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YEAR <strong>EN</strong>D <strong>2016</strong><br />
ASIA PACIFIC REGION<br />
BUSINESS JETS<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
I
Beijing<br />
Penglai<br />
Seoul<br />
Chengdu<br />
Shanghai<br />
Shenzhen<br />
Hong Kong<br />
Bangkok<br />
Manila<br />
ABOUT ASIAN SKY GROUP<br />
ASIAN SKY GROUP (ASG), headquartered in Hong Kong with offices throughout Asia, has assembled the most experienced<br />
aviation team in the Asia-Pacific region to provide a wide range of independent services for both fixed and rotary-wing aircraft.<br />
ASG also provides access to a significant customer base around the world with the help of its exclusive partners.<br />
ASG provides its clients with the following business aviation services:<br />
Sales & Acquisitions | Market Research and Consulting | Operational Oversight | Luxury Charter Services<br />
The acclaimed Asian Sky <strong>Fleet</strong> <strong>Report</strong>s are produced by ASG’s market research and consulting team, in collaboration with<br />
Asian Sky Media — a branch of ASG focusing on media and publications.<br />
Asian Sky Media has a growing portfolio of business aviation reports designed to provide valuable information to readers for<br />
a better understanding of the market. Included in the portfolio is the Asia-Pacific <strong>Fleet</strong> <strong>Report</strong>s for both civil helicopters and<br />
business jets, and the Africa <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> <strong>Report</strong> for a breakdown of fleet within respective countries.<br />
Asian Sky Quarterly provides a reader-friendly look at market dynamics within the pre-owned markets of civil helicopters and<br />
business jets. ASG’s latest reports include, the Asia-Pacific <strong>Business</strong> <strong>Jet</strong> Charter <strong>Report</strong>, Asia-Pacific Training <strong>Report</strong> and the<br />
upcoming Asia Pacific Infrastructure <strong>Report</strong> focusing on respective industry segments showcasing the current status and<br />
challenges of the industry.<br />
DISCLAIMER<br />
The information contained in this report is provided free of charge for reference only. While such information was compiled<br />
using the best available data as of December <strong>2016</strong>, ASG makes no warranties, either expressed or implied, concerning the<br />
accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, an expressly disclaims<br />
any and all liability for damages of any kind, either direct or indirect, arising out of use, reference to, or reliance on any<br />
information contained within this report.<br />
CONTRIBUTION<br />
Asian Sky Group would like to acknowledge the gracious contributions made by numerous organizations, including aircraft<br />
operators, OEMs, aviation authorities and JETNET LLC in providing data for this report.<br />
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<br />
as: “Asian Sky Group, a Hong Kong-based business aviation consulting group”.<br />
For information about our aviation services, contact: sales@asianskygroup.com or visit www.asianskygroup.com.<br />
For information regarding ASG publications, contact: media@asianskygroup.com or visit www.asianskymedia.com.<br />
CONTACT<br />
Suite 3905, Far East Finance Centre, 16 Harcourt Road Admiralty, Hong Kong<br />
Telephone +852 2235 9222 | Facsimile +852 2528 2766<br />
www.asianskygroup.com
CONT<strong>EN</strong>TS<br />
02<br />
03<br />
04<br />
10<br />
13<br />
17<br />
21<br />
24<br />
31<br />
34<br />
43<br />
PUBLISHER’S NOTE<br />
EXECUTIVE SUMMARY<br />
MARKET OVERVIEW<br />
AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER<br />
MARKET TR<strong>EN</strong>DS<br />
PERSONALITY PROFILE: MICHAEL AMALFITANO, EMBRAER EXECUTIVE JETS<br />
AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500<br />
OPERATOR OVERVIEW<br />
COMPANY PROFILE: MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
OEM OVERVIEW<br />
COUNTRY PROFILE: GREATER CHINA<br />
FOR OTHER COUNTRY PROFILES VISIT:<br />
WWW.ASIANSKYMEDIA.COM
PUBLISHER’S NOTE<br />
Just in time for the premier business aviation event in Asia (ABACE), Asian Sky<br />
Group is releasing our annual year end <strong>2016</strong> Asia Pacific <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> <strong>Report</strong>.<br />
The fifth installment of this report produces all the expected information, with<br />
a fleet breakdown by country, size and OEM. Readers will see which countries<br />
saw the most growth and which countries suffered declines, as well as which<br />
manufacturers performed best and which size categories were the most popular.<br />
The structure of the report changes a bit though in that specific country reports will now only be available online, where they<br />
can be viewed or downloaded, and are not published in the printed edition of the report.<br />
However, with Greater China being the largest market in the region, we’ve dedicated a special section to it in this report,<br />
offering analysis of what happened throughout the year and forecasts of what’s to come. Although there was only minimal<br />
growth in the Greater China market this year, the Chinese Government has committed to investing in the industry, a<br />
promising outlook for the future.<br />
ASG also had the chance to profile the newly-appointed CEO and President of Embraer Executive <strong>Jet</strong>s, Michael Amalfitano<br />
— his first interview since joining the Brazilian aircraft manufacturer. Additionally, Marubeni Aerospace’s Assistant General<br />
Manager Chie Matsuoka discussed the company’s services and collaborations, aimed at developing Japan’s business<br />
aviation market.<br />
Coinciding with the release of our Asia Pacific <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> <strong>Report</strong> is the unveiling of ASG’s newest branch: Asian<br />
Sky Media. What started out as a single report — the 2012 China <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> <strong>Report</strong> — has grown into a collection<br />
of publications. The dedicated branch will exclusively focus on our growing portfolio, featuring all reports, magazines and<br />
media on a new website: www.asianskymedia.com. Now readers can easily access all our publications and find country<br />
data at the click of a button.<br />
Sincerely,<br />
Jeffrey C. Lowe<br />
Managing Director, Asian Sky Group<br />
2 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
EXECUTIVE SUMMARY<br />
• The Asia-Pacific business jet fleet stood at 1,155 aircraft<br />
by year end <strong>2016</strong>, a 3% increase over 2015. Overall, the<br />
region added 112 aircraft – 57 new and 55 preowned – but<br />
also saw 78 aircraft leave. While still positive, the 34 net<br />
additions in <strong>2016</strong> represent a further slowdown in growth<br />
across the region compared to the 58 net additions and<br />
5.5% growth seen in 2015.<br />
• Pre-owned activity levels (acquisitions and sales in and out<br />
of the Asia Pacific region) saw a dramatic increase in <strong>2016</strong><br />
– from 71 in 2015 to 127 in <strong>2016</strong> (+79%), representing a<br />
64% increase in business volume in terms of dollars from<br />
US$1.1 billion in 2015 to US$1.8 billion in <strong>2016</strong>. When also<br />
considering new aircraft acquisitions, the number of total<br />
transactions in <strong>2016</strong> was 184 versus 131 in 2015 (+40%)<br />
and in dollars US$5.1 billion in <strong>2016</strong> versus US$3.7 billion<br />
in 2015 (+38%).<br />
• Intra-Asia Pacific transaction levels decreased in <strong>2016</strong><br />
though, down to 22 from 38 in 2015. This decrease can<br />
be attributed to the strength & current drawing power of<br />
the US market. Of the 78 deductions from the Asia-Pacific<br />
market, 73% went to the US.<br />
• The Top Four markets of Mainland China, Australia,<br />
India and Hong Kong represent two-thirds of the region’s<br />
business jet fleet, combining for 769 aircraft.<br />
• Mainland China remains the largest single market in<br />
the Asia-Pacific region with 313 business jets, though<br />
its growth rate of 4% in <strong>2016</strong> continued the significant<br />
deceleration in growth witnessed in previous years, and<br />
which commenced in 2012/2013.<br />
• Mainland China also saw the largest number of aircraft<br />
added to its fleet in <strong>2016</strong>, a net increase of 13 business<br />
jets, unseating Hong Kong which added the most in 2015.<br />
• Greater China which includes Mainland China, Hong<br />
Kong, Macau and Taiwan, remains the leading market in<br />
the region with a fleet of 477 aircraft, representing 41% of<br />
the total for the Asia-Pacific region. With a fleet size that<br />
is 2.5 times larger than its nearest competitor Australia,<br />
Greater China’s significance in and to the region cannot be<br />
understated: as the Greater China market goes, so does<br />
the Asia-Pacific.<br />
• The top three OEMs in the region by market share were<br />
Bombardier, Gulfstream and Cessna, with 26%, 24%<br />
and 19% of the fleet, respectively. Whereas Bombardier<br />
and Gulfstream added aircraft to their fleet in <strong>2016</strong>,<br />
Cessna’s contracted.<br />
• Examining only net fleet additions in <strong>2016</strong>, Gulfstream<br />
significantly out-performed all other OEMs, adding<br />
20 aircraft. In terms of growth rate however, the top<br />
performers were Boeing with 23% (inc. six BBJ additions)<br />
and Embraer with 14% (inc. its 1st Legacy 500s and six<br />
Phenom 300s).<br />
• The most popular added model across the region was the<br />
G650/G650ER, which added an incredible 23 to its fleet:<br />
17 new and 6 pre-owned; and the fastest growing size<br />
category was the long-range segment.<br />
• The top 10 operators in the Asia Pacific region operate<br />
26% of the fleet, with nine of these operators located in<br />
Greater China. Since 2014, the number of new operators in<br />
the Asia-Pacific region has increased 5% but today the Top<br />
10 operate 3% less of the total fleet.<br />
• Australia and India have the most operators, but these<br />
markets are very fragmented, where 37% and 40% of the<br />
operators have just a single aircraft.<br />
• From an age perspective, the Asia-Pacific region remains<br />
one of the world’s youngest, with 62% of fleet being less<br />
than 10 years old. Hong Kong has the youngest, while PNG<br />
has the oldest fleet, on average.<br />
• The US (N) registration is still the most popular in the<br />
Asia Pacific region, and is currently being utilized in at<br />
least 15 countries.<br />
• For 2017, ASG predicts growth finally flattening out at<br />
around 1% as new deliveries continue to decline and pent<br />
up demand for G650s recedes. The good news is the<br />
market shouldn’t get any worse through 2017 and ASG<br />
sees a modest return to growth in 2018 when the market<br />
should also get some stimulation from new deliveries of<br />
8Xs, G500s and G7000s.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
3
MARKET OVERVIEW<br />
ASIA PACIFIC BUSINESS JET FLEET 1<br />
4746<br />
India<br />
140 139<br />
(-1%) (-1%)<br />
Myanmar<br />
11 77<br />
11 1113 4446 78 11 44<br />
1920<br />
Bangladesh<br />
1717<br />
11<br />
12<br />
2121<br />
2015 2<br />
1,121<br />
313<br />
300<br />
98100<br />
(+4%)<br />
(+4%)<br />
19 22<br />
(-5%) (+16%)<br />
53<br />
South Korea<br />
49 (+8%)<br />
(+14%)<br />
124 130<br />
(+14%)(+5%)<br />
China<br />
Japan<br />
21 23<br />
(+24%)(+10%)1618<br />
3 3<br />
13 11<br />
Taiwan<br />
(0%)(-15%)<br />
Macau<br />
Hong Kong<br />
1<br />
Singapore<br />
1<br />
Cambodia<br />
61 59<br />
(0%) (-3%)<br />
3<br />
3<br />
33 38<br />
(0%)(+15%)<br />
52 51<br />
(+13%) (-2%)<br />
Thailand<br />
3 4<br />
(0%) (+33%) Brunei<br />
Indonesia<br />
PNG<br />
3 4<br />
(0%) (+33%)<br />
49 50<br />
(+11%)(+2%)<br />
Philippines<br />
+34 Aircraft<br />
+3.0%<br />
1616<br />
48<br />
48<br />
(-4%) (0%)<br />
<strong>2016</strong><br />
1,155<br />
Malaysia<br />
20 Major Markets in<br />
Asia Pacific - <strong>2016</strong><br />
Of the major markets, only three<br />
countries saw higher growth<br />
than in 2015:<br />
#1 South Korea<br />
#2 Thailand<br />
#3 Australia<br />
Australia<br />
6162<br />
22<br />
45<br />
185 187<br />
(-6%) (+1%)<br />
New Caledonia<br />
2<br />
2<br />
The largest fleet additions were<br />
in mainland China<br />
New Zealand<br />
12 14<br />
(+50%)(+17%)<br />
Note (1): <strong>Fleet</strong> distribution is based on business jets in service and their active base of operation.<br />
Note (2): 2015 fleet figures for Asia Pacific are based on Asian Sky Group’s adjustments.<br />
4 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
MARKET OVERVIEW<br />
GREATER CHINA<br />
Greater China, including Mainland China, Hong Kong, Macau<br />
and Taiwan, is the largest market in the Asia-Pacific region, and<br />
experienced 4% growth in <strong>2016</strong>. With 477 business jets located<br />
in the area, Greater China has evolved into the regional leader<br />
for business aviation. Most of the large business jet operators<br />
in the Asia Pacific region (including a few that operate globally)<br />
have bases in Greater China. Within Asia Pacific, Airbus, Boeing,<br />
Bombardier, Dassault, Embraer and Gulfstream all have their<br />
largest concentration of aircraft within the Greater China region.<br />
AUSTRALIA<br />
With the second largest fleet in the region at 187 business<br />
jets, Australia saw 1% growth in <strong>2016</strong>. Almost half of<br />
the country’s fleet is made up of light-size business jets,<br />
catering to frequent domestic flights along the coasts for<br />
tourism and business.<br />
INDIA<br />
India operates the third largest fleet in the region with 139<br />
business jets, suffering a small 1% decline in <strong>2016</strong>. Eight<br />
additions were made to the Indian business jet fleet during<br />
the year. Three of those were new deliveries, while five were<br />
pre-owned. A total of nine aircraft exited the fleet in <strong>2016</strong>.<br />
INDONESIA<br />
After aircraft relocations resulted in a 2% decline in fleet size,<br />
the country’s Transportation Ministry released a requirement<br />
in <strong>2016</strong> allowing foreign-registered business jets to again<br />
travel domestically. The change was made in hopes of<br />
boosting the business aviation and tourism industries in the<br />
coming years.<br />
JAPAN<br />
Japan’s fleet grew 8% in <strong>2016</strong>, due to the addition of several<br />
G650s and G650ERs. With the 2019 Rugby World Cup<br />
and the Summer Olympic and Paralympic Games in 2020,<br />
Japan’s business aviation governing bodies are focused on<br />
improving the industry.<br />
MALAYSIA<br />
Malaysia’s business jet fleet remained unchanged in <strong>2016</strong>,<br />
due in part to the relocation of five N-registered aircraft<br />
moving to the US.<br />
NEW ZEALAND<br />
The geographical make up of New Zealand necessitated the<br />
development of business aviation in the country’s aviation<br />
industry. Although the helicopter industry is much larger, the<br />
business jet segment is growing, with the fleet at 14 business<br />
jets at the end of <strong>2016</strong>, up from 12 in 2015.<br />
PHILIPPINES<br />
The Philippines fleet totaled 50 business jets at yearend<br />
<strong>2016</strong>, an increase of 2%. With aspirations to become a top<br />
gaming and entertainment destination by 2020, the business<br />
aviation industry is being looked to as a growth driver, despite<br />
combatting the issue of insufficient infrastructure.<br />
SINGAPORE<br />
Singapore’s fleet saw a decline of 3% during the year.<br />
However, due to its central location and focused leadership,<br />
the island city-state has positioned itself as a key business<br />
aviation hub in Southeast Asia, with reputation as the major<br />
center for MRO facilities.<br />
SOUTH KOREA<br />
