Asian Sky Quarterly Q4 2016

FOURTH QUARTER 2016 

COUNTRY 

PROFILE 

TAIWAN 

SPOTLIGHT 

SIKORSKY 

S-76C++ 

ASIA-PACIFIC OUTLOOK 

METRICS & MOOD 

CURRENT MARKET SUMMARIES 

INTERVIEWS 

JETS & HELICOPTERS 

CHRISTOPHE NURIT 

SIKORSKY REGIONAL DIRECTOR, ASIA 

NEIL MARSHALL 

ASIAN SKY GROUP 

VICE PRESIDENT, 

SOUTHEAST ASIA 

FOURTH QUARTER 2016 — ASIAN SKY QUARTERLY | I

olls-royce.com 

Nobody does it 

like CorporateCare ® 

Bringing you the most comprehensive and sought-after 

business jet engine maintenance program in the world, 

with industry leading service and expertise provided by 

the original manufacturer. Regardless of where you 

travel, CorporateCare will be there to support you. To 

help maximize your asset’s availability, value and 

liquidity, Rolls-Royce is proud to offer CorporateCare. 

To find out more contact Steve Friedrich, Vice President 

– Sales and Marketing, at +1 (703) 834-1700, or email 

corporate.care@rolls-royce.com. 

Trusted to deliver excellence. 

II | ASIAN SKY QUARTERLY — FOURTH QUARTER 2016

PUBLISHER’S NOTE 

The Queen once described 1992 as “Annus Horribilis”, which a lot of us in 

the business aviation industry and otherwise might ascribe to 2016. It was 

a brutal year with demanding challenges on all fronts. The deals were more 

complicated, took longer and never seemed 100% until the actual closing call 

took place. Or as owners decided to hang on to their aircraft longer, taking a 

wait and see approach, they just didn’t happen at all. Operationally it seemed 

one step forward, two steps back, especially for those owners and operators 

in Hong Kong as moving one’s jet around the region got more difficult. In the 

worst cases, owner’s frustrations boiled over and they sold their aircraft as they 

no longer felt there was an opportunity to get the efficiency & productivity out 

of their business jets – the very reasons they bought the business jets in the 

first place. For the OEMs, orders were down again and the oversupply of aircraft 

in the market and production cutbacks at the factory meant pre-owned sales 

outnumbered new aircraft sales typically. The list goes on. 

The true telling of the year 2016 in the Asia-Pacific region will come, as it does 

every year, when ASG releases its annual Fleet Reports for business jets and 

commercial helicopters in early 2017. The reports should be in even higher 

demand this year as the industry strives to measure the full impact of the year. 

Who survived, who struggled, which regions held up best and a look forward to 

2017 will all be included in the reports. 

as owners holding on to their business jets longer translated into more checks 

and inspections for them. Underlining these positives even further, two thirds 

of the over 250 respondents to ASG’s survey felt more optimistic about the 

economy which again was the highest level since we started our survey. 

So all this bodes well for 2017 and we at ASG prefer to see the glass half full. 

Expectations are that the market will stabilize in 2017 and finally turn the 

corner. This outlook is evident also by reviewing ASG’s Market Dynamics in this 

edition of Asian Sky Quarterly where the market trend is finally away from deep 

in a buyer’s market where it has been mired for over 2 years, towards a more 

balanced market demand. In 2017 we will also finally see some of that excess 

supply of aircraft getting soaked up and towards the end of the year start to see 

some exciting new aircraft hit the market including the G500 in the 4th Quarter 

of 2017, followed by the G7000 in 2018. So a rise from the doldrums will finally 

come in 2018 and positive growth. 

This is now our 5th edition of ASQ. Included is our usual exciting line up of the 

Asia Pacific’s Moods & Intentions for this quarter, a profile on Taiwan and an 

aircraft spotlight on Sikorsky’s S-76C++. We also have some great interviews 

including ASG’s own Neil Marshall and Christophe Nurit from Sikorsky. 

Despite this doom and gloom however, there were some bright spots in 

2016. Charter activity was up and overall aircraft movements were up too – 

so demand and utilization remained healthy and grew through 2016. ASG’s 

Market Survey for the 4th Quarter of 2016 had the highest increased utilization 

levels amongst respondents since we started our survey and all regions had 

optimistic trends going forward. It’s no surprise then that a number of FBOs 

recorded record years for activity levels in 2016. Even MROs had a banner year 

Sincerely, 

Jeffrey C. Lowe 

Managing Director, Asian Sky Group 

SPECIAL THANKS TO OUR CONTRIBUTORS: 

FOURTH QUARTER 2016 — ASIAN SKY QUARTERLY | 1

CONTENTS 

04 ECONOMICS 

30 

08 

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

each specific country’s GDP in contrast with their business 

aircraft fleet growth. 

MOOD & INTENTIONS 

Survey results of the Asia-Pacific region’s mood on current 

economic status, aircraft utilization, purchase intentions 

and influencing factors. 

33 

INTERVIEW: 

CHRISTOPHE NURIT, 


Discussing the company’s enhanced customer service 

initiatives, evolving presence in Asia Pacific and Sikorsky’s 

remarkable S-76 series. 

AIRCRAFT SPOTLIGHT 

A comprehensive market performance analysis of the preowned 

S-76 C++ market. 

12 

18 

COUNTRY PROFILE 

Overview and examination of Taiwan’s business aviation 

industry, its fleet growth and top operators. 

INTERVIEW: 

GEORGE CHOU, 

TOP SPEED CHAIRMAN 

Discussing the creation of Top Speed and the company’s 

decision to invest in a business jet. 

38 

40 

INTERVIEW: 

NEIL MARSHALL, ASIAN SKY GROUP 

VICE PRESIDENT, SOUTHEAST ASIA 

Speaking on his experience within the rotary market, as 

well as his plans to develop the region through operational 

and finacial assistance. 

MARKET SUMMARY -- JETS 

A model-by-model market positioning and average days 

on-market analysis with featured pre-owned business jets. 

21 

MARKET DYNAMICS 

An in-depth analysis of the changing pricing signals 

and business aircraft momentum, given the continual 

fluctuations of supply and demand. 

57 

MARKET SUMMARY -- HELICOPTERS 

A model-by-model market positioning and average 

days on-market analysis with featured pre-owned civil 

helicopters. 

PUBLISHER 

Asian Sky Group 

EDITORIAL 

Litalia Yoakum 

CREATIVE DIRECTOR 

Jennifer Spano 

DESIGN 

Aya Leung 

Michael Wong 

MARKET RESEARCH 

Bowen Zhang 

Patrick Bouvry 

Stella Tsang 

ADVERTISING ENQUIRIES 

advertising@asianskygroup.com 

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. 

AIRCRAFT SALES INQUIRIES: 

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 

2 | ASIAN SKY QUARTERLY — FOURTH QUARTER 2016

MAX SPEED: MACH 0.885 • MAX RANGE: 12,501 KM • MAX ALTITUDE: 15,545 M 

PRINT AD. 

AIR of CONFIDENCE 

When the demands of world travel become daily business, the Gulfstream G550 is ideally suited 

to deliver. The aircraft can fly from Beijing to San Francisco in 11 hours and 5 minutes or Singapore 

to London in 13 hours and 25 minutes. The distance will fly by as you relax in a handcrafted cabin 

of meticulous design. The G550—proving that life is as much about the journey as the destination. 

For more information, visit gulfstreamg550.com. 

BEIJING: +86 10 8535 1866 HERMAN CHAI or MATTHEW LIU 

HONG KONG: +852 2918 1600 PETER HOI 

SINGAPORE: +65 6572 7777 JASON AKOVENKO 

Theoretical max range is based on cruise at Mach 0.80 with eight passengers, four crew and NBAA IFR fuel 

reserves. Flight durations are estimated at best cruise speed and account for 85 percent annual winds conditions. 

Actual performance will be affected by ATC routing, operating speed, weather, outfitting options and other factors. 


ECONOMICS 

Over the course of this year, growth in Asia (ex-Japan) has been largely stable, as the stimulus that has been in place since early 

2015 provided support to domestic demand early in 2016. Domestic demand has held up in the region, alongside an improvement 

in external demand. Meanwhile, fiscal deficit has narrowed at the margin in most countries. 

Courtesy of Morgan Stanley 

Australia 

Domestic demand growth has remained weak, against a 

backdrop of declining employment and wage growth, which 

is at a decade-low. The Reserve Bank of Australia (RBA) 

has maintained a neutral policy bias, with little change in its 

growth and inflation forecasts compared to three months ago. 

The RBA points to steadier economic conditions in China, 

helping to support commodity exports. However, conditions 

in the housing market have become more complicated, with 

higher price growth in a closer of areas and lower housing 

credit growth. 

China 

Investments and continued strength in the property market 

have allowed the domestic demand to uphold well. External 

demand remains weak for the seventh consecutive month 

in October, 2016, with few signs of improvement, except for 

selected raw materials. Fiscal spending growth has continued 

to slow, as budget front-loading in the first nine months of the 

year meant that a slowdown in spending was necessary to 

keep the fiscal deficit within target. 

Hong Kong 

Several growth indicators have showed signs of a bottoming 

out though the overall growth trends remain weak. Exports 

and property transactions growth have moved back into the 

positive territory after having spent an extended period of 15 

months respectively in the contractionary territory. However, 

retail sales and visitor arrivals are still contracting, weighing on 

the overall growth trend. 

Taiwan 

Consumption and investment has improved but remains 

weak, with retail and auto sales staying subdued. Exports 

growth is improving with high-tech exports accelerating and 

non-high-tech products turning positive for the first time in 26 

months. Currently, there is limited policy to support growth. 

The government’s prudent approach to its public finance has 

meant that is has consistently maintained a fiscal surplus. 

Malaysia 

Export growth stayed positive for the second consecutive 

time in 24 months, largely driven by growth in non-commodity 

exports. Overall domestic demand is still weak, as capital 

good imports turned negative, with car sale growth staying 

negative for the 12th consecutive month. 

Japan 

The economy in Japan defied the strength of the yen and 

global headwinds in Q3, managing to expand from previous 

quarters. However, weak wage growth continues to dampen 

private consumption, while an uncertain global outlook and a 

strong yen remain a concern for businesses. 

Korea 

Overall domestic activity is weak, with passenger car sales 

and retail sales growth decelerating. Export growth remains 

negative, led by contraction in both key product segments, 

reflective of auto strikes and smartphone recalls, and 

destination. Recent political developments mean significant 

fiscal and structural reforms before the 2017 presidential 

elections unlikely. 

Singapore 

Most growth indicators continued their contractionary 

trend on a YoY basis, reflecting the cyclical and structural 

headwinds that the economy is facing. Capital goods imports 

dipped into negative territory in September, while retail sales 

growth has stayed negative for the eighth consecutive month, 

although its decline has narrowed at the margin. 

Thailand 

The private consumption index growth has slowed, led by a 

moderation in non-durable goods and services consumption, 

although this has been partly offset by a rise in non-residents’ 

expenditure. Exports recorded positive growth for the second 

consecutive month. Export growth continued to accelerate 

and the improvement was fairly broad-based across most 

key product segments. 

Philippines 

Export growth turned positive for the first time in 18 months, 

mirroring trends observed elsewhere in the region. However, 

domestic demand has weakened marginally, as capital 

imports recorded the slowest growth in the 13 months in 

September, and car sales decelerated to the slowest rate of 

growth in 40 months. Policy makers have lifted government 

spending, which has widened the fiscal deficit. 

India 

Consumption growth continues to be solid, with an overall 

solid trend in household consumption. However, the 

demonetization move implemented by policy makers on 

November 8th could impact consumption in the coming 

months, particularly in the purchase of auto and white goods. 

There have been broad-based improvements in exports 

growth in key product segments, many of which have turned 

positive, with the exception of oil. 

Indonesia 

Consumption indicators have improved, led by passenger 

car sales and consumer good imports, along with consumer 

sentiment. Export growth entered positive territory in October, 

recording the highest growth in 26 months. This was driven 

by positive growth in non-oil and gas exports. Fiscal policy is 

now expected to incrementally support growth. 


BUSINESS JET FLEET AND GDP BY COUNTRY 

ECONOMICS 

Australia 

China 

Hong Kong 

India 

Indonesia 

Japan 

Malaysia 

New Zealand 

Papua New 

Guinea 

Philippines 

Singapore 

South Korea 

Taiwan 

Thailand 

GDP (B USD)* 

BUSINESS JET FLEET † CIVIL HELICOPTER FLEET † 

11,598 

6,040 

5,495 

4,666 

309 

1,779 

2,086 

2,337 

835 

1,709 

1,142 

1,095 

1,508 

1,476 

996 

182 

746 

718 

761 

751 

755 

145 

149 

146 

563 

114 

446 

341 

255 

236 

229 

200 

145 

10 

426 

366 

312 

303 

208 

24 

74 

56 

37 

35 

29 

17 

15 

13 

8 

3 

64 

56 

52 

48 

46 

37 

25 

22 

15 

3 

253 

195 

163 

161 

134 

111 

77 

43 

32 

1 1 

2010 2011 2012 2013 2014 2015 2016Q3 



319 

216 

200 

197 

157 

121 

113 

39 

31 

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

* GDP Source: Trading Economics.com 

† 

Business jet and civil helicopter fleet data obtained from ASG’s 

Fleet Reports. For our latest publications, please stay tuned for 

ASG’s media channel 

www.asianskygroup.com. 


MOOD & INTENTIONS: 

ASIA-PACIFIC REGION SURVEY 2016 Q4 

In November 2016, over 250 respondents participated in ASG’s survey 

on the mood and intentions of the current business aviation market. 

Regions with the most respondents include: 

• South & East Asia (98 valid respondents (39%), including Japan, Indonesia, 

Philippines, South Korea, Singapore and Thailand) 

• Greater China (61 valid respondents (25%), including Mainland China, Taiwan, 

Hong Kong and Macau) 

• Oceania (41 valid respondents (16%), Australia, New Zealand and Papua New 

Guinea) 

• Central Asia (30 valid respondents (12%), including India, Pakistan, UAE, etc.) 

This quarter recorded the highest number of respondents from the 

Central Asia region, as well as 20 respondents from regions outside of 

the Asia Pacific who have active businesses within the region. 

RESPONDENT LOCATION BREAKDOWN 

Worldwide with Activity 

in APAC 20 (8%) 

Central Asia 30 (12%) 

Oceania 41 (16%) 

39+25+16+12+8+G 

250 + 

RESPONDENTS 

South & East Asia 98 (39%) 

Greater China 

61 (25%) 

MARKET MOOD FOR CURRENT ECONOMY 

2016 Q4 

2016 Q3 


2015 Q1 

Pessimistic 

(Will get worse) 

34% 

47% 

46% 

48% 

Optimistic 

(Will get better) 

66% 

53% 

54% 

52% 

TOP 10 RESPONDENT’S LOCATION 

Japan 8 (4%) 

India 9 (5%) 

Philippines 9 (5%) 

Malaysia 9 (5%) 

Pakistan 12 (6%) 

Singapore 17 (8%) 

Indonesia 19 (9%) 

WHAT IS OUR CURRENT ECONOMIC STATUS? 

(QUARTERLY COMPARISON) 

30+26+9+8+6+5+5+5+3+3+G 

RESPONDENT’S AIRCRAFT TYPE 

Past Low Point 

Helicopters 33% 

67+33+G 

New Zealand 7 (4%) 

Greater China 61 (30%) 

Australia 53 (26%) 

Business Jets or 

Turboprops 67% 

30+35+35+G 27+47+26+G 30+46+24+G 30+48+22+G 

36% 

26% 

24% 

22% 

48% 

46% 

47% 

34% 

82 % 





30% 

27% 

30% 

30% 

At Low Point 

Neutral 

Not Reached Low Point 

In 2016 Q4, 35% of total respondents believed that our economy has 

passed its low point and will get better, a 9% increase from last quarter. 

