Business Jet Fleet Report YE 2023 Asia-Pacific

BUSINESS JETS | ASIA-PACIFIC 

YE 2023 

Cover Feature 

FALCON 6X 

Special Features 

DASSAULT AVIATION 

ROLLS-ROYCE 

Data & Analysis 

REGIONAL OVERVIEW 

COUNTRY/REGION SNAPSHOTS 

MARKET TRENDS 

OPERATORS 

AIRCRAFT REGISTRIES 

OEMS 

ENGINES 

YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT | I

EDITOR’S NOTE 

This time last year we had just 

run our first forum event and 

were diligently reading through 

all of the feedback forms to 

see if we should, run it again. 

People during the event had 

told us that we should and 

whilst in person feedback is 

always great, human nature 

normally means that people are 

more likely to be positive when asked to give feedback face-to-face. 

Which is why a feedback forum at the end of an event might seem 

like a chore to fill in, but for event organizers it’s the perfect way to 

find out what people really think. It also gives people completing the 

survey the chance to help shape any future events. If of course there 

will be any future events. 

The good news is that all of the feedback we did receive was positive, 

which is why I am delighted to announce that this year we will run 

another forum. Last year it was held in Kuala Lumpur, Malaysia, but 

as it was always our intention to move the forum around the region, 

this year it will be held in Jakarta, Indonesia at the end of June. 

misinformation, so by holding the conference there, we, and you, 

could gain a better understanding its market. 

Those that came to our Kuala Lumpur event will be familiar with the 

Jakarta event, as we will use the same format. Spread over two days, 

the conference itself bans PowerPoints, and instead focusses on 

direct conversations between panelists. There will also be plenty of 

networking opportunities, with long lunches, and cocktail parties the 

evening before the event starts, and at the end of day one. 

The response so far has been overwhelming, with all of our Premier 

Sponsorships being sold out before we have even begun to really 

market the event. There are of course some standard sponsor 

packages still available, so please do get in touch if you’d like to hear 

more about those. 

The release of this edition of the Business Jet Fleet Report also 

coincides with the release of tickets for the event going on sale. 

We’ve had an unadvertised pre-release list up and running on our 

website for a while now, and the response has been great, so we are 

now in the position to release the tickets for sale. There is an advert 

for the event later in this publication, and you can find out more 

about the event by visiting our website. 

Why Jakarta you might ask? Well, it’s no secret that there’s a lot of 

activity in Southeast Asia at the moment. The fleet report that you’re 

about to read shows that aside from East Asia (Japan and South 

Korea) Southeast Asia grew the most in 2023. It’s also no secret that 

within Southeast Asia, Indonesia is one of the countries that’s seeing 

the most activity. 

In itself, that's a good enough reason, but we also felt that 

the Indonesian business aviation market is surrounded by 

But getting back to the issue at hand (no pun intended). This edition 

of the Business Jet Fleet Report includes all of the usual breakdowns 

and comparisons of the Asia-Pacific business jet fleet. The data 

includes all of the in-service business jets and corporate airliners 

operating in Asia-Pacific as at the end of 2023. 

In service is a crucial term here. To be counted, an aircraft must be 

in active service, meaning that it cannot be parked up in storage, nor 

can it be a newly acquired aircraft that is undergoing maintenance 

SPECIAL THANKS TO OUR CONTRIBUTORS 

II | YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT

efore entering into service. This is a point that we have always 

used, so it is not something that has been recently added. In fact, 

our criteria has largely stayed the same over the past ten or so 

years since we began producing fleet reports. What this means is 

that we retain consistency – we count the aircraft in the same way 

each year, so you can be sure that any comparisons we do with 

types, models or countries, remains consistent year to year. 

As well as all of the usual data and intel that you’ve come to rely 

on, this edition of the Business Jet Fleet Report includes several 

special features. 

One of them is a very special feature, as we were invited to see 

first-hand what the Falcon 6X was like by taking a flight from 

Bangkok to Manila on the first aircraft to enter into service. Pretty 

lucky I know, but the next day we got even luckier as we were able 

to fly on it again, this time from Manila back home to Hong Kong. 

I won’t spoil what we thought, but I will tell you that it sure beat 

flying back on a commercial flight! 

an unmeasurable number of hours of stress. On arrival in Hong 

Kong the immigration people came onboard the aircraft to meet 

us, and in ten minutes we could have been on our separate ways 

back home. And as I live right by the airport, I could have, in theory, 

been home less than 30 minutes after our wheels touched down. 

We also have a special feature on Rolls-Royce CorporateCare. Or 

rather, CorporateCare Enhanced, which the company introduced 

in 2019. 

As always, all the remains is for me to say thank you to everybody 

that contributed to this report. 

Actually, flights like the one we took home really demonstrate the 

true value of business aviation. We didn’t know that we would be 

able to fly on the 6X again until the night before, so we arrived in 

Manila thinking that we would have to fly back home commercial. 

Don’t get me wrong, flying on any business jet is an amazing 

experience, but it’s not until you fly on a business jet on a flight 

that you'd otherwise have to take on a commercial flight that you 

feel the real benefits. 

So instead of checking in at a crowded and boiling hot Manila 

Airport, and then almost missing our flight because immigration 

took so long, we were whisked straight from the hotel to the steps 

of the aircraft. This saved at least an hour and a half, but it saved 

Sincerely, 

Alud Davies 

Head of Research & Publications 

Asian Sky Group 

YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT | III

Future 

Focused 

On the ground and in the air, Gulfstream is 

innovating for a more sustainable future in flight. 

Follow our journey 

IV | YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT

CONTENTS 

PUBLISHER 

04 

09 

12 

14 

18 

22 

24 

48 

FIRST TO FLY: DASSAULT FALCON 6X 


Come with us as we take a flight from Bangkok to Manila 

onboard the brand new Dassault Falcon 6X. 

EXECUTIVE SUMMARY 

The Executive Summary is where you will find a quick overview 

of all of the headline findings from the report. 


The Regional Overview shows a high-level snapshot of the Asia- 

Pacific fleet by region and country. 


The Major Country/region Snapshots give a brief overview of the 

business jet fleets in each country/region, and includes the total 

fleet size, number of transactions and biggest operators.. 

MARKET TRENDS 

The Market Trends section looks at the deliveries and 

transactions in the region, with data presented by OEM, type 

and value. 

CORPORATECARE ENHANCED: 

KEEPING BUSINESS JETS FLYING 

ROLLS-ROYCE 

We take a look at Rolls-Royce’s CorporateCare program, and 

see the benefits that it brings operators. 

MARKET UPDATES 

The Market Updates section is where you will find more 

granular data on the aircraft and engines in the region. 

24 Operator Overview 

28 Aircraft Registry Overview 

31 OEM Overview 

40 Engine Overview 

APPENDIX 

COVER IMAGE 

Falcon 6X 

Dassault Aviation 

EDITORIAL & MARKET RESEARCH 

Alud Davies 

Bowen Zhang 

Casper Zhuang 

Charlie Xu 

Cynthia Ning 

Dennis Lau 

Iris Lian 

Winny Cheng 

DESIGN 

Amy Liu-Lhuissier 

Zoe Xiao 

ADVERTISING/ENQUIRIES: 

Jerry Ho 

jerry@asianskygroup.com 

+852 9199 7751 

www.asianskygroup.com 

The materials and information provided by Asian Sky Group in 

this report are for reference only. While such information was 

compiled using the best available data as of December 31, 

2023, any information we provide about how we may interpret 

the data and market, or how certain issues may be addressed 

is provided generally without considering your specific 

circumstances. Such information should not be regarded as a 

substitute for professional advice. Independent professional 

advice should be sought before taking action on any matters 

to which information provided in this report may be relevant. 

Asian Sky Group shall not be liable for any losses, damage, 

costs or expenses howsoever caused, arising directly or 

indirectly from the use of or inability to use this report or use 

of or reliance upon any information or material provided in 

this report or otherwise in connection with any representation, 

statement or information on or contained in this report. 

Asian Sky Group endeavors to ensure that the information 

contained in this report is accurate as at the date of 

publication, but does not guarantee or warrant its accuracy 

or completeness, or accept any liability of whatever nature 

for any losses, damage, costs or expenses howsoever 

caused, whether arising directly or indirectly from any error 

or omission in compiling such information. This report 

also uses third party information not compiled by Asian 

Sky Group. Asian Sky Group is not responsible for such 

information and makes no representation about the accuracy, 

completeness or any other aspect of information contained. 

The information, data, articles, or resources provided by any 

other parties do not in any way signify that Asian Sky Group 

endorses the same. 

YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT | 1

2 | YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT



FIRST TO FLY: 

DASSAULT FALCON 6X 

By Alud Davies 

Psychologists say that everybody has an individual ‘tell’, something that gives away how we are truly 

feeling, even when we are trying to hide it. Poker players look for this to try and figure out how opposing 

players feel about the hand they have been dealt, whilst criminal psychologists look for tells to see if they 

are being lied to. 

So when I glance at the co-pilot on the flight I’m on and see a small 

sly grin appear in the corner of his mouth, I know we have just done 

something special. 

Our flight today is on Dassault’s new Falcon 6X, which at the time of 

writing was part way through a tour of Asia. The particular aircraft 

we are flying on is msn 004, F-WSUP, which was officially the first 

aircraft to enter into service following its joint certification by the 

US FAA and EASA. The aircraft had already visited several Asian 

counties as part of its tour and had arrived at Bangkok’s Don Mueang 

International Airport several hours earlier from Laos. 

The aircraft needed to fly to Manila to be shown to prospective 

buyers the following day, so Asian Sky Group was invited to join 

the flight from Bangkok, which is the type of invitation we never 

turn down. 

Having arrived in Bangkok the day before at the back of a crowded 

Vietnam Airlines Airbus A321 from Saigon, my expectations for the 

flight were high. Not only would this (obviously) be my first chance 

to fly on the Falcon 6X, but it would also be the first time that the 6X 

had been to Manila. To cap it all off, I was invited to sit in the cockpit 

jumpseat for departure. 



I’d been onboard the Falcon 6X before, and seen many pictures, 

so was somewhat familiar with the configuration. Effectively split 

into three zones, the 6X has a set of four club seats just past the 

galley, then a dining area with a table and seats for four, then a 

final area at the back of the aircraft with two sets of twin divans. 

Speaking of the galley, I was excited to see the unique Skylight on 

the 6X whilst flying. 

But all of that would have to wait as I was strapped into the jumpseat, 

ready for departure. The Falcon 6X’s cockpit is a modern masterpiece. 

It’s clean, bright, and as I watch our pilots for the day go through 

their pre-flight checks, it seems logical, with a natural flow between 

panels and consoles as the pilots prepare us for departure. As the 

latest in the Dassault range, the 6X features the third generation of 

smart side stick controls, electronically linked to the Digital Flight 

Control System. Dassault was the first business jet manufacturer to 

use sidesticks rather than traditional yokes, although several other 

manufacturers have now begun following this trend. 

A short taxi to Don Mueang’s only runway saw us pass many 

older Thai Airways Airbus A330s and A340-500s, all fading in the 

blistering sunlight. We stop short of the runway and watch as a 

Thai AirAsia Airbus A320neo effortlessly glides itself down onto the 

runway in front of us. 

And then it’s our turn. Whilst I’m busy snapping pictures and getting 

ready to shoot video a Dassault quote that runs through my mind. 

We had featured an article about the 6X in one of our recent Asian 

Sky Quarterly magazines, and one quotes stayed with me. It was 

Dassault’s chief test pilot Philippe Duchateau, who is coincidentally 

our pilot in command today, who said “Passengers love the power. 

They invariably ask for a max performance takeoff.” So that’s 

exactly what I did. 

Back in April 2005 I experienced the steepest takeoff that I had 

been on to date. The aircraft was a Varig McDonnell-Douglas MD-11, 

known to be a rocket ship anyway, but this flight was short, just two 

to two and a half hours long, very lightly loaded out of São Paulo’s 

Guarulhos Airport bound for Buenos Aires. I still vividly remember 

being pushed back in my seat and feeling like my stomach had been 

left on the ground as we powered out of Sao Paulo that morning. As 

I’d later learn through researching for this article, the MD-11 has a 

max liftoff angle of 10 degrees, whilst V2 + 10 is 25 degrees, and I’m 

pretty sure we got very close to that. 

These numbers are impressive, but the reality is that ATC restrictions 

often prohibit these types of departures, so as we inch our way onto 

the runway, and I start filming, I’m wondering what will happen next. 



Is it a gimmick? In all honesty that’s up to individual people to 

decide. It is, however, a talking point, and makes the aircraft 

easier to remember the 6X for people that are perhaps less 

familiar with the different types of business jets. What I was 

looking forward to was being able to see the starry sky as we 

zipped across the South China sea, but unfortunately nature 

decided that treating us to a spectacular sunset was enough for 

us today, so all we could see was darkness as we stood looking 

up from beneath the skylight. During the day however the skylight 

lets even more day light into the galley, which is of course one 

section of the cabin that is traditionally dimly lit. 