With a total of 22 business jets in the country, the South<br />
Korean business jet fleet saw a 16% increase in <strong>2016</strong>.<br />
Korean Air is the largest operator in the country, while<br />
several major conglomerates including SK Group, Hyundai<br />
and LG Electronics operate their own fleet. Although the<br />
country has endured a turbulent political climate over the<br />
last year, the business aviation industry is gearing up for the<br />
2018 Winter Olympics in Pyeongchang.<br />
For a more detailed profile of business aviation in<br />
South Korea, please see Asian Sky Media’s 2017 Q1<br />
edition of Asian Sky Quarterly.<br />
THAILAND<br />
Thailand’s fleet grew 15% in <strong>2016</strong>, with mid-size and longrange<br />
jets now making up half of the fleet. Thailand’s<br />
previous strict regulations on the ownership of aviation<br />
businesses were relaxed in <strong>2016</strong> and will likely give way to<br />
even more companies setting up in the country.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
5
MARKET TR<strong>EN</strong>DS<br />
Asia Pacific <strong>Fleet</strong> by Country<br />
1,155 in Total<br />
100+62+46+44+19+18+17+17+16<br />
313<br />
187<br />
139<br />
130<br />
59 53 51 50 48 38<br />
23<br />
China<br />
Australia<br />
India<br />
Hong Kong<br />
Singapore<br />
Japan<br />
Indonesia<br />
Philippines<br />
Malaysia<br />
Thailand<br />
Taiwan<br />
Airbus 15 2 2 1 3 1 2 2 2<br />
Boeing 10 2 5 2 1 2 2 3 2<br />
Bombardier 80 68 28 48 19 5 10 9 17 1 6<br />
Cessna 35 72 31 1 28 4 12 7 9<br />
OEM<br />
Dassault 37 8 22 7 1 2 2 4 8 4<br />
Embraer 26 6 16 3 6 15 1 3 1<br />
Gulfstream 102 12 10 66 22 14 5 12 8 12 9<br />
Hawker 8 9 28 4 2 12 8 1 7 3<br />
Others 10 1 1 4<br />
Total 313 187 139 130 59 53 51 50 48 38 23<br />
Corp. Airliner 29 2 5 7 5 2 4 1 4 5 4<br />
Long Range 96 33 16 81 18 13 7 5 9 10 9<br />
Large 117 26 40 31 16 7 18 10 15 3 2<br />
SIZE CATEGORY<br />
Mid-Size 31 18 32 11 11 4 8 13 12 10 5<br />
Light 26 82 36 6 20 13 17 7 8 3<br />
Very Light 14 26 10 3 7 1 4 1 2<br />
Total 313 187 139 130 59 53 51 50 48 38 23<br />
% of Total 27% 16% 12% 11% 5% 5% 4% 4% 4% 3% 2%<br />
Change from 2015 +13 +2 -1 +6 -2 +4 -1 +1 +5 +2<br />
6<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
MARKET TR<strong>EN</strong>DS<br />
Asia Pacific <strong>Fleet</strong> by Size Category<br />
Asia Pacific <strong>Fleet</strong> by OEM<br />
Airbus 33 (3%)<br />
Others 18 (2%)<br />
7+5+4+2+2+1+1+1+1<br />
Corp. Airliner 80 (7%)<br />
Mid-Size 161 (14%)<br />
Light 232 (20%)<br />
22 14 11<br />
27+25+20+14+7+7+G 26+24+19+9+7+7+3+3+2+G<br />
1,155<br />
Very Light 76 (7%) Long Range 311 (27%)<br />
Large 295 (25%)<br />
Boeing 37 (3%)<br />
Embraer 79 (7%)<br />
Hawker 86 (7%)<br />
Dassault 100 (9%)<br />
Cessna 218 (19%)<br />
4 4 3 3 2 1<br />
1,155<br />
Bombardier 301 (26%)<br />
Gulfstream 283 (24%)<br />
South Korea<br />
New Zealand<br />
Macau<br />
PNG<br />
Brunei<br />
Cambodia<br />
Bangladesh<br />
New Caledonia<br />
Myanmar<br />
Total<br />
% of Total<br />
Change from<br />
2015<br />
1 1 1 33 3% -1<br />
5 3 37 3% +7<br />
#3<br />
3 2 4 1 301 26% #1 +2<br />
7 7 3 2 218 19% #3 -2<br />
1 1 1 2 100 9% +7<br />
#3<br />
2 79 7% +10 #2<br />
4 2 2 3 283 24% #2 +20 #1<br />
2 1 1 86 7% -8<br />
2 18 2% -1<br />
22 14 11 4 4 3 3 2 1 1,155<br />
6 2 4 80 7% +6<br />
#3<br />
6 2 4 1 1 311 27% #1 +36 #1<br />
1 1 4 1 1 1 1 295 26% #2 -4<br />
1 2 1 1 1 161 14% -10<br />
5 4 3 2 232 20% #3 +10 #2<br />
3 5 76 7% -4<br />
22 14 11 4 4 3 3 2 1 1,155<br />
2% 1% 1%<br />
+3 +2 -2 +1 +1<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
7
MARKET OVERVIEW<br />
Asia Pacific Top 10 Operator’s <strong>Fleet</strong><br />
Deer <strong>Jet</strong><br />
BAA<br />
TAG Aviation<br />
<strong>Jet</strong> Aviation<br />
HongKong <strong>Jet</strong><br />
Sino <strong>Jet</strong><br />
Metrojet<br />
Execujet<br />
Lily <strong>Jet</strong><br />
China Eastern<br />
Total<br />
Airbus<br />
Country CN CN HK HK HK CN HK AU CN CN<br />
Model<br />
ACJ318 2 1 2 1 6<br />
ACJ319 1 2 2 5<br />
ACJ320 1 1<br />
Boeing<br />
B787-8 1 1<br />
BBJ 2 4 3 1 10<br />
Bombardier<br />
Challenger 300/350 1 1 1 3<br />
Challenger 604 1 1 2 4<br />
Challenger 605 1 3 2 1 3 1 1 1 13<br />
Challenger 800/850 1 3 5 9<br />
Global 5000 7 2 1 1 3 2 16<br />
Global 6000 4 9 4 2 3 1 23<br />
Global Express 1 1 1 3 #3<br />
Global Express XRS 4 1 1 3 1 10<br />
Learjet 60/XR 1 1<br />
Cessna<br />
Dassault<br />
Citation III/VI/VII 1 1<br />
Falcon 2000S 1 1<br />
Falcon 7X 4 9 3 1 2 1 20<br />
Falcon 900LX 1 2 1 1 5<br />
Embraer<br />
Legacy 600 1 1<br />
Legacy 650 4 1 5 1 5 16<br />
Lineage 1000 1 1<br />
Gulfstream<br />
G200 2 1 2 3 1 1 1 2 1 14<br />
G280 1 1<br />
G300/G350 1 1<br />
G450 12 8 6 6 3 5 3 2 45 #2<br />
G550 18 9 1 9 4 4 8 1 3 57 #1<br />
G650 1 4 4 4 1 14<br />
G650ER 2 3 2 5 12<br />
GIV/IV-SP 1 1 2<br />
GV 1 1<br />
Hawker<br />
Hawker 4000 1 1<br />
Hawker 800A/B/850XP/<br />
XPI/125-1A<br />
2 1 3<br />
Total 47 46 41 34 33 30 23 18 15 14 301<br />
AU: Australia | CN: China | HK: Hong Kong<br />
% of Total:<br />
26%<br />
8<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
MARKET OVERVIEW<br />
23+21+20+19+17+15+14+12+12+12+11+11+11+11+11+8+8<br />
Average Aircraft Age by Country<br />
100<br />
90<br />
80<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
Asia Pacific <strong>Fleet</strong> by Age<br />
1965<br />
23<br />
1966<br />
1967<br />
1968<br />
21<br />
1969<br />
1970<br />
20<br />
1971<br />
1972<br />
11 11 11<br />
8 8<br />
7 7 7<br />
PNG<br />
Australia<br />
Brunei<br />
Philippines<br />
Bangladesh<br />
Malaysia<br />
1973<br />
19<br />
17<br />
15<br />
Myanmar<br />
1974<br />
14<br />
12<br />
Japan<br />
1975<br />
12<br />
12<br />
11<br />
Singapore<br />
1976<br />
11<br />
South Korea<br />
1977<br />
Year of Manufacture<br />
Cambodia<br />
India<br />
Indonesia<br />
New Zealand<br />
Thailand<br />
China<br />
Macau<br />
Hong Kong<br />
1978<br />
New Caledonia<br />
1979<br />
Taiwan<br />
1980<br />
1981<br />
1982<br />
1983<br />
1984<br />
1985<br />
1986<br />
1987<br />
1988<br />
1989<br />
1990<br />
1991<br />
1992<br />
1993<br />
1994<br />
1995<br />
1996<br />
1997<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
2009<br />
2010<br />
62%<br />
Under 10 Years Old<br />
2011<br />
2012<br />
2013<br />
2014<br />
2015<br />
<strong>2016</strong><br />
The average age of an aircraft in Greater China is eight years, which is well below most countries<br />
within the Asia-Pacific region. In its entirety, the Asia Pacific fleet remains one of the world’s youngest,<br />
with PNG being the oldest in the region, with an average age of 23 years and Hong Kong and Taiwan<br />
being the youngest, with an average age of seven.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
9
AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER<br />
AIRCRAFT SPOTLIGHT<br />
GULFSTREAM<br />
G650 & G650ER<br />
<strong>Business</strong> leaders and entrepreneurs in the Asia-Pacific region know that there is no finer<br />
choice than a Gulfstream aircraft to reach key international markets at the fastest speeds.<br />
With the recent type certificate validation from the Civil Aviation Administration of China,<br />
customers in the region are now able to register their Gulfstream G650s and Gulfstream flagship<br />
G650ERs in the country.<br />
10<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER<br />
The G650ER, able to travel 7,500 nautical miles/13,890<br />
kilometers at Mach 0.85, exemplifies speed and efficiency.<br />
Its sister ship, the G650, flies nearly as far 7,000 nm/12,964<br />
km at Mach 0.85. Both aircraft are routinely flown at Mach<br />
0.90, which provides operators a tremendous time savings.<br />
The aircraft’s two Rolls-Royce BR725 engines are capable of<br />
rocketing the G650 and G650ER from Tokyo to Hong Kong in<br />
4 hours, London to Hong Kong in 10 hours and 27 minutes, or<br />
New York to Beijing in only 13 hours and 20 minutes.<br />
Whatever your mission, there is a cabin configuration to<br />
match. The G650 and G650ER are fully customizable, tailored<br />
to each customer’s personal style in up to four completely<br />
distinct living areas. Seamlessly transition from meeting<br />
around the conference table to watching a film on one of the<br />
many HD LCD monitors. Adjusting the cabin environment<br />
from work to entertainment to rest is only a few taps away<br />
with the Gulfstream-designed Cabin Management System,<br />
which controls audio, video, lighting, temperature and<br />
window shades all from a smart phone or tablet.<br />
With more than 300 Gulfstream aircraft in the Asia-Pacific<br />
region, customers have convenient access to field service<br />
representatives in Hong Kong, Beijing and Shanghai, the<br />
Asia Customer Support Contact Center in Hong Kong, and<br />
rapid-response support from Gulfstream’s Hong Kong-based<br />
Field and Airborne Support Team technicians. No matter<br />
where you are in the world, Gulfstream is on call every step<br />
Gulfstream’s convenient and state-of-the-art Beijing Service<br />
Center at Beijing Capital International Airport was recently<br />
named China’s Best <strong>Business</strong> <strong>Jet</strong> MRO by the Beijing <strong>Business</strong><br />
Aviation Association. The skilled facility technicians are<br />
certified to assist with anything from airframe maintenance<br />
to avionics installation and repair.<br />
Gulfstream has made it a mission to support the Asia-Pacific<br />
region’s unique business aviation needs, as evidenced in the<br />
company’s astounding regional fleet growth of 84 percent<br />
since 2012 and the availability of more than $65 million in<br />
parts and materials.<br />
The G650ER and G650 combine best-in-class range and<br />
speed with unmatched cabin comfort. That’s creating and<br />
delivering the world’s finest aviation experience.<br />
www.gulfstream.com<br />
of the way with top-rated product support. Gulfstream is<br />
available 24 hours a day, 365 days a year, with technical<br />
support through a centralized call center and field service<br />
representatives around the world.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
11
AIRCRAFT SPOTLIGHT: GULFSTREAM G650 & G650ER<br />
SPECS<br />
G650<br />
G650ER<br />
Range 1<br />
(NBAA IFR reserves, Mach 0.85,<br />
8 pax and 4 crew)<br />
7,000 nm Range 1<br />
(NBAA IFR reserves, Mach 0.85,<br />
8 pax and 4 crew)<br />
7,500 nm<br />
High Speed Mach 0.90 High Speed Mach 0.90<br />
Long Range Mach 0.85 Long Range Mach 0.85<br />
Passengers up to 18 Passengers up to 18<br />
Cabin Dimensions<br />
Height 6 ft 5 in<br />
Cabin Dimensions<br />
Height 6 ft 5 in<br />
Width 8 ft 6 in<br />
Width 8 ft 6 in<br />
Length 46 ft 10 in<br />
Length 46 ft 10 in<br />
Cabin Volume<br />
2,138 cu ft<br />
Cabin Volume<br />
2,138 cu ft<br />
Baggage Capacity<br />
Internal 195 cu ft<br />
Baggage Capacity<br />
Internal 195 cu ft<br />
Feature:<br />
• 16 Large Gulfstream Panoramic Windows<br />
• Forward or Aft Galley<br />
• Forward and Aft Lavatories<br />
• 12 Select Floorplans or Tailored Floorplan<br />
Feature:<br />
• 16 Large Gulfstream Panoramic Windows<br />
• Forward or Aft Galley<br />
• Forward and Aft Lavatories<br />
• 12 Select Floorplans or Tailored Floorplan<br />
1<br />
NBAA IFR theoretical range. Actual range will be affected by ATC routing,<br />
operating speed, weather, outfitting options and other factors.<br />
12<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
MARKET TR<strong>EN</strong>DS<br />
The Asia-Pacific region’s business jet fleet saw an<br />
overall growth rate of 3.0% in <strong>2016</strong>, down from a<br />
5.5% growth rate in 2015.<br />
<strong>2016</strong> saw the arrival of 112 aircraft into the region, offset by<br />
78 deductions from aircraft being retired, sold or relocated,<br />
for a net increase of 34 business jets.<br />
Additions were split 51% /49% between new and pre-owned<br />
(55 new vs 57 pre-owned), a significant shift towards preowned<br />
aircraft compared with 2015’s ratio of 62% / 38% (60<br />
vs 37), and reflecting an almost 50% year-over-year increase<br />
in the number of pre-owned aircraft acquisitions.<br />
Aircraft deductions also increased to 78 in <strong>2016</strong> from just 41<br />
in 2015 – almost doubling the outflow of aircraft (+90%).<br />
While some “deductions” were removals from the market,<br />
either from retirement or a change of base or operator, the<br />
majority were sold, reflecting an increase in the number of<br />
aircraft sales transactions: 72 in <strong>2016</strong> compared with 32 in<br />
2015, a year-over-year increase of 125%.<br />
Aircraft Additions and Deductions<br />
2015<br />
100+G<br />
Pre-owned Additions<br />
(+39)<br />
38 *<br />
ASIA-PACIFIC<br />
REGION<br />
New Deliveries (+60)<br />
0+60 0+570+55<br />
0+390+0+79<br />
60<br />
2015 (Net Additions: 58)<br />
<strong>2016</strong> (Net Additions: 34)<br />
57<br />
New Deliveries<br />
39<br />
55<br />
Deductions 1<br />
Additions0+41+0<br />
Pre-owned<br />
-41<br />
-78<br />
<strong>2016</strong><br />
32 Transactions<br />
9 Removals<br />
100+G<br />
Pre-owned Additions<br />
(+55)<br />
Deductions (-41)<br />
22 *<br />
ASIA-PACIFIC<br />
REGION<br />
Deductions (-78)<br />
Note* : Transactions and relocations within the Asia-Pacific region<br />
New Deliveries (+57)<br />
72 Transactions<br />
6 Removals<br />
Aircraft Transactions<br />
<strong>Fleet</strong> Size (Units)<br />
564745 100<br />
71<br />
(54%)<br />
60<br />
(46%)<br />
Pre-owned Transactions 2<br />
New Deliveries<br />
+56<br />
-3<br />
127<br />
(69%)<br />
57<br />
(31%)<br />
2015 <strong>2016</strong><br />
Volume (USD Billions)<br />
3354<br />
100<br />
781.1<br />
(30%)<br />
2.6<br />
(70%)<br />
+0.7<br />
+0.7<br />
1.8<br />
(35%)<br />
3.3<br />
(65%)<br />
2015 <strong>2016</strong><br />
Note (1): <strong>Fleet</strong> deductions include aircraft sold out of the region and out of operation.<br />
Note (2): Pre-owned transactions exclude inter-APAC transactions.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
13
MARKET TR<strong>EN</strong>DS<br />
New Deliveries<br />
<strong>Fleet</strong> Size (Units)<br />
Estimated Market Value (USD Billions)<br />
Cessna 3 (5%)<br />
46+21+18+7+5+3+G<br />
Dassault 2 (3%)<br />
Dassault (3%)<br />
Cessna (1%)<br />
Boeing 4 (7%)<br />
Embraer 10 (18%)<br />
Bombardier 12 (21%)<br />
+57<br />
Gulfstream 26 (46%)<br />
Embraer (5%)<br />
Bombardier (21%)<br />
Boeing (25%)<br />
45+25+21+5+3+1+G<br />
3.3<br />
Gulfstream (45%)<br />
Pre-owned Additions<br />
<strong>Fleet</strong> Size (Units)<br />
Estimated Market Value (USD Billions)<br />
Airbus 1 (2%) Others 1 (2%) Airbus (3%)<br />
Cessna (2%)<br />
Embraer 4 (7%)<br />
Boeing 4 (7%)<br />
Cessna 5 (9%)<br />
29+25+13+9+7+7+6+2+2+G 52+22+9+9+3+3+2+G<br />
Hawker 3 (6%) Gulfstream 16 (29%) Embraer (3%)<br />
+55<br />
Dassault (9%)<br />
Boeing (9%)<br />
Dassault 7 (13%) Bombardier 14 (25%) Bombardier (22%)<br />
1.0<br />
Hawker<br />
Others<br />
Gulfstream (52%)<br />
Deductions<br />
<strong>Fleet</strong> Size (Units)<br />
Estimated Market Value (USD Billions)<br />
Dassault 2 (2%)<br />
Boeing 1 (1%)<br />
Embraer (3%)<br />
Boeing (3%)<br />
Airbus 2 (3%)<br />
Embraer 4 (5%) Bombardier 24 (31%) Dassault (3%)<br />
Cessna 10 (13%)<br />
Hawker 11 (14%)<br />
31+28+14+13+5+3+2+1+3+G 73+14+8+5<br />
-78<br />
Airbus (10%)<br />
Bombardier (33%)<br />
43+33+10+3+3+3+3+2+0+G<br />
Others 2 (3%) Hawker (3%)<br />
Cessna (2%)<br />
Gulfstream 22 (28%)<br />
0.8<br />
Others<br />
Gulfstream (43%)<br />
North America 57 (73%)<br />
Europe 11 (14%)<br />
Out of Operation 6 (8%)<br />
Other Regions 4 (5%)<br />
14<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
Considering both acquisitions and sales, there has been a<br />
dramatic overall increase in pre-owned activity, with the<br />
number of total pre-owned aircraft transactions increasing<br />
to 127 in <strong>2016</strong> from 71 in 2015 (+79%), and with a market<br />
