJs, Sovereign ● ● 

SR Aviation Kuala Lumpur Cit CJ, Mustang, X ● ● 

Airworks Mumbai, India Cit II, Sovereign ● ● 

Jet Aviation Singapore Cit X ● 

Mjets Bangkok, Thailand Cit X, Mustang, CJs (except CJ4) ● 


Antwerp, Belgium 

Hradec Kralove, Czech Republic 

Zurich, Switzerland 

Riyadh, Saudi Arabia 

Seosan, South Korea 

Fairbanks, Alaska, USA 

Aurora, Oregon, USA 

Creswell, Oregon, USA 

Bend, Oregon, USA 

British Columbia, Canada 

Kapolei, Hawaii USA 

Maui, Hawaii, USA 

Gig Harbor, Washington, USA 

Snohomish, Washington, USA 

Sydney , Australia 


Dassault 



Line 

Maintenance 

Heavy 

Maintenance 

Spare 

Parts 

Refurbishment 

Shanghai Hawker Pacific Shanghai, China F7X, F2000s, F900s ● 

Hawker Pacific Asia Singapore All Falcon products ● ● ● ● 

Dassault Business Services Beijing, China All Falcon products ● 

Jet Aviation Hong Kong F7X, F2000s, F900s ● ● 

Airworks Mumbai, India F900s ● 

TAJ Air Mumbai, India F2000EX, F2000EX EASy ● 

Siddhartha Logistics Co Pvt Ltd Mumbai, India All Falcon products ● 


Chichester, West Sussex, UK 

Merignac, France 

Dubai, United Arab Emirates 

Colombus, Ohio, USA 


Teterboro, New Jersey, USA 

Whippany, New Jersey, USA 

Wilmington, Delaware, USA 

Little Rock, Arkansas, USA 


77

Embraer 



Line 

Maintenance 

Heavy 

Maintenance 

Embraer China Services Beijing, China All Embraer Models ● 

STAECO Jinan, China Legacy 600/650, Lineage 1000 ● ● 

ExecuJet Haite Tianjin, China Legacy 600/650, Lineage 1000 ● 

Spare 

Parts 

Refurbishment 

China Eastern Shanghai, China Legacy 600/650 ● ● 

Metrojet Hong Kong Legacy 600/650, Lineage 1000 ● 

Hawker Pacific Asia Singapore 

Phenom 100/300, Legacy 

600/650, L1000 

● 

● 

WJA Aviation Jakarta, Indonesia Legacy 600/650 ● 

Airworks Mumbai, India Phenom 100/300, Legacy 600/650 ● 

Indamer New Delhi, India Legacy 600/650, Lineage 1000 ● ● 


Paris, France 

Long Beach, California, USA 


St. Louis, Missouri, USA 

Atlanta, Georgia, USA 

Houston, Texas, USA 

Sao Paulo, Brazil 


Gulfstream 



Line 

Maintenance 

Heavy 

Maintenance 

Spare 

Parts 

Refurbishment 

Gulfstream Service Centre Beijing, China G200, G450, G550 ● ● ● ● 

Metrojet 

Hong Kong 

GV, GIV/GIV-SP, G100, G150, G200, 

G300, G350, G450, G550, G650 

● 

● 


Hong Kong 

GIV/GIV-SP, G300/G400, G100, G150, 

G200, G450, G500/550, G650 

● 

Jet Aviation Pte 

Singapore 

GV, GIV/GIV-SP, G100, G150, G200, 

G280, G300/G400, G450, G500/G550 

● 

● 

Airworks 

Mumbai, India 

G100, G200, G300/G400, G450, 

G500/G550, GIV/GIV-SP, GV 

● 

● 

JAMCO 

Sendai, Japan 

G300/G400, G500/G550, GIV/GIV-SP, 

GV 

● 

● 

STAECO Jinan, China G450 ● ● 


Chichester, West Sussex, UK 

Hong Kong 

Colombus, Ohio, USA 

Dallas, Texas, USA Wilmington, Delaware, USA 

