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REGIONAL OVERVIEW<br />
As of the end of June <strong>2023</strong>, Asia-Pacific had 296 business jets available<br />
for charter, marking a decrease of five aircraft from the 301 recorded at<br />
the end of June 2022. This represents a 1.7% reduction in fleet size. Of<br />
the countries/regions within Asia-Pacific, six experienced an increase in<br />
their local charter fleets, while three maintained their fleet size and ten<br />
witnessed a decrease.<br />
With a total of 75 aircraft, Oceania continues to have the largest<br />
charter fleet in Asia-Pacific. With 62 business jets available for charter,<br />
Australia’s fleet is unchanged from the previous year. New Zealand<br />
added two aircraft to its charter fleet, bringing its total to 11. Oceania<br />
has maintained the same charter demand and even managed to expand<br />
slightly, which is impressive given that the number of business jets<br />
available for charter across the region declined.<br />
Despite a 1.4% decrease, Southeast Asia’s total fleet of charter aircraft<br />
reached 71, coming in as the second biggest charter fleet in Asia-Pacific<br />
behind Oceania. Malaysia and Thailand have seen the steepest declines<br />
in their own charter fleets, falling by 37.5% and 20%, respectively.<br />
Philippines and Singapore each made minor adjustments of one aircraft.<br />
With the addition of four and three business jets for charter, respectively,<br />
Vietnam and Indonesia are the two nations in Southeast Asia with the<br />
strongest growth. However, overall, the decline in Southeast Asia is still<br />
lower than the average across Asia-Pacific.<br />
With India’s charter fleet significantly expanding, South Asia’s overall<br />
fleet climbed by 9.5% from the previous year, reaching 69 aircraft,<br />
increasing its ranking to the third place. With 65 aircraft, India now<br />
has the largest charter fleet in Asia-Pacific, surpassing Australia in the<br />
total number of business jets available for charter. Other South Asian<br />
countries charter fleets had no substantial changes, with the exception<br />
of Pakistan, which lost one aircraft. South Asia’s overall charter business<br />
has therefore become the third most popular market in Asia-Pacific.<br />
Greater China experienced the steepest decline in the number of charter<br />
aircraft in Asia-Pacific between mid-2022 and mid-<strong>2023</strong>, falling from third<br />
to fourth place. The overall charter fleet in Greater China decreased by 15<br />
aircraft, a decline of 21.1% from the previous year. The most significant<br />
declines occurred in mainland China and Hong Kong, which lost 16 and<br />
two aircraft respectively. Despite a 28.1% reduction in its charter fleet,<br />
the majority of aircraft remained in mainland China, having transitioned<br />
to Part 91 operations. Despite the decline, mainland China still had one<br />
of the largest charter fleets in Asia-Pacific, with 41 aircraft, ranking third<br />
overall. Taiwan added three aircraft in the same period.<br />
With a 25% increase from mid-2022 to mid-<strong>2023</strong>, Northeast Asia is the<br />
region with the highest growth rate in Asia-Pacific, reaching a total of 25<br />
aircraft. The charter fleet in Northeast Asia increased by five aircraft, all<br />
of which were contributions from Japan. Japan’s business jet charter<br />
fleet increased by 29.4% compared with the previous year, reaching a<br />
total of 22 aircraft, ranking fourth in Asia-Pacific. The Japanese charter<br />
BUSINESS JET CHARTER FLEET 2<br />
LARGEST<br />
COUNTRY/REGION<br />
65<br />
INDIA<br />
MOST NET FLEET<br />
ADDITIONS<br />
+7<br />
INDIA<br />
FLEET GROWTH IN MAJOR MARKETS<br />
Net Fleet Growth<br />
SUBREGION 4 <strong>2023</strong> <strong>2023</strong><br />
South Asia +6 9.5%<br />
Northeast Asia +5 25.0%<br />
Oceania - -<br />
Southeast Asia -1 -1.4%<br />
Greater China -15 -21.1%<br />
TOTAL -5 -1.7%<br />
Net Fleet Growth<br />
MOST NET FLEET<br />
DEDUCTIONS<br />
-16<br />
MAINLAND CHINA<br />
Growth Rate<br />
Growth Rate<br />
COUNTRY/REGION 4 <strong>2023</strong> <strong>2023</strong><br />
India +7 12.1%<br />
Japan +5 29.4%<br />
Vietnam +4 200.0%<br />
Indonesia +3 21.4%<br />
Taiwan +3 100.0%<br />
New Zealand +2 22.2%<br />
Australia - -<br />
South Korea - -<br />
Pakistan -1 -20.0%<br />
Singapore -1 -4.8%<br />
Philippines -1 -6.3%<br />
Thailand -2 -20.0%<br />
Hong Kong SAR -2 -18.2%<br />
Malaysia -3 -37.5%<br />
Mainland China -16 -28.1%<br />
Others 3 -3 -60.0%<br />
TOTAL -5 -1.7%<br />
Ranked by <strong>2023</strong> net fleet growth in descending order from the highest.<br />
market has also maintained stable growth in recent years, with the<br />
charter fleet now showing an increase for two consecutive years.<br />
ASIA-PACIFIC CHARTER REPORT <strong>2023</strong> | 8