Business Fleet Report YE 2022 Europe

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AIRCRAFT REGRISTRY OVERVIEW MARKET UPDATES AIRCRAFT REGISTRY OVERVIEW Despite the increasing popularity of offshore registries for business jet owners and operators around the world, only 18% of the European fleet was registered offshore at the end of 2022. Some 1,753 out of 2,428 Europebased jets, or 72% of the fleet, were registered locally. NET FLEET GROWTH BY REGISTRY 2,338 2,394 2,428 GERMANY D- 10+0+0 0+11+0 0+0+11 9+0+0 0+9+0 0+0+10 11+0+0 0+10+0 0+0+10 9+0+0 0+10+0 0+0+10 6+0+0 0+7+0 0+0+11 11+0+0 0+10+0 0+0+9 8+0+0 0+10+0 0+0+9 48+0+0 0+54+0 0+0+ 97+0+0 0+100+0 0+0+98 42+0+0 0+42+0 0+0+44 32+0+0 0+38+0 0+0+42 26+0+0 0+27+0 0+0+30 28+0+0 0+29+0 0+0+30 28+0+0 0+28+0 0+0+29 35+0+0 0+30+0 0+0+25 22+0+0 +17 0+23+0 0+0+22 15+0+0 0+14+0 0+0+13 26+0+0 0+24+0 0+0+21 13+0+0 0+13+0 0+0+13 16+0+0 0+16+0 0+0+17 17+0 0+17 0+0 UNITED STATES N FRANCE F- UNITED KINGDOM G- ISLE OF MAN M- ITALY I- 2020 1 2021 1 2022 194 194 203 149 175 193 120 122 139 127 132 138 131 131 134 160 137 117 100 104 100 118 112 97 74 73 76 80 80 76 69 66 62 58 62 62 NOTE: 1. 2020 and 2021 data is based on JETNET LLC. 22 | YE 2022 EUROPE BUSINESS JET FLEET REPORT AUSTRIA OE- MALTA 9H- PORTUGAL CS- TURKEY TC- SWITZERLAND HB- SPAIN EC- CZECH REPUBLIC OK- BELGIUM OO- POLAND SP- DENMARK OY- NETHERLANDS PH- SAN MARINO T7- LUXEMBOURG LX- SWEDEN SE- OTHERS 446 458 451 45 49 49 40 41 47 52 48 46 41 44 44 29 31 49 52 48 43 36 44 40 217 243 262 Looking at the local European registers, the German register (D-) is by far the most popular with 451 aircraft at the end of 2022, a small decrease of just seven aircraft compared to the end of 2021. Some 94% of German registered business jets in Europe were based in Germany. The Austrian (OE-) register had 203 aircraft at the end of 2022, up 5% year-on-year while six aircraft were added to the Portuguese (CS-) register during the year to reach 138. Conversely, the number of business jets on the United Kingdom (G-) reduced by some 27% since the end of 2020 to just 117 aircraft, driven by the effects of Brexit and associated changes in regulations on business jet operations for UK-registered jets in Europe. Fleet sizes of the remaining European registers have remained fairly constant for the past three years. Germany had the largest business jet fleet in Europe at the end of 2022 with a fleet of 481, with some 89% registered locally – one of the highest shares of local registrations among the top ten European markets. The remaining fleet share was registered in the US, offshore and other jurisdictions with a fairly even split. A total of 288 business jets were based in the United Kingdom at the end of 2022, with just 37% registered under the UK G- registration. Apart from the post-Brexit market, the high proportion of Long Range and Large Jets meant offshore registrations would be more advantageous in terms of tax, while US registration would be beneficial when transacting these aircraft, and thus almost 40% of the UK fleet was registered offshore and 12% in the US. Some 60% of the 217-strong France-based fleet was registered locally, as were 84% of the Austriabased fleet of 174 jets. Both France and Austria had fleets which were focused on smaller sized jets, for which local registrations were more popular.