34% of respondents believed that the economy has not reached its low 

point and will get worse, which is a 13% drop since last quarter. The 

number of respondents who believed that the economy in November 

2016 was at its low point remains stable at 30%, which corresponds 

with results witnessed since the Q1 survey. 


MOOD & INTENTIONS: ASIA-PACIFIC REGION SURVEY 2016 Q4 

WHAT IS OUR CURRENT ECONOMIC STATUS? 

Not Reached Low Point At Low Point Past Low Point 

Greater China 

46% 

20% 34% 

South & East Asia 

31% 

35% 

35% 

Central Asia 

17% 

33% 

50% 

Oceania 

39% 

34% 27% 

When compiling this quarter’s economic status perception by region, Low Point” as optimistic, as the respondents believe that the economy 

only 17% of the Central Asia respondents believed the economy will will get better. The option “Not Reached Low Point” is described as 

worsen – the lowest number across all Asia Pacific regions. South “Pessimistic”, because respondents believe the economy will worsen. 

and East Asia follow, as well as Oceania, all with less than 40% of Based on those assumptions, we are able to view this question from 

respondents in each region pessimistic about their economic future. As a new angle. Since 2016 Q1, the percentage of respondents holding 

for Greater China, 46% of the respondents believe the economy will get pessimistic views has decreased from 48% to 34%. There are now over 

worse in the future, which is a respectable 9% drop compared to 2016 

14+0+0+0+0 17+0+0+0+0 10+0+0+0+0 20+0+0+0+0 26+0+0+0+0 19+0+0+0+0 33+0+0+0+0 28+0+0+0+0 832+0+0+0+0 14 21+0+0 19+0+ 

34+0+0+0+0+0+0+0+0 43+0+0+0+0+0+0+0+0 29+0+0+0+0+0+0+0+0 1934 

33+0+0+0+0+0+0+0+ 28+0+0+0+0+0+0+0 32+0+0+0+0+0+0+ 

Q3. This result reveals that aviation industry insiders in Asia Pacific 

19+0+0+0+0 14+0+0+0+0 25+0+0+0+0 19+0+0+0+0 37+0+0+0+0 33+0+0+0+0 11+0+0+0+0 20+0+0+0+0 

44+0+0+0+0+0+0+0+0 33+0+0+0+0+0+0+0+0 37+0+0+0+0+0+0+0+0 33+0+0+0+0+0+0+0+0 

are regaining confidence for the future economic growth, as well as 

business opportunities. 

To provide a clear understanding of our respondents’ expectation of the 

current economy, we described the options “Past Low Point” and “At 

HOW IS YOUR AIRCRAFT UTILIZATION COMPARED TO 12 MONTHS AGO? 

2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 

19% 

17% 

14% 14% 

10% 

Down 20% or more 

(20%) 

34% 33% 

29% 

18% 

14% 

12% 

10% 

8% 

Increased 

39% 



GREATER CHINA 

OPTIMISTIC 

49+0+0+0+0 35+0+0+0+027+0+0+0+032+0+0+0+0 16+0+0+034+0+0 

39+0+0+0+0 +0+032+0+0+034+0+0 

19+0+0+0+028 37+0+0+0+0 +0+038 47+0+0+0+0 34 

PESSIMISTIC 

49% 

2015 Q4 

41+0+0+0+0 35+0+0+0+037+0+0+0+030+0+0+0+0 24+0+0+038+0+0 

25+0+0+0+0 +0+027+0+0+022+0+0 

32+0+0+0+031 42+0+0+0+0 +0+031 46+0+0+0+0 38 

OPTIMISTIC 

PESSIMISTIC 

35% 

41% 

35% 

16% 

OCEANIA 

24% 


Much Improved 

Decreased The Same Increased Signal Line 

39% 

34% 

27% 


Improved with total utilization 

expectation higher 

25% 

37% 38% 


SOUTH AND EAST ASIA 

Slightly Worsening 

Worsening 

37% 

32% 32% 


42% 

30% 

27% 


Worsening continued 

47% 

Continued worsening 


46% 

19% 

32% 

34% 


22% 


Improved - higher 

utilization 

Improved Utilization 

NEUTRAL LINE 

38% 

34% 

28% 


NEUTRAL LINE 

38% 

31% 31% 


AIRCRAFT UTILIZATION: 

REGIONAL DIFFERENCES 

An Optimistic-Pessimistic Neutral Line has 

been added to aircraft usage trend analyses 

for Greater China, Oceania and South & 

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 

Overall, respondents believe that aircraft 

utilization in 2016 Q4 is increasing. Total 

utilization is higher compared to last quarter, 

with only 34% of the respondents stating that 

their aircraft utilization is lower compared to 12 

months ago. This is a 13% drop compared to 

2016 Q3. Since 2015 Q4, total aircraft utilization 

has been decreasing. 2016 Q4 is the first 

quarter recorded since 2015 Q4 when the total 

perceived aircraft utilization has been higher 

than previous periods. The total utilization trend 

has since moved into the optimistic zone. 

Oceania 

Respondents in the Oceania region believe that 

aircraft utilization is improving compared to last 

quarter, with only 38% of respondents stating 

that their aircraft utilization is lower. This is an 

8% drop from last quarter. Although there are an 

increased number of respondents who believe 

that utilization is higher, the total expected 

utilization in Oceania has not improved and the 

trend line remains in the pessimistic zone for 

2016 Q4. 

OPTIMISTIC 

50+0+0+0+0 43+0+0+0+032+0+0+0+036+0+0+0+0 7+0+0+018+0+0 

50+0+0+0+0 +0+041+0+0+035+0+0 

28+0+0+0+036 23+0+0+0+0 +0+037 37+0+0+0+0 27 

PESSIMISTIC 

50% 

43% 

7% 


Slightly Improved 


Much Improved 

Worsening with total 

utilization expectation lower 



Improved Utilization 


50% 

32% 

18% 

23% 

41% 

36% 

NEUTRAL LINE 

37% 35% 36% 37% 

28% 

27% 


South and East Asia 

Expected aircraft utilization has moved back 

into the optimistic zone after falling below in Q3. 

Only 27% of respondents recorded a decreased 

use of aircraft utilization, the second lowest 

since 2015 Q4. The respondents in South 

and East Asia are expecting a higher aircraft 

utilization for the next quarter. 



MANAGEMENT COMPANY SATISFACTION 

KEY FACTORS (OUTER IS BETTER)* 

Greater China 

Operational 

Safety 

Central Asia 

Oceania 

Customer Service 

Most Satisfied 

APAC Overall 


Operational 

Efficiency 

In general aircraft owners are satisfied with the ‘Operational Safety’ and 

‘Quality of On-board Service’, and least satisfied with the ‘Value for Money’ 

from their management companies. The Oceania region has the highest 

satisfaction level compared to other regions, particularly for factors such 

as ‘Operational safety’ and ‘Operational Efficiency’. In Greater China, 

respondents are mostly satisfied with the ‘Quality of On-board Service’, 

and least satisfied with ‘Operational Safety’. For South & East Asia, ‘Value 

for Money’ is the most satisfying factor while the least satisfied is ‘Quality 

of On-board Service’. 

Quality of 

Maintenance 

Value for 

Money (Price) 

In this issue we added Central Asia (India and Pakistan) to our research 

scope, and noticed that in general, respondents in Central Asia have 

a lower satisfaction towards their aircraft management company 

compared to other region’s satisfaction level. 

* Factor ratings using standardized score to balance regional differences 

Quality of 

On-board Service 

DO YOU OR YOUR CLIENT OWN OR CHARTER 

A PRIVATE AIRCRAFT? 

54+11+35+G 

Just Charter (11%) 

PRIMARY CHOICE WHEN SOURCING 

A CHARTER AIRCRAFT 

21+79+G 

Just Own (35%) Both Own and Charter (54%) Contact Operator (79%) 

Contact Broker (21%) 

OVERALL SATISFACTION BROKER VS OPERATOR 

(OUTER IS BETTER) 

Operational 

Safety 

Quality of 

Maintenance 

Operator 

Customer Service 

4.5 

4.0 

3.5 

3.0 

2.5 

Broker 

Operational 

Efficiency 

Value for 

Money (Price) 

Similarly to last quarter, when asking “Do you or your client own or charter 

a private aircraft?”, 11% (10% in Q3) of the respondents just charter an 

aircraft, and 35% (38% in Q3) of the respondents say they own a private 

aircraft. The remaining amount 54% say they both own and charter an 

aircraft. This implies that for frequent flyers who already own a jet, to 

charter a jet for travel seems reasonable to them. And on the charter 

operator / broker side, when asked the primary choice when chartering an 

aircraft, 79% (82% in Q3) of respondents would contact an operator first. 

When asking our respondents to compare charter brokers and charter 

operators, we found that the satisfaction level of a charter operator is 

generally higher compared to a charter broker, except for operational 

efficiency and quality of on-board services which are similar. Respondents 

also believe that the ‘Value for Money’ Is the most discriminating factor 

when comparing a charter broker’s service to an operator. 

Quality of 

On-board Service 



20+0+0+0 22+0+0+0 28+0+0+0+0+048 19+0+0+0+0 +022+0+0+0 22+0+0+0+0 +030+0+0+0 +058 

4356 

20+0+0+0+029+0+0+0+0 

25+0+0+0+0 

PURCHASE INTENTION 2015 Q4 - 2016 Q4 






28% 

22% 

20% 20% 19% 

Yes, a new aircraft 

30% 29% 

25% 

22% 22% 

Yes, a pre-owned 

aircraft 

58% 58% 

48% 

43% 

56% 

No / I’m not sure 

PURCHASE INTENTION 

2015Q4 – 2016Q4 

Contrary to the optimism toward the economy this quarter, only 19% 

of respondents said they are considering purchasing a new aircraft, 

which is a 9% decrease compared to last quarter. 25% are considering 

purchasing a pre-owned aircraft, a 4% decrease compared to last 

quarter. Just over half (56% of respondents) are not sure or simply don’t 

have a plan to purchase an aircraft, which is similar to the sentiment 

shared in 2015 Q4, when 58% were unsure. 

For those with intentions of purchasing a business jet, preference is 

toward a large jet, such as the Gulfstream G550 and Falcon 7X. 

On the helicopter side, respondents prefer to buy a twin turbine engine 

helicopter (such as AW109, Bell 429, and EC145). 

PURCHASE INTENTION - AIRCRAFT TYPE 

(OUTER IS PREFERRED) 

With this quarter’s expanded research area, we noticed a significant 

increased interest in the turboprop/piston section, with more than 20% 

of the respondents from Oceania, Greater China and South and East 

Asia stating they would purchase a turboprop like a King Air or a Piston 

aircraft. 

Corporate Airliner 

Piston Helicopter 

Single Turbine 

Helicopter 

Large Jet 

Medium Jet 

INFLUENCING FACTORS ON 

PURCHASE DECISION 

Following last quarter, we simplified the influencing factors into four 

major categories: Need, Public Image, Purchasing Power and Aircraft 

Price and we found significant regional differences. 

Twin Turbine 

Helicopter 

Small Jet 

Turboprop/ 

Piston Fixed Wing 

PURCHASE DECISIONS - INFLUENCING FACTORS 

(OUTER IS LIMITING)* 

Greater China Oceania South & East Asia Central Asia 

Greater China 

Due to the recent central government’s welcoming stance on developing 

general aviation, Chinese aircraft potential buyers have gone from 

worrying about Public Image to worrying about Purchasing Power. 

Concerns stem from economic uncertainty of China, and the globally 

which would cause a decline in business activity. Aircraft price remains 

the smallest concern for Chinese aircraft buyers when making a 

purchase decision (if they decide to buy one). 

Oceania 

The current aircraft price stands in the way for buyers trying to make 

a purchase decision. However, such buyers don’t worry about public 

image. 

Need 

Most Limiting 


In this region, which provided an increased number of respondents this 

quarter, buyers seem to be more sensitive to public image, similarly 

to China. Respondents from this area believe the need and ability to 

purchase to be also important in their decision. 

Aircraft Price 

Purchasing Power 

Public Image 

Central Asia 

Largely driven by the economic growth of each country, Central Asia 

has become one of the top markets for business aviation. The region’s 

(mostly from India & Pakistan) respondents believe they have the actual 

need and the ability to purchase an aircraft. Compared to all other 

regions covered in the survey, the aircraft price is the lowest concern 

in Central Asia. 

*Factor ratings using standardized score to balance regional differences 


THINK 

MEDICAL ASSISTANCE 

Our helicopters are a flying life support system for paramedics and 

rescue services. Always on call to reach casualties of accidents 

and disasters or evacuate critical care patients. 

Prescribe an H135 

Important to you. Essential to us.

Eva Sky Jet Center 

COUNTRY PROFILE 

TAIWAN 

Taiwan Taoyuan 

International Airport 

HuanYu VIP Terminal 

Far Eastern Asia Transport 

Taipei Songshan 

Airport 

Evergreen Aviation Technologies (EGAT) 

China Airlines Engineering & Maintenance 

Organization 

Taichung Airport 

TAMECO (Taiwan Aircraft Maintenance 

and Engineering) 

Aerospace Industrial Development Corp 

Mandarin Airlines Engineering & 

Maintenance Organization (MDA-EMO) 

Air Asia 

Tainan Airport 

Taitung Airport 

Kaohsiung 

International Airport 

APEX Flight Academy 

Green Tree Global International 

Executive Aviation Taiwan Corp. (EATC) 

Photo: Tokyo 

12 | ASIAN SKY QUARTERLY — FOURTH QUARTER 2016 

Photo: TAIPEI

COUNTRY PROFILE: TAIWAN 

TAIWAN 

by Litalia Yoakum 

Taiwan is working its way toward creating a larger presence in the 

aviation world. Albeit a small island, the nation is now making its cause. 

Home to 23.5 million people -- according to census figures, the island of 

Taiwan is situated to the west of the People’s Republic of China (PRC), 

with Japan to the northeast and the Philippines to the south. 

Political sensitivity between Taiwan and China is high as questions of 

the island’s status remain a major talking point. 

Two million Chinese Nationalists fled to Taiwan during the four years 

leading up to the communist victory on mainland China in 1949. 

Following the mass migration, the Nationalist government established 

authoritarian rule under martial law in 1948. In the late 1970s, authorities 

democratized the governing structure eventually founding the first 

Business Jet Fleet — Size Category Breakdown 

Light 2 (9%) 

Mid-Size 5 (23%) 

Large 2 (9%) 

27+32+9+23+9+G 

22 

Business Jet Fleet — OEM Breakdown 

Embraer 1 (5%) 

Hawker 2 (9%) 

Boeing 2 (9%) 

Airbus 4 (18%) 

36+23+18+9+9+5+G 

22 

* Data Source: Asian Sky Group Fleet Report (Year-End 2015) 

Corp. Airliner 6 (27%) 

Long Range 7 (32%) 

Gulfstream 8 (36%) 

Bombardier 5 (23%) 

opposition party - the Democratic Progressive Party (DPP) - and lifting 

martial law in 1987. The first presidential election was held in 1996, 

while the country underwent a transfer of power from the Nationalist 

Party to the DPP in 2000. 

Rapid industrialization and economic growth in the second part of 

the 20th century left Taiwan deemed the ‘Taiwan Economic Miracle’. 

Alongside Singapore, South Korea and Hong Kong, Taiwan is also noted 

as one of the ‘Four Asian Tigers’ for its high growth rates, including high 

technological advancement, allowing for its development into a highincome 

and advanced economy. 

According to the 2016 Index of Economic Freedom, published by the 

Heritage Foundation along with the Wall Street Journal, Taiwan was 

ranked 14th among 186 countries. The index, comprised of categories 

including property rights, fiscal freedom, government spending and 

business freedom, showcases Taiwan’s dynamic and capitalist 

economy. 

While the country remains economically free, there is a heavy 

In 2016, the growth 

has been dramatic. 