value of US$1.8 billion, up from US$1.1 billion (+64%).<br />
Considering both new and pre-owned, the total number of<br />
of aircraft transactions in <strong>2016</strong> was 184 versus 131 in 2015<br />
(+40%), with the market value of all transactions rising from<br />
US$3.7 billion in 2015 to US$5.1 billion in <strong>2016</strong> (+38%).<br />
These 184 tansactions include aircraft going into and out of<br />
the Asia-Pacific region, as if it was a single market. However,<br />
there are of course transactions occurring between countries<br />
within the Asia-Pacific region too. In <strong>2016</strong>, there were 22 such<br />
“Inter-APAC” transactions versus 38 in 2015. This represents<br />
quite a significant reduction (16 aircraft, -42%) in business<br />
aviation activity within the Asia-Pacific region.<br />
This shift however is more than compensated for by the<br />
previously mentioned increase in transactions into and out<br />
of the region. An examination of where the fleet deductions<br />
from the Asia-Pacific region are going shows that 73% went<br />
to the U.S., which may be more an indications of the strength<br />
and drawing power of the US business aviation market at the<br />
moment, than a reflection of any weakness in APAC.<br />
The dominance of pre-owned additions and deductions to<br />
the market in <strong>2016</strong>, including aircraft sold out of the region<br />
and retired, can greatly be attributed to market activity in two<br />
areas, Greater China and Australia.<br />
The region’s largest market, Greater China, is also one of its<br />
youngest, and saw the most additions and deductions in<br />
<strong>2016</strong>; with 34 new and 19 pre-owned additions. At the same<br />
time, 34 aircraft were removed from Greater China, with 20<br />
sold out of Mainland China, mostly going to the U.S.<br />
Australia also saw significant activity in <strong>2016</strong>. There were<br />
only two new deliveries added to the fleet but 16 pre-owned<br />
additions. While 13 aircraft were either relocated or sold,<br />
again mainly to the US.<br />
By the numbers in <strong>2016</strong>, Gulfstream was the leading<br />
manufacturer with both the most new and pre-owned<br />
deliveries. Gulfstream’s fleet has increased steadily for<br />
over the past 5 years to where it is today. Greater China<br />
fleet makes up 63% of its Asia-Pacific fleet, which is<br />
supported by maintenance and service centers across the<br />
country and region.<br />
The most preferred new delivery model in <strong>2016</strong> was the<br />
long-range G650/ER. The G650/ER saw 58 worldwide new<br />
deliveries, with 17 (29%) sold to Asia-Pacific buyers directly<br />
0+8+0 0+0+170+10+0 0+0+90+0<br />
MARKET TR<strong>EN</strong>DS<br />
New Deliveries by Top Model<br />
2015<br />
<strong>2016</strong><br />
8<br />
10<br />
9<br />
5 7<br />
4<br />
0<br />
0+0+0 0+0+180+12+0 0+0+60+9+0 0+0+120+9+0<br />
Pre-Owned Additions by Top Model<br />
6<br />
4<br />
3<br />
4<br />
3<br />
4<br />
3<br />
2<br />
2<br />
0<br />
1<br />
1<br />
0+6+0 0+0+180+3+0 0+0+180+9+0 0+0+150+3+<br />
Deductions by Top Model<br />
6 6<br />
5<br />
4 4 4<br />
2<br />
3<br />
2<br />
1<br />
1 1<br />
G650<br />
Hawker 800A/B/<br />
850XP/XPI/125-1A<br />
G650/ER<br />
Global 6000<br />
G450<br />
Global 6000<br />
G550<br />
GIV/IV-SP<br />
BBJ<br />
Challenger 605<br />
Phenom 300<br />
Learjet 35/A/36/A<br />
Global Express<br />
G550<br />
G200<br />
G550<br />
by the OEM. Six more G650/ERs were pre-owned additions,<br />
bringing the Asia-Pacific region total for <strong>2016</strong> to an incredible<br />
23 aircraft, 40% of the G650/ER’s worldwide deliveries.<br />
Bombardier’s large cabin, long-range Global 6000 also faired<br />
well in <strong>2016</strong>, with total worldwide deliveries of 42 aircraft;<br />
nine (21%) of which were delivered to the Asia-Pacific region.<br />
The majority of the pre-owned additions for both the G650/<br />
ER and Global 6000 in the Asia-Pacific region consisted of<br />
resold, newly delivered aircraft, sometimes immediately,<br />
thus exhibiting a new trend and further demonstrating the<br />
vitalness of the Asia-Pacific market to OEMs.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
15
MARKET TR<strong>EN</strong>DS<br />
Net <strong>Fleet</strong> Growth by OEM<br />
268<br />
299<br />
301<br />
89+0+0 0+100+0 0+0+100 83+0+0 0+87+0 0+0+94 71+0+0 0+74+0 0+0+73 29+0+0 0+31+0 0+0+33 10+0+0 33+0+0 0+31+0 0+0+299+0+0<br />
22+0+0 0+23+0 0+0+26 6+0+0+10+0 0+0+120+11<br />
249<br />
263<br />
283<br />
215<br />
220<br />
218<br />
87<br />
93<br />
100<br />
101<br />
94<br />
86<br />
67<br />
69<br />
79<br />
29<br />
30<br />
37<br />
28<br />
34<br />
33<br />
2014 (1,062)<br />
2015 (1,121)<br />
<strong>2016</strong> (1,155)<br />
Bombardier<br />
Gulfstream<br />
Cessna<br />
18<br />
19<br />
18<br />
Dassault<br />
Hawker<br />
Embraer<br />
Boeing<br />
Airbus<br />
Others<br />
Net <strong>Fleet</strong> Growth by Size Category<br />
Corp. Airliner<br />
Long Range<br />
Large<br />
23+0+0 0+25+0 0+0+27 82+0+0 0+91+0 0+0+100 92+0+0 0+100+0 0+0+98 59+0+0 0+57+0 0+0+54 70+0+0 0+74+0 0+0+77 27+0+0 0+27+0 0+0+25<br />
Mid-Size<br />
Light<br />
Very Light<br />
68<br />
74<br />
80<br />
80<br />
80<br />
76<br />
178<br />
171<br />
161<br />
247<br />
212<br />
222<br />
275<br />
311<br />
277<br />
232<br />
299<br />
295<br />
Asia Pacific <strong>Business</strong> <strong>Jet</strong> <strong>Fleet</strong> Growth<br />
Historical & Forecast<br />
1,121<br />
+3%<br />
1,155<br />
+1%<br />
1,167<br />
+6%<br />
1,062<br />
2014 2015 <strong>2016</strong> 2017<br />
Embraer’s Phenom 300 and Gulfstream’s G550 also<br />
performed well in <strong>2016</strong>. Gulfstream remained the leading<br />
manufacturer in the pre-owned segment, with the G550 one<br />
of the most acquired aircraft and the G450 one of the most<br />
resold models. Gulfstream also had the highest market value<br />
in dollars with its new deliveries and pre-owned additions,<br />
followed by Boeing which added both a 787 BBJ and 747-8<br />
BBJ in the region to go along with six BBJs.<br />
achieved by Boeing, Embraer, Gulfstream and Dassault.<br />
Mirroring somewhat the performance of each OEM, the longrange<br />
size category continued to be the best performing<br />
segment in <strong>2016</strong> along with surprising growth in corporate<br />
airliners and light jets. The large, mid-size and very light<br />
categories all contracted in <strong>2016</strong>.<br />
Examining the performance of the OEMs further, growth for<br />
Bombardier, Cessna and Airbus was virtually flat (up or down<br />
one or two aircraft), with the only significant gains being<br />
16<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS<br />
A PROMISING FUTURE<br />
INTERVIEW WITH MICHAEL AMALFITANO<br />
PRESID<strong>EN</strong>T & CEO, EMBRAER EXECUTIVE JETS<br />
Interview by Litalia Yoakum<br />
Joining the Brazilian aircraft manufacturer Embraer Executive <strong>Jet</strong>s in March 2017, newly<br />
appointed President Michael Amalfitano is preparing to take the company to new heights.<br />
Amalfitano, who succeeds Marco Tulio Pellegrini, will take the reins of the Melbourne,<br />
Florida-based Executive <strong>Jet</strong>s unit bringing along over 35 years of business aircraft leasing and<br />
financial services experience. In the coming years, he is confident Embraer Executive <strong>Jet</strong>s, which<br />
was recently noted for delivering the highest volume of any business jet model for the fourth year<br />
in <strong>2016</strong> for its Phenom 300 light jet, will continue developing with the growing market and surpass<br />
expectations.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
17
PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS<br />
PLEASE TELL US ABOUT YOUR EXPERI<strong>EN</strong>CE<br />
PRIOR TO TAKING ON YOUR NEW ROLE AT<br />
EMBRAER EXECUTIVE JETS.<br />
My experience in the business aviation industry spans<br />
more than 35 years, most of which was spent in senior<br />
management positions in global leasing and financial service<br />
companies. In my previous role, I was responsible for building<br />
and leading a newly formed <strong>Business</strong> Aviation Finance<br />
platform that serves a broad range of middle market to large<br />
businesses, in addition to high net worth individuals within<br />
the underserved corporate aircraft finance market.<br />
The Company’s<br />
growth, since it<br />
was established in<br />
2005, demonstrates<br />
an unprecedented<br />
success in this<br />
market.<br />
HOW DO YOU THINK YOUR WORK IN<br />
AIRCRAFT FINANCE WILL TRANSLATE INTO<br />
SUCCESS AT EMBRAER?<br />
Embraer has the industry’s broadest product portfolio<br />
of business jets—uniquely positioned in terms of value<br />
proposition—and top-ranked customer support solutions.<br />
Embraer is a solid company with multiple achievements in<br />
recent years, and a very promising future. Our passionate<br />
team of employees strives for excellence in everything they<br />
do. We´ve already established the foundational elements of<br />
the business, and I’m bringing my industry experience to<br />
leverage our executive aviation business and maximize the<br />
value we generate to all our stakeholders.<br />
IN YOUR NEW ROLE AS CEO OF EMBRAER<br />
EXECUTIVE JETS, WHAT DO YOU HOPE TO<br />
ACHIEVE?<br />
<strong>Business</strong> aviation is a very competitive market, where<br />
retaining a leadership position strictly by organic growth<br />
can prove to be quite a challenge—especially through<br />
an economic valley. The Company´s growth, since it was<br />
established in 2005, demonstrates an unprecedented<br />
success in this market in such a short period. We are<br />
privileged to have a team of dedicated employees, who<br />
leverage Embraer`s highly valued aircraft portfolio to the<br />
Paulo Cesar | Michael Amalfitano | Marco Tulio<br />
18 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS<br />
benefit of our customers and shareholders worldwide.<br />
Leveraging and extracting the most value from all these<br />
assets is one of my goals in this new position.<br />
The Phenom 300<br />
is the industry’s<br />
best selling<br />
business aircraft<br />
for the fourth<br />
consecutive year.<br />
costs. Another key element that we focus on to differentiate<br />
ourselves is the level of support we provide our customers<br />
after they’ve taken delivery of their aircraft and we pride<br />
ourselves in having the industry’s number one ranked<br />
customer support organization.<br />
WHICH MODELS ARE SEEING THE MOST<br />
SUCCESS?<br />
We see our entire portfolio well positioned in the segments<br />
we compete. The Phenom 300 is the industry’s best selling<br />
business aircraft for the fourth consecutive year. It was<br />
designed to be the best-in-class light business jet, and it<br />
rapidly gained market share upon entry into service in late<br />
2009. The Legacy 450 and Legacy 500 have redefined the<br />
essence of the mid-size and mid-light business jet sectors,<br />
establishing a new benchmark. Customers are very pleased<br />
with the digital flight control fly-by-wire technology—the<br />
fuel efficiency it renders—as well as the cabin comfort and<br />
extremely smooth flight.<br />
This year we are also bringing to the market the newest<br />
versions of the Phenom 100 and the Legacy 650, with new<br />
technologies and features that further enhance the value<br />
these aircraft deliver to our customers. Also, we have seen<br />
our flagship Lineage 1000E gain traction—especially in the<br />
U.S.— giving ultra-long range aircraft users a compelling<br />
solution to own a much larger cabin, without compromising<br />
range for transoceanic missions.<br />
HOW DO EMBRAER’S BUSINESS JETS<br />
COMPETE WITH OTHERS ON THE MARKET?<br />
We have been able to differentiate Embraer Executive <strong>Jet</strong>s<br />
from its competitors by introducing truly innovative products<br />
in each segment we compete. One of Embraer’s strengths<br />
is its ability to accurately identify market opportunities and<br />
develop superior products to fulfill the requirements of the<br />
most demanding customers. Combining new technologies<br />
with the right market opportunities is crucial to achieving<br />
success in the business jet arena. We design our aircraft<br />
for the specific requirements of each segment, aiming for<br />
the perfect balance of performance, reliability, comfort and<br />
WHAT IS THE COMPANY DOING TO KEEP IN<br />
TOUCH WITH THE FAST-GROWING ASIAN<br />
MARKET?<br />
Embraer has increased significantly its presence in the<br />
Asia-Pacific region as one of the top-priority markets<br />
for each of the Company’s business units: Commercial<br />
Aviation, Defense & Security and Executive Aviation. On<br />
the business aviation front, we have been expanding our<br />
customer support network in the region to keep up with<br />
our fleet growth, and strengthened our prospecting with a<br />
new authorized sales representative in Japan. The arrival<br />
of hundreds of Embraer business jets to the market over<br />
the last few years—combined with an excellent customer<br />
experience—is solidifying our brand locally.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
19
PERSONALITY PROFILE: EMBRAER EXECUTIVE JETS<br />
WHAT ARE SOME OF THE SUCCESSES<br />
EMBRAER HAS <strong>EN</strong>JOYED OVER THE PAST<br />
FEW YEARS?<br />
Embraer Executive <strong>Jet</strong>s celebrated many significant<br />
milestones in recent years. The certification of the Legacy<br />
500 and Legacy 450 completed our broad portfolio of<br />
products and the delivery of 1,000 Embraer business jets<br />
in a little over a decade of operations demonstrates our<br />
solid commitment to the market and to customers. In 2005,<br />
Embraer´s executive aviation division represented 7% of the<br />
Company´s total revenue. In <strong>2016</strong>, we account for close<br />
to 30% of Embraer´s consolidated revenues. In the same<br />
period, our market share increased from 2.7% to 18%, in<br />
terms of global business jet deliveries.<br />
WHAT ARE YOUR FUTURE EXPECTATIONS<br />
FOR EMBRAER EXECUTIVE JETS?<br />
Embraer Executive <strong>Jet</strong>s is prepared for a promising future.<br />
We will remain a major player by leveraging and extracting<br />
the most value from all our assets. We need to continuously<br />
review the value chain composition, looking for ways to<br />
sustain our competitiveness and enhance our customers’<br />
experience. Embraer’s unique portfolio of products and<br />
services have placed us in a leadership position. Now, we<br />
are ready to respond to future business aviation model<br />
changes and unleash new growth opportunities. I am<br />
committed to continuing our tradition of challenging the<br />
status quo by further enhancing the value we provide to our<br />
customers around the world.<br />
Being top-ranked in overall customer satisfaction also<br />
demonstrates the recognition and confidence of global<br />
operators in our products and services, which were<br />
designed to surpass their expectations. We are also very<br />
proud to manufacture the world’s most delivered business<br />
jet for the last four consecutive years – the Phenom 300.<br />
www.embraerexecutivejets.com<br />
20 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
AIRCRAFT SPOTLIGHT<br />
EMBRAER<br />
LEGACY 450 & 500<br />
Following the success of its commercial aviation division, Brazilian manufacturer Embraer began<br />
exploring the market of executive aviation in 2000, when it also introduced the Legacy, based on the<br />
same platform as the ERJ 135 regional jet. In 2005, Embraer Executive <strong>Jet</strong> was officially created. The<br />
establishment coincided with the launch of the Phenom 100 and Phenom 300. Embraer has since<br />
developed a full line of business jets ranging from the entry-level Phenom 100 to the ultra-large cabin<br />
Lineage 1000 jet.
AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500<br />
Entering service in 2014 and 2015,<br />
respectively, the Legacy 450 and 500,<br />
two of Embraer’s latest models, are<br />
mid-size business jets transcending<br />
all others in its class. The Legacy<br />
450 and Legacy 500 are designed<br />
to establish a new standard in their<br />
respective categories (mid-light jet and<br />
mid-size jet) by offering extraordinary<br />
performance, fly-by-wire technology<br />
and low operating costs.<br />
As the fastest mid-light business jet, the Legacy 450 travels<br />
at a high cruising speed of Mach 0.82, with a maximum<br />
range of 2,900nm. Powered by Honeywell’s HTF7500E<br />
turbofan engine and 36-150 auxiliary power unit, the 450<br />
can climb directly to 43,000-feet, departing from sea level<br />
with a maximum takeoff, in only 21 minutes.<br />
At six-feet tall and 24 feet long, the stand-up cabin is the<br />
tallest and widest in its class. Included in the cabin is<br />
robust entertainment and connectivity, a low 6,000 feet<br />
cabin altitude, and the only wet-galley option in the midlight<br />
category. The influence of Embraer’s partnership<br />
with BMW Group DesignworksUSA is seen throughout<br />
the cabin. Seating for a total of nine passengers includes<br />
two center club seats that fully berth to create beds. A<br />
combined internal and external stowage capacity of 150<br />
cubic feet is by far the largest in its class.<br />
The slightly larger mid-size jet Legacy 500 includes all of the<br />
features of the 450, along with some enhancements. The<br />
12-passenger jet is the fastest in its class, delivering a highcruise<br />
speed of Mach 0.82, excellent runway performance,<br />
and US coast-to-coast range for eight – or a long-range<br />
cruise speed of 3,125nm. Powered by the same engines<br />
as the Legacy 450, the HTF7500E turbofan engine utilizes<br />
Honeywell’s single annular combustor for emissions reduction<br />
(SABER) technology reduces CO2 emissions and lowers<br />
aircraft operating costs by minimizing fuel consumption.<br />
At six feet tall and six feet 10 inches wide, the cabin of<br />
the Legacy 500 is the largest in the mid-size class. With<br />
a fully-equipped galley, excellent connectivity and in-flight<br />
entertainment, relaxation in the 500 is easy. Honeywell’s<br />
Cabin Management System (CMS) offers individual<br />
touchscreen and wireless iPad/iPhone controls, fullyintegrated<br />
audio and video distribution, Blu-ray players<br />
and media inputs and two full HD displays. Optimally<br />
placed windows and ergonomic seating provide comfort<br />
throughout the flight for up to 12 passengers. Optional<br />
seating allows for an aft three-place divan on both sides,<br />
belted toilet and forward side facing seat.<br />
The Legacy 450 is the first jet in its class to replace<br />
conventional controls with full fly-by-wire technology,<br />
enabling a smoother, more natural feeling flight by<br />
translating the manual input from the pilot electronically<br />
rather than mechanically. The system increases the number<br />
of control surfaces that can be activated simultaneously,<br />
allowing for maximum performance and control, while<br />
reducing the pilot workload and creating a smoother flight<br />
for passengers.<br />
Just as the 450, the 500 offers fly-by-wire controls for a<br />
smooth ride. To ensure comfort in the cockpit, just as in<br />
the cabin, state-of-the-art avionics are utilized including a<br />
Synthetic Vision System (SVS), takeoff/landing data (TOLD)<br />
and Embraer’s Enhanced Vision System.<br />
Embraer’s Legacy 450 and 500 continue to be a success<br />
in their respective size categories, truly embodying the<br />
philosophy of Embraer Executive <strong>Jet</strong>s – Rethink Convention.<br />
www.embraerexecutivejets.com<br />
22<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
AIRCRAFT SPOTLIGHT: EMBRAER LEGACY 450 & 500<br />
SPECS<br />
LEGACY450<br />
LEGACY500<br />
Range<br />
(NBAA reserves, 200nm alternate, LRC, 4 pax)<br />
2,300 nm Range<br />
(NBAA reserves, 200nm alternate, LRC, 4 pax)<br />
3,000 nm<br />
High Speed Mach 0.82 High Speed Mach 0.82<br />
MMO Mach 0.83 MMO Mach 0.83<br />
Balanced Field Length<br />
(MTOW, ISA, SL)<br />
4,000 ft Balanced Field Length<br />
(MTOW, ISA, SL)<br />
4,600 ft<br />
Landing Distance<br />
(4 pax, NBAA IFR reserves)<br />
2,300 ft Landing Distance<br />
(4 pax, NBAA IFR reserves)<br />
2,400 ft<br />
Maximum Operating Altitude 45,000 ft Maximum Operating Altitude 45,000 ft<br />
Avionics Rockwell Collins Pro Line Fusion TM Avionics Rockwell Collins Pro Line Fusion TM<br />
Seating Configuration<br />
(Crew + Standard Pax/Max Pax)<br />
2 + 7/9 Seating Configuration<br />
(Crew + Standard Pax/Max Pax)<br />
2 + 8/12<br />
Cabin Dimensions<br />
Height 6 ft<br />
Cabin Dimensions<br />
Height 6 ft<br />
Width 6 ft 10 in<br />
Width 6 ft 10 in<br />
Length 22.4 ft<br />
Length 26.8 ft<br />
Baggage Capacity<br />
External 110 cu ft<br />
Baggage Capacity<br />
External 110 cu ft<br />
Internal 40 cu ft<br />
Internal 40 cu ft<br />
External Dimensions<br />
Height 22 ft 1 in<br />
External Dimensions<br />
Height 22 ft 1 in<br />
Wing Span 66 ft 5 in<br />
Wing Span 66 ft 5 in<br />
Length 62 ft 10 in<br />
Length 67 ft 4 in<br />
Feature:<br />
Feature:<br />
• Full fly- by-wire controls<br />
• Full fly- by-wire controls<br />
• Auto-throttle<br />
• Auto-throttle<br />
• Synthetic vision system<br />
• Synthetic vision system<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
23
OPERATOR OVERVIEW<br />
The top 10 operators in the region operate 26% of<br />
its total business jet fleet. HongKong <strong>Jet</strong>, Sino <strong>Jet</strong><br />
and Lily <strong>Jet</strong> are the only operators in the top 10 that<br />
saw growth this year, with the rest suffering declines. The<br />
highest growth rate was achieved by Bellawings (+267%)<br />
and the largest decline by Metrojet (-23%).<br />
Top 10 Operator’s <strong>Fleet</strong><br />
Asia Pacific<br />
% of Top 10 Operator's <strong>Fleet</strong> out of Total <strong>Fleet</strong><br />
These results encapsulate the story of <strong>2016</strong>, as new upstarts<br />
continued to take market share from the legacy management<br />
companies. Established in 2014, Hong Kong-based<br />
Bellawings <strong>Jet</strong> Limited has acquired a fleet of 11 aircraft,<br />
with a few more still to come in 2017. China-based charter<br />
operator Sparkle Roll now has a fleet of seven aircraft, while<br />
new operators Hanergy and Vision Aviation operate a fleet of<br />
four and three aircraft, respectively.<br />
These new operators are finding success as clients in the<br />
region look for more options and different types of service,<br />
turning away from more established operators and towards<br />
smaller players who are able to cater to specific needs and<br />
with more personalized services. While the top operators<br />
remain firmly established, these up and coming operators<br />
are playing an active role in shaping the market.<br />
1) The top operator in the Asia-Pacific region continues to<br />
be Mainland China based Deer <strong>Jet</strong>, founded in 1995. The<br />
charter operator and aircraft management company under<br />
China’s HNA Group has reigned for years in the top spot.<br />
However, recent years have seen a dramatic decrease in fleet<br />
numbers. Between 2014-2015 its fleet decreased 13%, with<br />
nine aircraft leaving. The 2015-<strong>2016</strong> period saw a similar<br />
result, with the fleet size decreasing 20%. The declines of the<br />
past few years is somewhat attributable to the retirement<br />
of older aircraft on the Deer <strong>Jet</strong> fleet, including Hawker and<br />
Gulfstream models. Still, Deer <strong>Jet</strong> is the top operator of<br />
Gulfstream aircraft in the region, with 33 in total, as well as<br />
the top G450 and G550 operator, with 12 and 18, respectively.<br />
29%<br />
43+0+0 0+45+0 0+0+46<br />
No. of Operators<br />
434 445 457<br />
2014<br />
2014<br />
2015<br />
2015<br />
<strong>2016</strong><br />
Small to Medium Operator’s <strong>Fleet</strong> 1<br />
Greater China<br />
% of Small to Medium Operator's <strong>Fleet</strong> out of Total <strong>Fleet</strong><br />
26%<br />
28%<br />
28%<br />
Note (1): Operator with fleet less than or equal to 6<br />
26%<br />
31%<br />
<strong>2016</strong><br />
2) <strong>Business</strong> Aviation Asia (BAA) faced a similar trajectory to<br />
that of Deer <strong>Jet</strong> in <strong>2016</strong>. The aircraft management company,<br />
acquired by China Minsheng Investment Group (CMIG),<br />
experienced a 15% decline in its fleet size. Management<br />
changes and several new operators in the Greater China<br />
market were likely contributors. Despite this, BAA remains<br />
the top Airbus operator in the Asia-Pacific region, along<br />
with HongKong <strong>Jet</strong>, both operating four Airbus aircraft. The<br />
company is also the top operator in the region for Dassault<br />
with 11 aircraft, nine of which are 7Xs. BAA also has the most<br />
Challenger 605s, with three, along with Sino <strong>Jet</strong>.<br />
3) Worldwide aviation management company TAG Aviation,<br />
headquartered in Switzerland, ended <strong>2016</strong> with a fleet of 41<br />
aircraft based in the Asia-Pacific region, which is a quarter of<br />
the company’s worldwide fleet. Between 2014-2015, TAG’s<br />
fleet decreased 8%, and this year saw a further decrease of 9%.<br />
However, TAG still manages to be the top Bombardier operator<br />
24 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
OPERATOR OVERVIEW<br />
in the region, with 26, as well as operating the most Global<br />
5000 and 6000 aircraft, with seven and nine respectively.<br />
4) Zurich-based aviation management company <strong>Jet</strong> Aviation,<br />
has 34 of its worldwide fleet of 300 aircraft based in the Asia-<br />
Pacific region. Like several other operators, <strong>Jet</strong> Aviation saw<br />
a decline in fleet numbers during 2015-<strong>2016</strong>. Its fleet size<br />
decreased 13%, after increasing 26% between 2014-2015.<br />
5) HongKong <strong>Jet</strong>, held under the HNA Group’s umbrella<br />
and which recently acquired Asia <strong>Jet</strong>, is one of the few<br />
companies that saw an increase in <strong>2016</strong>. From 2014-2015,<br />
the company’s fleet increased 40% and from 2015-<strong>2016</strong> it<br />
increased another 18%. Along with being the top operator of<br />
Boeing and BBJ models in the region, the company’s fleet<br />
has a growing number of ACJ318s, G200s, G550s, G650s<br />
and G650ERs.<br />
6) Sino <strong>Jet</strong>, which was acquired by Tsing Hua Capital in 2014,<br />
is amongst the few growing operators on the top operator<br />
list. With a fleet of 30 business jets, Sino <strong>Jet</strong> saw an increase<br />
of 80% from 2014-2015 and an increase of 67% from 2015-<br />
<strong>2016</strong>. The Hong Kong-based aircraft management company<br />
is the top Legacy 650 operator in the region, with five in their<br />
fleet, along with China Eastern, as well as the top Challenger<br />
605 operator, with three in total, along with BAA.<br />
Net <strong>Fleet</strong> Growth by Top Operator<br />
68+0+0<br />
45+0+0<br />
49+0+0 31+0+0 20+0+0 10+0+0<br />
35+0+0 15+0+0<br />
11+0+0<br />
0+59+0 0+0+470+54+0 0+0+460+45+0 0+0+410+39+0 0+0+340+28+0 0+0+330+18+0 0+0+30 16+0+0 0+30+0 0+0+23 0<br />
68<br />
59<br />
47<br />
45<br />
54<br />
46<br />
49<br />
45<br />
41<br />
31<br />
39<br />
34<br />
20<br />
28<br />
33<br />
10<br />
18<br />
30<br />
35<br />
30<br />
23<br />
15<br />
18<br />
18<br />
11<br />
13<br />
15<br />
2014 (300)<br />
2015 (318)<br />
<strong>2016</strong> (301)<br />
16<br />
14<br />
14<br />
Deer <strong>Jet</strong><br />
BAA<br />
TAG Aviation<br />
<strong>Jet</strong> Aviation<br />
HongKong <strong>Jet</strong><br />
Sino <strong>Jet</strong><br />
Metrojet<br />
Execujet<br />
Lily <strong>Jet</strong><br />
China Eastern<br />
Net <strong>Fleet</strong> Growth by Fastest Growing Operator<br />
20+0+0 0+0+0 40+0+0<br />
0+0+0+0+0 14+0+0 8+0+0<br />
6+0+0 16+0+0<br />
0+0+0<br />
0+36+0 0+0+600+6+0 0+0+220+56+0 0+0+660+4+0 0+0+140+0+0 0+0+80+14+0 0+0+220+4+0 0+0+10 6+0+0<br />
0+10+0<br />
0+0+16<br />
10<br />
18<br />
30<br />
0<br />
3<br />
11<br />
20<br />
28<br />
33<br />
0<br />
2<br />
7<br />
0<br />
0<br />
4<br />
7<br />
7<br />
11<br />
4<br />
2<br />
5<br />
3<br />
5<br />
8<br />
8<br />