AIRCRAFT REGISTRY OVERVIEW REGISTRY COMPOSITION Local United States Offshore 1 Others 2 TOTAL FLEET 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% GERMANY 481 89% 4% 3% 4% UNITED KINGDOM 288 37% 12% 39% 12% FRANCE 217 60% 8% 14% 18% BASE COUNTRY/REGION AUSTRIA SWITZERLAND PORTUGAL TURKEY 174 152 125 117 47% 84% 84% 7% 97% 20% 1% 10% 26% 2% 9% 6% 2% 5% ITALY 112 67% 7% 17% 9% SPAIN 78 76% 3% 8% 14% BELGIUM 65 69% 5% 5% 22% NOTE: 1. Offshore Registrations include: Aruba, Bermuda, Cayman Islands, Guernsey, Isle of Man, Malta and San Marino. 2. Others indicates any registration besides Local, US and Offshore. OFFSHORE REGISTRY OFFSHORE REGISTRY MARKET SHARE By Country/Region By Size Category Cayman Islands VP-C, 16 (4%) Aruba P4-, 11 (3%) Very Light 36 (8%) Corp. Airliner 22 (5%) Bermuda VP-B/VQ-B, 29 (7%) Guernsey 2-, 36 (8%) San Marino T7-, 49 (11%) Isle of Man M-, 97 (22%) 431 Malta 9H-, 193 (45%) Medium 61 (14%) Light 71 (17%) 431 Long Range 164 (38%) Large 77 (18%) Offshore registries offer numerous benefits to business jet owners and operators. The first is ease of flight operations – offshore registered aircraft are much less restricted when operating into certain countries or regions. This is not so relevant for most European operators, especially when flying within the European Union; although it does bring more convenience if flying to some overseas locations. The advantages of a flexible tax structure is perhaps most attractive reason for an offshore registry to be selected, which means that high end jets in the Large, Long Range and Corporate Airliner categories are most commonly registered offshore. Among all offshore registered jets in Europe, some 61% are in these three categories. In addition, the level of privacy offered by offshore registries is also preferred by owners. Malta has become an increasingly popular offshore registry. The number of Malta registered jets (9H-) increased by 30% since the end of 2020 and reached 193 by the end of 2022. Malta has also become a preferred location as an operator base and company headquarters, led by fast expanding operators such as VistaJet. The clear advantage of a flexible tax structure is highlighted by the fact that the 67% of the European business jets registered in Malta are in the Large, Long Range and Corporate Airliner categories. YE 2022 EUROPE BUSINESS JET FLEET REPORT | 23
Page 1 and 2: BUSINESS JETS | EUROPE YE 2022 Cove
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Page 5 and 6: The effort behind effortless 1 1 Ef
Page 7 and 8: UNLEASH THE POWER OF DATA The MedAi
Page 9 and 10: EXECUTIVE SUMMARY EUROPEAN BUSINESS
Page 13 and 14: REGIONAL OVERVIEW There were 2,428
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Page 17 and 18: COUNTRY SNAPSHOTS TOTAL FLEET BY CO
Page 19 and 20: LUXAVIATION Luxaviation CEO Patrick
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Page 23 and 24: \ BUSINESS AVIATION SIMPLIFIED. WHE
Page 25: OPERATOR OVERVIEW TOP OPERATORS’
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Page 33 and 34: BOEING NET GROWTH 4 12.5% MOST POPU
Page 35 and 36: Additions and Deductions -65 Deduct
Page 37 and 38: OEM OVERVIEW EMBRAER NET GROWTH 8 3
Page 39 and 40: OEM OVERVIEW TEXTRON NET GROWTH 24
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Page 43 and 44: SPONSORED CONTENT With more than 3,
Page 45 and 46: ENGINE OVERVIEW TOTAL ENGINE GROWTH
Page 47 and 48: GE 2 1 3 RANKING No.5 NET GROWTH 36
Page 49 and 50: PRATT & WHITNEY 2 1 3 RANKING No.1
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