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COUNTRY PROFILE: KOREA +2 +2 +2 +1 +1 +1 Business Jets — Top Operators by OEM 11 2 2 2 2 1 1 1 Korean Air Flight Inspection Center Hyundai Motor LG International Corporation Airbus 1 1 Boeing 2 2 1 5 Bombardier 2 1 3 Cessna 6 1 1 8 Gulfstream 1 2 1 4 Beechcraft 1 1 Total 11 2 2 2 2 1 1 1 22 SK Telecom Hanseo University Hanwha Chemical Star AeroSpace Total11 +2 Civil Helicopters — Top Operators by OEM 46 18 18 17 15 12 11 9 9 8 Forestry Dept. Fire Dept. HeliKorea National Police Coast Guard Korean Air Hongik Air Aero Peace Star Aerospace UI Helojet Total46+18+18+17+15+12+11+9+9+8 Airbus 4 8 1 4 7 8 3 35 Bell 9 2 7 9 2 2 1 2 34 KAI 2 2 Kamov 30 4 2 8 2 46 Leonardo 3 3 3 2 4 4 19 MD 2 1 1 4 Mil 3 7 10 Sikorsky 3 1 3 1 1 4 13 Total 46 18 18 17 15 12 11 9 9 8 163 % of the total Korean fleet 73% 16 | ASIAN SKY QUARTERLY — FIRST QUARTER 2017
COUNTRY PROFILE: SOUTH KOREA STATUS QUO Though a relatively small business aviation market, South Korea is actively seeking to make a name for itself among the bigger markets in the Asia- Pacific region. At year end 2016, there were 22 business jets based in South Korea, up from 19 in 2015. Long range jets and corporate airliners each hold 27% of the fleet, suggesting most use is over longer distances. However, the shorter-range Cessna models are still the most popular, with 36% of the market share in the country. Overall, the fleet is young, with the majority manufactured in the past decade. Korean Air is the largest operator in the country by far (50% of the fleet), with 11 aircraft including two BBJs, two Global Express XRS’, six Cessnas and one G650. Samsung Group previously held the largest fleet in the country, but sold their entire fleet to Korean Air. Samsung is now exclusively using charter services provided by Korean Air. Helicopter Fleet — Size Category Breakdown Light Twin 29 (13%) Single 59 (27%) 54+27+13+6+G Heavy 14 (6%) Medium 121 (54%) 223 As far as jet charter, Aviation Business International Services Korea (ABIS.KOREA) explained that business jet charter services in Korea are geared towards the large companies based in the country, however larger conglomerates including SK Group, Hyundai, Hanwha and LG Electronics Helicopter Fleet —OEM Breakdown have their own aircraft. 2016 also saw a new charter company join the market. Star Aerospace established a charter business with the purchase of a Cessna Citation 500. KAI 2 (1%) Enstrom 2 (1%) “Most business jet charter passengers are foreigners coming out of Korea, MD 8 (4%) 25+23+20+12+9+5+4+1+1+G not Korean residents,” says ABIS.KOREA. “However, the Seoul Gimpo Mil 12 (5%) Airbus 56 (25%) Business Aviation Center (SGBAC), the first business aviation terminal, opened in March 2016. It was developed by the Korea Airports Corporation. Leonardo 21 (9%) This will help to develop the business jet market, charter and business aviation within the country.” Sikorsky 27 (12%) 223 Helicopter Fleet — Mission Breakdown Bell 45 (20%) Kamov 50 (23%) Law Enforcement 15 (7%) Multi-Mission 154 (69%) Offshore 3 (1%) Charter 2 (1%) EMS 9 (4%) Corporate 17 (8%) SAR 23 (10%) 69+10+8+7+4+1+1+G 223 * Data Source: Asian Sky Group Fleet Report (Year-End 2016) At year end 2016, there were 22 business jets based in South Korea, up from 19 in 2015. Long range jets and corporate airliners each hold 27% of the fleet. FIRST QUARTER 2017 — ASIAN SKY QUARTERLY | 17
Page 1 and 2: FIRST QUARTER 2017 EXCLUSIVE FIRST
Page 3 and 4: PUBLISHER’S NOTE For this issue o
Page 5 and 6: AN UNPARALLELED EXPERIENCE Range. S
Page 7 and 8: BUSINESS JET FLEET AND GDP BY COUNT
Page 9 and 10: MOOD & INTENTIONS: ASIA-PACIFIC REG
Page 11 and 12: MOOD & INTENTIONS: ASIA-PACIFIC REG
Page 13 and 14: EVOLVING CHINA’S INDUSTRY, ONE JE
Page 15 and 16: INDUSTRY INSIDER Before Mr. Chang h
Page 17: COUNTRY PROFILE: SOUTH KOREA SOUTH
Page 21 and 22: COUNTRY PROFILE: SOUTH KOREA The tr
Page 23 and 24: REDEFINING THE WORLD OF LUXURY PRIV
Page 25 and 26: INDUSTRY INSIDER We have our own eq
Page 27 and 28: Delivering financing value for busi
Page 29 and 30: INDUSTRY INSIDER Under this require
Page 31 and 32: ADVOCATING FOR CLIENTS’ INTERESTS
Page 33 and 34: INDUSTRY INSIDER While such macro-l
Page 35 and 36: MARKET DYNAMICS AVERAGE ASKING PRIC
Page 37 and 38: MARKET DYNAMICS MARKET POSITIONING
Page 39 and 40: MARKET DYNAMICS AVERAGE ASKING PRIC
Page 41 and 42: MARKET DYNAMICS MARKET POSITIONING
Page 43 and 44: AIRCRAFT SPOTLIGHT GLOBAL XRS/GLOBA
Page 45 and 46: AIRCRAFT SPOTLIGHT PRE-OWNED GLOBAL
Page 47 and 48: in more than 27 countries, and a fl
Page 49 and 50: INDUSTRY INSIDER some of these chal
Page 51 and 52: INDUSTRY INSIDER countries, it can
Page 53 and 54: AIRCRAFT POSITIONING BUSINESS JETS
Page 55 and 56: MARKET SUMMARY -- JETS BBJ $43.7 BO
Page 57 and 58: MARKET SUMMARY -- JETS CHALLENGER 6
Page 59 and 60: MARKET SUMMARY -- JETS GLOBAL 6000
Page 61 and 62: MARKET SUMMARY -- JETS FALCON 2000L
Page 63 and 64: MARKET SUMMARY -- JETS LEGACY 600/6
Page 65 and 66: MARKET SUMMARY -- JETS G200 & G280
Page 67 and 68: MARKET SUMMARY -- JETS G550 $29.9 $
Page 69 and 70:
FIRST QUARTER 2017 — ASIAN SKY QU
Page 71 and 72:
MARKET SUMMARY -- HELICOPTER MARKET
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MARKET SUMMARY -- HELICOPTER EC145
Page 75 and 76:
MARKET SUMMARY -- HELICOPTER BELL 4
Page 77 and 78:
MARKET SUMMARY -- HELICOPTER A109E
Page 79 and 80:
MARKET SUMMARY -- HELICOPTER S-92 $
Page 81 and 82:
MARKET SUMMARY -- HELICOPTER FEATUR
Page 83:
FIRST QUARTER 2017 — ASIAN SKY QU
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