Asian Sky Quarterly 2022 Q4

QUARTERLY SURVEY
RESPONDENT BREAKDOWN
Respondent Location Breakdown
Oceania (4%)
Middle East &
North Africa (16%)
Southeast &
Northeast Asia (20%)
Top 10 Respondent’s Locations
United Arab Emirates (4%)
Thailand (4%)
India (4%)
United Kingdom (6%)
Malaysia (7%)
Palestinian Territory (7%)
Singapore (7%)
69% of total
respondents
South Asia (3%)
Rest of the World (35%)
Greater China (22%)
Philippines (4%)
United States (26%)
Mainland China (16%)
Hong Kong SAR (15%)
MOOD & INTENTIONS: QUARTERLY SURVEY
Updates & Highlights in 2022 Q4 survey
1. Southeast Asia, and Northeast Asia are the sub-regions that
had the most positive economic sentiment in Q4.
2. Fleet utilization is getting better in mainland China. This is
due in large part to the country's COVID-19 restrictions being
lifted at the end of 2022Q4 and its border with Hong Kong
SAR no longer being tightly controlled.
3. Purchase intentions remain high, particularly for pre-owned
Large cabin jets. Meanwhile, the market is now perceived as
increasingly balanced, as inventory is slowly catching up with
market demand.
4. The main things that will keep business and general aviation
going in the future are good customer service and good
value for the money.
5. The price of aircraft remains the top limiting factor
influencing purchasing decisions.
6. A growing number of people in the industry have said that
proactive steps are being taken to better control carbon
emissions by using new ways and technologies to provide
cleaner and more sustainable solutions.
In Q4, nearly 300 business aviation professionals responded to Global Sky
Media’s latest quarterly survey about the mood and intentions of the industry.
The regions with the most respondents include: 1. Greater China, mainly covering
mainland China and Hong Kong SAR (22%). 2. Southeast Asia and Northeast Asia
(20%). 3. Middle East and North Africa (16%). 4. Oceania (4%). 5. South Asia (3%).
Respondent’s Related Aircraft Type
The majority of respondents (55%) are associated with business jet operations.
72% of respondents from this quarter’s survey are associated with aircraft service
Turboprop (22%)
Civil Helicopter (23%)
Respondent’s Category
Business Jet (55%)
providers (FBOs, MROs, etc.) and aircraft operators, while 15% of respondents
own or charter business aircraft. The remaining respondents are associated with
non-related areas.
Environment & Politics
Compared to the previous quarter, more people (48% of respondents) are now
taking action to help reduce carbon emissions. 74% of respondents agree that the
business aviation industry needs to keep working to reduce its carbon footprint,
while 4% of respondents don't think this is a priority for the industry as a whole.
Recent efforts by regulators, original equipment manufacturers (OEMs), and
aviation companies to speed up the use of sustainable aviation fuel (SAF) and
new propulsion technology have shown that this is a growing trend.
Aircraft Owner /
Charter User (15%)
Aircraft Operator /
Management Company (32%)
Non-related (13%)
Service Providers 1
(FBO, MRO, etc) (40%)
The desire for high-level customer service as well as delivering good value in
return on investment are regarded as the most important factors in maintaining
a buoyant future for business aviation. In comparison to aspects such as privacy,
flexibility, and maintenance support, addressing carbon emissions ranks relatively
low in the business aviation industry.
Utilization in the Asia-Pacific Region
1. Aircraft Service Providers includes financial services, training, FBO, ground handlers,
Service, MRO, parts, etc.
The overall utilization of business aircraft has progressively risen in the region,
FOURTH QUARTER 2022 — GLOBAL SKY QUARTERLY | 21