One reason is that 

more businesses are 

becoming more aware 

of the benefits of a 

business jet. 

dependence on exports, particularly the exportation of electronics, 

machinery and petrochemicals. The reliance leaves a potential 

vulnerability to fluctuations and downturns throughout the world, an 

effect that has been seen in recent months coinciding with the declining 

Taiwan economy. 

Taiwan previously enjoyed close ties with the U.S., with the U.S. being 

the largest source of Taiwan’s exports. China has since replaced the 

U.S., as well as providing the largest source of tourism. As Taiwan 

attempts to diversify its exportation, concerns are increasing as the 

newly elected U.S. President threatens to pull out of the Trans-Pacific 

Partnership (TPP). 

Tsai Ing-wen, the first woman to be elected president in Taiwan, has 

attempted to improve the economy and the country’s relationship with 

Beijing, however her approval ratings are down amidst decreasing 

tourism from the Mainland, and an attempt to reduce reliance on China 

and boost ties with Southeast Asian nations. 

While the territory positions itself economically as a country open to 

trade, talks and development, the island’s aviation industry hopes for the 

same. Excluded from the International Civil Aviation Organization (ICAO), 

due to sensitivity between Beijing and Taiwan, the country aims to be 

considered on the global stage once again. 



Helicopter Fleet — Size Category Breakdown 

77+7+8+8+G 

Single 3 (8%) Medium 31 (77%) 

Piston 3 (8%) 

Heavy 3 (7%) 

40 

STATUS QUO 

Though a small business aviation market, Taiwan is actively seeking to 

make a name for itself among the bigger markets in the Asia-Pacific region. 

There were 22 business jets based in Taiwan in January 2016, according to 

ASG’s Business Jet Fleet Report, which is up from 19 in 2015. The business 

jet market has grown to around 30 business jets in the last 12 months, with 

corporate airliners and long range jets making up over 50% of Taiwan’s fleet. 

Chailease Finance’s Senior Vice President, Richard Liao is confident 

of Taiwan’s growth. “In 2016, the growth has been dramatic. One 

reason is that more businesses are becoming more aware of the 

benefits of a business jet. Many companies have their assembly lines 

in Mainland China or Southeast Asia. To take a commercial flight, it is 

time consuming. Companies now see this as a time saving tool for their 

business, not just a luxury toy.” 

Helicopter Fleet — OEM Breakdown 

According to Eva Sky Jet Center’s Office Chief / Junior Vice President 

Kang Lee, there are about five to 10 business aviation movements 

every day, which is growing by an estimated 5% each year. However, 

the increasing movements presents the problem of facilities available 

within the industry. 

Sikorsky 2 (5%) 

Boeing Rotorcraft 3 (8%) 

Robinson 3 (8%) 

Airbus Helicopters 

13 (32%) 

47+32+8+8+5+G 

40 

* Data Source: Asian Sky Group Fleet Report (Year-End 2015) 

Bell Helicopter 

19 (47%) 

Within the helicopter sector, there are currently 40 helicopters based in 

Taiwan. This is a small increase from 2015, when there were 39. The 

majority are operated by the Taiwan National Airborne Service Corps 

(NASC). 

INFRASTRUCTURE CHALLENGES 

Located within a four-hour flight to most major Asian destinations 

including Beijing, Shanghai, Singapore, Seoul and Tokyo, Taiwan is a 

convenient stop for business jets. However, like many countries in Asia 

Pacific, there is limited space and accessibility for the business aviation 

industry. 

As Liao explains, “with limited facilities available to service business jets, 

operators are forced to look outside of Taiwan.” 

Currently, there are only two fixed base operators (FBOs) in Taiwan. 

Those are Eva Sky Jet Center at the Taipei Songshan Airport and 

Huanyu VIP Terminal at Taoyuan International Airport. Although there 

Photo: Taiwan 



are several maintenance, repair and overhaul (MRO) providers in Taiwan, 

most of them are for commercial airliners. Eva Sky Jet Center and Air 

Asia, at Tainan Airport, both provide services for business jets. There 

are only two hangars available for business jets in the country, one at 

Eva Sky Jet Center and the other at Green Tree Global International at 

Kaohsiung International Airport. 

“The destinations of 80% of Taiwan private jets are in Asia,” says 

Executive Aviation Taiwan Corporation (EATC)’s Executive Director, 

Lawrence Tiong. “Unlike in America and Europe, where these mature 

business aviation markets have executive airports serving only 

private jets, in the Asia region private jets have to share airports with 

commercial flights. This situation causes flight approval procedures 

for private jets to take three to seven days. Additionally, insufficient 

parking area drives private jets to ferry to different airports for parking. 

These problems make the cost higher and decrease the efficiency and 

flexibility of private jets.” 

While there are no concrete plans to improve the infrastructure of the 

business aviation industry, Taiwan does have plans for a large-scale 

infrastructure project at the Taiwan Taoyuan International Airport. 

The Taoyuan Aerotropolis Infrastructure will be built on more than 

Business Jets — Top Operators by Model 

6+0+0 +5+0+0 +2+0+0 

6 5 2 

ACJ318 2 2 

ACJ319 2 2 

BBJ 1 1 

Global 5000 1 1 

Global XRS 3 3 

Legacy 600 1 1 

G-550 2 2 

Hawker 400XP 1 1 

Total 6 5 2 13 

31+ 3+ 2+ 1+ 1 

Taiwan NASC 

Emerald Pacific 

Airlines 

Daily Air 

Executive Jet 

Enterprises 

Sunrise Airlines 

Total 

Executive 

Aviation 

Taiwan 

EVA Airways 

Win Air Jet 

Total 

Civil Helicopters — Top Operators by Model 

3 

2 

1 

1 

Airbus AS365 10 10 

Airbus BK117 2 2 

Bell 205 16 16 

Bell 206 3 3 

Boeing BV234 3 3 

Robinson R22 1 1 

Robinson R44 1 1 

Sikorsky S-76B 2 2 

Total 31 3 2 1 1 38 



4,000 hectares of land surrounding the airport and will include the 

development of a third terminal at the Taoyuan airport. 

“Aiming to provide better air transport services, the Civil Aeronautics 

Administration (CAA) has been striving to expand traffic rights with 

other countries and/or areas. Furthermore, CAA has been implementing 

the Taoyuan Aerotropolis Plan, which takes advantage of Taiwan’s 

geographic location in East Asia to bolster the overall competitiveness 

of the nation,” says the MOTC. 

In addition to insufficient infrastructure for the business aviation 

industry, Asian Sky Group Sales Manager Carrie Yu explained the 

difficulty in finding experienced manpower. “When my client wants to 

hire a local pilot or find an aircraft maintenance facility locally, we find 

that there are few existing, qualified ones. They all need to be trained 

and work together with foreign-experienced pilots for further learning.” 

Taiwan is suffering the same fate as the rest of the region when it 

comes to the aviation personnel shortage, with Boeing’s 2016 Pilot and 

Technician Outlook report predicting a requirement of 268,000 new 

technical personnel over the next 20 years in Asia Pacific. 

CROSS STRAIT RELATIONS 

The delicate political situation between Taiwan and Mainland China 

continues to impact all sectors, including aviation. 

As Eva Sky Jet Center’s Kang Lee points out, “the challenges for this 

industry include the relationship across the Strait and the global economy.” 

Because of its diplomatic isolation, one of the biggest shutouts for the 

industry in Taiwan is its absence from the United Nations’ International 

Civil Aviation Organization (ICAO). The agency, established in 1944, 

works with 191 governments to reach consensus on ‘Standards and 

Recommended Practices (SARPs) and policies in support of a safe, 

efficient, secure, economically sustainable and environmentally 

responsible civil aviation sector.” These policies are in turn used by 

members to ensure local aviation operations conform to global norms. 

At present, Taiwan’s 

economic, commercial, 

cultural, technological, 

agricultural and 

tourism are inseparable 

from China. 

The regulation between Mainland China and Taiwan does not allow 

foreign registered charter flights to operate between the two locations, 

requiring an additional stop (likely in Hong Kong, Macau, or Jeju) for 

flights scheduled between the two locations. 

“The business jet market in China has grown rapidly in the past 10 

years,” continues Lee. “Individual high consumer behavior has created 

the demand of business jets and China’s business aviation industry is 

gradually reforming and opening up. We are now looking forward to the 

government of China and Taiwan to allow both to operate business jet 

charter flights as soon as possible to help create a positive development 

for Taiwan’s business jet industry.” 

ROTARY MARKET 

Although relatively small, compared to the rest of Asia Pacific, Taiwan’s 

helicopter market is still one that is looking to expand. With 40 

helicopters at year end 2015, Taiwan lies between Vietnam, with 47 

helicopters and Hong Kong & Macau, with 31 helicopters. 

While there are a handful of civil helicopters operating in Taiwan, the 

majority are operated by the Taiwan National Airborne Service Corps 

Upon losing U.N. membership in 1971, Taiwan subsequently lost its 

spot in the ICAO. With its exclusion from the aviation body, Taiwan has 

since been left with minimal access to the latest ICAO developments on 

regulations and standards. Additionally, ICAO governments are not always 

privy to the latest aviation contributions made by Taiwan. In 2011, Taiwan 

implemented Asia’s first communications, navigation, surveillance / air 

traffic management (CNS/ATM) system, which was originally proposed by 

the ICAO in the late 1980s. The feat, which required significant manpower 

and resources, improved management of airspace and airport operations 

and provided Taiwan with a competitive edge over neighboring countries 

who had failed to implement the system. 

Although participation in the ICAO would bring Taiwan on the global 

stage, there are several strict regulations that hinder progress within 

the industry. 

“At present, Taiwan’s economic, commercial, cultural, technological, 

agricultural and tourism are inseparable from China,” says Lee. “The 

largest air transportation market is also in China, however the China Civil 

Aviation Association (CAA) and the Taiwan CAA have not yet authorized 

business jet charter between China and Taiwan, so the development of 

business jet industry has been greatly limited.” 



(NASC), which has 31 helicopters. The fleet configuration shows 52.5% 

of helicopters are used for search and rescue (SARs) efforts, reflective 

of the large number of Taiwan-based helicopters used for the NASC. 

Additionally, 27.5% are multi-mission configured, capable of several 

different mission types, while 7.5% are configured for VIP/corporate use. 

Airbus Helicopters and Bell Helicopter dominate the market in Taiwan, 

taking up 80% of the market share. 

Throughout the region, as well as worldwide, the helicopter industry 

has been heavily impacted by the downturn in the oil and gas industry. 

The territory has similarly been unable to avert the effects of the 

decline. However, a number of operators in Taiwan have capabilities 

for alternative missions. Emerald Pacific Airlines provides aerial 

photography, agricultural chemical spraying, disaster relief, overhead 

power line insulator cleaning, in addition to other services, while Daily 

Air offers helicopter charter, SARs, emergency medical services (EMS), 

and aerial photography, among other services. 

TOURISM 

Taiwan’s small size belies the beauty the island has to offer, complete 

with national parks, hot springs, historic sites and a vibrant nightlife. 

According to the Ministry of Transportation and Communications 

(MOTC), “In recent years, due to the government’s efforts to liberalize 

cross-strait air links and promote tourism, passenger volumes at 

Taiwan’s various airports have continued to grow. In 2015, there were a 

total of 58.16 million passengers, an increase of 5.1% over 2014. Of these 

passengers, 48.36 million, an increase of 8.0%, were for international, 

cross-strait and transit flights; and 9.8 million, a decrease of 7.2%, were 

for domestic flights.” 

The largest group of tourism stems from Mainland China, however 

within the past year, the number of Mainland visitors has declined. 

“The impact of the continued decline in the number of Mainland tourists 

indicates that Mainland tourist visits to Taiwan is constrained and 

affected by numerous non-economic factors,” reveals the Mainland 

Affairs Council (MAC). “It also reflects the need for more diversified 

development and risk dispersion in the domestic tourism and travel 

industry. In the future, the government will strive to create a friendly and 

safe travel environment.” 

TAIWAN’S BUSINESS AVIATION FUTURE 

Regardless of the island’s small stature and relatively small market, 

compared to other markets in the region, Taiwan’s potential to grow 

relies heavily on a number of factors. 

“For the pass years, Taiwan’s economic development has stagnated,” 

explains Kang Lee. “Taiwan has lost the important role in the Asian 

financial and political relationship between Taiwan and China, which 

is sufficient enough to influence Taiwan’s economic development. The 

socio-cultural aspect and decline of the economic environment is an 

important factor affecting business aviation growth.” 

The industry agrees that an improved political environment between 

China and Taiwan, as well as a healthier global economy, can boost 

growth within the industry. One particular measure toward improvement 

would be a lift on the ban of business charter across the Strait. 

As EATC’s Lawrence Tiong explains: “Taiwan’s general aviation industry 

is still in an infant stage, so we keep high expectations toward its 

development. In the future, business aviation members can expect a 

wave of first-time aircraft owners to upgrade their aircraft, as well as the 

growing client base driving the development of charter and second-hand 

aircraft trading.” 

With a more sustainable political relationship and sustained economy, 

the operational aspects necessary to maintain business aviation 

infrastructure will likely follow. 

Photo: Taiwan 


FROM SUPERCAR INSURANCE 

TO PRIVATE JET CHARTER 

TOP SPEED PERFECTLY SATISFIES 

THE NEEDS OF SUPERCAR OWNERS 

INTERVIEW WITH GEORGE CHOU, 

TOP SPEED CHAIRMAN 

Of the high-performance sports cars (or supercars) valued at 

more than NT$ 10M in Taiwan, 65% of them are insured by 

Top Speed, which provides a wide range of services including 

supercar insurance, racing competition arrangement, and financial 

products. In 2016, the Taiwan-based company acquired its first private 

jet, aiming to provide its clients with the even more services including 

private jet charter. 

“This is an unquantifiable but worthy investment,” says Top Speed 

Chairman George Chou. “It will definitely help the company to 

distinguish itself.” 

In 2012, after years of establishing businesses in auto media as well 

as financial and insurance brokerage, Chou formed Top Speed by 

penetrating into the niche market of supercar insurance. After the 

company’s establishment, Top Speed consolidated the resources of 

its major shareholder groups to hold the Asia All Star Racing event 

in 2013. This was the highest standard racing game in Taiwan, at 

the time. In 2015, Top Speed extended its operations to the leasing 

business of supercars. 

Within just four years, Top Speed obtained 65% of Taiwan’s supercar 

insurance market share. Since the company’s purchase of a private jet, 

Top Speed has become a hot topic amongst the supercar community. 

How did the idea to establish Top Speed come about 

and what is the current market status? 

First, we saw the growth potential of supercars in Taiwan. Because 

of technological advancements, supercars have become more 

accessible. In the past, supercars demanded owners with professional 

driving experience. Now you can drive a supercar as long as you have 

a driver’s license and the financial capabilities. Second, as I have many 

years of experience driving supercars and insuring them, I realized 

supercar owners desired better insurance services compared to that of 

ordinary drivers. 

The rapid growth in market share confirms my judgment. Top Speed’s 

commitment to satisfy our clients’ demands in all dimensions has 

added to our growth. For instance, we handle supercar accidents 

swiftly and protect the owner’s confidentiality, as well as periodically 

designing training lessons for them. Furthermore, we provide long term 

lease programs for supercar users. In this case, their name will not be 

exposed in public, additionally the lease expense of the company can 

generate a tax exemption advantage. 

To further satisfy our client’s needs, we have acquired a private jet to 

provide mobility and confidential services to our client. Whether it is 

for a business trip or a private casual trip, our clients can enjoy our 

services without actually purchasing and maintaining their own jets. 

Moreover, our jet can take them to rare destinations easily, without any 

scheduled flights, to explore undiscovered business opportunities and 

pleasures. 

Can you share your experience of purchasing a private 

jet? 

We made our decision to buy a private jet in April 2015. Before the 

decision, we did a lot of ground work. It was less than one year from 

the decision to purchase a jet to the actual delivery of the jet. Perhaps 


INDUSTRY INSIDER 

the best decision I made during this process was hiring Asian Sky 

Group (ASG), a professional business aviation consulting firm, which 

gave me all the necessary help, consultations and suggestions when it 

came to the purchase. 