8<br />
11<br />
0<br />
0<br />
3<br />
2014 (55)<br />
2015 (75)<br />
<strong>2016</strong> (128)<br />
3<br />
2<br />
5<br />
Sino <strong>Jet</strong><br />
Bellawings<br />
HongKong <strong>Jet</strong><br />
Sparkle Roll<br />
ICTSI<br />
Nanshan <strong>Jet</strong><br />
Aegle Aviation<br />
Asian Corporate Aviation<br />
Korean Air<br />
Vision Aviation<br />
Win Air <strong>Jet</strong><br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
25
6+0+0 0+6+00+3+0 0+6+0 0+3+0 0+3+0 0+3+00+12+0 0+12+0 0+3+0+42+0 0+15+0+60+0 0+3+0 OPERATOR<br />
0+0+33+0+0 OVERVIEW<br />
0+0+36+0+0 0+0+63+0+0 0+0+33+0+0 0+0+33+0+0 12+0+0 0+0+12 21+0+0 +3 0+0+6 9+0+0 0+0+0+0+6 39+0+0 0+0+36 18+0+0 60+0+0 0+0+54 6+0+0 12+0 0+0+3<br />
3+<br />
<strong>Fleet</strong> by Operator and Model<br />
Deer <strong>Jet</strong><br />
2014 (68)<br />
2015 (59)<br />
<strong>2016</strong> (47)<br />
0+6+0 0+0+63+0+0 0+3+0 12+0+0 0+9+0 0+0+99+0+0 0+9+0 0+0+3 15+0+0 0+12+0 0+0+123+0+0 0+3+0 0+0+33+0+0 0+3+0 0+0+0 24+0+0 0+33+0 0+0+27 0+0+0 0+6+0 3+0+0 0+3+0 0+0+0+24 21+0+0 0+24+0 6+0+0 0+6+0 0+0+6 0+0+27 27+0+0 0+24+0 3+0 0+0<br />
0+0+3 0+0+00+0+12<br />
0+15+0<br />
BAA<br />
2014 (45)<br />
2015 (54)<br />
<strong>2016</strong> (46)<br />
2<br />
2<br />
1<br />
2<br />
0+3+0 0+0+03+0+0 0+3+0 0+0+06+0+0 0+3+0 0+0+3 12+0+0 0+12+0 0+0+6 12+0+0 0+9+0 0+0+9 27+0+0 0+27+0 0+0+21 12+0+0 0+21+0 0+0+273+0+0 0+3+0 0+0+0 12+0+0 0+12+0 0+0+123+0+0 0+3+0 0+0+0 18+0 0+9 0+0<br />
1<br />
1<br />
1<br />
0 ACJ319<br />
2<br />
ACJ318<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
ACJ319<br />
ACJ320<br />
0<br />
2<br />
4<br />
TAG Aviation<br />
2<br />
1<br />
1<br />
2<br />
2<br />
2<br />
3<br />
3<br />
Challenger 605<br />
BBJ<br />
4<br />
4<br />
3<br />
3<br />
2<br />
Challenger 800/850<br />
1<br />
1<br />
1<br />
1<br />
4<br />
Challenger 605<br />
5<br />
3<br />
3<br />
1<br />
1<br />
1<br />
4<br />
4<br />
Global 6000<br />
9<br />
9<br />
Falcon 900LX<br />
7<br />
1<br />
1<br />
1<br />
4<br />
Learjet 60/XR<br />
7<br />
1<br />
1<br />
1<br />
9<br />
Falcon 2000S<br />
1<br />
1<br />
Citation 525/CJ1/+/M2<br />
1<br />
1<br />
0<br />
0<br />
4<br />
4<br />
4<br />
Falcon 7X<br />
8<br />
11<br />
Falcon 7X<br />
4<br />
4<br />
4<br />
9<br />
7<br />
1<br />
1<br />
0<br />
4<br />
G200<br />
1<br />
1<br />
Falcon 900EX/EASy<br />
2<br />
0<br />
6<br />
2<br />
2<br />
2<br />
8<br />
8<br />
9<br />
1<br />
1<br />
1<br />
+0 +90+0+3 3+0+0 0+3+00+0+3 3+0+0 0+3+00+0+18 15+0+0 0+15+00+0+3 3+0+0 0+3+00+0+0 3+0+0 0+3+00+0+6 0+0+0 3+0+0 0+0+0<br />
3<br />
3<br />
13<br />
14<br />
G450<br />
Falcon 900LX<br />
12<br />
1<br />
20<br />
20<br />
0<br />
0<br />
G200<br />
G550<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
18<br />
0<br />
4<br />
2<br />
G280<br />
5<br />
5<br />
0<br />
6<br />
1<br />
1<br />
GIV/IV-SP<br />
ACJ319<br />
7<br />
G450<br />
3<br />
1<br />
GV<br />
0<br />
9<br />
1<br />
1<br />
1<br />
1<br />
1<br />
8<br />
6<br />
5<br />
0<br />
0<br />
0<br />
2<br />
0<br />
0<br />
2<br />
1<br />
1<br />
2<br />
0<br />
0<br />
1<br />
0<br />
0<br />
5<br />
4<br />
1<br />
2<br />
1<br />
1<br />
1<br />
1<br />
0<br />
0<br />
0<br />
G550<br />
Hawker 800A/<br />
B/850XP/XPI/125-1A<br />
G650<br />
Hawker 900XP<br />
Hawker 4000<br />
Challenger 300/350<br />
Challenger 604<br />
Challenger 605<br />
Challenger 800/850<br />
Global 6000<br />
Global Express<br />
Global Express XRS<br />
Learjet 60/XR<br />
Falcon 7X<br />
G200<br />
Falcon 900LX<br />
G450<br />
G650ER<br />
Legacy 650<br />
G650<br />
Lineage 1000<br />
G550<br />
2014 (49)<br />
2015 (45)<br />
<strong>2016</strong> (41)<br />
Global 5000<br />
Legacy 600<br />
Legacy 650<br />
Lineage 1000<br />
26<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
3+0+0 0+3+0 0+0+36+0+0 0+3+0 0+0+36+0+0 0+9+0 0+0+63+0+0 0+12+0 0+0+123+0+0 0+3+0 0+0+03+0+0 0+3+0 0+0+3 0+3+0 0+0+0 3+0+0 0+3+0 +18 0+0+3 24+0+0 0+27+0 0+0+270+0+12 3+0+0 0+3+0 0+0+0 12+0+0 0+9+0 6+0+0 0+0+9 0+6+0 0+0+6<br />
0+9+ 210<br />
OPERATOR OVERVIEW<br />
<strong>Jet</strong> Aviation<br />
2014 (31)<br />
2015 (39)<br />
<strong>2016</strong> (34)<br />
3+0+0 0+3+0 0+0+66+0+0 0+9+0 0+0+66+0+0 0+15+0 0+0+12 0+0+0 0+0+33+0+0 0+3+0 0+0+03+0+0 0+3+0 0+0+33+0+0 0+6+0 0+0+6 3+0+0 0+0+0 +3 0+0+3 0+0+9 3+0+0 0+9+0 3+0+0 0+6+0 0+0+6 0+0+12 6+0+0 0+9+0 6+0+0 0+6+0 0+0+9 0+0+12 6+0+0 0+9+0 3+0 0+3 0+0+0+6 3+0+0 0+0+00+0+3<br />
0+3+0<br />
HongKong <strong>Jet</strong><br />
2014 (20)<br />
2015 (28)<br />
<strong>2016</strong> (33)<br />
1<br />
1<br />
1<br />
ACJ318<br />
1<br />
1<br />
2<br />
2<br />
2<br />
3<br />
1<br />
1<br />
Challenger 605<br />
2<br />
2<br />
5<br />
2<br />
4<br />
3<br />
Global 5000<br />
2<br />
0<br />
0<br />
1<br />
1<br />
4<br />
4<br />
Global 6000<br />
1<br />
1<br />
0<br />
1<br />
1<br />
Global Express<br />
0<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
Global Express XRS<br />
2<br />
2<br />
1<br />
0<br />
0<br />
1<br />
Citation S/II/Bravo/II/SP<br />
1<br />
0<br />
1<br />
1<br />
1<br />
1<br />
2<br />
2<br />
Falcon 7X<br />
2<br />
2<br />
1<br />
1<br />
3<br />
Falcon 900LX<br />
0<br />
1<br />
1<br />
1<br />
2<br />
2<br />
2<br />
1<br />
G200<br />
3<br />
3<br />
7<br />
2<br />
8<br />
G450<br />
3<br />
4<br />
6<br />
2<br />
8<br />
3<br />
9<br />
9<br />
G550<br />
4<br />
1<br />
0<br />
4<br />
2<br />
3<br />
G650<br />
4<br />
0<br />
1<br />
1<br />
0<br />
3<br />
3<br />
G650ER<br />
1<br />
0<br />
0<br />
ACJ318<br />
ACJ319<br />
Sino <strong>Jet</strong><br />
BBJ<br />
B787-8<br />
Challenger 605<br />
Global 5000<br />
Global 6000<br />
Global Express XRS<br />
Falcon 7X<br />
G200<br />
G300/G350<br />
0+6+0 0+0+93+0+0 0+3+0 0+0+36+0+0 0+9+0 0+0+93+0+0 0+3+0 0+0+3 0+0+0 0+0+30+0+0 0+3+0 0+0+33+0+0 0+6+0 0+0+0 0+0+36+0+0 0+9+0 0+0+156+0<br />
0+6<br />
1<br />
2<br />
3<br />
1<br />
1<br />
1<br />
2<br />
3<br />
3<br />
1<br />
1<br />
1<br />
0<br />
0<br />
1<br />
0<br />
1<br />
1<br />
1<br />
2<br />
1<br />
0<br />
0<br />
1<br />
G450<br />
2<br />
3<br />
5<br />
G550<br />
2<br />
2<br />
4<br />
G650<br />
0<br />
1<br />
G650ER<br />
Lineage 1000<br />
Legacy 650<br />
+0 +12 0+0+0 0+6+0 0+0+15<br />
4<br />
0<br />
2<br />
5<br />
2014 (10)<br />
2015 (18)<br />
<strong>2016</strong> (30)<br />
BBJ<br />
Challenger 300/350<br />
Challenger 605<br />
Global Express<br />
Falcon 7X<br />
Falcon 900LX<br />
G200<br />
G280<br />
G450<br />
G550<br />
G650<br />
Legacy 650<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
27
3+0+0 0+3+0 0+0+33+0+0 0+3+0 0+0+33+0+0 0+3+0 0+0+06+0+0 0+3+0 0+0+33+0+0 0+0+0 0+3+0 0+0+03+0+0 9+0+0 0+6+0 +150+0+0 0+0+3 3+0+0 0+3+0 15+0+0 0+18+0 0+0+9 0+0+3 3+0+0 0+3+0 42+0+0 0+30+0 0+0+18 0+0+3 3+0+0 0+3+0 0+9 0+0+0+3 3+0+0 0+3+003<br />
OPERATOR OVERVIEW<br />
Metrojet<br />
2014 (35)<br />
2015 (30)<br />
<strong>2016</strong> (23)<br />
1<br />
1<br />
1<br />
0+0+3 0+6+0 3+0+00+0+3 0+9+0 9+0+00+0+3 0+6+0 3+0+00+0+9 0+6+0 3+0+00+0+9 0+3+0 0+0+00+0+3 0+3+0 3+0+00+0+9 0+9+0 9+0+00+0+3 0+3+0 3+0+00+0+3 0+3+0 0+0+3 0+0+0 0+3+0 3+0+00+0+0<br />
0+3<br />
1<br />
BBJ<br />
Execujet<br />
2<br />
1<br />
1<br />
1<br />
1<br />
Challenger 605<br />
3<br />
3<br />
1<br />
1<br />
1<br />
Challenger 800/850<br />
0<br />
1<br />
2<br />
2<br />
1<br />
1<br />
1<br />
Global 5000<br />
1<br />
1<br />
2<br />
0<br />
0<br />
Global Express<br />
3<br />
1<br />
1<br />
0<br />
Global Express XRS<br />
1<br />
0<br />
3<br />
1<br />
0<br />
0<br />
1<br />
1<br />
1<br />
3<br />
3<br />
3<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
0<br />
0<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
2014 (15)<br />
2015 (18)<br />
<strong>2016</strong> (18)<br />
1<br />
0<br />
0<br />
Challenger 300/350<br />
Challenger 604<br />
Challenger 605<br />
Global 5000<br />
Global 6000<br />
Global Express<br />
Global Express XRS<br />
Citation III/VI/VII<br />
G200<br />
G550<br />
G650<br />
Citation Sovereign/+<br />
3<br />
2<br />
G200<br />
1<br />
5<br />
6<br />
G450<br />
3<br />
14<br />
10<br />
G550<br />
8<br />
0<br />
3<br />
G650ER<br />
5<br />
1<br />
1<br />
GIV/IV-SP<br />
0<br />
1<br />
1<br />
1<br />
GV<br />
1<br />
1<br />
1<br />
Legacy 600<br />
1<br />
1<br />
1<br />
Legacy 650<br />
1<br />
0<br />
0<br />
Lineage 1000<br />
GIV/IV-SP<br />
Learjet 60/XR<br />
28<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
Lily jet<br />
0+0+6 0+6+0 6+0+00+0+3 0+3+0 3+0+00+0+15 0+12+0 12+0+00+0+6 0+3+0 3+0+00+0+3 0+3+0 0+0+00+0+3 0+3+0 3+0+00+0+3 0+3+0 3+0+00+0+6<br />
0+6+0<br />
OPERATOR OVERVIEW<br />
2014 (11)<br />
2015 (13)<br />
<strong>2016</strong> (15)<br />
0+0+3 0+3+0 3+0+00+0+3 0+3+0 3+0+00+0+0 3+0+00+0+3 0+3+0 3+0+00+0+6 0+6+0 9+0+00+0+9 0+9+0 9+0+00+0+3 0+3+0 3+0+00+0+15<br />
0+15+0 15+0+0<br />
2<br />
2<br />
2<br />
Challenger 604<br />
China Eastern<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
4<br />
4<br />
1<br />
0<br />
0<br />
1<br />
1<br />
1<br />
3<br />
2<br />
2<br />
3<br />
3<br />
3<br />
5<br />
5<br />
5<br />
1<br />
1<br />
1<br />
2014 (16)<br />
2015 (14)<br />
<strong>2016</strong> (14)<br />
ACJ318<br />
Challenger 300/350<br />
Global Express XRS<br />
G200<br />
G450<br />
G550<br />
5<br />
2<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
Challenger 605<br />
Challenger 800/850<br />
Global 5000<br />
0<br />
Global 6000<br />
Global Express<br />
Global Express XRS<br />
2<br />
2<br />
G200<br />
Hawker 800A/B/<br />
850XP/XPI/125-1A<br />
Legacy 650<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
29
COMPANY PROFILE: MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
30<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COMPANY PROFILE: MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
SERVICES FOR ALL<br />
AVIATION REQUIREM<strong>EN</strong>TS<br />
INTERVIEW WITH CHIE MATSUOKA, ASSISTANT G<strong>EN</strong>ERAL<br />
MANAGER, MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
Interview by Litalia Yoakum<br />
Marubeni Aerospace Corporation was created in 1998 when one of the world’s largest<br />
trading companies, Marubeni Corporation, inherited the trade rights to the aerospace<br />
division of Okura & Co. Today, the Tokyo-based aerospace company specializes in<br />
business jets, engines and equipment for helicopters and aircraft, advanced materials, and space<br />
and defense equipment, all to further develop the Japanese business aviation market.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
31
COMPANY PROFILE: MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
“We started cooperating with the US<br />
authority for air operator’s certificates<br />
(AOC), as many of our owners have<br />
US-registered aircraft, to assist with<br />
our owner’s aircraft operations,”<br />
explains Matsuoka.<br />
“As a one-stop-shop supplier, Marubeni Aerospace provides<br />
multiple services to meet the requirements of all our<br />
customers, including consulting on aircraft acquisitions,<br />
aircraft sales and aircraft management support through <strong>Jet</strong><br />
Aviation Flight Services,” says Assistant General Manager,<br />
Chie Matsuoka. “We can also arrange hangar space and<br />
aircraft charter.” A partnership with the local maintenance<br />
company Japcon Inc., branded as MJ <strong>Jet</strong> Center, further<br />
supports aircraft owners’ maintenance needs.<br />
As the only Gulfstream Aerospace Corporation sales<br />
representative in Japan, Marubeni Aerospace began as one<br />
of the few companies that saw the potential in the country’s<br />
business aviation market.<br />
“When we started out, only a few aircraft owners had<br />
Gulfstream jets,” says Matsuoka. “The infrastructure was<br />
not friendly and there were no hangars available to store our<br />
Gulfstream jets in the country. Haneda Airport, which is one<br />
of the largest airports in Japan, did not allow for business<br />
aviation use during daytime hours. We had to locate a hangar<br />
in Guam, for Japanese owners. If a client required a long-range<br />
aircraft charter, we needed to arrange that from the US.”<br />
On a local level, the company pleaded<br />
with local airports and prefectures,<br />
on behalf of the industry, for more<br />
business aviation space. “In 2009,<br />
with the cooperation of Chubu Centrair<br />
International Airport in Nagoya, a<br />
business jet-dedicated hangar was<br />
built, where we now help to provide<br />
line maintenance and AOG support<br />
through MJ <strong>Jet</strong> Center. These mechanics can be dispatched<br />
to the other local airports including Narita and Okayama.<br />
