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