Asian Sky Quarterly 2022 Q3

FLIGHT ACTIVITY
FLIGHT ACTIVITY
All countries/subregions with
Greater China Japan India Malaysia Singapore Thailand
a comparably large number
of departures saw year-on-
1,600
year growth in business jet
1,400
flight activity, except for
Greater China. Flight activity
1,200
in Japan started to slow
down, but the country is
1,000
still seeing overall growth.
As the Japanese Yen was
800
weaker against the United
600
States Dollar, it attracted
international investors, which
400
resulted in rapid growth in
the second quarter of 2022.
200
Now that the inflation rate
in Japan has increased and
0
the government has begun
Sep
21
Oct
21
Nov
21
Dec
21
Jan
21
Feb
21
Mar
21
Apr
22
May
22
Jun
22
Jul
22
Aug
22
Sep
22
to intervene in the exchange
market, many businesses in
FLIGHT ACTIVITY TREND
2021 Sep - 2022 Sep
Japan are unable to reverse
their decline. This downturn
also hampered growth in
300%
Japanese flight activity in the
250%
latest quarter.
200%
150%
100%
50%
0%
-50%
-100%
Greater China Japan India Malaysia Singapore Thailand
Country/Subregion Number of Departures 2022 Q3 YoY Trend
India 3,577 24%
Greater China 2,073 -35%
Japan 1,314 26%
Although Southeast Asian
countries are taking the
lead in growth, India still
dominates flight activity
in Asia-Pacific, however
growth was less pronounced
compared to other
Southeast Asian countries.
The consumer electronics
market in India continues to
grow, and the government
continues to promote related
manufacturers to establish
their presence in the country.
This encourages people in
the consumer electronics
industry to book their trips to
and from India.
Singapore 1,136 251%
Malaysia 1,029 103%
Thailand 1,029 77%
8 | GLOBAL SKY QUARTERLY — THIRD QUARTER 2022