Long Beach, California, USA 

Savannah, Georgia, USA 

Haikou, China 


79

FIXED-BASE OPERATORS (FBO) – ASIA PACIFIC 

KBAS 

Flightrans Jet 

C-jet FBO 

AVJET Asia 

Beijing 

AA Corporation 

Seoul 

Tokyo 

IASS 

Shanghai Hawker Pacific Business Aviation Centre 

Premier Gate Business Aviation 

Shanghai 

Eva Sky Jet Centre 

Deer Jet FBO 

MJets 

Royal Skyways 

ASE Handling 

Macau Business Aviation Centre 

Bangkok 

Kuala Lumpur 

Singapore 

Macau 

Haikou 

Sanya 

Hong Kong 

Taiwan 

Taiwan Taoyuan Business Aviation Centre 

Executive Aviation FBO 

Hong Kong Business Aviation Centre 

Deer Jet FBO 


Universal Aviation 

Wings Over Asia 

Hawker Pacific Asia 

Win Air Business Jet FBO 

Jarkarta 

Bali 

ExecuJet Indonesia 

AeroHandlers 

SkyPark Malaysia 

IndoAsia Ground Services 

Nusantara Aviation Services 

Smooth Route 


81


Financing Institutions 

Name Office Location Finance Lease Operating Lease 

GE Capital International ● 

CIT International ● ● 

BNP Paribas International ● 

UBS International ● 

Citi Bank International ● 

Bank of America International ● ● 

Credit Suisse International ● 

Goldman Sachs International ● 

Global Jet Capital International ● ● 

SMBC Aviation Capital International ● ● 

WellsFargo Bank Northwest, N.A. International ● 

LaserLine Lease Finance Corporation International ● 

Minsheng Bank China ● ● 

ICBC China ● 

Bank of China (BOC Aviation) China ● 

Industrial Bank China ● ● 

China Development Bank China ● 

China Merchants Bank China ● ● 

Agriculture Bank of China China ● ● 

Changjiang Leasing China ● ● 

AVIC Leasing China ● 

Shanghai Guojin Leasing China ● 

Anbang Insurance China ● 

China Huarong Financial Leasing China ● 

CITIC Futong China ● 

China Trust Taiwan ● 

Chailease Finance Taiwan ● ● 

ITC-Leasing, Inc. Japan ● ● 

Sumitomo Mitsui Finance and Lease Co., Ltd. Japan ● 

Legal Firms 

Involving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimize 

both costs and potential problems relating to the aircraft for the long run. Aircraft transactions are complicated and 

involve a sizable number of documents, including sales and purchase agreement, financing agreement, aircraft 

management agreement, and all specification, registration, and importation documents, just to name a few. Due to 

the unique nature of aircraft transactions, industry experts and specialists in both the legal and commercial aspects 

of transactions will be needed to scrutinize each transaction as to ensure that seller or buyer’s legal interests are best 

protected and the best commercial terms are obtained. 

ASG will liaise with top law firms should legal services be required, and thereby ensure a smooth transaction both 

legally and commercially. 