Compared to driving supercars, flying a private jet is a lot more 

complicated. In addition to flight security, international flight is 

associated with air control, civil flight regulations, different restraints 

imposed by each country’s government, and several options provided 

by the aircraft manufacturer. A number of factors must be considered 

including the maturity of each jet series, the price tag, the maintenance 

cost, flight range, cabin space and the seat pitch. 

Although this could have been a complicated process, it was made 

easy by Asian Sky Group and I’m happy I made the decision to work 

with them. 

Why did you choose the Bombardier CL350? 

First, we carefully considered our clients’ demands for cabin space, 

which was followed by maintenance cost, reliability, and range of 

the aircraft. After several discussions with ASG, we compared three 

aircraft from Gulf Stream, Bombardier and Dassault. The Gulfstream 

G280 and Bombardier Challenger 350 (CL350) made the shortlist. 

The G280 and CL350 both belong to the super mid-size category, with 

the seat settings of 9+2. Additionally, each aircraft has a flight range of 

more than 3,000 nautical miles. We eventually selected Bombardier’s 

latest model, the CL350. It’s a little more expensive, but it offered better 

cabin room, comfort, flight capabilities and fuel consumption, perfect 

for our first jet in the Top Speed fleet. 

What are your expectations for Top Speed, now that it 

has acquired a private jet? 

not be looked at mathematically. 

The focal point should be that 

we have enormously increased 

the brand’s value, regionally and 

internationally. 

The demands of the top tier 

customers for jet charter are 

greater than we thought. Top 

Speed can now distinguish our 

service and value by providing 

these clients with custom-made, 

comprehensive, and top of the 

line services. We aim to provide 

more and more versatile services 

to our supercar owners to keep 

their loyalty, so they will naturally 

stick with us, thus generating 

more business opportunities. 

We will also continue to refine 

our services to meet the growing 

demands of our clients. 

Every company buys a private jet 

for different reasons. It is very rare 

to see a company, like Top Speed -- 

founded less than four years ago, 

extending its business to include 

insurance, leasing, car racing, and 

now private jet charter. 

www.topspeedracing.com.tw 

Overlooking the Civic Boulevard, 

an overpass in Taipei City, 

commuters regularly pass by 

Top Speed’s giant billboard. To 

the everyday commuter, this is 

easily ignored. But in the eyes 

of supercar owners, Top Speed 

has become a golden brand. 

People might think spending such an amount to maintain an aircraft 

and crew would be difficult to recover, but I think the decision should 


Delivering financing value for business aviation 

Up to 100% financing Operating Leases with no residual value risk Financing solutions that meet customers needs 

SELECT INTERNATIONAL FINANCINGS 

Finance Lease 

airbus acJ 

• Two week closing 

• High advance rate 

• Favorable VAT structure for client 

• Pre-owned aircraft 

Operating Lease 

Lear 45 


• Three week closing 

• 100% financing 


gLObaL 5000 


• 100% financing 

• No residual exposure for client 


chaLLenger 350 

• Client selected operating lease 

(vs. financing lease) 

shortly before delivery 

• 100% advance rate 

Finance Lease 

g650er 

• 100% advance rate 

• Progress payment 

financing included 

• Favorable VAT structure for client 

Finance Lease 

guLFstream g650 

• Non traditional jurisdiction 

• 10 year term 

• High advanced rate 

Contact David Henderson at +61 450452828 or email him at dhenderson@globaljetcapital.com. 

globaljetcapital.com 

LEASING & LENDING SOLUTIONS FOR PRIVATE AIRCRAFT 


UNDERSTANDING 


Throughout the following pages, we have attempted to create a structure to analyse the market dynamics for the most 

prevalent business jets and civil helicopters models in the Asia Pacific region. We have analysed the most popular 26 

business jets and 16 civil helicopters operated within this region, with the hopes of tangibly understanding whether 

timing is appropriate for potential buyers and aircraft owners for purchasing or selling an aircraft. 

MARKET INVENTORY 

This section describes the amount of aircraft (in USD) currently for sale 

on the market and shows the trend and activity level of such market. 

The Inventory Value Line represents the total number of aircraft (chosen 

models) for sale in US dollars, being the number of aircraft currently for 

sale on the market multiplied by their average asking price. 

The Trend Line represents the difference between the 12 and 6 months 

exponential moving averages of the Inventory Value line, indicating 

whether the market momentum is performing better or worse. A rising 

Trend Line indicates that the market momentum is moving towards a 

seller’s market, while a declining Trend Line indicates that the market 

momentum is moving towards a buyer’s market. 

OFFER VS. DEMAND INDICATORS 

This section shows whether some aircraft models are in demand (no. 

of transactions) in contrast with current offer levels (how many are for 

sale). It also shows how long each model is available on the market for 

sale on average. Those measurements can provide essential insights 

into the marketability of certain models vs. others. 

MARKET POSITIONING BY MODEL 

The chart presented aggregates four market indicators – relative 

supply, demand, attractiveness and market momentum – for each 

aircraft model treated in this report, in an attempt to qualify whether it is 

currently positioned in a buyer’s market, seller’s market or in a balanced 

offer & demand situation. The positioning of the last quarter is also 

shown to highlight the change and direction of any movement. 

The Signal Line measures the average market trend over a period of 

3 months. A trend significantly crossing above this average indicates 

a possible recovery, while crossing below indicates a possible decline. 

Historical Prices, Percentage for Sale and Time on Market are now 

added through three charts which are providing further insights into 

how market inventories are constituted and which show the actual 

progression and trends of average aircraft asking prices, number 

of aircraft advertised for sale on the market, and how many days on 

average such aircraft are remaining unsold on the market. Those data 

points are at the root of the Inventory Value and Market Positioning 

charts. 



PRE-OWNED BUSINESS JETS FOR SALE 

This section shows market value and trend indicators for the worldwide fleet of 26 popular business jet models as covered 

in this report. 

INVENTORY VALUE (USD) 

$8244M 

APR 2016 

$7919M 

$7880M 

AUG 2016 

WORLDWIDE 

$6096M 

ASIA PACIFIC 

$1536M 

JUN 2016 

$1438M 

$1210M 

$1332M 


MARKET TREND 

DECLINE 

BUYER’S 

MARKET 

AIRCRAFT SOLD 

12 

21 

18 

14 

15 

25 

24 

34 

26 

21 

IMPROVEMENT 

31 

25 

24 

26 

18 

21 21 20 

22 

16 

17 

19 

13 

11 

Dec Jan 

2014 2015 

Feb 

Mar 

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 

2016 

Oct 

Nov 

Inventory Value 

Trend Line 

Signal Line 

In the 24 months up to November 2016, the value of the 

worldwide pre-owned business jets’ inventory for sale grew 

from 6.1to 7.9 billion USD – an increase of 30% – and now 

represents 10.3% of the entire fleet aircraft * in numbers, 

suggesting a significant abundance of aircraft for sale relatively 

to former years. 

When looking specifically to the Asia Pacific region ** , inventory 

has increased at a similar rate (+28%) up to 1.4 billion 

USD, or 18% of the worldwide inventory. With 13% of the 

worldwide fleet * and 16% of the worldwide fleet * for sale, 

Asia Pacific exhibits a slightly higher number of aircraft for 

sale at slightly higher asking prices than the global average. 

Since February 2016, the worldwide value of the pre-owned 

jet inventory * for sale has stabilised around 8 billion USD 

both due to lower asking prices and a smaller growth of 

number of aircraft for sale. In the last 2 years, global asking 

prices have mostly continued to decrease and market 

availability has primarily continued to increase. With worldwide 

average days on market and percentage of fleet * for 

sale now being near their highest in years (310 days and 

10.3% respectively), the global business jets market trend 

still shows some “Buyer’s Market” characteristics where 



AVG. ASKING PRICE 

MILLION USD 

30 

28 

26 

24 

22 

ASIA PACIFIC 

prices are typically driven lower and 

buyers have many options to choose 

from. The same trends are true for the 

Asia-Pacific fleet * but with 12% higher 

asking prices on average, 13% of aircraft 

fleet * on the market (26% more 

than the worldwide ratio) and 330 days 

on the market on average (down from 

364 in Dec. 2015). 

20 

WORLDWIDE 

Probably motivated by year-end fiscal 

pressures, the November 2016 number 

18 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 

of aircraft * on the global market (402) 

now surpasses the previous April 2016 

maximum (395) and asking prices 

have also resumed their drop averag- 

PERCENT OF AIRCRAFT FOR SALE (% OF FLEET) 

ing -8.9% in the last 12 months. 

14% 

Asking prices in Asia Pacific are still 

decreasing at an annual rate of -6.3%, 

13% 

12% 

ASIA PACIFIC 

much lower than recent averages of 

-20% and -16% in May and June 2016. 

However, they still remain significantly 

11% 

higher than the global average which 

may partially explain the higher ‘for 

10% 

sale’ and days on market ratios. 

9% 

WORLDWIDE 

There was an average of 20.8 pre- 

8% 

owned business jets sold * per month 

globally in the last year, increasing 

7% 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 

from 20.5 per month last quarter 

{revised averages}. With asking prices 

falling at a similar annual rate (-8.9%) 

to last quarter (-8.5%), and availa- 

AVG. DAYS ON MARKET 

380 

360 

ASIA PACIFIC 

bility having rebounded upwards to 

a new 2-years maximum for sale in 

November, the business jet market * 

appears to be heating up again with 

many owners wishing to achieve a pre 

340 

year-end transaction. 

320 

* ASG chosen 26 popular aircraft models as 

300 

described in this report 

** The Asia-Pacific ‘region’ is defined as all coun- 

280 

260 

WORLDWIDE 

tries from India to Oceania inclusively (excluding 

Russia) 

Source: JETNET & ASG 

240 

220 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 




BUSINESS JETS 


OFFER VS. DEMAND RATIO 

Pre-owned Sales - Last 12 Months 



OFFER HIGHER 

THAN DEMAND 

OFFER LOWER 

THAN DEMAND 

% OF FLEET 

FOR SALE 

BUSINESS JET 

MODEL 

SHORTER TIME 

TO SELL 

LONGER TIME 

TO SELL 

NO TRANSACTION 


20.0% 

7.0% 

AIRBUS 

ACJ318 

ACJ319 

10.0% 

9.5% 

BOEING 

BBJ 

BBJ2 

10.2% 

CL604 

11.5% 

10.4% 

9.9% 

BOMBARDIER 

CL605 

CL850 

GL5000 

6.3% 

GL6000 

19.0% 

17.4% 

18.5% 

EMBRAER 

L600 

L650 

L1000 

AVERAGE 



9.9% 

0.0% 

0.0% 

F2000LX 

F2000LXS 

F2000S 

NONE FOR SALE 

NONE FOR SALE 

AVERAGE 


9.8% 

4.2% 

DASSAULT 

F7X 

F900DX 

10.2% 

F900EX 

10.0% 

F900EXe 

18.0% 

F900LX 

16.7% 

G200 

5.2% 

9.4% 

8.1% 

9.5% 

GULFSTREAM 

G280 

G450 

G550 

G650 

8.8% 

G650ER 

400% 

300% 

200% 

100% 

0 

10.3% Avg. 

0 200 400 600 800 1000 

Avg. AC for sale / Total sold in last 12 months 

Average Days For Sale on Market 

The pre-owned business jet global inventory * value level having stabilised 

since February 2016, the market remains in a buyer’s market situation, 

but is still heading towards a healthier and more balanced offer/demand 

position. Some jet models remain in high offer compared to their demand 

(counted by the number available versus the sales transactions in the 

last 12 months) – such as the Legacy 600/650, Lineage 1000, Global 

5000, BBJs, CL850, F900EX/LX and F2000LX. Also, some models have 

had no transactions in the last 12 months – such as the ACJ318/319, 

F2000LXS/S and F900DX. Some aircraft remain in a good position 


with a relatively high demand vs. offer – those are the CL605, G200, 

G450/550/650/ER. For the time to sell the aircraft, the average days 

remain high at 320 days all models considered. Taking significantly 

longer than the average time to sell are the ACJ318, CL850, and F900EX 

EASy models. Taking a significantly lower time than average to sell are 

the ACJ319, CL605, Global 6000, F900LX, G280 and G550 aircraft . 

Source: JETNET & ASG



BUSINESS JETS 

BUYER’S MARKET 

More sellers than buyers 

or Lower prices to buy 

or Fewer transactions 

Balanced 

Balanced 

Offer & Demand 

Offer Demand 

SELLER’S MARKET 

More buyers than sellers 

or Higher prices to sell 

or More transactions 

AIRBUS 

BOEING 

ACJ318 

ACJ319 

BBJ 

BBJ 2 

Market Position 2016 Q3 

Market Position 2016 Q4 

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 graphs above provide a visual representation of the ‘market 

position’ for each aircraft model analysed in this report relative to each 

other and to the entire market * , and considers four market indicators: 

the percentage of aircraft for sale relative to its fleet size, the number 

of aircraft sold relative to the average number for sale, the average days 

for sale on the market relative to all models’ average days on market, 

and the momentum of the marketplace, whether it is moving towards a 

buyer’s or seller’s market as a whole as portrayed earlier. 

Interestingly, most business jet models have continued to approach 

a healthier and more balanced market offer/demand position in line 

with the entire market’s positioning. Nearly every model is reaching 


towards a balanced position, except maybe for the ACJ318 which 

still trails behind and the CL850, Legacy 600/650, Lineage 1000 

and the F900EX EASy/LX. From a buyer’s perspective, arriving to a 

more balanced market position may present a timely opportunity to 

buy at a near-low prices, as fewer sellers should be ready to accept 

lower prices. From a seller’s perspective, if the pre-owned business 

jet market reaches an offer-demand equilibrium within the following 3 

to 6 months, asking prices may finally halt their descent and represent 

the end of the urgency to sell. However, price reductions have not yet 

stopped, and selling sooner than later still makes sense in a buyer’s 

market if the aircraft must be sold. 

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



PRE-OWNED CIVIL HELICOPTERS FOR SALE 

This section shows market value and trend indicators for the worldwide fleet of 16 popular helicopter models as covered in 

this report. 

INVENTORY VALUE (USD) 

$1168M 

WORLDWIDE 

$1087M 


$648M 

$67M 

$128M 

JUN 2015 

ASIA PACIFIC 

$113M 


$119M 

MARKET TREND 

DECLINE 

AIRCRAFT SOLD 

8 

8 

5 

8 

5 

11 

15 

6 

4 

7 

2 2 

4 

12 

5 

7 

4 

5 

10 10 

BUYER’S 

MARKET 

7 7 

6 6 

Dec Jan 

2014 2015 

Feb 

Mar 

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 

2016 

Oct 

Nov 

Inventory Value 

Trend Line 

Signal Line 

In the 24 months up to November 2016, the value of the 

world civil helicopter * pre-owned inventory for sale has 

increased by 80%, from 648M to 1161M USD, exhibiting 

the effects of a sudden change in the industry in December 

2014. The Asia-Pacific ** inventory for sale, which represents 

10% of the global inventory, has experienced a similar 

79% growth in the same period. With now a new high of 

5.1% of the global civil helicopter fleet * for sale, versus 3.5% 

back in December 2014, this market has now resumed its 

expansion of helicopters for sale towards a clearer ‘buyer’s 

market’ territory, with now 218 aircraft on the market. 

This ratio is slightly lower in AsiaPacific ** with 21 aircraft 

for sale representing a stable 4.5% of the local fleet. 

Worldwide average asking prices remain relatively stable 

since April 2016 (+4.8% annual average) despite average 

days for sale continuing to breaking new records at now 

508 days! 

In Asia Pacific, asking prices have regained strength, averaging 

+19% annually, and days on market also remain high 

at 499 days, close to the August 2016 high of 573 days. 