I didn’t have to wait long. I was expecting us to come to a full stop 

at the end of the runway and rev up our engines like a teenage boy in 

his first car, but instead, as soon as we are lined up on the centerline, 

Duchateau pushes the power throttles forward as far as they go and 

without any hint of disagreement, the 6X jumps forward and begins 

picking up speed. 

I’m pushed back hard in my seat, but before I can readjust myself, we 

are already off the ground and climbing like the MD-11 never existed. 

My view is unfortunately straight ahead, so I can no longer see the 

ground for reference, but luckily, I’m given the opportunity the very 

next day to sit in the back for departure from Manila back home to 

Hong Kong, so I can tell you that it’s a very strange feeling looking 

down from so high at the airport you’ve just left, whilst still being 

above the runway. 

The second thing, and this was immediately obvious, is just how 

quiet the 6X cabin is. I’d been lucky enough to fly on a Citation 

Longitude a few years, and I was stunned by how quiet it was, 

but the 6X was even quieter. Those that know me well know that I 

have fairly quiet voice, but the reality of the quietness meant that 

even when sat in the forward club section, those sitting on the 

other side of the aircraft could hear me speak, without me having 

to raise my voice at all. This has two effects: the most obvious 

one is that it’s great not having to raise your voice, or try to listen 

hard when somebody else speaks, but the second, and perhaps 

more important effect is that it has on how you feel after flying. 

The cabin altitude of the 6X is already low at just 3,950 ft when 

cruising at 41k, which reduces fatigue when flying, especially on 

long flights. But this is amplified by not having to raise your voice or 

concentrate very hard when somebody else speaks, both of which 

reduce fatigue even more. 

Impressed, I stopped filming and prepared to join my colleague in 

the cabin. And that when I see it, I see the tell. As a put my phone 

away I glanced over at the co-pilot and saw a small sly grin appear 

in the corner of his mouth, and in my mind I can almost heard him 

shout “Hell yeah!”. 

Back in the cabin and we have already reached our initial cruise. This, as 

I’d later find out took only 18 minutes, with the 6X taking up a measly 800 

meters of runway and rocketing up to cruise at an impressive 2,000 ft per 

minute. So far, the ride has been super smooth, and as we look outside, 

nature treats us to a spectacular display of deepening blues, oranges, 

pinks and purples as the sun sets rapidly in front of us. 

After a celebratory glass of Chateau Dassault – after all, this will be the 

first time that the 6X has visited Manila, I’m called back into the cockpit 

for landing and strapped back into the jumpseat. 

Landing is of course one of the flight phases that Falcon’s excel at, with 

their legendary short field performance being well known across the 

industry. The 6X is no exception to this, with flaps and slats fitted, and for 

There are two things that immediately strike me about the cabin, the 

first being how much natural light comes into the cabin. This is not 

only due to the large size of the cabin windows, but also due to the 

fact that each of the windows spaced relatively close to each other. 

This reduced space between windows means that more windows 

can be fitted, which is turn means that more light can come into the 

cabin. And then there’s the skylight. 



the first time, digitally operated rather than mechanically operated. The 

6X also includes a new control called the which helps the 6X dive into 

shorter runways without affecting its decent angle of attack. Manila is of 

course a busy international airport and has the runway length to support 

the widebody airliners that regularly visit the airport, so unfortunately 

there’s no need for any diving today. 

Once we are lined up with the runway centerline the landing happens all 

too quickly, but not before the lights of the Manila skyline came into view 

on our port side. In all honesty, the landing happened quickly because I’m 

busy taking pictures and shooting video, all of which are buttery smooth 

thanks to the 6X’s ultra smooth approach. 

And then, as quickly as we started, the flight is over and we are 

busy navigating the confusing Manila taxiways, bypassing closed 

off sections due to works. And then we stop, parked up outside 

a nondescript hangar, ready to be shown to clients and potential 

clients the next day. But before that can happen, customs and 

immigration staff board to check our passports and baggage. Before 

they leave, they ask if they can take pictures of the aircraft, excited to 

see an aircraft type they haven’t had the chance to see before. 

On the ride to the hotel my colleague and I reflect on the flight we have 

just taken. We have slightly different experiences as he sat in the cabin for 

the flight, whilst I had the pleasure of sitting in the jumpseat. Despite this 

our conclusions are exactly the same. It’s an incredible aircraft. 

Dassault has, in the past, been semi criticized for making aircraft for 

pilots. I say semi criticized because this isn’t a real criticism. 

Falcons have always been 

loaded with the most upto-date 

technology in the 

flightdeck, as well as with the 

flight controls systems, which 

make them some of the safest 

aircraft flying.” 

But as a very well-known broker always told me, it is cabins that 

sell aircraft. And the Falcon 6X has one of the best cabins of any 

business jet. The combination of its extra wide cabin and the amount 

of natural light that comes through the windows creates a feeling of 

space that you just don’t get on any other business jet. Couple this 

with the smooth, smooth ride that the Falcon 6X gives and it’s not 

hard to see how the 6X will be quickly become a favourite, not only 

with the pilots that fly the aircraft, but also with all of the very lucky 

passengers that get to sit in the back. 

www.dassaultfalcon.com 


Business Aviation Forum 

2024 

Location 

Jakarta, Indonesia 

Venue 

Shangri-La Jakarta 

Date 

26 – 27th June 2024 

The forum consists of engaging panel discussions on the latest trends and issues, fireside chats, and 

networking opportunities with industry professionals from across the world. Key topics include a deep dive 

into business aviation in Indonesia and separate panels looking at Indochina and the rest of Southeast Asia. 

8 | YE 2023 ASIA-PACIFIC BUSINESS JET FLEET REPORT 

www.asianskygroup.com/events


At the end of 2023, the Asia-Pacific business jet fleet totaled 1,154 aircraft, a slight increase of 0.2% compared to 2022. 

Major market movements included 28 new deliveries, 63 pre-owned additions and 89 aircraft deductions, which resulted 

in a net addition of two business jets to the fleet. The number of deductions was significantly lower than in the previous 

two years, which was a major factor in the fleet seeing growth again after declining for two years. 

Long Range Jets remained the most 

preferred category of business jets in 

the Asia-Pacific region in 2023, bouncing 

back from a 5.7% decline in 2022 with 

the net addition of eight aircraft in 2023. 

The G650/ER and G550 were the most 

popular models in this size category, 

accounting for 49.2% of all Long Range 

jets. Medium, Light and Very Light jets 

increased their market shares in the 

region, with a combined market share 

of 43.6%, up from 42.0% in 2022. The 

largest fleets of Light and Very Light jets 

were in Australia, whilst mainland China 

had the largest fleet of the most popular 

midsize model - the Citation 560XL. 

The volume of Large Jets has declined 

since 2015, and in 2023 eight Gulfstream 

G450s left the region’s fleet. At the end 

of the year, there were 197 Large Jets 

based in the Asia-Pacific region. The 

Corporate Airliner fleet continued to 

decline after peaking at 110 jets in 2021, 

with the fleet dropping to 83 at the end 

of 2023, which was close to the size of 

the fleet in 2015. The top three OEMs: 

Bombardier, Textron and Gulfstream, had 

a combined market share of 76.5% in 

Asia-Pacific. Among the top models of 

all OEMs, Textron’s Citation 525 was the 

only one to see a net increase in 2023. 

NET FLEET GROWTH 

Positive Negative No Change 

BOMBARDIER 

TEXTRON 

GULFSTREAM 

DASSAULT 

EMBRAER 

AIRBUS 

BOEING 

OTHERS 

-4.9% 

-1.9% 

1.0% 

0.7% 

-9.6% 

2.7% 

-9.6% 

-5.9% 

7.5% 

5.6% 

-2.4% 

-10.0% 

-14.3% 

-10.0% 

18.4% 

15.6% 

OEM 

35 

30 

27 

38 

67 

41 

40 

36 

45 

94 

85 

80 

72 

76 

52 

329 

313 

301 

304 

291 

263 

307 

306 

270 

LONG RANGE 

LIGHT 

LARGE 

MEDIUM 

VERY LIGHT 

CORP. 

AIRLINER 

Size Category 

-5.7% 

2.2% 

2.3% 

4.0% 

-6.3% 

-5.7% 

-3.5% 

1.2% 

7.0% 

9.8% 

-11.8% 

-14.4% 

86 

92 

101 

110 

97 

83 

172 

166 

221 

226 

235 

223 

209 

197 

168 

1,196 

1,152 

1,154 

384 

362 

370 

2021 

2022 

2023 



ASIA-PACIFIC BUSINESS JET FLEET GROWTH 

1,250 

1,200 

1,150 

3.3% 

1,136 

1,193 

1,173 

1.7% 

1.0% 

1,205 0.3% 

1,209 

1.2% 

1,223 

-2.2% 

1,196 

-3.7% 

1,152 0.2% 1,154 

1,100 

1,050 

1,079 

5.3% 

CAGR 

2014 to 2023 

0.7% 

1,000 

2014 

2015 2016 2017 2018 2019 2020 2021 2022 2023 

Mainland China retained the largest fleet in Asia-Pacific, despite 

a declining in recent years, with 15 aircraft additions and 24 

deductions during 2023. Mainland China and Hong Kong SAR were 

the locations with the most net deductions, with Hong Kong SAR’s 

fleet nearly halved from 110 business jets at the end of 2020. 

Mainland China operated the largest fleet of Long Range and Large 

jets, with 123 Long Range Jets and 52 Large Jets accounting for 

33.2% and 26.3% of the Asia-Pacific fleet, respectively. 

Australia (213) and India (151) had the second and third largest 

fleets in the region, and had growth rates of 0.5% and 4.9%, 

respectively. Australia also had the largest fleet of Light and Very 

Light jets, with 87 of the 234 Light Jets and 40 of the 168 Very Light 

Jets in the region. India had the largest fleet of Medium Jets in 

Asia-Pacific - a 23.8% share of the regional fleet. 

Japan ranked fourth among Asia-Pacific countries as it had the 

lowest share of Corporate Airliners, Large Jets and Long Range 

Jets among the top five countries. Light Jets was the most popular 

size category in Japan, with Textron and Honda, the top two OEMs, 

supplying 94.6% of all Light Jets in the country. 

Twenty eight brand new business jets were delivered to the region 

in 2023, four fewer than the previous year, and pre-owned additions 

increased by five compared to 58 in 2022. The number of aircraft 

removed from the Asia-Pacific fleet (89) decreased significantly 

compared to 2021 and 2022, which has now seen a decline of 34.3%. 

Gulfstream was one of the most popular OEMs in the region, with 

eight new deliveries, 22 pre-owned additions and 23 deductions 

during 2023. The G650ER was its most popular model in Asia- 

Pacific, with its G650ER and G550 being the top models in seven 

out of 22 Asia-Pacific countries. 

Bombardier’s Global 7500 and Gulfstream’s G650ER were tied 

for the top spot for the most deliveries into the region with six 

each. Gulfstream’s Long Range G550 saw 12 pre-owned additions 

in 2023, making it the model with the most pre-owned, and 

net additions. The Global 6000 was the model with the most 

deductions in 2023, followed by Gulfstream’s G650ER, G450 and 

G550. The Gulfstream-built aircraft that left the Asia-Pacific were 

worth USD 528.5 million in total. 

Singapore had the most net additions to its fleet, with two new 

deliveries, 16 pre-owned additions and ten deductions. At the end of 

2023, Singapore had 74 based business jets, the fourth largest fleet 

in Asia-Pacific. The largest fleet in the region belonged to mainland 

China, which saw nine net deductions during 2023. 

The top 20 operators had 344 business jets, accounting for 29.8% 

of the total fleet, ten of which had net additions to their fleets 

during 2023, including one operator new to the list (Australia’s 

Global Jet International). 

Sino Jet remained in first place with 41 aircraft in operation, while 

TAG Aviation and Jet Aviation took second and third places with 

three and two net additions, respectively. BAA ended 2023 with 28 



business jets and ranked the fifth among Asia-Pacific operators. 

The average age of aircraft in the fleets of the top 20 operators was 

eight years, five years younger than the regional average. 

aircraft. Mainland China, Hong Kong SAR and Singapore had 

the largest share of offshore registered aircraft with a combined 

market share of 69.1%. 

In total, 66.5% of Asia-Pacific based business jets were 

domestically registered, with more than 70.0% of business 

jets in mainland China, Japan and the Philippines registered 

domestically, and more than 80% in Australia, India and South 

Korea. There were no offshore registered aircraft in Oceania. 

Australia had more locally registered (VH-) aircraft and New 

Zealand had a higher proportion of United States (N) registered 

Rolls-Royce remained the most popular engine OEM in Asia-Pacific, 

with a 33.7% market share. Its best-selling BR700 powered 304 

Long Range Jets at the end of 2023. Pratt & Whitney (P&W) was 

the most popular OEM in Australia and ranked second in the region. 

Its engines were installed on 80 Light Jets and 90 Medium Jets in 

Asia-Pacific. Honeywell’s TFE was the second most popular engine 

model in Asia-Pacific with 274 engines installed on 132 jets. 



