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ABOUT ASIAN SKY GROUP
Asian Sky Group Limited (“ASG”) is headquartered in Hong Kong with offices throughout Asia.
It has assembled the most experienced business aviation team in the Asia-Pacific region to provide
a wide range of independent consulting services to both fixed-wing and rotary-wing aircraft owners.
Asian Sky Group provides access to a significant customer base around the world with the help of its
exclusive partners: Avpro Inc., the largest business jet brokerage firm in the US; and AVIC International
Development Corporation, the largest state-owned aviation enterprise in Mainland China.
Asian Sky Group is backed by SEACOR Holdings Inc., a publically listed US company (NYSE: “CKH”) with
over US$ 1 billion in revenue and nearly US$ 3 billion in assets, and by Avion Pacific Limited, a
Mainland China-based general aviation service provider with over 20 years of experience and 6 offices
and bases throughout the country.
Asian Sky Group provides its clients with the following aviation consulting services:
1) AIRCRAFT SALES, including acquisition or marketing, selection of aircraft, asset financing, ownership
structuring, registration and operator selection, inspections and appraisals, and contractual support;
2) COMPLETION MANAGEMENT, including cabin definition, facility selection, completion oversight,
delivery and regulatory compliance, and contractual support;
3) OPERATION OVERSIGHT, such as invoice analysis and owner representation;
4) LUXURY CHARTER SERVICES; 5) SPECIAL PROJECTS and 6) TRANSACTIONAL ADVISORY.

CONTRIBUTION
Asian Sky Group would like to acknowledge the gracious contributions made by numerous
organisations, including aircraft operators, OEMs, aviation authorities, Jetnet, Flight Global Ascend and
superhero.ph in providing data and support, without which the information presented in this report
could not have reached its level of accuracy.
Should you wish to reproduce or distribute any portion of this report, in part or in full, you may do so by
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receive further information about our aviation services, please contact us at info@asianskygroup.com
or visit us at www.asianskygroup.com.

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

INTRODUCTION
Asian Sky Group (ASG) is pleased to present the first of its kind Asia Pacific
Business Jet Fleet Report for Year-End 2014. The report follows ASG’s
previously established Greater China Business Jet Fleet Report, first published
in March 2012. For copies of ASG’s various industry reports, please visit us
at www.asianskygroup.com.
This report provides the most complete coverage of the business jet
fleet in the Asia Pacific region, “Asia Pacific” being defined as Asian
countries in the Pacific Ocean region. Therefore, northern/central Asia
and Oceania countries such as India, Australia or New Zealand are not
included. Countries covered in this report include: Greater China (China,
Hong Kong, Macau, Taiwan), Japan, South Korea, Thailand, Cambodia,
Myanmar, Philippines, Malaysia, Brunei, Singapore, Indonesia and Papua
New Guinea.

TABLE OF CONTENTS
EXECUTIVE SUMMARY AND KEY FINDINGS…………………………………….…………….3
FLEET BREAKDOWN – ASIA PACIFIC
Fleet by OEM and by Country…......……………...………….......................................6
Top-20 Operator Fleets by OEM.......……………………….....................................22
Aircraft Models by Region…………….……………………….....................................24
Fleet by Size Category……………........……………………….....................................36
Fleet Registrations....…………………………………………….....................................38
Fleet Age Distribution.......…………………….…………………..................................41
FLEET ADDITIONS – ASIA PACIFIC........………………………………………….…......……48
GREATER CHINA – MARKET TRENDS..................…......………………………......……54
Net Fleet Growth 2012-2014...........................................................................55
Aircraft Additions & Deductions......................................................................61
Foreign Aircraft Operation Highlights.............................................................70
Forecast for 2015...........................................................................................71
SUPPORT INFRASTRUCTURE – ASIA PACIFIC
Maintenance Service and Training Centres..…………...................................73
Fixed-Base Operators (FBO)..…………………………...........................................81
Financing Institutions......…………………….…………………...................................83
Legal Firms........................................................................................................83
Compeletion Centres.......…………………….…………………...................................84
CHARTER AIRCRAFT AVAILABILITY.....……….……………………………..…………....……88
PRE-OWNED AIRCRAFT GLOBAL AVAILABILITY……………………...…….............……91
AIRCRAFT MODELS POSITIONING……………………………………………………….……...92

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

1

2013 data for the Asia Pacific region has been determined by using deductions for the Greater China region only.ASIA PACIFIC BUSINESS JET FLEET 2013 647 2014 744 +15% 297 256 41 Japan +7% 20 21 114 98 44 South Korea +5% China +16% 15 17 Myanmar 1 Taiwan +13% Hong Kong +16% 11 11 27 30 Macau Thailand +11% 40 Cambodia 45 3 43 61 48 Philippines +13% 50 3 Malaysia +12% 3 Brunei Singapore +22% 40 46 Indonesia +15% Papua New Guinea 3 Note (1): Fleet Distribution was done according to Business Jets in service and their active base of operations Note (2): As only Greater China 2013 fleet distribution was independently verified. 2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 .

