Asian Sky Quarterly 2023 Q4

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ASIA-PACIFIC MOOD & INTENTIONS QUARTERLY SURVEY 1 | ASIAN SKY QUARTERLY - FOURTH QUARTER 2023
QUARTERLY SURVEY RESPONDENT BREAKDOWN Respondent's Business Location Oceania (11%) South Asia (11%) Rest of the World (21%) Top Business Operation Locations Singapore (4%) Germany (4%) Thailand (6%) Malaysia (6%) Indonesia (7%) Australia (10%) India (11%) 72% of total respondents Middle East & North Africa (4%) Greater China (27%) Southeast & Northeast Asia (26%) Philippines (4%) Hong Kong SAR (19%) Mainland China (15%) United States (14%) Q4 2023 Survey Highlights MOOD & INTENTIONS: QUARTERLY SURVEY 1. The overall percentage of respondents feeling optimistic about the regional economy has risen. Only Greater China and South Asia witnessed a decline in economic optimism. 2. With the steady recovery of the regional economy, respondents that reported lower utilization has dropped. Southeast and Northeast Asia, South Asia, and Oceania saw an increase in aircraft utilization, while Greater China and the Middle East & North Africa saw lower utilization. 3. Purchase intentions for new aircraft increased, whilst interest in pre-owned aircraft declined. Large jets were the most popular category for fixed-wing aircraft, with twin turbines for helicopters. 4. The pre-owned aircraft market has reached balance to a certain extent, as half of respondents felt they were in a balanced market. 5. The price of aircraft remained the top limiting factor that influenced purchasing decisions. 6. Nearly half of the respondents said they will charter aircraft in the next three months. In Q4 2023, almost 300 business aviation professionals participated in Asian Sky Group’s survey about the mood and intentions of the industry. The regions with the most respondents include: Respondent’s Related Aircraft Type Turbine Helicopter (19%) Business Turboprop (Such as King Air) (21%) Respondent’s Category Aircraft Owner / Charter User (16%) Piston Helicopter (7%) Business Jet (53%) Aircraft Operator / Management Company (32%) 1. Greater China, mainly covering mainland China and Hong Kong SAR (27%) 2. Southeast Asia and Northeast Asia (26%) 3. Oceania (11%) 4. South Asia (11%) 5. Middle East and North Africa (4%) More than half (53%) of the respondents were from business jet related operations, while respondents related to business turboprops (21%) and turbine helicopters (19%) came second and third. A total of 32% of the respondents worked in an aircraft operator/ management company, followed by services providers (FBO, MRO, etc.) (26%) and aircraft sales/charter broker (26%). Economic Outlook in the Region In Q4 2023, the overall percentage of respondents that felt optimistic about the regional economies in Asia-Pacific, the Middle East and North Africa grew slightly to 79%. Aircraft Sales / Charter Broker (26%) 73% of total respondents Service Providers 1 (FBO, MRO, etc) (26%) In Asia-Pacific, the economic situation is challenging, with increased global demand for goods to services and monetary tightening across the region. Damage from global warming and natural disasters is increasing, especially for some of the vulnerable countries in Asia. Despite this, Asia-Pacific remains one of the most FOURTH QUARTER 2023 — ASIAN SKY QUARTERLY | 2
Page 1 and 2: 4TH QUARTER 2023 CESSNA CITATION CJ
Page 3 and 4: PUBLISHER Director Dennis Lau tackl
Page 5: CONTENTS 01 ASIA-PACIFIC MOOD & INT
Page 9 and 10: MOOD & INTENTIONS: QUARTERLY SURVEY
Page 11 and 12: MOOD & INTENTIONS: QUARTERLY SURVEY
Page 13 and 14: ASIA-PACIFIC BUSINESS JET FLIGHT AC
Page 15 and 16: FLIGHT ACTIVITY In the fourth quart
Page 17 and 18: FOURTH QUARTER 2023 — ASIAN SKY Q
Page 19 and 20: FLIGHT ACTIVITY The most popular de
Page 21 and 22: FLIGHT ACTIVITY Mumbai (Chhatrapati
Page 23 and 24: IADA MARKET REPORT BACKGROUND ON RE
Page 25 and 26: IADA MARKET REPORT AIRCRAFT SALES M
Page 27 and 28: IADA MARKET REPORT 6-MONTH MARKET S
Page 29 and 30: WILLINGNESS TO INVENTORY PROJECTION
Page 31 and 32: IADA MARKET REPORT MONTHLY ACTIVITY
Page 33 and 34: IADA MARKET REPORT TOTAL CLOSED DEA
Page 37 and 38: GLOBAL PRE-OWNED MARKET UPDATE Usin
Page 39 and 40: GLOBAL PRE-OWNED MARKET UPDATE MEDI
Page 41 and 42: GLOBAL BUSINESS AVIATION MARKET UPD
Page 47 and 48: MARKET SPOTLIGHT FLEET SUMMARY MODE
Page 49 and 50: MARKET SPOTLIGHT Fleet in Operation
Page 51 and 52: MARKET SPOTLIGHT Avg. Days on Marke
Page 55 and 56: SPONSORED CONTENT Long legs across
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MRO JAPAN 25% owned by Japanese air
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SAPPORO OPENS NEW FBO is largely se
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MARKET DYNAMICS: BUSINESS JETS PRE-
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MARKET DYNAMICS: BUSINESS JETS % OF
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MARKET DYNAMICS: BUSINESS JETS MARK
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MARKET DYNAMICS: HELICOPTERS rates
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MARKET DYNAMICS: HELICOPTERS SUPPLY
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MARKET SUMMARY BUSINESS JETS Q4 202
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AIRCRAFT POSITIONING ANNUAL OPERATI
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MARKET SUMMARY INVENTORY LEVEL, PRI
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MARKET SUMMARY: BUSINESS JETS CHALL
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MARKET SUMMARY: BUSINESS JETS CHALL
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MARKET SUMMARY: BUSINESS JETS CITAT
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MARKET SUMMARY: BUSINESS JETS FALCO
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MARKET SUMMARY: BUSINESS JETS FALCO
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MARKET SUMMARY: BUSINESS JETS LINEA
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MARKET SUMMARY: BUSINESS JETS G450
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MARKET SUMMARY CIVIL HELICOPTERS Q4
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MARKET SUMMARY INVENTORY LEVEL, VAL
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MARKET SUMMARY: CIVIL HELICOPTERS A
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MARKET SUMMARY: CIVIL HELICOPTERS B
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MARKET SUMMARY: CIVIL HELICOPTERS L
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ASIAN SKY GROUP - AIRCRAFT AVAILABI
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Asian Sky Quarterly 2023 Q4

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