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EXECUTIVE SUMMARY<br />
ASIA-PACIFIC CIVIL TURBINE HELICOPTER FLEET GROWTH<br />
4,500<br />
4,000<br />
3,500<br />
3,000<br />
2,500<br />
3,287<br />
5.3%<br />
3,460<br />
3,600 1.6%<br />
3,659<br />
4.0%<br />
5.1%<br />
3,845<br />
1.8%<br />
3,913<br />
2.1%<br />
3,997<br />
1.6%<br />
4,060<br />
4,126 4,130<br />
1.6% 0.1%<br />
CAGR<br />
2014 to <strong>2023</strong><br />
2.6%<br />
2,000<br />
2014<br />
2015 2016 2017 2018 2019 2020 2021 2022 <strong>2023</strong><br />
NOTE:<br />
Please note that for this edition of the <strong>Helicopter</strong> <strong>Fleet</strong> <strong>Report</strong>, the total fleet numbers from across the Asia-Pacific region have been adjusted to Asian Sky Group<br />
revised selection criteria for helicopters that are classified as carrying civilian registrations.<br />
A conscious effort has been made to ensure that the fleet data accurately, and distinctly reflects the current registration status of the regional fleet. As a result of<br />
the revisions, the fleet numbers presented in this report contain variations from previous reports.<br />
There were 4,130 civil turbine helicopters operating in the Asia-<br />
Pacific region as of December 31, <strong>2023</strong>. This total number had<br />
grown by four when compared to 4,126 at the end of 2022, with<br />
the growth of merely 0.1% being the lowest we have seen in the<br />
10-year period since our records began. Overall, the region has<br />
seen 2.6% year-on-year compound growth since 2014, adding<br />
843 new helicopters. Our historical data suggests that COVID-19<br />
had a very limited impact on the Asia-Pacific helicopter<br />
market, during <strong>2023</strong> there was a decrease in the number of<br />
both new deliveries and pre-owned additions compared to the<br />
previous year. There was however an increase in the number<br />
of deductions by 29 units, of which 53 out of the 178 removed<br />
helicopters were either retired or stored.<br />
Overall, excluding intra-Asia-Pacific transactions, there were 360<br />
changes in Asia-Pacific during <strong>2023</strong>, a slight decrease from 364<br />
in 2022. These changes included 62 new helicopter deliveries,<br />
120 pre-owned additions and 178 deducted helicopters.<br />
<strong>YE</strong> <strong>2023</strong> ASIA-PACIFIC CIVIL HELICOPTER FLEET REPORT | 3