Charter Report 2023

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MARKET OVERVIEW CHARTER FLEET SIZE CATEGORY BY COUNTRY/REGION Corp. Airliner Long Range Large Medium Light Very Light INDIA TOTAL AIRCRAFT 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 65 8% 15% 29% 17% 23% 8% AUSTRALIA 62 2% 13% 15% 11% 42% 18% MAINLAND CHINA 41 12% 51% 27% 5% 5% JAPAN 22 5% 50% 5% 5% 27% 9% SINGAPORE 20 25% 15% 35% 25% BASE COUNTRY/REGION INDONESIA PHILIPPINES NEW ZEALAND HONG KONG SAR THAILAND 17 15 11 9 8 6% 6% 53% 24% 12% 7% 27% 27% 40% 9% 27% 9% 27% 27% 78% 25% 13% 38% 13% 13% 27% TAIWAN 6 33% 67% VIETNAM 6 83% 17% MALAYSIA 5 80% 20% PAKISTAN 4 50% 50% SOUTH KOREA 3 33% 67% From a country/region’s perspective, the percentage of Long Range charter aircraft is particularly high in Hong Kong SAR, Taiwan, Vietnam, Malaysia, and South Korea. Especially for Vietnam and Malaysia, which had more than 83% and 80%, respectively. On the other hand, countries/regions including Australia tend to prefer Light or Very Light jets, with over 60% of Australia’s charter fleet falling into these categories. New Zealand also follows this trend, with over 54% of its charter fleet consisting of Light or Very Light jets. Indonesia had more than 53% of its charter fleet made up of of Large jets. Mainland China and Japan have a wider variety of charter fleet types, but they are still primarily dominated by Long Range jet models. CHARTER FLEET BY AGE >20 years (24%) 16-20 years (23%) 296 0-5 years (11%) 6-10 years (16%) 11-15 years (26%) The average age of business jets used for charter services across Asia-Pacific is relatively high. Over 73% of these business jets were over ten years old, with more than 24% exceeding 20 years. New aircraft delivered within the past five years make up only 11% of the total fleet. As a result, the average age of charter aircraft in Asia-Pacific stands at 15.6 years. There are a total of 72 business jets with ages exceeding 20 years, with 29 primarily operating in Australia. Notably, Long Range jets and Very Light have lower average ages compared to the Asia-Pacific average, at nine years and 14 years, respectively. 11 | ASIA-PACIFIC CHARTER REPORT 2023
AIRCRAFT REGISTRIES AIRCRAFT REGISTRIES CHARTER REGISTRY COMPOSITION Local United States Offshore Others INDIA TOTAL AIRCRAFT 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 65 91% 5% 5% AUSTRALIA 62 98% 11% 2% MAINLAND CHINA 41 85% 15% JAPAN 22 45% 23% 41% 14% SINGAPORE 20 5% 35% 60% BASE COUNTRY/REGION INDONESIA PHILIPPINES NEW ZEALAND HONG KONG SAR THAILAND 17 15 11 9 8 71% 6% 24% 93% 7% 82% 18% 100% 88% 13% TAIWAN 6 67% 67% 33% VIETNAM 6 83% 17% MALAYSIA 5 40% 60% PAKISTAN SOUTH KOREA 4 3 100% 100% NOTE: 1. Offshore Registrations include Aruba, Bermuda, Cayman Islands, Guernsey, Isle of Man, Malta and San Marino. 2. Others indicate any registration except for Local, US and Offshore. Australia (VH-), India (VT-), and mainland China (B-) were the most popular local registries for charter aircraft in Asia-Pacific at the end of June 2023, with 61, 59 and 35 aircraft registered, respectively. The most popular registrations happen to be from the three countries with the largest business jet charter fleets in Asia-Pacific, with the the local registration rates of charter aircraft in these countries reaching 98%, 91% and 85%, respectively. Along with these countries/regions, the Philippines, New Zealand, Thailand, and Vietnam all have large percentages of locally registered charter aircraft—all of which are above 80%. In South Korea and Pakistan, all charter aircraft are registered in their own countries. Owing to local cabotage laws, many charter operators opt to register their aircraft locally. This strategy typically offers greater flexibility for conducting domestic flights and often results in fewer restrictions when applying for route permissions. Many countries/regions in Asia-Pacific still maintain a sizable number of US-registered (N) aircraft in their charter fleets. Frequent business exchanges with the United States have made U.S. registration (N) become very popular among Japan and Taiwan’s charter aircaft, accounting for 41% and 33%, respectively. Hong Kong SAR and Singapore are two countries/ regions that do not have any locally registered charter aircraft. Hong Kong’s current charter fleet is all registered offshore. More than 60% of Singapore’s charter fleet is registered in Australia, some of these aircraft serve both charter and medical purposes. The advantage of having the aircraft based in Singapore also includes faster repositioning to reach South Asia or East Asia. ASIA-PACIFIC CHARTER REPORT 2023 | 12
Page 1 and 2: ASIA-PACIFIC REGION 2023 Data & Ana
Page 3 and 4: REASONS TO CHOOSE ASIAN SKY GROUP A
Page 5 and 6: PUBLISHER Special features in this
Page 7 and 8: Connecting The World to Your Dream
Page 9 and 10: REGIONAL OVERVIEW As of the end of
Page 11: MARKET OVERVIEW intercontinental ai
Page 15 and 16: CHARTER OPERATOR OVERVIEW At the en
Page 17 and 18: CHARTER OPERATOR OVERVIEW TOP CHART
Page 19 and 20: SPONSORED CONTENT According to Lau,
Page 21 and 22: CHARTER SURVEY FACTORS CRITICAL TO
Page 23 and 24: CHARTER FLIGHT ROUTES TOP 10 POPULA
Page 25 and 26: CHARTER FLIGHT ROUTES FLIGHT ACTIVI
Page 27 and 28: OEM OVERVIEW FLEET BY OEM AND SIZE
Page 29 and 30: ESTIMATED HOURLY CHARTER RATE VS. C
Page 31 and 32: CHARTER MOBILE APPS CHARTER MOBILE
Page 33 and 34: APPENDIX APPENDIX SUBREGION BREAKDO

Charter Report 2023

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