Additionally, MJ <strong>Jet</strong> Center has secured hangar space at the<br />
Haneda airport, where AOG maintenance can be performed<br />
round-the-clock, as well.”<br />
As a one-stop-shop<br />
supplier, Marubeni<br />
Aerospace provides<br />
multiple services<br />
to satisfy the<br />
requirements of all<br />
our customers.<br />
After seeing new aircraft owners left to fend for themselves,<br />
Marubeni Aerospace realized the need for additional<br />
support. “There was no operator available to support<br />
owners, just as there was no hangar or mechanic. Japanese<br />
owners purchasing a Gulfstream jet were first-time buyers,<br />
who did not have experience on how to manage and operate<br />
their new aircraft.”<br />
Helping the industry grow and helping clients enjoy their jet,<br />
stress-free, led to the company’s present-day services.<br />
32<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COMPANY PROFILE: MARUB<strong>EN</strong>I AEROSPACE CORPORATION<br />
With Marubeni Aerospace the help doesn’t stop there. As a<br />
representative of <strong>Jet</strong> Aviation, which provides maintenance,<br />
completions and refurbishment, FBO, aircraft charter,<br />
management and staffing support, Marubeni can truly provide all<br />
the services a client requires.<br />
“Apart from the rotary market, business aviation in Japan is<br />
still immature and in a developing stage,” explains Matsuoka,<br />
discussing the work that still needs to be done in the industry.<br />
“Over the past few years the market has grown. The number of<br />
JA-registered aircraft is increasing, albeit in limited numbers,<br />
while the number of ultra-long range jets continues to grow.”<br />
Even with increased activity and operational support, the<br />
challenges remain. “The public image of the [fixed-wing] business<br />
aviation sector is still negative,” says Matsuoka. “The business<br />
jet is vilified by the public as a luxury for select wealthy people.<br />
Because of this, several publicly-listed companies are hesitating<br />
to purchase a business jet, with the impression that shareholders<br />
may find a business jet to be an excessive luxury.”<br />
With the Japanese Government now more aware of the economic<br />
impact of business aviation, Marubeni Aerospace is working<br />
toward educating the public, particularly businesses, on the<br />
benefits of a business jet as a business tool, used for efficiency,<br />
with the potential to save time and money.<br />
Working closely with the Japan <strong>Business</strong> Aviation Association<br />
(JBAA) since 2010 has allowed the aerospace company to continue<br />
its effort in promoting the use of business jets and the subsequent<br />
need for business aviation infrastructure in Japan.<br />
Continuing the endeavor to develop this industry, Marubeni<br />
Aerospace is committed to providing its clients with the best<br />
expertise and customer service. “No one is able to provide tip-totail<br />
support like us. As representatives for both Gulfstream and<br />
<strong>Jet</strong> Aviation, two global leaders in the industry, we provide worldclass,<br />
quality service, along with local expertise.”<br />
The upcoming 2019 Rugby World Cup and 2020 Olympic and<br />
Paralympic games in Japan are major events in the country,<br />
providing the industry an opportunity to showcase its full<br />
capacity. “We expect the industry to grow by the time these<br />
big events arrive. The growing industry will then give Marubeni<br />
Aerospace the opportunity to further enhance our capabilities<br />
and services for our customers.”<br />
www.marubeni-aerospace.co.jp<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
33
OEM OVERVIEW<br />
Airbus<br />
Ranking<br />
#8<br />
Growth<br />
-1 (-3%)<br />
Most Popular<br />
ACJ319<br />
Biggest <strong>Fleet</strong><br />
China 46%<br />
China<br />
Singapore<br />
14+3+2+2+2+2+2+1+1+1<br />
15<br />
3<br />
Brunei 1 (3%)<br />
South Korea 1 (3%)<br />
Macau 1 (3%)<br />
Australia 2 (6%)<br />
India 2 (6%)<br />
Taiwan 2 (6%)<br />
Malaysia 2 (6%)<br />
Thailand 2 (6%)<br />
2<br />
2<br />
2<br />
2<br />
46+9+6+6+6+6+6+3+3+3+3+3+G<br />
2<br />
1<br />
33<br />
1<br />
1<br />
Thailand<br />
Malaysia<br />
Taiwan<br />
India<br />
Australia<br />
Macau<br />
South Korea<br />
Brunei<br />
+1+1<br />
1 1<br />
Hong Kong 1 (3%)<br />
Japan 1 (3%)<br />
China 15 (46%)<br />
Singapore 3 (9%)<br />
Hong Kong<br />
Japan<br />
Total<br />
Change from<br />
2015<br />
ACJ319 6 2 1 1 1 2 2 1 1 17 -1<br />
ACJ318 5 1 1 1 8<br />
ACJ320 1 1 1 3<br />
A319ER 3 3<br />
ACJ330 1 1<br />
A340-200 1 1<br />
Total 15 3 2 2 2 2 2 1 1 1 1 1 33<br />
Change<br />
from 2015<br />
-1 +2 +1 -3 -1<br />
34 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
OEM OVERVIEW<br />
Boeing<br />
Ranking<br />
#7<br />
Growth<br />
+7 (+23%)<br />
Most Popular<br />
BBJ<br />
Biggest <strong>Fleet</strong><br />
China 27%<br />
27+14+14+8+8+5+5+5+5+5+4+G<br />
10+5+5+3+3+2+2+2+2+2+1<br />
10<br />
5<br />
Indonesia 2 (5%)<br />
Malaysia 2 (5%)<br />
India 2 (5%)<br />
Singapore 2 (5%)<br />
Taiwan 2 (5%)<br />
Thailand 3 (8%)<br />
Brunei 3 (8%)<br />
5<br />
3<br />
3<br />
2<br />
2<br />
37<br />
2<br />
2<br />
2<br />
1<br />
Japan 1 (4%)<br />
China 10 (27%)<br />
Hong Kong 5 (14%)<br />
South Korea 5 (14%)<br />
China<br />
Hong Kong<br />
South Korea<br />
Brunei<br />
Thailand<br />
Taiwan<br />
Singapore<br />
India<br />
Malaysia<br />
Indonesia<br />
Japan<br />
Total<br />
Change from<br />
2015<br />
BBJ 9 5 5 2 2 2 1 1 27 +5<br />
BBJ2 2 1 1 4 +1<br />
B767-200ER 1 1<br />
B737-400 1 1<br />
B787-8 1 1 +1<br />
B747-400 1 1<br />
B727-100 1 1<br />
B747-8I 1 1 +1<br />
Total 10 5 5 3 3 2 2 2 2 2 1 37<br />
Change<br />
from 2015<br />
+4 +1 +1 +1 +1 +7*<br />
*include one B757-200 which left Australia<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
35
OEM OVERVIEW<br />
Bombardier<br />
Macau 4 (1%)<br />
Japan 5 (2%)<br />
South Korea 3 (1%)<br />
New Zealand 2 (1%)<br />
Ranking<br />
#1<br />
Growth<br />
+2 (+1%)<br />
Most Popular<br />
Global 6000<br />
Biggest <strong>Fleet</strong><br />
Taiwan 6 (2%)<br />
Philippines 9 (3%)<br />
Indonesia 10 (3%)<br />
Malaysia 17 (6%)<br />
Singapore 19 (6%)<br />
China 27%<br />
27+23+16+9+6+6+3+3+2+2+1+1+1+G<br />
India 28 (9%)<br />
301<br />
Thailand 1<br />
Myanmar 1<br />
China 80 (27%)<br />
Hong Kong 48 (16%)<br />
Australia 68 (23%)<br />
80+68+48+28+19+17+10+9+6+5<br />
80<br />
68<br />
48<br />
28<br />
19<br />
17<br />
10<br />
9<br />
6<br />
5<br />
China<br />
Australia<br />
Hong Kong<br />
India<br />
Singapore<br />
Malaysia<br />
Indonesia<br />
Philippines<br />
Taiwan<br />
Japan<br />
Macau<br />
South Korea<br />
New Zealand<br />
Thailand<br />
Myanmar<br />
+4+3+2+1+1<br />
4<br />
3<br />
2 1 1<br />
Total<br />
Change from<br />
2015<br />
Global 6000 11 4 14 2 2 1 1 1 3 1 40 +10<br />
Global 5000 5 1 13 5 7 2 2 1 36 +3<br />
Challenger 605 13 8 3 3 3 1 1 2 34 -4<br />
Global Express XRS 1 12 3 2 2 2 1 2 2 1 28 -2<br />
Learjet 35/A/36/A 5 19 1 2 1 28 +3<br />
Challenger 604 2 12 3 4 2 23 -1<br />
Challenger 800/850 14 3 1 1 19<br />
Challenger 300/350 5 1 5 1 1 1 1 1 16 -2<br />
Global Express 1 8 2 1 1 1 1 15 -4<br />
Challenger 870 12 12<br />
Learjet 60/XR 9 1 1 11 +1<br />
Challenger 600/601 2 1 1 2 1 2 1 10 -2<br />
CRJ100/200/VIP 4 3 1 1 9<br />
Learjet 45/XR 4 2 1 7<br />
Learjet 31/A 1 2 2 1 6 -1<br />
Learjet 24/B/D/E/25B 2 2 1 5 +1<br />
Learjet 75 1 1<br />
Learjet 40 1 1<br />
Total 80 68 48 28 19 17 10 9 6 5 4 3 2 1 1 301<br />
Change from 2015 +6 +3 +5 -2 -6 -3 -1 +1 -1 -1 +1 +2<br />
36<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
OEM OVERVIEW<br />
Cessna<br />
Indonesia 4 (2%) PNG 3 (1%)<br />
New Zealand 7 (3%)<br />
New Caledonia 2 (1%)<br />
Ranking<br />
#3<br />
Growth<br />
-2 (-1%)<br />
Most Popular<br />
Citation Mustang<br />
Biggest <strong>Fleet</strong><br />
Australia 33%<br />
Malaysia 7 (3%)<br />
South Korea 7 (3%)<br />
Thailand 9 (4%)<br />
Philippines 12 (6%)<br />
Japan 28 (13%)<br />
33+16+14+13+6+4+3+3+3+2+1+1+1+G<br />
218<br />
Singapore 1 (1%)<br />
Australia 72 (33%)<br />
India 31 (14%)<br />
China 35 (16%)<br />
72+35+31+28+12+9+7+7+7+4 +3+2+1<br />
72<br />
35<br />
31<br />
28<br />
12<br />
9<br />
7<br />
7<br />
7<br />
4<br />
3<br />
2<br />
1<br />
Australia<br />
China<br />
India<br />
Japan<br />
Philippines<br />
Thailand<br />
New Zealand<br />
South Korea<br />
Malaysia<br />
Indonesia<br />
PNG<br />
New Caledonia<br />
Singapore<br />
Total<br />
Change from<br />
2015<br />
Citation S/II/Bravo/II/SP 17 4 7 1 3 2 2 36 -2<br />
Citation 525/CJ1/+/M2 10 12 2 4 1 3 32<br />
Citation Excel/XLS/+ 1 12 9 5 3 30 +2<br />
Citation Mustang 10 1 1 3 1 2 5 23 -1<br />
Citation CJ2/+ 3 11 7 1 22 -1<br />
Citation Sovereign/+ 5 4 4 2 4 19 +1<br />
Citation Ultra/V 4 4 4 12 -2<br />
Citation 500/I/SP 9 1 1 11<br />
Citation III/VI/VII 5 1 1 1 1 1 10<br />
Citation CJ4 3 1 1 1 1 7<br />
Citation X/+ 2 1 2 1 6<br />
Citation Encore/+ 3 2 5 +1<br />
Citation CJ3 3 1 1 5<br />
Total 72 35 31 28 12 9 7 7 7 4 3 2 1 218<br />
Change from 2015 -1 -3 -2 +2 +1 +1 +1 -2 +1 -2<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
37
OEM OVERVIEW<br />
Dassault<br />
New Zealand 1 (1%) Singapore 1 (1%)<br />
Japan 2 (2%)<br />
PNG 1 (1%)<br />
Ranking<br />
#4<br />
Growth<br />
+7 (+8%)<br />
Indonesia 2 (2%)<br />
Bangladesh 2 (2%)<br />
Thailand 4 (4%)<br />
Macau 1 (1%)<br />
Most Popular<br />
Falcon 7X<br />
Biggest <strong>Fleet</strong><br />
China 37%<br />
Philippines 4 (4%)<br />
Hong Kong 7 (7%)<br />
Australia 8 (8%)<br />
Malaysia 8 (8%)<br />
37+22+8+8+7+4+4+2+2+2+1+1+1+1+G<br />
100<br />
China 37 (37%)<br />
India 22 (22%)<br />
37+22+8+8+7+4+4+2+2+2 +1+1+1+1<br />
37<br />
22<br />
8<br />
8<br />
7<br />
4<br />
4<br />
2<br />
2<br />
2<br />
1<br />
1<br />
1<br />
1<br />
China<br />
India<br />
Malaysia<br />
Australia<br />
Hong Kong<br />
Philippines<br />
Thailand<br />
Bangladesh<br />
Indonesia<br />
Japan<br />
New Zealand<br />
Singapore<br />
PNG<br />
Macau<br />
Total<br />
Change from<br />
2015<br />
Falcon 7X 27 2 2 2 6 1 1 41 +4<br />
Falcon 2000/DX/EX EASy 1 14 1 1 17 +3<br />
Falcon 2000LX/LXS 2 3 2 1 1 2 1 1 13<br />
Falcon 900EX/EASy 3 1 1 1 1 7<br />
Falcon 900/C/DX 1 1 1 1 1 2 7 +1<br />
Falcon 900LX 5 1 6 -1<br />
Falcon 20D/F-5 2 2 4<br />
Falcon 10 1 1 2 +1<br />
Falcon 2000S 1 1 2<br />
Falcon 50 1 1 -1<br />
Total 37 22 8 8 7 4 4 2 2 2 1 1 1 1 100<br />
Change from 2015 +2 +2 +1 +1 +1 +7<br />
38<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
OEM OVERVIEW<br />
Embraer<br />
Taiwan 1 (1%)<br />
Macau 2 (2%)<br />
Philippines 1 (1%)<br />
Ranking<br />
#6<br />
Growth<br />
+10 (+14%)<br />
Most Popular<br />
Legacy 650<br />
Biggest <strong>Fleet</strong><br />
China 33%<br />
26+16+15+6+6+3+3+2+1+1<br />
26<br />
Malaysia 3 (4%)<br />
Hong Kong 3 (4%)<br />
Australia 6 (8%)<br />
Singapore 6 (8%)<br />
Indonesia 15 (19%)<br />
16<br />
15<br />
6<br />
33+20+19+8+8+4+4+2+1+1+G<br />
6<br />
3<br />
79<br />
3<br />
2<br />
1<br />
1<br />
China 26 (33%)<br />
India 16 (20%)<br />
China<br />
India<br />
Indonesia<br />
Singapore<br />
Australia<br />
Hong Kong<br />
Malaysia<br />
Macau<br />
Taiwan<br />
Philippines<br />
Total<br />
Change from<br />
2015<br />
Legacy 650 17 6 3 1 1 28 +5<br />
Legacy 600 2 7 5 1 1 1 1 18 -2<br />
Phenom 300 3 2 3 1 2 11 +6<br />
Phenom 100 1 3 1 3 1 9 -1<br />
Lineage 1000 4 1 1 1 1 8<br />
Legacy 500 1 1 1 3 +2<br />
ERJ135/ER/LR 2 2<br />
Total 26 16 15 6 6 3 3 2 1 1 79<br />
Change from 2015 +5 +1 +1 -1 +1 +2 +1 +10<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
39
OEM OVERVIEW<br />
Gulfstream<br />
Ranking<br />
#2<br />
Growth<br />
+20 (+8%)<br />
Most Popular<br />
G550<br />
Biggest <strong>Fleet</strong><br />
China 36%<br />
South Korea 4 (1%) Cambodia 3 (1%)<br />
Indonesia 5 (2%)<br />
Malaysia 8 (3%)<br />
Taiwan 9 (3%)<br />
India 10 (4%)<br />
Australia 12 (4%)<br />
Philippines 12 (4%)<br />
Thailand 12 (4%)<br />
Japan 14 (5%)<br />
Singapore 22 (8%)<br />
36+24+7+4+4+4+4+4+4+3+2+1+1+1+1+G<br />
283<br />
Macau 2 (1%)<br />
New Zealand 2 (1%)<br />
China 102 (36%)<br />
Hong Kong 66 (23%)<br />
100+66+22+14+12+12+12+10+9+8 +5+4+3+2+2<br />
102<br />
66<br />
22<br />
14<br />
12<br />
12<br />
12<br />
10<br />
9<br />
8<br />
5<br />
4<br />
3<br />
2<br />
2<br />
China<br />
Hong Kong<br />
Singapore<br />
Japan<br />
Thailand<br />
Philippines<br />
Australia<br />
India<br />
Taiwan<br />
Malaysia<br />
Indonesia<br />
South Korea<br />
Cambodia<br />
New Zealand<br />
Macau<br />
Total<br />
Change from<br />
2015<br />
G550 44 26 5 2 3 3 3 3 3 1 2 2 1 1 99 +4<br />
