Business Jet Fleet Report YE2020

AIRCRAFT REGRISTRY OVERVIEW
MARKET UPDATE:
AIRCRAFT REGISTRY OVERVIEW
CHINA'S ‘B- ‘REGISTRY WAS THE MOST POPULAR AIRCRAFT REGISTRY IN THE ASIA-PACIFIC REGION AS
OF YEAR-END 2020 – 254 JETS (21% OF THE FLEET). THE UNITED STATES ‘N’ REGISTRY WAS NEXT, WITH
244 JETS (20%), FOLLOWED BY AUSTRALIA’S 'VH-' AND INDIA’S 'VT-' REGISTRIES - WITH 188 (15%) AND
128 (10%) JESTS, RESPECTIVELY. TOGETHER, THE TOP FOUR REGISTRIES ACCOUNTED FOR AROUND
66% OF THE TOTAL FLEET IN THE ASIA-PACIFIC REGION.
NET FLEET GROWTH BY REGISTRY
MAINLAND CHINA
B-
UNITED STATES
N
AUSTRALIA
VH-
INDIA
VT-
CAYMAN ISLANDS
VP-C
PHILIPPINES
RP-C
39
42
44
79
83
93
132
130
128
170
176
188
259
252
254
256
251
244
ISLE OF MAN
M-
TAIWAN
B-
BERMUDA
VP-B/VQ-B
24
22
19
19
18
18
17
18
17
The majority of aircraft in the top three business
jet markets in the Asia-Pacific region were
registered on local registries - 74% of mainland
China’s 342 jets were B- registered, 84% of Australia’s
211 jets were VH- registered, and 93% of India’s 137
jets were VT- registered at the end of 2020. The
popularity of the local registries can be attributed to
the fact that the majority of aircraft owners in these
regions are based and operate locally. Additionally,
for countries like mainland China, aircraft registered
with foreign registrations are subject to significant
restrictions while operating in the country.
Macao SAR, Malaysia, New Zealand, Singapore, and
Taiwan had the largest number of ‘N’ registered
aircraft (on a percentage basis). A possible reason why
operators in these regions prefer to opt for the United
States ‘N’ registry is because it provides operational
flexibility and cost effectiveness in maintaining
validations and approvals.
JAPAN
JA
37
45
44
SOUTH KOREA
HL
19
20
16
SAN MARINO
T7-
10
24
38
HONG KONG
B-H/B-K/B-L
21
16
12
INDONESIA
PK-
28
28
28
MALAYSIA
9M-
15
14
12
2018 (1,198)
THAILAND
HS-
27
22
22
OTHERS
46
49
55
2019 (1,210)
2020 (1,232)
30
ASIA-PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2020