The report focuses on “net” additions of aircraft into in the Asia Pacific region as of year-end 2014. as usual. There are 9 Legacy aircraft in Indonesia and the first Phenom 300s. at the other end of the spectrum. being G450s and G550s. aircraft sales activity levels dropped off dramatically in 2014 to almost half of those in 2013. Net additions is defined as new aircraft plus pre-owned aircraft deliveries less the aircraft which exited the market throughout the year. • Thailand seems to be either a Long Range Gulfstream market or. which grew at the same rate as China in 2014.EXECUTIVE SUMMARY Asian Sky Group’s Business Jet Fleet Report introduces a unique and alternate perspective on the business jet market in the Asia Pacific region. a Light Cessna and Hawker market. or deductions. • The Philippines is a Medium and Light aircraft size category market thus dominated by Cessna and Hawker. pre-owned sales and acquisition market activity. there are inevitably other typical factors and market influences to consider. This is due to the fact that China represents almost 50% of the market. as China goes. However. As is always the case. Not considering Greater China (see the special section in the report on this key market): • The largest business jet markets are Singapore and Malaysia where in both cases Bombardier is the dominating OEM and has a fairly balanced fleet in both countries with aircraft in operation from across its product line of Lear Jets. Those “other countries” in the region are primarily Thailand. • Finally South Korea is another strong market for Cessna (66% of Cessna’s fleet in Asia Pacific is located in North Asia) but also has the largest concentration of BBJs in the Asia Pacific region. • Japan is Cessna’s largest market outside of China and it has Gulfstream’s largest fleet of G650s in the Asia Pacific region. 2014 was a challenging year for China which consequently has allowed others countries in the region to shine and demonstrate their continuing strong performance. Hopefully. but is probably one of the oldest fleets in Asia Pacific. So one can interpret that business confidence levels in China are down while up across South-East Asia. Asian Sky Group’s report will be able to reveal these key market drivers and thus ultimately shed an important light on the outlook for 2015. Singapore & Indonesia. Malaysia. • If the Greater China market is any indication of the overall pre-owned market activity levels in the whole Asia Pacific region. and • Normally. so does the Asia Pacific region. ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 . The report provides an important overview of the performance of each Original Equipment Manufacturer (OEM). Challengers and Globals. • Indonesia is where Embraer has had the most success outside of China. and is ultimately also a gauge of regional and per country business confidence levels. So by these measures: • 2014 appears to have been a successful year for Gulfstream who remains the market leader and delivered 30 new aircraft into the Asia Pacific region – the first G650s but the majority.

5% respectively.6% of all the additions with 33.Key Findings ● At the end of 2014. 90% in Hong Kong and 80% in China are younger than 10 years old. ● The majority of 2014 net additions were for aircraft based in China. Out of those. 8% and 8% market share respectively. Gulfstream. or 44. ● The most popular business jet models added to the Asia Pacific fleet in 2014 were the Gulfstream G550. Hong Kong and Singapore.4% shares respectively. 16% and 15% respectively. 4 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . ● Nearly 60% of the Asia Pacific business jet fleet consists of large or long range category aircraft largely positioned in China. Bombardier Global 6000 and Dassault Falcon 7X. ● The top-20 operators in the Asia Pacific operate 51% of the entire business jet fleet. Dassault and Hawker follow with a 14%. representing 77. there were 15% more business jets based in the Asia Pacific region than in the previous year. Hong Kong and Indonesia had a higher than average addition of jets with 22%. Bombardier and Dassault combined contribued 70. Boeing increased its net Asia Pacific fleet by 30. 24.4% and Gulfstream 20%. Hong Kong and Singapore. ● In 2014. 24. growing from 647 to 744 aircraft. Singapore. 87 were new deliveries from OEMs. ● The USA registration (N prefix) is preferred in almost every country in Asia Pacific – representing 24% of all business jets in the region.2%. ● The net number of aircraft additions in Greater China in 2014 was 59 versus 64 in 2013 and over 100 in 2012. 42 were pre-owned aircraft and 32 were relocated out of the region.8% and 12. ● Pre-owned aircraft represented almost half the additions to the Greater China fleet in 2013. However. Cessna.5% of total additions. 16%. G450. Embraer 29. this number was only 27% in 2014.5%.3%. ● The vast majority (72. 16 are based in China or Hong Kong.8% and 8. ● Gulfstream and Bombardier continue to dominate the Asia Pacific business jet market with 30% and 26% of the fleet. by aircraft number.2%) of business jets in the Asia Pacific were manufacturer in 2005 or later. Dassault 29. China.4%. ● Out of the 18 countries and territories. ● The Greater China business jet fleet represents 59% of the aircraft (439 in total) in the Asia Pacific region. ● Out of 97 net additional aircraft in the region.

.

FLEET BY OEM & COUNTRY – ASIA PACIFIC 297 114 3 3 2 Bombardier 80 35 25 15 10 1 1 1 1 11 4 1 Cessna 37 1 3 8 4 10 23 8 Dassault 32 8 1 5 2 3 2 2 Dornier 1 Eclipse 1 Embraer 20 4 4 1 Gulfstream 96 54 18 9 4 7 10 11 Hawker 14 1 5 5 10 10 3 7 Nextant 1 Sabreliner 1 14 Westwind 6 30 Thailand 5 44 Japan 6 7 Hong Kong 11 Boeing China Airbus 45 Philippines Indonesia 46 Malaysia 48 Singapore 61 3 Total 297 114 61 48 46 45 44 30 % of Total 40% 15% 8% 6% 6% 6% 6% 4% % Change from 2013 +16% +16% +22% +12% +15% +13% +7% +11% ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

Others 7 (1%) Airbus 24 (3%) Boeing 30 (4%) Embraer 44 (6%) Dassault 57 (8%) Gulfstream 225 (30%) 744 Hawker 60 (8%) Cessna 104 (14%) 3 3 3 1 Cambodia Papua New Guinea Myanmar 11 Macau 17 Taiwan South Korea 21 Brunei Bombardier 193 (26%) Total 1 2 1 6 3 3 1 24 3% - 30 4% - 193 26% - 2 104 14% -1% 1 57 8% 1% 1 - - 1 - - 44 6% 1% 225 30% - 60 8% -1% 1 - - 1 - - 3 - - 5 1 1 1 8 3 1 3 1 % Change from 2013 2 8 2 % of Total 3 21 17 11 3 3 3 1 3% 2% 1% - - - - +5% +13% - - - - - ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 744 7 .