Law Firm Region Law Firm Region 

King & Wood Mallesons China Lee & Ko Korea 

Run Ming Law Offices China Yulchon LLC Korea 

Clifford Chance Hong Kong Yoon & Yang LLC Korea 

Clyde & Co Hong Kong Appleby Offshore 

Holman Fenwick William Hong Kong Bedell Cristin Offshore 

Mayer Brown JSM Hong Kong Carey Olsen Offshore 

Stephenson Harwood Hong Kong Conyers Dill & Pearman Offshore 

William K K Ho & Co. Hong Kong Harney Westwood & Riegels Offshore 

Lee and Li Taiwan Maples and Calder Offshore 

Tsar & Tsai Law Firm Taiwan Mourant Ozannes Offshore 

Shook Lin & Bok Indonesia Walkers Offshore 

Anderson Mori & Tomotsune Japan SyCip Salazar Hernandez & Gatmaitan Philippines 

Nagashima Ohno & Tsunematsu Japan Hogan Lovells Singapore 

Nishimura & Asahi Japan Milbank Singapore 

Squire Sanders Japan Watson Farley & Williams Singapore 

Bae, Kim & Lee Korea Siam Premier Thailand 

Kim & Chang 

Korea 

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 83

INTERIOR COMPLETION CENTRES WORDWIDE 

Fokker Air Services 

Papendrecht , South Holland, Netherlands 

Lufthansa Technik 

Hamburg, Germany 

Kvand Aircraft Interiors 

Moscow, Russia 

SR Technics 

Zurich, Switzerland 

Delta Interior Design 

Sirone, Italy 

Amac Aerospace 

Jet Aviation Management 

Basel, Switzerland 

Haeco Private Jet Solutions 

Xiamen, China 

Airbus Corporate Jet Centre 

Toulouse, France 

JCB Aero 

Auch, France 

Sabena Technics 

Bordeaux, France 

ST Aerospace 

Paya Lebar, Singapore 

Flying Colours Corp 

Singapore 


Cascade Aerospace 

Abbotsford, Canada 

Greenpoint Technologies 

Kirkland, WA, USA 

Standard Aero, Associated Air Centre 

Springfield, IL, USA 


St. Louis, MO, USA 

Bombardier Aerospace 

Wichita, KS, USA 

Gulfstream Completion Centre 

Appleton, WI, USA 

Comlux Completion USA 

Indianapolis, IN, USA 


Peterborough, Ontario, Canada 


Montreal, QC, Canada 

Innotech Aviation 

Montreal, QC, Canada 

Cessna Completion Centre 

Wichita, KS, USA 


Long Beach, CA, USA 

GDC Technics 

San Antonio, TX, USA 

L-3 Platform Integration 

Waco, TX, USA 

Bizjet 

Tulsa, OK, USA 

Dassault Falcon Jet 

Little Rock, AR, USA 

PATS Aircraft Systems 

Georgetown, DE, USA 


St. Louis, MO, USA 

Embraer Completion Centre 

Melbourne, FL, USA 


Savannah, GA, USA 

Gulfstream Completion Centre Duncan Aviation 

Brunswick, GA, US Hillaero Modification 

Lincoln, NE, USA 

Gulfstream Service 

Centres Standard 

Aero, Associated Air 

Centre 

Dallas, TX, USA 

Embraer Completion Centre 

Sao Paulo, Brazil 

Altitude Aerospace Interiors 

Auckland, New Zealand 


85

OEM Completion Centres 

NAME 

AIRCRAFT CAPABILITIES 

Airbus Corporate Jet Centre 

Airbus ACJ Family 


Bombardier, Learjet 

Dassault Falcon Jet 

Falcon 

Embraer Completion Centre Legacy 600/650, Lineage 1000 and Phenom 100/300 

Gulfstream Service Centres 

Gulfstream 

Cessna Completion Centre 

Cessna 

Independent Completion Centres 

NAME 

AIRCRAFT CAPABILITIES 

Aeria Luxury Interiors 

Boeing and Airbus 

Altitude Aerospace Interiors Boeing BBJ and 787 

Amac Aerospace 

Boeing 747/777/787, Airbus A330/340/380 

Bizjet 

Boeing BBJ, 737CL, 737NG, Airbus ACJ Family and Gulfstream 

Cascade Aerospace 

Boeing 

Comlux Completion USA 

Boeing BBJ and Airbus ACJ Family 

Duncan Aviation 

Falcon, Gulfstream, Global, Challenger, Hawker, Learjet, Citation, Embraer, King Air, Astra / Westwind 

Elliott Aviation 

Hawker, Beechjet, Bombardier 


Challenger, Global 5000/6000, Learjet, Hawker, Falcon, Cessna Citation 

Fokker Air Services 

Airbus ACJ family 

GDC Technics 

Boeing BBJ, 767, 787 and Airbus ACJ, A330, A340 

Greenpoint Technologies 

Boeing BBJ 

Haeco Private Jet Solutions 

Boeing BBJ and Airbus ACJ 

Hillaero Modification Centre 

Learjet, King Air, Citation, Pilatus, Hawker, Beechjet, Diamond, Falcon, TBM, Meridian and Westwind 

Innotech Aviation 

Bombardier 

JCB Aero 

Boeing BBJ (B737 series) and Airbus ACJ (A320 series) 


Boeing BBJ, Airbus ACJ, Bombardier, Gulfstream, Falcon, Hawker 

Kvand Aircraft Interiors 

Tu-134, TU-154B, M, YAK-40,YAK-42 

L-3 Platform Integration Boeing 707/737/747/757, Airbus A310/340, MD11, Gulfstream, Lockheed 

Lufthansa Technik Airbus ACJ Family, Boeing 737CL, 737NG, 747, 767, 777, 787 

PATS Aircraft Systems 

Boeing BBJ, 727, Lineage 1000 and CRJ200 

Sabena Technics 

Airbus, ATR, Boeing, Bombardier, Embraer and Fokker 

SR Technics 

Airbus A320, A330, A340, A380, Boeing 737NG and MD11 

ST Aerospace 

Boeing BBJ and Airbus ACJ 

Standard Aero, Associated Air Centre Boeing BBJ and Airbus ACJ, Falcon Jet, Challenger, Hawker, Gulfstream 


