Charter Report 2023

MARKET OVERVIEW
intercontinental aircraft models or Light
jets in 2023. This reflects the increased
demand for international travel within the
Asia-Pacific in the post-pandemic era.
NET FLEET GROWTH Positive Negative No Change
OEM Size Category 1 2022
In 2023, charter operators continued
to adapt their operational strategies
in response to changing demand. It is
worth noting that, when compared to the
previous year, the only categories that
experienced growth were Long Range
jets and especially in the Very Light jet
category, which jumped up by 46.7%.
Although the total number of aircraft in
this category remains relatively small, it
still reflects a notable shift in the demand
landscape for charter services.
84
TEXTRON 3.6% LONG RANGE 2.5%
87
BOMBARDIER -6.5%
93
LIGHT -4.0%
75
87 72
GULFSTREAM 6.3%
48
LARGE -3.0%
66
51 64
EMBRAER 0.0%
31
31
MEDIUM -14.9%
40
47
79
81
Other categories of charter aircraft saw
varying degrees of fortune when compared
to the previous year, with Medium jets
experiencing the most pronounced decline,
dropping by seven aircraft. Nevertheless,
Medium jets still maintain a 14% share
of the charter market in Asia-Pacific. The
Cessna Citation 560XL family (Excel/XLS/
XLS+) and the Hawker 800 / 800XP are the
two most popular models in this category.
DASSAULT -6.9%
AIRBUS 25.0%
BOEING 0.0%
4
CORP.
19
5 AIRLINER
-10.5%
17
4
4
29
27
VERY LIGHT
46.7%
15
22
Light and Large jets both saw reductions
of two to three aircraft, but they remain
highly popular in the charter market,
holding 24% and 22% of the market share,
respectively. Among Light jets, Textron’s
aircraft are more favored by operators, with
OTHERS -50.0%
the Cessna Citation 550 (II/IISP/SII/Bravo) and Citation 525A (CJ2/
CJ2+) leading the way with a combined total of over 21 aircraft.
Although Bombardier was one of the OEMs with the largest share of
charter aircraft in Asia-Pacific, the number of aircraft in its fleet had
dipped by six aircraft when compared to this previous year.
However, it is worth noting that Textron, which also has a sizable
market share, added three aircraft in 2023. Overall, when combined,
Bombardier and Textron accounted for 29.4% of all charter aircraft in
Asia-Pacific. They were followed by Gulfstream, which added three
4
8
Notes:
1. Aircraft size category is defined in the appendix on page 32.
2. Other OEMs include Dornier, Fokker, Honda, IAI, Nextant and Pilatus.
301
296
2023
aircraft increasing its market share to 17.2%. The three well-known
OEMs business jet charter fleets have an obvious advantage. They
collectively have more than 76% of the market share in Asia-Pacific.
In addition, Embraer and Dassault also have a significant presence
in the region, each holding approximately 10% of the market. Other
OEMs collectively reduced their aircraft count by four in 2023. Among
them, IAI decreased its presence in Asia-Pacific by a total of eight
aircraft over two consecutive years. On the other hand, Pilatus added
one aircraft compared to the previous year.
ASIA-PACIFIC CHARTER REPORT 2023 | 10