Fleet by Country – Top Markets China Hong Kong Boeing 7 (2%) Airbus 6 (5%) Airbus 11 (4%) Dassault 8 (7%) Gulfstream 96 (32%) Hawker 14 (5%) Boeing 5 (4%) Embraer 4 (4%) Cessna 1 (1%) Hawker 1 (1%) Embraer 20 (7%) 114 297 Bombardier 80 (27%) Dassault 32 Cessna 37 (12%) (11%) Macau Bombardier 35 (31%) Gulfstream 54 (47%) Taiwan Hawker 1 (9%) Airbus 2 (12%) Embraer 1 (6%) Gulfstream 8 (48%) Dassault 1 (9%) Airbus 1 (9%) 11 17 Bombardier 3 (17%) Gulfstream 3 (27%) 8 Bombardier 5 (46%) ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Hawker 3 (17%) .

Singapore Malaysia Nextant 1 (2%) Dassault 1 (2%) Airbus 1 (2%) Cessna 3 (5%) Sabreliner 1 (2%) Embraer 1 (2%) Boeing 3 (5%) Eclipse 1 (2%) Boeing 3 (6%) Bombardier 25 (41%) Hawker 5 (10%) Embraer 4 (6%) Bombardier 15 (32%) 61 48 Gulfstream 9 (19%) Cessna 8 (17%) Hawker 5 (8%) Dassault 5 (10%) Gulfstream 18 (29%) Indonesia Philippines Boeing 2 (4%) Dassault 2 (4%) Cessna 4 (9%) Gulfstream 7 (16%) Embraer Hawker 14 (30%) 10 (22%) Dassault 3 (7%) Westwind 3 (7%) Gulfstream 4 (9%) Bombardier 10 (22%) 46 45 Hawker 10 (22%) Cessna 10 (22%) ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Dornier 1 (2%) Bombardier 11 (24%) 9 .

Japan

Thailand

Dassault 2 (5%)

Boeing 1 (2%)

Hawker 3 (7%)

Airbus 1 (2%)

Dassault 2 (7%)

Bombardier 1 (3%)

Boeing 1 (3%)
Bombardier 4 (9%)
Gulfstream
11 (37%)

44

30

Gulfstream
10 (23%)

Cessna 8 (27%)
Hawker 7 (23%)

Cessna 23 (52%)

South Korea

Airbus 1 (5%)

Hawker 1 (5%)

Gulfstream 2 (9%)
Cessna 8 (38%)

21

Bombardier 3 (14%)

10

Boeing 6 (29%)

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Fleet by Major OEM – Asia Pacific
Airbus
Brunei 1 (4%)

Japan 1 (4%)

Macau 1 (4%)

Malaysia 1 (4%)
South Korea 1 (4%)
Taiwan 2 (9%)

24

China 11 (46%)

11
Hong Kong 6 (25%)

6

1

1

1

1

1

South Korea

Malaysia

Macau

Brunei

Japan

Taiwan

Hong Kong

China

2

Total
A319ER

4

4

A340--200

1

ACJ318

3

1

ACJ319

4

3

1

2

7
1

1

1

1

10

+1

ACJ320

1

1

+1

ACJ330

1

1

+1

Total
Change from 2013

12

Change
from 2013

11

6

2

1

+1

+1

+1

1

1

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

1

1

24
+3

Boeing Thailand 1 (3%) Japan 1 (3%) Indonesia 2 (7%) China 7 (23%) Brunei 2 (7%) 30 Malaysia 3 (10%) South Korea 6 (20%) Singapore 3 (10%) Hong Kong 5 (17%) 7 2 1 1 Japan 2 Thailand 3 Indonesia Singapore Hong Kong Souht Korea China 3 Brunei 5 Malaysia 6 Total 727-100 1 737-200 1 2 1 1 737-400 1 747-400 1 1 767-200ER 1 1 BBJ 6 BBJ2 1 Total 7 Change from 2013 +3 6 4 2 1 6 5 +2 3 1 1 1 1 1 3 2 +1 +1 Change from 2013 2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 1 20 +3 4 +4 30 +7 13 .

Bombardier Thailand 1 South Korea 3 (2%) Taiwan 3 (2%) Myanmar 1 Japan 4 (2%) Macau 5 (3%) Indonesia 10 (5%) China 80 (41%) Philippines 11 (6%) Malaysia 15 (8%) 193 Singapore 25 (13%) Hong Kong 35 (18%) 80 11 10 5 4 3 3 1 1 Indonesia Macau Japan Taiwan South Korea Thailand Myanmar 15 Malaysia Singapore Hong Kong China 25 Philippines 35 Total Challenger 300 8 2 Challenger 601 1 1 1 Challenger 604 2 2 Challenger 605 11 9 Challenger 850 12 4 Challenger 870 11 CRJ200 VIP 7 Global 5000 6 10 4 2 Global 6000 7 5 3 1 Global Express 3 2 1 Global Express XRS 5 2 2 12 3 1 5 2 7 2 1 1 1 1 1 34 1 1 Learjet 24 2 Learjet 35/A/36A 3 3 Learjet 40 Learjet 45/XR 14 1 1 1 1 Learjet 60/XR 3 1 3 2 Total 80 35 25 15 Change from 2013 +10 +3 +5 +1 1 +1 18 +1 11 +6 9 2 1 2 5 1 1 1 2 1 1 Learjet 31A -1 6 2 Challenger 800 1 Change from 2013 24 +4 18 +10 9 -1 14 +1 3 2 1 5 1 12 1 1 1 2 +1 9 11 10 5 +3 -1 4 3 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 1 1 +1 193 +22 .