The number of aircraft sold per month globally remains in 



AVG. ASKING PRICE 

MILLION USD 

7 

6.5 

ASIA PACIFIC 

line with the 12-months average of 7 

helicopters per month. 

With the uncertainty of currently 

6 

under-utilised large leasing helicopter 

fleets not advertised but potentially 

5.5 

available for sale, it is still too early to 

5.0 

WORLDWIDE 

predict whether the market will regain 

strength and transactions will pick up 

any time soon. 

4.5 

Although the aircraft * for sale and time 

4 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 

to sell them continue to increase, relatively 

high enduring asking prices both 

worldwide and in Asia Pacific along 

with still relatively low percentage of 

PERCENT OF AIRCRAFT FOR SALE (% OF FLEET) 

fleet * for sale are not yet displaying 

any sign of desperation from large 

5.5% 

ASIA PACIFIC 

helicopter owners to depart from their 

reduced-value assets. Such owners 

5.0% 

may remain optimistic for near-future 

renewed demand for their services and 

are to sustain the currently depressed 

4.5% 

market. 

4.0% 

3.5% 

WORLDWIDE 

* ASG chosen 16 popular aircraft models as 

described in this report 

** The Asia-Pacific ‘region’ is defined as all countries 

from India to Oceania inclusively (excluding 

Russia) 


3.0% 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 


700 

600 

500 

WORLDWIDE 

400 

300 

ASIA PACIFIC 

200 

100 

0 

Dec 

14 

Mar 

15 

Jun 

15 

Sep 

15 

Dec 

15 

Mar 

16 

Jun 

16 

Sep 

16 

Dec 

16 




CIVIL HELICOPTERS 


OFFER VS. DEMAND RATIO 

Pre-owned Sales - Last 12 Months 



OFFER HIGHER 

THAN DEMAND 

OFFER LOWER 

THAN DEMAND 

% OF FLEET 

FOR SALE 

HELICOPTER 

MODEL 

SHORTER TIME 

TO SELL 

LONGER TIME 

TO SELL 

16.6% 

S76C+ 

9.3% 

SIKORSKY 

S76C++ 

1.8% 

S92A 

3.3% 

2.9% 

3.7% 

BELL HELICOPTER 

BELL 412EP 

BELL 412HP 

BELL 429 

15.1% 

AW109E PWR 

AVERAGE 

3.4% 

2.7% 

LEONARDO 

AW109SP GN 

AW139 

AVERAGE 

9.0% 

AS332L1 

2.9% 

H225 

8.4% 

1.4% 

1.4% 

AIRBUS HELICOPTERS 

EC135P2 

EC135T2 

EC145 

26.7% 

EC155B 

9.3% 

H155 

350% 

300% 

250% 

200% 

150% 

100% 

50% 

0 

5.1% Avg. 

0 100 200 300 400 500 600 700 800 

Avg. AC for sale / Total sold in last 12 months 

Average Days For Sale on Market 

The pre-owned civil helicopter global inventory for sale is giving signs of 

a sustained position with an average offer-to-demand ratio continuing 

its descent from 276% to 244%. Despite the presumed buyer’s market, 

asking prices have yet to come down and transactions remain relatively 

stable. The S92A, Bell 412HP, Bell 429, AW109SP GN and EC135P2/T2 

aircraft models all enjoy more relative demand than offer, however with 

average days for sale continuing to increase from 493 to 508 in the 

last quarter for the worldwide fleet * , sellers of lower demand models 

such as the Sikorsky S76C+/++, Bell 412EP, AW109E PWR, AS332L1, 

H225, EC155B and H155 may need to adjust their price significantly 


downwards to complete a transaction. When combining the number 

of aircraft sold, days on market and offer vs demand ratios, the S92A, 

Bell 412HP, Bell 429, AW109SP GN, AW139 and EC145 appear to be 

the most popular models to exchange hands at this time. At 5.1% of 

the fleet * for sale, a low but steady level of transactions from a higher 

but stable inventory with persevering prices staying increasingly longer 

on the market, it is not yet clear if a more significant buyer’s market is 

nearby. 





BUYER’S MARKET 

More sellers than buyers 

or Lower prices to buy 

or Fewer transactions 

Balanced 

Offer & Demand 

SELLER’S MARKET 

More buyers than sellers 

or Higher prices to sell 

or More transactions 

SIKORSKY 

S76C+ 

S76C++ 

S92A 

Market Position 2016 Q3 

Market Position 2016 Q4 


BELL 412EP 

BELL 412HP 

BELL 429 

AW109E PWR 

LEONARDO 

AW109SP GN 

AW139 

AS332L1 

H225 


EC135P2 

EC135T2 

EC145 

EC155B 

H155 

As noticed last quarter, helicopter * average asking prices have not 

depreciated as one would have expected following a sudden increase 

of availability and time for sale on the market. Also, aircraft sales * 

have continued at similar levels throughout the last 24 months, 

although taking a much longer time to conclude. As the number of 

helicopters offered on the market stabilised around 200 since March 

2016, many models have now seen their position shift from a clear 

buyer’s market position towards a more balanced market territory. The 

S76C+/C++, AW109E PWR, AS332L1, EC155B and H155 all remain in a 

strong buyer’s market situation, as the S92A, Bell 412EP/HP, Bell 429, 

AW109SP GN, AW139, EC135T2 and EC145 display more balanced 

offer-demand characteristics. 

* ASG chosen 16 popular aircraft models as described in this report 



COMMITTED TO EXCELLENCE 

WORLDWIDE 

INTERVIEW WITH CHRISTOPHE NURIT, 


Interview by Litalia Yoakum 

After joining forces with global security and aerospace company 

Lockheed Martin in November of 2015, Sikorsky, a world leader 

in military and commercial rotary-wing aircraft, continues to 

evolve pushing the boundaries to achieve excellence. During the past 

year, the company has launched several new and enhanced customer 

service initiatives, including the opening of a new Customer Care 

Center dedicated to providing round-the-clock assistance to Sikorsky 

customers, as well as reaching milestones in flight hours and deliveries 

with a number of aircraft models. Committed to innovation, combined 

with a long history of expertise and a devoted customer base, Sikorsky 

is prepared to accomplish even more in the coming year. 

Based in Singapore, Sikorsky’s Regional Director, Asia, Christophe 

Nurit, is dedicated to the brand’s success in the growing market of Asia 

Pacific. Responsible for all military and commercial helicopter sales 

throughout the region, Nurit has led the Asia-Pacific sales for the past 

five years. His comprehensive approach to regional sales, along with 

12 years of experience in the aerospace industry, has prepared him for 

the task of expanding the market. 

What is the current outlook of the civil helicopter 

market, in Asia Pacific? 

We expect a steady growth over the next few years, both with our S-92 

and S-76D aircraft. Although the oil market is down, we are still seeing 

demand for our commercial products, with an emphasis for Search 

and Rescue (SAR) and Emergency Medical Service (EMS) services. 

We’ve seen a steady rise in those mission segments as developing 

countries find that they can afford medium-lift helicopters. Speed, 

reliability and technologically advanced aircraft are required for these 

time-sensitive and important missions within and between population 

centers, and across remote areas. 

The market for VIP helicopters in Asia continues to be a niche 

market. Sikorsky plays in the high-end portion of this segment and 

its customers do not compromise between safety, comfort and 

availability, and both the S-92 and the S-76 have proven to be the VIP 

aircraft of choice, used especially across the Southeast Asian region. 

What is one of Sikorsky’s largest markets within Asia 

Pacific? 

We have more than 35 S-92 and 125 S-76 aircraft operating throughout 

Asia, including the modern S-76D helicopter. The majority of these 

aircraft perform the critical mission of offshore oil transportation. 

Our largest commercial footprint is in China, with 24 legacy S-76s, 14 

S-92s, and our latest commercial variant, the S-76D. The search and 

rescue mission is very important to Sikorsky, as it fulfills the vision of 

our founder Igor Sikorsky for the helicopter as an instrument for saving 

lives. We are proud that the China Ministry of Transport (MOT) is 

performing this critical mission with a fleet of eight S-76D helicopters. 

Japan operates thirteen S-76D helicopters. 

What are some of the ways the company is working to 

expand its presence in the growing region? 

I’m glad you asked that, because, especially in this downturned oil 

market, we are committed to ensuring whenever our customers have 

a mission to fly, they choose Sikorsky. We’ve invested in a series 

of customer support improvements and have expanded support 

infrastructure in the region. This year, we began the in-country 

warehousing of spare parts, and regionally, opened a Forward Stocking 

Location in Australia, allowing us to deliver parts within hours rather 



than days. We have six Customer Support Centers throughout Asia, 

including in Japan, India, Malaysia and Australia. We appointed UI 

Helicopter as an authorized Customer Support Center for S-76 and S-92 

Helicopters in the Republic of Korea this year also. We plan to continue 

this momentum. 

Sikorsky often prides itself on having the latest 

technology. What are some of the latest developments 

we can expect from the company? 

Our customer support resources bring a wealth of technology not only 

to our aircraft but also to our customers’ operations. For example, 

each flight hour on an S-92 is captured and transmitted to our 

Customer Care Center in Trumbull, Connecticut, where the information 

is analyzed. Our advanced use of Health and Usage Monitoring System 

data allows us to forecast for parts replacement while enhancing 

safety. Analytical data reveals how we can make those aircraft 

more productive for our customers and prevent ‘aircraft on ground’ 

situations. Analytics that turn data into improved flight readiness 

helps our customers’ productivity by ensuring their aircraft are ready 

for every mission. And with more than one million flight hours on the 

worldwide fleet S-92 aircraft, Sikorsky has a wealth of valuable data 

about how to keep our aircraft available. 

Is there one model that is doing exceptionally well? 

Both the S-92 and S-76 are performing strongly across the region. 

We’ve seen a greater than 20 percent increase in global flight hours for 

the S-92 fleet. Recently, the S-92 was recognized as the sole heavylift 

helicopter for one region’s offshore utility helicopter work. This is 

based on the aircraft’s safety record and launch reliability, as well as 

the support systems behind the aircraft. We are very proud of our 

achievements there. 

The S-76D is also making a significant entry in Asia as two national 

search and rescue agencies have brought the S-76D into their fleets 

as part of modernization and expansion. In addition to China MOT as 

I mentioned earlier, the Japan Coast Guard has the aircraft stationed 

shipboard in rigorous maritime conditions where it leads their fleet in 

launch reliability. The S-76D is also being used for executive corporate 

helicopter transportation for several large companies throughout the 

region. 

The S-76 is a notable aircraft in Sikorsky’s history. 

How has the series evolved over the years? 

The S-76 series of helicopters has a remarkable lineage. When 

introduced, it defined the “medium” weight class of commercial 

helicopters. Safety, reliability and passenger comfort utilizing new 

technologies has always been the approach to each successive 

generation of S-76 aircraft model. Engine upgrades, avionics advances 

and expansion of maximum gross weight were hallmarks of S-76 

model evolutions. 

helicopters has completed nearly seven million hours of flight with an 

outstanding safety record. 

Has the S-76 series pre-owned market maintained 

buyer’s interest? 

Over time, there has been a sustained interest in pre-owned S-76 

helicopters, and they have generally maintained their residual value 

well. Based on their reliable characteristics and performance they 

are sought out in fleet applications as well as by smaller flight 

departments. 

Most recently, the S-76C++ has come to represent a particularly good 

value in the used helicopter market. The S-76C++ was the second 

most highly produced model after the S-76A. Therefore, there are 

many relatively low-time airframes available that are less than 10 

years old, and with a sustainable parts inventory. The S-76C++ also 

exhibits good engine power and efficiency for performance and range. 

Combined with a more uniform avionics suite these features make 

the S-76C++ an attractive aircraft addition for operators in the core 

mission segments. 

What are some accomplishments Sikorsky has 

achieved over this past year? 

This year has been a tremendous one for Sikorsky. We continue 

with a smooth integration into our new parent company, Lockheed 

Martin. Lockheed Martin is extremely interested in and committed to 

our commercial business. While we have a 40-year history working 

together as partners on military programs, now we can collaborate in 

new ways in the commercial arena as well. 

Also, in May the global fleet of Sikorsky S-92 helicopters surpassed 

one million flight hours in an impressively short time of less than 

12 years. With the S-92s reaching more than one million fleet flight 

hours of service and best-in-class safety record this year, we spent 

time celebrating this milestone with our customers, thanking them for 

their contributions in this journey. Similarly, the S-76 global fleet has 

amassed nearly 7 million flight hours and has a safety record that far 

surpasses other twin turbine helicopters. These product milestones, 

coupled with our new customer support initiatives including 

the opening of a state-of-the-art 24/7 Customer Care Center in 

Connecticut, have really made for a strong year for us, even in a tough 

oil market environment. 

What can the industry expect from Sikorsky over the 

coming years? 

We launched customer support improvement initiatives this year and 

have a relentless drive to ensure our customers are taken care of. 

You’ll see a continued focus on customer care, as well as our aircraft 

performing with the safety and reliability that the world has come to 

expect from Sikorsky products. 

The concept of continuous product improvement was applied to 

each model change. This, along with a robust customer service and 

support system, has permitted the S-76 fleet of helicopters to operate 

globally in over 40 countries. The delivered fleet of more than 850 S-76 

www.lockheedmartin.com/sikorsky 


in more than 27 countries, and a fleet of more 

than 135 aircraft on lease, coupled with a large 

Copyright © 2015 Waypoint Leasing Services LLC. All rights reserved.


SIKORSKY S-76C++ 

The S-76, first produced in the mid-1970s, set out to provide a mediumsized 

helicopter for corporate transportation and the oil drilling industry. 

After the production of a number of variants, the S-76C++ was introduced in 

2006 replacing previous models: A, A+, A++, B and C. The S-76C++ merges 

modern technology enhancements, including more powerful engines, along 

with luxurious interior appointments designed to improve executive comfort. 

The latest in the S-76 series is the S-76D, introduced in 2009.


Ideally designed and configured to perform multi-mission operations 

with maximum flexibility and effectiveness, particularly for oil and gas 

production, the S-76C++ offers speed, range, and exceptional payload 

capabilities. Powered by two Arriel 2S2 engines, the C++ has 6% more 

power compared to previous models, which improves the helicopter’s 

performance in hot and high conditions. A new engine barrier filtration 

system protects the engines from dirt and foreign object damage (FOD), 

as well as reduces cost and maintenance requirements. Adding Quiet 

Zone technology to the main transmission and the silencer interior 

provides an even more comfortable working and flying environment for 

crews and passengers. Cockpit enhancements include a more userfriendly 

quadrant, barrier filter monitor panel, and a ‘beeper’ switch on the 

collective stick which allows direct control of an engine in case of a dual 

full authority digital engine control (FADEC) failure. 

Upgrades from the C+ model to the C++ model include improved 

performance, with up to 8% more power and 500 pounds more payload, 

increased mission readiness, reduced maintenance costs and an 

improved workload with dual channel DECU. Overall, the C++ model is 

a more adaptable helicopter, prepared to endure harsher environments. 

SIKORSKY S-76C/D 

TOP 10 OPERATING COUNTRIES 

Aircraft in Operation 

140 

120 

100 

80 

60 

40 

28 

54 

41 

S-76C+ S-76C++ S-76D 

In March 2016, Sikorsky introduced a program enabling operators to 

upgrade their S-76C+ to the S-76C++ variant. The upgrade increases 

performance capabilities by expanding the aircraft’s mission envelope to 

S-76C++ profiles, including greater take off and cruising power, reduced 

pilot workload and higher useful loads. The upgrade is accomplished 

by the installation of an airframe kit manufactured by Sikorsky, and a 

separate upgrade of the Turbomeca 2S1 engine to the 2S2 variant, which 

may be obtained directly from Turbomeca. 

The worldwide Sikorsky C++ fleet stands at 214, with 9.8% (21) of those 

currently for sale. Produced until 2005, the S-76 C+ worldwide fleet 

stands at 145, with 22.1% (32) of those currently for sale. These are both 

above the average of 5.1%, the typical amount of helicopters available for 

sale (refer to chosen models in Market Dynamics) when compared to its 

worldwide fleet, showing an oversupply of both models. 

