Asian Sky Quarterly 2018Q1 ASQ10 EN

FIRST QUARTER 2018 

PRE-OWNED MARKET 

DASSAULT FALCON 2000 SERIES 

ASIA-PACIFIC OUTLOOK 

METRICS & MOOD 

UPCOMING AIRCRAFT 

DASSAULT FALCON 6X 

INTERVIEWS 

ALAN HUNG 

ASIAN SKY GROUP 

HIRONORI ABE 

SETOUCHI SEAPLANES 

VIOLET KWEK 

GLOBAL JET CAPITAL 

INDUSTRY EVENT 

SINGAPORE AIRSHOW 

COUNTRY PROFILE 

INDOCHINA 

MARKET SUMMARIES 

JETS & HELICOPTERS

PUBLISHER’S NOTE 

For this quarter’s edition of Asian Sky Quarterly, there seems to be two 

stories unfolding. From our “Market Dynamics” section, we are seeing 

the market cheer as we move further and further into a seller’s territory 

with the percent of the fleet for sale decreasing and prices rising. But 

our “Mood & Intentions” survey highlights optimism flattening out and 

purchase intention subsequently diminishing. 

The latter first. Optimism has flatten out because frankly it couldn’t climb 

much higher. It has been on a constant rise since 2Q/3Q 2016 and now 

sits at around 90% for most areas in the Asia Pacific region. Optimism 

was also overall pulled down by a poor mood in the quarter from 

Australia which, as one can see from our “2017Q4 Economics” section, 

can be attributed to falling GDP. As to purchase intention, the changes 

have only been in the range of 1 – 3% (statistically insignificant?) which 

one could therefore simply cast off as being merely a “start of a new 

year” pause or fluctuation. 

lines, and sellers are hanging on to their aircraft longer waiting for that 

better deal i.e. days on market are rising. 

Another “right moment’ is the arrival of the Falcon 6X which is on 

the covers of this edition of Asian Sky Quarterly and featured as the 

“Upcoming Aircraft”. Falcon’s 2000 series of aircraft also gets our 

scrutiny in the “Pre-Owned Market Spotlight”. The “Country Profile” this 

time is of the Indochina region including Cambodia, Laos, Myanmar & 

Vietnam. And, as always, we are featuring a number of interviews, this 

time of Hironori Abe from Setouchi Holdings Inc, Violet Kwek from Global 

Jet Capital and ASG’s own Alan Hung. 

The reason I take such a flippant view of the “Mood & Intentions” 

this time is because of the former. As you can see from our “Market 

Dynamics” section everything seems to be going right at the moment. 

The over supply that existed in the market is getting burned down further 

now – good aircraft at good prices are selling – and with less supply, 

asking prices are firming up and even increasing. Consequently, we are 

moving deeper into seller’s territory, as seen from our “Market Trend” 

Sincerely, 

Jeffrey C. Lowe 

Managing Director, Asian Sky Group 

SPECIAL THANKS TO OUR CONTRIBUTORS: 

DHT Aiai 

M y ih rec 

FIRST QUARTER 2018 — ASIAN SKY QUARTERLY | 1

CONTENTS 

04 ECONOMICS 

24 

06 

12 

14 

18 

22 

Overview of the Asia-Pacific region’s current status and 

specific country’s GDP versus their business jet fleet size. 

MOOD & INTENTIONS 

Results of the survey on the Asia-Pacific region’s outlook 

on current economic status, aircraft utilization, purchase 

intentions and influencing factors. 

INTERVIEW: 

ALAN HUNG, DIRECTOR, BUSINESS DEVELOPMENT 

ASIAN SKY GROUP 

Discussing his breadth of experience in the aviation 

industry and his eagerness to find the best solutions for 

clients including transactions, consulting and through 

ASG’s media services. 

COUNTRY PROFILE - INDOCHINA 

Overview and examination of Indochina’s business aviation 

industry, its business jet operating environment and 

potential for the future. 

UPCOMING SPOTLIGHT 


An introduction to the French manufacturer’s recently 

launched 6X, with a first look at its specifications and 

capabilities. 

INDUSTRY EVENT: 

SINGAPORE AIRSHOW REVIEW 

An overview of Asia’s largest aerospace and defence show, 

held biannually at the Changi Exhibition Centre. 

32 

35 

40 

43 

56 

MARKET DYNAMICS 

An in-depth analysis of inventory levels, market trends 

and the changing price signals for the business jet and 

helicopter fleets in the Asia-Pacific region, given the 

continual fluctuations in supply and demand. 

INTERVIEW: 

HIRONORI ABE, VICE PRESIDENT OF AVIATION 

COMPANY, SETOUCHI HOLDINGS INC. 

Speaking on the company’s use of seaplanes to revitalize 

cities, including its newest venture bringing the Kodiak 100 

to the Philippines. 

PRE-OWNED MARKET SPOTLIGHT 

DASSAULT FALCON 2000 SERIES 

A comprehensive analysis of the pre-owned Falcon 2000 

market. 

INTERVIEW: 

VIOLET KWEK, SALES DIRECTOR, GREATER CHINA 

& NORTH ASIA, GLOBAL JET CAPITAL 

Insight into aircraft financing and the benefits of 

using a specialized business jet finance company over 

traditional banks. 

MARKET SUMMARY - JETS 

A look at the market performance of featured pre-owned 

business jets over the last 12 months. 

MARKET SUMMARY - HELICOPTERS 

A look at the market performance of featured pre-owned 

helicopters over the last 12 months. 

PUBLISHER 

EDITORIAL 

Litalia Yoakum 

Iris Zhou 

DESIGN 

Michael Wong 

Aya Leung 

MARKET RESEARCH & DATA ANALYSIS 

Bowen Zhang 

Candice Yue 

Casper Zhuang 

Enoch Cheung 

Jersey Wu 

Michelle Shen 

Veronica Zhang 

The materials and information provided by Asian Sky 

Group Limited (“ASG”) in this report is for reference 

only. Any information we provide about how we may 

interpret the data and market, or how certain issues 

may be addressed is provided generally without 

considering your specific circumstances. Such 

information should not be regarded as a substitute 

for professional advice. Independent professional 

advice should be sought before taking action on any 

matters to which information provided in this report 

may be relevant. 

ASG shall not be liable for any losses, damage, costs 

or expenses howsoever caused, arising directly or 

indirectly from the use of or inability to use this report 

or use of or reliance upon any information or material 

provided in this report or otherwise in connection with 

any representation, statement or information on or 

contained in this report. 

ASG endeavors to ensure that the information 

contained in this report is accurate as at the date 

of publication, but does not guarantee or warrant 

its accuracy or completeness, or accept any liability 

of whatever nature for any losses, damage, costs 

or expenses howsoever caused, whether arising 

directly or indirectly from any error or omission in 

compiling such information. This report also uses 

third party information not compiled by ASG. ASG 

is not responsible for such information and makes 

no representation about the accuracy, completeness 

or any other aspect of information contained. The 

information, data, articles, or resources provided by 

any other parties do not in any way signify that ASG 

endorses the same. 

ADVERTISING/AIRCRAFT SALES ENQUIRIES: 

sales@asianskygroup.com 

Asian Sky Group 

Suite 3905, Far East Finance Centre, 

16 Harcourt Road, Admiralty, Hong Kong 

Tel: (852) 2235 9222 | Fax: (852) 2528 2766 

sales@asianskygroup.com 

www.asianskygroup.com 

www.asianskymedia.com 

2 | ASIAN SKY QUARTERLY — FIRST QUARTER 2018

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LEASING & LENDING SOLUTIONS FOR PRIVATE AIRCRAFT

2017Q4 ECONOMICS 

Australia 

Australia’s GDP growth slipped to 2.4 percent in Q4, falling from 

2.8 percent the previous quarter. The household sector, including 

consumption and income, were major drivers of the country’s GDP, while 

net exports — particularly in rural goods and tourism — contributed to 

the drag. 

Malaysia 

The Southeast Asian nation of Malaysia expanded at 5.9 percent 

in Q4, compared to 6.2 percent the previous quarter. Services, 

manufacturing and the agriculture sectors have been the greatest 

contributors on the production side, with all sectors posting growth 

except mining and quarrying. 

Mainland China 

China’s economy grew 6.9 percent in 2017, ending on a positive note. 

2017 topped the previous year when growth was 6.7 percent — the 

lowest in 26 years. An increase in consumer spending and a rebound 

in the property market added to the final quarter’s growth. Signals from 

2017 show the country’s growth is moving away from manufacturing 

and investment-led growth. 

Japan 

Japan’s economy ended 2017 on a weaker note because of negative 

contribution from net exports, a consequence of a surge in imports 

in Q4. Still, the country continued its streak of expansion for now the 

eighth consecutive quarter. Overall growth in the October-December 

quarter grew at 1.2 percent, revised up from a preliminary reading of 

1.0 percent growth. 

Hong Kong 

Growth in the final quarter of the year expanded 3.4 percent year-onyear 

(y/y), for a full-year growth of 3.8 percent up from 2.1 percent in 

2016. Growth in private consumption continued at a steady pace of 

6.3% on the back of a tight labor market and higher household incomes. 

Moving forward, Hong Kong’s growth will likely get a boost from this 

year’s expansionary state budget announced in February. 

Taiwan 

Strong domestic demand and solid export growth led Taiwan’s economy 

to expand at the fastest pace in nearly three years in the fourth quarter 

of 2017. GDP rose 3.3% annually in Q4, just above Q3’s 3.2% increase, 

attributed greatly to the island’s export-driven manufacturing. 

South Korea 

South Korea’s economy slowed in the fourth quarter of 2017, after 

reaching a nearly four-year high in Q3. Preliminary data showed a 

3.0 percent deceleration (y/y) in Q4, down from 3.8 percent in Q3. 

Overall, the economy expanded 3.1 percent in 2017, higher than 2.8 

percent in 2016. Fewer exports and weaker fixed investment slowed 

growth, while private and government consumption were positive. 

Thailand 

Thailand’s economy grew slower than expected in Q4, despite being 

its 15th consecutive quarter of growth. The economy expanded by 

4.0 percent (y/y) in the last quarter of 2017, driven by tourism and 

manufacturing. 

India 

India’s economy expanded 7.2 percent (y/y) in the last three months of 

2017. This was versus a revised growth of 6.5 percent in the previous 

quarter and the strongest growth rate since 2016 Q3, which is attributed 

to a rise in investments and an increase in public spending. 

Philippines 

The Philippine economy posted a 6.6 percent GDP growth in Q4, 

driving the economy to grow by 6.7 percent for the entire year of 2017. 

Manufacturing, trade, real estate, renting and business activities were 

the main drivers of growth in the fourth quarter. With the country’s 

projected population reaching 105.3 million in the fourth quarter of 

2017, per capita GDP and per capita GNI grew by 5.1 percent and 4.7 

percent, respectively. 

Indonesia 

Expanding 5.07 percent (y/y), Indonesia’s economy saw positive signs 

in 2017. This growth is the nation’s fastest full-year GDP growth figure 

since 2013. The 5.19 percent (y/y) growth for Q4 is also the best Q4 

GDP growth since 2013. Household consumption, which generally 

accounts for over half of the country’s economic growth, remained low 

with a 5 percent mark. 

Singapore 

Singapore’s economy expanded 3.6 percent in 2017, up from 2.4 

percent in 2016. The unemployment rate in the city-state declined, 

positively influencing household spending. The Q4 figure was below 

the previous quarter’s 5.5 percent growth. 

* China's researching area includes Mainland China, Hong Kong, Macau & Taiwan. 


ECONOMICS 

BUSINESS JET FLEET AND GDP BY COUNTRY 

Australia 

China 

Hong Kong 

India 

Indonesia 

Japan 

Malaysia 

New Zealand 

Papua New 

Guinea 

Philippines 

Singapore 

South Korea 

Taiwan 

Thailand 

GDP (BILLION USD)* 

BUSINESS JET FLEET 

CIVIL TURBINE HELICOPTER FLEET 

11,061 

340 

832 

9,491 

749 

647 

4,909 

5,019 

250 

608 

581 

2,426 

1,862 

1,564 

1,306 

913 

1,452 

1,234 

916 

170 

140 

114 

186 

140 

139 

382 

478 

558 

274 

291 

511 

420 

323 

300 

276 

272 

191 

15 

409 

332 

325 

314 

308 

190 

20 

55 

48 

43 

39 

32 

20 

16 

9 

3 

56 

54 

48 

46 

37 

24 

21 

16 

4 

272 

210 

170 

136 

135 

128 

95 

36 

14 

1 

227 

208 

162 

157 

111 

104 

21 

15 

6 

2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 

* 2014, 2015 & 2016 ASG data, historically adjusted using Jetnet fleet yearly increases. 

* GDP Source: Tradingeconomics.com 

Sponsored by 

YEAR END 2017 



Asia Pacific Business Jet and Civil Helicopter Fleet Report 

Comprehensive coverage and overview of the business jet and civil helicopter 

fleet in the Asia-Pacific region, visit www.asianskymedia.com for more! 

ASIA PACIFIC REGION 

ASIA CIVIL PACIFIC HELICOPTERS REGION 

CIVIL HELICOPTERS 

Sponsored by 

ASIA PACIFIC REGION CIVIL HELICOPTER FLEET REPORT – YEAR END 2016 I 


MOOD & INTENTIONS: 

ASIA-PACIFIC REGION SURVEY 2018Q1 

In the first quarter of 2018, over 470 respondents participated in ASG’s 

survey regarding the mood and intentions of the current business 

aviation market. 

Regions with the most respondents include: 

1. Southeast and Northeast Asia (165 (35%), including Malaysia, 

Indonesia, Singapore, Brunei, Philippines, Thailand, Myanmar, 

Vietnam, Japan, and South Korea) 

2. Central Asia (122 (25%), including India, Pakistan, UAE, etc.) 

3. Greater China (113 (24%), including Mainland China, Taiwan, 

Hong Kong and Macau) 

4. Oceania (52 (11%), including Australia and New Zealand) 

TOP 10 RESPONDENT’S LOCATION 

Pakistan (7%) 

United Arab Emirates (8%) 

Singapore (8%) 

Malaysia (9%) 

Australia (10%) 

16+13+12+11+10+9+8+8+7+6+G 

95 % 

OF TOTAL 

RESPONDENTS 

Philippines (6%) 

China (16%) 

Hong Kong (13%) 

India (12%) 

Indonesia (11%) 

Over 70% of the respondents for this quarter’s survey are from aircraft 

operators and aircraft services providers (FBO, MRO, etc.) then from aircraft brokers (12%), aircraft end users (5%) and finally respondents from 

other related areas. 

RESPONDENT LOCATION 

RESPONDENT AIRCRAFT TYPE 

RESPONDENT CATEGORY 

Southeast & Northeast 

Asia (32%) 

Rest of the 

World (4%) 

Oceania (11%) 

26+24+11+4+35+G 

470+ 


Central Asia (26%) 

Greater China (24%) 

Turboprop (24%) 

Civil Helicopter 

(22%) 

54+22+24+G 34+33+16+12+5+G 

Business Jet (54%) 

Aircraft Sales / Charter 

Broker (12%) 

Other Related 

(16%) 

Aircraft Owner / Charter 

User (5%) 

Aircraft Operators 

(34%) 

Service Providers 

(FBO,MRO,etc) (33%) 

WHAT IS OUR CURRENT ECONOMIC STATUS? 

(QUARTERLY COMPARISON) 

Optimistic 

(Will get better) 

Past Low Point 

25% 

22% 

At Low Point 

30% 

30% 

24% 

30% 

26% 

27% 

36% 

38% 

45% 

52% 

56% 

52% 

100% 

90% 

80% 

70% 

60% 

30% 

50% 

Pessimistic 

(Will get worse) 

45% 

Not Reached Low Point 

48% 

46% 

47% 

34% 

35% 

27% 

34% 

21% 

32% 

15% 

34% 

10% 

37% 

11% 

40% 

30% 

20% 

10% 

0% 

2015 

Q4 

2016 

Q1 

2016 

Q2 

2016 

Q3 

2016 

Q4 

2017 

Q1 

2017 

Q2 

2017 

Q3 

2017 

Q4 

2018 

Q1 


MOOD & INTENTIONS: ASIA-PACIFIC REGION SURVEY 2018Q1 

OPTIMISM LEVELS SINCE 2016Q1 - REGIONAL DIFFERENCES 

Greater China SE & NE Asia Central Asia Oceania 

Overall 

100% 

90% 

80% 

70% 

60% 

50% 

56% 

52% 

51% 

54% 

52% 

80% 

57% 

54% 

53% 

83% 

69% 

66% 

61% 

54% 

84% 

79% 

73% 

62% 

91% 

81% 

79% 

70% 

68% 

95% 

86% 

85% 

79% 

100% 

92% 94% 

91% 

92% 

90% 

89% 

87% 88% 

78% 

40% 

43% 

37% 

30% 

2016 

Q1 

2016 

Q2 

2016 

Q3 

2016 

Q4 

2017 

Q1 

2017 

Q2 

2017 

Q3 

2017 

Q4 

2018 

Q1 

Signs of pessimistic feelings for the economy have emerged for the first 

time since 2016 Q3. This quarter, 52% of respondents believed that the 

economy has passed its low point and will improve, which is 4% less 

than the previous quarter. The number of respondents who believe the 

current economy is at its low point and will get better is 37%, 3% higher 

than the previous quarter. Alternatively, 11% of respondents believed 

that the economy has not reached its low point and will continue to get 

worse, a 1% increase from 2017Q4. 

In general, respondents who believe that the current economic situation 

has passed its low point or is at its low point can be described as 

optimistic. This quarter, 89% of respondents are optimistic that our 

economy will improve in the future – a 1% decrease from 2017 Q4 and 

the first decline since 2016 Q3. 

Central Asia (made up of mainly respondents from India & Pakistan) 

showed the highest optimistic level of 94%, while the average for this 

quarter was 89%. However, compared to last quarter, this represented 

a 6% decline. Greater China was lower than average again this quarter 

but still attained a new high of 88%. The optimistic level for Southeast 

and Northeast Asia increased by 1% to 92% compared to last quarter. 

Oceania, however, endured a 14% decline from the previous quarter, 

making it the least optimistic region in The Asia Pacific. 

HOW IS YOUR AIRCRAFT UTILIZATION COMPARED TO 12 MONTHS AGO? 