Cessna Singapore 3 (3%) Papua New Guinea 2 (2%) Hong Kong 1 (1%) Indonesia 4 (4%) Thailand 8 (8%) Malaysia 8 (8%) China 37 (35%) 104 South Korea 8 (8%) Philippines 10 (9%) Japan 23 (22%) 37 3 2 1 Papua New Guinea Hong Kong 4 Indonesia 8 Malaysia 8 Thailand 8 Souht Korea Philippines Japan China 10 Singapore 23 Total Citation Bravo Citation CJ1/+ 2 13 Citation CJ2/+ 3 1 3 5 3 20 7 7 Citation CJ3 1 Citation CJ4 1 2 Citation Encore 2 Citation Excel 3 1 Citation I/SP/II 2 1 1 3 3 1 Citation S/II 2 Citation Sovereign/+ 4 1 5 2 3 2 9 4 4 1 1 1 Citation X/+ 1 2 8 Change from 2013 +4 1 1 3 23 15 +2 3 1 37 +2 6 3 1 Total +1 3 Citation VI/VII Citation XLS/+ -1 2 2 1 Citation V 2 3 Citation Mustang Citation Ultra Change from 2013 10 +4 8 8 8 3 1 4 3 +1 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 1 -1 3 -1 4 +1 15 +4 104 +8 15 .

Dassault Singapore 1 (2%) Macau 1 (2%) Papua New Guinea 1 (2%) Thailand 2 (3%) Japan 2 (3%) Indonesia 2 (3%) Philippines 3 (5%) China 32 (56%) 57 Malaysia 5 (10%) Hong Kong 8 (14%) 5 3 2 2 2 1 1 1 Philippines Indonesia Japan Thailand Macau Singapore Papua New Guinea Hong Kong China 8 Malaysia 32 Total Falcon 10 Falcon 2000LX 1 1 2 Falcon 2000S 1 1 Falcon 2000LXS 2 1 1 1 1 +1 1 +1 1 1 Falcon 20F-5 1 1 Falcon 50 1 26 4 1 Falcon 900 Falcon 900DX 1 1 2 1 +1 31 +8 4 1 Falcon 900EX 1 1 Falcon 900LX 3 3 Total 32 8 5 Change from 2013 +8 +3 +2 1 2 1 57 6 3 2 2 2 1 +1 * includes one aircraft lost in Taiwan 16 7 Falcon 20D Falcon 7X Change from 2013 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 +2 +13* .

Embraer Malaysia 1 (2%) Taiwan 1 (2%) Hong Kong 4 (9%) Singapore 4 (9%) China 20 (46%) 44 Indonesia 14 (32%) 20 14 Legacy 600 1 7 2 1 Legacy 650 13 2 1 1 Legacy Shuttle 1 Taiwan 1 1 1 Lineage 1000 4 Lineage 1000E 1 3 Total 20 14 Change from 2013 +9 Change from 2013 13 +1 17 +5 1 6 +2 1 2 +2 1 1 Total 1 1 Phenom 100 Phenom 300 1 Malaysia 4 Hong Kong Singapore Indonesia China 4 1 4 4 4 +1 +1 1 1 44 +10* * includes one aircraft lost in Macau ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 17 .

Gulfstream Cambodia 3 (1%) Macau 3 (1%) Indonesia 4 (2%) South Korea 2 (1%) Philippines 7 (3%) Taiwan 8 (4%) Malaysia 9 (4%) Japan 10 (4%) China 96 (43%) Thailand 11 (5%) 225 Singapore 18 (8%) 96 Hong Kong 54 (24%) 54 10 9 8 7 4 3 3 2 Malaysia Taiwan Philippines Indonesia Cambodia Macau South Korea Thailand Singapore Hong Kong China 11 Japan 18 G100 2 G150 1 G200 11 G280 4 G300 G450 6 4 35 2 1 2 1 1 15 39 28 5 3 +1 4 +4 1 2 1 1 1 64 5 3 +9 1 3 2 G-II 3 1 1 1 2 2 5 1 G-III 29 1 1 G650 18 1 Change from 2013 2 1 1 G500 G550 2 Total 1 85 +10 10 +6 1 2 1 2 G-IV 3 1 1 1 G-IV-SP 1 1 1 2 G-V 3 1 1 2 2 Total 96 54 18 11 10 Change from 2013 +8 +8 +2 +3 +3 6 2 1 8 +1 9 9 8 7 +1 +1 4 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 3 +3 +2 2 225 +31 .

Hawker Macau 1 (2%) South Korea 1 (2%) Hong Kong 1 (2%) Taiwan 3 (5%) Japan 3 (5%) China 14 (23%) Singapore 5 (8%) 60 Malaysia 5 (8%) Indonesia 10 (17%) Thailand 7 (11%) Philippines 10 (17%) 14 10 1 1 1 Macau South Korea 3 Hong Kong 3 Taiwan 5 Japan 5 Malaysia Thailand Philippines Indonesia China 7 Singapore 10 Total HS 125-1A Hawker 400/A/XP 1 1 2 Hawker 700A/B 1 2 2 5 1 2 3 13 1 1 7 Hawker 850XP 2 Hawker 900XP 3 1 3 2 2 1 17 1 9 2 1 Premier I/IA 2 1 1 14 10 10 7 Change from 2013 -1 +1 +2 -1 2 1 Total 1 4 Hawker 1000A Hawker 4000 1 2 5 +3 6 Hawker 750 Hawker 800A/B/XP Change from 2013 1 3 -3 4 5 +1 5 3 +1 3 1 -1 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 1 60 +1 19 .