20 

48 

United States 

9 

29 17 

6 

Brazil 

China 

12 

4 

6 

Japan 

2 

5 

15 

Canada 

12 

5 

Nigeria 

13 

United Kingdom 

5 

7 

Trinidad and Tobago 

1 

6 8 

4 3 

Thailand 

Indonesia 

FLEET AGE DISTRIBUTION 

60 

S-76C+ S-76C++ S-76D 

50 

40 

30 

20 

10 

0 

1995 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 2016 



ASIA-PACIFIC S-76C/D FLEET 

TOP 7 OPERATING COUNTRIES 

ASIA-PACIFIC S-76C/D FLEET 

BREAKDOWN BY MISSION 

Malaysia (10%) 

South Korea (10%) 

Indonesia (11%) 

33+23+12+11+10+6+5+G 54+25+13+8+G 

India (5%) Multi-Mission (5%) 

China (33%) 

Corporate (13%) 

Thailand (12%) Japan (23%) Search & Rescue (25%) 

Offshore Operations (54%) 

The average asking price of the C++ is 7.08M USD, as of November 2016. 

This is down from 7.70M USD in November 2015. The average days spent 

on the market for the C++ is 321 (as of Nov 2016), up from 274 a year 

beforehand. The lowest amount of time spent on the market since than 

was 208 days, in May 2016. The average asking price of the C+ is 3.34M 

USD, as of November 2016, down from the previous November when the 

average asking price was 4.19M USD. The C+ spends an average of 602 

days on the market, a significant increase from 349 last year. 

When examining the overall fleet of the C++, the U.S. has the largest 

number in operation, with 54. Brazil and China follow with 41 and 17, 

respectively. The U.S., Brazil and Canada have the largest market of C+, 

and C++ and D models for sale. Regionally, North America has the most 

in operation with 61. Asia has 48, as well as South America. Within Asia 

Pacific, China has the most C++ models in operation, with 17. Indonesia 

has 8, Thailand has 6, and India has 5. 

and D models, with configurations specifically for offshore operations 

and multi-mission use. In Asia Pacific, 54% of the Sikorsky S76 variants 

currently in operation, including the C, C+, C++ and D, are used for offshore 

operations. Because of the S-76 series’ extensive use for oil and gas 

production, the line was immediately impacted. With the downturn came 

an almost immediate extraction of the helicopters from the market. Those 

in operation were forced to be grounded, leading to a decrease in value. 

Because of the series’ popularity, particularly in this segment, several large 

scale operations and contracts were cancelled. With this, there has been 

very little activity within the pre-owned market and prices continue to fall. 

www.lockheedmartin.com/sikorsky 

The depreciation of both models show the effect the oil and gas downturn 

has had on the helicopter industry, particularly the Sikorsky C, C+, C++ 

SIKORSKY S-76C++ MARKET CONDITIONS - PAST 12 MONTHS 

Average Asking Price (M USD) 

7,8 

7,6 

7,4 

7,2 

7,0 

6,8 

6,6 

6,4 

9 

7.7M 

11 

11 

10 

10 

16 

17 

16 

16 

16 16 

16 

7.07M 

18 

No. of Aircraft for Sale 

No. of Aircraft Sold 

Avg. Asking Price 

6,2 

6,0 

Nov-15 

Dec-15 

Jan-16 

Feb-16 

Mar-16 

Apr-16 

1 1 1 

May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 



PRE-OWNED SIKORSKY S-76C++ FOR SALE 

REF Configuration Delivery Year Airframe Time Asking Price Days on Market 

1 Offshore 2005 4,051 $ 6,000,000 75 

2 VIP 2006 1,481 $ 4,100,000 353 

3 Offshore 2006 6,621 $ 7,300,000 403 

4 SAR 2007 3,500 $ 8,000,000 698 

5 VIP 2007 1,295 $ 8,100,000 628 

6 Offshore 2007 6,972 $ 6,500,000 235 

7 VIP 2007 1,257 $ 6,750,000 474 

8 VIP 2007 3,800 $ 4,950,000 Off Market 

9 VIP 2008 1,200 $ 9,675,000 206 

10 Offshore 2008 3,300 $ 7,000,000 7 

11 Utility 2008 4,720 $ 7,000,000 216 

12 Offshore 2008 3,300 Make Offer 7 

13 Utility 2008 4,035 $ 7,000,000 222 

14 Offshore 2009 5,096 $ 7,700,000 128 

15 VIP 2009 212 $ 6,450,000 684 

16 Offshore 2009 4,138 $ 7,700,000 346 

17 Offshore 2009 5,469 $ 9,250,000 512 

18 Utility 2010 4,384 $ 7,000,000 222 

19 Utility 2010 3,153 $ 7,000,000 222 

20 Offshore 2010 2,746 $ 7,000,000 222 

SIKORSKY S-76C++ PRICE VS AGE-TIME SCORE* 

Asking Price (M USD) 

10 

9.5 

9 

8.5 

8 

7.5 

7 

6.5 

6 

15 

20 

19 

9 

18 

5 

7 

16 

10 

14 

17 

4 

13 11 

1 

6 

3 

CONFIGURATION: 

OFFSHORE 

VIP 

SEARCH & RESCUE 

UTILITY 

5.5 

5 

8 

4.5 

4 

2 

3.5 

3 

Age Time Score 

(2x Year of Manufacturing + Airframe Time) 

* No.12 not shown in the graph as no convincing average trend can be determined. 

* No.2 and No.8 are currently under contract, no.8 is currently “make offer” on market. 




MANAGING THE ROTARY 

MARKET IN SE ASIA 

INSIDE ASIAN SKY GROUP: 

NEIL MARSHALL, 

VICE PRESIDENT, SOUTHEAST ASIA 

Interview by Litalia Yoakum 

As the latest addition to the team, Neil Marshall has joined Asian 

Sky Group (ASG) as Vice President, Southeast Asia. With over 

25 years of experience in aviation, Marshall brings a wealth 

of experience to the role and from a different side of the industry, 

specifically in rotary. In his new role, the new VP aims to provide the 

Southeast Asian region with assistance on both the operational and 

financial sides of the market. 

Tell me about your background and how you ended up 

with ASG? 

My background in aviation started with fixed-wing leasing in London, 

in the early 1990s. I went onto specialize in helicopters and their 

operations when I joined Bristow in 2004 who, at the time, were the 

largest provider of rotary support to the oil and gas industry. 

After Bristow I worked for AgustaWestland (now known as Leonardo) 

and Lobo Leasing in Kuala Lumpur, where I assisted with their APAC 

helicopter leasing business. 

Utilizing my experience in the rotary world, I feel that with ASG I can 

add tangible value and insight to help helicopter companies - both 

financially and operationally - on how to best cope in the current 

market situation and additionally help position them for the future. 

When did you begin working in the Asia-Pacific 

region? 

I started travelling to the APAC region in 2006 being responsible for 

activity in the region from Bristow’s offices in the UK. I moved to 

Kuala Lumpur in 2010 when we dry leased helicopters to a Malaysian 

operator and have remained there ever since. 

How has the rotary/civil helicopter industry evolved in 

the region, since the time you arrived? 

Within my relatively short time in Asia the region has fully embraced 

the many technologic advances and enhancements in aviation, 

especially where modern avionics are concerned. 

The growth in Asia has enabled operators across the region to 

embrace greater safety performances that new aircraft offer. In 

many Southeast Asia countries, some regulatory authorities have 

imposed an age limit on aircraft being imported into their country. The 

consequence of which reinforces the fact that Asia is demanding new 

aircraft and will not accept older technology. 

A further example of evolution within the territory comes as operators 

are now beginning to share maintenance and performance information 

among themselves so as to instigating and continually improve their 

own Safety Management Systems (SMS) to a much higher level, thus 

recognizing that safety is a more key component today than it ever 

used to be. 

What is the current outlook of the civil helicopter 

market in the Asia-Pacific region? 

The fact that Airbus Helicopters and Leonardo have both invested 

heavily with new, state of the art facilities across the region is a 

testament to their belief that the APAC represents a significant market 

for them. 

Despite the steep drop off in the oil and gas helicopter markets, there 

are many other missions within Asia that helicopters are being utilized 

for. Forest fire management, powerline construction and maintenance, 

wind turbine construction and maintenance plus harbor pilot transfers 

are industries suitable for rotary missions complimenting the more 

traditional VIP, emergency medical service (EMS) and aerial surveying 

operations. 

The growth of drone technology will also start to compete for 

surveying and reconnaissance missions, however for all other flights 

involving the movement of people, helicopters remains the only 

plausible answer. 



How is the helicopter industry being impacted by the 

downturn in the oil and gas markets? 

The sustained low price of oil has, without exception, had a detrimental 

effect on helicopter operators, OEMs and leasing companies that 

support it. The continued low oil price is unfortunately causing a 

greater impairment to the supporting rotary industry than we have 

seen before in any previous downturns. Not until there is a sustained 

recovery in the price of oil to a level that will support capital investment 

will we see a change in fortunes in this industry. 

All businesses continue to reduce their overheads, mothballing or 

returning assets and laying off often irreplaceable skilled personnel. 

With no determinable end in sight to this crisis, the question now is 

can helicopter operators survive and will there be sufficient expertise 

left when the upturn eventually comes? 

What challenges does the industry face? 

We have seen every helicopter operator associated with the oil 

industry declaring that they are in crisis. One major operator has filed 

for Chapter 11, causing panic with the lessors and OEMs. The situation 

has been exacerbated with the global grounding of a much used heavy 

helicopter type due to an accident. 

If the downturn continues for a further year or two, there may not be 

much expertise left within the global industry to support a return to 

normality. 

So what are the challenges for the operators? 

• To remain financial viable and regulatory compliant in the face of 

adversity. 

• To diversify into other rotary missions possibly using different 

helicopter types. 

What needs to be done to overcome these challenges? 

With regard to oil and gas operators, I think the concept of equitable 

risk sharing among all stakeholders needs to be explored further. 

Historically in Asia, helicopter operators have danced to the tune 

of the oil companies. Operators often accept contract terms that 

expose them to unnecessary operational and financial risks for fear 

of not winning or losing a contract despite having already invested in 

expensive capital equipment, inventory and personnel to support an 

offshore project. 

OEMs have also had their problems supporting operations with spares 

parts and inventory. Improvement here is key because oil companies 

expect a high level of helicopter reliability and impose heavy financial 

penalties to the operator if these targets are not met. 

A collective sharing in these risks and responsibilities is what the 

industry should be looking to achieve for the greater good of all 

concerned. 

What are you hoping to achieve in your new role with 

ASG? 

With my knowledge and experience, I am hoping that I can initially act 

as an intermediary to helicopter operators, championing their cause 

with stakeholders so as to help them position to take advantage when 

the market returns. 

Furthermore, because there is likely to be new personnel in key 

stakeholder positions, it provides a genuine opportunity for a new 

beginning where we all learn from one another in an effort to make the 

industry more equitable in terms of risk going forward. 

www.asianskygroup.com 

• To level the playing field where the helicopter operator relinquishes 

some risks to the stakeholders. 

• Gaining financial assistance from lessors and banks. 


AIRCRAFT POSITIONING 

BUSINESS JETS 

Aircraft Estimated Total Yearly Cost vs Maximum Range 

Mid - Size 

Large 

Long Range 

Corp. Airliner 

1 ACJ318 

2 ACJ319 

3 ACJ320 

4 ACJ321 

5 BBJ 

6 BBJ2 

7 BBJ3 

8 CL850 

9 CL870 CS 

10 CL890 CS 

11 Lineage 1000E 

12 F7X 

13 F8X 

14 G550 

15 G650 

16 G650ER 

17 Global 5000 

18 Global 6000 

19 Global Express 

20 Global Express XRS 

21 G-V 

22 CL604 

23 CL605 

24 F2000 

25 F2000DX 

26 F2000EX 

27 F2000LX 

28 F2000LXS 

29 F2000S 

30 F900EX 

31 F900EX EASy 

32 F900LX 

33 G300 

34 G350 

35 G450 

36 G-IV 

37 G-IVSP 

38 Legacy 600 

39 Legacy 650 

40 Astra SP 

41 Cit. Latitude 

42 Cit. Sovereign 

43 Cit. Sovereign+ 

44 Cit. X 

45 Cit. X+ 

46 CL300 

47 CL350 

48 F50EX 

49 G100 

50 G150 

51 G200 

52 G280 

53 H4000 

54 H800 

55 H800XP 

56 H850XP 

57 H900XP 

58 L60XR 

59 Legacy 450 

60 Legacy 500 

83 

Light 

Very Light 

84 

90 

61 Beechjet 400 

62 Cit. Bravo 

63 Cit. CJ2 

64 Cit. CJ2+ 

65 Cit. CJ3 

66 Cit. CJ3+ 

67 Cit. CJ4 

68 Cit. Encore 

69 Cit. Encore+ 

70 Cit. Excel 

71 Cit. Ultra 

72 Cit. VII 

73 Cit. XLS 

74 Cit. XLS+ 

75 Diamond 1A 

76 H400XP 

77 L40XR 

78 L45XR 

79 L70 

80 L75 

81 Nextant 400XTi 

82 Phenom 300 

83 Cit. CJ1 

84 Cit. CJ1+ 

85 Cit. M2 

86 Cit. Mustang 

87 Eclipse 550 

88 HondaJet 

89 Phenom 100E 

90 Premier IA 

63 

89 

88 

61 

76 

65 

70 

69 

68 

75 

62 

85 

4 

3 

1 

11 

35 

32 

39 

8 

28 

10 

38 

23 

9 

29 

31 

47 34 

45 52 

27 

60 

46 

30 

37 

25 

44 

24 

33 

43 36 

41 

22 

59 

26 

48 

50 51 

42 

53 

80 

74 

79 

57 

56 

55 

77 72 58 

78 82 67 54 

73 

49 

66 

40 

64 

81 

71 

7 

6 

2 

5 

18 

15 

14 

13 

17 12 

20 

19 

21 

16 

20 

19 

18 

17 

16 

15 

14 

13 

12 

11 

10 

9 

8 

7 

6 

5 

4 

3 

2 

TOTAL YEARLY COST (MILLION USD/YEAR) 

86 

87 

1 

550 750 1000 1500 2000 3000 4000 5000 6000 7000 8000 

MAX RANGE (N.M.) 

* Total Yearly Cost estimated using Conklin & de Decker 2016 industrial cost figures for aircraft acquisition cost 

on 10 years, plus yearly operating cost, plus adjustments to account for regional differences and financing. 