G450 39 13 6 1 3 1 2 2 1 68 -3<br />
G200 8 8 4 3 1 3 1 2 1 31 -1<br />
G650 3 8 1 5 3 2 2 2 2 1 29 +15<br />
G650ER 4 8 1 1 14 +7*<br />
GIV/IV-SP 1 1 2 1 4 1 2 1 13 -5<br />
GV 1 2 2 2 1 8 -1<br />
G280 3 1 1 2 7<br />
G100/G150 2 2 2 1 7 +2<br />
G300/G350 1 1 1 3 +1<br />
GIII 1 1 2 +1<br />
GII 1 1<br />
G500 1 1<br />
Total 102 66 22 14 12 12 12 10 9 8 5 4 3 2 2 283<br />
Change from 2015 +4 +5 +2 +3 +2 +1 +3 -1 +2 -1 +20<br />
*Two of the G650ERs are upgraded from G650s<br />
40<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
OEM OVERVIEW<br />
Hawker<br />
Ranking<br />
#5<br />
Growth<br />
-8 (-9%)<br />
Most Popular<br />
Hawker 850XP<br />
Biggest <strong>Fleet</strong><br />
India 33%<br />
Japan 2 (2%) Bangladesh 1 (1%)<br />
South Korea 2 (2%)<br />
Taiwan 3 (4%)<br />
Singapore 4 (5%)<br />
Thailand 7 (8%)<br />
Philippines 8 (9%)<br />
China 8 (9%)<br />
33+14+11+9+9+8+5+4+2+2+1+1+1+G<br />
86<br />
Macau 1 (1%)<br />
Malaysia 1 (1%)<br />
India 28 (33%)<br />
Indonesia 12 (14%)<br />
Australia 9 (11%)<br />
28+12+9+8+8+7+4+3+2+2 +1+1+1<br />
28<br />
12<br />
9<br />
8<br />
8<br />
7<br />
4<br />
3<br />
2<br />
2<br />
1 1<br />
1<br />
India<br />
Indonesia<br />
Australia<br />
China<br />
Philippines<br />
Thailand<br />
Singapore<br />
Taiwan<br />
South Korea<br />
Japan<br />
Malaysia<br />
Bangladesh<br />
Macau<br />
Total<br />
Change from<br />
2015<br />
Hawker 800A/B/850XP/<br />
XPI/125-1A<br />
10 2 5 5 3 4 1 1 31 -6<br />
Hawker 400/A/B/Diamond I 3 3 2 1 3 1 1 2 16 +1<br />
Hawker 900XP 6 5 1 1 13 -2<br />
Hawker 700A/B/750 2 4 1 7 -1<br />
Hawker 400XP 1 1 1 2 2 7 +2<br />
Premier I/IA 4 1 1 6 -2<br />
Hawker 4000 2 1 1 4<br />
Hawker 1000A/B 1 1 2<br />
Total 28 12 9 8 8 7 4 3 2 2 1 1 1 86<br />
Change from 2015 +1 -5 -4 -1 +1 +1 -8*<br />
*Include one Hawker 800A which left Hong Kong<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
41
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COUNTRY PROFILE: GREATER CHINA<br />
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GREATER CHINA<br />
Home to the largest business jet fleet in the Asia-Pacific region, Greater China has quickly<br />
evolved since its inception in the early 1990s into the leader for business aviation in the<br />
region. Over the last decade, increasingly large corporations and the growing number of<br />
HNWIs in Greater China have come to realize the value of a business jet, significantly expanding the<br />
size of the fleet to 477 aircraft at the end of <strong>2016</strong>, a 4% increase over 2015 and representing 41% of<br />
the total Asia Pacific fleet.<br />
+4.2%<br />
2014 (427)<br />
2015 (458) +7.3%<br />
<strong>2016</strong> (477) +4.2%<br />
94+0+036+0+06+0+04+0+0 0+98+0 0+0+1000+40+0 0+0+430+7+0 0+0+70+<br />
0<br />
288<br />
+4.3%<br />
300 313<br />
+13.7% +4.8% +23.5% +9.5% +0%<br />
109<br />
124<br />
130<br />
-15.4%<br />
17 21 23 13 13 11<br />
China<br />
Hong Kong<br />
Taiwan<br />
Macau<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
43
COUNTRY PROFILE: GREATER CHINA<br />
Net <strong>Fleet</strong> Change by Top Operator 1<br />
68+0+0 0+59+0 0+0+47 45+0+0 0+54+0 0+0+46 35+0+0 0+30+0 0+0+31 10+0+0 0+18+0 0+0+30 31+0+0 0+26+0 0+0+23 20+0+0 0+29+0 0+0+23 16+0+0 0+21+0 0+0+220+13<br />
68<br />
59<br />
47<br />
45<br />
54<br />
46<br />
35<br />
30<br />
31<br />
10<br />
18<br />
30<br />
31<br />
26<br />
23<br />
20<br />
29<br />
23<br />
16<br />
21<br />
22<br />
11+0+0 0+0+15<br />
11<br />
13<br />
15<br />
2014 (252)<br />
16+0+0 0+0+14<br />
2015 (264)<br />
<strong>2016</strong> (251)<br />
16<br />
14<br />
14<br />
Deer <strong>Jet</strong><br />
BAA<br />
TAG Aviation<br />
Sino <strong>Jet</strong><br />
Metrojet<br />
<strong>Jet</strong> Aviation<br />
HongKong <strong>Jet</strong><br />
Lily <strong>Jet</strong><br />
China Eastern<br />
Net <strong>Fleet</strong> Growth by Registration<br />
59+0+0 0+56+0 0+0+51 19+0+0 0+19+0 0+0+237+0+0 0+9+0 0+0+106+0+0 0+5+0 0+0+53+0+0 0+3+0 0+0+43+0+0<br />
0+3+0 0+0+30+3+0<br />
0+0+2<br />
59%<br />
56%<br />
51%<br />
19%<br />
19%<br />
23%<br />
7%<br />
9%<br />
10%<br />
6%<br />
5%<br />
5%<br />
3%<br />
3%<br />
4%<br />
3%<br />
3%<br />
3%<br />
3+0+0 0+0+0<br />
3%<br />
3%<br />
2%<br />
0%<br />
1%<br />
2%<br />
China<br />
United States<br />
Cayman Islands<br />
Hong Kong<br />
Isle of Man<br />
Taiwan<br />
Bermuda<br />
Others<br />
Individually, Mainland China continued to have the largest<br />
business jet fleet in the Asia-Pacific region, with 313 business<br />
jets at yearend <strong>2016</strong>, up from 300 in 2015. Taiwan’s fleet slightly<br />
grew from 21 in 2015, to 23 in <strong>2016</strong>. Hong Kong’s fleet increased<br />
to 130 from 124 in 2015, while Macau’s fleet decreased from 13<br />
business jets in 2015 to 11 in <strong>2016</strong>.<br />
While the mainland’s anti-corruption campaign has in recent<br />
years instilled buyers with caution regarding how purchasing<br />
such an expensive asset might be perceived by peers and the<br />
government, the market’s potential remains extremely high<br />
as it continues to produce the largest numbers of HNW and<br />
UHNWIs in the region.<br />
Note (1): Only include the operator’s fleet in Greater China<br />
44<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COUNTRY PROFILE: GREATER CHINA<br />
Net <strong>Fleet</strong> Growth by OEM<br />
2014 (427)<br />
2015 (458)<br />
80+0+0 0+86+0 0+0+90 59+0+0 0+64+0 0+0+69 21+0+0 0+22+0 0+0+23 19+0+0 0+19+0 0+0+186+0+0 13+0+0 0+14+0 0+0+169+0+0<br />
10+0+0 0+12+0 0+0+10<br />
160<br />
171<br />
179<br />
117<br />
127<br />
138<br />
41<br />
43<br />
45<br />
38<br />
38<br />
35<br />
25<br />
27<br />
32<br />
19<br />
23<br />
19<br />
9<br />
12<br />
17<br />
18<br />
<strong>2016</strong> (477)<br />
17<br />
12<br />
Gulfstream<br />
Bombardier<br />
Dassault<br />
Cessna<br />
Embraer<br />
Airbus<br />
Boeing<br />
Hawker<br />
Net <strong>Fleet</strong> Growth by Size Category<br />
18+0+0 0+21+0 0+0+21 75+0+0 0+82+0 0+0+95 72+0+0 0+78+0 0+0+77 29+0+0 0+27+0 0+0+24 13+0+0 0+13+0 0+0+158+<br />
0<br />
16<br />
Corp. Airliner<br />
Long Range<br />
Large<br />
Mid-Size<br />
Light<br />
Very Light<br />
14<br />
35<br />
18<br />
41<br />
42<br />
26<br />
26<br />
48<br />
29<br />
57<br />
54<br />
149<br />
163<br />
144<br />
156<br />
154<br />
190<br />
The Chinese general aviation industry was also delivered with<br />
overall positive news in <strong>2016</strong> when the government announced<br />
steps toward further enhancing and opening up the industry in<br />
the coming years.<br />
According to the <strong>2016</strong> Chinese State Council <strong>Report</strong>, “As part of<br />
efforts to promote industry transformation and upgrades, and<br />
to further tap consumption potential, an initiative is set to build<br />
a general aviation industry that has more than 500 general<br />
aviation airports, 5,000 aircraft, and a group of competitive<br />
enterprises by the end of 2020.”<br />
Additionally, the plan would open the country’s lower airspace<br />
below 3,000-meters, up from 1,000-meters, as well as simplify<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
45
COUNTRY PROFILE: GREATER CHINA<br />
<strong>Fleet</strong> by Size Category<br />
Very Light 14 (3%)<br />
Light 29 (6%)<br />
Corp. Airliner 42 (9%)<br />
Mid-Size 48 (10%)<br />
Large 154 (32%)<br />
<strong>Fleet</strong> by OEM<br />
Boeing 17 (4%)<br />
Airbus 19 (4%)<br />
Embraer 32 (7%)<br />
Cessna 35 (7%)<br />
Dassault 45 (9%)<br />
Bombardier 138 (29%)<br />
40+32+10+9+6+3+G<br />
477<br />
38+29+9+7+7+4+4+2+G<br />
477<br />
Long Range 190 (40%)<br />
Hawker 12 (2%)<br />
Gulfstream 179 (38%)<br />
Long-range business jets are still the<br />
most popular aircraft type in Greater<br />
China, making up 40% of the fleet, an<br />
increase from 36% in 2015. Large-sized<br />
business jets represent 32%, with midsized<br />
business jets following with 10%.<br />
Gulfstream continues to be the OEM of<br />
choice in Greater China making up 38%<br />
of the fleet, with a net increase in <strong>2016</strong><br />
of 8 aircraft. Bombardier maintained its<br />
position from 2015, holding 29% of the<br />
fleet, while Dassault followed with 9%.<br />
Cessna, Airbus and Hawker all suffered<br />
losses in <strong>2016</strong>.<br />
The majority of Gulfstream’s growth in<br />
<strong>2016</strong>, particularly in Mainland China,<br />
came by virtue of the G650ER, with<br />
four deliveries of the aircraft to the<br />
Mainland and two additional G650ERs<br />
in Hong Kong, one new delivery and one<br />
eventually upgraded to the ER version.<br />
The top operator in Greater China<br />
continues to be Mainland-based Deer<br />
<strong>Jet</strong>. In 2014, Deer <strong>Jet</strong> had a fleet of 68,<br />
which fell to 59 in 2015 and 47 in <strong>2016</strong><br />
though, after selling a total of seven,<br />
mostly older Hawker models, to buyers in the US.<br />
and reduce the application time and process for flight approvals;<br />
a move beneficial to general aviation aircraft.<br />
The country’s growing fleet and rising air travel demand has, in<br />
recent years, been limited due to a lack of proper infrastructure.<br />
The International Air Transport Association (IATA) has declared:<br />
“China is expected to overtake the United States as the world’s<br />
largest passenger market by 2024.” By 2035, IATA also forecasts<br />
China will be a market of 1.3 billion passengers.<br />
With this new initiative promoting general aviation, hopes<br />
are high for new and improved facilities to cater towards<br />
commercial aviation and more specifically, business jets, as<br />
well as training schools, FBOs, MROs and hangar facilities.<br />
Already in the works is Beijing’s Daxing International Airport.<br />
Expected to serve Beijing, Tianjin and Hebei, the new airport will<br />
free up capacity at current airports and provide considerable<br />
support to the business aviation industry. The airport is<br />
expected to be finished in 2019.<br />
<strong>Business</strong> Aviation Asia (BAA) also experienced a reduction in<br />
fleet size. In 2014, BAA maintained a fleet of 45 and increased<br />
this to 54 in 2015. After a change of management and overall<br />
strategy in <strong>2016</strong>, BAA reduced its fleet back to 46.<br />
Aircraft operator Sino <strong>Jet</strong> was one of the few Hong Kongbased<br />
operators to see a big increase. In 2015, the operator<br />
maintained 18 aircraft, which increased to 30 in <strong>2016</strong>. Newly<br />
established Bellawings <strong>Jet</strong>, based in Hong Kong, celebrated<br />
its two-year anniversary in <strong>2016</strong>. The milestone came with the<br />
addition of several new aircraft, with the company reaching 11<br />
in <strong>2016</strong>, from just three in 2015.<br />
Subsidiary of the Chinese conglomerate HNA Group, HongKong<br />
<strong>Jet</strong> wasn’t as successful as some of the other local operators.<br />
The business jet operator had a fleet of 21 in Greater China in<br />
2015 and just 22 in <strong>2016</strong>.<br />
As far as the preferred choice of country of registration for<br />
the fleet, Mainland China, the USA and Cayman are the top 3<br />
representing 84% of the aircraft. The popularity of Chinese<br />
registrations – either Mainland China, Hong Kong, Macau or<br />
46<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COUNTRY PROFILE: GREATER CHINA<br />
FOR MORE COUNTRY PROFILES VISIT:<br />
WWW.ASIANSKYMEDIA.COM<br />
Taiwan – all decreased in <strong>2016</strong> versus 2015. Mainland China<br />
in particular saw the biggest decline in registrations (7%) and<br />
until the tax environment for business jets improves, this trend<br />
is unlikely to change. The USA saw the biggest growth through<br />
<strong>2016</strong> (4%) and individually increased its market share across<br />
Greater China. Cayman and Isle of Man also experienced<br />
growth (1% each).<br />
As the largest market in Asia Pacific region, Greater China’s<br />
business jet sector still faces challenges — increased traffic<br />
levels, infrastructure and lack of sufficient human capital.<br />
Although the region’s new general aviation regulations will<br />
benefit the industry, the market will need continued growth to<br />
uphold support from the government. .<br />
<strong>Fleet</strong> by Registration<br />
Cayman Islands China Hong Kong Isle of Man Taiwan United States Others<br />
China 77% 14% 4% 3%<br />
Hong Kong 38% 28% 18% 5% 3% 8%<br />
Taiwan 57% 43%<br />