Bill Heinecke had taken his first faltering step into the world of commerce and entrepreneurship. and lean financial resources walked into a lawyer’s office in Bangkok. their assets were meager.200 he had borrowed from a moneylender on the company registrations.000 and signed the necessary papers to incorporate two companies. Inter-Asian Enterprise and Inter-Asian Publicity.PERSONALITY PROFILE Interview and Text by Anthony Lam William E. an American youngster with a secondary school education. a blank CV. He handed over the equivalent of US$1. There was nothing too glamorous about cleaning offices and writing simple advertisements for local businesses. After spending the bulk of the US$1. Minor Group of Companies “You’ve got to have the passion. what little remained was spent on plastic buckets and floor mops for his new cleaning business along with a few minutes of air time on a local radio station. While the names sounded impressive. Heinecke Chairman & CEO. but it was a start. 20 ASIA ASIAPACIFIC PACIFICBUSINESS BUSINESSJET JETFLEET FLEETREPORT REPORTYEAR YEAREND END2014 2014 .” In 1967.

racing vintage cars. it is in fact a critical aspect. and a host of manufacturing and licensing operations that include the world’s largest golf glove factory. and free falling out of an aircraft. Bonanza. “At the time.” recounted Heinecke.As Bill Heinecke himself and Jonathan Marsh have said in The Entrepreneur. Minor Aviation was then founded.” said Heinecke. Esprit fashion. As an entrepreneur with an adventurous spirit.The Minor Food Group. Mooney. “I did a little bit of everything. and don’t skip on maintenance. to travel to and from the location of my business required 8 hours of driving time . and the Minor Corporation . Heinecke with Jonathan Marsh (1-2). “In the end you’ve got to have the passion . and more specifically risk taking. who continued. Heinecke flies himself around Thailand in his Piper Malibu. He is chief executive and major shareholder of three publicly listed companies . the luckier you’ll get. cosmetics. he has spotted trends and opportunities where competitors saw only red ink and dead ends. restaurants. Heinecke has owned and piloted a Grumman Lynx. Scattered over the country is a chain of more than a hundred pizza restaurants. nothing can stop you. becoming the Mjets we know today.” said Heinecke.because when you do. he has built luxury hotels and shopping malls where others feared to tread. Being no stranger to aviation or private aircraft. plan your journey carefully.” William E. skiing. and then in my Piper Malibu I flew from Florida to Bangkok. Today. so I had a big incentive to learn how to fly.” said Heinecke. Forbes has named it one of the best 300 small companies in the world .” explained Heinecke. two ice cream franchises.and for a time it was the only Thai company to be nominated. steak. Over the years. many of them Dehavilland Twin Otters. or a 35-minute flight. among others.” ASIA ASIAPACIFIC PACIFICBUSINESS BUSINESSJET JETFLEET FLEETREPORT REPORTYEAR YEAREND END2014 2014 21 . I flew from London to Bangkok in my Bonanza. There is no doubt that the fastest growing businesses use business aircraft. and that is no coincidence. preparing well. The more prepared you are and the harder you work. who had learned of this lesson after an unfortunate incident where the cause was attributed to maintenance. all owned by MJets. “Above all. and never going into something that may endanger oneself are the ingredients to success. but I don’t think I’m necessarily a risk taker. as well as numerous Cessna Caravans in Africa for their hotels. remain cool and calm at all times.the more prepared you are. He has become the most successful foreign businessman in Thailand and perhaps one of the smartest expatriate entrepreneurs in the whole of Southeast Asia. the more luck will be on your side. Beyond that. Heinecke feels that training well. “The key is preparation .it was either that. he could be found diving. These days the mop and bucket business have disappeared. Keeping a cool head and reacting well to crisis situations comes from training. “I may have an adventurous spirit.000 people. and a Gulfstream V. our fleet of jets consist of the Bravo for EMS operations. CJ-3 for short haul flights.” Heinecke continued. when Heinecke wasn’t busy closing the next multi-million dollar deal. Heinecke pursued flying and upgraded his fleet of aircraft as his mission requirements and experience grew. Sheaffer pens. Heinecke has persuaded the spice-loving Thais to eat pizza. Citation X.” reflected Heinecke. and a company that provides catering to offshore oil rigs. and a Piper Mirage. “Aviation is an important part of all of our businesses.” Heinecke continued. Heinecke’s other businesses own and operate six aircraft in the Maldives. Royal Garden Resorts. As a passionate aviator. “Flying really came from an extension of my businesses. “Thirty-five years later.that employ more than 12. Many have correlated Heinecke’s success for business to his passion for adventure. that teenager has turned 53 and sits on top of a expansive business empire. “Always invest in the best aircraft you can afford.

Deer Jet. it was observed that Non-China based operators were able to grow their aircraft fleet while China-based operators had very little if any growth in the number of aircraft they managed. TAG Aviation. making Greater China count 16 out of the top 20 Asia Pacific operators. 70 49 45 35 1 30 13 6 1 1 6 7 11 3 1 3 8 17 24 49 45 35 Dassault Embraer Gulfstream 22 47 Hawker 9 Total 70 1 1 3 3 6 2 10 2 1 Cessna 12 HongKong Jet Bombardier 12 China United 2 Minsheng Int’l Jet 1 3 13 China Eastern BAA 4 Boeing 14 Jet Aviation TAG Aviation Airbus Metrojet Deer Jet 16 Lily Jet 30 1 2 11 2 1 5 8 1 21 7 4 4 1 30 16 12 12 1 14 13 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . In 2014. Business Aviation Asia.TOP 20 OPERATOR FLEETS BY OEM – ASIA PACIFIC 51% of total Asia Pacific fleet The Top-20 operators in Asia Pacific fly 51% of the total business jet fleet in the region. Metrojet and Jet Aviation remain the top five jet operators in the region while many Chinese and Hong Kong operators follow.

8 8 7 7 Nanshan Jet VistaJet CAAC Academy 8 Asia Jet 9 Premiair 9 Korean Air 9 Challenger Aero Air Sino Jet CAAC Inspection 10 Beijing Airlines 11 Total 2 1 17 1 4 1 3 10 1 9 3 1 1 1 1 2 2 11 7 6 27 33 6 1 5 3 1 11 10 9 9 100 27 1 5 4 8 8 7 153 4 14 9 8 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 7 382 23 .