MARKET SUMMARY PER MODEL — BUSINESS JETS 

AVERAGE ASKING PRICE & NO. OF AIRCRAFT FOR SALE 

ACJ318 

AIRBUS 

$42.2 

$39.7 

$34 

SPECS 

Max Range 

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

Max Speed 

Mach 0.82 

Typ. Passengers 

FOR SALE 


No. for sale 

Avg Asking Price 

Avg Days on Market 

19 

4 (20.0%) 

34M USD 

1,021 

6 

5 

4 

SOLD 

Past 12 Months 

Past 3 Months 

0 

0 

Nov Feb May Aug Nov 

2015 2016 

FEATURED AIRCRAFT 

2011 ACJ318 

SN4878 

278 HOURS SINCE NEW 

99 CYCLES SINCE NEW 

• UNDER 300 HRS TOTAL TIME 

• 19 PAX + 2 CREW SEATS TTOL CERTIFIED 

• CABIN WIFI AND SATELLITE PHONE 

• INCREASED DESIGN WEIGHTS 

• PROVISIONS FOR 2 ACTS, 

SINGLE HUD SYSTEM AND STEEP APPROACH 

CERTIFICATION 

• POLAR NAVIGATION CAPABILITY 

• OVER 3,000 N.M RANGE / 7 FH PLUS 

• JUST COMPLETED C 02 CHECK INC. BOROSCOPES 

ASKING PRICE: 

31.5M USD 

REDUCED PRICE 



+852 2235 9222 



AIRBUS 

ACJ319 

$59.8 

$45.8 

$52.7 

SPECS 

Max Range 

Max Speed 


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

Mach 0.82 

19 

7 7 

FOR SALE 


No. for sale 



5 (7.0%) 

52.7M USD 

261 

5 

SOLD 


Past 3 Months 

4 

0 




2006 ACJ319 

SN2706 

5,781 HOURS SINCE NEW 

1,299 CYCLES SINCE NEW 

• 5 ADDITIONAL CENTER TANKS (ACTS) 

• INTERIOR REFURBISHED IN 2011 

• 1A CHECK COMPLETED ON MAY 19, 2016 

• TOTAL 19 TTOL PASSENGER SEATS 

• 4,750 N.M. RANGE / 11 HRS FLIGHT TIME WITH 15 PAX 

ASKING PRICE: 

39M USD 

REDUCED PRICE 


+852 2235 9222 




BBJ 

$45.2 

BOEING 

$41.7 

$39.1 

SPECS 

Max Range 

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

12 

14 

13 

Max Speed 


Mach 0.82 

19 

FOR SALE 


No. for sale 



13 (10.0%) 

39.1M USD 

403 



SOLD 


Past 3 Months 

7 

2 


2015 BBJ 

SN61040 



• NEWEST BBJ ON THE MARKET WITH UNDER 400 HRS 

• ONE OF THE LONGEST RANGE BBJS: 8 AUXILIARY FUEL 

TANKS AND SPLIT SCIMITAR WINGLETS (6,000 N.M) 

• ENROLLED ON BBJ COMPONENTS 

EXCHANGE PROGRAM 

• CABIN EQUIPMENT SABENA TECHNICS 

WARRANTY PROGRAM 

• MAINTENANCE CONTROL: CAMP MTX SYSTEM 

• HUD WITH SVS 

• 16 PASSENGER INTERIOR WITH VIP BEDROOM AND 

LAVATORY 

• OPTIONAL NEW INTERIOR AVAILABLE TO BE 

DELIVERED IN 2017 

ASKING PRICE: 

76.5M USD 

NEW ARRIVAL 



+852 2235 9222 



BBJ2 

BOEING 

$67.0 $67.0 

$55.6 

3 

SPECS 

Max Range 

Max Speed 


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

Mach 0.82 

19 

2 2 



FOR SALE 


No. for sale 



SOLD 


Past 3 Months 

2 (9.5%) 

67.0M USD 

449 

1 

0 

BELL HELCIOPTERS 

SIKORSKY 

A YEAR IN REVIEW 

busi n e s s av i at ion i n the asi a pac i f ic 

NOW AVAIL ABLE 

W W W.ASIANSKYGROUP.COM 




CHALLENGER 604/605 

$13.8 

CL605 

$12.6 

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 

$6.8 

CL604 

$6.3 

$11.9 

$5.8 

BOMBARDIER 

FOR SALE 


No. for sale 



37 (10.2%) 

5.8M USD 

311 

33 (11.5%) 

11.9M USD 

230 

64 

72 70 

SOLD 


Past 3 Months 

22 

0 

28 

6 



CHALLENGER 850 

$11.0 

$9.4 

$9.0 

SPECS 

Max Range 

Max Speed 


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

Mach 0.80 

14 

15 

FOR SALE 


No. for sale 



7 (10.4%) 

11.0M USD 

718 

10 

7 

SOLD 


Past 3 Months 

6 

1 






GLOBAL 5000 

$19.9 

$18.3 

BOMBARDIER 

$15.9 

SPECS 

Max Range 

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

Max Speed 

Mach 0.89 


13 

19 

23 

21 

FOR SALE 


No. for sale 



21 (9.9%) 

18.3M USD 

302 



SOLD 


Past 3 Months 

7 

0 


2007 GLOBAL XRS 

SN9250 



• BEST PRICED 2007 XRS ON THE MARKET 

• AIRCRAFT ENROLLED ON BOMBARDIER SMART PARTS, 

JSSI PLATINUM AND HONEYWELL MSP 

• ENHANCED VISION SYSTEM AND HEAD UP FLIGHT 

DISPLAY SYSTEM 

• SATCOM 6100 WITH HST-2100 HIGH SPEED DATA AND 

IRIDIUM TELEPHONE 

• EASA OPS1 APPROVED 

• 99,500 LBS MTOW SB INSTALLED 

• 14 PAX INTERIOR WITH GLOBAL OFFICE PACKAGE, 

AND WIRELESS LAN 

• NEW CARPET AND DADO CHANGED IN 2013 

ASKING PRICE: 

CALL FOR PRICING 

NEW ARRIVAL 


+852 2235 9222 




GLOBAL 6000 

$47.5 

SPECS 

Max Range 

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

$40.0 

$37.1 

BOMBARDIER 

Max Speed 

Mach 0.88 


FOR SALE 


No. for sale 



13 

12 (6.0%) 

37.1M USD 

189 

8 

12 

13 

SOLD 


Past 3 Months 

5 

0 




2011 GLOBAL XRS 

SN9422 



• 12 PASSENGERS EXECUTIVE CONFIGURATION 

• KU-BAND HIGH SPEED CONNECTIVITY, GLOBAL OFFICE 

PACKAGE W/ WIFI, SAT-6100 AND ICS-100 IRIDIUM 

• COMPLETED BATCH 3 AVIONICS UPGRADE , ADS-B OUT, 

FANS 1/A+ AND EVS/HUD 

• TWELVE (12) PASSENGERS INTERIOR WITH AVOD, ASXI, 

THREE 21.3-INCH MONITORS AND SIX 10.4-INCH 

MONITORS 

• 60 MONTH (4C CHECK) COMPLETED DEC. 9, 2016 

ASKING PRICE: 

22M USD 

NEW ARRIVAL 



+852 2235 9222 



FALCON 7X 

$34.6 

$27.7 

$27.3 

SPECS 

Max Range 

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

Max Speed 

Mach 0.90 

DASSAULT 

26 26 

31 


FOR SALE 


12 

No. for sale 



26 (9.8%) 

27.3M USD 

246 



SOLD 


Past 3 Months 

18 

4 


2008 FALCON 7X SN32 

2011 FALCON 7X SN130 

1,882 Hours, 12 Pax 24,700,000 USD 2,223 Hours, 15 Pax 

24,950,000 USD 

2000 FALCON 2000 SN112 

2010 FALCON 2000LX SN223 

NEW ARRIVAL 

5,350 Hours, 10 Pax 

5,900,000 USD 


MAKE OFFER 

Contact us: sales@asianskygroup.com +852 2235 9222 




FALCON 2000LX/LXS/S 

Make 

Offer 

$30.0 

FALCON 2000LXS 

$29.0 

$27.9 

None 

For Sale 

$19.5 

FALCON 2000LX 

$19.5 

SPECS 

Max Range 

2000LX 

2000LXS 

2000S 

4,000 N.M. / 4,000 N.M. / 

3,350 N.M. / 

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

$14.5 

Max Speed 


FOR SALE 


Mach 0.83 

10 

Mach 0.83 

10 

Mach 0.83 

10 

15 

14 

13 

DASSAULT 

No. for sale 



13 (9.9%) 

14.5M USD 

247 

0 (0.0%) 

N/A 

0 

0 (0.0%) 

N/A 

0 

SOLD 


Past 3 Months 

7 

1 

0 

0 

0 

0 




2010 FALCON 900LX SN248 

2007 FALCON 900EX SN181 

NEW ARRIVAL 

1,675 Hours, 13 Pax MAKE OFFER 3,560 Hours,11 Pax 

21,800,000 USD 

2009 FALCON 900EX EASy SN205 

2003 FALCON 900EX EASy II SN128 

REDUCED PRICE 


17,900,000 USD 

NEW ARRIVAL 

4,440 Hours,14 Pax 

MAKE OFFER 





FALCON 900DX/EX/EX EASy/LX 

$30.9 

F900LX 

$28.9 

$25.1 

$20.8 

F900EX EASy 

$17.6 

$16.4 

DASSAULT 

$13.8 

$10.4 

F900DX 

F900EX 

$13.0 $13.0 Make 

Offer 

$9.5 $8.7 

SPECS 

Max Range 

Max Speed 


F900DX 

4,100 N.M. / 

7,593 km 

F900EX 

4,500 N.M. / 

8,334 km 

F900EX EASy 

4,500 N.M. / 

8,334 km 

F900LX 

4,750 N.M. / 

8,800 km 

Mach 0.83 

12 

Mach 0.83 

12 

Mach 0.83 

12 

Mach 0.83 

12 

FOR SALE 


39 

33 

34 

No. for sale 



1 (4.2%) 

Make Offer 

386 

12 (10.2%) 

8.7M USD 

350 

12 (10.0%) 

16.4M USD 

658 

9 (18.0%) 

25.1M USD 

221 

SOLD 




Past 3 Months 

0 

0 

10 

1 

6 

1 

4 

2 


2011 FALCON 900LX 

SN258 



• ONE OWNER SINCE NEW 

• AVAILABLE FOR VIEWING IN WILMINGTON, U.S. 

• A/2A/A+/2A+/Z INSPECTIONS - 

DECEMBER 2015 BY HAWKER PACIFIC 

• CAMP MAINTENANCE TRACKING PROGRAM 

• HONEYWELL MSP 

• FALCONCARE PROGRAM COVERAGE 

• HONEYWELL 2ND CERT EASY II AVIONICS 

SUITE UPGRADE 

• ADS-B OUT 

• CPDLC 

ASKING PRICE: 

22.95M USD 


+852 2235 9222 




LEGACY 600/650 

$20.6 

Legacy 650 

$18.5 

$18.1 

$8.7 

Legacy 600 

$7.9 

$8.0 

SPECS 

Max Range 

Max Speed 


Legacy 600 

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

Mach 0.80 

13 

Legacy 650 

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

Mach 0.80 

13 

31 

47 49 

FOR SALE 


No. for sale 



33 (19.0%) 

8.0M USD 

371 

16 (17.4%) 

18.1M USD 

263 



SOLD 


Past 3 Months 

14 

3 

7 

1 

EMBRAER 


2008 LEGACY 600 

SN14501069 



• ENGINE ENROLLED ON 

ROLLS ROYCE CORPORATECARE 

• AIRFRAME ENROLLED ON EMBRAER 

STANDARD EEC (INCLUDING AVIONICS, 

AIRFRAME, APU ) 

• COMPLETED 72-MONTH INSPECTION IN 

NOV 2014 AND RVSM COMPLIANCE 

• ADS-B OUT INSTALLED 

• CAT II, RVSM CERTIFICATION 

• DUAL FLIGHT MANAGEMENT SYSTEM 

• DATALINK CAPABILITY 

ASKING PRICE: 

9.3M USD 


+852 2235 9222 




LINEAGE 1000/E 

$39.0 $39.0 Make Offer 

SPECS 

Max Range 

Lineage 1000 

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

Lineage 1000E 

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

Max Speed 

Mach 0.82 

Mach 0.82 


19 

19 

5 

FOR SALE 


No. for sale 



5 (18.5%) 

Make Offer 

260 

3 

4 

EMBRAER 

SOLD 


Past 3 Months 

2 

0 




2007 LEGACY 600 SN14501014 

2004 G200 SN102 

REDUCED PRICE 


5,500,000 USD 

2005 G200 SN118 

WeChat 

Email Subscription 


MAKE OFFER 

Scan the code to subscribe to ASG’s newsletter 

and stay updated on the latest aircraft for sale. 





G200 & G280 

$21.1 

G280 

$19.0 

$16.3 

$5.7 G200 

SPECS 

Max Range 

Max Speed 


G200 

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

Mach 0.81 

8 

G280 

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

Mach 0.84 

8 

$5.0 $4.9 

46 

FOR SALE 


43 

No. for sale 



41 (16.7%) 

4.9M USD 

311 

5 (5.2%) 

16.3M USD 

140 

38 

SOLD 


Past 3 Months 

50 

11 

4 

2 




2006 G200 SN154 2007 G200 SN156 

GULFSTREAM 

3,411 Hours, 10 Pax MAKE OFFER 2,229 Hours, 9 Pax 

6,900,000 USD 

2007 G200 SN168 

2013 G280 SN2025 

214 Hours, 9 Pax 


MAKE OFFER 

214 Hours, 9 Pax 

MAKE OFFER 





$20.0 

$18.4 

$15.6 

SPECS 

Max Range 

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

36 

32 

Max Speed 


Mach 0.85 

13 

26 

FOR SALE 


No. for sale 



32 (9.4%) 

18.4M USD 

293 



SOLD 


Past 3 Months 

32 

12 

GULFSTREAM 


2008 G450 SN4101 2005 G450 SN4024 

3,027 Hours, 14 Pax MAKE OFFER 4,516 Hours, 14 Pax 

MAKE OFFER 

2003 G550 SN5015 2011 G550 SN5340 

REDUCED PRICE 

NEW ARRIVAL 


32,000,000 USD 





$29.9 

$28.3 

SPECS 

Max Range 

Max Speed 


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

Mach 0.87 

18 

$25.0 

43 

FOR SALE 


No. for sale 



43 (8.1%) 

25.0M USD 

237 

32 33 

SOLD 


Past 3 Months 

33 

8 




2009 G550 

SN5231 

GULFSTREAM 

ENTRY INTO SERVICE: 2009 



• 18 PAX CONFIGURATION 

• ENROLLED WITH ROLLS-ROYCE CORPORATE CARE 

& HONEYWELL MSP PLANS 

• FORWARD GALLEY / FORWARD & AFT LAVATORIES 

• SATCOM / WLAN 

• TAWS / TCAS / EVS / HUD 

• ADSB-OUT 

ASKING PRICE: 



+852 2235 9222 

REDUCED PRICE 




$75.0 

$69.0 

$67.0 

$64.6 

$61.0 

$60.8 

19 

SPECS 

Max Range 

Max Speed 


G650 

7,000 N.M. / 12,964 km 

Mach 0.90 

18 

G650ER 

7,500 N.M. / 13,890 km 

Mach 0.90 

18 

16 

FOR SALE 


10 

No. for sale 



14 (9.8%) 

60.8M USD 

279 

5 (8.9%) 

67.0M USD 

258 



SOLD 


Past 3 Months 

12 

2 

4 

1 

GULFSTREAM 


2014 G650 

SN6109 



• U.S. BASED & REGISTERED SINCE NEW 

• HONEYWELL SWIFTBROADBAND HIGH SPEED DATA 

INTERNET 

• HONEYWELL DBS SATELLITE TELEVISION 

• ENHANCED NAV & SYNTHETIC VISION 

• FANS 1/A CPDLC/ADS-B OUT /RNP 

• RUNWAY AWARENESS ADVISORY SYSTEM (RAAS) 

• 15 PASSENGER, FORWARD GALLEY CUSTOM 

CONFIGURATION 

• TRANSFERABLE MANUFACTURER WARRANTIES 

• ENROLLED ON GCMP 

ASKING PRICE: 

MAKE OFFER 


+852 2235 9222 



AIRCRAFT POSITIONING 


Aircraft Acquisition Price vs Maximum Range 

Heavy 

Medium 

Light Twin 

1 AS332 L1e 

2 AW189 

3 H225 

4 S-92 

5 H175 

6 Bell 412EPI 

7 S-76D 

8 AW139 

9 H155 

10 H145 

11 S-76C++ 

12 AC312* 

13 EC145 

14 AW 169 

15 AW109 GN 

16 H135 

17 Bell 430 

18 Bell 429 

19 MD 902 

20 AW109 Power 

Single Tubine 

Piston 

21 AW119 Kx 

22 H130 

23 Bell 407GXP 

24 AC311* 

25 H125 

26 Bell 407 

27 MD 600N 

28 Bell 206L4 

29 MD 520N 

30 MD 530F 

31 H120 

32 MD 500E 

33 S-333 

34 EN480B 

35 R66 

36 R44 Raven II 

37 R22 Beta II 

6 

1 

11 

18 

16 

10 

14 

8 

15 

13 

12 

7 

2 

9 

4 

5 

3 

32.0 

30.0 

28.0 

26.0 

24.0 

22.0 

20.0 

18.0 

16.0 

14.0 

12.0 

10.0 

8.0 

19 

20 

4.0 

29 

30 

32 

22 

23 

25 

17 24 

26 

28 

31 

27 

21 

2.0 

1.0 

AIRCRAFT ACQUISTION PRICE (MILLION USD) 

33 

35 

34 

0.5 

36 

0.3 

37 

0.1 

200 250 300 350 400 450 500 550 600 650 700 

MAX RANGE (N.M.) 