281 

272 

20 

23 

76 

81 

19 18 

PAKISTAN 

144 151 

INDIA 

66 

74 

2 5 

LAOS 

39 41 

THAILAND 

49 45 

MAINLAND 

CHINA 

10 

8 

VIETNAM 

64 

54 

HONG KONG 

SAR 

SOUTH KOREA 

27 27 

TAIWAN 

54 48 

JAPAN 

SINGAPORE 

MALAYSIA 

PHILIPPINES 

52 

56 

INDONESIA 

1,152 

1,154 

212 

213 

10 

11 

OTHERS 3 

-3.7% 

2022 1 

0.2% 


AUSTRALIA 

NOTES: 

1. 2022 data is based on Asian Sky Group’s adjusted and updated numbers. 

2. Fleet distribution is based on business jets in service and their active bases of operation. 

3. Others include Bangladesh, Brunei, Cambodia, Cook Islands, Macau, New Caledonia, Papua New Guinea, Solomon Islands. 

4. Region is defined in appendix on page 48. 

27 

27 

NEW ZEALAND 



There were 1,154 business jets in operation in the region 

at the end of 2023. Mainland China had the highest market 

share, even after three consecutive years of net declines 

since 2020, and its decrease rate of 3.2% was lower than 

that of 14.3% in 2022. The Australia and India based fleets 

continued to increase for two consecutive years, ranking 

second and third among Asia-Pacific countries. Japan’s 

fleet grew by nearly 40.0% compared to 2020. Singapore’s 

fleet had the highest net growth, with a net addition of eight 

aircraft. Hong Kong SAR had the largest net deduction with 

five Long Range jets sold out of Asia-Pacific. 

The subregion with the highest net growth was East Asia, 

with eight net additions and a growth rate of 8.3%. East 

Asia has had the largest growth rate over the past three 

years, although it remains the lowest subregion in terms of 

numbers. Japan and South Korea ranked in the top five for 

net additions in 2023. South Asia’s net growth continued 

with seven net additions and a growth rate of 4.3%. India had 

the third largest fleet in Asia-Pacific behind mainland China 

and Australia. Pakistan and Bangladesh had a total of 20 

business jets in 2023. Overall, the South Asia fleet ranked 

fourth in Asia-Pacific. 

Southeast Asia saw the third highest growth in 2023 in terms 

of net additions. Singapore, Indonesia and Laos all had net 

additions in their fleets, but there were 12 deductions from 

Malaysia’s fleet. Seven jets left the Philippines’ fleet, resulting 

in a net deduction of six jets. Southeast Asia had a total net 

addition of five jets during 2023, with the number of based 

jets totaled 282 at the end of 2023, ranking second. 

Oceania was one of the subregions with the largest net 

additions in 2022. There were seven new additions, 15 preowned 

additions and 21 deductions during 2023. The region 

had a total of 244 based business jets and kept its third 

place in the Asia-Pacific region. Greater China still ranked 

top in the Asia-Pacific region despite three consecutive 

years of declining fleet numbers. There were 19 net 

deductions in 2023, much lower than the 83 net deductions 

in the previous year. Mainland China and Hong Kong SAR 

had the highest deductions in the region. The Greater China 

region had a total of 353 aircraft and retained the No.1 

subregion in Asia Pacific. 

The effect of the reopening of international borders was 

finally evident in 2023, as the number of aircraft leaving 

the region began to slow. This trend was most evident in 

the mainland China, which eased its strict restrictions on 

international travel at the end of 2022. Although its total 

number of business jets still declined, the net deduction 

dropped from 47 in 2022 to nine during 2023. A significant 

drop in net deductions was also seen in Hong Kong SAR, 

which slowed from 26 in 2022 to ten in 2023. 

LARGEST MARKET 

272 

MAINLAND CHINA 

BUSINESS JET FLEET 

MOST NET FLEET 

ADDITIONS 

+8 

SINGAPORE 

FLEET GROWTH IN MAJOR MARKETS 

Net Fleet Growth 

Growth Rate 

SUBREGION 2022 2023 2022 2023 

East Asia +10 +8 11.6% 8.3% 

South Asia +10 +7 6.5% 4.3% 

Southeast Asia +9 +5 3.4% 1.8% 

Oceania +10 +1 4.3% 0.4% 

Greater China -83 -19 -18.2% -5.1% 

TOTAL -44 +2 -3.7% 0.2% 

Net Fleet Growth 

MOST NET FLEET 

DEDUCTIONS 

-10 

HONG KONG SAR 

Growth Rate 

COUNTRY/REGION 2022 2023 2022 2023 

Singapore -1 +8 -1.5% 12.1% 

India +12 +7 9.1% 4.9% 

Japan +9 +5 13.4% 6.6% 

Indonesia +5 +4 10.6% 7.7% 

South Korea +1 +3 5.3% 15.0% 

Laos - +3 - 150.0% 

Thailand +1 +2 2.6% 5.1% 

Australia +12 +1 6.0% 0.5% 

Taiwan -1 - -3.6% - 

New Zealand +1 - 3.8% - 

Pakistan -1 -1 -5.0% -5.3% 

Vietnam +2 -2 25.0% -20.0% 

Malaysia +1 -4 2.1% -8.2% 

Philippines +5 -6 10.2% -11.1% 

Mainland China -47 -9 -14.3% -3.2% 

Hong Kong SAR -26 -10 -28.9% -15.6% 

Others -17 +1 -63.0% 10.0% 

TOTAL -44 +2 -3.7% 0.2% 



MAJOR COUNTRY/REGION SNAPSHOTS 

Mainland China 

Mainland China had a total of 272 business jets at the end of 2023, 

accounting for 23.6% of the Asia-Pacific region. The country saw 

nine net deductions during the year due to four newly delivered Long 

Range Jets, 11 pre-owned additions, and 24 deductions. Long Range 

(ten) was the category that saw the highest number of net deductions 

in the country, followed by Large (six) and Corporate Airliner (five). 

Despite the sharp decline in the Long Range Jet fleet, it remained 

the most popular size category in mainland China, with 123 aircraft 

accounting for 45.2% of the fleet. The G650ER (32) from Gulfstream 

was the most popular Long Range model, while the G550 and Global 

6000 were also well represented, with 31 and 19 aircraft in service, 

respectively. Gulfstream and Bombardier were the dominant OEMs in 

the country, with 139 and 104 aircraft in operation (35.7% and 26.8% 

of market share, respectively). Six of the top ten Asia-Pacific operators 

had a base in mainland China. The average age of mainland China’s 

fleet was ten years, which was three years younger than the regional 

average, and the region also had the largest fleet of business jets less 

than ten years old. 

Hong Kong 

Hong Kong saw the most net deductions, with 54 business jets operating 

at the end of 2023, ten aircraft fewer than the previous year. Of the 15 

pre-owned deductions from Hong Kong fleet, nine were Long Range 

Jets (one Falcon 8X, five Bombardier Globals, three Gulfstream G650/ 

ERs). Similar to mainland China, Long Range was the most popular 

size category in Hong Kong with 19 out of 46 Long Range Jets were 

G650ERs. Hong Kong had a fleet with average age of 7.6 years, which is 

five years younger than the Asia-Pacific average, given that 81.5% of the 

Hong Kong fleet were less than ten years old. 

Australia 

Australia, which had the second largest fleet in the Asia-Pacific 

region, operating 213 business jets at the end of 2023. Australia 

had a preference for Light and Very Light jets, with a market share 

of 40.9% and 21.1%, respectively (87 and 45 jets in operation). 

There were three net Very Light Jet additions and one net Light Jet 

addition in 2023. The Long Range, Large, Medium and Corporate 

Airliner categories had a combined market share of 38.0% with only 

one net deduction in 2023. Textron and Bombardier dominated 

the Australian business jet market with a combined market share 

of 76.1%, with the Citation Mustang, and LearJet 35A being their 

most popular models. The Bombardier Challenger 604 was the 

most preferred Large Jet with 16 jets in operation. Australia had the 

largest fleet older than 20 years, with the average age being 18.5 

years - which was five years older than the regional average. 

India 

At the end of 2023, India had the largest fleet in the South Asia 

subregion and ranked third overall in Asia-Pacific region 151 

business jets, accounting for 13.1% of the total Asia-Pacific fleet. 

In 2023, the country saw a net addition of seven aircraft with one 

new delivery, 12 pre-owned additions and six deductions. There 

were three net Long Range Jet additions as two Globals and two 

Gulfstreams joined the fleet. Medium Jets and Large Jets each 

accounted for one quarter of the Indian fleet. Textron was the most 

popular OEM in India with its Medium Jets (Citation Excel, Hawker 

800XP/900XP). Bombardier, which had 25.2% market share, followed 

with its Long Range Global 6000. Embraer and Dassault, with their 

most popular Large Jets (Legacy 650, Legacy 600 and Falcon 2000) 

accounted for 28.5% of the national fleet. Two Indian operators were 



in the top 20 largest operators in Asia-Pacific: VRS Ventures and Club 

One Air. Overall, the Indian fleet had an average age of 13.8 years, 

slightly higher than the Asia-Pacific average age of 13.0 years, with 

the country having the largest fleet of aircraft aged between 16 and 

20 years. 

Japan 

With three years of consecutive growth, Japan’s fleet increased from 

58 in 2020 to 81 in 2023. Japan ranked fourth in Asia-Pacific after 

its fleet surpassed Singapore in 2022. Light Jets made up 45.7% 

of the national fleet, which included six Light Jets that were added 

to the fleet in 2023 (two HondaJets, three HondaJet ELITEs and 

one Citation CJ4). The total number of Long Range Jets remained 

unchanged and held the second-largest market share in Japan with 

24.7%. After Phenix Jet sold an ACJ318 during 2023, there was 

only one Corporate Airliner left in the country. Textron and Honda 

were the most popular OEMs in Japan, as their Citation CJ4 and 

HondaJet/ELITE were the most popular models. Gulfstream’s G550 

and Bombardier’s Global 7500 were the top models among the Long 

Range Jets. Forty four percent of Japanese jets were less than five 

years old. Overall, 66.7% of the national fleet was younger than ten 

years, with the average age of the fleet being 9.2 years - nearly four 

years younger than the regional average. 

Singapore 

As the country that saw the highest fleet growth in 2023, Singapore 

had a total of 74 business jets at the end of 2023, ranking fifth 

among Asia-Pacific countries. During 2023, there were three net 

additions of Long Range Jets and four net additions of Light Jets. 

Long Range Jets were the dominant size category in Singapore, 

making up 44.6% of the total fleet. Gulfstream and Bombardier 

were the top two OEMs, with a combined market share of 66.2%, 

with a total of nine G650/ERs, seven G550s, five Global 5000s 

at the end of 2023. Singapore had two operators in the top 20 

biggest operators in Asia-Pacific, with the two operators sharing a 

combined 37.8% of the total Singapore fleet. Overall, Singapore’s 

fleet had an average age of 12.1 years, a touch younger than the 

Asia-Pacific average age of 13.0 years. 

The Philippines 

The Philippines had a total of 48 business jets at the end of 2023, a 

decrease of six aircraft when compared to the end of 2022. Only one 

Phenom 100EV was newly delivered, whilst seven aircraft left the 

fleet. Gulfstream, Textron and Bombardier were the leading OEMs 

in the country, accounting for 87.5% of the fleet. Among the most 

popular models were Gulfstream’s G650ER, G150, G450 and Textron’s 

CJ4, and Citation Excel. These OEMs’ Light Jets and Medium Jets 

accounted for 52.1% of the fleet, while Large Jets and Long Range 

Jets accounted for 18.8% and 14.6%, respectively. The business jet 

fleet in the Philippines had an average age of 15.2 years, which was 

two years older than the regional average. 

Indonesia 

Indonesia’s national fleet had a net addition of four aircraft as 

a result of two new deliveries, seven pre-owned additions and 

five deductions. It overtook the sixth position in Asia-Pacific 

counties from the Philippines. Textron, Embraer, Bombardier and 

Gulfstream had similar market shares in the country, ranging from 

19.7% to 26.8%. The top models in Indonesia were the Embraer 

Legacy 600 (Large) and the Bombardier Global 5000 (Long Range), 

with the Large Jet and Long Range Jet categories accounting 

for 30.4% and 23.2% of the total fleet, respectively. During 2023, 



one 2023-build Citation M2 Gen2 was added to the Indonesian 

fleet, making it the only Very Light business jet in the country. 

The average age of business jet fleet in Indonesia was 13.0 years, 

which was identical to the regional average age. 

Malaysia 

A total of 45 business jets were operating in Malaysia at the end 

of 2023, representing 3.9% of the Asia-Pacific fleet. This was four 

fewer than the previous year, which equates to an 8.2% decrease. 

The Malaysian fleet saw four Corporate Airliners leaving the country, 

as well as two Large Jets, three Light Jets and three Long Range 

whilst two new deliveries and six pre-owned additions joined the fleet. 

Long Range Jets were the most popular size category in the country, 

accounting for 40.0% of the fleet, with Bombardier’s Global 5000 and 

Gulfstream’s G650ER among the most popular models in the category 

with five each. After three ACJs and one Boeing BBJ left the fleet, 

Malaysia had four Corporate Airliners in its fleet, two from Airbus and 

two from Boeing. Malaysia-based business jets had an average age of 

14.9 years. Given that nearly one quarter of the fleet was over 20 years 

old, this was almost two years older than the regional average. 

