Asian Sky Quarterly 2021 Q4 - 25th Issue

MOOD & INTENTIONS
Domestic business is still acting as the main driver of
the recovery, however, there has been no significant
increase in aircraft utilization when compared to the
same period in 2020 – this is verified later in ASQ in
the WingX section, which saw a minor drop in flight
activity in Q4 2021 vs. Q4 2020.
When it comes to the economy and asking people’s
understanding of the current economic cycle,
optimism reached 86%, which is a minor 1% increase
over the previous quarter. But we have also seen an
increasing trend of more people believing that the
economy is at its low point. (46% this quarter) rather
than past its low point.
COVID-19 IMPACT IN ASIA-PACIFIC
Has the COVID-19 outbreak affected you
or your organization’s business so far?
2020Q1
2020Q2
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
63%
68%
72%
71%
68%
72%
65%
66%
27%
28%
25%
24%
25%
23%
29%
27%
Greater China respondents reported a minor 1%
increase in optimism vs. the previous quarter, but
this was lower than the regional average once again.
This might be been related to the recent COVID-19
leak in mainland China, as well as the delay of the
Hong Kong – mainland border opening, which has
affected domestic flight connectivity.
6%
3%
1%
2%
2%
0%
1%
Hard to tell
1%
4%
1%
1%
3%
5%
5%
Not affected
5%
5%
Seriously affected
Somewhat affected
Do you foresee market demand bouncing back in the 2nd
half-year of 2020/1st half year of 2021?
Aircraft Utilization
Hard to tell at the moment
No
Yes
In Q4 2021, according to WingX Advance, a German
40%
38%
38%
36%
27%
33%
32%
30%
business aviation consultancy firm, flight activity
in Asia-Pacific was lukewarm and did not enjoy an
increase over same quarter last year. China’s main
regional hubs, including Beijing, Shanghai and Hong
24%
27%
29%
32%
44%
41%
38%
37%
Kong saw decreases in flight activity.
36%
35%
34%
33%
30%
26%
31%
33%
Purchase Intentions
2020Q1
2020Q2
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
There was an uptick in people selecting “Not Sure”
in the purchase intentions section, when compared
to the previous quarter. However, no significant
rise has been seen.
Rank the following factors that you think are critical to the
future of business aviation / general aviation (the lower the
better):
Value for Price Paid
For factors influencing purchase decisions in this
quarter’s survey, “Government / Public Opinion”
and “Price”, are becoming the top limiting factors
for purchase decision making.
Privacy
Maintenance Support
Customer Service
More Important
Flexibility / Punctuality
Cabin Sanitation
FOURTH QUARTER 2021 — ASIAN SKY QUARTERLY | 31