100% 

90% 

80% 

Up by 20% and more (>20%) 

Up but less than 20% (0 - 20%) 

70% 

60% 

The same (0%) 

Increased 

50% 

40% 

30% 

20% 

Down but less than 20% (-20 - 0%) 

Unchanged 

10% 

0% 

2016 

Q1 

Down by 20% or more (


GREATER CHINA 

Improved Aircraft Utilization 

AIRCRAFT UTILIZATION: 

REGIONAL DIFFERENCES 

OPTIMISTIC 

39 27 34 37 32 32 47 19 34 34 28 38 29 24 47 18 31 51 22 23 55 21 19 60 182260 

PESSIMISTIC 

39% 

27% 

34% 

2016 

Q1 

OCEANIA 

37% 

32% 

32% 

2016 

Q2 

47% 

19% 

34% 

2016 

Q3 

34% 

28% 

38% 

2016 

Q4 

29% 

24% 

2017 

Q1 

2017 

Q2 

2017 

Q3 

2017 

Q4 

2018 

Q1 

PESSIMISTIC 

25 37 38 42 30 27 46 32 22 38 31 31 31 44 25 23 33 45 25 17 58 21 38 41 301852 

Decreased The Same Increased Signal Line* 

2016 2016 2016 2016 2017 2017 2017 2017 2018 

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 

47% 

18% 

31% 

51% 

22% 

23% 

55% 

21% 

19% 

50 23 37 27 33 26 22 27 17 

60% 

18% 

22% 

60% 

This quarter, 18% of respondents (-3% since last 

quarter, -15% since 2016 Q3) said their aircraft 

utilization had decreased, 63% of respondents 

said their aircraft utilization had increased, 

which is a 2% increase compared to last quarter 

and a 29% increase since 2015 Q4. 

* An Optimistic-Pessimistic Signal Line has 

been added to forecast aircraft usage trends 

for the Greater China, Oceania and South 

and East Asia regions. An optimistic mood is 

derived from more people indicating a ‘higher’ 

aircraft utilization than 12 months ago, and a 

pessimistic mood is derived from more people 

indicating ‘lower’ aircraft utilization than 12 

months ago. 

Greater China 

60% (same at 2017 Q4) of respondents 

indicated their aircraft utilization in 2018 Q1 

increased, with only 18% (21% at 2017 Q4) of 

the respondents stating their aircraft utilization 

was lower compared to 12 months ago. The 

total expected aircraft utilization continued to 

increase in 2018 Q1, thus the total utilization 

trend continue its upward slope into the 

optimistic zone. 

Oceania 

52% of respondents have indicated their aircraft 

utilization increased, 12% higher than 2017 

Q4. 30% of respondents believe their aircraft 

utilization decreased, 9% higher than 2017 Q4. 

Although the aircraft utilization in this region 

has continued to increase in 2018 Q1, the trend 

for improved aircraft utilization continues to 

decrease. 

Southeast and Northeast Asia 

In 2018 Q1, 61% of respondents recorded 

an increased use of their aircraft, which was 

the 4th consecutive quarter of the highest 

reading in the Asia Pacific region and 2% higher 

compared to 2017 Q4. Aircraft utilization in this 

area has been increasing since 2017 Q2. 

2016 

Q1 

32 18 36 41 28 35 36 37 48 19 18 56 13 65 14 59 2261 

50% 

32% 

18% 

23% 

36% 

41% 



OPTIMISTIC 

25% 

37% 

38% 

42% 

30% 

27% 

46% 

32% 

SOUTHEAST AND NORTHEAST ASIA 

22% 


OPTIMISTIC 

PESSIMISTIC 


37% 

28% 

35% 

38% 

31% 

31% 

27% 

36% 

37% 

31% 

33% 

44% 

48% 

25% 

19% 

23% 

33% 

26% 

18% 

45% 

56% 

25% 

27% 

26% 

13% 

58% 

65% 

21% 

27% 

38% 

41% 

14% 

59% 

30% 

18% 

17% 

22% 

52% 

61% 

2016 

Q2 

2016 

Q3 

2016 

Q4 

2017 

Q1 

2017 

Q2 

2017 

Q3 

2017 

Q4 

2018 

Q1 



SATISFACTION KEY FACTORS: 

CHARTER OPERATOR VS. CHARTER BROKER 

(OUTER IS BETTER) 

Operational 

Safety 

Charter 

Operator 

Customer Service 

Charter 

Broker 

Most Satisfied 

Operational 

Efficiency 

DO YOU OR YOUR CLIENT OWN OR CHARTER 

A PRIVATE AIRCRAFT? 

Just Own (37%) 

46+37+17+G 

Just Charter (17%) Both Own and Charter (46%) 

120+ 

OF TOTAL 


WHEN CHARTERING AN AIRCRAFT, WHAT IS 

YOUR PRIMARY SOURCE? 

Quality of 

Maintenance 

Quality of 

On-board Service 

Value for 

Money (Price) 

14+86+G 

Contact Operator (86%) Contact Broker (14%) 

In this quarter’s market survey, ASG had over 120 responses from the 

Asia-Pacific region regarding the satisfaction factors of charter operators 

versus charter brokers. 

When asked “Do you or your client own or charter a private aircraft?”, 17% 

(same in 2017 Q4) of respondents only charter an aircraft, while 37% (34% 

in Q1) just own a private aircraft. The remaining 46% would both own and 

charter an aircraft, implying that to charter an aircraft. 

When asked their primary source for a charter aircraft, 86% of respondents 

would contact a charter operator first. 

WHERE ARE WE IN THE CURRENT 

PRE-OWNED MARKET? 

PURCHASE INTENTION 2016Q1 - 2018Q1* 

2017Q3 

2017Q4 

2018Q1 

Yes, a new aircraft 

Yes, a pre-owned aircraft 

No / I’m not sure 

49% 

58% 

56% 54% 

59% 

39% 40% 

23% 

36% 

29% 

26% 

21% 21% 

2% 

4% 

10% 

22% 

20% 

48% 

43% 

30% 29% 

28% 

22% 

25% 

19% 

23% 19% 

22% 

41% 

32% 

27% 

41% 

38% 

33% 

31% 

29% 28% 

Buyer’s Market in 

general - High supply, 

low demand 

Balanced Market in 

general - Demand 

and Supply are on 

the same level 

Seller’s Market in general 

- High demand, 

low supply 

I’m not sure 2016 2016 2016 2016 2017 

Q1 Q2 Q3 Q4 Q1 

2017 

Q2 

2017 

Q3 

2017 

Q4 

2018 

Q1 



PURCHASE INTENTION - REGIONAL DIFFERENCES (FIXED WING) 

Corporate Airliner Large Jet Medium Jet Small Jet Turboprop / Piston Fixed Wing 

Central Asia 26% 12% 16% 18% 

13% 

SE & NE Asia 23% 32% 22% 

7% 

4% 

Oceania 7% 10% 10% 10% 40% 

Greater China 17% 15% 13% 8% 

18% 

PURCHASE INTENTION 

Regarding the current pre-owned market, 40% (39% last quarter) of the 

respondents believed that the current market is still in a ‘Buyer’s Market’ 

with low demand and high supply, 29% (36% last quarter) believed that 

we are now in a balanced market with equal demand and supply and the 

remaining 21% (same last quarter) believed that we have now moved 

into a ‘Seller’s Market’ with higher demand and low supply in the market. 

Turboprop/Piston 

Fixed Wing 

(Such as King Air Series) 

PURCHASE INTENTION - FIXED WING 

(OUTER IS PREFERRED) 

Corporate Airliner 

(Such as ACJ, BBJ) 

Most Preferred 

Large Jet 

(Such as G650, 

Falcon 8X) 

In general, “high supply” is regarded as “more than 10% of an aircraft 

fleet for sale, where “low supply” is therefore regarded as less than 10% 

of the fleet for sale. 

Regarding the Purchase intentions in 2018Q1, demand for new aircraft 

continues to be higher than demand for pre-owned aircraft but more 

respondents are also unsure of their needs. 

Small Jet 

(Such as Citation Series, Hawker Series) 

Midsize Jet 

(Such as G200 & CL650) 

Regional differences regarding purchase intent for fixed-wing aircraft 

also exist. Turboprops are preferred in Oceania, corporate airliners in 

Central Asia, and large jets in Southeast and Northeast Asia. Greater 

China sees purchase demand fairly well spread across all aircraft 

categories but weighted towards the two top end categories of 

corporate airliners and large jets. 

PURCHASE DECISIONS - INFLUENCING FACTORS 

(OUTER IS LIMITING)* 

Greater China Oceania Central Asia SE & NE Asia 

Government / Public Opinion 

PURCHASE INTENTION - HELICOPTER 

(OUTER IS PREFERRED) 

Twin Turbine 

(Such as Sikorsky S-76C+) 

Most Limiting 

Most Preferred 

No Need 

No Interesting Aircraft 

Piston Helicopter 

(Such as Robinson R22) 

Single Turbine Helicopter 

(Such as Bell 206) 

Price 



EXPANDING ASG 

INTERVIEW WITH ALAN HUNG, 

ASIAN SKY GROUP DIRECTOR, BUSINESS DEVELOPMENT 

Interview by Litalia Yoakum 

In 2018, Asian Sky Group expanded its team with the addition of Alan Hung, taking on the role 

of Director, Business Development. With over 10 years of experience in the industry, Alan will 

leverage his extensive experience, wide network and ambitious attitude in supporting ASG’s work 

in aircraft sales and acquisitions and consulting. 

Tell me about your aviation experience prior 

to joining Asian Sky Group (ASG)? 

My aviation journey began in 2001, when I went to Australia to study 

Aviation Management at the University of New South Wales Sydney. 

At that time, there was no formal Aviation Management course in 

Hong Kong. I knew there would be a lot of future opportunities within 

the aviation industry, particularly in China and throughout the Asia- 

Pacific region. However, in 2004, after I obtained my Bachelor of 

Aviation, there was a SARS epidemic in Hong Kong and a downturn 

in the global aviation industry. Considering both, it was a tough time 

to look for opportunities. 

In 2005, I started my first aviation job in Hong Kong, as an Aircraft 

Dispatch and Station Control Officer where I learned flight planning 

and other technical skills in commercial aviation. After about a year, 

the business aviation industry in Hong Kong began to develop. An 

opportunity came along to move into the Operations Department as a 

Flight Dispatcher. During my five years in Flight Operations, I worked 

on and dispatched aircraft for most of the major OEMs, including 

Boeing Business Jets, Gulfstream and Bombardier. 

I then decided to further develop my career and pursue a sales role, 

taking on the role of Sales and Key Account Manager and, later, moved 

to Aircraft Management Sales Manager. In 2015, I saw more demand 

for maintenance services. As our customer’s aircraft started to go out 

of warranty, I began to promote an independent maintenance program 

and to help customers better understand resale value. 

I now see great opportunities in helping customers buy and sell 

their aircraft. In early 2018, I joined ASG and now have the chance to 

assist clients with their business aviation needs, including aircraft 

sales and acquisitions. 

How has the industry evolved since you 

started out? 

The business jet fleet in Hong Kong has grown to over 130, while 

Mainland China’s has grown to approximately 345 business jets. With 

the growth of the fleet and more business jet movements in the region, 

several different industry segments have changed. 

10 years ago, there was no landing slot and parking limitation in 

the Hong Kong International Airport. Now, with the increase in 

movements, operators have difficulties obtaining slots and are faced 

with restrictions on landing and parking. This is due to the lack of 

slots, amid rising passenger traffic, but also the priority of commercial 

aviation over business aviation. On the maintenance side, things 

are much better than where they were 10 years ago. OEMs and 

maintenance providers are now looking at the Asia-Pacific region as a 

place to set-up their facilities. Bombardier opened their Tianjin facility 

in early 2017 and several other providers have targeted the region as 

the place to be. 

The industry has also seen many aircraft management companies 

pop up. Clients now have multiple choices, along with competitive 

pricing. What was considered an added value services before, such 

as maintenance services, charter brokerage services and aircraft 

brokerage, is now the standard, which reflects the clients changing 

and more mature attitude toward the market. 

In terms of aircraft sales, the pre-owned market has become more 

active. Typically, pre-owned aircraft don’t come with a warranty, which 

is now okay for buyers because maintenance providers are moving 

into the region making maintaining out of warranty aircraft more 

feasible and economical. 


INDUSTRY INSIDER 

You will be taking on the role of Director, 

Business Development. What area are you 

covering and what services are you offering 

to clients? 

As the new Director, Business Development, I will be offering a 

wide-range of services: assistance in aircraft transactions, aviation 

consulting and media and marketing solutions. I’m covering the Asia- 

Pacific region and strongly focusing on the Greater China market. 

What are some of the latest business jet 

trends you’ve seen Greater China? 

In the last 10 years, the market has quickly evolved. We are now 

seeing successful sales in the super-midsize and large cabin 

categories. When I started out, most customers were buying brand 

new aircraft, without financing. Owners are now more open to 

considering pre-owned business jets and they’re willing to finance 

through various means. 

Additionally, the industry — in Mainland China — is now supported by 

the Chinese Government’s aim to have over 500 general airports in 

the country in the next few years. With this, the demand for business 

aviation will be higher and the industry will see even more pre-owned 

activity and more financing options. 

Today, there is a lot of competition. The market will see the introduction 

of Gulfsteam’s G500 and G600 and has just witnessed the unveiling of 

the Falcon 6X. Offering long range and large cabin space, these aircraft 

will be very welcome in the Greater China region. 

How can ASG help potential clients looking to 

buy/sell an aircraft in this region? 

Collectively, the ASG team has a wide-range of professional experience 

in all facets of the industry. Our team is very international and can help 

clients in multiple languages, in any location, with any requirement. 

We also have great support from our shareholder companies Seacor, 

and Avion Pacific along with ASG’s strategic partner Avpro, whose own 

network and resources we often utilize. 

The market will see the 

introduction of Gulfsteam’s 

G500 and G600 and has just 

witnessed the unveiling of the 

Falcon 6X. Offering long ranges 

and large cabin space, these 

aircraft will be very welcome 

into Greater China. 

Asian Sky Media, ASG’s new media division focusing on publications 

and marketing services, has been resourceful for ASG’s aircraft 

sales and acquisition requirements too. Through its marketing 

services. we’re able to reach an extensive and precise database. 

ASG’s market intelligence, which is visible through the portfolio of 

Asian Sky Media’s reports, is another key factor in helping clients 

achieve their needs. When a request for an aircraft comes in, ASG’s 

team of analysts are soon hard at work, helping the client to fully 

understand the status of the market and the position of their aircraft 

in the market. 

What are you hoping to achieve in your new 

role with ASG? 

With the support of the ASG team, I hope we can bring the company’s 

service standards to the next level. ASG is already such a recognized 

company in the Asia-Pacific region, I hope to attain even more 

recognition and now on a global scale. 

On a personal level, I hope to successfully complete my first aircraft 

sales transaction in 2018. This is something I feel confident in, 

particularly after seeing the resources at hand within ASG. It’d also be 

great to assist companies looking to expand their presence into the 

region through our portfolio of media and marketing services. 

www.asianskygroup.com 


INDOCHINA 

(VIETNAM, CAMBODIA, LAOS, MYANMAR) 

BUSINESS AVIATION PROFILE 

by Litalia Yoakum 

The Southeast Asian nations of Vietnam, Cambodia, Laos and 

Myanmar make up part of what is often referred to as Indochina, 

or the Indochina Peninsula. Each of these countries reflect cultural 

influences from their bordering neighbours of India and Mainland China, 

through language and cuisine, in addition to reflecting more Western 

influences stemming from European colonialism. While Mainland China is 

most often noted in the Asia-Pacific business aviation industry for its growth 

and potential, Indochina should be seen as a market of the future. 


COUNTRY PROFILE: INDOCHINA 

CAMBODIA 

Located in the southern portion of the Indochina Peninsula, Cambodia 

has experienced rapid economic growth in the last decade, stimulated 

by tourism, construction, textiles and agriculture. While the country still 

faces several challenges to reach the economic status of its neighbors 

(Thailand and Vietnam), Cambodia’s aviation industry is being driven 

by rising tourism activities. 

Cambodia’s Ministry of Tourism reported in 2016 that the sector 

generated US$3.4B of economic activity, supported by over five 

million international visitors. Tourism levels are expected to increase 

in coming years. The primary entry points into Cambodia are the 

country’s main international airports: Phnom Penh International, Siem 

Reap International and Sihanoukville International. 

Currently these airports are only dedicated to commercial aviation. 

Still, Cambodia is base to two business jets, both of which are operated 

by Tag Aviation and both of which are Gulfstreams, a G200 and a 

G450. Cambodia was home to a G550 in 2016, which later changed 

its based to the US. 

Like surrounding countries, the civil turbine helicopter fleet is much 

larger in Cambodia than its business jet fleet. At yearend 2017, there 

were nine helicopters in the country most of which were used in multimission 

roles. The single-engine is the most popular model, which is 

often utilized for charter and tourism purposes. 

LAOS 

As the only landlocked country of Southeast Asia, Laos is often 

overshadowed by its neighbors but still attracts a considerable number 

of tourists every year who are intrigued by its undeveloped landscape. 

While Laos is likely the least mature business aviation market in the 

Southeast Asia region with no business jets based in the country, there 

are still several outside operators that offer chartered flights in and 

Helicopter Fleet Age Distribution - Indochina* 

out. Facilities used are those shared with and more often utilized for 

commercial aviation. 

The lack of infrastructure in all sectors, including aviation and 

tourism, is at the root of the country’s underdevelopment. The Laos 

Government is now encouraging and attempting to attract FDIs, in 

hopes of further development. 

Similar to the rest of the region, Laos’ civil turbine helicopter fleet is 

more active with 10 helicopters. These are made up of mostly singleengine 

helicopters, used for charter and search and rescue. 

MYANMAR 

Formerly known as Burma, Myanmar is a country rich in natural 

resources. While it remains one of the poorest countries in Asia, 

Myanmar has initiated a series of economic reforms to attract foreign 

investment, which has the potential to trigger a demand for business 

aviation and supporting infrastructure. 

The country’s business jet fleet stands at zero. Myanmar was previously 

base to a Bombardier Challenger 800, operated by China-based aircraft 

management company Astro Air. The 800 has since relocated to China. 

Although there are currently no business jets based in the country, 

there has been an increased interest in travel to the country. 

Consequently, several companies offer charter services. Supporting 

charter in and out of Myanmar is Thailand-based MJets, which has an 

FBO located in Yangon — the country’s capital city. MJets Myanmar 

Business Aviation Centre (MMBAC) offers ground handling services 

and a private jet terminal, complete with onsite customs, immigration 

and quarantine services. 

Myanmar is much more active in the civil helicopter market. At yearend 

2017, Myanmar’s civil turbine helicopter fleet stood at 17, an increase 

of 21.4% from 2016. While the majority are used to support offshore oil 

and gas operations, a growing number are used in the multi-mission 

segment and for charter use. 

Helicopter Fleet Mission Breakdown by Country 

9 

8 

7 

6 

40 

35 

30 

25 

34 

5 

4 

20 

15 

17 

3 

10 9 

10 

2 

5 

1 

0 

0 

Cambodia 

Laos Myanmar Vietnam 

1979 

1982 

1987 

1989 

1990 

1991 

1992 

1993 

1994 

2000 

2001 

2002 

2003 

2004 

2005 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

*Researched area of Indochina includes: Vietnam, Laos, Cambodia & Myanmar 

Training 

Private 

Multi-Mission 

Corporate 

Offshore 

Charter 


VIETNAM 

Occupying the eastern portion of the Indochina Peninsula, Vietnam is 

the largest — in terms of population — of the four countries. With over 

96M inhabitants, the country also boasts the strongest economy, with 

much of its growth attributed to agriculture and manufacturing, while 

foreign direct investments (FDI) are picking up from multinational 

companies, as well as small to medium-sized enterprises. 