Thailand 

Thailand ended 2023 with 41 business jets, which continued its 

run of three consecutive years of net growth. There were three preowned 

additions: one HondaJet Elite, one G550 and one G650ER, 

whilst one HondaJet left the fleet, resulting in two net additions 

during the year. Gulfstream was the leading OEM in Thailand with 

a market share of 31.7%, Textron was second with nine aircraft 

(22.0%) in operation. Long Range Jets were the most popular size 

category in Thailand, accounting for 36.6% of the fleet, which was 

followed by Corporate Airliners, Light and Medium jets, each with 

seven aircraft in operation, accounting for 17.1% of the market 

share, respectively. The average age of business jets in Thailand 

was 12.8 years, sightly younger than the Asia-Pacific average. 

New Zealand 

New Zealand had 27 business jets in its fleet at the end of 2023, as 

a result of three pre-owned additions and three deductions from its 

fleet. The Citation Mustang remained the most popular model in 

New Zealand with four in operation. Textron was the top OEM with 

37.0% of the fleet, Bombardier was the second largest OEM with three 

Challengers, three Globals and one Learjet. Similar to Australia, the 

Light Jet was the most popular size category in New Zealand, with 

four out of seven Light Jets manufactured by Textron models. There 

were also five Textron Very Light Jets based in New Zealand. About 

one third of the New Zealand fleet were aged between 11 and 15 years 

old, whilst the overall fleet had an average age of 15.4 years, more than 

two years older than the region’s average. 

South Korea 

South Korea saw one BBJ MAX 8, one Gulfstream G650ER and one 

Praetor 600 newly delivered during 2023, for a net addition of three 

aircraft. Textron was the top OEM in South Korea with its most popular 

model being the Citation CJ1/M2 (Very Light). Boeing and Gulfstream 

were the second largest OEMs, with the BBJ1 and G650ER being the 

most popular models among Corporate Airliners and Long Range Jets. 

The top three OEMs occupied 73.9% of the South Korean business jet 

market. South Korea had a fleet with an average age of 11.0 years, two 

years younger than the regional average. 

Vietnam 

Vietnam’s fleet, consisting of one Large Jet and seven Long Range 

Jets, saw two net deductions during 2023. Dassault was the leading 

OEM in the country with four Falcon 8Xs in operation, Gulfstream 

with three G650ER coming in second. Embraer’s market share in the 

country declined to just 12.5%, and it now only has one Legacy 600 in 

operation in the country. The average age of the fleet in Vietnam was 

3.5 years, the youngest among all Asia-Pacific countries, as seven out 

of eight aircraft were less than five years old. 



TOTAL FLEET BY COUNTRY/REGION AND OEM 

1,154 in Total 

BOMBARDIER 

TEXTRON 

GULFSTREAM 

DASSAULT 

EMBRAER 

AIRBUS 

BOEING 

OTHERS 

TOTAL 

% OF TOTAL 

MAINLAND CHINA 73 45 97 22 8 19 6 2 272 24% 

272 

AUSTRALIA 74 88 8 9 14 3 17 213 18% 

213 

INDIA 38 55 12 17 26 1 1 1 151 13% 

151 

JAPAN 9 32 14 7 1 18 81 7% 

SINGAPORE 21 11 28 4 5 2 1 2 74 6% 

INDONESIA 12 15 11 14 3 1 56 5% 

HONG KONG SAR 19 1 32 2 54 5% 

PHILIPPINES 10 15 17 2 1 2 1 48 4% 

MALAYSIA 14 6 15 4 2 2 2 45 4% 

THAILAND 3 9 13 2 2 4 3 5 41 4% 

TAIWAN 12 1 10 1 1 2 27 2% 

NEW ZEALAND 7 10 1 5 1 3 27 2% 

SOUTH KOREA 2 7 5 1 1 1 5 1 23 2% 

PAKISTAN 10 6 1 1 18 2% 

VIETNAM 3 4 1 8 1% 

LAOS 3 1 1 5

MARKET TRENDS 

MARKET TRENDS 

BUSINESS JET ADDITIONS & DEDUCTIONS 

63 -89 

1,152 

28 

1,154 

HISTORICAL MOVEMENTS 

131134 

2021 

2022 


36 

32 

28 

69 

58 

63 

89 

11 

35 

27 

2022 Fleet New Pre-Owned Deductions 2023 Fleet 

Deliveries Additions 

New Deliveries 

Pre-owned 

Additions 

Deductions 

Intra-Asia-Pacific 

Movements 

At the end of 2023, there were 1,154 business jets in operation in the Asia-Pacific region, a net addition of two 

jets, with 28 new deliveries, 63 pre-owned additions and 89 deductions. The downward trend in the Asia-Pacific 

fleet began to ease in 2023, as reflected by the significantly lower number of deductions, and more pre-owned 

aircraft joining the fleet when compared to 2022. 

The number of newly delivered business jets arriving in the Asia- 

Pacific region fell again in 2023, with the 28 total new deliveries 

being 12.5% fewer than in 2022. This decline in deliveries was 

partly offset with the addition of 63 pre-owned aircraft joining 

the fleet, which was five more than in 2022. Deductions from 

Asia-Pacific finally dropped to pre-COVID levels, with 57 aircraft 

sold out of the region and 32 retired or stored. This trend 

reversal suggests that the Asia-Pacific business jet market is 

rebounding from the COVID-19 downturn. 

TOP MODELS IN 2023 


8 

8 

6 

G650ER 

7 6 6 

Global 

7500 

6 

2 

Global 

6500 

2 

2 

2 2 

2 

0 0 0 0 0 

Citation 525 

(M2/CJ1/+) 

G280 

2021 

2022 


Phenom 

300E 

The Bombardier Global 7500 and Gulfstream G650ER topped 

the charts as the business jets with the most deliveries into the 

region in 2023, with six examples of each arriving during the 

year. There were 15 new Long Range Jet deliveries during 2023, 

including four to mainland China and three to Australia. 

The total value of all newly delivered business jets into Asia- 

Pacific during 2023 totaled USD 1,335.9 million. Bombardier 

regained its position as the leading OEM delivering new jets to 

the region with eight new deliveries worth USD 581.3 million, 

accounting for 43.5% of the market, including six Global 

7500s and two Global 6500s. Gulfstream delivered eight new 

aircraft in 2023, with a total market value of USD 466.4 million, 

almost USD 100 million less than in 2022. In addition to the six 

G650ERs delivered to the region, two new G280s were delivered 

to the Asia-Pacific region. Textron and Embraer each delivered 

four new business jets in 2023, which had a total market value 

Pre-owned Additions 

2 

3 

G550 

12 

Deductions 

13 

8 

Global 

6000 

9 

8 

8 

4 6 

Global 

6000 

13 

8 

3 

8 

5 

G650ER 

12 

10 

8 

0 

1 

4 

G100 

/G150 

16 

14 

6 

1 

3 

Citation 525 

(M2/CJ1/+) 

1 

0 

G650 

G650ER G450 G550 ACJ Falcon 

319/neo 7X 

6 

0 

1 

4 

5 

9 

3 

4 


MARKET TRENDS 

BUSINESS JET MOVEMENTS 1,2 

FOR MORE INFORMATION ON JET MOVEMENTS, PLEASE REFER TO THE OEM OVERVIEW. 

NET CHANGE IN 2023 

- 

8 

- 

2 

3 

3 

1 

1 

1 

8 

4 

4 

FLEET SIZE (UNITS) AIRCRAFT VALUE (USD M) NET CHANGE IN 2023 (USD M) 

GULFSTREAM 

$466.4 

$97.6 

1 

1 

1 

1 


BOMBARDIER 

TEXTRON 

EMBRAER 

DASSAULT 

PILATUS 

BOEING 

HONDA 

4 28 TOTAL 

$1,335.9 $157.0 

$53.5 

$43.1 

$12.2 

$5.6 

$63.8 

$110.0 

$581.3 

$19.3 

$55.5 

$38.9 

$152.8 

$11.0 

$110.0 

$5.3 


12 

22 

- 

6 

3 

6 

1 

2 

1 

- 

- 

1 

15 

Pre-owned Additions 


GULFSTREAM 

$525.9 $223.9 

7 

5 

4 

3 

3 

1 

1 

1 

1 

TEXTRON 

BOMBARDIER 

HONDA 

EMBRAER 

DASSAULT 

PILATUS 

NEXTANT 

AIRBUS 

ECLIPSE 

CIRRUS 

5 63 TOTAL 

$938.6 $70.5 

$17.4 

$2.4 

$1.0 

$2.6 

$53.1 

$44.9 

$36.4 

$55.0 

$96.1 

$103.9 

$5.3 

$55.8 

$8.9 

$63.8 

$49.7 

$22.1 

$2.4 

$1.3 

$1.0 

$2.6 


23 

23 

16 

1 

6 

3 

3 

2 

3 

1 

1 

- 

21 

17 

Deductions 


GULFSTREAM 

$528.5 $830.6 

BOMBARDIER 

$278.3 

$181.8 

9 

5 

4 

4 

3 

1 

1 

1 

TEXTRON 

DASSAULT 

AIRBUS 

BOEING 

EMBRAER 

NOTE : 

1. OEMs with no new deliveries, pre-owned additions or deductions in 2023 have been excluded from the above charts. 

2. Aircraft values were based on the aircraft’s year of manufacture, with assumptions of standard equipment, configuration and average yearly utilization. 

IAI 

DORNIER 

BRITISH AEROSPACE 

ECLIPSE 

45 89 TOTAL 

$1,353.2 $1,433.9 

$0.8 

$3.6 

$3.0 

$1.0 

$59.0 

$67.3 

$56.3 

$198.5 

$157.1 

$34.4 

$154.9 

$64.1 

$267.5 

$32.4 

$0.8 

$3.6 

$3.0 

$0.1 


MARKET TRENDS 

of USD 96.6 million. Boeing (BBJ MAX 8), Dassault (Falcon 8X), 

Pilatus and Honda each delivered one aircraft to Asia-Pacific. 

The Gulfstream G550, one of the most popular models in Asia- 

Pacific, saw the most number of pre-owned additions in 2023 (12). 

Bombardier’s Global 6000 came in second with six aircraft, followed 

by 2022’s best-selling model - the G650ER. There were a total of 

36 Long Range Jets sold to Asia-Pacific or between Asia-Pacific 

countries, whilst the number of Corporate Airliners and Large Jets 

both declined significantly. Corporate Airliners dropped from eight 

in 2022 to three, and Large Jets dropped from 20 to ten. 

Pre-owned aircraft additions to the Asia-Pacific fleet contributed a 

total aircraft value of USD 938.6 million. Gulfstream had 12 more 

pre-owned transactions during 2023 over 2022, with its aircraft value 

increasing 73.1% year-over-year, accounting for more than half of 

the total market at USD 525.9 million. There were the same number 

of Textron pre-owned transactions as in 2022, with 15 jets valued 

at USD 53.1 million. The second largest OEM by market value was 

Dassault with one 7X and two 8Xs being sold into Asia-Pacific with a 

total value of USD 103.9 million. 

The number of aircraft that left the Asia-Pacific fleet deceased 

by 33.6% compared to 2022, which included 57 out of 88 aircraft 

that were sold out of the region. Long Range Jets saw the most 

deductions in 2023, with 43 aircraft either sold between Asia- 

Pacific countries or leaving the region - the Global 6000 and 

G650ER accounting for 39.5%. The number of Corporate Airliners 

that left the region increased from five in 2021 to 18 during 2023. 

The total market value of aircraft which that left the Asia-Pacific 

region decreased from USD 2,787.1 million in 2022 to USD 1,353.2 

million in 2023, while the number of aircraft that left dropped from 

134 to 89. The number of Gulfstream aircraft leaving the region 

halved from 46 to 23 when compared to 2022. The Gulfstream 

fleet that left Asia-Pacific was valued at USD 528.5 million, 

representing 39.5% of the total market value of aircraft which left 

the region. Bombardier had the second largest number of aircraft 

withdrawals from the Asia-Pacific fleet, with 21 aircraft leaving 

the region valued at USD 278.3 million. 


BUILDING ON EXCELLENCE 

YOU ASKED FOR MORE – WE DELIVERED. 

CORPORATECARE ® ENHANCED 

Building on excellence. Rolls-Royce. 

Rolls-Royce.com/enhanced 


SPONSORED CONTENT 

CORPORATECARE ENHANCED: 

KEEPING BUSINESS JETS FLYING 

By Alud Davies 

Buying a business jet is not an 

easy task. First you have to decide 

what aircraft type best suits your 

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specific aircraft that you want. 

From there you need to negotiate 

the price, arrange to have the 

aircraft inspected, then deal with 

the dreaded legal part of agreeing 

to the contract. After this arduous 

task you then need to register the 

aircraft (or possibly decide which 

register to place your aircraft 

on), then work out who’s going to 

operate and mange the aircraft for 

you. And of course, arrange for the 

aircraft to be insured. 