CHARTER AIRCRAFT AVAILABILITY – ASIA PACIFIC 

China 

41 

South Korea 

2 

Japan 

7 

Macau 

2 

Hong Kong 

11 

Thailand 

19 

Philippines 

1 

Malaysia 

3 

Singapore 

19 

Indonesia 

17 


Charter Aircraft Availability by Model 

China 

Hong 

Kong 

Macau Indonesia Japan Malaysia Philippines Singapore 

South 

Korea 

Thailand 

ACJ318 1 1 

ACJ319 1 1 2 

BBJ 1 2 1 1 5 

Boeing 727-100 1 1 




Challenger 605 2 1 1 1 5 


Global 5000 1 1 1 3 

Global 6000 1 1 1 3 


Global Express XRS 2 1 1 4 





Citation Bravo 2 2 


Citation Mustang 2 2 


Citation X 1 1 



Citation VI/VII 1 1 2 









Gulfstream IV-SP 1 1 2 

Gulfsream V 1 1 1 3 


Legacy 650 2 2 4 




Falcon 7X 1 1 


Hawker 800A/B/XP 1 2 2 5 



Premier I/IA 1 1 

Sabreliner 65 1 1 

Nextant 400XT 1 1 

Total 41 11 2 17 7 3 1 17 2 19 120 

Total 


89

PRE-OWNED AIRCRAFT FOR SALE – GLOBAL AVAILABILITY 

Pre-owned Business Jet – % of Fleet for Sale 

11 % 

10% 

9% 

8% 

Hawker 

Bombardier 

Gulfstream 

Embraer 

Dassault 

Cessna 

7% 

Boeing 

Airbus 

6% 

5% 

Jan-14 

Feb-14 

Mar-14 

Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 

Pre-owned Business Jet for Sale – Average Days on Market 

700 

650 

600 

550 

500 

450 

400 

350 

300 

Boeing 

Cessna 

Hawker 

Airbus 

Bombardier 

Embraer 

Dassault 

Gulfstream 

250 

200 

Jan-14 

Feb-14 

Mar-14 

Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 

Source: Jetnet 


91

AIRCRAFT MODELS POSITIONING 

Aircraft Total Yearly Cost vs Maximum Range 

(Million USD/Year) 

Cost 

Yearly 

Total 

20 

19 

18 

17 

16 

15 

14 

13 

12 

11 

10 

9 

8 

7 

6 

5 

4 

3 

2 

ACJ320 

ACJ318 

Lineage 1000E 

ACJ321 

BBJ 2 

BBJ 3 

Global 6000 

G IV SP 

Global 5000 

CL 890 CS 

G450 

G350 

F 900LX F 7X 

Legacy 650 

CL 870 CS 

F 900EX 

CL 850 

G300 

G IV 

F 2000LXS 

Legacy 600 

F 2000LX 

F 2000S 

CL 605 

CL 350 

CL 604 

CL 300 

H 4000 

G280 F 2000EX 

H 900XP CIT Sovereign 

F 50EX 

H 850XP 

G200 

CIT X+ 

CIT XLS+ CIT VII 

CIT Sovereign+ 

L 75 

L 45XR 

G150 

CIT Excel 

CIT Ultra 

H 800XP 

G100 

CIT Encore+ 

H 800 

L 60XR 

H 400XP 

Astra SP 

Beechjet 400A 

L 70 

CIT Bravo 

L 40XR 

Diamond 1A 

CIT CJ3+ CIT CJ4 

Phenom 300 

Premier IA 

CIT CJ2+ 

CIT CJ1+ 

SJ30-2 

Nextant 400XTi 

Phenom 100E 

HondaJet 

Eclipse 550 

CIT Mustang 

CIT M2 

G550 

ACJ319 

BBJ 

G650 


G650ER 


G V 

Corp. Airliner 

Long Range 

Large 

Medium 

Light 

Very Light 

1 

1000 

2000 3000 4000 5000 6000 7000 8000 

Max Range (N.M.) 

Note: Yearly Cost estimated includes Conklin & Decker 2014 industrial cost figures for new aircraft acquisiton cost + 5% ÷ 10 Years, plus 

yearly operating cost +25% to account for regional differences 


Recent & Upcoming Aircraft Models 

By Maximum Range 

Cabin Volume (ft ³) Maximum NBAA FR Range (NM) 

8000 

7000 

6000 

5000 

4000 

3000 

2000 

1000 

By Cabin Volume 

0 

3000 

2500 

2000 

1500 

1000 

2013 

Recently 

Delivered 


Learjet 70 

Learjet 75 

Recently 

Delivered 

Citation M2 


Citation X+ 

G650ER 

Legacy 500 


Legacy 450 


Global 7000 

Citation Latitude 

Falcon 8X 

Global 8000 

Citation Longitude 

PC-24 

Expected First Delivery Year 

G500 

G600 

Upcoming 

2014 2015 2016 2017 2018 2019 

2020 

G650ER 

Legacy 500 


Global 7000 

Citation Latitude 

Falcon 8X 

Falcon 5X 

Global 8000 

Falcon 5X 

Citation Longitude 

G500 

Upcoming 

G600 

500 

Learjet 70/75 

Citation X+ 

Legacy 450 

PC-24 

0 

Citation M2 


2013 2014 

2015 2016 2017 2018 2019 

2020 

Expected First Delivery Year 


93

UPCOMING AIRCRAFT PROFILE 

UPCOMING AIRCRAFT PROFILE 

DASSAULT FALCON 8X 

Currently in development, Dassault’s new flagship, the Falcon 8X, is an ultra-long range jet that puts city pairs such as Hong 