* Aircraft Purchase Price estimated using ASG database for aircraft acquisition cost and Conklin & de Decker 2016 industrial cost figures for aircraft range. 



MARKET SUMMARY -- HELICOPTER 

MARKET SUMMARY PER MODEL — CIVIL HELICOPTERS 

AVERAGE ASKING PRICE & NO. OF AIRCRAFT FOR SALE 

EC135T2 & P2 

$2.7 EC135P2 

$2.7 $2.7 

$2.4 

EC135T2 

$1.8 $1.8 

SPECS 

Max Range 

Max Speed 


EC135T2 

332 N.M. / 614 km 

127 Knots 

6 

EC135P2 

332 N.M. / 614 km 

127 Knots 

6 

12 

12 

15 

FOR SALE 


No. for sale 



2 (1.4%) 

1.8M USD 

1,206 

13 (8.4%) 

2.7M USD 

529 



SOLD 


Past 3 Months 

4 

1 

10 

1 


2013 EC135 P2+ SN1107 2008 EC145 SN9226 


NEW ARRIVAL 

1,450 Hours, 5 Pax, EMS/VIP MAKE OFFER 2,483 Hours, 8 Pax, Utility 

MAKE OFFER 


WeChat 

Email Subscription 

Scan the code to subscribe to ASG’s newsletter 

and stay updated on the latest aircraft for sale. 





2008 EC130B4 SN4601 

DELIVERY YEAR: 2008 

HOURS: 1,698, CYCLES: 3,465 SINCE NEW 

• UTILITY CONFIGURATION • ALWAYS HANGARED 

• CARGO HOOK 

• 7 SEAT CONFIGRATION 

• DUAL CONTROLS 

• AIR CONDITIONING SYSTEM 

• EMERGENCY FLOATATION GEAR - FIXED PARTS 

• ALWAYS MAINTAINED BY AIRBUS HELICOPTERS 

2005 EC135P2 SN0437 


HOURS: 875, CYCLES: 2,483 SINCE NEW 

ASKING PRICE: 

MAKE OFFER 

• AIR CONDITIONING 

• POP-OUT FLOATS 

• ELT 

• AUTO PILOT (SAS) 

• 4 SEATS VIP CONFIGURATION 

• DUAL PILOT CONTROLS 

• SP/DP IFR 

• NO DAMAGE HISTORY 

NEW ARRIVAL 

ASKING PRICE: 

MAKE OFFER 

2010 EC135P2+ SN0897 



NEW ARRIVAL 

• EMS CONFIGURATION 

• NIGHT VISION GOGGLE COCKPIT LAYOUT 

• THALES MEGHAS DISPLAY SYSTEM SP / DP IFR 

• SINGLE AC SYSTEM WITH INVERTER 

• DUAL FLIGHT CONTROLS 

• EMERGENCY FLOAT SYSTEM 

ASKING PRICE: 

MAKE OFFER 


2011 EC135P2+ SN0942 

NEW ARRIVAL 



• EMS CONFIGURATION 

• NIGHT VISION GOGGLE COCKPIT LAYOUT 

• THALES MEGHAS DISPLAY SYSTEM SP / DP IFR 

• SINGLE AC SYSTEM WITH INVERTER 

• DUAL FLIGHT CONTROLS 

• EMERGENCY FLOAT SYSTEM 


ASKING PRICE: 

MAKE OFFER 



EC145 

$4.5 

$4.5 

$4.5 

SPECS 

Max Range 

461 N.M. / 855 km 

Max Speed 

131 Knots 


FOR SALE 


No. for sale 



9 

10 (1.4%) 

4.5M USD 

326 

10 

10 

10 

SOLD 


Past 3 Months 

6 

3 



AS332L1 & H225 


$25.5 $25.5 $25.5 

H225 

SPECS 

Max Range 

AS332L1 

452 N.M. / 837 km 

H225 

452 N.M. / 837 km 

$8.4 $8.5 $8.5 

AS332L1 

Max Speed 

142 Knots 

142 Knots 


19 

19 

FOR SALE 


No. for sale 



6 (9.0%) 

8.5M USD 

581 

5 (2.9%) 

25.5M USD 

361 

8 

11 11 

SOLD 


Past 3 Months 

1 

0 

0 

0 






EC155B & H155 

$5.7 

H155 

$5.6 $5.6 

$3.3 $3.3 

$2.5 

16 

EC155B 

18 

21 

SPECS 

Max Range 

Max Speed 


FOR SALE 


No. for sale 



EC155B 

516 N.M. / 955 km 

135 Knots 

13 

8 (26.7%) 

3.3M USD 

862 

H155 

516 N.M. / 955 km 

150 Knots 

13 

13 (9.3%) 

5.6M USD 

400 



*EC155B1 has changed its model name to H155 

SOLD 


Past 3 Months 

1 

1 

1 

0 


2008 EC155B1 SN6825 

HOURS: 3,984 SINCE NEW 

• EMERGENCY FLOATS (FP+RP) 

• 12 SEATS OFFSHORE CONFIGURATION 

• 5 SEATS CORPORATE CONFIGURATION 

• WEATHER RADAR 


ASKING PRICE: 

MAKE OFFER 

2015 H225 SN2968 

FERRY FLIGHT HOURS/LANDINGS ONLY 

• C-CLASS UTILITY OPERATIONS • 19 PASSENGERS 

• EMERGENCY FLOTATION GEAR WITH • COCKPIT & CABIN AC 

AUTOMATIC FIRING 

• CARGO SLING W/ DYNAMOMETER 

• MULTIPURPOSE ENGINE AIR INTAKES 

(ANTI-SAND & ANTI-ICE FILTERS) 


ASKING PRICE: 

MAKE OFFER 




BELL 429 

$5.7 

$5.5 

$5.4 

SPECS 

Max Range 

368 N.M. / 681 km 

5 

8 

10 

Max Speed 


130 Knots 

7 

FOR SALE 


No. for sale 



10 (3.7%) 

5.4M USD 

160 



SOLD 


Past 3 Months 

13 

4 


2011 412EP SN36588 




NEW ARRIVAL 

• OGP / UTILITY CONFIGURATION: 12 PAX 

• IFR / VFR 

• FLOATS 

• DUAL CONTROLS 

• COPILOT INSTRUMENT 

• NEXT D CHECK - AUG 2019 


ASKING PRICE: 

MAKE OFFER 




BELL 412EP/412HP 

$5.9 

BELL 412EP 

$5.3 $5.3 

$3.8 

BELL 412HP 

$3.8 $3.8 

SPECS 

Max Range 

Bell 412EP 

356 N.M. / 659 km 

Bell 412HP 

349 N.M. / 646 km 

Max Speed 

140 Knots 

133 Knots 


9 

14 

22 

FOR SALE 


19 20 

No. for sale 



4 (5.9%) 

5.3M USD 

558 

16 (2.9%) 

3.8M USD 

379 

SOLD 


Past 3 Months 

5 

2 

8 

1 




2005 412EP SN36396 

2007 412EP SN36446 

NEW ARRIVAL 

NEW ARRIVAL 

8,689 Hours, 12 Pax, Utility / Offshore MAKE OFFER 8,493 Hours, 12 Pax, Utility / Offshore 

MAKE OFFER 

2009 412EP SN36533 


NEW ARRIVAL 

7,742 Hours, 12 Pax, Utility / Offshore 

MAKE OFFER 





A109E POWER/A109SP GRANDNEW 

$4.8 A109SP GRANDNEW $4.9 $4.7 

$2.4 

A109E Power 

$2.1 $2.0 

67 

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 

58 

61 

FOR SALE 


No. for sale 



56 (15.1%) 

2.0M USD 

620 

5 (3.4%) 

4.7M USD 

407 



SOLD 


Past 3 Months 

6 

1 

8 

2 


2006 A109E POWER SN11657 

2011 A109E POWER SN11784 

2,915 Hours, 6 Pax, EMS 

1,595,000 USD 

1,179 Hours, 6 Pax, EMS 

2,950,000 USD 


LEONARDO 


64 | ASIAN SKY QUARTERLY — FOURTH QUARTER 2016 THIRD QUARTER 2016 — ASIAN SKY QUARTERLY | 64


AW139 

$9.8 

$8.4 

$8.3 

SPECS 

Max Range 

568 N.M. / 1,052 km 

Max Speed 

140 Knots 


FOR SALE 


No. for sale 



15 

21 (2.7%) 

8.3M USD 

549 

17 

19 

21 

SOLD 


Past 3 Months 

12 

4 



LEONARDO 




S-92 

Make 

Offer 

Make 

Offer $23.3 

SPECS 

Max Range 

474 N.M. / 877 km 

3 

4 

5 

Max Speed 


FOR SALE 


No. for sale 



155 Knots 

19 

5 (1.8%) 

$23.3M USD 

339 



SOLD 


Past 3 Months 

4 

2 


2005 S-76C+ SN760592 


• OIL AND GAS PLATFORM COMPLIANT 

• ENROLLED ON SBH & PAP 

• 12 PAX INTERIOR 

Contact us: 2001 sales@asianskygroup.com S-76C+ SN760521 +852 2235 9222 


ASKING PRICE: 

MAKE OFFER 

• 12 PASSENGERS 

• FREON AIR CONDITIONING 

• UTILITY CONFIGURED 

• EMERGENCY POP-OUT FLOATS & WINDOWS 

SIKORSKY 


ASKING PRICE: 

MAKE OFFER 




S-76C+ / S-76C++ 

$7.7 

S-76C++ 

$7.3 $7.1 

$4.2 S-76C+ 

$4.2 

$3.3 

SPECS 

Max Range 

Max Speed 


S-76C+ 

335 N.M. / 620 km 

155 Knots 

12 

S-76C++ 

335 N.M. / 620 km 

155 Knots 

12 

40 

44 

FOR SALE 


No. for sale 



24 (16.6%) 

3.3M USD 

602 

20 (9.3%) 

7.1M USD 

321 

28 

SOLD 


Past 3 Months 

5 

2 

3 

1 




2006 S-76C++ SN760614 


• UTILITY / OGP CONFIGURATION 

• HEALTH & USAGE MONITORING SYSTEM 

• CVR + FDR 

• POP-OUT FLOATS 

• AUTO FLIGHT CONTROL SYSTEM 

NEW ARRIVAL 


ASKING PRICE: 



FOURTH QUARTER 2016 — ASIAN SKY QUARTERLY | 67 

SIKORSKY



2005 S-76C+ SN760594 

2005 S-76C+ SN760600 

NEW ARRIVAL 


1,495,000 USD 

NEW ARRIVAL 


1,495,000 USD 

2009 S-76C++ SN760759 

2009 S-76C++ SN760756 

NEW ARRIVAL 



NEW ARRIVAL 




SIKORSKY 



OTHER FEATURED AIRCRAFT 

For inquiries, please contact sales@asianskygroup.com 

FOR SALE 

PRICE REDUCED 

YEAR: 

2002 

YEAR: 

2004 

HOURS: 

1,021 

HOURS: 

3,584 

PAX: 

8 

PAX: 

8 

Hawker 800XP SN 258579 

Make Offer 

King Air 350 SN FL393 

2,500,000 USD 

FOR SALE 

PRICE REDUCED 

YEAR: 

2014 

YEAR: 

1998 

HOURS: 

137 

HOURS: 

6,179 

PAX: 

9 

PAX: 

8 

Citation X+ SN 750-0513 

Make Offer 

King Air 350 SN FL196 

1,400,000 USD 

MODEL 

YEAR 

HOURS 

PAX 

ASKING (USD) 

Beechcraft - Hawker 800XP 

2002 

1,680 

8 

2,750,000 

Beechcraft - King Air B200 

2005 

3,572 

7 

Make Offer 

Beechcraft - King Air B200 

1994 

6,507 

8 

Make Offer 

Beechcraft - King Air C90B 

1996 

2,364 

8 

1,150,000 

Beechcraft - Premier I 

2003 

2,267 

6 

Make Offer 

Bombardier - Challenger 300 

2010 

649 

8 

Make Offer 


2009 

2,510 

8 

Make Offer 


1998 

6,863 

12 

Make Offer 

Bombardier - Learjet 45XR 

2009 

2,841 

8 

4,995,000 

FIXED WING 

Bombardier - Learjet 60 

Bombardier - Learjet 60XR 

Cessna - CitationCJ2 

Cessna - CitationCJ2+ 

2004 

2008 

2004 

2010 

2,084 

1,965 

3,641 

958 

7 

7 

6 

7 

Make Offer 

Make Offer 

Make Offer 

4,200,000 

Dassault Falcon - 50EX 

2004 

3,775 

9 

4,495,000 

Dassault Falcon - 900EX 

1999 

4,263 

12 

Make Offer 

Embraer - Phenom 100 

2013 

1,354 

4 

Make Offer 

Gulfstream - G400 

2002 

4,618 

13 

6,950,000 

Gulfstream - GIV-SP 

1998 

4,547 

15 

6,496,000 


1998 

6,492 

13 

Make Offer 


1999 

7,162 

13 

Make Offer 


1999 

5,613 

14 

Make Offer 

Gulfstream - GV 

1997 

8,300 

14 

Make Offer 

MODEL 

YEAR 

HOURS 

CONFIG/PAX 

ASKING (USD) 

Leonardo - A119* 

2004+ 

4,000+ 

Utility: 

6 

1,280,000 

Leonardo - AW139* 

2010+ 

6,000+ 

Utility: 

12 

Make Offer 

Airbus Helicopters - AS350B2* 

1997+ 

2,800+ 

Utility: 

5 

968,000 

Airbus Helicopters - AS355F2 

1997 

7,744 

VIP: 

5 

675,000 

ROTARY 

Airbus Helicopters - AS355F2* 

Airbus Helicopters - AS355N 

Airbus Helicopters - EC135 P2+* 

1994 + 

1995 

2006 

2,527 

1,881 

2,450+ 

VIP: 

Utility: 

Utility: 

5 

5 

5-7 

675,000 

Make Offer 

3,000,000 

Airbus Helicopters - EC135T1 

1998 

3,352 

EMS: 

5 

1,100,000 

Airbus Helicopters - EC145 

2006 

3,225 

VIP: 

8 

1,950,000 

Airbus Helicopters - EC155 B1 

2012 

425 

VIP: 

6 

Call for Pricing 

Sikorsky - S-76C+* 

2005 

2,600+ 

Utility: 

5-7 

Make Offer 

Note: “*“ means multiple aircraft available. The earliest manufacturing year is shown. 

Price Reduced 

New Arrival 


SO QUIET INSIDE YOU CAN ACTUALLY 

HEAR YOURSELF THINK. 

The 6,450 nm Falcon 8X has the quietest cabin of any business jet. That means more comfort and greater productivity on long, 

demanding journeys. Add to that uninterrupted connectivity and access to virtually any two points on the globe, and you have 

a business jet that exceeds expectations. Fly far. Fly in comfort. Achieve more. 

WWW.DASSAULTFALCON.COM I BEIJING86 10 5696 5200 I HONG KONG852 6623 6772 I SHANGHAI86 189 1157 7115

Asian Sky Quarterly Q4 2016

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?