All of which takes a lot of time and effort. It’s also why choosing 

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to maximize the value of your aircraft, whilst you own it, as well as 

when it comes time to sell it. 

One of the first things that a good broker will insist is that you enroll 

your aircraft on an airframe / engine maintenance program. 

One of the biggest, in terms of market share in the engines that they 

cover, is Rolls-Royce’s CorporateCare Enhanced, which covers engines 

on many of the world’s large and long-range jets. 

CorporateCare aims to fill the gap between what’s covered by the 

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all scheduled and unscheduled maintenance plus all labor. It also 

covers all erosion and corrosion which warranties typically don’t. 

With its coverage it goes way beyond a typical insurance program, 

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hourly cost of the program can be built directly into the aircraft / 

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With some 2,500 customers already signed up, CorporateCare 

covers roughly around 72% of the aircraft that have Rolls-Royce 

engines installed. However, in January 2019 the company 

introduced CorporateCare Enhanced, which covers the full 

powerplant and additional line maintenance items. 

The company says that the most important aspect of the program 

is aircraft availability, and that it averaged 99.2% of averted trips 

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The operation is managed from a 24/7 business aviation aircraft 

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RR been extremely successful 

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industry best in service and 

aircraft availability,” 

is needed. Given the large number of airports business aviation 

customers can fly to, this can happen in very remote places, and the 

CorporateCare team has recently completed engine changes in the 

Maldives, Hawaii and Alaska. The Alaska engine change was notable 

as Rolls-Royce needed to charter a Lockheed C-130 Hercules to be 

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mobile craneto the aircraft - they turned Masset airport into a fully 

equipped service station. This the company says, was all covered 

under CorporateCare Enhanced agreement. 

With the advent of newer generation engines, Rolls-Royce has been able 

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they now have an engine vibration health monitoring unit built into them. 

This allows Rolls-Royce to monitor more than 10,000 engine parameters, 

allowing the company to have algorithms that calculate if a part of the 

engine is slow to respond. This, the company says, is an early indication 

that the part might soon fail, which allows Rolls-Royce to fix the issue 

before it potentially becomes an AOG situation. 

Whilst having engine maintenance cover is one side of the benefits 

of having a program like CorporateCare in place, the other side is 

that it also has a positive effect on the residual value of an aircraft, 

which is especially important when it comes time to sell it. 

Having a program in place gives potential buyers comfort that the 

aircraft and its engines have been well looked after, and maintained 

to the highest standard, meaning that going forward, if they were to 

acquire the aircraft, then it’s less likely that there will be issues. 

Overall, enrolling your aircraft engines on a care program is a vital 

step to protecting their value, as well as maintaining their upkeep 

through regular predictable payments. Afterall, an aircraft engine 

is a very intricate piece of equipment, and you want to be sure it’s 

protected should any unexpected circumstances arise. 

Rolls-Royce.com/Enhanced 

says Andy Robinson, Rolls-Royce SVP Customers & Services, 

Business Aviation. 

Although the majority of issues can be fixed quickly and swiftly by 

a highly trained engineer, there are times where an engine change 



OPERATOR OVERVIEW 

At the end of 2023, the top 20 business jet operators in Asia- 

Pacific had a combined fleet of 344 business jets, accounting for 

29.8% of the total fleet in the region. Among the top 20, 95.0% of 

operators made the list in 2022, while Australian operator Global Jet 

International was added to the list by adding six aircraft to its fleet. 

Among the top 20 operators, ten saw a net increase in fleet sizes, 

whilst eight decreased. Aside from Global Jet International, all other 

operators had a net increase of fewer than five aircraft. 

TOP 20 OPERATORS BY FLEET 1,2 

RANK CHANGE 2023 VS 2022 

- 

2 

2 

2 

SINO JET 

TAG AVIATION 

JET AVIATION 

DEER JET 

41 (+1) 

33 (+3) 

31 (+2) 

30 (-2) 

Sino Jet remained the largest operator in the Asia-Pacific region with 

3 

BAA 

28 (-4) 

41 business jets, having added three Gulfstream G650/G650ERs 

to its fleet in 2023 for a net addition of one aircraft. TAG Aviation 

and Jet Aviation ranked second and third with three and two net 

additions during the year. The top three operators accounted for 

- 

- 

2 

ACAM 

LILY JET 

AMBER AVIATION 

22 (-1) 

20 

17 (+2) 

30.5% of the top 20 fleet. Deer Jet and BAA had 30 and 28 business 

jets in operation respectively at the end of 2023, with two and four 

net deductions, dropping them out of the top three operators. At the 

- 

2 

PHENIX JET 

EXECUJET 

15 (-1) 

14 (-3) 

TOP 10 OPERATORS 

end of 2023, Deer Jet still had the largest share of Corporate Airliners 

- 

CLUB ONE AIR 

12 

(two ACJ319s, one ACJ320, one BBJ2) in the top 20 operators. 

3 

AIR LINK 

10 (+2) 

Asian Corporate Aviation Management (ACAM) had a net decrease 

of one aircraft in 2023, with the one Hawker 900XP leaving its fleet 

offset by the addition of one Legacy 600 and one G650ER. 

NEW 

1 

5 

GLOBAL JET 

INTERNATIONAL 

AUSTRALIAN CORPORATE 

JET CENTRES 

NAVAIR FLIGHT 

OPERATIONS 

10 (+6) 

10 (-2) 

9 (+2) 

Lily Jet’s fleet stayed at 20 aircraft in 2023, maintaining its position 

4 

METROJET 

9 (-3) 

as the seventh largest operator. Amber Aviation, which added a 

G450 and a Global 7500 to its fleet, moved up two places to eighth 

in the operator rankings. 

- 

2 

2 

PREMIAIR 

SELETAR JET 

RELIANCE COM. DEALERS 

9 (+1) 

8 (+1) 

8 (+1) 

TOP 20 

OPERATORS = 

30% OF 

TOTAL FLEET 

ExecuJet experienced a net reduction of three aircraft during 2023 

(-17.6%). Three Long Range Jets and one Large Jet left its Asia- 

Pacific fleet, with its ranking dropping from eighth to tenth. 

4 

3 

VSR VENTURES 

BRILLIANT JET 

8 (-2) 

NOTE: 

1. Special mission and government operators are not included. 

2. Operators under the same corporate group and using the same brand name are 

grouped together. 

8 



FLEET BY OPERATOR AND MODEL 

Sino Jet 

MAINLAND CHINA | HONG KONG SAR 

NET GROWTH 

1 2.5% 

45 

40 

41 

2021 

2022 


1 1 1 

3 2 2 1 1 0 

5 4 4 4 

1 1 1 2 1 1 1 1 1 2 2 1 

4 3 

3 4 5 

1 0 0 

12 1315 2 2 1 1 

2 2 2 3 4 

1 2 

0 0 0 0 

TAG Aviation 

MAINLAND CHINA | HONG KONG SAR | 

INDONESIA | MALAYSIA | SINGAPORE 

NET GROWTH 

3 10.0% 

37 

30 

33 

2021 

2022 


ACJ319/neo 

ACJ330/neo 

BBJ MAX 8 

Falcon 2000 EX 

Falcon 8X 

G200 

G280 

G450 

G550 

G650 

G650ER 

Global 5000 

Global 6000 

Global 7500 

Global Express XRS 

Learjet 70/75 

ACJ318 

BBJ1 

Challenger 604 


Challenger 800/850 

Falcon 7X 

G280 

G450 

G550 

G600 

G650 

G650ER 

Global 5000 

Global 6000 

Global 7500 

ACJ319/neo 

BBJ1 


Falcon 7X 

Falcon 8X 

G200 

G280 

G450 

G550 

G650 

G650ER 

Global 5000 

Global 6000 

Global 6500 

Legacy 650 

Lineage 1000 

Lineage 1000E 

4 

3 3 3 

2 

2 

1 1 1 1 1 1 1 1 1 1 1 1 1 

1 1 1 1 1 

0 0 

0 0 0 0 0 0 

0 

8 

7 

6 

4 4 4 

10 

8 8 

2 2 2 

Jet Aviation 

MAINLAND CHINA | HONG KONG SAR | 

JAPAN | SINGAPORE 

NET GROWTH 

2 6.9% 

34 

29 

31 

2021 

2022 


8 

7 

6 

5 5 

4 

4 

3 

3 

3 

2 2 2 2 2 2 

2 2 2 2 2 2 

1 1 1 1 1 1 1 1 1 1 1 1 1 1 

1 1 

1 

1 

1 

0 0 

0 

2 

1 

0 0 

TOP OPERATORS IN EACH COUNTRY 

Australia had the second-largest fleet in the region, with five out of the top 

20 operators being Australia-based. Air Link and Global Jet International 

both increased their fleets by two and six jets respectively, and ended 2023 

with ten business jets each - enough to replace Australian Corporate Jet 

Center (ACJC) at first place. Navair Flight Operations (NFO) added two 

jets to its fleet for a total of nine at the end of 2023. ExecuJet was the only 

Australia-based operator to make the top ten, with 11 jets in 2023. 

Three Indian operators made the top 20 list with a total of 28 business 

jets under their operation. VSR Ventures and Reliance Com. Dealers 

each had eight aircraft in their fleets. Club One Air had a large share of 

Large Jets, with five of its 11 aircraft being Dassault Falcon 2000s. 

Phenix Jet was the largest operator in Japan, with 15 of its business 

jets - 80.0% of its total fleet - being based in the country. There was a 

net deduction of one BBJ 737 during 2022. Jet Aviation also had a base 

in Japan, with some 9.7% of its fleet based there. 

Singapore was home to four of the top 20 operators’ fleets. ACAM was 

the largest operator in the country, with 16 of its 22 aircraft based there. 

Jet Aviation had the largest Singapore-based fleet among the top five 

operators with 12 of its 31 business jets based there. TAG Aviation 

increased its Singapore fleet to three aircraft, Seletar Jet also had a net 

addition of one aircraft and ended 2023 with seven jets in operation. 



Deer Jet 


NET GROWTH 

2 6.3% 

37 

32 

30 

2021 

2022 


2 

2 

2 

1 1 1 

1 1 1 

0 0 0 

5 

5 

5 

1 

0 

0 

2 

2 

1 

7 

6 

5 

10 

9 

7 

0 

4 4 

2 2 

4 

6 

40 

32 

28 

2021 

2022 


1 

2 2 2 

1 1 

1 1 1 1 

0 

1 

8 

4 

4 

1 1 1 1 1 1 

4 

3 

1 

5 

5 

5 

8 

6 

5 

1 1 1 1 1 1 

4 

3 

3 

2 

2 2 

0 

ACAM 

INDONESIA | SINGAPORE NET GROWTH 1 4.3% 

3 

2 2 2 

2 

2 2 2 

2 2 2 2 

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 

1 1 1 1 1 1 1 1 1 1 1 1 1 

1 1 1 1 1 

0 

0 0 0 0 

0 0 

0 

0 0 

0 

17 

23 

22 

2021 

2022 


ACJ319/neo 

BBJ1 


Citation 680 (Sovereign/+) 

Falcon 7X 

G200 

G450 

G550 

G650 

G650ER 

Global 6000 

Global Express 


GV/GV-SP 

Hawker 800/XP 

Hawker 850XP 

Hawker 900XP 

Legacy 600 

Legacy 650 

Nextant 400XT/XTi 

ACJ319/neo 

ACJ320/neo 

BBJ2 


Falcon 7X 

G200 

G280 

G450 

G550 

G650 

G650ER 

BAA 


NET GROWTH 

4 12.5% 

ACJ318 

ACJ319/neo 

Challenger 300/350/3500 


Falcon 7X 

Falcon 8X 

Falcon 900 

G450 

G550 

G650 

G650ER 

Global 5000 

Global 6000 

Global 6500 

Two of the top 20 operators had a base in Indonesia. Premiair maintained its 

fleet size at eight with the deduction of two Legacy 650s and addition of one 

Phenom 300 and one Citation 525. ACAM reduced its Indonesian fleet by two 

and was surpassed by Travya as the second-largest operator in Indonesia. 

The largest operator in the Philippines was Asian Aerospace, which 

has kept its fleet size unchanged for two years with six business jets. 

Challenger Aero Air, ranked second in the country, operated five aircraft, 

including two Long Range Jets, two Medium Jets and one Large Jet. 

TAG Aviation and ExecuJet were the only top 20 operators that had a 

base in Malaysia, each with three business jets operating in the country 

at the end of 2023. Smooth Route was the top operator in Malaysia with 

four aircraft in its fleet. 

Korean Air was the dominant operator in South Korea, keeping its fleet 

of six aircraft (two BBJs, two Citation 525s, one G650ER, and one Global 

Express XRS). 

Among the top ten operators, ACAM had the oldest fleet with an average 

age of 11.5 years whilst Phenix Jet had the youngest fleet at 4.9 years. 

ACAM had the largest proportion of aircraft over 20 years old and 

Phenix Jet had the largest share of aircraft less than five years old. 