Helicopter Fleet Breakdown by OEM, 

Model and Country 

Cambodia 

Laos 

Myanmar 

Vietnam 

According to the Wealth Report 2017 — released by global property 

consultancy Knight Frank LLP — the number of ultra-high net worth 

individuals (UHNWIs), defined as those with wealth of at least 

US$30M, in Vietnam has increased by 320 percent since 2006; the 

fastest growth in the world. This is expected to increase even more 

by 2026, when the number of UHNWIs is forecast to be 540; a 170 

percent increase from that of today. 

The growing number of enterprises in the country, paired with its rising 

wealthy class, are now triggering an increase in travel. Statistics from 

the Civil Aviation Administration of Vietnam show air passenger traffic 

has risen immensely from 2015 to 2016. In 2016, passenger traffic 

reached more than 52 million, up 29% from 2015. Forecasts expect 

both international and domestic travel to grow. 

“While the number of airliner aircraft [and traffic] in a country doesn’t 

equate directly to the opportunities for business jet acquisitions 

[and activity], it does demonstrate an increased willingness of the 

population to travel and an increased level of disposable income 

for them to be able to do so,” says DHT Aviation, a Vietnam-based 

ground handler. 

“There are zero business jets owned or operated in the Vietnam 

currently,” explains DHT Aviation. “The country, however, operates 

business turboprops, with the current fleet including two Beechcraft 

King Airs. 

Airbus 

Guimbal 

Leonardo 

Russian 

Helicopters 

Sikorsky 

AS332L2 4 

AS355 1 

AS365 2 

H120 3 

H125 3 6 2 6 

H130 2 1 

H135 1 

H155 2 2 

H225 1 

Cabri G2 

AW139 3 

AW189 

Mi-17 

Mi-171 

Mi-8 1 1 

S-76C 1 

S-76C++ 5 

Total 7 10 16 32 


COUNTRY PROFILE: INDOCHINA 

The country’s business aviation industry also faces the challenge of 

competing with commercial aviation, when it comes to infrastructure. 

DHT Aviation explains that parking slots and ground handling providers 

also work with commercial aircraft, with most resources going to 

those rather than business and/or general aviation. 

Additionally, there are no FBOs in Vietnam so if top government officials, 

or others require security and privacy, they need to utilise a VIP lounge 

in the terminal which would then be unavailable for other passengers. 

Operating a general aviation aircraft in Vietnam is equally as difficult. 

DHT Aviation cites licensing fees, ownership registration and 

approvals from the Ministry of National Defense, as challenges. As 

far as maintenance, operators and owners must seek maintenance 

providers in Hong Kong or Singapore for quality maintenance work. 

While Vietnam’s business jet fleet sits at zero, it’s civil turbine helicopter 

fleet is relatively active. With 31 civil helicopters as of yearend 2017, 

most active in Vietnam is for offshore oil and gas operations. The most 

popular size category in the country is the heavy-size, often used in 

the offshore segment. However, the country’s most popular model in 

2017 was Russian Helicopters’ medium-sized twin-turbine — the Mi-8. 

In both the helicopter and business jet segments, there is a lot of room 

to grow. The question stands as to how quickly this can happen. 

“We expect a slow growth from business aviation in Vietnam, as 

most Vietnam HNWIs do not eye foreign markets, but only domestic 

markets” says DHT Aviation. “This will prevent them from purchasing 

their own business jet, due to a limited travel demand.” 

DHT Aviation further explained the perception of a business jet within 

the country is still skewed, with many preferring not to attract public 

attention which a purchase would bring. 

Even with the market needing more information on the benefits of 

business aviation, the industry is still doing what it can to support 

future growth. DHT Aviation for instance is proposing a plan for 

a business jet-dedicated terminal and it foresees an increased in 

business jet charter to and from surrounding countries. 

GDP - Cambodia, Laos & Myanmar 

Foreign Direct Investment 

Cambodia 

Laos 

Myanmar 

Cambodia 

Laos 

Myanmar 

120 

4.5 

GDP (Billions, Current USD) 

100 

80 

60 

40 

20 

0 

GDP 

250 14 

200 

150 

100 

50 

12 

10 

8 

6 

4 

2 

0 

2000 

2001 

2002 

2003 

2004 

2005 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

FDI (Billions, USD) 

4.0 

3.5 

3.0 

2.5 

2.0 

1.5 

1.0 

0.5 

0 

2000 

2001 

2002 

2003 

2004 

2005 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

2000 

2001 

2002 

2003 

2004 

2005 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

Vietnam’s GDP & Foreign Direct Investment 

FDI 

GDP (Billions, Current USD) 

FDI (Billions, USD) 

Data Source: Asian Sky Group & the World Bank Group 




Dassault Falcon is the recognized global brand for Dassault business 

jets which are designed, manufactured and supported by Dassault 

Aviation and Dassault Falcon Jet Corp. Adding to its family of jets, the 

French manufacturer announced the addition of the Falcon 6X — the 

most spacious, advanced and versatile twinjet in business aviation — 

at the end of February 2018. The new 5,500NM jet will make its first 

flight in early 2021 and begin deliveries in 2022. 

The latest model replaces the Falcon 5X, a cancelled project due to 

delays in its Silvercrest engines. Powering the Falcon 6X is Pratt & 

Whitney Canada’s PurePower ® PW812D engines, capable of producing 

13,000-14,000 lbs of thrust. Equipped with a low maintenance 

single piece fan and emission reducing Talon combustor, the 

PurePower PW800 engines offer the highest efficiency, reliability and 

maintainability in the 10,000-20,000 lb class. Setting a new “green” 

engine standard for emissions, the engine’s low-noise design and 

low-vibration levels contribute to reducing cabin noise for a more 

comfortable passenger experience. 

With a maximum capability of flying directly from Beijing to San 

Francisco or Moscow to Singapore, the 6X has a top speed of Mach 

0.90 and a maximum range of 5,500NM. At its long-range cruise 

speed of Mach 0.85, the 6X can also connect Paris to Beijing or Los 

Angeles to London. 

SPECS 

AT A GLANCE 

HIGHLIGHTS 

Range 

Seating 

Cabin Volume (excluding cockpit and baggage) 

Engine Thrust 

MMO 

Maximum Takeoff Weight 

Maximum Zero Fuel Weight 

5,500 N.M 

12 - 16 

1,843 cu.ft 

0.90 Mach 

51,000 ft 

77,460 lb 

45,920 lb 

• The tallest and widest cabin in any purpose-built business jet 

• 3,900 feet cabin altitude cruising at 41,000 feet 

• Natural light with 31 larger windows 

• Easy control of cabin management and entertainment functions 

• Advanced EASy III avionics flight deck 

• Pratt & Whitney PW812D engine - best-in-class availability 

• PurePower Service Plan 

THE ULTIMATE CABIN EXPERIENCE. EXPANDED. 

The Falcon 6X cabin is simply the tallest and widest in any purpose 

built business jet. It gives you more personal space to sit or stand. More 

room for areas of privacy and relaxation as well as common areas where 

teams can meet and confer. The 6X cabin is the ultimate in flexible living 

and working space, providing a level of comfort that will help you go far 

and accomplish more. 



DIMENSIONS 

25.94 M / 85.1 ft 

WINGSPAN 

CROSS SECTION 

7.47 M / 24.6 ft 

HEIGHT 

THE BENEFITS OF NATURAL LIGHT 

25.68 M /84.3 ft 

LENGTH 

2.58 M / 8 ft 5 in 

1.98 M / 6 ft 6 in 

• Configurable seating designs 

2.18 M / 7 ft 2 in 

Natural light improves the view, elevates your mood and enlarges your perspective. 

The 31 new and larger windows on the Falcon 6X provide unbeatable luminosity. 

And their tight spacing provides panoramic views. 

The Falcon 6X also has the first ever Skylight in an aircraft, providing valuable light 

to the entrance and galley areas. 

RANGE MAP - FROM HONG KONG 

Moscow 

New York 

Dubai 

From Hong Kong 

Lagos 

Sao Paulo 

Sydney 

6X unreached range from Hong Kong 

• performance may be affected by real aircraft configuration (outfitting options, operating items) and by ATC routing and weather conditions, 8 passengers, Mach .80, 

85% Wind reliability, NBAA IFR Reserves 


The Falcon 6X can now land with much more fuel than most competing 

aircraft, allowing operators to make short stops at interim airports 

without having to refuel. Additionally, the twinjet is certified for steep 

approaches attributed to its new generation and ultra-efficient wings, 

which optimize landing on short runways with difficult approaches. 

Dassault Aviation’s own in-house Design Studio. Significantly more 

natural light floods into the cabin thanks to 30 extra-large windows 

including a unique galley skylight – the first in business aviation – 

designed to provide additional brightness in an area usually devoid 

of natural light. 

With one of the largest cabins of its class, passengers can travel on 

the 6X in comfort and style. The aircraft’s cabin is six feet, six inches 

(1.98 m) high and 8 feet 6 inches (2.58 m) wide — the highest and 

widest cross section in a purpose-built business jet – and is nearly 40 

feet 8 inches (12.3 m) long. It can accommodate up to 16 passengers 

in three distinct lounge areas, with room for multiple configurations 

including a large entry way/crew rest area and a spacious rear lounge. 

Every element of the cabin’s design has been meticulously rethought, 

the result of an extensive survey of customer tastes and inputs from 

While the most attractive highlights of the 6X include its range and 

cabin size, 6X owners and operators can also enjoy the extensive global 

support network backed by Dassault Aviation. Reduced maintenance 

costs, thanks to Dassault’s FalconCare program, not only allows for 

budget predictability but provides extended maintenance intervals. 

With service centers on six continents, including authorized service 

facilities in Beijing, Shanghai, Hong Kong and Singapore, there is now 

more support than ever before. 

www.dassaultfalcon.com 


SAVE THE DATE FOR ASIA’S MOST 

IMPORTANT BUSINESS AVIATION EVENT 

Join thousands of top business aviation leaders, entrepreneurs, 

and other aircraft-purchase decision makers for the Asian 

Business Aviation Conference & Exhibition (ABACE2019) 

in Shanghai. Save the date and visit the ABACE website 

to learn more. 

LEARN MORE | www.abace.aero/2019 


SINGAPORE AIRSHOW 

ASIA’S LARGEST AEROSPACE AND 

DEFENCE SHOW 

The Singapore Airshow, deemed Asia’s largest aerospace and defence exhibitions, was 

held in early February at Singapore’s Changi Exhibition Centre. 

Connecting the global aviation industry, 1,062 companies from 50 

countries participated in this year’s event, featuring representatives 

from Airbus, Bell Helicopter, Boeing, Bombardier, Embraer, Israel 

Aerospace Industries (IAI), Pratt & Whitney, Rolls-Royce, ST 

Engineering, Thales and UTC Aerospace Systems. 

“The biennial Singapore Airshow plays a vital role in supporting the 

aviation ecosystem in Singapore and Asia Pacific upon which so many 

skilled jobs depend on,” said ICF International Principal, Richard Brown. 

“It’s the place for current and potential customers and suppliers to 

meet, network, do business and evaluate new opportunities together. 

It’s also a great showcase for new technologies and important to 

encourage the next generation of aviation talent to seek employment 

in aviation. By focusing on next generation technologies, encouraging 

start-ups to exhibit for the first time and promoting the capabilities 

and offerings around Southeast Asia and beyond, the show provides a 

time-efficient way to develop new business.” 

2018 saw an increase in trade visitors, as well as 287 VIP delegations, 

with over 70 percent of exhibitors committing to a return in 2020. 

Making its unwavering commitment to the Asia-Pacific’s aviation 

industry, more than 100 companies were featured at the US pavilion, 

making it the largest US presence ever at the Singapore Airshow. 

The show concluded its trade segment (Feb 6-9) on an optimistic 

note, with strong commendations of the wide-range of opportunities 

to connect stakeholders, disruptive technologies to drive change and 

unique interaction platforms to shape the future. 

Strategic partnerships established at the Airshow saw discussions 

and showcases around digital data revolution to drive intelligence 

across the entire value-chain of the aviation industry. Examples 

include Airbus’ Skywise Predictive Maintenance Services enabling 

open aviation data platforms for full aircraft data and advanced 

predictive analytics and Rolls-Royce’s IntelligenceEngine, an allencompassing 

digital strategy which represents a paradigm shift in 

the way it designs, produces and supports propulsion systems. 

Bringing together ground-breaking aerospace and defence 

technologies, the What’s Next? showcase saw an in-depth exchange 

between start-ups pitching new technologies and innovations to 

potential investors. 


INDUSTRY EVENT 

With the rise of disruptive and innovative technologies, visitor 

experience was greatly enhanced at this year’s show. The use of 

innovative technologies allowed exhibitors to provide an immersive 

experience for visitors of all ages to engage and interact with the 

exhibits through 3-D simulations, virtual reality and augmented reality, 

in addition to the existing physical mock-ups. 

Visitors to the Airshow were treated to the exhilarating aerobatics 

of the flying display performances including those of the Republic 

of Singapore Air Force (RSAF)’s integrated aerial display team, 

comprising of an F-15SG, along with two F-16Cs fighter jets. Other 

displays included the Indonesia Air Force (TNI-AU) Jupiter Aerobatic 

Team’s KT-1B, the U.S. Air Force (USAF)’s F-16 and B-52 Stratofortress, 

the Sukhoi Su-30MKM from the Royal Malaysian Air Force (RMAF), 

and Royal Thai Air Force (RTAF)’s JAS-39 C/D Gripen, which made 

their first appearances in Singapore. 

Over at the Static Aircraft Display Area, visitors were given 

opportunities to get up-close and personal with the wide range of 

commercial and military aircraft. 

Over at the Static Aircraft 

Display Area, visitors were given 

opportunities to get up-close and 

personal with the wide range of 

commercial and military aircraft. 

The F-35B Lightning II — the world’s first supersonic short takeoff/ 

vertical landing (STOVL) stealth aircraft, made an appearance at an 

Airshow in Asia for the first time. There were also a range of business 

and commercial aircraft which appeared for the first time at an 

Airshow in Asia. Among them were the Gulfstream G500 and G600 

aircraft, Textron Aviation’s Cessna Citation Longitude, and Embraer’s 

fourth prototype of a next-generation narrow-body jet – the E-190 

E2 prototype. Nicknamed the “profit hunter”, the prototype features a 

tiger’s face painted on its nose in a nod to Embraer’s respect for Asia. 

Additionally, the HondaJet, the fastest, highest-flying, quietest, and most 

fuel-efficient jet in its class, made its debut at the Singapore Airshow. 

“We are heartened to see the overwhelming support and interest in 

the sixth edition of the Singapore Airshow, as it draws in exhibitors 

and visitors alike from all around the world. This goes to show that 

Singapore is an aviation hub not only to the industry, but also aviation 

fans around the globe,” said Mr Leck Chet Lam, Managing Director of 

Experia Events, organisers of Singapore Airshow. 

Singapore Airshow 2020 will be held from 11 to 16 February at Changi 

Exhibition Centre. 

www.singaporeairshow.com 



PRE-OWNED BUSINESS JETS FOR SALE 

INVENTORY VALUE (USD) 1 

$7,910M 

WORLDWIDE 

$6,101M 

DEC 2017 

$5,760M 

$1,281M 

ASIA PACIFIC 

$1,164M 

DEC 2017 

$1,041M 

Mar 

2016 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2017 

Feb 

Mar 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2018 

Feb 

Mar 

The Inventory Value Line represents the number of aircraft actively being marketed for sale in USD terms. 2 

The Trend Line represents the market’s direction in terms of the balance between sellers and buyers (supply and 

demand) at today’s price levels. A rising Trend Line indicates that pre-owned activity is stabilizing, with sellers of 

aircraft increasingly likely to find buyers. 

The Signal Line represents an indication of where the market’s direction may be heading in the future. A Signal 

Line consistently falling below the Trend Line indicates that any improvement in the market’s direction may not be 

entirely sustainable. 

MARKET TREND 1 

WORLDWIDE 

TREND REVERSAL 

MOVING TOWARDS SELLER’S MARKET 

MOVING TOWARDS BUYER’S MARKET 

TREND 

IMPROVEMENT 



AIRCRAFT SOLD 1 

WORLDWIDE 

24 

26 

20 

35 

32 

23 

30 

28 

32 

21 

25 

25 25 

22 

36 

30 

24 

37 

28 

34 

30 

32 

23 

21 

11 

Mar 

2016 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2017 

Feb 

Mar 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2018 

Feb 

Mar 

1 The historical inventory value and transactions are subject to change based on latest market information updates. 

2 ASG’s Inventory Value line is calculated by taking the total number of aircraft for sale from a selection of 26 different models, multiplied by their average asking prices. 

24 | ASIAN SKY QUARTERLY — FIRST QUARTER 2018 

Source: JETNET & ASG


AVERAGE ASKING PRICE 

MILLION USD 

25 

24 

23 

ASIA PACIFIC 

22 

21 

20 

WORLDWIDE 

19 

18 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 

% OF FLEET FOR SALE 

14% 

13% 

12% 

11% 

ASIA PACIFIC 

10% 

9% 

WORLDWIDE 

8% 

7% 

6% 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 

AVERAGE DAYS ON MARKET 

520 

470 

420 

ASIA PACIFIC 

370 

320 

270 

WORLDWIDE 

220 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 

Source: JETNET & ASG 



SUPPLY / DEMAND INDICATORS 

BUSINESS JETS 

2018 Q1 

SUPPLY VS. DEMAND RATIO 


SUPPLY > 

DEMAND 

% OF FLEET 

FOR SALE 

MODEL 

DAYS ON MARKET 

25.0% 

9.9% 

AIRBUS 

ACJ318 

ACJ319 

NO TRANSACTIONS 

13.4% 

17.4% 

BOEING 

BBJ 

BBJ2 

AVERAGE 

8.8% 

5.2% 

14.5% 

6.4% 

BOMBARDIER 

CL604 

CL605 

CL850 

GL5000 

5.8% 

GL6000 

7.5% 

7.3% 

24.1% 

EMBRAER 

L600 

L650 

L1000 



2.3% 

2.9% 

13.2% 

F2000LX 

F2000LXS 

F2000S 

AVERAGE 

8.0% 

4.2% 

9.3% 

8.3% 

6.5% 

13.0% 

1.9% 

5.9% 

3.5% 

3.5% 

DASSAULT 

GULFSTREAM 

F7X 

F900DX 

F900EX 

F900EXe 

F900LX 

G200 

G280 

G450 

G550 

G650 


5.8% 

G650ER 

400% 300% 200% 100% 

0 

Average AC for sale / Total sold in last 12 months 

7.1% 

Average 

0 200 400 600 800 1000 

The above chart reflects where certain aircraft models are positioned 

in terms of supply and demand (based on a ratio of completed 

transactions compared to the number of sellers and the average 

number of days on the market for a transaction to take place). 

These indications do not necessarily mean that prices will be higher in 

the future, but it does indicate that sellers of these particular models 

are more likely to find willing buyers in a shorter period of time than the 

overall average. 

For some model types, given the market indicators shown on the 

previous page, the stabilization in pre-owned asking prices and 

decline in inventory level appear to have stimulated increased 

demand, leading to an increase in transactions and a more balanced 

state of supply and demand. 

