Business Fleet Report YE 2022 Europe

AIRCRAFT REGRISTRY OVERVIEW
Other offshore registries available in Europe include the Isle
of Man (M-), San Marino (T7-) and Guernsey (2-) which had
a combined 182 Europe-based jets registered, or 42% of the
offshore registered fleet in Europe. These registries have also
proven popular with owners and operators outside of Europe,
particularly in the Asia-Pacific region. For the Europe-based fleet,
the number of San Marino registered jets has been on the rise
since the end of 2020, with a significant 58% increase during
2022 to 49 aircraft. The number of Guernsey registered jets based
in Europe increased by 50% year-on-year to 36 by the end of 2022.
On the other hand, the number of Isle of Man registered jets in
Europe has decresed by almost 13% since the end of 2020.
The traditionally popular offshore registries from Bermuda (VP-B
and VQ-B), the Cayman Islands (VP-C) and Aruba (P4-) had minor
presence in the offshore registered fleet in Europe. There were just
56 Europe-based jets across these three registries at the end of
2022, which has been quite consistent over the past three years.
Some 38% of offshore registered business jets in Europe were
in the Long Range category, 18% Large Jets and 5% Corporate
Airliners. The smaller size categories took the minor shares in
offshore registration, with the Very Light category taking an 8%
share with just 36 jets.
The United States (N) register is also popular in the European
fleet, with a 14% year-on-year increase since the end of 2021 to
139 aircraft. N- registered aircraft have the advantage of ease of
transaction compared to some local registers.
OFFSHORE REGISTERED FLEET
By Country/Region
By Size Category
362
400
431
2020 1
2021 1
2022
Isle of Man
M-
Guernsey
2-
Bermuda
VP-B/VQ-B
Cayman Islands
VP-C
75+0+0 0+88+0 0+0+97 59+0+0 0+56+0 0+0+49 15+0+0 0+16+0 0+0+258+0+0 0+12+0 0+0+18 13+0+0 0+14+0 0+0+159+0+0 0+9+0 0+0+85+0+0
0+6+0 0+0+6
149 175193 118 112 97
29 31 49 15 24 36 25 28 29
17 18 16 9 12 11
LONG RANGE =
38% OF TOTAL OFF-
SHORE REGISTERED
AIRCRAFT
Malta
9H-
San Marino
T7-
Aruba
P4-
75+0+0 0+88+0 0+0+96 46+0+0 0+47+0 0+0+45 41+0+0 0+40+0 0+0+42 25+0+0 0+30+0 0+0+36 15+0+0 0+15+0 0+0+21 11+0+0 0+15+0 0+0+13
127 149164
79 80 77 69 68 71
43 51 61 26 26 36 18 26 22
Long Range
Large
Light
Medium
Very Light
Corp. Airliner
NOTE:
1. 2020 and 2021 data is based on JETNET LLC.
24 | YE 2022 EUROPE BUSINESS JET FLEET REPORT