Asian Sky Quarterly 2019 Q2

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G+3+3+3+3+5+8+9+10+13+19 MOOD & INTENTIONS: ASIA-PACIFIC REGION SURVEY 2019Q2 RESPONDENT LOCATION 39+28+13+10+10+G Rest of the World (10%) Oceania (10%) Central Asia (13%) 280 + RESPONDENTS Greater China (39%) SE & NE Asia (28%) RESPONDENT AIRCRAFT TYPE 56+24+20+G Turboprop (20%) Business Jet (56%) Civil Helicopter (24%) RESPONDENT CATEGORY Owner / Charter User (4%) Broker (14%) Others** (15%) Aircraft Operator /Management Company (23%) 44+23+15+14+4+G Aircraft Service Providers* (44%) In the second quarter of 2019, over 280 respondents participated in ASG’s survey regarding the mood and intentions of the current business aviation market. Respondents Regional Breakdown: 1. Greater China (122 valid respondents, including Mainland China, Hong Kong, Macau, and Taiwan) 2. Southeast and Northeast Asia (80 valid respondents, including Malaysia, Indonesia, Singapore, Brunei, Philippines, Thailand, Myanmar, Cambodia, Laos, Vietnam, Japan, and South Korea) 3. Central Asia (39 valid respondents, including India, Pakistan, UAE, etc.) 4. Oceania (29 valid respondents, including Australia and New Zealand) 67% of the respondents from this quarter’s survey are from aircraft services providers (FBO, MRO, etc.) and aircraft operators, as well as from aircraft brokers (14%), aircraft end users (4%) and other related areas. TOP 10 RESPONDENT’S LOCATIONS 24+ Indonesia (3%) Japan (3%) Malaysia (3%) United States (5%) Singapore (8%) Australia (9%) Philippines (10%) 86 % OF TOTAL RESPONDENTS Thailand (3%) Mainland China (24%) Hong Kong (20%) India (11%) * Aircraft Serice Providers include: financial services, training, FBO, ground handlers, MRO, parts, etc. ** Others include law firms, research facilities and government official WHAT IS OUR CURRENT ECONOMIC STATUS? (QUARTERLY COMPARISON) Past Low Point 100% Optimistic (Will get better) Pessimistic (Will get worse) 24% 30% 46% 26% At Low Point 27% Not Reached Low Point 47% 36% 30% 34% 38% 35% 27% 45% 34% 21% 52% 32% 15% 56% 34% 10% 52% 37% 11% 55% 28% 16% 41% 27% 32% 38% 29% 33% 29% 35% 36% 32% 28% 40% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 8 | ASIAN SKY QUARTERLY — SECOND QUARTER 2019
MOOD & INTENTIONS: ASIA-PACIFIC REGION SURVEY 2019Q2 ECONOMIC MOOD The pessimistic mood continued to spread in Asia Pacific, surpassing Q1 2019 and has reached the highest point since Q4 2016. In Q2 2019, 32% of respondents believed that the economy passed its low point and will improve. This is slightly higher than the previous quarter, but the second lowest level since 2016 Q4. The number of respondents who believe the current economy is at its low point and will get better is 28%; 7% lower than the previous quarter. 40% of respondents believed that the economy hadn’t reached its low point and will continue to worsen, which is even higher than 2019 Q1’s level and becomes the highest level of pessimism since 2016 Q4. In Q2 2019, the optimism levels for Greater China (Mainland, Hong Kong, Macau and Taiwan) continued to be the main contributor to the overall low optimistic levels as they went down from 50% to 43% this quarter amid a rebound trend over the last two quarters. It is perhaps the ongoing US-China trade dispute which seemed to concern Chinese aviation shareholders as actions of the two countries intensified and clouded confidence in the market. Mainland China’s economic growth hit 6.4% y-o-y in the first quarter of 2019. While the growth rate exceeded market expectations, the economy is expected to slow as the new US tariffs take effect. Both industrial production — including the notable manufacturing industry, as well as retail sales — measuring consumer demand — declined in Q1. Over the past year, the slowing