Seventy three percent of the fleet with the top ten operators was under 

ten years old, making the average age aircraft with the top ten operators 

younger than the regional average. 



Lily Jet 


NET GROWTH 

0 0.0% 

22 

20 

20 

2021 

2022 


1 

1 

1 

2 

2 

2 

8 

6 6 

4 

3 3 

2 

1 1 1 1 1 1 1 1 1 1 

1 1 1 1 1 1 1 1 1 1 1 

0 0 

0 0 

0 

Amber Aviation 

MAINLAND CHINA | HONG KONG SAR 

NET GROWTH 

2 13.3% 

14 

15 

17 

2021 

2022 


4 

5 

6 

1 1 1 1 

1 

1 1 1 

0 0 

0 0 

1 

0 

0 

0 

2 

2 

2 

2 

2 

1 

2 

2 

0 

0 

1 

1 1 1 1 1 1 

ACJ318 



Falcon 900 

G450 

G550 

G650ER 

Global 5000 

Global 6000 

Global 7500 


Learjet 60 XR 

Phenix Jet 

JAPAN | HONG KONG SAR 

NET GROWTH 

1 6.3% 

14 

16 

15 

2021 

2022 


1 

1 

1 

0 

1 

0 

1 

2 

1 

0 

0 

1 

2 

2 

2 

3 

3 

3 

3 

2 

1 

0 

0 

1 

3 

3 

4 

0 

1 

0 

1 1 1 

BBJ 

Boeing 737 

Citation 525C (CJ4) 

G600 

G650 

G650ER 

Global 6000 

Global 6500 

Global 7500 



ExecuJet 

AUSTRALIA | MALAYSIA 

NET GROWTH 

3 17.6% 

16 

17 

14 

2021 

2022 


2 2 2 2 

1 1 1 

1 1 

1 1 1 

1 1 1 

0 0 

0 0 0 0 

2 

2 

2 

3 

4 

3 3 3 

2 

1 

1 

1 1 

0 0 



Citation 650 (III/VI/VII) 


Falcon 7X 

G200 

G650 

Global 5000 

Global 6000 


Hawker 800/XP 

Hawker 900XP 

ACJ318 




CRJ100/200 

G280 

G650 

G650ER 

Global 5000 

Global 6000 

Global 7500 




AIRCRAFT REGISTRY OVERVIEW 



In total, 67.0% of the business jets operating in Asia-Pacific in 2023 were locally registered, while 16.0% were United 

States (N) registered and 15.7% were registered offshore. Asia-Pacific-based aircraft registered in mainland China, 

Australia and the United States made up 51.1% of the total fleet. 

FLEET BY REGISTRATION 

COUNTRY/REGION 


B- 

AUSTRALIA 

VH- 

UNITED STATES 

N 

238 

217 

204 

186 

195 

201 

214 

180 

185 

The number of aircraft registered in mainland China remained 

the most in the region, although the number of B- registered 

jets decreased by 7.3% from 217 to 204, representing 75.0% 

of all aircraft based in mainland China. All Medium Jets, Light 

Jets and Very Light Jets were registered locally, while there 

were two Corporate Airliners, four Large Jets and 14 Long 

Range Jets that were N registered, and 12 Corporate Airliners 

and 35 Long Range Chinese Jets that were registered offshore. 

As 11 of local registered Chinese jets left the region, there 

were three net additions to the offshore registered fleet. 

INDIA 

VT- 

125 

130 

142 

The fleet registered in Australia (VH-) was mainly operated 

locally, whilst 11 were based in Singapore. Overall, the number 

SAN MARINO 

T7- 

46 

55 

68 

of Australia registered jets continued to increase from 186 in 

2021 to 201 at the end of 2023. Similar to mainland China, most 

CAYMAN ISLANDS 

VP-C 

JAPAN 

JA 

83 

73 

68 

48 

55 

58 

of the lighter-sized jets were registered and operated locally, 

with eight out of the 28 Long Range Jets in Australia registered 

in the US or offshore. 

The number of Asia-Pacific operated business jets under United 

PHILIPPINES 

RP-C 

THAILAND 

HS- 

INDONESIA 

PK- 

40 

38 

36 

24 

24 

25 

27 

27 

23 

NEW ZEALAND 

ZK- 

13 

14 

15 

States registry had finally increased after five consecutive years 

of reductions, increasing from 180 in 2022 to 185 in 2023. US 

registered aircraft made up 16.0% of the Asia-Pacific business 

jet fleet. Among the US registered Asia-Pacific aircraft, 55.7% 

of were Long Range Jets, with Large Jets having the second 

highest market share at 13.5%. 

SOUTH KOREA 

HL 

PAKISTAN 

AP- 

18 

19 

21 

18 

19 

17 

BERMUDA 

VP-B/VQ-B 

MALAYSIA 

9M- 

16 

16 

13 

12 

13 

12 

India had the largest proportion of locally registered aircraft, with 

141 out of the 151 India based business jets registered locally. 

The other ten jets were registered in the US or offshore countries, 

including one Corporate Airliner and five Long Range Jets. 

ISLE OF MAN 

M- 

21 

15 

16 

OTHERS 

67 

62 

50 

Japan had Asia’s fourth-highest concentration of business jets. 

There were 81 business jets in the country, 71.6% of which were 

1,196 

1,152 

1,154 

2021 

2022 


registered locally. The US registration was popular among Long 

Range Jets based in Japan. 



REGISTRY COMPOSITION Offshore 1 

Local United States Others 2 

TOTAL 

FLEET 

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 


272 

74.6% 7.4% 

17.3% 

AUSTRALIA 

213 

89.2% 

10.3% 

INDIA 

151 

93.4% 

4.6% 

JAPAN 

81 

71.6% 

22.2% 

6.2% 

BASE COUNTRY/REGION 

SINGAPORE 

INDONESIA 

HONG KONG SAR 

PHILIPPINES 

MALAYSIA 

74 

56 

54 

48 

45 

32.4% 

39.3% 25.0% 

9.2% 20.4% 

75.0% 

24.5% 

46.8% 

48.6% 

70.4% 

33.9% 

14.6% 

24.5% 

18.0% 

10.4% 

4.2% 

THAILAND 

41 

61.0% 

22.0% 

14.6% 

TAIWAN 

27 

44.4% 

44.4% 11.2% 

NEW ZEALAND 

27 

55.6% 

44.4% 

SOUTH KOREA 

23 

91.4% 

4.3% 4.3% 

NOTE: 

1. Offshore Registrations include: Aruba, Bermuda, Cayman Islands, Guernsey, Isle of Man, Malta and San Marino. 

2. Others indicates any registration besides Local, US and Offshore. 

Hong Kong and Singapore had the largest share of offshore registered 

aircraft, with 70.4% of Hong Kong based jets and 48.6% of Singapore 

based jets registered offshore. The Cayman (VP-C) registry is the most 

popular for Hong Kong based jets, with 24 aircraft registered, followed 

by the US with 11 aircraft registered. A total of 93.5% Long Range Jets 

in Hong Kong were registered in the US or offshore. All of the business 

jets in Singapore are registered outside of the country, with 48.6% 

registered offshore, with 24 of their fleet being US registered. 

The number of US registered aircraft in Asia-Pacific decreased by 

five in 2023, with fewer deductions in the number of Large and Long 

Range jets, while the number of Light and Very Light jets increased. 

OFFSHORE REGISTRIES 

OFFSHORE REGISTRY MARKET SHARE 

By Country/Region 

By Size Category 

Aruba P4-, 8 (4.5%) 

Guernsey 2-, 3 (1.7%) 

Medium, 9 (5.1%) 

Light, 5 (2.8%) 

Malta 9H-, 2 (1.1%) 

Very Light, 1 (0.6%) 

Bermuda 

VP-B/VQ-B, 13 (7.3%) 

Isle of Man 

M-, 16 (9.0%) 

Cayman Islands 

VP-C, 68 (38.2%) 

178 

San Marino 

T7-, 68 (38.2%) 

Large, 23 (12.9%) 

Corp. Airliner, 25 (14.0%) 

178 

Long Range, 115 

(64.6%) 



OFFSHORE REGISTERED FLEET 

178 

2021 

168 

2022 

178 


By Country/Region 

By Size Category 

117109 115 

83 

73 

68 68 

55 

46 

LONG RANGE = 

65% OF TOTAL OFF- 

SHORE REGISTERED 

AIRCRAFT 

21 

15 16 16 16 

13 

4 4 8 4 3 3 4 2 2 

26 27 25 27 

21 23 

5 7 9 2 3 5 1 1 1 

Cayman Islands 

VP-C 

Isle of Man 

M- 

Bermuda 

VP-B/VQ-B 

Guernsey 

2- 

San Marino 

T7- 

Aruba 

P4- 

Malta 

9H- 

Long Range 

Corp. Airliner 

Large 

Medium 

Light 

Very Light 

Offshore registrations in the Asia-Pacific region returned to 178 

aircraft in 2023. San Marino (T7-) and Cayman Islands (VP-C) 

registered aircraft made up 76.4% of the Asia-Pacific offshore 

16 registrations. Mainland China had the largest M- fleet, three of 

which were operated by Sino Jet. Singapore had the second largest 

M- fleet with three of its four operated by Jet Aviation. 

registered fleet, with 68 aircraft registrations each. T7- registrations 

increased by 23.6% compared to 2022, with 12 net additions. The 

54.4% of the business jets registered in San Marino were Long Range 

Jets, with nine out of the 37 being Bombardier Global 5000s. 

The Bermuda registry (VP-B/VQ-B) saw one deduction in 2023, 

dropping it down to the fourth position in offshore countries. 

Singapore had the largest Bermuda-registered fleet, including two 

Corporate Airliners, three Long Range Jets and one Large Jet. 

Cayman registrations declined for the third year in a row, dropping 

from a peak of 91 registrations in 2020 to 68 registrations 2023. 

Of the 54 Long Range VP-C registred aircraft, 40 were based in 

Greater China, with the most popular model being the G650 with a 

total of 19 registrations. 

At the end of 2023, mainland China led the Asia-Pacific region 

with 47 offshore registrations, followed by Hong Kong SAR with 

38 registrations - up by three net additions from 2022. Singapore’s 

offshore registrations increased from 31 to 36, remaining in third 

place in 2023. 