This can be seen most with certain Gulfstream (G200, G450, G550, 

G650) and Bombardier models (Challenger 604/605 & Global 6000) 

where more transactions are occurring relative to the number for 

sale, and transactions are requiring less time on the market for 

sellers to complete. 




MARKET POSITIONING 

BUSINESS JETS 

MOVING TOWARDS 

BUYER’S MARKET 

Balanced 

Supply & Demand 


SELLER’S MARKET 

AIRBUS 

BOEING 

ACJ318 

ACJ319 

BBJ 1 

BBJ 2 

CL604 

BOMBARDIER 

CL605 

CL850 

GL5000 

GL6000 

EMBRAER 

L600 

L650 

L1000 

F2000LX 

F2000LXS 

F2000S 

DASSAULT 

F7X 

F900DX 

F900EX 

F900EXe 

F900LX 

G200 

GULFSTREAM 

G280 

G450 

G550 

G650 

G650ER 

The above chart provides a visual representation of the Supply / 

Demand Ratio of each aircraft model relative to the overall market, 

and is based on a ‘Marketability’ calculation for each particular model 

including the following four market indicators: 

1. The percentage of aircraft for sale relative to its fleet size. 

2. The number of aircraft sold relative to the average number for sale. 

3. The average days for sale relative to the overall market average. 

4. The momentum of the marketplace (represented by the trend 

towards supply and demand market equilibrium portrayed earlier). 

When taking into account these four factors, the Bombardier Challenger 

605, the Falcon 2000 class and the various Gulfstream models appear 

well positioned to find buyers available. 

* ASG chose 26 popular aircraft models as described in this report 




PRE-OWNED CIVIL HELICOPTERS FOR SALE 

INVENTORY VALUE (USD) 1 

$1,410M 

WORLDWIDE 

$1,477M 

DEC 2017 

$1,053M 

ASIA PACIFIC 

$111M 

$181M 

DEC 2017 

$160M 

Mar 

2016 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2017 

Feb 

Mar 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2018 

Feb 

Mar 

The Inventory Value Line represents the number of aircraft actively being marketed for sale in USD terms. 2 

The Trend Line represents the market’s direction in terms of the balance between sellers and buyers (supply and 

demand) at today’s price levels. A rising Trend Line indicates that pre-owned activity is stabilizing, with sellers of 

aircraft increasingly likely to find buyers. 

The Signal Line represents an indication of where the market’s direction may be heading in the future. A Signal 

Line consistently falling below the Trend Line indicates that any improvement in the market’s direction may not be 

entirely sustainable. 

MARKET TREND 1 

WORLDWIDE 



MOVING TOWARDS SELLER’S MARKET 

MOVING TOWARDS BUYER’S MARKET 


WORSENING 


WORSENING 



AIRCRAFT SOLD 1 

WORLDWIDE 

7 

4 

5 

7 

10 

6 

10 

8 

7 7 7 

10 10 

9 9 

7 7 

7 7 

6 

4 

2 

1 

12 

7 

Mar 

2016 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2017 

Feb 

Mar 

Apr 

May 

Jun 

Jul 

Aug 

Sep 

Oct 

Nov 

Dec 

Jan 

2018 

Feb 

Mar 

1 The historical inventory value and transactions are subject to change based on latest market information updates. 

2 ASG’s Inventory Value line is calculated by taking the total number of aircraft for sale from a selection of 16 different models, multiplied by their average asking prices. 




AVERAGE ASKING PRICE 

MILLION USD 

7 

6.5 

6 

ASIA PACIFIC 

5.5 

5.0 

WORLDWIDE 

4.5 

4 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 

% OF FLEET FOR SALE 

7.5% 

7.0% 

6.5% 

6.0% 

WORLDWIDE 

5.5% 

5.0% 

4.5% 

4.0% 

ASIA PACIFIC 

3.5% 

3.0% 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 


650 

600 

550 

ASIA PACIFIC 

500 

450 

400 

WORLDWIDE 

350 

Mar 

16 

May 

16 

Jul 

16 

Sep 

16 

Nov 

16 

Jan 

17 

Mar 

17 

May 

17 

Jul 

17 

Sep 

17 

Nov 

17 

Jan 

18 

Mar 

18 




SUPPLY / DEMAND INDICATORS 


2018 Q1 

SUPPLY VS. DEMAND RATIO 


SUPPLY > 

DEMAND 

% OF FLEET 

FOR SALE 

MODEL 

DAYS ON MARKET 

18.6% 

S76C+ 

12.4% 

SIKORSKY 

S76C++ 

3.2% 

S92A 

AVERAGE 

5.3% 

4.9% 

5.1% 

BELL HELICOPTER 

BELL 412EP 

BELL 412HP 

BELL 429 

AVERAGE 

14.7% 

AW109E PWR 

5.2% 

LEONARDO 

AW109SP GN 

3.5% 

AW139 

NO 

TRANSACTIONS 

4.5% 

AS332L1 

9.0% 

H225 

NO 

TRANSACTIONS 

7.2% 

4.2% 

1.0% 

AIRBUS HELICOPTERS 

EC135P2 

EC135T2 

EC145 

NO 

TRANSACTIONS 

28.6% 

EC155B 

8.4% 

H155 

350% 300% 250% 200% 150% 100% 50% 0 

Average AC for sale / Total sold in last 12 months 

6.0% 

Average 

0 100 200 300 400 500 600 700 800 

The above chart reflects where certain aircraft models are positioned in terms of supply and demand (based on a ration of completed transactions 

compared to the number of sellers, and average number of days on the market for a transaction to take place). 




MARKET POSITIONING 



BUYER’S MARKET 

Balanced 

Supply & Demand 


SELLER’S MARKET 

S76C+ 

SIKORSKY 

S76C++ 

S92A 

BELL HELICOPTER 

BELL 412EP 

BELL 412HP 

BELL 429 

AW109E PWR 

LEONARDO 

AW109SP GN 

AW139 

AS332L1 

H225 

AIRBUS HELICOPTERS 

EC135P2 

EC135T2 

EC145 

EC155B 

H155 

The above chart provides a visual representation of the Supply / Demand Ratio of each aircraft model relative to the overall market, resulting in a 

‘Marketability’ calculation of each particular model based on the following four market indicators: 

1. The percentage of aircraft for sale relative to its fleet size. 

2. The number of aircraft sold relative to the average number for sale. 

3. The average days for sale relative to the overall market average. 

4. The momentum of the marketplace (represented by the trend towards supply and demand market equilibrium portrayed earlier). 



REVITALIZING CITIES 

WITH SEAPLANES 

INTERVIEW WITH HIRONORI ABE 

VICE PRESIDENT OF AVIATION COMPANY, 

SETOUCHI HOLDINGS INC. 


The Japanese prefecture of Hiroshima, located along the Seto Inland Sea, is known 

for its natural beauty made up of mountainous landscape, sprawling valleys and 

a vast coastline. Hiroshima’s rich history dates back for centuries, and is home 

to a fascinating culture. Over the years, however, the prefecture lost many of its local citizens to burgeoning outside regions. 

To revitalize Hiroshima, Japanese firm Setouchi Holdings — subsidiary of shipbuilding company Tsuneishi Group, stepped in. 

The company, started by Tsuneishi Group’s owner Katsushige Kambara, aimed to revive the prefecture through tourism and, 

consequently, through the introduction of Setouchi Seaplanes, bringing convenient transportation and infrastructure to an 

overlooked, yet picturesque, region. 

Setouchi Holdings is focused on aviation with three business 

segments — as owner of the US-based aircraft manufacturer Quest 

Aircraft (which builds the Kodiak 100), as a sales dealer for the Kodiak 

throughout much of the Asia-Pacific region, and as an operator of the 

Kodiak 100 seaplane by means of Setouchi Seaplanes. The Kodiak 

100 sits at the forefront of Setouchi Holdings’ plans to invigorate the 

Hiroshima prefecture. 

The Kodiak 100 is built in Sandpoint, Idaho in the northwestern 

region of the United States. Originally designed to be the ultimate 

humanitarian workhouse, the unique combination of robust 

construction and remarkable payload capability has resulted in many 

additional applications for the Kodiak, including float (amphibious 

and straight) operations, special missions, medevac, skydiving and 

more. The owner-flown segment continues to gain momentum 

as well, particularly in the North American marketplace. The 

Kodiak’s rugged aluminum construction combines superior STOL 

performance and high useful load. It offers proven turbine reliability 

with the Pratt & Whitney PT6 turbine engine, has the ability to land 

and take off from unimproved surfaces and is capable of working off 

floats without structural upgrades. The Kodiak can take off in under 

1,000 feet at its full gross takeoff weight of 7,255 lbs and climb at 

over 1,300 feet per minute. 

Setouchi Seaplanes, based at the Onomichi Floating Port in the city of 

Onomichi, has been operating this amphibious Kodiaks since August 

2016, making the Kodiak the first seaplane to be in service in Japan 

in over 50 years. To date, there are twelve Kodiak 100s in Japan, used 

for various missions. Due to the success of the amphibious aircraft, 

Setouchi Seaplanes has since targeted the Philippines. 


INDUSTRY INSIGHTS 

“We currently have one seaplane in the Philippines,” says Hironori 

Abe, Setouchi Holdings’ Vice President, who is leading the company’s 

expansion into the country. “We are working with a local partner who 

already has an air operator’s certificate (AOC). The main headquarter 

will be based in Manila, with additional operations in Battan, Subic 

and Palawan.” 

The geographic layout of the Philippines, home to over 7,000 islands, 

makes the seaplane an ideal aircraft. Abe expects tourism, cargo 

and passenger transport to be the main mission segments across 

the islands, which are currently faced with infrastructure difficulties, 

making transport challenging. 

In 2018, Setouchi Holdings will add maintenance capabilities to their 

repertoire. And, by 2019, it will be operating a training center for the 

Kodiak, continuing to focus on promoting the Kodiak within the Asia- 

Pacific region and Filipino community. 

Where we bring transportation, 

further infrastructure is also 

implemented. There will be the 

development of boats, hotels, 

and tourism, in general. 

“My projection is at least 10 to 15 aircraft in the next year in the 

Philippines,” says Abe. “The current single aircraft in country has a lot 

of usage and there is already infrastructure in place with numerous 

runway strips in the country, making this a feasible goal.” 

Outside of the Philippines, Setouchi Holdings Seaplanes has targeted 

the Maldives, Sri Lanka and India, as well as the growing Mainland 

China market. “In Mainland China, the Kodiak 100 is represented by 

a different dealer distributor. Still, there are about 10 to 12 seaplanes 

in the country, with growing interest in this aircraft.” 

The Kodiak 100’s efficiency and versatility, combined with low 

operating costs, has made it appealing to operators across the Asia- 

Pacific region. 

In each country Setouchi Holdings expands to, Abe hopes to 

help revitalize the area, just as it has done for Japan’s Hiroshima 

prefecture. “Aviation is not only aviation, but it is also transportation,” 

explains Abe. “Where we bring transportation, further infrastructure 

is also implemented. There will be the development of boats, hotels, 

and tourism, in general.” 

Having already accomplished a success story with seaplanes in 

Hiroshima, the future for Setouchi Holdings and its seaplanes 

looks bright. 

www.setouchi-hd.com/about/aviation 


KODIAK 100 SPEC 

WEIGHTS & LOADINGS 

FUSELAGE 

Max Ramp Weight 

3,313 kg 

Max Takeoff Weight 

3,290 kg 

Base Aircraft Empty Weight 

1,710 kg 

Base Aircraft Useful Load 

1,603 kg 

Fuel Capacity 

1,211 L 

Max Wing Loading 

147 kg/sm 

Max Power Loading 

4.93 kg/hp 

PERFORMANCE (WITHOUT CARGO POD) 

Stall Speed Vs1 (flaps up) 

143 kph 

Stall Speed Vs0 (flaps down) 

111 kph 

Rate of Climb (max cont at SL) 

418 m/min 

Rate of Climb (10,000 ft) 

266 m/min 

Takeoff Ground Roll 

285 m 

Landing Ground Roll 

233 m 

Certified Ceiling 

7,620 m 

RANGE & ENDURANCE 

7,305 lbs 

7,255 lbs 

3,770 lbs 

3,535 lbs 

320 gal 

30.2 lbs/ft2 

9.67 lbs/hp 

77 kcas 

60 kcas 

1,371 ft/min 

874 ft/min 

934 ft 

765 ft 

25,000 ft 

Cabin Width 

Cabin Height 

Cabin Length 

Cargo Volume 

Overall Length 

Seats 

Doors 

Door Sill Height 

Cargo Door Height 

Cargo Door Width 

FLIGHT SURFACES 

Wing Area 

Span 

Dihedral 

Flap Type 

Horizontal Span 

Overall Height 

1.37 m 4’6” 

1.45 m 4’9” 

4.83 m 15’ 10” 

7.02 cu m 248 ft2 

10.42 m 34’2” 

1-10 1-10 

3 

3 

0.97 m 38” 

1.25 m 49.25” 

1.25 m 49.25” 

22.30 sq m 

13.72 m 

3° 

Fowler, single-slotted 

6.09 m 

4.65 m 

Includes 45 min reserve, ISA, without cargo pod Max Cruise 

174 ktas, 3,700 m 

Fuel Flow 

Endurance 

Max Range Cruise 

135 ktas, 3,700 m 

Fuel Flow 

Endurance 

Max Endurance 

95 ktas, 3,700 m 

Fuel Flow 

Endurance 

1,861 km 

182 L/hr 

5.8 hrs 

2,096 km 

125 L/hr 

8.4 hrs 

1,748 km 

106 L/hr 

9.9 hrs 

LANDING GEAR 

Main Gear 

8.5 x 10 Cleveland, spring steel 

Nose Gear 

6.5 x 8 Cleveland, air-oleo, steel 

POWERPLANT (P&W PT6A-34) 

Takeoff Power 

750 hp 

Max Continuous power 

700 hp

PRE-OWNED MARKET SPOTLIGHT 

FALCON 2000 SERIES 

One of the most popular and successful Falcons to date is the Falcon 

2000 series, with more than 600 of the series in service today. Cost 

effective and capable, each variation has built on the original model’s 

many strengths. After entering the market in 1995, the series has 

evolved to include the Falcon 2000EX, DX, LX, S and LXS. 


PRE-OWNED SPOTLIGHT 

MODEL INTRODUCTION 

Theoriginal twin-engine 2000 introduced in 1995 is based on and 

slightly smaller than the three-engine Falcon 900, which itself was 

introduced in 1986. The 2000 offered a transcontinental range of 

3,000NM, powered by CFE738-1-1B turbofans. The 2000’s large cabin 

has remained the same throughout its evolution, maintaining a cabin 

volume of 1,024 cubic feet (excluding cockpit and baggage), a cabin 

length of 26.17ft, along with a height of 74 in and width of 92 in. 

In 2004, the 2000EX entered service powered by — what is now 

the standard engine in the series — the Pratt & Whitney PW308C 

turbofans. The EX’s range was slightly longer with a range of 3,900NM. 

Both the 2000 and its EX variant utilized Rockwell Collins Pro Line 4 

avionics system. This system was upgraded with the addition of the 

2000EX EASy, which used Honeywell’s Enhanced Avionics System 

(EASy), allowing for improved navigation and communication. 

The 2000LX entered the market in 2007. Able to fly a max range 

of 4,000NM, this variant of the series has been highly successful 

and features the addition of blended winglets improving the aircraft’s 

performance by reducing drag, as well as lower emission engines. 

Just a year later, the DX variant entered service. With a reduced range 

of 3,425NM, the DX is often seen as a more cost-effective model for 

those not requiring the extra range of the LX. 

The 2000S and 2000LXS are the latest in the series to enter the 

market, as well as the only two still in production. The ‘S’ variant, 

MODEL COMPARISON 

MODEL 

2000 2000EX 2000EX EASY 2000DX 2000LX 2000S 2000LXS 

Entry into Service 

Total Aircraft In Operation 

Engine Model 

Winglets 

Short Runway Capability 

Avionics System 

1995 

230 

CFE738-1-1B 

No 

No 

Rockwell Collins 

2004 

26 

PW308C 

No 

No 

Rockwell Collins 

2004 

103 

PW308C 

No 

No 

EASy (Honeywell) 

2008 

4 

PW308C 

No 

No 


2007 

131 

PW308C 

Yes 

No 


2013 

38 

PW308C 

Yes 

Yes 

EASy II (Honeywell) 

2013 

70 

PW308C 

Yes 

Yes 

EASy II (Honeywell) 

Pro Line 4 

Pro Line 4 

“Maximum Range 

3,000 N.M. 

3,900 N.M. 

3,900 N.M. 

3,425 N.M. 

4,000 N.M. 

3,350 N.M. 

4,000 N.M. 

(NBAA IFR Reserves)” 

Max Cabin Length 

Max Cabin Height 

Max Cabin Width 

Cabin Volume 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

26.17 ft 

74 ft 

92 ft 

1,024 cu.ft 

(Exl. Cockpit and Baggage) 

Typ. Passengers 

8-10 Pax 

8-10 Pax 

8-10 Pax 

8-10 Pax 

8-10 Pax 

8-10 Pax 

8-10 Pax 

Data Sources: Dassault Falcon & Conklin & de Decker 

AGE AND MODEL DISTRIBUTION - ALL FALCON 2000 MODELS 

2000 

2000EX 

2000EX EASy 2000DX 2000LX 2000LXS 2000S 

45 

No. of Aircraft in Operation 

40 

35 

30 

25 

20 

15 

10 

5 

0 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

2017 

* Data Source: JETNET 



FALCON 2000S / LXS RESIDUAL VALUE BY DELIVERY YEAR 

PRE-OWNED MARKET REGION & MODEL BREAKDOWN 

TRANSACTIONS INVENTORY VALUE (M USD) 

RESIDUAL VALUE (M USD) 

35.10 

29.95 

30.00 

27.50 

2018 2017 2016 2015 2014 

Northern Europe Middle East Asia Latin Amer. 

* Source: Vref. 

America 

& Carib 

with a range of 3,350NM, is the first in the series with short-field and 

steep approach capability. It also features the EASy II flight deck, 

reducing pilot workload and automating or abbreviating tasks that 

are repetitive, stressful and distracting. The ‘LXS’ variant combines 

the features of the ‘S’ and the ‘LX’, pairing the long range of 4,000NM 

with short runway and steep approach capability. 

PRE-OWNED MARKET ANALYSIS 

27.00 

24.50 

25.00 

21.50 

2000S 

2000LXS 

Worldwide, the Falcon 2000 series fleet stands at just over 600. 

