Charter Report 2023

OEM OVERVIEW
FLEET BY OEM AND AGE
AVERAGE
AGE
0-5 years 6-10 years 11-15 years 16-20 years >20 years
AIRBUS
13.2
40% 40%
20%
BOEING
15.3
75%
25%
BOMBARDIER
16.0
13% 15% 24%
21%
28%
DASSAULT
15.6
11% 11%
30%
19%
30%
EMBRAER
12.6
6%
26% 45% 16%
6%
GULFSTREAM
11.5
22% 25% 27%
14%
12%
TEXTRON
18.6
6% 8%
18%
36%
32%
In terms of the average aircraft age of charter aircraft in Asia-
Pacific, Gulfstream and Embraer had the youngest fleets with an
average age of 11.5 and 12.6 years respectively, while Textron and
Bombardier had the oldest fleets with an average age of 18.6 and
16.0 years, respectively.
The difference in average ages across various OEMs can also be
attributed to their size categories. Specifically, Light and Medium
jets have a significantly higher average age, clocking in at 19.8
and 18.1 years respectively, compared to Long Range jets, which
average a mere 9.3 years. Typically, Light and Medium jets are
often more cost-effective to operate and maintain, especially
when compared to larger aircraft. Operators may not see a
compelling reason to replace older models that are still in good
operating condition, especially if they’re paid off and are relatively
inexpensive to maintain.
This dynamic is evident when examining the fleet composition
of Textron and Gulfstream. The majority of Textron’s fleet,
approximately 79%, consists of Light and Medium jets, which
helps to explain its older fleet age. In contrast, Gulfstream’s fleet
comprises primarily of Long Range jets, making up about 61% of its
fleet, resulting in a lower average fleet age.
27 | ASIA-PACIFIC CHARTER REPORT 2023