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COUNTRY PROFILE: GREATER CHINA<br />
<strong>Fleet</strong> by Age<br />
477 in Total<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
1977<br />
1978<br />
1979<br />
1980<br />
1981<br />
1982<br />
1983<br />
1984<br />
1985<br />
1986<br />
1987<br />
1988<br />
1989<br />
1990<br />
1991<br />
1992<br />
1993<br />
1994<br />
1995<br />
1996<br />
1997<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
2009<br />
2010<br />
2011<br />
2012<br />
2013<br />
2014<br />
2015<br />
<strong>2016</strong><br />
Year of Manufacture<br />
<strong>Fleet</strong> Growth<br />
<strong>Business</strong> <strong>Jet</strong>s in Greater China<br />
Growth Rate<br />
<strong>Fleet</strong> Size<br />
600 60%<br />
500<br />
49%<br />
458<br />
477 482<br />
50%<br />
42%<br />
43%<br />
427<br />
400<br />
379<br />
40%<br />
315<br />
300<br />
28%<br />
25%<br />
30%<br />
211<br />
20%<br />
200<br />
148<br />
20%<br />
118<br />
13%<br />
92<br />
100 65<br />
7%<br />
10%<br />
4%<br />
1%<br />
0 0<br />
2007 2006 2009 2010 2011 2012 2013 2014 2015 <strong>2016</strong> 2017<br />
At the beginning of <strong>2016</strong>, ASG saw a difficult year ahead<br />
for Greater China and forecasted growth of only 5.2% at the<br />
high end, down from 7.3% in 2014. This was also predicated<br />
on China’s macro-economic performance. In the end, GDP<br />
worsened through <strong>2016</strong> and growth for the Greater China<br />
business jet fleet was only 4.2%. Growth was also impacted<br />
by infrastructure issues in Hong Kong which finally started<br />
to influence buyer sentiment, and the Taiwanese market<br />
which failed to deliver the expected growth.<br />
For 2017, ASG predicts growth finally flattening out at around<br />
1% as new deliveries continue to decline and pent up demand<br />
for G650s recedes. The good news is the market shouldn’t<br />
get any worse through 2017 and ASG sees a modest return<br />
to growth in 2018 when the market should also get some<br />
stimulation from deliveries of 8Xs, G500s and G7000s.<br />
ASIA PACIFIC REGION BUSINESS JET FLEET REPORT – YEAR <strong>EN</strong>D <strong>2016</strong><br />
55
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