The earliest variation of the series (2000) has the largest fleet (230) 

and is, consequently, the most active in the pre-owned market. In 

March 2018, there were 17 available on the market, most of which 

are based in North America. The ‘LX’ has a significantly smaller fleet 

INVENTORY VALUE & TRANSACTIONS 

552 

556 

684 694 

641 

669 

564 

515 

508 

467 

509 

23.00 

18.50 

540 530 

NO. OF AIRCRAFT FOR SALE 

NO. OF AIRCRAFT FOR SALE 

16 

2000 

2000 

8 

2000EX EASy 

2000EX 

4 

2000DX 

2000EX EASy 

2000LX 

AIRCRAFT FOR SALE - MODEL BREAKDOWN 

2000LX 

2000LXS 

2000LXS 

2000S 

2000S 

63 64 65 

63 

61 61 60 

50 52 55 57 59 57 

54 54 51 49 

45 

43 42 

40 

37 38 38 

32 

* Data source: JETNET & ASG 

9 9 

7 7 

8 

7 

8 

7 

8 

5 5 

4 

4 4 4 

3 

2 

3 

2 

3 3 3 

1 1 

572 

2016/03 

2016/04 

529 

2016/05 

2016/06 

485 

2016/07 

2016/08 

437 

2016/09 

2016/10 

421 

2016/11 

2016/12 

2017/01 

2017/02 

361 364 

2017/03 

2017/04 

310 

3 

2017/05 

302 

1 1 

347 379 

Northern 

Africa 

345 

2 

2016/03 

2016/04 

2016/05 

2016/06 

2016/07 

2016/08 

2016/09 

2016/10 

2016/11 

2016/12 

2017/01 

2017/02 

2017/03 

2017/04 

2017/05 

2017/06 

2017/07 

2017/08 

2017/09 

2017/10 

2017/11 

2017/12 

2018/01 

2018/02 

2018/03 

2017/06 

2017/07 

2017/08 

2017/09 

2017/10 

2017/11 

2017/12 

2018/01 

2018/02 

2018/03 

* Data source: JETNET & ASG, excluding 2000DX 



(131), and is not as active on the market, with 

only three currently for sale in March 2018. 

These numbers are much lower than previous 

quarters, when the total Falcon 2000 series 

had close to 40 available on the market and 

the LX had close to and, at times, over 10 

aircraft for sale. 

AVERAGE ASKING PRICE TREND - MAJOR MODELS 

Average 

Falcon 2000 

19.5 

Falcon 2000EX EASy 

Falcon 2000LX 

18.2 

17.5 

Inventory levels have reduced drastically, 

particularly in the last quarter of 2017. The 

Falcon 2000, which in 2016 consistently 

saw around 12-14% of its worldwide fleet 

for sale, has decreased to about 11% of its 

fleet for sale at the end of 2017 and below 

8% in March 2018. The ‘LX’ fleet for sale 

saw the greatest decrease, falling to 2% of 

its worldwide fleet for sale. Overall supply of 

the ‘LX’, ‘S’ and ‘LXS’ reached a historic low at 

the end of 2017, although supply has since 

slightly increased. 

Average Asking Price (M USD) 

12.8 

11.3 

5.0 

14.0 

11.8 

10.5 

5.4 

14.1 

12.9 

11.3 

11.0 

8.3 

5.1 

4.6 4.6 

12.4 

7.6 

14.6 

12.6 

10.2 

5.0 

As of March 2018, the 2000 had an average 

of 184 days on market (DOM), decreasing 

from the DOM seen in the last half of 2017. 

The DOM of the LX was 127 in March 2018, 

a significant decrease from the DOM seen 

throughout 2016 and much of 2017. 

2016/03 

2016/04 

2016/05 

2016/06 

2016/07 

2016/08 

2016/09 

2016/10 

2016/11 

2016/12 

2017/01 

2017/02 

2017/03 

2017/04 

2017/05 

2017/06 

2017/07 

2017/08 

* The average asking price is based on all F2000 models excluding F2000DX 

PERCENTAGE FOR SALE - MAJOR MODELS 

In Q1 of 2018, the average asking price of the 

2000 model was approximately US$5.0M, 

slightly higher than the second half of 2017 

when a price decrease stimulated market 

activity, particularly in the US. Consequently 

the majority of transactions for the 2000 

model have taken place between US-based 

buyers and US-based sellers. Buyers can 

now expect a range of US$2.5M to US$6.5M, 

with the EX model trading at US$6.75M to 

US$7.5M. Demand for the 2000 and ‘EX’ 

favors the 1999 and newer models, along 

with a 10-passenger interior. The average 

asking price of the LX is US$14.6M, which 

is also an increase from lower prices in the 

second half 2017. Buyers can now expect a 

range of US$13.5M to US$19M. 

20.0% 

18.0% 

16.0% 

14.0% 13.0% 

12.0% 

10.3% 

10.0% 

10.0% 

8.0% 

7.7% 

6.0% 

4.0% 

2.0% 

0.0% 

2016/03 

2016/05 

16.3% 

14.8% 

2016/07 

8.4% 

2016/09 

Falcon 2000 

Falcon 2000 EX EASy 

13.7% 

DAYS ON MARKET - MAJOR MODELS 

2017/01 

3.8% 

Falcon 2000 LX 

Average 

7.4% 

5.4% 

4.9% 

2.3% 

Today, the Falcon 2000 series is noted for its 

technology and wide-body aircraft design. 

With seating for 10 passengers, low operating 

costs, higher fuel efficiency, the 2000 is a 

unique value combining large cabin comfort 

with the efficiencies of a mid-size aircraft. 

450 

400 

250 

300 

250 

200 

150 

224 

210 

Falcon 2000 

Falcon 2000 EX EASy 

388 

293 

Falcon 2000 LX 

267 

Average 

184 

127 

100 

108 

117 

50 

0 

51 

2016/03 

2016/04 

2016/05 

2016/06 

2016/07 

2016/08 

2016/09 

2016/11 

2017/01 

2017/02 

2017/03 

2017/09 

2017/08 

2017/09 

2017/10 

2017/11 

2017/05 

2018/01 

2018/02 

2018/03 

2017/05 

2018/01 

2017/06 

2017/03 

2017/07 

2017/11 

2017/07 

2018/03 

2016/11 

2017/02 

2017/10 

2016/06 

2017/06 

2016/10 

2018/02 

2016/10 

2016/04 

2017/04 

2017/04 

2017/12 

2017/12 

2016/08 

2016/12 

2017/08 

2016/12 

2017/09 

2017/10 

2017/11 

2017/12 

2018/01 

2018/02 

2018/03 



FALCON 2000 SERIES 

MARKET AVAILABILITY 

MODEL 

NUMBER 

FOR SALE 

TOTAL FLEET 

% 

AVG. DAYS 

ON MARKET 

AVG. ASKING (USD) 

F2000 

F2000DX 

F2000EX 

F2000EX EASy 

F2000LX 

F2000LXS 

F2000S 

17 

1 

0 

5 

3 

2 

5 

230 

4 

26 

103 

131 

70 

38 

7% 

25% 

- 

5% 

2% 

3% 

13% 

208 

141 

- 

111 

179 

89 

119 

5.2M 

Make Offer 

- 

12.6M 

Make Offer 

Make Offer 

19.35M 

AIRCRAFT 

MODEL 

YEAR BASE AREA ASKING 

DAYS 

ON MARKET 

AFTT PAX 

ENGINE 

PROGRAM 

APU 

PROGRAM 

2000 1995 Asia Make Offer 394 6,610 9 - - 

2000 1996 Western Europe $4,000,000 113 7,221 8 MSP Gold MSP Gold 

2000 1996 Northern America Make Offer 401 9,352 10 CSP Gold MSP Gold 

2000 1997 Western Europe Make Offer 261 7,649 8 MSP Gold MSP Gold 

2000 1997 Western Europe $3,950,000 117 4,785 8 CSP Gold MSP 

2000 1998 Northern America Make Offer 63 7,265 9 CSP Gold MSP 

2000 1999 Northern America $3,995,000 197 6,466 10 CSP MSP Gold 

2000 2000 Northern America Make Offer 29 13,604 10 MSP Gold MSP Gold 

2000 2000 Northern America $4,500,000 300 8,948 10 CSP Gold - 

2000 2001 Middle East Make Offer 743 - TBD - - 

2000 2001 Middle East Make Offer 138 5,599 10 JSSI JSSI 

2000 2002 Northern Africa Make Offer 15 4,787 10 CSP MSP 

2000 2002 Northern America Make Offer 217 3,654 8 CSP MSP 

2000 2002 Northern America $7,495,000 118 4,538 10 CMSP MSP 

2000 2004 Northern America Make Offer 223 4,736 10 JSSI JSSI 

2000 2005 Northern America $7,300,000 127 4,965 10 MSP Gold MSP 

2000 2005 Northern America Make Offer 76 4,026 8 ESP Gold - 

2000DX 2006 Middle East Make Offer 141 4,182 10 CSP Gold MSP 

2000EX EASy 2007 Northern America $11,500,000 42 4,616 10 ESP Gold MSP 

2000EX EASy 2007 Northern America Make Offer 162 2,950 10 ESP Gold MSP 

2000EX EASy 2007 Western Europe Make Offer 174 2,491 9 ESP Gold MSP Gold 

2000EX EASy 2007 Asia Make Offer 166 5,117 9 ESP Gold MSP Gold 

2000EX EASy 2008 Middle East $13,750,000 12 2,301 8 ESP Platinum MSP 

2000LX 2008 Northern America Make Offer 148 3,077 10 ESP Gold MSP 

2000LX 2012 Asia Make Offer 222 984 10 ESP Gold MSP Gold 

2000LX 2012 Western Europe Make Offer 168 1,606 7 ESP MSP Gold 

2000LXS 2013 Western Europe Make Offer 57 1,397 10 ESP Platinum - 

2000LXS 2013 Asia Make Offer 121 1,044 10 ESP Gold MSP 

2000S 2013 Northern America $18,950,000 196 590 10 JSSI JSSI 

2000S 2014 Western Europe $19,750,000 44 1,315 11 ESP Gold MSP 

2000S 2014 Western Europe Make Offer 240 1,330 TBD ESP - 

2000S 2015 Middle East Make Offer 41 1,011 10 ESP Gold MSP 

2000S 2015 Northern America Make Offer 75 830 12 ESP Gold - 



BRINGING AVIATION AND 

FINANCING TOGETHER 

INTERVIEW WITH VIOLET KWEK, 

SALES DIRECTOR, GREATER CHINA AND NORTH ASIA 

GLOBAL JET CAPITAL 


In February 2017, Violet Kwek joined private aircraft financier Global Jet Capital as Sales Director, Greater China 

and North Asia, after years of experience in corporate and ship financing. Just one year in, Violet has led the team 

to close its first deals in North Asia, including an operating lease with a Hong Kong-based client. Global Jet Capital 

is now seeing an increased demand for financing, as the demand for business jets in the Asia-Pacific region grows. 

Tell me about your experience prior to joining 

Global Jet Capital? 

I started working in corporate finance in 2004 in Singapore. My career 

in transportation started in 2007 when I joined DVB Bank Singapore 

as an Associate in their Mergers and Acquisitions Shipping team. 

Subsequently I moved to the ship leasing team, structuring finance and 

operating leases to shipowners based in Southeast Asia and India. 

In January 2010, I joined Standard Chartered Bank’s Structured Finance 

team in Shipping as an Associate Director in Hong Kong where I built 

up the shipping debt and lease portfolio in China and Taiwan across a 

diverse range of clients spanning private enterprises, conglomerates to 

state-owned enterprises and Chinese leasing companies. I became an 

Executive Director in Shipping Finance in 2014 

My last role prior to joining Global Jet Capital was the Deputy Head of 

Shipping Finance and thereafter the Deputy Head of Corporate Banking 

in the Hong Kong branch of China Minsheng Banking Corporation. 

What are buyer’s options, in terms of financing? 

There are 3 main types of financing: 

• Loans; 

• Finance leases; and 

• Operating leases. 

When considering financing products and being able to obtain the 

financing, some of the key elements buyers should consider include: 

• Initial budget: The combination of 1) the down payment 

required from the buyer; 2) The upfront expenses in relation to 

the aircraft and its financing; and 3) asset under management 

requirements and/or any related cash security deposit. 

• Ongoing costs: The annual total cost of the loan/lease 

payments and the fixed and variable aircraft operating costs. 

• Maintenance programs: Many financiers will require the 

aircraft to be on at least engines and APU programs. Buyers 

should check whether a pre-owned aircraft is enrolled in these 

programs. Some aircraft owners who paid cash for their aircraft 

and subsequently wish to refinance their aircraft, may have to 

pay a significant buy-in fee to enrol in these programs as their 

aircraft gets older. 

• Residual risk on the aircraft: Buyers take the residual risk on 

an aircraft with a loan or a finance lease. So buyers need to 

consider if they want to take this residual risk on the aircraft or 

pass it on to a lessors like Global Jet Capital with an operating 

lease solution. In this way should the then market value of the 

aircraft be lower than its expected value at time of the sale 

when the owner wants to upgrade his/her aircraft, the risk of 

this price differential is passed on to the operating lessor. 



What are some of the benefits of financing? 

In general financing allows a buyer to utilise their funds more efficiently 

to maximise their returns, as typically the return on equity is much 

higher than the cost of financing. 

When a buyer is in a situation where he/she has a substantial amount 

of cash and have no better projects or products to invest in, then it may 

be more beneficial for such clients to go for a lower cost of financing 

such as a loan/finance lease or pay cash for their aircraft. Of course if 

such cash rich buyers want to manage the aircraft’s residual risk with 

no exposure to market fluctuations, they can always look for Global Jet 

Capital to provide operating lease solutions to transfer that residual risk 

to us. 

Other benefits of an operating lease solution for a business jet include: 

• Lower cash outlay: Given financing of up to 100% of the fair 

market value can be provided, the lessee typically only needs to 

fund the security deposit vs the 20-30% down payment required 

for a loan or finance lease typically. 

• Ease and flexibility on exit: Full flexibility to upgrade or exit with 

no aircraft to remarket at end of lease as there is no need for the 

owner to wait to sell the aircraft; 

• Predictable costs: Predictable lease and maintenance costs for 

precise budgeting as there are no bumpy cash outlays on the 

aircraft purchase and/or a loss on sale in book value on disposal 

of the aircraft. 

Why is it beneficial to use Global Jet Capital 

over a traditional bank? 

Different clients have different needs hence each client will require 

financing solutions that meets their needs and requirements. 

Some of the advantages of financing with Global Jet Capital include: 

• We may offer a higher financing loan-to-value ratio in respect to 

the aircraft’s fair market value. 

• As we are not a private bank, we do not require a minimum asset 

under management that a new client will need to deposit and/ 

or invest in wealth management products, though we will require 

a cash security deposit. As such the client has the flexibility 

to invest in any type of assets they want and/or invest in their 

businesses or family office which may generate higher returns. 

• We typically work with clients to understand their requirements 

and tailor a solution specific for them based on their requirements 

and their financial metrics. 

• We are one of the few if not the only financier in the Asia-Pacific 

region that offers operating leases on business jets, the benefits 

of which have had been mentioned earlier. 

For some Chinese clients, the advantages of financing with Global Jet 

Capital may be more pronounced as our financing products allow them 

utilise their precious offshore cash more effectively and efficiently for 

other investments and needs. 

The main disadvantage of an operating lease is that the lease is not 

easily terminated as the lessor has taken a view on the expected 

residual value at the end of the lease and, as such, priced the lease 

rate accordingly for the full lease term. A shorter lease term will entail 

a higher lease rate and therefore an early termination payment if this 

is the case. 

What are some common misconceptions 

surrounding aircraft financing? 

The most common one is the misconception that operating leases 

do not require guarantees. Even though aircraft financing is an asset 

based financing, all forms of financing require a counterparty who has 

adequate financial strength to maintain their financial obligations. The 

key difference between an operating lease and a finance lease or a loan 

is that the residual risk is borne by the lessor rather than the lessee/ 

borrower. A bank providing a property loan will also analyse whether a 

borrower has the adequate financial means to make his or her monthly 

repayments despite having the property mortgaged to them. 

As most aircraft are owned by special purpose vehicles with no assets 

or operations other than the aircraft, the aircraft lessor will require a 

guarantor to ensure the lease payments will be made, no different than 

a home loan. Just like banks providing home loans, they are in the 

business of providing financing, not leasing out residential apartments. 

Global Jet Capital is in the business of providing business jet financing, 

not leasing out business jets. 

Different clients have 

different needs hence each 

client will require financing 

solutions that meets their 

needs and requirements . 

What can be expected from Global Jet Capital 

over the next couple of years? 

For the North Asia region, we will continue to expand our presence in 

China and will look to develop our presence on other parts of North Asia 

such as Japan, Korea and Taiwan where we expect that our operating 

lease product may allow us to compete with the competitively priced 

traditional bank financings. 

We will also endeavour to provide a more diverse range of financing 

structures that is tailored and reflects the needs of the different 

geographical markets in line with our aim to deliver innovative solutions 

to our clients. 

www.globaljetcapital.com 

Another misconception is that as a non-bank financier, some clients 

may have the impression we do not require or have loose KYC (Know 

Your Customer), anti-money laundering and anti-terrorism checks. In 

this respect, we are no different and have such similar requirements as 

with any bank. 


Be among the biggest names in rotorcraft as we land again in 

Singapore. Dedicated to the thriving Asia Pacific market, 

Rotorcraft Asia 2019 covers the entire rotorcraft supply chain 

from airframes, components and parts, to avionics, safety 

systems, MROs and more. 

Stay ahead of the competition and seize the 

unparalleled business opportunities in this flourishing 

region. Book now! 

• Meet with potential buyers 

via our VIP Buyers Programme 

Land right here for the full view 

www.rotorcraft-asia.com 

To exhibit, please contact Lim Mei Ling / Theresa Gan at: 

+65 65956113 / 6595 6122 sales@rotorcraft-asia.com 


AIRCRAFT POSITIONING 

BUSINESS JETS 

CORP. AIRLINER 

LONG RANGE 

LARGE 

MEDIUM 

LIGHT 

VERY LIGHT 

ACJ321 BBJ3 

ACJ320 

BBJ2 

ACJ319 BBJ 

24 

23 

22 

21 

20 

19 

18 

17 

16 

15 

14 

13 

ACJ318 

GLOBAL 6000 

LINEAGE 1000E 

GLOBAL 5000 

G650ER 

G650 

G550 

F8X 

F7X 

12 

11 

10 

9 

G450 

8 

F900LX 

7 

LEGACY 650 

F2000LXS 

CL850 

CL650 

LEGACY 600 

F2000S 

CL350 

GLOBAL EXPRESS 

CIT. X+ G280 

F2000LX 

G350 

LEGACY 500 

CL605 

F900EX EASY 

CIT. SOVEREIGN+ 

CL300 

F2000 

LRGACY 450 

CIT. LATITUDE 

CIT. X 

G300 

L75 

L70 

CIT. XLS+ 

G150 

F2000DX 

F50EX 

GLOBAL EXPRESS XRS 

G200 

H4000 

CIT. SOVEREIGN 

G-IVSP 

F900EX 

G-IV 

F2000EX 

CL604 

G-V 

6 

4 

3 

TOTAL ANNUAL COST (MILLION USD/YEAR) 

CIT. CJ1+ 

CIT. CJ1 

PREMIER 1A 

DIAMOND 1A 

H400XP CIT. BRAVO 

CIT. M2 

BEECHJET 400 

CIT. CJ2 

PHENOM 100E 

HONDAJET 

CIT. MUSTANG 

ECLIPSE 550 

CIT. ULTRA 

CIT. ENCORE 

H900XP 

CIT. CJ4 

H850XP 

PHENOM 300 

H800 

CIT. XLS 

CIT. VII 

L60XR 

L45XR 

CIT. CJ3+ 

G100 

CIT. CJ3 

L40XR 

CIT. EXCEL ASTRA SP 

CIT. ENCORE+ 

CIT. CJ2+ 

H800XP 

NEXTANT 400XTI 

2 

500 

1,000 

1,500 

2,000 

2,500 

3,000 

3,500 

4,000 

4,500 

5,000 

5,500 

6,000 

6,500 

7,000 

7,500 

8,000 

1 

MAX RANGE (N.M.) 

