Charter Report 2023

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REGIONAL OVERVIEW 5 4 58 65 57 41 3 3 SOUTH KOREA 17 22 JAPAN PAKISTAN MAINLAND CHINA 11 9 3 6 INDIA HONG KONG SAR TAIWAN 10 8 21 20 THAILAND 8 5 2 6 VIETNAM 16 15 PHILIPPINES SINGAPORE MALAYSIA 14 17 INDONESIA 301 296 62 62 2022 1 -1.7% 2023 AUSTRALIA 5 2 OTHERS 3 NOTES: 1. 2022 data is based on Asian Sky Group’s adjusted and updated numbers. 2. Only includes business jets that are operated under Part 135/AOC passenger carrying rules that have been released by the owner for passenger charter. 3. Others include Kiribati, Laos, New Caledonia, and PNG. 4. Subregion and Country/Region are defined in appendix on page 32. 9 11 NEW ZEALAND 7 | ASIA-PACIFIC CHARTER REPORT 2023 7 | ASIA-PACIFIC CHARTER REPORT 2023
REGIONAL OVERVIEW As of the end of June 2023, Asia-Pacific had 296 business jets available for charter, marking a decrease of five aircraft from the 301 recorded at the end of June 2022. This represents a 1.7% reduction in fleet size. Of the countries/regions within Asia-Pacific, six experienced an increase in their local charter fleets, while three maintained their fleet size and ten witnessed a decrease. With a total of 75 aircraft, Oceania continues to have the largest charter fleet in Asia-Pacific. With 62 business jets available for charter, Australia’s fleet is unchanged from the previous year. New Zealand added two aircraft to its charter fleet, bringing its total to 11. Oceania has maintained the same charter demand and even managed to expand slightly, which is impressive given that the number of business jets available for charter across the region declined. Despite a 1.4% decrease, Southeast Asia’s total fleet of charter aircraft reached 71, coming in as the second biggest charter fleet in Asia-Pacific behind Oceania. Malaysia and Thailand have seen the steepest declines in their own charter fleets, falling by 37.5% and 20%, respectively. Philippines and Singapore each made minor adjustments of one aircraft. With the addition of four and three business jets for charter, respectively, Vietnam and Indonesia are the two nations in Southeast Asia with the strongest growth. However, overall, the decline in Southeast Asia is still lower than the average across Asia-Pacific. With India’s charter fleet significantly expanding, South Asia’s overall fleet climbed by 9.5% from the previous year, reaching 69 aircraft, increasing its ranking to the third place. With 65 aircraft, India now has the largest charter fleet in Asia-Pacific, surpassing Australia in the total number of business jets available for charter. Other South Asian countries charter fleets had no substantial changes, with the exception of Pakistan, which lost one aircraft. South Asia’s overall charter business has therefore become the third most popular market in Asia-Pacific. Greater China experienced the steepest decline in the number of charter aircraft in Asia-Pacific between mid-2022 and mid-2023, falling from third to fourth place. The overall charter fleet in Greater China decreased by 15 aircraft, a decline of 21.1% from the previous year. The most significant declines occurred in mainland China and Hong Kong, which lost 16 and two aircraft respectively. Despite a 28.1% reduction in its charter fleet, the majority of aircraft remained in mainland China, having transitioned to Part 91 operations. Despite the decline, mainland China still had one of the largest charter fleets in Asia-Pacific, with 41 aircraft, ranking third overall. Taiwan added three aircraft in the same period. With a 25% increase from mid-2022 to mid-2023, Northeast Asia is the region with the highest growth rate in Asia-Pacific, reaching a total of 25 aircraft. The charter fleet in Northeast Asia increased by five aircraft, all of which were contributions from Japan. Japan’s business jet charter fleet increased by 29.4% compared with the previous year, reaching a total of 22 aircraft, ranking fourth in Asia-Pacific. The Japanese charter BUSINESS JET CHARTER FLEET 2 LARGEST COUNTRY/REGION 65 INDIA MOST NET FLEET ADDITIONS +7 INDIA FLEET GROWTH IN MAJOR MARKETS Net Fleet Growth SUBREGION 4 2023 2023 South Asia +6 9.5% Northeast Asia +5 25.0% Oceania - - Southeast Asia -1 -1.4% Greater China -15 -21.1% TOTAL -5 -1.7% Net Fleet Growth MOST NET FLEET DEDUCTIONS -16 MAINLAND CHINA Growth Rate Growth Rate COUNTRY/REGION 4 2023 2023 India +7 12.1% Japan +5 29.4% Vietnam +4 200.0% Indonesia +3 21.4% Taiwan +3 100.0% New Zealand +2 22.2% Australia - - South Korea - - Pakistan -1 -20.0% Singapore -1 -4.8% Philippines -1 -6.3% Thailand -2 -20.0% Hong Kong SAR -2 -18.2% Malaysia -3 -37.5% Mainland China -16 -28.1% Others 3 -3 -60.0% TOTAL -5 -1.7% Ranked by 2023 net fleet growth in descending order from the highest. market has also maintained stable growth in recent years, with the charter fleet now showing an increase for two consecutive years. ASIA-PACIFIC CHARTER REPORT 2023 | 8
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: Connecting The World to Your Dream
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

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