The Isle of Man’s M- registration increased by one to replace 

Bermuda as the third most popular offshore registry, with a total of 



OEM OVERVIEWS 

AIRBUS 

NET GROWTH 

4 10.0% 

MOST POPULAR 

ACJ319/neo 

LARGEST FLEET 


AVG. AGE 

11.8 YEARS 

19 

4 3 2 2 

2 

2 1 1 


THAILAND 

AUSTRALIA 

SINGAPORE 

TAIWAN 

MALAYSIA 

PHILIPPINES 

SOUTH KOREA 

INDIA 

TOTAL 

A340-541 1 1 

ACJ318 5 1 1 7 

ACJ319/neo 12 1 3 1 1 1 1 1 21 

ACJ320/neo 1 2 1 4 

ACJ330/neo 1 1 1 3 

TOTAL 19 4 3 2 2 2 2 1 1 36 

Additions and Deductions 

-5 

Deductions +1 Pre-owned - New Delivery 

BY COUNTRY/ 

REGION 


Malaysia 

Singapore 

-3 

-1 1 BY MODEL ACJ318 

-2 

ACJ319/neo 

-3 

-1 

ACJ330/neo 

1 

NOTE: Excludes movements between countries in Asia-Pacific 


BOEING 

NET GROWTH 

3 10.0% 

MOST POPULAR 

BBJ1 

LARGEST FLEET 


AVG. AGE 


6 

5 

3 3 3 

2 

2 

1 1 1 


SOUTH KOREA 

THAILAND 

BRUNEI 

INDONESIA 

HONG KONG SAR 

MALAYSIA 

INDIA 

JAPAN 

SINGAPORE 

TOTAL 

BBJ1 4 3 1 3 1 1 1 1 15 

BBJ 787-8 1 1 2 

BBJ MAX 8 1 1 2 

BBJ2 2 1 1 4 

Boeing 737 1 1 

Boeing 747 1 1 

Boeing 767 1 1 2 

TOTAL 6 5 3 3 3 2 2 1 1 1 27 


-4 

Deductions - Pre-owned +1 New Delivery 

BY COUNTRY/ 

REGION 


Japan 

Malaysia 

Philippines 

South Korea 

-1 

-1 

-1 

-1 

1 

BY MODEL 

BBJ1 

BBJ MAX 8 

Boeing 737 

-2 

-2 

1 



OEM OVERVIEW 

BOMBARDIER 

NET GROWTH 

6 1.9% 

MOST POPULAR 

Global 6000 

LARGEST FLEET 

Australia 

AVG. AGE 


74 

73 

38 

21 19 

14 

12 

12 10 10 9 

7 3 3 2 

AUSTRALIA 


INDIA 

SINGAPORE 

HONG KONG SAR 

MALAYSIA 

TAIWAN 

INDONESIA 

PAKISTAN 

PHILIPPINES 

JAPAN 

NEW ZEALAND 

THAILAND 

LAOS 

SOUTH KOREA 

TOTAL 

Challenger 

300/350/3500 

3 2 1 6 

Challenger 600/601 1 2 1 1 5 

Challenger 604 16 2 1 1 1 1 1 1 2 2 28 

Challenger 605 3 3 1 3 2 1 3 16 

Challenger 650 1 1 1 3 

Challenger 800/850 6 1 2 9 

Challenger 870 12 12 

CRJ100/200 10 1 1 12 

Global 5000 3 4 4 4 5 2 5 1 1 29 

Global 6000 4 19 6 5 7 3 1 1 1 47 

Global 6500 1 5 3 2 11 

Global 7500 7 2 3 2 3 1 5 1 1 4 29 

Global Express 3 1 1 1 1 1 8 

Global Express XRS 7 3 3 1 1 1 1 1 1 1 1 1 22 

Learjet 24 1 1 

Learjet 31 3 1 1 3 8 

Learjet 35/36 23 5 1 1 30 

Learjet 40 XR 2 1 3 

Learjet 45 XR 2 5 2 2 11 

Learjet 60 XR 6 2 1 2 2 1 1 1 16 

Learjet 70/75 1 1 

TOTAL 74 73 38 21 19 14 12 12 10 10 9 7 3 3 2 307 



-21 

Deductions +7 Pre-owned +8 New Delivery 

BY COUNTRY/ 

REGION 

Australia 


Hong Kong SAR 

India 

Indonesia 

Japan 

Laos 

Malaysia 

New Zealand 

Singapore 

Taiwan 

-9 

-4 1 3 

1 

-1 1 

-1 2 1 

-1 

-2 2 

1 

1 

-1 

-1 1 

-1 1 

BY MODEL 





CRJ100/200 

Global 5000 

Global 6000 

Global 6500 

Global 7500 



Learjet 35/36 

Learjet 45 XR 

-1 1 

1 

-1 1 

-2 

-3 

-3 1 

-5 2 

2 

-2 

-2 

-1 

-1 1 

6 




OEM OVERVIEW 

NET GROWTH 

5 5.9% 

MOST POPULAR 


LARGEST FLEET 


AVG. AGE 


22 

17 

9 

7 

5 4 4 

4 

2 2 1 

1 1 1 


INDIA 

AUSTRALIA 

JAPAN 

NEW ZEALAND 

MALAYSIA 

VIETNAM 

SINGAPORE 

THAILAND 

PHILIPPINES 

PAPUA NEW GUINEA 

BANGLADESH 

TAIWAN 

SOUTH KOREA 

TOTAL 

Falcon 20 1 1 

Falcon 2000 10 10 

Falcon 2000 EX 1 5 3 7 1 2 1 1 1 22 

Falcon 50 1 2 1 4 

Falcon 7X 15 1 1 2 1 1 21 

Falcon 8X 4 1 1 4 1 1 12 

Falcon 900 2 1 4 1 1 1 10 

TOTAL 22 17 9 7 5 4 4 4 2 2 1 1 1 1 80 


-9 


BY COUNTRY/ 

REGION 

Bangladesh 


Hong Kong SAR 

India 

Malaysia 

New Zealand 

Vietnam 

1 

-3 1 

-1 

-2 

1 

-1 

-2 1 

BY MODEL 

Falcon 2000 


Falcon 7X 

Falcon 8X 

Falcon 900 

-4 

-1 

-2 

-1 

-1 

1 

2 

1 



OEM OVERVIEW 

EMBRAER 

NET GROWTH 

4 5.6% 

MOST POPULAR 

Legacy 600 

LARGEST FLEET 

India 

AVG. AGE 


26 

14 14 

8 

5 

2 2 1 1 1 1 1 

INDIA 

INDONESIA 

AUSTRALIA 


SINGAPORE 

MALAYSIA 

THAILAND 

VIETNAM 

TAIWAN 

SOUTH KOREA 

PHILIPPINES 

NEW ZEALAND 

TOTAL 

ERJ135 2 2 

ERJ145 2 1 3 

Legacy 500 1 1 2 

Legacy 600 7 6 1 3 2 1 20 

Legacy 650 10 3 5 1 19 

Lineage 1000 1 1 2 

Phenom 100 4 4 1 1 1 11 

Phenom 300 1 2 3 3 1 1 11 

Phenom 300E 3 1 4 

Praetor 500 1 1 

Praetor 600 1 1 

TOTAL 26 14 14 8 5 2 2 1 1 1 1 1 76 

Additions and Deductions -4 Deductions +4 Pre-owned +4 New Delivery 

BY COUNTRY/ 

REGION 

Australia 

India 

Indonesia 

Philippines 

Singapore 

South Korea 

Vietnam 

-1 

-1 1 

-1 1 

1 

1 

1 

-1 

2 

1 

BY MODEL 

ERJ145 

Legacy 600 

Legacy 650 

Lineage 1000 

Phenom 100 

Phenom 300 

Phenom 300E 

Praetor 500 

Praetor 600 

-2 

-1 

-1 

1 

1 

1 

1 

2 

2 



OEM OVERVIEW 

GULFSTREAM 

NET GROWTH 

7 2.7% 

MOST POPULAR 

G650ER 

LARGEST FLEET 


AVG. AGE 


97 

32 28 

17 

15 14 13 

12 11 10 8 

5 3 2 1 1 1 


HONG KONG SAR 

SINGAPORE 

PHILIPPINES 

MALAYSIA 

JAPAN 

THAILAND 

INDIA 

INDONESIA 

TAIWAN 

AUSTRALIA 

SOUTH KOREA 

VIETNAM 

CAMBODIA 

NEW ZEALAND 

LAOS 

PAKISTAN 

TOTAL 

G III 1 1 

G IV/GIV-SP/ 

G400 

2 1 1 1 1 6 

G100/G150 3 3 4 1 2 13 

G200 1 1 1 1 2 4 10 

G280 4 3 1 2 1 1 1 13 

G300/G350 1 1 

G450 21 1 5 3 4 1 35 

G500 1 1 

G550 31 7 7 2 3 4 3 2 2 3 2 1 1 1 1 70 

G600 1 1 1 3 

G650 7 4 3 1 3 3 1 1 23 

G650ER 32 19 6 4 5 3 4 1 2 3 3 3 3 1 89 

GV/GV-SP 1 2 1 1 5 

TOTAL 97 32 28 17 15 14 13 12 11 10 8 5 3 2 1 1 1 270 


BY COUNTRY/ 

REGION 

Australia 

Cambodia 


Hong Kong SAR 

India 

Indonesia 

Japan 

Laos 

Malaysia 

New Zealand 

Pakistan 

Philippines 

Singapore 

South Korea 

Taiwan 

Thailand 


-2 1 

-1 

BY MODEL 

G III 

G IV/GIV-SP/G400 

-1 1 

-1 

-6 3 3 

G100/G150 

4 

-6 3 

G200 

-3 1 

-1 3 

G280 

-1 1 2 

1 

G450 

-6 

-1 1 

G550 

-2 8 

1 

-1 2 2 

G600 

G650 

-1 

1 

2 3 

-1 

G650ER 

-7 

4 3 

-1 1 

GV/GV-SP 

-1 

-2 

-1 

1 

1 

6 

1 

-23 



OEM OVERVIEW 

TEXTRON 

NET GROWTH 

2 0.7% 

MOST POPULAR 

Citation 525 

(M2/CJ1/+) 

LARGEST FLEET 

Australia 

AVG. AGE 


88 

55 

45 

32 

15 15 

11 10 9 7 6 6 7 

AUSTRALIA 

INDIA 


JAPAN 

PHILIPPINES 

INDONESIA 

SINGAPORE 

NEW ZEALAND 

THAILAND 

SOUTH KOREA 

PAKISTAN 

MALAYSIA 

OTHERS* 

TOTAL 

Citation 500/501 (I/ISP) 5 5 

Citation 510 (Mustang) 19 1 2 1 4 1 28 

Citation 525 (M2/CJ1/+) 17 1 15 5 2 1 5 46 

Citation 525A (CJ2/CJ2+) 8 9 6 1 1 25 

Citation 525B (CJ3/CJ3+) 3 1 1 1 6 

Citation 525C (CJ4) 1 9 3 1 14 

Citation 550 (II/IISP/SII/Bravo) 13 5 5 2 3 1 1 1 2 33 

Citation 560 (Encore/+) 2 2 4 

Citation 560 (V/Ultra) 6 2 2 10 

Citation 560XL (Excel/XLS/XLS+) 1 12 20 3 2 38 

Citation 650 (III/VI/VII) 1 1 2 

Citation 680 (Sovereign/+) 3 3 4 2 2 2 16 

Citation 680A (Latitude) 2 1 2 5 

Citation 700 (Longitude) 1 1 2 

Citation 750 (X/X+) 1 1 1 3 

Hawker 400 1 5 1 4 1 12 

Hawker 4000 1 1 2 

Hawker 700/750 2 1 1 1 5 

Hawker 800/XP 3 7 2 2 3 2 2 21 

Hawker 850XP 3 4 1 2 2 12 

Hawker 900XP 6 2 2 10 

Premier I/IA 7 7 

TOTAL 88 55 45 32 15 15 11 10 9 7 6 6 7 306 

*NOTE: Others includes Hong Kong SAR, Taiwan, New Caledonia, PNG, Cook Islands, Laos, Bangladesh. 



-17 


BY COUNTRY/ 

REGION 

Australia 


Hong Kong SAR 

India 

Indonesia 

Japan 

Laos 

Malaysia 

Pakistan 

Philippines 

Singapore 

Taiwan 

-6 

-1 1 

-1 

-1 3 

-1 2 

1 

1 

-1 

-2 

-2 

-1 2 

-1 1 

7 1 

BY MODEL Citation 510 (Mustang) 

1 

Citation 525 (M2/CJ1/+) 

-1 3 2 

Citation 525A (CJ2/CJ2+) 

Citation 525B (CJ3/CJ3+) 


-1 

-1 

1 

1 

1 

Citation 550 (II/IISP/SII/Bravo) 

-3 2 

Citation 560XL (Excel/XLS/XLS+) 

-1 1 


-3 

Citation 680A (Latitude) 

-1 

Citation 700 (Longitude) 

1 

Hawker 400 

Hawker 700/750 

Hawker 800/XP 

-2 

-1 

-1 3 

Hawker 850XP 

1 

Hawker 900XP 

-2 

Premier I/IA 

2 




ENGINE OVERVIEW 

There were 2,351 turbine engines installed on 1,154 business jets in Asia-Pacific at the end of 2023. Although 

this was a decline of just one engine when compared to 2022, the number of engines has decreased by 4.0% 

when compared to 2021. 

Rolls-Royce maintained its position as the leading engine OEM 

in Asia-Pacific at the end of 2023, with 792 engines installed 

on 395 business jets, giving the engine manufacturer an overall 

installed on Long Range Jets built by Bombardier and Gulfstream, 

with two thirds installed on Gulfstream G650ERs, G550s and 

Bombardier Global 6000s. 

market share of 33.7%. Pratt & Whitney was the second largest 

manufacturer with 581 engines on 274 jets that gave it a 

market share of 24.7%, while Honeywell accounted for 13.8% 

of the market with 324 engines on 157 aircraft. The top three 

engine OEMs had a combined market share of 72.7% of all 

CFM, 104 (4.4%) 

Williams, 234 (9.9%) 

CFE, 20 (0.9%) 

Lycoming, 6 (0.3%) 

engines on business jets in the Asia-Pacific region. 

Some 46.3% of Rolls-Royce were serving business jets 

operating in Greater China, whilst its most popular BR700 

GE, 290 (12.3%) 

Honeywell, 324 (13.8%) 

2,351 

Rolls-Royce, 792 (33.7%) 

Pratt & Whitney, 581 (24.7%) 

model powered 304 business jets in the region. BR700s were 

TOTAL ENGINE GROWTH 

846 

802 792 

623 592 581 

2,449 

2,352 

2,351 

2021 

2022 


327 323 324 290 276 290 

201 

209 

234 

128 

118 

104 

24 22 20 10 10 6 

Rolls-Royce 

Pratt & Whitney 

Honeywell 

GE Williams CFM CFE 

Lycoming 

ENGINES BY SIZE CATEGORY 

Very Light Light Medium Large Long Range Corp. Airliner 

Rolls-Royce 

Pratt & Whitney 

Honeywell 

GE 

Williams 

CFM 

CFE 

Lycoming 

0 200 400 600 

800 

1,000 


ENGINE OVERVIEW 

Pratt & Whitney (P&W) was the most widely used turbine engine OEM 

in Australia, mainly serving the Medium Jet and Light Jet markets. Its 

most popular engine, the PW300, powered Bombardier’s Learjet 60 

series, Dassault’s Falcon 7X, 8X and 2000LX/LXS/EXEasy, as well as 

Gulfstream’s Medium G200 and Textron’s Medium jets. P&W’s proven 

JT15D was used extensively on most of Textron’s Light Jet models. 

Honeywell’s largest Asia-Pacific market was in Australia, with engines 

powering 45 Australian jets. Of the 274 TFE731 engines, 106 were 

installed on Bombardier’s Light Jet models, representing 38.7% of the 

TFE731 market. The HTF 7000 was installed on 25 medium-sized jets, 

up 25.0% from the end of 2022. 

