Asian Sky Quarterly 2023 Q1

MOOD & INTENTIONS: QUARTERLY SURVEY
QUARTERLY SURVEY
The survey results reflect the views of respondents worldwide on the status of the business aviation market.
1. A total of 88% respondents had an optimistic outlook on the
economy moving forward, with an equal share of respondents
asserting that the latest economic environment was either at
the lowest point or recovering past its lowest point.
2. Considering the recent replenishment of pre-owned market
inventory, 43% of respondents regarded it as a buyer’s market,
while those who viewed it as a seller’s market decreased by
around 20 percentage points over the past quarter.
3. Large jets were the preferred choice of aircraft among those
seeking an aircraft in the market, while price remained the
predominant factor behind purchasing decisions.
4. Over 70% of respondents expressed their intention to charter
aircraft within the next three months.
RESPONDENT BREAKDOWN
Respondent Location Breakdown
Top Locations
Middle East &
North Africa (3%)
Southeast &
Northeast Asia (6%)
Rest of the World (8%)
Greater China (15%)
South Asia (2%)
Oceania (2%)
Singapore (2%)
India (2%)
Canada (2%)
Hong Kong (4%)
United Kingdom (5%)
Mainland China (12%)
90% of total
respondents
Australia (2%)
Indonesia (1%)
Pakistan (1%)
Malaysia (1%)
North America (64%)
United States (68%)
In the latest quarter, 324 business aviation professionals participated in Global Sky
Media’s survey about the mood and intentions of the industry. Respondents were
based across numerous regions across the world, including North America, East Asia,
Oceania, South Asia, Europe, Southeast & Northeast Asia, and Middle East & North
Africa.
Respondent’s Aircraft Type
Aircraft Owner /
Charter User (18%)
Aircraft Operator /
Management Company (41%)
Civil Helicopter (21%)
Respondent’s Category 1 Aircraft Sales /
Service Providers
(FBO, MRO, etc.) 2 (18%)
93% of total
respondents
Turboprop (27%) Business Jet (52%)
Charter Broker (23%)
The majority of survey responses (41%) came from professionals working in aircraft
operations and management, with respondents working in aircraft sales and
brokerage coming in second (23%). Service providers in the industry, such as FBOs
and MROs, had the third largest response (18%), and 18% were business aircraft
owners and charter users.
Notes: 1. There were 24 respondents not related to the industry, accounting for 7% of total respondents.
2. Aircraft Service Providers includes financial services, training, FBO, ground handlers, Service, MRO, parts, etc.
32 | GLOBAL SKY QUARTERLY — FIRST QUARTER 2023