Asian Sky Quarterly 2022 Q3
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FLIGHT ACTIVITY<br />
FLIGHTS DEPARTING FROM APAC<br />
Number of Departures<br />
YoY Trend<br />
3,526<br />
4,041<br />
4,582<br />
3,850 3,887<br />
4,149<br />
4,730<br />
4,946<br />
4,439<br />
4,573 4,534 4,586 4,643<br />
12.6%<br />
17.5%<br />
4.5%<br />
11.9%<br />
0.8%<br />
14.3%<br />
12.6%<br />
20.3%<br />
26.0%<br />
31.6%<br />
22.1%<br />
30.8% 29.7%<br />
Sep<br />
21<br />
Oct<br />
21<br />
Nov<br />
21<br />
Dec<br />
21<br />
Jan<br />
22<br />
Feb<br />
22<br />
Mar<br />
22<br />
Apr<br />
22<br />
May<br />
22<br />
Jun<br />
22<br />
Jul<br />
22<br />
Aug<br />
22<br />
Sep<br />
22<br />
Continuing on from the trend we saw in Q2 <strong>2022</strong>, business aviation<br />
flights saw 30% year-on-year growth in <strong>Q3</strong> <strong>2022</strong>, with an average<br />
of 4,588 monthly flights. The focus of countries around the world<br />
has revolved around stimulating their economies over the past few<br />
months. However, global economic growth has recently started to<br />
slow down, as the International Monetary Fund pointed out in the<br />
latest world economic outlook. Flight activity in the Asia-Pacific<br />
region has subsided compared to the last two quarters.<br />
Southeast <strong>Asian</strong> countries, namely Singapore and Malaysia, are still<br />
taking the lead in Asia-Pacific flights. Long-range and international<br />
became the two keywords for the activity seen in the <strong>2022</strong> third<br />
quarter. Emerging markets not only stimulated business activity but<br />
also attracted overseas travelers and investors, and thus, saw an<br />
increase in business jet flight activity.<br />
DEPARTURES BY DATE<br />
Sep 2019-Sep 2020 Sep 2020-Sep 2021 Sep 2021-Sep <strong>2022</strong><br />
250<br />
234<br />
228<br />
200<br />
150<br />
100<br />
50<br />
0<br />
Sep Oct Nov Dec Jan Feb Mar Apr May Jun<br />
Jul<br />
Aug<br />
Sep<br />
A total of 228 departures were recorded on September 29 for the<br />
third quarter of <strong>2022</strong>, which, however, still did not surpass the highest<br />
number seen in the previous quarter. Although flight activity in the<br />
third quarter of <strong>2022</strong> did not see an upward trend as at the beginning<br />
of the year, daily departures did observe a noticeable increase<br />
compared to the same timeframe last year and the year before. The<br />
average daily flight departures from Asia-Pacific in the third quarter<br />
of 2020 and 2021 were 117 and 149, respectively. Ultra high-networth<br />
individuals are the primary users of business jets. In addition<br />
to leisure travel, these flights may indicate a renewed interest from<br />
entrepreneurs to continue doing business or expand their business<br />
within the Asia-Pacific region.<br />
6 | GLOBAL SKY QUARTERLY — THIRD QUARTER <strong>2022</strong>
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