economy has impacted consumer confidence. The Government has since put into effect stimulus measures to boost growth, which includes one of the largest tax-cut packages in China’s history — lower value-added tax and social security payments for companies. The stimulus package will likely succeed in boosting China’s economy, but whether this will improve consumer confidence, particularly consumers who purchase aircraft, will only be realized in future quarters. Oceania also saw a decrease in the optimistic level from 72% to 65%. The largest market in Oceania — Australia — faced a slowdown in the second half of 2018 that is expected to rollover into 2019. In May 2019, Australians took to the voting polls to elect a new Prime Minister, who pledged to issue tax cuts to aid the slowing economy. Central Asia was the only region to see positive change in its mood. This was largely impacted by India, which has in recent quarters been noted as the fastest-growing economy in the world. Indian citizens also took to the polls re-electing Narendra Modi. In general, respondents who believed that the current economic situation has passed its low point or is at its low point can be described as optimistic. This quarter, 56% of respondents believed that our economy will improve in the future; an 8% drop since 2019 Q1. OPTIMISM LEVELS SINCE 2016Q2 - REGIONAL DIFFERENCES Greater China SE & NE Asia Central Asia Oceania Overall 100% 100% 90% 80% 70% 60% 50% 54% 52% 80% 57% 54% 53% 83% 69% 66% 61% 54% 84% 79% 73% 62% 91% 81% 79% 70% 68% 95% 86% 85% 79% 94% 92% 91% 92% 90% 89% 87% 88% 78% 92% 89% 84% 76% 75% 88% 88% 83% 68% 95% 86% 80% 67% 48% 82% 75% 72% 64% 50% 86% 73% 65% 60% 40% 43% 41% 43% 30% 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 SECOND QUARTER 2019 — ASIAN SKY QUARTERLY | 9
Page 1 and 2: SECOND QUARTER 2019 UPCOMING AIRCRA
Page 3 and 4: CONTENTS 03 04 08 14 FOREWORD AsBAA
Page 5 and 6: LOOKING BACK, LOOKING AHEAD FOREWOR
Page 7 and 8: DIFFERENT BY DESIGN. DISRUPTIVE BY
Page 9: Based in our Shanghai office, Jason
Page 13 and 14: G+17+28 MOOD & INTENTIONS: ASIA-PAC
Page 15 and 16: You could sweat every detail of the
Page 17 and 18: INTERVIEW: YAO ZHOU What range of s
Page 19 and 20: SECOND QUARTER 2019 — ASIAN SKY Q
Page 21 and 22: SPECIAL FEATURE: ASIA-PACIFIC FLIGH
Page 23 and 24: SECOND QUARTER 2019 — ASIAN SKY Q
Page 25 and 26: INTERVIEW: ALEX JIAO Also, we have
Page 27 and 28: APR IL 21-23, 2020 SAVE THE DATE FO
Page 29 and 30: PRE-OWNED SPOTLIGHT: DASSAULT FALCO
Page 31 and 32: PRE-OWNED SPOTLIGHT MARKET COMPETIT
Page 33 and 34: INTERVIEW: BRIAN PROCTOR SECOND QUA
Page 35 and 36: UPCOMING SPOTLIGHT: DASSAULT FALCON
Page 37 and 38: MIAMI 2019 12 & 13 NOVEMBER FONTAIN
Page 39 and 40: MARKET DYNAMICS % OF FLEET SOLD 1.2
Page 41 and 42: MARKET DYNAMICS MARKET POSITIONING
Page 43 and 44: MARKET DYNAMICS % OF FLEET SOLD 0.5
Page 45 and 46: MARKET DYNAMICS MARKET POSITIONING
Page 47 and 48: SPECIAL FEATURE: JET TECHNOLOGY OF
Page 49 and 50: ULTRA LONG RANGE AIRCRAFT | More ro
Page 51 and 52: ROTORCRAFT ASIA CONFERENCE 2019 PAN
Page 53 and 54: ROTORCRAFT ASIA CONFERENCE 2019 BEN
Page 55 and 56: AIRCRAFT POSITIONING - BUSINESS JET
Page 57 and 58: MARKET SUMMARY -- JETS BBJ • In Q
Page 59 and 60: MARKET SUMMARY -- JETS GLOBAL 5000
Page 61 and 62:
MARKET SUMMARY -- JETS FALCON 7X
Page 63 and 64:
MARKET SUMMARY -- JETS G200 & G280
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AIRCRAFT POSITIONING - CIVIL HELICO
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MARKET SUMMARY -- HELICOPTERS EC145
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MARKET SUMMARY -- HELICOPTERS A109E
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LEADING YOU TO SUCCESSFUL AVIATION
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