* The estimated total yearly cost is based on aircraft ownership cost for 10 years including financing, plus annual operating costs and regional adjustments. 

Source: Conklin & de Decker 2017 


AIRBUS 

0+4+0 0+0+0 4+0+ 

4+0 0+0+0 4+0 0+0+0 4+0 0+4+0 0+0+0 4+0 0+0+0 4+0 0+0+0 0+4+0 0+0+0 5+0 0+0+0 5+0 

0+0+0 1+0+0+00+0+00+0 

MARKET SUMMARY -- JETS 

INVENTORY LEVEL, PRICE TREND & TRANSACTIONS 

ACJ318 

• There was one transaction completed in Q1 2018. 

Average Asking Price 

$31.2 

SPECS 

Max Range 

4,253 N.M. / 7,877 km (with ACTs) 

Max Speed 

Mach 0.82 

$29.3 Typ. Passengers 19 

$29.3 

FOR SALE 

2018 Q1 2017 Q4 

For Sale vs. Sold 

No. for Sale 

5 (25.0%) 4 (20.0%) 

Avg Asking Price 29.3M USD 29.3M USD 

5 5 

Avg Days on Market 1,072 1,242 

4 4 4 4 4 4 4 4 4 4 4 

1 

2018 Q1 2017 Q4 

SOLD 

Past 12 Months 1 

0 

Mar Jun Sep Dec Mar 

2017 2018 Past 3 Months 1 

0 

For Sale Sold 

MARKET SUMMARY PER MODEL — BUSINESS JETS 

• There were five Airbus ACJ318s available for sale in Q1 2018. The inventory 

level increased in Q1 2018 from four in Q4 2017. This represents 25% of the 

total 20 aircraft in service. 

• Asking prices ranged from US$30M for a 2008 model with 2,627 hours to 

US$27.95M for a 2009 model with 1,547 total hours. Average asking price in 

Q1 2018 remained stable at US$29.3M. 

• The average days on market for sale reduced from 1,257 days in Q4 2017 to 

1,072 days. 

ACJ319 

0+14+0 0+0+0 14+0+ 

14+0 0+0+0 14+0 0+0+0 14+0 0+14+0 0+0+0 10+0 12+0 0+0+0 14+0 4+0+0 0+14+0 0+0+0 14+0 2+0+0 14+0 

0+0+0 0+0+0 2+0+00+0+00+0 

$37.6 



$35.7 

7 7 7 7 7 7 7 7 7 

6 

5 

2 

1 

$39.3 

7 

1 

$39.3 


2017 2018 

Sold 

For Sale 

7 

• There were seven Airbus ACJ319s available for sale in 2018 Q1, including four 

on-market and three off-market. This represents 10% of the total 71 aircraft 

in service. The inventory level remained stable in Q1 2018. 

• Current asking prices range from US$70M for a 2012 model with only ferry 

hours to US$18M for a 1999 model with 8,678 total hours. Average asking 

price in Q1 2018 remained stable at US$39.3M. 

• In Q1 2018, the average days on market for sale increased to 508 days from 

418 days in Q4 2017. 

• There was one transaction completed in 2018 Q1. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 

Avg Asking Price 

Avg Days on Market 

SOLD 

Past 12 Months 

Past 3 Months 

6,000 N.M. /11,112 km 

Mach 0.82 

19 

2018 Q1 

7 (9.9%) 

39.3M USD 

508 

2018 Q1 

4 

1 

2017 Q4 

7 (9.7%) 

39.3M USD 

418 

2017 Q4 

4 

1 




BBJ 

• There were 18 BBJs available for sale in 2018 Q1. This represents approximately 

13% of the total 134 aircraft in service. The inventory levels remained 

steady in Q1 2018, with two new aircraft entering the market, replacing two 

aircraft sold from the market in March. 

• The BBJ pre-owned market is segmented into two main categories: 2008 

YOM & up, typically asking US$49M and above; and 2002 YOM & down, typically 

asking for lower US$20M and below. Asking prices further range from 

US$92.5M for a 2011 model with only ferry hours to US$19.5M for a 1999 

model with a total of 10,115 hours. 

• The average days on market in Q1 2018 has decreased to 712 days from 743 

days in Q4 2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

6,235 N.M. / 11,547 km (with 9 ACTs) 

Mach 0.82 

19 

2018 Q1 2017 Q4 

19 (14.2%) 

37.3M USD 

712 

9 

2 

18 (13.5%) 

2018 Q1 2017 Q4 


37.3M USD 

743 16 17 17 16 16 16 16 

7 

2 

$43.8 


14 

17 

$37.3 

$33.8 

18 18 18 19 

$37.3 

1 2 1 1 

2 2 


2017 2018 

Sold 

For Sale 

0+0+0 0+0+0 2+0+00+0+00+0+01+0+00+0+01+0+02+0+00+0+01+0+00+0+0 

0+19+00+18+0 0+18+00+17+00+14+00+16+00+16+00+16+00+16+00+17+00+17+00+16+0 

2+0+0 

BOEING 

BBJ2 

• The BBJ2 market is a very limited one with only 22 aircraft in service worldwide 

and it is very much concentrated in the Middle East, where more than 

50% of the aircraft are in service. In Q1 2018, Asia represented 20% of the 

market - a mere four aircraft. 

• In Q1 2018, there were only four BBJ2s on market. This represents approximately 

18% of the total 22 aircraft in service. 

• There was no transaction completed over the last 12 months, although there 

is a “deal pending”. The most recent BBJ2 transaction occurred in July 2016, 

which was a 2003 model with an estimated US$33M price tag. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 


5,620 N.M. / 10,408 km (with 7 ACTs) 

Mach 0.82 

19 

2018 Q1 

4 (18.2%) 

69.0M USD 

592 

2018 Q1 

0 

0 

2017 Q4 

4 (18.2%) 

69.0M USD 

532 

0+8+0 

2017 Q4 

0 

0 

0+8+0 0+8+0 0+8+0 0+8+0 0+16+00+8+0 0+16+0 0+12+0 

0+16+0 0+16+0 


$69.6 $69.0 $69.0 

$62.0 


4 4 4 4 4 4 

3 

2 2 2 2 2 2 


2017 2018 

For Sale Sold 



CHALLENGER 604/605 

• There were 32 CL604s and 15 CL605s on the market in Q1 2018, representing 

8.8% and 5.2% of the total fleet, respectively. 

• The average asking price of a CL604 in Q1 2018 was US$5M, a 2% decrease 

from Q4 2017; A CL605 was US$12M, decreased 6% from Q4 2017. 

• The average days on market of a CL604 and CL605 were, respectively, 300 

and 269 days. 

• In Q1 2018, there were 10 CL604 transactions, which was the same as in Q4 

2017. In addition, eight CL605 transactions were completed, a decrease from 

nine transactions in Q4 2017. 

BOMBARDIER 

$11.1 


$10.1 

CL605 

$5.1 CL604 

$12.6 

$11.7 

$5.1 $5.0 

SPECS 

Max Range 

Max Speed 


CL604 

4,027 N.M. / 7,458 km 

Mach 0.82 

9 

CL605 

4,000 N.M. / 7,408 km 

Mach 0.82 

9 

65 


69 

66 

62 

53 52 52 52 

51 50 49 49 47 

5 7 5 

8 8 7 6 6 7 8 7 

3 3 


2017 2018 

For Sale Sold 

7+0+08+0+0 

7+0+06+0+06+0+07+0+03+0+08+0+08+0+05+0 

0+47+00+49+00+52+0 

0+50+00+49+00+51+00+52+00+52+00+53+00+62+00+66 

3+0+0 

FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

2018 Q1 2017 Q4 

32 (8.8%) 33 (9.1%) 

5.0M USD 5.1M USD 

300 300 

2018 Q1 2017 Q4 

42 

10 

39 

10 

2018 Q1 

15 (5.2%) 

11.7M USD 

269 

2018 Q1 

33 

8 

2017 Q4 

17 (5.9%) 

12.6M USD 

194 

2017 Q4 

35 

9 

CHALLENGER 850 

$9.0 



$7.2 $7.2 

9 10 10 10 

7 7 7 7 7 7 7 6 6 

1 1 1 

2 


2017 2018 

Sold 

For Sale 

0+0+0 0+0+0 2+0+00+0+00+0+01+0+00+0+00+0+00+0+00+0 

0+10+0 0+10+0 0+10+0 0+9+00+6+00+6+00+7+00+7+0 0+0+0 

7+0 0+7+0 0+7+0 0+7+0 

• There were 10 CL850s on the market, with 69 operating worldwide, representing 

14.5% of the total active fleet. 

• The average asking price in Q1 2018 was US$7.2M. 

• The average days on market of a CL850 in Q1 2018 was 667 days, decreased 

from 664 days in Q4 2017. 

• In Q1 2018, there were no transactions, down from two transactions in the 

previous quarter. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

2,811 N.M. / 5,206 km 

Mach 0.80 

14 

2018 Q1 

10 (14.5%) 

7.2M USD 

677 

2018 Q1 

4 

0 

2017 Q4 

9 (12.9%) 

7.2M USD 

664 

2017 Q4 

5 

2 




GLOBAL 5000 

• There were 14 Global 5000s for sale in Q1 2018, with 218 operating worldwide, 

representing 6.4% of the total active fleet; an increase from 16 in Q4 2017. 

• The average asking price in Q1 2018 was US$17.8M, remained stable compare 

to Q4 2017. 

• The asking prices ranged from US$8.5M to US$29.5M. 

• The average days on market was 274 days, decreased from 497 days in Q4 

2017. 

• Similar to Q4 2017, there were five Global 5000 transactions in Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

5,200 N.M. / 9,630 km 

Mach 0.89 

13 

2018 Q1 

14 (6.4%) 

17.8M USD 

274 

2018 Q1 

16 

5 

2017 Q4 

16 (7.3%) 

17.8M USD 

497 

2017 Q4 

14 

5 

$20.5 

17 

25 



17 

18 

20 19 

18 

17 16 16 

3 

3 

1 1 1 

1 1 

1+0+03+0+01+0+00+0+03+0+01+0+00+0+01+0+01+0+0 

0+16+0 0+16+00+17+00+18+00+19+00+20+00+18+00+17+00+25+00+17+0 

1+0+0 

$17.8 

18 

$17.2 

15 

$17.8 

14 

1 2 1 2 

1+0+02+0+0 

0+14+00+15+00+18+0 

2+0+0 

BOMBARDIER 


2017 2018 

Sold 

For Sale 

GLOBAL 6000 

• There were 15 Global 6000s on the market in Q1 2018, with 257 operating 

worldwide, representing 5.8% of the total active fleet. 

• The average asking price of a Global 6000 in Q1 2018 was US$34.7M, 

increased 1% from US$34.4M in Q4 2017. 

• The asking prices ranged from US$28.5M to US$48M. 

• The average days on market for sale of a Global 6000 was 208 days, increased 


• In Q1 2018, there were no transactions, down from two transactions in Q4 

2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

6,000 N.M. / 11,112 km 

Mach 0.88 

13 

2018 Q1 

15 (5.8%) 

36.3M USD 

208 

2018 Q1 

13 

0 

2017 Q4 

10 (4.0%) 

38.0M USD 

198 

2017 Q4 

15 

2 

$36.6 



$41.8 

$28.5 

$38.0 

12 13 14 15 15 

12 

10 10 9 9 10 10 10 

2 3 

4 

1 1 1 1 

$36.3 


2017 2018 

Sold 

For Sale 

0+0+0 0+0+01+0+01+0+04+0+01+0+03+0+01+0+02+0+00+0+00+0+0 

0+15+0 0+15+0 0+10+0 0+10+00+9+00+9+00+10+00+10+00+14+00+12+00+13+00+12+0 

0+0+0 




DASSAULT 

FALCON 900DX/EX/EX EASy/LX 

$25.0 

$16.0 

$11.5 

$8.0 

34 

32 


F900LX 

F900DX 

$8.8 

35 

$14.7 


30 

F900EX EASy 

$13.0 

29 28 

$21.0 

$18.3 

F900EX $6.3 $6.4 

26 25 26 26 

23 24 25 

3 4 4 

1 2 2 1 2 2 1 

$20.8 

$17.4 

$11.5 


2017 2018 

Sold 

For Sale 

1+0+0 2+0+04+0+01+0+04+0+02+0+00+0+02+0+03+0 

0+26+0 0+26+00+25+0 

0+24+00+25+00+23+00+26+00+28+00+29+00+30+00+35 

0+0+0 

• There were 26 Falcon 900 series aircraft available on market for sale, including one 

Falcon 900DX, 21 Falcon 900EX/EASy and four Falcon 900LX aircraft. The inventory 

level remains stable, compared to that of Q4 2017. 

• The average asking prices for a Falcon 900EX and 900EX EASy were US$6.4M and 

US$18.1M; the average asking price for a Falcon 900LX was US$ 20.8M, remaining 

steady from Q4 2017 which had an asking price of US$ 21M. 

• The average days on market for the Falcon 900 series was 266 days, decreasing 

from 284 days in Q4 2017. This is attributed to various factors, including the number 

of new aircraft entering the market, as well as several aircraft are being sold while 

“off” market. 

• In Q1 2018, there were three Falcon 900 series aircraft transactions, which is less 

than that of Q4 2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

F900DX 

4,100 N.M. / 4,500 N.M. / 4,500 N.M. / 4,750 N.M. / 

7,593 km 8,334 km 8,334 km 8,800 km 

Mach 0.83 

12 

Reporting quarter vs. Previous quarter 

Q1 | Q4 

1 | 2 

11.5M USD | 

11.5M USD 

877 | 443 

Q1 | Q4 

1 | 0 

1 | 0 

F900EX 

Mach 0.83 

12 

Q1 | Q4 

11 | 9 

6.4M USD | 

6.3M USD 

272 | 256 

Q1 | Q4 

Q1 | Q4 

10 | 7 


12 | 11 

1 | 5 

F900EX EASy 

Mach 0.83 

12 

17.4M USD | 

18.3M USD 

191 | 173 

Q1 | Q4 

2 | 4 

0 | 0 

F900LX 

Mach 0.83 

12 

Q1 | Q4 

4 | 6 

20.8M USD | 

21.0M USD 

432 | 350 

Q1 | Q4 

6 | 5 

1 | 2 

FALCON 2000LX/LXS/S 

$27.9 

$16.2 

16 

FALCON 2000LXS 

MAKE 

OFFER 

19 


19 

$19.0 


FALCON 2000S 

$17.5 

FALCON 2000LX 

$12.4 

$27.9 

$19.0 

$13.4 

$27.9 

$19.4 

$14.6 

16 

14 13 

11 10 10 11 10 

8 8 

4 

2 3 

1 2 

2 1 1 1 2 


2017 2018 

Sold 

For Sale 

1+0+0 1+0+02+0+03+0+04+0+02+0+01+0+02+0+00+0 

0+10+00+11+00+10+0 

0+8+0 0+8+00+10+00+11+00+13+00+14+00+16+00+19 

2+0+0 

• There were 10 Falcon 2000 series aircraft on the market for sale, including three 

Falcon 2000LX, two Falcon 2000LXS and five Falcon 2000S aircraft, which is similar 

to inventory levels in Q4 2017. 

• The average asking price for a Falcon 2000LX was US$14.6M; the average asking 

prices for a Falcon 2000LXS was US$ 27.9M; and the average asking prices for a 

Falcon 2000S was US$19.4M. 

• The average days on market for a Falcon 2000 series aircraft mentioned here was 

88 days in Q1 2018, decreasing from 95 days in Q4 2017. 

• In Q1 2018, there were four transactions of the Falcon 2000 series aircraft, considerably 

less than the number in Q4 2017 (six transactions). 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for sale 



SOLD 


Past 3 Months 

2000LX 

4,000 N.M. / 

Mach 0.83 

10 


Q1 | Q4 

3 | 4 

14.6M USD | 

13.4M USD 

127 | 104 


Q1 | Q4 

Q1 | Q4 

18 | 17 

3 | 6 

2000LXS 

4,000 N.M. / 

Mach 0.83 

10 

Q1 | Q4 

2 | 1 

27.9M USD | 

27.9M USD 

51 | 68 

1 | 0 

1 | 0 

2000S 

3,350 N.M. / 

7,408 km 7,408 km 6,208 km 

Mach 0.83 

10 

Q1 | Q4 

5 | 3 

19.4M USD | 

19.0M USD 

79 | 92 

Q1 | Q4 

0 | 15 

0 | 0 




FALCON 7X 

• There were 22 Falcon 7X aircraft on the market for sale in Q1 2018. The 

inventory level has been decreasing over the past year. Most 7Xs available for 

sale were manufactured in 2013 and 2012, which account for 41% and 23%, 

respectively, of the for-sale fleet. 

• The average asking price for a 7X in Q1 2018 was around US$25.8M, 

increased by 1.5% from Q4 2017. 

• The average days on market for sale in Q1 2018 was around 257 days, which 

decreased from 300 days in Q3 2017. 

• In Q1 2018, there were eight Falcon 7X transactions, indicating an active preowned 

market at the beginning of the year. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



5,950 N.M. / 11,018 km 

Mach 0.90 

12 

2018 Q1 

22 (8.0%) 

25.8M USD 

257 

2017 Q4 

25 (9.2%) 

26.6M USD 

300 

$27.3 

31 30 31 31 

28 

26 

3 

1 2 2 

$24.9 

$26.6 

24 24 25 25 24 25 

$25.8 

22 

DASSAULT 

SOLD 


Past 3 Months 

2018 Q1 

22 

8 

2017 Q4 

17 

7 



4 4 

2 2 2 

1 


2+0+04+0+0 

1+0+04+0+02+0+00+0+02+0+02+0+03+0+00+0+00+0+01+0+0 

0+22+00+25+00+24+0 

0+25+0 0+25+00+24+00+24+00+26+00+28+00+31+00+31+00+30+00+31+0 

2+0+0 

2017 2018 

Sold 

For Sale 

OUR INVENTORY 

2010 FALCON 7X 

OFF MARKET FOR SALE 

AIRCRAFT HIGHLIGHT 

• Engine Enrolled on Honeywell ESP Gold 

• APU Enrolled on Honeywell MSP Gold 

• 12 Passengers Configuration, Fwd / Aft Lavatory 

• Part 135, CPDLC, FANS 1A Compliance 

• ADSB-Out 

• EASy II Avionic Suite 

• HUD & EVS 

• Honeywell LSS-860 Lightning Sensor System 

AVIONICS 

• Standard FLY-BY-WIRE (FBW) 2.3.1 

• HUD, CVR ,EVS & EVAS 

• Honeywell LSS-860 Lightning Sensor System 

• PWC Monitoring Data Collection Transmission Unit 

• Three (3) Honeywell VHF COMM 

• Two (2) Honeywell VHF NAV 

• Two (2) Honeywell DF-855 ADF 

• Two (2) Honeywell DM-855 DME 

• Two (2) Honeywell KHF-1050 HF COMM 

• Two (2) Honeywell GPS-90X GPS 

• Two (2) Honeywell XS-857A Transponder 

• Honeywell WU-880 Weather Radar 

• Two (2) Honeywell KRA-405B Radio Altimeter 

• Single (1) ACSS TCAS 3000 

• Single (1) Honeywell RESCU 406AF ELT 

• Single (1) Honeywell MK V EGPW 


INTERIOR 

• 12 Passenger Configuration 

• 17 inches Fwd LCD Monitor 

• 17 inches Aft Bulkhead LCD Monitor 

• Galley Pocket / Sliding Door 

• Aft Cabin Tracking CurtainTwo (2) 

• 30 inches Fwd RH Lavatory 

• LH 43 inches & 71 inches RH Galley / Bar Area 

• Four (4) 20 inches Individual Seats w/ Electrical 

Lumbar 

• Retractable Dining / Conference Table 

ASKING PRICE: 

CALL FOR PRICING 

sales@asianskygroup.com +852 2235 9222 

File Photo 



LINEAGE 1000/E 

EMBRAER 

$30.0 



$25.1 

$28.0 

• There were seven Lineage 1000s on market in 2018 Q1, with 29 delivered 

aircraft in the fleet, representing 24.1% of the total active fleet. The inventory 

level remained the same as Q4 2017. 