24 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .AIRCRAFT MODELS BY REGION – TOP OPERATORS* China 51% of the Total China Fleet 68 35 17 Deer Jet BAA TAG Aviation 16 China Eastern 14 Minsheng Int’l Jet Total A319ER 1 ACJ318 1 1 ACJ319 2 BBJ 3 1 3 3 Challenger 300 Challenger 605 2 1 1 1 Challenger 850 3 Citation CJ1/+ 1 4 5 2 5 1 Falcon 2000S 1 Falcon 7X 4 8 Falcon 900LX 1 1 Gulfstream G200 7 1 1 5 2 2 1 Gulfstream G280 Gulfstream G450 12 5 5 19 2 8 2 2 3 1 23 3 1 29 Gulfstream G550 20 Gulfstream IV 3 3 Gulfstream IV-SP 1 1 Gulfstream V 3 3 Global 5000 Global 6000 5 Global Express 3 3 1 6 1 Global Express XRS 1 1 Hawker 4000 1 Hawker 800A/B/XP 4 Hawker 850XP 2 Hawker 900XP 2 Learjet 60/XR 1 1 2 1 1 Legacy 650 1 1 2 5 Lingeage 1000E 68 5 2 Lineage 1000 Total 1 35 17 16 6 12 1 2 1 1 14 150 * The top 5 operators are shown unless many operators share the same number of aircraft at the 4th and 5th place.

Hong Kong 75% of the Total Hong Kong Fleet 30 19 16 11 Metrojet Jet Aviation TAG Aviation Hongkong Jet 9 BAA Total ACJ318 ACJ319 BBJ 1 1 Challenger 604 1 1 2 3 1 2 2 Challenger 605 1 Challenger 850 1 Citation Sovereign/+ 1 Falcon 7X 2 1 2 1 2 1 1 1 1 Falcon 900EX Falcon 900LX 1 Gulfstream G200 2 Gulfstream G450 4 5 Gulfstream G550 13 7 Gulfstream G650 Gulfstream V 1 Global 5000 2 1 1 3 1 1 1 3 1 3 1 1 11 2 4 26 1 1 1 4 1 7 3 3 3 1 Global 6000 Global Express 5 1 1 Global Express XRS 2 1 1 2 Legacy 600 1 1 Legacy 650 1 1 Lineage 1000 1 1 Lineage 1000E Total 30 19 16 11 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 1 9 85 25 .

Macau
64% of the Total Macau Fleet
3

Fortuna Jet

2

2

Jet Asia

TAG Aviation

1

1

2

1

1

Total
Challenger 605
Challenger 850
CRJ200 VIP

1

1

Global Express

1

Gulfstream G550

2

Total

3

1
2

2

2

7

Taiwan
59% of the Total Taiwan Fleet

3

Executive Aviation
Taiwan

3

Win Air Jet

2

2

Aerospace Industrial
Development

EVA Airways

Total
ACJ318

2

Gulfstream G100

2

Gulfstream G450
Gulfstream G550

26

2
2

1

1

2

2

Global Express XRS

1

1

Hawker 400/A/XP

1

1

Legacy 600

1

Total

3

1
3

2

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

2

10

Singapore
46% of the Total Singapore Fleet

6
5

Pacific Flight
Services

TAG
Aviation

4

4

Jet
Aviation

Execujet

3

3

3

Asia Pacific
Jets

Precious
Jet

TWC
Aviation

Total
BBJ

1

Challenger 300

1

1

Challenger 605

1

2

Gulfstream G150
Gulfstream G550

2
1

4

1

Gulfstream G450

1
1

1

Global 5000

2

3

1

2

2

Global 6000

2
1

1

Hawker 800A/B/XP

2
2

Learjet 35/A/36A

2

Learjet 45/XR

1

Learjet 60/XR

1

1

2
2
1
2

3

Legacy 600

1

1

Legacy 650

1

1

3

28

Nextant 400XT
Total

1
6

5

4

4

3

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

1
3

27

Malaysia
38% of the Total Malaysia Fleet

4

4
3

3
2

Gov’t of
Malaysia

Smooth
Route

TAG
Aviation

Weststar Aviation
Aerotree
Services
Defense & Services

2

Berjaya
Air

Total
Boeing 727-100
Boeing 737-200
ACJ319

1

1

1

1

1

1

Challenger 300

1

Citation Bravo

2

Citation Sovereign/+

2

Gulfstream G450

2
2
1

Gulfstream II
Gulfstream IV

1
1

1

1

1

Global 5000

1

Global Express XRS

2

28

2
2

Total

4

1
2

Learjet 35/A/36A
Learjet 60/XR

1

2
2

4

3

3

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

2

2

18

Philippines 49% of the Total Philippines Fleet 9 4 Challenger Aero Air Metrojet 3 Subic Int’l Air Charter 3 Lionair 3 Royal Star Aviation Total Dornier 328JET Challenger 300 1 1 1 Citation I/SP/II 1 Citation XLS/+ 1 CRJ200 VIP Falcon 900 1 1 1 2 1 1 1 1 Gulfstream G200 1 1 Gulfstream G450 1 1 Gulfstream G550 1 1 1 2 Gulfstream IV-SP 1 Global 5000 1 Hawker 700A/B 1 Hawker 800A/B/XP 3 1 1 3 Learjet 35/A/36A Learjet 40 Learjet 45/XR 1 1 1 1 1 1 Westwind 1 Total 2 1 9 4 3 3 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 3 22 29 .

