Asian Sky Quarterly 2023 Q4
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MARKET DYNAMICS: BUSINESS JETS<br />
Airliners. On the other hand, the Large Jet inventory value rose<br />
by USD 138 million during the quarter. Aside from Large Jets, the<br />
inventory value of the Long Range Jet and Medium Jet categories<br />
both saw growth of less than 5% compared to last quarter, whilst the<br />
Light Jet inventory value decreased from USD 632 million in Q3 <strong>2023</strong><br />
to USD 531 million at the end of <strong>2023</strong>.<br />
Long Range Jets still accounted for the highest global inventory value,<br />
with the Gulfstream G550, Bombardier Global 6000 and Gulfstream<br />
G650ER as the top three models, sharing combined 40% in this<br />
category. The G450 remained the most popular model in the Large Jet<br />
category, with the Challenger 350 leading the Medium Jet catgeory.<br />
Unlike the global market, Asia-Pacific's pre-owned market inventory<br />
value showed a different growth trend. The total inventory value<br />
of Corporate Airliners and Light Jets in APAC remained unchanged<br />
from the past quarter. The Long Range Jets’ inventory value nearly<br />
doubled as three G650ERs from Greater China entered the preowned<br />
market (one each from mainland China, Hong Kong and<br />
Taiwan respectively). The inventory value of the Large Jet and<br />
Medium Jet categories increased by USD 64 million and USD 17<br />
million, respectively.<br />
AIRCRAFT TRANSACTIONS 2 WORLDWIDE<br />
Corp. Airliner Long Range Large Medium Light<br />
200<br />
180<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
Q1 2021 Q2 2021 Q3 2021 <strong>Q4</strong> 2021 Q1 2022 Q2 2022 Q3 2022 <strong>Q4</strong> 2022 Q1 <strong>2023</strong> Q2 <strong>2023</strong> Q3 <strong>2023</strong> <strong>Q4</strong> <strong>2023</strong><br />
The global retail transactions of business jets reached a peak at<br />
the end of <strong>2023</strong>, with a total of 245 transactions recorded in <strong>Q4</strong><br />
<strong>2023</strong>, an increase of 7.5% compared to <strong>Q4</strong> 2022. Some 31% of all<br />
transactions were Long Range Jets, led by the Gulfstream G550<br />
(22 transactions) and Bombardier Global 6000 (ten). There were<br />
58 transactions for Medium Jets and Light Jets respectively,<br />
each accounting for 25% of the total volume. The most popular<br />
Light Jets were the Citation CJ 3 (25) and Embraer Phenom 300/E<br />
(21), while Medium Jet transactions were led by the Bombardier<br />
Challenger 300 (14) and Gulfstream G200 (13). The fourth<br />
quarter is always the busiest period for transactions of Corporate<br />
Airliners, and a total of eight Corporate Airliners were sold during<br />
this quarter, accounting for over 60% of all Corporate Airliner<br />
transactions in <strong>2023</strong>.<br />
57 | ASIAN SKY QUARTERLY - FOURTH QUARTER <strong>2023</strong>
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