• The average asking price of the Lineage 1000 in Q1 2018 was US$27.4M; the 

same as Q4 2017. 

• The asking price range in 2018 Q1 was US$18.5M to US$37.9M. 

• The average days on market of the Lineage 1000 was 808 days, increased 9% 


• In Q1 2018, there was one transaction, up from zero in Q4 2017. 

$27.4 

$27.4 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



Lineage 1000 

4,400 N.M. / 8,149 km 

Mach 0.82 

19 

2018 Q1 

7 (24.1%) 

27.4M USD 

808 

2017 Q4 

7 (24.1%) 

27.4M USD 

744 

Lineage 1000E 

4,600 N.M. / 8,520 km 

Mach 0.82 

19 

6 6 7 7 7 7 7 7 7 7 7 

8 

7 


2017 2018 

Sold 

For Sale 

1 

SOLD 


Past 3 Months 

2018 Q1 

1 

1 

2017 Q4 

0 

0 

0+0+0 0+0+0 1+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0 

0+0+0 0+0+0 0+0+0 

0+8+0 0+7+00+ 

7+00+7+00+7+00+7+00+7+00+7+00+6 

0+7+0 




LEGACY 600/650 

• There were seven Legacy 650s and 13 Legacy 600s on the market for sale, with 96 and 

174 operating worldwide. This number represents 7.3% and 7.5%, respectively, of the 

total active fleet. The inventory level of the Legacy 650 and 600s remained relatively 

stable compared to that of Q4 2017. 

• The average asking prices of the Legacy 650 in Q1 2018 was US$11.5M, decreased 4% 

from US$12.0M in Q4 2017; the average asking prices of the Legacy 600 in Q1 2018 

was US$6.8M, similar to that of Q4 2017. 

• The asking price of the Legacy 650 ranged from US$9.95M to US$15M, while the 

asking price of a Legacy 600 ranged from US$5.2M to US$9.5M. 

• The average days on market for sale of the Legacy 650 and Legacy 600 were 551 days 

and 312 days, respectively. The Legacy 650 increased by 12% from 279 in Q4 2017 to 

312 in Q1 2018; the Legacy 600 increased by 4% from 529 in Q4 2017 to 551 days in Q1 

2018. 

• In Q1 2018, there were two transactions of the Legacy 650, increased from one transaction 

in Q4 2017; there were three transactions of the Legacy 600, decreased from 

eight transactions in Q4 2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

Legacy 600 

3,400 N.M. / 6,297 km 

Mach 0.80 

13 

2018 Q1 2017 Q4 

13 (7.5%) 

6.8M USD 

551 

17 

3 

14 (8.0%) 

7.1M USD 

529 

2018 Q1 2017 Q4 

18 

8 

Legacy 650 

3,640 N.M. / 7,112 km 

Mach 0.80 

13 

2018 Q1 

7 (7.3%) 


312 

2018 Q1 

5 

2 

2017 Q4 

8 (8.4%) 

279 

2017 Q4 

7 

1 

$14.6 

$8.0 

42 

40 



41 

36 

Legacy 650 

Legacy 600 

33 

29 30 

$12.0 

$7.2 

24 23 22 22 

24 

$11.5 

$6.8 

4 3 5 

1 1 1 1 3 

5 3 

1 1 


2017 2018 

For Sale Sold 

20 

5+0+03+0+01+0+01+0+01+0+01+0+03+0+00+0+04+0+01+0+0 

0+20+00+24+0 

1+0+0 

0+22+0+22+0 0+23+0 0+24+0 0+30+0 0+29+0 0+33+0 0+36+0 0+41+0 0+40+0 0+42+0 

EMBRAER 

AIRCRAFT SALES 

& ACQUISITIONS 

AIRCRAFT ACQUISITION & MARKETING 

ASIAN SKY GROUP will manage the process of acquiring 

an aircraft on your behalf. ASG will research, compare, 

recommend and locate the most suitable aircraft 

available, assisting in every detail throughout the 

purchasing process of such aircraft and in the 

negotiation of any contractual matter. 

WE CAN ASSIST WITH SELECTION OF: 

Aircraft 

Asset Financing 

Ownership Structure 

Registration 

Operator 

AIRCRAFT INSPECTION & APPRAISALS 

ASIAN SKY GROUP will conduct aircraft pre-purchase 

inspections and market value appraisals by 

coordinating the scheduling work and professionally 

reviewing opinions regarding inspections or fair market 

value assessments. 

For more information contact our sales team 

Email: sales@asianskygroup.com 

Tel: +852 2235 9222 

YOUR BUSINESS AVIATION PARTNER IN ASIA 




G200 & G280 

$16.2 

$5.2 

37 

34 



G280 

G200 

$16.0 

$4.9 

37 

38 

34 33 34 33 

40 

34 34 

29 30 

$14.0 

$4.6 

6 5 6 

3 4 5 

6 

3 4 

2 

3 

1 1 


2017 2018 

Sold 

For Sale 

1+0+06+0+0 

1+0+02+0+04+0+03+0+05+0+04+0+06+0+03+0 

0+34+00+40+00+33+0 

0+34+00+38+00+30+00+29+00+34+00+33+00+37+00+34 

3+0+0 

• There were 32 G200 on market in Q1 2018, accounting for 13.0% of the total 

fleet. The inventory level is 1% higher than Q4 2017. 

• The average asking price for a G200 in Q1 2018 was US$4.6M, a minor 

decrease compare to US$4.9M in Q4 2017. 

• The average days on market of the G200 in Q4 2017 was 253 days. 

• There were two G280s on market, accounting for 1.9% of the total fleet. The 

inventory level has remained the same compared to Q4 2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

G200 

3,050 N.M. / 5,651km 

Mach 0.81 

8 

2018 Q1 2017 Q4 

32 (13.0%) 

4.6M USD 

253 

2018 Q1 2017 Q4 

40 43 

9 

32 (13.0%) 

4.9M USD 

274 

7 

G280 

3,600 N.M. / 6,667 km 

Mach 0.84 

8 

2018 Q1 

2 (1.9%) 


301 

2018 Q1 

3 

1 

2017 Q4 

2 (1.7%) 

371 

2017 Q4 

2 

0 

GULFSTREAM 

G450 

$16.7 

27 

5 

25 



2 

34 

7 

33 

1 

36 

4 

34 

2 

32 

6 

29 

27 

$13.8 

24 

27 

21 21 

2 3 

1 2 2 2 


2017 2018 

Sold 

For Sale 

2+0+0 3+0+01+0+02+0+06+0+02+0+04+0+01+0+07+0 

0+21+0 0+21+00+28+0 

0+24+00+27+00+29+00+32+00+34+00+36+00+33+00+34 

2+0+0 

$15.2 SPECS 

Max Range 

• There were 21 G450s on market for sale in Q1 2018, representing 5.9% of the 

total fleet. The inventory level has decreased since Q4 2017. 

• The average asking price of a G450 in Q4 2017 was US$14.7M, 5.8% higher 

than that of Q4 2017. 

• The average days on market in Q4 2017 was 355 days. 

• In Q1 2018 there were six G450s sold, with transaction levels lower than that 

of Q4, showing signs of stabilization after a period of high transaction activity. 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

34 

6 

4,350 N.M. / 8,056 km 

Mach 0.85 

13 

2018 Q1 2017 Q4 

21 (5.9%) 


355 

24 (6.8%) 

330 

2018 Q1 2017 Q4 

38 

6 




G550 

• There were 19 G550s on market in Q1 2018. The inventory level has been 

decreasing in the past year, with a 21% decrease compared to Q4 2017. 

• The average asking price for a G550 in Q1 2018 was around US$23.3M, 

decreasing 3.1% from Q4 2017. 

• In Q1 2018, the average days on market for sale was around 257 days, which 

is on the same level compare to Q4 2017. 

• In Q1 2018, there were six G550 transactions, reflecting a slower pre-owned 

market at the beginning of the year. Transaction activity decreased by 57% 

compared to Q4 2017. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

6,750 N.M. / 12,501 km 

Mach 0.87 

18 

2018 Q1 2017 Q4 

19 (3.5%) 


257 

41 

6 

24 (4.4%) 

258 

2018 Q1 2017 Q4 

44 

14 

$24.8 

37 37 



38 

35 

$22.8 

35 34 

31 

$23.9 

1+0+03+0+0 

0+19+00+17+00+22+0 

2+0+0 

$23.3 

7 

5 5 5 

3 4 

2 2 2 3 3 

1 2 


28 

24 

24 

22 

17 

19 

2017 2018 

Sold 

For Sale 

G650 & G650 ER 

• There were 12 G650/650ER series aircraft available on market in 2018 Q1. 

Reduced from 17 aircraft in 2017 Q4. The major driver of this reduction was 

the six aircraft sold in Q1 2018. 

• The average asking prices for the G650/650ER models were US$56.9M and 

US$62.8M. 

• The average days on market for the G650/650ER series was 315 days and 369 

days each, decreasing from 388 and 372 days in Q4 2017. 

• In Q1 2018, there were five G650 series aircraft transactions. There was one 

G650ER transaction in Q1 2018, with none in the previous quarter. 

5+0+0 5+0+0 5+0+03+0+02+0+07+0+02+0+02+0+03+0+0 

0+24+0 0+24+00+28+00+31+00+34+00+35+00+35+00+38+00+37+00+37+0 

4+0+0 

GULFSTREAM 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



G650 

7,000 N.M. / 12,964 km 

Mach 0.90 

18 

2018 Q1 2017 Q4 

7 (3.5%) 


315 

9 (4.8%) 

388 

G650ER 

7,500 N.M. / 13,890 km 

Mach 0.90 

18 

2018 Q1 

5 (5.8%) 

62.8M USD 

369 

2017 Q4 

8 (10.0%) 

65.2M USD 

372 

$61.8 

$54.9 

$57.2 

$65.2 

$56.6 

19 

17 18 

18 

15 16 

16 16 17 

15 

13 12 12 

2+0+0 1+0+04+0+00+0+00+0+01+0+01+0+00+0+00+0+02+0+01+0+0 

0+12+0 0+12+00+15+0 

0+17+00+18+00+16+00+16+00+18+00+19+00+17+00+16+00+15+00+13+0 

2+0+0 

$62.8 

$56.9 

SOLD 


Past 3 Months 

2018 Q1 2017 Q4 

14 

5 

12 

5 

2018 Q1 

1 

1 

2017 Q4 

0 

0 



1 

2 4 

1 1 1 2 2 2 


2017 2018 

Sold 

For Sale 




BUSINESS JETS 

• APAC Market Overview 

• Market Trends 

• Operator Profiles 

• Aircraft Spotlight: 

Gulfstream G500 

SPECIAL FEATURES 

• Operator Overview 

• OEM Overview 

• Greater China Market 


• APAC Market Overview 

• Market Trends 

• Operator Profiles 

• Aircraft Spotlight: 

Airbus H225 

SPECIAL FEATURES 

• Greater China Market 

• APAC Offshore & 

Leasing Market 

• EMS Helicopter Market 

Asian Sky Media has released its most anticipated reports of the year: 

the Asia-Pacific Region Civil Helicopter Fleet Report, and Business 

Jet Fleet Report, featuring all new content from aircraft spotlights to 

interviews. 

Read More on 

www.asianskymedia.com 

Asian Sky Media 

WeChat


ASIAN SKY FLEET REPORT – ASIA PACIFIC REGION CIVIL HELICOPTERS 


ASIA PACIFIC REGION 


Sponsored by 

NOW AVAILABLE

AIRCRAFT POSITIONING 


Aircraft Acquisition Price vs Maximum Range 

8.00 

HEAVY 

(SUPER) MEDIUM 

LIGHT TWIN 

SINGLE TURBINE 

PISTON 

AC313* 

S-92 

H225 

AS332 L1E 

4.00 

AW189 

H175 

BELL 412EPI 

AW139 

S-76C++ 

S-76D 

H155 

AC312* 

MD 520N 

MD 530F 

H145 

MD 902 

H135(T3) 

H130 

BELL 407 

BELL 206L4 

MD 500E 

BELL 430 

AW169 

BELL 429 

H135(P3) 

BELL 407GXP 

H125 

AC311* 

H120 

MD 600N 

EC145 

AW 109 GN 

AW109 POWER 

AW119KX 

2.00 

1.00 

0.50 

0.25 

200 

250 

300 

350 

400 

450 

500 

550 

600 

650 

700 

750 

AIRCRAFT ACQUISTION PRICE (MILLION USD) 

S-333 

EN480B 

R66 

R44 RAVEN II 

R22 BETA II 

MAX RANGE (N.M.) 

* The estimated total yearly cost is based on aircraft ownership cost for 10 years including financing, plus yearly operating cost and regional adjustments. 

Source: Conklin & de Decker 2017 


MARKET SUMMARY PER MODEL — CIVIL HELICOPTERS 

INVENTORY LEVEL, PRICE TREND & TRANSACTIONS 

EC135T2 & P2 

• For the EC135 T2 model, the overall inventory level of the market increased 

from three in Q4 2017 to six in Q1 2018, accounting for 4.2% of the overall 

fleet in operation. 

• For the EC135 P2 model, inventory level of the market remained at 11 in Q1 

2018, accounting for 7.2% of the overall fleet in operation. 

• Average asking price increased from US$2.3M in Q4 2017 to US$2.4M in Q1 

2018 for T2, awhile the SP model’s asking price decreased from US$2.7M in 

Q4 2017 to US$2.6M in Q1 2018. 

• There was one EC135 T2 transaction and no EC135 P2 transactions in Q1 

2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

EC135T2 

332 N.M. / 614 km 

127 Knots 

6 

2018 Q1 2017 Q4 

6 (4.2%) 

2.4M USD 

533 

1 

1 

3 (2.1%) 

2.3M USD 

939 

2018 Q1 2017 Q4 

1 

0 

EC135P2 

332 N.M. / 614 km 

127 Knots 

6 

2018 Q1 

11 (7.2%) 

2.6M USD 

899 

2018 Q1 

0 

0 

2017 Q4 

11 (7.2%) 

2.7M USD 

827 

2017 Q4 

2 

0 

$2.6 

$1.8 

16 

14 


EC135P2 

EC135T2 


14 

11 12 

MARKET SUMMARY -- HELICOPTERS 

11 11 

$2.7 

$2.6 

$2.3 $2.4 

14 14 14 15 15 


2017 2018 

Sold 

For Sale 

17 

1 

0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+00+0 

0+0+0 0+0+0 

0+17+00+15+00+15+0 

0+14+0 0+14+0 0+14+00+11+00+11+00+12+00+11+00+14+00+14+00+16+0 

1+0+0 


2006 EC135P2 SN0437 

875 HOURS SINCE NEW 

2,483 LANDINGS SINCE NEW 


• VIP Configuration 

• Air Conditioning 

• Pop-Out Floats 

• Emergency Locator Transmitter 

• Auto Pilot (SAS) 

• Dual Pilot Controls 

• SP/DP IFR 

• No Damage History 

AIRBUS 

AVIONICS 

Dual Pilot IFR Solution 7, comprising: 

• One (1) MEGHAS Flight Control Display 

System(FCDS) Dual 

• One (1) Honeywell HF KTR 993 Tranceiver 

• Two (2) Honeywell KTR 908 VHF AM Transceiver 

• One (1) Honeywell KFS 594 HF Control Unit 

• Two (2) Honeywell KFS 598AVHF AM Control 

• Two (2) Thales ADU 3000 Air Data 

• One (1) Becker Avionic IC 3100 Flight Control Display 

(FCD) Intercom 

• Two (2) Thales Module 

• Two (2) Honeywell KNR 634A NAV Receiver 

• One (1) Honeywell ADF DF 431B Receiver 

• One (1) Honeywell DM44AB DME Transceiver 


INTERIOR 

• Covers for Sliding Door Fairing LH & RH 

• Map Case in Sliding Doors LH & RH 

• Variable Tie-down Web for Luggage Securing 

• Cabin/Cargo Compartment Separation Wall with 

Smoke Detector in Cargo Compartment 

• Enhanced Soundproofing Kit 

• VIP Pilot and Co-pilot Seats instead of Stantard 

Crew Seats 

• 4 VIP Passenger Seats (2 front, 2 rear) 

ASKING PRICE: 





EC145 

$4.4 

11 11 



10 

9 

1 1 1 2 

$5.0 

8 9 9 9 9 9 8 9 8 

$3.8 


2017 2018 

Sold 

For Sale 

0+0+0 0+0+0 0+0+02+0+01+0+00+0+01+0 

0+9+0 0+9+0 0+9+0 0+9+0 0+9+00+8+00+9+00+10 

0+0+0 

0+0+0 0+0+0 0+8+00+9+00+8+0 

0+0+0 

• The overall inventory level of the market decreased from nine in Q4 2017 to 

eight in Q1 2018, accounting for 1.0% of the overall fleet in operation. 

• Average days on market decreased from 430 in Q4 2017 to 399 in Q1 2018, 

due to new aircraft entering the market. 

• Average asking price decreased from US$5.0M in Q4 2017 to US$3.8M in Q1 

2018. 

• There were no transactions in Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

461 N.M. / 855 km 

131 Knots 

9 

2018 Q1 

8 (1.0%) 

3.8M USD 

430 

2018 Q1 

5 

0 

2017 Q4 

9 (1.2%) 

5.0M USD 

399 

2017 Q4 

6 

0 

EC155B & H155 

AIRBUS 

$3.5 

$3.3 

24 24 

24 

+0 0+0+0 0+0+0 



22 

H155 

EC155B 

21 22 23 

0+0+0 0+0+0 0+0+01+0+00+0+00+0+00+0+00+0+00 

0+24+00+19+00+20+00+22+00+22+00+21+00+22+00+24 

0+0+0 

24 

22 22 

20 20 

0+20+0 0+22+0 0+23+0 

EC155B 

• The overall inventory level of the market remained at 8 in Q1 2018, accounting 

for 28.6% of the overall fleet in operation. Average days on market 

increased from 878 in Q4 2017 to 992 in Q1 2018. Average asking price 

dropped from US$3.3M in Q4 2017 to US$2.0M in Q1 of 2018. There were no 

transactions in Q1 2018. 