There were 290 GE engines powering 144 business jets in Asia- 

Pacific at the end of 2023, making GE the fourth most popular 

engine OEM in the region. Its most widely used CF34 was installed 

on Corporate Airliners from Bombardier (CRJ100/200) and Embraer 

(Lineage 1000), with 142 out of 170 CF34s powering 71 Large Jets 

from Bombardier’s Challenger family. The Passport engine installed 

on the Global 7500 was its second most popular engine model, as 

six 2023-build Global 7500s were delivered to the Asia-Pacific region. 

The number of HF120-powered Light HondaJet/ELITE also increased 

from 34 to 46 in 2023. 

Williams had a large market share in Australia, where a total of 83 

FJ33s and FJ44s were in service, representing 35.5% of the market. 

Its best-known FJ44s were installed on 115 Light and Very Light Jets 

from Nextant, Pilatus and Textron, up 11.7% from 2022, whilst there 

were four FJ33s installed on the Very Light Vision SF50 G2. 

CFM was the largest Corporate Airliner engine OEM in the Asia- 

Pacific region at the end of 2023, with a 4.4% share of the total 

market. The number of CFM56 used in Asia-Pacific has declined for 

two years as a number of ACJs left the region, leaving a total of 100 

CFM56s powering 50 Airbus and Boeing Corporate Airliners. There 

were also four CFM LEAP engines powering two BBJ MAX 8s based 

in Hong Kong and South Korea. 

CFE and Lycoming both saw their market share decline in 2023, and 

had a combined market share of 1.1%, with CFE’s CFE738 powering 

ten Indian Falcon 2000s and Lycoming’s ALF 502 powering two 

Bombardier Challenger 600s and one Corporate Airliner (BAe 146). 


CFM 

2 1 3 

RANKING 

No.6 

NET GROWTH 

14 11.9% 

MOST POPULAR 

CFM56 

LARGEST FLEET 


44 

12 10 

6 

6 6 4 

4 4 4 

2 2 


THAILAND 

SOUTH KOREA 

MALAYSIA 

INDONESIA 

AUSTRALIA 

TAIWAN 

INDIA 

HONG KONG SAR 

SINGAPORE 

PHILIPPINES 

JAPAN 

TOTAL 

CFM56 44 12 8 6 6 6 4 4 2 4 2 2 100 

LEAP 2 2 4 

TOTAL 44 12 10 6 6 6 4 4 4 4 2 2 104 

Engines Installed on Top Aircraft Models 

MODEL CFM56 LEAP 

Engine Family Growth Trend 

2021 

2022 


ACJ319/neo 38 

BBJ1 30 

ACJ318 14 

126 

116 

100 

ACJ320/neo 8 

BBJ2 8 

BBJ MAX 8 4 

Boeing 737 2 

TOTAL 100 4 

CFM56 

2 

2 

LEAP 

4 


GE 

2 1 3 

RANKING 

No.4 

NET GROWTH 

14 5.1% 

MOST POPULAR 

CF34 

LARGEST FLEET 


74 

50 

42 

22 

14 12 12 12 10 10 

8 8 4 4 4 4 


AUSTRALIA 

JAPAN 

INDIA 

HONG KONG SAR 

SINGAPORE 

TAIWAN 

MALAYSIA 

INDONESIA 

PAKISTAN 

THAILAND 

BRUNEI 

SOUTH KOREA 

NEW ZEALAND 

PHILIPPINES 

LAOS 

TOTAL 

CF34 66 36 2 16 8 4 2 6 8 10 2 4 2 4 170 

CF6 2 2 4 

CF700 2 2 

CJ610 2 2 

GEnx 6 2 8 

HF120 4 32 2 8 46 

Passport 4 14 8 6 6 4 10 2 2 2 58 

TOTAL 74 50 42 22 14 12 12 12 10 10 8 8 4 4 4 4 290 


MODEL CF34 PASSPORT HF120 

Global 7500 58 

Challenger 604 56 

HondaJet ELITE 32 



CRJ100/200 24 

Challenger 800/850 18 

HondaJet 14 

Challenger 600/601 6 


TOTAL 166 58 46 


210 

180 

170 

58 

46 

34 

46 

34 

26 

8 8 

2021 

2022 


8 8 4 4 2 2 2 2 2 2 

CF34 Passport HF120 GEnx CF6 CF700 CJ610 


HONEYWELL 

2 1 3 

RANKING 

No.3 

NET GROWTH 

1 0.3% 

MOST POPULAR 

TFE731 

LARGEST FLEET 

Australia 

94 

73 

34 

31 

24 

16 

9 8 8 8 6 4 3 2 2 2 

AUSTRALIA 

INDIA 

SINGAPORE 

PHILIPPINES 


INDONESIA 

NEW ZEALAND 

PAKISTAN 

THAILAND 

MALAYSIA 

TAIWAN 

SOUTH KOREA 


LAOS 

BANGLADESH 

JAPAN 

TOTAL 

HTF7000 4 8 6 6 8 4 2 2 4 2 2 2 50 

TFE731 90 65 28 25 16 12 7 6 8 4 4 2 3 2 2 274 

TOTAL 94 73 34 31 24 16 9 8 8 8 6 4 3 2 2 2 324 


MODEL TFE731 HTF7000 

Learjet 35/36 60 

Hawker 800/XP 42 

Falcon 900 30 

G100/G150 26 

G280 26 

Hawker 850XP 24 

Learjet 45 XR 22 

Hawker 900XP 20 

Learjet 31 16 

Challenger 300/350/3500 12 

TOTAL 240 38 


283 283 274 

TFE731 

44 40 50 

HTF7000 

2021 

2022 



PRATT & WHITNEY 

2 1 3 

RANKING 

No.2 

NET GROWTH 

11 1.9% 

MOST POPULAR 

PW300 

LARGEST FLEET 

Australia 

149 

137 

69 

40 

29 25 23 

22 21 20 14 

12 6 5 3 2 2 2 

AUSTRALIA 


INDIA 

JAPAN 

MALAYSIA 

NEW ZEALAND 

SINGAPORE 

PHILIPPINES 

THAILAND 

INDONESIA 

PAKISTAN 

VIETNAM 

TAIWAN 

SOUTH KOREA 

BANGLADESH 

HONG KONG SAR 

COOK ISLANDS 

LAOS 

TOTAL 

JT15D 50 12 12 6 4 4 2 4 8 10 10 2 2 2 128 

PW1000G 4 4 

PW300 31 71 23 26 19 11 19 8 9 2 2 12 3 3 2 241 

PW500 18 46 26 4 2 2 6 8 2 114 

PW600 50 2 8 4 2 10 4 4 2 86 

PW800 2 2 2 2 8 

TOTAL 149 137 69 40 29 25 23 22 21 20 14 12 6 5 3 2 2 2 581 


MODEL PW300 JT15D PW600 PW500 

Citation 560XL (Excel/XLS/XLS+) 76 

Citation 550 (II/IISP/SII/Bravo) 66 

Falcon 7X 63 

Citation 510 (Mustang) 56 

Falcon 2000 EX 44 

Falcon 8X 36 

Citation 680 (Sovereign/+) 32 

Learjet 60 XR 32 

Hawker 400 24 

Phenom 100 22 

TOTAL 207 90 78 76 


289 

256 

241 

140 

134128 106108 

114 

82 86 

72 

2021 

2022 


10 6 8 6 6 4 

PW300 JT15D PW500 PW600 PW800 PW1000G 


ROLLS-ROYCE 

2 1 3 

RANKING 

No.1 

NET GROWTH 

10 1.2% 

MOST POPULAR 

BR700 

LARGEST FLEET 


256 

86 

80 

76 

56 46 36 34 34 26 26 12 

8 

8 

4 

2 

2 


HONG KONG SAR 

INDIA 

SINGAPORE 

INDONESIA 

AUSTRALIA 

THAILAND 

JAPAN 

MALAYSIA 

TAIWAN 

PHILIPPINES 

SOUTH KOREA 

VIETNAM 

NEW ZEALAND 

CAMBODIA 

PAKISTAN 

LAOS 

TOTAL 

AE3007 10 38 8 22 4 4 2 88 

BR700 202 84 42 56 24 40 28 32 30 24 12 12 6 8 4 2 2 608 

RB211 2 2 4 2 10 

Spey 2 2 

Tay 42 2 10 10 2 2 2 2 12 84 

TOTAL 256 86 80 76 56 46 36 34 34 26 26 12 8 8 4 2 2 792 


MODEL BR700 AE3007 TAY 

G650ER 178 

G550 140 


G450 70 


G650 46 

Global Express XRS 44 

Legacy 650 40 

Legacy 600 38 


TOTAL 582 78 70 


646 

604 608 

78 90 88 

11098 84 

10 8 10 2 2 2 

BR700 AE3007 Tay RB211 Spey 

2021 

2022 



WILLIAMS 

2 1 3 

RANKING 

No.5 

NET GROWTH 

25 12.0% 

MOST POPULAR 

FJ44 

LARGEST FLEET 

Australia 

83 

42 

36 

30 

11 

10 

10 

2 

2 2 2 2 2 

AUSTRALIA 

JAPAN 

INDIA 


SOUTH KOREA 

PHILIPPINES 

NEW ZEALAND 

HONG KONG SAR 

INDONESIA 

SINGAPORE 

PAKISTAN 


NEW CALEDONIA 

TOTAL 

FJ33 3 1 4 

FJ44 80 42 36 30 10 10 10 2 2 2 2 2 2 230 

TOTAL 83 42 36 30 11 10 10 2 2 2 2 2 2 234 


MODEL FJ44 FJ33 

Citation 525 (M2/CJ1/+) 92 

Citation 525A (CJ2/CJ2+) 50 

Citation 525C (CJ4) 28 

Pilatus PC-24 26 

Premier I/IA 14 

Citation 525B (CJ3/CJ3+) 12 

Nextant 400XT/XTi 8 

Vision SF50 4 

TOTAL 230 4 

Engine Family Growth Trend 2021 

2022 


198 

206 

FJ44 

230 

3 

3 

FJ33 

4 


APPENDIX 

APPENDIX 

SUBREGION BREAKDOWN 

EAST ASIA 

GREATER CHINA 

OCEANIA 

SOUTH ASIA 

SOUTHEAST ASIA 

Japan 

South Korea 


Hong Kong SAR 

Macao SAR 

Taiwan 

Australia 

Cook Islands 

New Caledonia 

New Zealand 

Papua New Guinea 

Solomon Islands 

Bangladesh 

India 

Pakistan 

Brunei 

Cambodia 

Indonesia 

Laos 

Malaysia 

Philippines 

Singapore 

Thailand 

Vietnam 

SIZE CATEGORIES 

CORP. AIRLINER 

LONG RANGE 

LARGE 

A340 

A340-541 

ACJ318 

ACJ319/neo 

ACJ320/neo 

ACJ330/neo 

BAe 146 

BBJ 787-8 

BBJ MAX 8 

BBJ1 

BBJ2 

Boeing 737 

Boeing 747 

Boeing 767 

CRJ100/200 

Dornier 328JET 

ERJ135 

ERJ145 

Fokker 100 

Lineage 1000 

Lineage 1000E 

Falcon 7X 

Falcon 8X 

G500 

G550 

G600 

G650 

G650ER 

Global 5000 

Global 6000 

Global 6500 

Global 7500 



GV/GV-SP 







Falcon 2000 


Falcon 900 

G III 

G IV/GIV-SP/G400 

G300/G350 

G450 

Legacy 600 

Legacy 650 

MEDIUM 

LIGHT 

VERY LIGHT 


Citation 560XL (Excel/ 

XLS/XLS+) 

Citation 680 (Sovereign/+) 

Citation 680A (Latitude) 

Citation 700 (Longitude) 

Citation 750 (X/X+) 

Falcon 20 

Falcon 50 

G200 

G280 

Hawker 4000 

Hawker 700/750 

Hawker 800/XP 

Hawker 850XP 

Hawker 900XP 

Learjet 60 XR 

Legacy 500 

Praetor 500 

Praetor 600 

Citation 500/501 (I/ISP) 

Citation 525A (CJ2/CJ2+) 

Citation 525B (CJ3/CJ3+) 


Citation 550 (II/IISP/SII/Bravo) 

Citation 560 (Encore/+) 

Citation 560 (V/Ultra) 


G100/G150 

Hawker 400 

HondaJet 

HondaJet ELITE 

Learjet 31 

Learjet 35/36 

Learjet 40 XR 

Learjet 45 XR 

Learjet 70/75 

Mitsubishi Diamond 

Nextant 400XT/XTi 

Phenom 300 

Phenom 300E 

Pilatus PC-24 

Westwind 1/2 

Citation 510 (Mustang) 

Citation 525 (M2/ 

CJ1/+) 

Eclipse 500 

Eclipse 550 

Learjet 24 

Phenom 100 

Premier I/IA 

Vision SF50 


REASONS TO 

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Business Jet Fleet Report YE 2023 Asia-Pacific

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