Business Jet Fleet Report YE2020

REGIONAL OVERVIEW
There were a total of 1,232 business jets in
the Asia-Pacific region at year-end 2020 –
an increase of 1.8% from the 1,210 units at
year-end 2019.
After experiencing two consecutive years of fleet
reductions, mainland China finally saw a rebound in
its business jet fleet in 2020 – growing by 11 units to
342 as of year-end 2020, retaining its position as the
largest business jet market in the Asia-Pacific region.
Combined with Hong Kong SAR, Taiwan and Macao
SAR, Greater China represents 41% of the total Asia-
Pacific fleet.
Australia was the second largest market with a fleet
of 211 business jets – an increase of 13 from yearend
2019. India (137 jets) and Hong Kong SAR (122
jets) were the third and fourth largest markets in the
Asia-Pacific region, respectively.
The only regions that managed to register business
jet fleet growth in 2020 were Greater China and
Oceania – with 14 net additions each. Australia and
mainland China’s fleet numbers grew by 13 and 11
units, respectively. It is interesting to note however,
that most of the aircraft added to the mainland
China fleet were long-range aircraft, whilst Australia
experienced an increase mostly due to additions in
the light and large aircraft size category.
East Asia, which had seen significant growth in its
business jet fleet in 2019, saw a reduction of six
aircraft in 2020, the largest decrease in any Asia-
Pacific region. Both the South Asia and Southeast
Asia fleet in 2020 stayed the same as 2019. Malaysia
accounted for six of the reductions in the Southeast
Asia business jet fleet, offsetting the increase in fleet
in Philippines (three net additions) and Indonesia
(two net additions).
The year 2020 saw the resurgence of Greater China
as the main driver for growth in the Asia-Pacific
business jet fleet. Health and safety concerns
amongst Asia-Pacific HNWIs with regards to
commercial air travel may have led to a revival of
the region’s private aviation demand. This demand
is expected to continue into 2021 as the world
continues to try and recover from the COVID-19
pandemic.
19 18
OTHERS 3
19 22
NEW ZEALAND
BUSINESS JET FLEET 2
LARGEST MARKET
342
MAINLAND CHINA
MOST NET FLEET ADDITION
+13
AUSTRALIA
MOST NET FLEET DEDUCTION
-6
MALAYSIA
FLEET GROWTH FOR THE MAJOR MARKETS
Net Fleet Growth Growth Rate
REGION 4 2019 2020 2019 2020
Greater China -16 +14 -3.2% 2.9%
Oceania +9 +14 4.1% 6.2%
South Asia -2 - -1.4% -
Southeast Asia +12 - 4.6% -
East Asia +9 -6 12.0% -7.1%
TOTAL +12 +22 1.0% 1.8%
Net Fleet Growth Growth Rate
COUNTRY/REGION 2019 2020 2019 2020
Australia +9 +13 4.8% 6.6%
Mainland China -14 +11 -4.1% 3.3%
Philippines +3 +3 6.4% 6.0%
New Zealand - +3 - 15.8%
Indonesia +4 +2 8.9% 4.1%
Taiwan - +2 - 7.4%
Hong Kong SAR -2 +1 -1.6% 0.8%
Singapore +3 - 5.2% -
Macao SAR - - - -
Vietnam +3 - 75.0% -
India -1 - -0.7% -
Thailand -5 - -12.8% -
Japan +8 -2 14.5% -3.2%
South Korea +1 -4 5.0% -19.0%
Malaysia +2 -6 3.3% -9.5%
Others +1 -1 5.6% -5.3%
TOTAL +12 +22 1.0% 1.8%
Rank by 2020 net fleet growth from the largest.
ASIA-PACIFIC BUSINESS JET FLEET REPORT – YEAR END 2020
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