H155 

• The overall inventory level of the market remained at 12 in Q1 2018, 

accounting for 8.4% of the overall fleet in operation. Average days on market 

increased from 647 in Q4 2017 to 730 in Q1 2018. Average asking price 

increased from US$4.8M in Q4 2017 to US$5.6M in Q1 2018. There were no 

transaction in Q1 2018. 


2017 2018 

Sold 

For Sale 

19 

$4.8 

$3.3 

$5.6 

$2.0 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



EC155B 

516 N.M. / 955 km 

135 Knots 

13 

2018 Q1 2017 Q4 

8 (28.6%) 

2.0M USD 

992 

11 (36.7%) 

3.3M USD 

878 

H155 

516 N.M. / 955 km 

150 Knots 

13 

2018 Q1 

12 (8.4%) 

5.6M USD 

730 

2017 Q4 

13 (9.1%) 

4.8M USD 

647 

1 

SOLD 


Past 3 Months 

2018 Q1 2017 Q4 

0 

0 

0 

0 

2018 Q1 

1 

0 

2017 Q4 

3 

1 




AS332L1 & H225 

AS332L1 

• The overall inventory level of the market was three, accounting for 4.5% of the 

overall fleet in operation. Average days on market increased from 849 in Q4 

2017 to 1020 in Q1 2018. Average asking price dropped from US$8.5M in Q4 

2017 to US$4.0M in Q1 2018. There were no transactions in Q1 2018. 

H225 

• The overall inventory level of the market remained at 15, accounting for 9.0% 

of the overall fleet in operation. Average days on market increased from 394 

in Q4 2017 to 436 in Q1 2018. Average asking price decreased from US$25.8M 

in Q4 2017 to US$19M in Q1 2018. There was one transaction in Q1 2018. 

SPECS 

Max Range 

Max Speed 


AS332L1 

452 N.M. / 837 km 

142 Knots 

19 

H225 

452 N.M. / 837 km 

142 Knots 

19 

$25.8 

H225 

$8.5 $8.5 

12 12 

12 

15 

AS332L1 

14 

16 16 

$22.4 

$19.0 

$4.0 

FOR SALE 

No. for Sale 



2018 Q1 2017 Q4 

3 (4.5%) 

4.0M USD 

1020 

4 (6.0%) 

8.5M USD 

849 

2018 Q1 

15 (9.0%) 

19.0M USD 

436 

SOLD 


Past 3 Months 

2018 Q1 2017 Q4 

0 0 

0 

0 

2018 Q1 

1 

1 

2017 Q4 

14 (8.4%) 

25.8M USD 

394 

2017 Q4 

0 

0 



18 18 18 18 19 18 


2017 2018 

For Sale Sold 

1 

1+0+00+0+00+0+00+0+00+0+00+0+00+0+00+0+00+0+00+0 

0+0+0 0+0+0 

0+18+00+19+0 0+18+0 0+18+0 0+18+00+16+00+16+00+14+00+15+00+12+00+12+00+12+0 

0+0+0 

AIRBUS 




BELL 412EP/412HP 

Bell 412EP 

• Inventory level decreased from 30 in Q4 2017 to 29 in Q1 2018, accounting for 

5.3% of the overall fleet in operation. Average days on market increased from 

453 in Q4 2017 to 547 in Q1 2018. Average asking price decreased slightly 

from US$5.2M in Q4 2017 to US$4.9M in Q1 2018. There were four transactions 

during Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



Bell 412EP 

356 N.M. / 659 km 

140 Knots 

9 

Bell 412HP 

349 N.M. / 646 km 

133 Knots 

14 

6 

1 2 1 

SOLD 


Past 3 Months 

4+0+01+0+0 

2+0+06+0+01+0+03+0+01+0+00+0+01+0+01+0 

0+32+00+33+0 0+33+00+35+00+37+00+36+00+36+00+29+00+33+00+28 

0+0+0 

FEATURED AIRCRAFT 

BELL 429 

2008 EC155B1 SN6825 

• The overall inventory level of the market decreased from 17 in Q4 2017 to 16 

in Q1 2018, accounting for 5.1% of the overall fleet in operation. 

• Average days on market increased from 314 in Q4 2017 to 343 in Q1 2018. 

• Average asking price remained at US$5.4M in Q1 2018. 

• There were four transactions in Q1 2018. 

BELL 

$5.5 

$3.5 

23 

$5.4 

Bell 412HP 

• The overall inventory level of the market remained at three in Q1 2018, 

accounting for 4.9% of the overall fleet in operation. Average days on market 

decreased from 187 in Q4 2017 to 282 in Q1 2018. Average asking price 

remained at US$3.0M in Q1 2018. There was one transaction in Q1 2018. 

25 

12 12 


$5.8 

BELL 412EP 

BELL 412HP 


33 

28 29 

2018 Q1 2017 Q4 

29 (5.3%) 

4.9M USD 

547 

30 (5.4%) 

5.2M USD 

453 

2018 Q1 

3 (4.9%) 

3.0M USD 

282 

2017 Q4 

3 (4.9%) 

3.0M USD 

187 

3 

1 

1 

36 36 37 

1 

3 

35 

$5.2 

33 33 33 32 

4 

$4.9 

$3.0 $3.0 


2017 2018 

Sold 

For Sale 

2018 Q1 2017 Q4 

18 16 

4 

8 

2018 Q1 

5 

1 

2017 Q4 

4 

1 


$5.5 


$5.3 

$5.4 

15 16 16 17 17 17 

15 15 

16 15 16 

3+0+01+0+0 

0+0+0 0+0+0 0+0+01+0+00+0+01+0+00+0+00+0 

0+16+00+15+00+16+0 

0+17+0 0+17+0 0+17+00+15+00+15+00+16+00+16+00+15 

0+0+0 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



368 N.M. / 681 km 

130 Knots 

7 

2018 Q1 

16 (5.1%) 

5.4M USD 

343 

2017 Q4 

17 (5.6%) 

5.3M USD 

314 

1 1 1 1 


2017 2018 

Sold 

For Sale 

3 

SOLD 


Past 3 Months 

2018 Q1 

7 

4 

2017 Q4 

3 

0 




A109E POWER/A109SP GRANDNEW 

• For the AW109E POWER model, the overall inventory level of the market 

decreased from 60 in Q4 2017 to 55 in Q1 2018, accounting for 14.7% of the 

overall fleet in operation. 

• For the AW109E SP model, inventory level of the market decreased from 

nine in Q4 2017 to eight in Q1 2018, accounting for 5.2% of the overall fleet in 

operation. 

• For the POWER Model, the average asking price decreased from US$1.9M in 

Q4 2017 to US$1.7M in Q1 2018. For the SP model, the average asking price 

decreased from US$4.4M USD in Q4 2017 to US$4.3M in Q1 2018. 

• There were nine AW109E POWER transactions and no AW109E SP transactions 

in Q1 2018. 


$4.8 

A109SP GRANDNEW 

$4.3 $4.3 

SPECS 

Max Range 

Max Speed 


A109E Power 

353 N.M. / 654 km 

139 Knots 

7 

A109SP Grandnew 

480 N.M. / 889 km 

130 Knots 

7 

$2.1 $1.9 $1.7 

A109E Power 

FOR SALE 

No. for Sale 



SOLD 


Past 3 Months 

2018 Q1 2017 Q4 

55 (14.7%) 60 (16.1%) 


600 585 

2018 Q1 2017 Q4 

2 

0 

3 

1 

2018 Q1 

8 (5.2%) 

4.3M USD 

562 

2018 Q1 

21 

9 

2017 Q4 

9 (5.9%) 

4.3M USD 

435 

2017 Q4 

21 

3 

58 


62 

61 

66 

66 67 67 

70 71 69 69 

65 

1 2 2 1 3 1 3 5 

1 3 2 


2017 2018 

For Sale Sold 

63 

3+0+01+0+00+0+02+0+03+0+02+0+00+0+02+0+01+0+01+0+0 

0+63+00+65+00+69+00+69+00+71+00+70+00+67+00+67+00+66+00+66+00+61 

0+62+00+58+0 

5+0+0 

AW139 

• The overall inventory level of the market increased from 24 in Q4 2017 to 29 in 

Q1 2018, accounting for 3.5% of the overall fleet in operation. 

• Average days on market decreased slightly from 442 in Q4 2017 to 436 in Q1 

2018. 

• Average asking price decreased from US$7.8M in Q4 2017 to US$7.3M in Q1 

2018. 

• There was one transaction in Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



568 N.M. / 1,052 km 

140 Knots 

15 

2018 Q1 

29 (3.5%) 

7.3M USD 

436 

2017 Q4 

24 (2.9%) 

7.8M USD 

442 

$8.3 


$8.6 


$7.8 

28 28 

26 26 

23 23 24 24 25 24 23 24 

0+0+0 1+0+00+0+00+0+00+0+00+0+00+0+00+0+01+0+00+0+01+0+0 

0+29+00+24+00+23+0 

0+24+00+25+00+24+00+26+00+26+00+28+00+28+00+24+00+23+00+23+0 

0+0+0 

$7.3 

29 

LEONARDO 

SOLD 


Past 3 Months 

2018 Q1 

3 

1 

2017 Q4 

3 

1 

1 1 

1 1 


2017 2018 

Sold 

For Sale 


FRIST FIRST QUARTER 2018 — ASIAN SKY QUARTERLY | 61


S-76C+ / S-76C++ 

S76C+ 

• The overall inventory level of the market dropped from 30 in Q4 2017 to 27 in 

Q1 2018, with the for sale fleet representing 18.6% of the overall fleet. The 

average days on market increased from 732 in Q4 2017 to 802 in Q1 2018.The 

average asking price decreased from US$3.1M in Q4 2017 to US$2.3M in Q1 

2018. There were five transactions during Q1 2018. 

$7.3 

$3.8 

47 


S-76C++ 

S-76C+ 

$4.9 

$3.1 

$6.4 


56 56 

52 

49 49 

51 

53 53 

55 

52 54 53 

5 5 

2 2 1 1 2 

2 

$2.3 


2017 2018 

For Sale Sold 

2+0+05+0+0 

0+0+02+0+00+0+01+0+01+0+00+0+00+0+02+0 

0+53+00+54+00+52+0 

0+56+00+55+00+56+00+53+00+53+00+51+00+52+00+49 

0+0+0 

S76C++ 

• The overall inventory level of the market remained at 26, accounting for 12.4% 

of the overall fleet in operation. Average days on market increased from 453 

days in Q4 2017 to 537 days in Q1 2018. Average asking price increased from 

US$4.9M in Q4 2017 to US$6.4M in Q1 2018. There were two transactions 

during the Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

2017 Q4 

No. for Sale 



SOLD 


Past 3 Months 

S-76C+ 

335 N.M. / 620 km 

155 Knots 

12 

2018 Q1 2017 Q4 

27 (18.6%) 

2.3M USD 

802 

2018 Q1 2017 Q4 

8 

1 

30 (20.7%) 

3.1M USD 

732 

8 

1 

S-76C++ 

335 N.M. / 620 km 

155 Knots 

12 

2018 Q1 

26 (12.4%) 

6.4M USD 

537 

2018 Q1 

6 

2 

2017 Q4 

26 (12.4%) 

4.9M USD 

453 

2017 Q4 

5 

1 


2001 S76C+ SN760521 

10,357 HOURS SINCE NEW 


• Freon Air Conditioning 

• Utility Configured 

• Emergency Pop-Out Floats & Windows 

SIKORSKY 

AVIONICS 

• Honeywell SPZ-7600 DAFCS / Proline II 

• Collins ADF-462 

• Dual Collins VHF-22A Communication Radios 

• Collins DME-42 

• Dual Collins VIR-32 Navigation Radios 

• Dual AHRS 

• GPS Trimble2101 VHF Navigation Radio System 

• Honeywell Primus WL-440 Weather Radar 

• Penny & Giles 2000 CVR/FDR 

• Honeywell EDZ-756 5x6-inch 

• TSO-C113 Integrated Instrument Display System 

• Collins ALT-55B Radio Altimeter 

• LCR-92 Altitude Heading Reference System 


INTERIOR 

• Twelve (12) passenger utility interior with soundproofing. 

Featuring upholstered seating and cabin 

protection flooring. 

ASKING PRICE: 






2005 S76C+ SN760592 

10,357 HOURS SINCE NEW 


• OGP Compliant 

• Enrolled on SBH & PAP 

AVIONICS 

• Primus 440 Weather Radar 

• Penny & Giles Flight Data Recorder (FDR) 

• Penny & Giles Cockpit Voice Recorder (CVR) 

• Penny & Giles Air Data 

• Collins TDR 90 Trasponder Mode A/C 

• BC Goodrich AD1355D w/ JET Standby Power Supply 

• Collins Radio Altimeter 

• Caledonian Airborne Systems CPT-900 Emergency 

Locator Transmitter (ADELT) 

• Dual Life LCR92S AHRS 

• Dukane Underwater Locator Beacon 

• Trimble Free Flight 2101 GPS 

INTERIOR 

• Twelve (12) passenger interior with tan leather seating 

complete with space for two (2) stretchers. 

• Additional accessories include passenger ear 

protectors & HEEL system. 

ASKING PRICE: 



S-92 

• The overall inventory level of the market increased from eight in Q4 2017 to 

nine in Q1 2018, accounting for 3.2% of the overall fleet in operation. 

• Average days on market increased from 524 in Q4 2017 to 557 in Q1 2018. 

• Average asking price decreased from US$16.9M in Q4 2017 to US$16.7M in 

Q1 2018. 

• There was no transaction during Q1 2018. 

SPECS 

Max Range 

Max Speed 


FOR SALE 

No. for Sale 



474 N.M. / 877 km 

155 Knots 

19 

2018 Q1 

9 (3.2%) 

16.7M USD 

557 

2017 Q4 

8 (2.8%) 

16.9M USD 

524 

$16.7 

0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 0+0+0 1+0+0 0+0 

1+0+00+0+0 

0+9+0 0+9+0 0+8+0 0+8+0+7+00+7+00+7+00+7+00+6+00+5+00+5+0 

+0 

SOLD 


Past 3 Months 

2018 Q1 

2 

0 

2017 Q4 

2 

0 

SIKORSKY 


$23.3 

5 5 

1 



$16.9 

6 7 7 7 7 8 8 8 8 9 9 

1 


2017 2018 

Sold 

For Sale 

FIRST QUARTER 2018 — ASIAN SKY QUARTERLY | 630+0+0

OTHER FEATURED AIRCRAFT 

FIXED WING 

MODEL 

Bombardier - Challenger 300 

Bombardier - Challenger 300 

Bombardier - Learjet 60XR 

Bombardier - Learjet 60XR 

Cessna - Citation CJ2 

Cessna - Excel 

Cessna - Citation Sovereign 

Cessna - Citation Sovereign 

Cessna - Citation XLS+ 

Dassault Falcon - 900DX 

Dassault Falcon - 900EX 

Dassault Falcon - 900EX EASy 

Embraer - Phenom 100 

Gulfstream - G200 






YEAR 

2005 

2007 

2010 

2011 

2004 

2001 

2005 

2005 

2011 

2006 

2007 

2008 

2014 

2005 

2007 

2008 

2013 

2013 

2006 

HOURS 

4,759 

4,464 

2,502 

1,163 

3,641 

4,712 

4,823 

2,792 

2,011 

3,460 

3,560 

3,277 

1,354 

3,929 

2,229 

3,309 

1,750 

1,750 

3,120 

PASSENGERS 

8 

8 

6 

8 

6 

8 

8 

10 

8 

16 

11 

14 

4 

9 

9 

9 

14 

14 

18 

ASKING (USD) 

Make Offer 

Make Offer 

3 495 000 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

19 950 000 

19 950 000 

Make Offer 

Call for Pricing 

6 900 000 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

ROTARY 

MODEL 

AgustaWestland - A109E Power 



Airbus Helicopters - EC135 P2+ 

Airbus Helicopters - EC135 P2+ 

Airbus Helicopters - EC135 T2 

Airbus Helicopters - EC135 T2+ 

Airbus Helicopters - EC145 

Sikorsky - S92A 

YEAR 

2002 

2006 

2011 

2015 

2013 

2002 

2009 

2006 

2011 

HOURS 

2,171 

2,915 

1,179 

403 

1,308 

1,950 

1,163 

3,225 

4,128 

CONFIG/PASSENGER 

Utility: 6 

EMS: 6 

EMS: 6 

VIP: 4 

EMS: 5 

VIP: 5 

Utility: 7 

VIP: 8 

Utility: 19 

ASKING (USD) 

Make Offer 

1 595 000 

2 950 000 

Make Offer 

Make Offer 

Make Offer 

Make Offer 

1 950 000 

Make Offer 

For inquiries, please contact sales@asianskygroup.com 

ASIAN SKY CONSULTING 

INDEPENDENT BUSINESS AVIATION CONSULTING SERVICES 

TRANSACTION ADVISORY 

Handle the negotiation, drafting, review and translation of 

any aviation contractual documents to ensure the 

best terms are achieved. 

OPERATION ADVISORY 

Perform invoice analysis, recommend operator structure 

and provide self-management services. 

MARKET RESEARCH & STUDIES 

Perform aviation market research, feasibility studies 

and business planning. 

COMPLETION MANAGEMENT 

Generate the cabin definition, select the facility, handle green 

aircraft delivery, carry out completion oversight and conduct 

aircraft final delivery & compliance 

Please contact our sales team for more information 

E-mail: sales@asianskygroup.com 

Tel: +852 2235 9222 



THE HOME OF PRIVATE AVIATION 

AT THE SPEED OF BUSINESS 

Passion for excellence is our trademark. In everything we do, our goal 

is to meet and surpass your expectations. Our highly trained staff are 

always on hand to ensure your complete satisfaction, both on the ground 

and in the air. Our unrivalled facilities located at Dubai World Central 

guarantee your utmost discretion, comfort and convenience 

every time you fly. 

T: +971 (0)4 870 1800 | www.dc-aviation.ae | An Al-Futtaim Joint Venture 

Al Maktoum International Airport | DWC | Aviation District | Dubai, UAE 


IT RAISES 

THE BAR 

WIDER. 

Get ready to experience the largest, tallest and widest cabin in business aviation. The Falcon 6X has a 5,500 nm (10,186 km) range and a top speed of 

Mach .90. In setting a higher, wider standard, it truly stands alone. Falcon 6X.The roomiest, most productive 5,500 nm you’ll ever experience. 

WWW.DASSAULTFALCON.COM 

BEIJING: +86 10 5696 5200 I HONG KONG: +852 3621 0522 I SHANGHAI: +86 189 1157 7115

Asian Sky Quarterly 2018Q1 ASQ10 EN

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