Charter Report 2023

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EDITOR’S NOTE It would be remiss of me not to begin this Editor’s Note by thanking everybody that voted for Asian Sky Group to win the ‘Best Media’ award at the recent Asian Business Aviation (AsBAA) Gala Awards Dinner. Although we have now won the award five times in a row, each time we have won is as equally as important to us as the first time. The award recognizes our dedication to publishing accurate, verifiable data that helps business leaders like you make timely and accurate business critical decisions. That is the reason why Asian Sky Group began publishing reports and why we will continue to invest in our research. Two weeks before the awards dinner my son had the opportunity to visit me in Hong Kong for the first time. As a 16-year-old, it was also the first time that he had been in Asia. In the taxi on the way to the airport to catch his flight back I asked him what he thought about Hong Kong, and if he liked it. Fortunately, he did, and can’t wait to come back. His answer to why he like it made think for a while though; “It’s just different here,” he said. It might seem like a surly response from a typical 16-year-old, and to be fair to him this conversation did take place at 06:00, but on reflection his response makes perfect sense. Although he lives in Europe, he’s been to the US and Latin America, so coming to Asia was almost like a mini culture shock to him. It is easy for those of us lucky enough to live in Asia to forget that Asia is different to the rest of the world. This is especially noticeable in our industry, where we often group Asia in with the rest of the world. This happens frequently, especially when talking about the health of the industry. But it is, quite frankly, a mistake. It is true that the total Asian-based fleet of business jets make up a small percentage of the global fleet. But unlike most other regions, possibly with the exception of the Middle East, the installed fleet here is more valuable in dollar terms per aircraft than it is elsewhere, thanks to the desire of Asian owners to buy large aircraft. But the Asia market isn’t just different due to the size of its aircraft. The subtle nuances from country to country make the markets here fascinating, and in some cases, almost immune to what is going on outside of the region. Of course, that isn’t always the case, but it was noticeable that due to their geographic size, the business jet markets in some Asian countries recovered from COVID-19 quicker than others. This was mostly because they had large domestic markets that were hungry to travel but weren’t yet able to travel internationally. One of those countries was China, which during COVID-19 saw an influx of new charter clients. They were attracted by the relative safety that flying private offered versus commercial flying, and in some cases the chose to fly private because they had no choice as many commercial airline schedules had been cut. This was not common to China though. Globally we saw a bounce, we saw new charter clients flying private for the first time. But as we began to manage and live with the pandemic, the number of charter clients began to slow down. Some stuck around, others went back to the airlines. This wasn’t the case in China though, where still to this day the country is still seeing a surge of charter enquiries. So many in fact that one of Asia-Pacific’s biggest private jet operators told Asian Sky Group that it doesn’t have enough capacity to keep up with the number of enquiries that it has been getting and could possibly be looking to acquire more aircraft to keep up with demand. That operator was Sino Jet, and you can read more about our conversation with its President Jenny Lau on page 17. Elsewhere in this edition we take a forensic look the Asia-Pacific charter fleet by dissecting the region’s biggest operators, as well as the most popular aircraft types used for charter flights. We also look at the most popular aircraft registries used for the charter fleet, and the most popular OEMs. 3 | ASIA-PACIFIC CHARTER REPORT 2023
PUBLISHER Special features in this edition include a look at the most commonly used charter apps, as well as a dive into the most popular charter routes. Last, but very much not least, we present the results from our charter survey, which asked respondents, amongst other things, if they intended to charter an aircraft in the next 12 months. Spoiler Alert: More than half of all respondents said that they would. As always, we would like to take this opportunity to thank everybody who contributed, no matter how big or small, to the data and production of this report. EDITORIAL & MARKET RESEARCH Alud Davies Bowen Zhang Casper Zhuang Charlie Xu Cynthia Ning Dennis Lau Enoch Chan Qianyun Zhou Samuel Gao Winny Cheng DESIGN Amy Liu-Lhuissier Zoe Xiao ADVERTISING/ENQUIRIES: Alud Davies alud@asianskygroup.com (852) 5600 2747 www.asianskygroup.com Sincerely, Alud Davies Head of Research & Publications Asian Sky Group The materials and information provided by Asian Sky Group in this report are for reference only. While such information was compiled using the best available data as of June 30, 2023, 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. Asian Sky Group 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. Asian Sky Group 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 Asian Sky Group. Asian Sky Group 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 Asian Sky Group endorses the same. ASIA-PACIFIC CHARTER REPORT 2023 | 4
Page 1 and 2: ASIA-PACIFIC REGION 2023 Data & Ana
Page 3: REASONS TO CHOOSE ASIAN SKY GROUP A
Page 7 and 8: Connecting The World to Your Dream
Page 9 and 10: REGIONAL OVERVIEW As of the end of
Page 11 and 12: MARKET OVERVIEW intercontinental ai
Page 13 and 14: AIRCRAFT REGISTRIES AIRCRAFT REGIST
Page 15 and 16: CHARTER OPERATOR OVERVIEW At the en
Page 17 and 18: CHARTER OPERATOR OVERVIEW TOP CHART
Page 19 and 20: SPONSORED CONTENT According to Lau,
Page 21 and 22: CHARTER SURVEY FACTORS CRITICAL TO
Page 23 and 24: CHARTER FLIGHT ROUTES TOP 10 POPULA
Page 25 and 26: CHARTER FLIGHT ROUTES FLIGHT ACTIVI
Page 27 and 28: OEM OVERVIEW FLEET BY OEM AND SIZE
Page 29 and 30: ESTIMATED HOURLY CHARTER RATE VS. C
Page 31 and 32: CHARTER MOBILE APPS CHARTER MOBILE
Page 33 and 34: APPENDIX APPENDIX SUBREGION BREAKDO

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