Indonesia 59% of the Total Indonesia Fleet 8 3 Premiair 2 Gov’t of Jhonlin Indonesia Air Transport 2 2 Transpac Lionair 2 2 Airfast Transwisata Indonesia Prima Aviation 2 2 2 TAG Aviation Enggang Air Service FlyJet Total BBJ 1 BBJ2 1 1 1 Challenger 601 2 Challenger 604 2 2 Challenger 605 1 Citation VI/VII Gulfstream G550 1 1 Hawker 900XP 2 1 2 4 2 Legacy 600 2 Legacy 650 2 2 1 1 1 5 2 Legacy Shuttle 1 Lineage 1000 1 Phenom 300 1 1 1 1 Premier I/IA 30 1 1 Gulfstream IV-SP Total 1 1 Learjet 31A 1 8 2 3 2 2 2 2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 1 2 2 2 27 .

Japan 41% of the Total Japan Fleet 4 4 4 Asia Jet Gov’t of Japan Coast Guard Ministry of Land & Traportation 3 3 Nakanihon Air Service Jet Aviation Total ACJ318 BBJ 1 1 1 Citation V 3 Falcon 900 Gulfstream G650 1 3 2 2 2 2 4 Gulfstream IV 1 1 Gulfstream IV-SP 1 1 Gulfstream V Global 6000 2 1 Global Express Total 2 1 2 4 4 4 2 3 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 18 31 .

Thailand 57% of the Total Thailand Fleet 6 4 Mjets Siam Land Flying 3 AC Aviation 2 2 Advance Aviation Thai Flying Service Total Citation Bravo 1 Citation CJ3 1 1 Citation VI/VII 1 Citation X 1 1 2 Gulfstream V 1 1 2 4 1 Global Express XRS 1 Hawker 400/A/XP 1 2 2 2 Hawker 800A/B/XP 1 Hawker 850XP 1 1 4 3 2 2 2 2 2 Flight Inspection Center SK Telecom Hyundai Motor Total 1 1 Falcon 2000LX Gulfstream G200 2 1 6 1 17 South Korea 81% of the Total South Korea Fleet 8 3 Korean Air Samsung Techwin Total 1 ACJ319 BBJ 1 Citation Ultra 2 2 1 Challenger 601 Citation CJ1/+ 2 4 1 1 1 8 3 32 1 2 1 Hawker 750 Total 5 1 2 4 Gulfstream G550 Global Express XRS 1 2 1 2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 17 .

.

Jet Aviation Hong Kong In addition to aircraft management and charter.Text and photo by Anthony Lam Iris Riesen Managing Director. and authorities ever since. FBO and staffing. internationally renowned operator Jet Aviation. In Hong Kong.” said Riesen. a whollyowned subsidiary of General Dynamics. Jet Aviation Business Jets Limited today is based out of the Hong Kong International Airport and led by its Managing Director Iris Riesen.” said Riesen. we established a global network of facilities and earned a reputation for excellence. and flight support services. Jet Aviation takes pride in exceeding customer expectations. and FBO facility in Singapore. serves the business aviation industry with core services including maintenance and engineering. This is the highest value we offer and is what differentiates us from our competitors. Jet Aviation Business Jets Limited first entered the Asian market in 1995 with the opening of their maintenance. we not only developed comprehensive business aviation service capabilities. as well as charter services all provided on a 24/7 basis by a team of multilingual specialists. transparency. operations. Headquartered in Switzerland since 1967. partners. Available services include the full range of aircraft management. “We have been providing business aviation services to aircraft owners and operators for nearly half a century. and our good standing in the aviation industry is based on the quality. refurbishment. 34 ASIA ASIAPACIFIC PACIFICBUSINESS BUSINESSJET JETFLEET FLEETREPORT REPORTYEAR YEAREND END2014 2014 . “In this time. and they have been promoting and maintaining relationships with owners. commitment and dedication of each member of our global team of professionals. their aircraft management and charter operation was launched in September 2001 as a division of Jet Aviation Business Jets. completions and refurbishment.

Jet Aviation Houston and Jet Aviation Basel both earned ISO 14001 and OHSAS 18001 certifications in recognition of their commitment to protecting health and safety. “This means working with each other. continuous improvement and profit generation. We make Safety an integral part of our corporate culture that is continually reflected in all of our daily activities. For us. Macao MAR-145. and defect rectifications..” Riesen reflected. Cayman CAA. When asked about the challenges of operating in Asia and China. For example. Jet Aviation Business Jets Limited’s highest priority is to uphold. FBO and aircraft management and charter facilities represent a major benefit to international travelers in terms of service. From our leadership.” said Riesen. Our goal is Zero Safety Incidents. it services aircraft registered in 11 other countries through Jet Aviation’s maintenance approvals in Singapore. Aruba DCA. but acting locally. In addition. and has access to a 9. We have experience and know-how that is well-respected in the market and shaped around the highest industry standards. When it comes to safety. ASIAPACIFIC PACIFICBUSINESS BUSINESSJET JETFLEET FLEETREPORT REPORTYEAR YEAREND END2014 2014 ASIA 35 . Riesen explained that “China was and still is to some extent a new market for corporate aviation. Australian CASA. operations. Singapore CAAS. the company holds an FAA repair station certificate. and mainland China JMM approval for PRC-registered aircraft. Bermuda DCA.On September 9. In 2014.at great value. we did bring a lot of valuable experience with us. Philippines ATO. there is not the same freedom of operation like in some of the older markets of our businesses. as well as AOG support. which include EASA. and North and South America. we believe in thinking globally. “Our global network of maintenance. Malaysia DCA. and Thailand DOA. Jet Aviation Business Jets Limited have learned that patience is a virtue and that only with polite persistence will yield results where solutions are achieved.200 square meter (99. and improve Safety standards in every aspect of operations. but our aircraft management and flight support customers also benefit in terms of the bottom line through our global buying power we negotiate substantial reductions in fuel and insurance costs.” continued Riesen.027 square feet) hangar. To succeed here in the long term. we have adopted a Safety first approach to make certain that Safety guides our actions as a matter of habit. It is just a question of time before more of their facilities follow suit. Asia. etc. as well as examples of lessons learned.” Whilst a lot has changed in recent years to better accommodate business aviation in Asia and China. which we pass on to our customers to ensure comprehensive services . as well as the restrictions in permits and approvals. The current lack of infrastructure to support the needs of the business jets community presents some challenges.” Riesen explained. The company offers line maintenance. we manage a fleet of more than 250 aircraft worldwide and all members of the Hong Kong dispatch team have been trained in cooperation with the company’s headquarters in Zurich. as a leading business aviation services provider. While I don’t want to underestimate the learning curve we faced when we first started operating in Asia. promote. “With more than 20 airport facilities throughout Europe. Safety is everyone’s responsibility. our scope and scale of service offerings offers major benefits that are difficult to match. as well as the environment. integrity. Indonesia DGAC. 2008 the company received its maintenance repair station approval from the Hong Kong Civil Aviation Department (CAD). security and housekeeping teams. “What we can say for certain is that it is very interesting and exciting area to be in and that we are fully committed to Asia and its customers here for the long term. In addition to Hong Kong CAD maintenance repair station approval. inspections. our customers and the industry to ensure Safety is as prominent in our goals as quality. the Middle East. maintenance and engineering teams to everyone in or administration.