Kong - Paris, London - Cape Town, and Los Angeles - Beijing within reach, with a range of 6,450 N.M. The trijet is powered 

by Pratt and Whitney Canada turbofans which, at 6,722 pounds, deliver 5% more thrust, and the new wing architecture 

lightens the wing and provides more space for fuel. As a trijet, the Falcon 8X will shorten transoceanic routes, and make short, 

stable approaches on landing. The PW300 series engines deliver more pounds of thrust per each pound of fuel, resulting 

in a reduction of NOx emissions that will rank 30% lower in the Falcon 8X than even the strictest of today’s standards. The 

operating cost of the Falcon 8X is 35% lower than its competitors. Flying at a maximum altitude of 51,000 feet, its maximum 

speed is Mach 0.90 Mach. 

The Falcon 8X offers a choice of 30 layouts in its 42.67-foot cabin, the largest in the Falcon fleet. Noise and cabin altitude 

are kept low, and the air quality high. Complete connectivity is possible within the cabin, which is FalconCabin HD+ equipped 

and WiFi capable. The FalconCabin HD+ cabin management system gives passengers control over their environment from 

anywhere in the cabin through their Apple devices. Skybox, the wireless media server with vast iTunes video and music 

capacity, is also available as an option. 

The three extra feet available in the Falcon 8X cabin can accommodate much more living space. Best of all, the space is highly 

configurable to meet the needs of each owner or operator. One can opt for a comfortable three-lounge cabin with a shower aft 

and crew rest provisions forward, or even go for a shorter entryway to add yet more lounge space. Other possibilities among 


the 30 different cabin layouts include a large entryway with spacious, lie-flat crew quarters and a truly grand galley for multiple 

meals. 

The totally redesigned cockpit is equipped with an EASy flight deck. A wide-screen, head-up display, an optional feature, 

integrates enhanced and synthetic vision to optimize situational awareness, even in low visibility conditions. The cockpit also 

features the Honeywall next generation 3D color weather radar system with enhanced turbulence detection capability. 

GENERAL 

Typical Capacity 

8 passengers / 3 crew 

PERFORMANCE 

Max Range 6,450 N.M. / 11,945 km 

Mmo M 0.90 

POWERPLANT 

P&W Canada 

3 x PW307D 

6,722 lb / 29.9 kN 

MAX OPERATING ALTITUDE 

51,000 ft / 5,545 m 

EXTERNAL 

Length 

Height 

Width 

80.2 ft / 24.46 m 

26.1 ft / 7.94 m 

86.75 ft / 26.29 m 

INTERNAL 

Cabin Length 

42.67 ft / 13 m 

Cabin Width 

7.67 ft / 2.34 m 

Cabin Height 

6.17 ft / 1.88 m 

Cabin Volume 1,695 ft³/ 48 m³ 

WEIGHT 

Max Takeoff Weight 73,000 lb / 33,113 kg 

Max Zero Fuel Weight 43,000 lb / 18,598 kg 


95


Your Association 

Needs YOU! 

As young kids we all thought we could be 

super heroes. At AsBAA we help 

our members to become exactly that. 

Get in touch with us today. 

AsBAA is a non-profit driven Asia focused Business Aviation association founded in 2000. 

We are a member of IBAC and affiliated with NBAA. 

For more information about us and how to join, visit our website: www.AsBAA.org or send an e-mail to: info@AsBAA.org

The information contained in this report is provided free of charge for reference only. While such information was 

compiled using the best available data as of December 2014, ASG makes no warranties, either expressed or implied, 

concerning the accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, and 

expressly disclaims any and all liability for damages of any kind, either direct or indirect, arising out of use, reference 

to, or reliance on any information contained within this report. 

ASIAN SKY GROUP 

THANKS TO 

Suite 3905, Far East Finance Centre, 

16 Harcourt Road 

Admiralty, Hong Kong 

STRATEGIC PARTNER 

Telephone +852 2235 9222 

Facsimile +852 2528 2766 

www.asianskygroup.com

ASG-ASIA-PACIFIC-Business-Jet-Fleet-Report-YE2014-EN

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