Charter Report 2023

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EXECUTIVE SUMMARY The Asia-Pacific Business Jet Charter Report 2023 provides a comprehensive overview of the charter industry in the Asia-Pacific region. As such, it presents regional and market overviews, as well as data on aircraft registries, operator insights, OEM statistics, and the role of mobile apps in the sector. This report also looks into the changing dynamics of the industry, revealing trends and patterns that can inform strategic planning and decision-making. Overall, the Asia-Pacific charter fleet saw a slight decrease in the year to the end of June 2023, standing at 296 business jets, which was a 1.7% reduction from the previous year. Despite this, some regions experienced growth, including South Asia which saw a 9.5% increase reaching 69 aircraft. Northeast Asia, saw the highest growth rate of 25%, reaching a total of 25 aircraft. However, Greater China saw the steepest decline, falling by 21.1% from the previous year. Three new charter aircraft were delivered in the year to 2023, and 11 pre-owned aircraft were added to the charter fleet. These additions couldn’t help offset the 38 aircraft removed from the charter fleet. Further changes occurred in the type of missions that aircraft undertook, with 48 aircraft transitioning from private/corporate missions to charter roles, and 29 aircraft shifting from charter roles back to private/corporate missions. Bombardier and Textron were the leading OEMs, each having 29% of the total charter fleet in the region. Other notable OEMs included Gulfstream, which increased its market share to 17.2% with the addition of three aircraft. Dassault and Embraer were also significant players in the region, each holding approximately 10% of the market. Among Dassault’s fleet, the Falcon 2000 was the most common Large jet model, with the Legacy 600 dominating Embraer’s Large jet fleet. The size category of business jets is a critical factor shaping the charter market in the Asia-Pacific region. Long Range aircraft dominate the charter fleet, making up 27% of the total number of available aircraft, which reflected the increased demand for intercontinental travel in the post-pandemic era. The Gulfstream G650ER leads this category as the most popular charter aircraft in Asia-Pacific. At the other end of the spectrum, the Very Light jet category, represented by models like the Cessna Citation 510 (Mustang), experienced significant growth, increasing by 46.7%. Light and Large jets both experienced reductions but remain popular in the charter market, holding 24% and 22% of the market share, respectively. Australia (VH-), India (VT-), and mainland China (B-) were the most popular registries for charter aircraft in Asia-Pacific with local registration rates of 98%, 91%, and 85%, respectively. Offshore registrations also saw significant growth, with San Marino being the most popular location, reaching 27 aircraft by the end of June 2023. TAG Aviation, Phenix Jet, and Australian Corporate Jet Centres (ACJC) emerged as the top operators, with fleet sizes over ten aircraft. Overall, there were 16 operators with a fleet of five or more charter aircraft. A further 15 operators had three or more charter aircraft in their fleet. The increasing prominence of mobile apps in the charter industry is also noteworthy, with 16 active apps providing private jet charter services. These apps have been instrumental in enhancing efficiency and broadening customer reach, simplifying the process of obtaining quotes and managing bookings. However, despite the convenience offered by these apps, the engagement of client service representatives remains a critical component in the charter booking process due to the complex nature of charter bookings. Despite a slight decrease in the total number of charter aircraft, the Asia-Pacific charter market is showing signs of resilience, with some regions and operators experiencing growth. The rise of mobile apps is a testament to the industry’s ability to adapt to changing consumer preferences, signaling a promising future for the charter industry in the region. 5 | ASIA-PACIFIC CHARTER REPORT 2023
Connecting The World to Your Dream Dedicated to Service Excellence Striving for excellence with over 10 years business aviation management services in Asia Pacific Commitment on Asset Management Providing a full life cycle management service for business jet owners, offering a seamless and safe travel experience Personal Bespoke Services Creating memorable and delightful In-flight experiences for our passengers Take your business travel to the next level. www.sinojet.org Aircraft Delivery | Business Jet Management | Air Charter | Maintenance | FBO | Premium Travel Services | Ground Handling Beijing • Hong Kong • Shanghai • Hangzhou • Guangzhou • Shenzhen • Chengdu • Xiamen • Zhuhai • Macau • Singapore ASIA-PACIFIC CHARTER REPORT 2023 | 6
Page 1 and 2: ASIA-PACIFIC REGION 2023 Data & Ana
Page 3 and 4: REASONS TO CHOOSE ASIAN SKY GROUP A
Page 5: PUBLISHER Special features in this
Page 9 and 10: REGIONAL OVERVIEW As of the end of
Page 11 and 12: MARKET OVERVIEW intercontinental ai
Page 13 and 14: AIRCRAFT REGISTRIES AIRCRAFT REGIST
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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