Macau 73% 9% 18%<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
47
COUNTRY PROFILE: GREATER CHINA<br />
China <strong>Fleet</strong> by OEM<br />
Boeing 10 (3%)<br />
Hawker 8 (2%)<br />
Airbus 15 (5%)<br />
Embraer 26 (8%)<br />
Cessna 35 (11%)<br />
Dassault 37 (12%)<br />
Bombardier 80 (26%)<br />
33+26+12+11+8+5+3+2+G<br />
313<br />
Gulfstream 102 (33%)<br />
Hong Kong <strong>Fleet</strong> by OEM<br />
Embraer 3 (2%)<br />
Airbus 1 (1%)<br />
Boeing 5 (4%)<br />
Dassault 7 (5%)<br />
Bombardier 48 (37%)<br />
51+37+5+4+2+1+G<br />
130<br />
Gulfstream 66 (51%)<br />
Taiwan <strong>Fleet</strong> by OEM<br />
Embraer 1 (4%)<br />
Airbus 2 (9%)<br />
Boeing 2 (9%)<br />
Hawker 3 (13%)<br />
Bombardier 6 (26%)<br />
39+26+13+9+9+4+G<br />
23<br />
Gulfstream 9 (39%)<br />
Macau <strong>Fleet</strong> by OEM<br />
Dassault 1 (9%)<br />
Airbus 1 (9%)<br />
Hawker 1 (9%)<br />
Embraer 2 (18%)<br />
37+18+18+9+9+9+G<br />
11<br />
Bombardier 4 (37%)<br />
Gulfstream 2 (18%)<br />
FOR MORE COUNTRY PROFILES VISIT:<br />
WWW.ASIANSKYMEDIA.COM<br />
48<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
The Power of AsBAA<br />
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COUNTRY PROFILE: GREATER CHINA<br />
<strong>Fleet</strong> by Model<br />
477 in Total<br />
Airbus 19 (4%)<br />
Boeing 17 (4%)<br />
Bombardier 138 (29%)<br />
Cessna 35 (7%)<br />
8+6+3+1+116+127+24+19+17+12+9+7+6+5+5+4+312+12+4+4+1+1+1<br />
ACJ319 8<br />
ACJ318 6<br />
A319ER 3<br />
ACJ320<br />
ACJ330<br />
BBJ<br />
B787-8<br />
Global 6000<br />
Challenger 605<br />
Global 5000<br />
Challenger 800/850<br />
Challenger 870<br />
CRJ100/200/VIP<br />
Challenger 300/350<br />
Global Express XRS<br />
Challenger 604<br />
Learjet 35/A/36/A<br />
Global Express<br />
Learjet 60/XR<br />
Citation 525/CJ1/+/M2<br />
Citation Excel/XLS/+<br />
Citation S/II/Bravo/II/SP<br />
Citation Sovereign/+<br />
Citation X/+<br />
Citation III/VI/VII<br />
Citation Mustang<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
3<br />
4<br />
4<br />
4<br />
5<br />
5<br />
6<br />
7<br />
9<br />
12<br />
12<br />
12<br />
16<br />
17<br />
19<br />
24<br />
27<br />
50<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COUNTRY PROFILE: GREATER CHINA<br />
Dassault 45 (9%)<br />
Embraer 32 (7%)<br />
Gulfstream 179 (38%)<br />
Hawker 12 (3%)<br />
33+5+3+1+1+1+118+6+3+3+1+1 74+52+17+14+12+6+1+1+1+1 5+2+2+2+1<br />
Falcon 7X<br />
Falcon 900LX<br />
Falcon 2000LX/LXS<br />
Falcon 900/C/DX<br />
Falcon 900EX/EASy<br />
Falcon 2000/DX/EX EASy<br />
Falcon 2000S<br />
Legacy 650<br />
Lineage 1000 6<br />
Phenom 300 3<br />
Legacy 600 3<br />
Legacy 500 1<br />
Phenom 100 1<br />
G550<br />
G450<br />
G200<br />
G650<br />
G650ER<br />
G280<br />
GV<br />
GIV/IV-SP<br />
G100/G150<br />
G300/G350<br />
Hawker 800A/B/850XP/XPI/125-1A<br />
Hawker 400/A/B/Diamond I<br />
Hawker 4000<br />
Hawker 400XP<br />
Hawker 900XP<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
1<br />
2<br />
2<br />
2<br />
3<br />
5<br />
5<br />
6<br />
17<br />
14<br />
12<br />
18<br />
33<br />
52<br />
74<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
51
COUNTRY PROFILE: GREATER CHINA<br />
<strong>Fleet</strong> by Operator<br />
91 Operators in total<br />
33<br />
58<br />
Operators shown represent 84% of the fleet<br />
Operators - 1-2 aircraft each<br />
Deer <strong>Jet</strong><br />
BAA<br />
TAG Aviation<br />
Sino <strong>Jet</strong><br />
<strong>Jet</strong> Aviation<br />
Metrojet<br />
HongKong <strong>Jet</strong><br />
Lily <strong>Jet</strong><br />
China Eastern<br />
China United<br />
Bellawings<br />
CAAC Inspection<br />
Nanshan <strong>Jet</strong><br />
China Ocean<br />
Global <strong>Jet</strong><br />
CAFUC<br />
Executive Aviation<br />
Sparkle Roll<br />
Beijing Airlines<br />
Zetta <strong>Jet</strong><br />
NRSCC<br />
China Zhongfei<br />
EVA Airways<br />
Mandarin Air<br />
Win Air <strong>Jet</strong><br />
Astro Air<br />
Hanergy<br />
AllPoints <strong>Jet</strong><br />
Donghai <strong>Jet</strong><br />
Fortuna <strong>Jet</strong><br />
Gama Aviation<br />
Vision Aviation<br />
Wanfeng<br />
47<br />
47+46+31+30+23+23+22+15+14+13+11+11+11+9+9+8+7+7+6+6+5+5+5+5+5+4+4+3+3+3+3+3+3<br />
3<br />
3<br />
3<br />
3<br />
3<br />
3<br />
4<br />
4<br />
5<br />
5<br />
5<br />
5<br />
5<br />
6<br />
6<br />
7<br />
7<br />
8<br />
9<br />
9<br />
11<br />
11<br />
11<br />
13<br />
15<br />
14<br />
23<br />
23<br />
22<br />
31<br />
30<br />
46<br />
CAFUC: Civil Aviation Flight University of China<br />
NRSCC: The National Remote Sensing Center of China<br />
52<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COUNTRY PROFILE: GREATER CHINA<br />
Top Operator’s <strong>Fleet</strong> by Model<br />
Deer <strong>Jet</strong><br />
BAA<br />
TAG Aviation<br />
Sino <strong>Jet</strong><br />
Metrojet<br />
<strong>Jet</strong> Aviation<br />
HongKong <strong>Jet</strong><br />
Lily <strong>Jet</strong><br />
China Eastern<br />
47+46+31+30+23+23+22+15+14<br />
47 46<br />
31 30<br />
23 23 22<br />
15 14<br />
Total<br />
Airbus<br />
Boeing<br />
Bombardier<br />
Dassault<br />
Embraer<br />
Gulfstream<br />
Hawker<br />
ACJ318 2 1 1 4<br />
ACJ319 1 2 3<br />
ACJ320 1 1<br />
BBJ 2 3 1 3 9<br />
B787-8 1 1<br />
Global 6000 4 9 3 1 17<br />
Challenger 605 1 3 2 3 1 1 1 12<br />
Global 5000 5 1 2 1 2 11<br />
Challenger 800/850 1 3 5 9<br />
Challenger 604 1 2 3<br />
Global Express XRS 1 1 2<br />
Challenger 300/350 1 1 2<br />
Global Express 1 1 2<br />
Learjet 60/XR 1 1<br />
Falcon 7X 4 9 3 1 1 2 20<br />
Falcon 900LX 1 2 1 1 5<br />
Falcon 2000S 1 1<br />
Legacy 650 4 1 5 1 5 16<br />
Lineage 1000 1 1<br />
Legacy 600 1 1<br />
G550 18 9 4 8 8 3 3 53<br />
G450 12 8 3 5 3 3 3 2 39<br />
G650ER 2 5 3 1 11<br />
G200 2 1 1 1 3 2 1 11<br />
G650 1 4 1 2 8<br />
GV 1 1<br />
GIV/IV-SP 1 1<br />
G280 1 1<br />
G300/G350 1 1<br />
Hawker 800A/B/850XP/<br />
XPI/125-1A<br />
2 1 3<br />
Hawker 4000 1 1<br />
Total 47 46 31 30 23 23 22 15 14 251<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
53
COUNTRY PROFILE: GREATER CHINA<br />
Additions & Deductions by Model<br />
+19 in total<br />
New Deliveries<br />
New Deliveries (+34)<br />
Dassault 2 (6%)<br />
Boeing 2 (6%)<br />
Pre-owned (+19)<br />
Deductions (-34)<br />
Airbus<br />
-4<br />
ACJ318<br />
ACJ319<br />
-3<br />
-1<br />
Embraer 4 (12%)<br />
44+32+12+6+6+G<br />
+34<br />
Boeing<br />
+5<br />
BBJ<br />
B787-8<br />
1<br />
1<br />
3<br />
Bombardier 11 (32%) Gulfstream 15 (44%)<br />
Bombardier<br />
+11<br />
Global 6000<br />
Global 5000<br />
Challenger 300/350<br />
CRJ100/200/VIP<br />
Learjet 60/XR<br />
Global Express<br />
-1<br />
-1<br />
-1<br />
-2<br />
2<br />
1<br />
2<br />
1<br />
8<br />
2<br />
Pre-owned Additions<br />
Dassault 1 (5%)<br />
Cessna 1 (5%)<br />
Cessna<br />
Dassault<br />
-3<br />
+2<br />
Citation Excel/XLS/+<br />
Citation 525/CJ1/+/M2<br />
Citation Mustang<br />
Falcon 7X<br />
Falcon 2000/DX/EX EASy<br />
Falcon 900LX<br />
-3<br />
-1<br />
-1<br />
1<br />
2<br />
1<br />
Embraer 1 (5%)<br />
Boeing 3 (16%)<br />
Bombardier 5 (27%)<br />
42+27+16+5+5+5+G<br />
+19<br />
Gulfstream 8 (42%)<br />
Embraer<br />
+5<br />
Legacy 650<br />
Phenom 300<br />
Legacy 500<br />
1 1<br />
2<br />
1<br />
Deductions<br />
Gulfstream<br />
+8<br />
G650<br />
G650ER<br />
G550<br />
G450<br />
G200<br />
G100/G150<br />
G280<br />
GIV/IV-SP<br />
GV<br />
-6<br />
-3<br />
-1<br />
-1<br />
-1<br />
-1<br />
-1<br />
-1<br />
6<br />
5<br />
3 1<br />
1 1<br />
1<br />
5<br />
Cessna 4 (12%)<br />
Airbus 4 (12%)<br />
Hawker 5 (15%)<br />
Bombardier 5 (15%)<br />
44+15+15+12+12+2+G<br />
-34<br />
Dassault 1 (2%)<br />
Gulfstream 15 (44%)<br />
Hawker<br />
-5<br />
Hawker 900XP<br />
Hawker 800A/B/850XP/<br />
XPI/125-1A<br />
-4<br />
-1<br />
54<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
COUNTRY PROFILE: GREATER CHINA<br />
<strong>Fleet</strong> by Age<br />
477 in Total<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
1977<br />
1978<br />
1979<br />
1980<br />
1981<br />
1982<br />
1983<br />
1984<br />
1985<br />
1986<br />
1987<br />
1988<br />
1989<br />
1990<br />
1991<br />
1992<br />
1993<br />
1994<br />
1995<br />
1996<br />
1997<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
2009<br />
2010<br />
2011<br />
2012<br />
2013<br />
2014<br />
2015<br />
<strong>2016</strong><br />
Year of Manufacture<br />
<strong>Fleet</strong> Growth<br />
<strong>Business</strong> <strong>Jet</strong>s in Greater China<br />
Growth Rate<br />
<strong>Fleet</strong> Size<br />
600 60%<br />
500<br />
49%<br />
458<br />
477 482<br />
50%<br />
42%<br />
43%<br />
427<br />
400<br />
379<br />
40%<br />
315<br />
300<br />
28%<br />
25%<br />
30%<br />
211<br />
20%<br />
200<br />
148<br />
20%<br />
118<br />
13%<br />
92<br />
100 65<br />
7%<br />
10%<br />
4%<br />
1%<br />
0 0<br />
2007 2006 2009 2010 2011 2012 2013 2014 2015 <strong>2016</strong> 2017<br />
At the beginning of <strong>2016</strong>, ASG saw a difficult year ahead<br />
for Greater China and forecasted growth of only 5.2% at the<br />
high end, down from 7.3% in 2014. This was also predicated<br />
on China’s macro-economic performance. In the end, GDP<br />
worsened through <strong>2016</strong> and growth for the Greater China<br />
business jet fleet was only 4.2%. Growth was also impacted<br />
by infrastructure issues in Hong Kong which finally started<br />
to influence buyer sentiment, and the Taiwanese market<br />
which failed to deliver the expected growth.<br />
For 2017, ASG predicts growth finally flattening out at around<br />
1% as new deliveries continue to decline and pent up demand<br />
for G650s recedes. The good news is the market shouldn’t<br />
get any worse through 2017 and ASG sees a modest return<br />
to growth in 2018 when the market should also get some<br />
stimulation from deliveries of 8Xs, G500s and G7000s.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
55
APP<strong>EN</strong>DIX<br />
SIZE CATEGORY<br />
CORPORATE AIRLINER<br />
ACJ318<br />
ACJ319<br />
ACJ320<br />
ACJ330<br />
Airbus A319ER<br />
Airbus 340-200<br />
BBJ<br />
BBJ2<br />
Boeing 727-100<br />
Boeing 737-400<br />
Boeing 747-400<br />
Boeing 757-200<br />
Boeing 767-200ER<br />
Boeing 787-8<br />
BAE 146<br />
Dornier 328JET<br />
Lineage 1000<br />
LONG RANGE<br />
Global 5000<br />
Global 6000<br />
Global Express<br />
Global Express XRS<br />
Falcon 7X<br />
Gulfstream G500*<br />
Gulfstream G550<br />
Gulfstream V<br />
Gulfstream G650<br />
Gulfstream G650ER<br />
LARGE<br />
Challenger 600/601<br />
Challenger 604<br />
Challenger 605<br />
Challenger 800/850<br />
Challenger 870<br />
CRJ100/200/VIP<br />
Legacy 600<br />
Legacy 650<br />
ERJ135ER/LR<br />
Falcon 900/C/DX<br />
Falcon 900EX/EASy<br />
Falcon 900LX<br />
Falcon 2000/DX/EX EASy<br />
Falcon 2000LX/LXS<br />
Falcon 2000S<br />
Gulfstream II<br />
Gulfstream G300/G350<br />
Gulfstream III<br />
Gulfstream G450<br />
Gulfstream IV/IV-SP<br />
MID-SIZE<br />
Challenger 300/350<br />
Learjet 60/XR<br />
Citation Sovereign/+<br />
Citation X/+<br />
Legacy 500<br />
Falcon 20D/F-5<br />
Falcon 50<br />
Gulfstream G100/G150<br />
Gulfstream G200<br />
Gulfstream G280<br />
Hawker 700A/B/750<br />
Hawker 800A/B/850XP/XPI/125-1A<br />
Hawker 900XP<br />
Hawker 1000A/B<br />
Hawker 4000<br />
LIGHT<br />
Learjet 31/A<br />
Learjet 35/A/36/A<br />
Learjet 40<br />
Learjet 45/XR<br />
Learjet 75<br />
Citation 500/I/SP<br />
Citation CJ2/+<br />
Citation CJ3<br />
Citation CJ4<br />
Citation Encore/+<br />
Citation Excel/XLS/+<br />
Citation III/VI/VII<br />
Citation S/II/Bravo/II/SP<br />
Citation Ultra/V<br />
Phenom 300<br />
Falcon 10<br />
Hawker 400/A/B/Diamond I<br />
Hawker 400XP<br />
Nextant 400XT/XTi<br />
Sabreliner 65<br />
Westwind 1/2<br />
VERY LIGHT<br />
Learjet 24/B/D/E/25B<br />
Citation 525/CJ1/+/M2<br />
Citation Mustang<br />
Eclipse 500<br />
Phenom 100<br />
Premier I/IA<br />
* Gulfstream G500 is a former variant of the G550,<br />
introduced into service in 2004.<br />
56 ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong>
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
57
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» If your costs were stabilized and predictable<br />
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We want our name to be synonymous with lower maintenance<br />
costs, higher residual value and superior service around the<br />
globe. We provide Tip-to-Tail® coverage for virtually any<br />
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turboprops and helicopters. JSSI. A better approach.<br />
jetsupport.com<br />
Call or email us at +1.312.644.8810 or info@jetsupport.com