Aircraft size preference in Thailand. Hong Kong and Singapore. Airliner 23 13 3 4 3 1 2 1 7 2 1 Long Range 89 55 15 6 3 3 10 8 4 4 3 3 63 1 201 Large 106 37 18 14 20 8 5 2 1 4 6 1 Medium 40 9 13 15 7 14 4 10 1 4 1 1 Light 20 9 7 9 14 7 4 5 2 Very Light 19 3 2 4 5 16 5 3 1 Total 297 114 61 48 46 45 44 30 21 17 11 3 3 3 1 +16% +16% +22% +12% +15% +13% +7% +11% +5% +13% - - - - - % Change from 2013 36 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Market Share Change 1 1 224 119 +2% 1 78 -2% 1 59 744 . and Indonesia also include the medium size category aircraft. Airliner 63 (8%) Very Light 59 (8%) Medium 119 (16%) Large 224 (30%) 744 Long Range 201 (27%) Light 78 (11%) 297 114 61 48 46 45 44 30 3 3 3 1 Cambodia Papua New Guinea Myanmar 11 Macau Taiwan South Korea Thailand Japan Philippines Indoenesia Malaysia Singapore Hong Kong China 17 Burnei 21 Total Corp.FLEET BY SIZE CATEGORY – ASIA PACIFIC Nearly 60% of the Asia Pacific business jet fleet consists of Large or Long-Range category aircraft largely positioned in China. while the Philippines tends more towards medium and light aircraft categories. Malaysia. Corp.

Size Category Description Corporate Airliner Long Range Large Boeing 727-100 Gulfstream G500 Challenger 601 Boeing 737-200 Gulfstream G550 Challenger 604 Boeing 737-400 Gulfstream G650 Challenger 605 Boeing 747-400 Gulfstream V Challenger 800 Boeing 767-200ER Global 5000 Challenger 850 Airbus 319ER Global 6000 Challenger 870 Airbus 340-200 Global Express CRJ200 VIP ACJ318 Global Express XRS Gulfstream G280 ACJ319 Falcon 7X Gulfstream G300 ACJ320 Gulfstream G450 ACJ330 Gulfstream II BBJ Gulfstream III BBJ2 Gulfstream IV Lineage 1000/E Gulfstream IV-SP Dornier 328JET Legacy 600 Legacy 650 Legacy Shuttle Falcon 900 Falcon 2000LX/S/LXS Falcon 900DX/EX/LX Medium Light Very Light Challenger 300 Citation Bravo Citation CJ2/+ Citation X/+ Citation CJ3 Citation CJ1/+ Citation Sovereign/+ Citation CJ4 Citation I/SP/II Gulfstream G100 Citation Encore Citation Mustang Gulfstream G150 Citation Excel Eclipse500 Gulfstream G200 Citation S/II Phenom 100 Falcon 50 Citation Ultra Learjet 24 Falcon 20D Citation V Hawker 400/A/XP Falcon 20F Citation VI/VII Premier I/IA Learjet 60/XR Citation XLS/+ HS 125-1A Learjet 31A Hawker 700A/B Learjet 35/A/36A Hawker 750 Learjet 40 Hawker 800A/B/XP Learjet 45/XR Hawker 850XP Phenom 300 Hawker 900XP Falcon 10 Hawker 1000A Westwind 1/2 Hawker 4000 Sabreliner 65 Hawker 400/A/XP Nextant 400XT ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 37 .

8 (18%) Indonesia (PF-) Papua New Guinea (P2) Myanmar (XY-.XZ-) Thailand (HS-) Philippines (PR-C) China (B-XXXX) Macau (B-MXX) Hong Kong (B-K/B-LXX) Taiwan (B-XXXXX) South Korea (HL) Japan (JA-) USA (N) FLEET REGISTRATIONS – ASIA PACIFIC 36 (82%) Japan 20 (95%) South Korea 1 (5%) 22 (19%) 43 (37%) 5 (4%) Hong Kong 1 (9%) 6 (55%) Macau 10 (59%) 6 (35%) Taiwan 247 (83%) 30 (10%) 1 (1%) 2 (1%) China Aircraft Base 1 (100%) Myanmar 34 (74%) 10 (22%) Philippines 2 (67%) Cambodia 24 (80%) 5 (17%) Thailand Brunei 28 (58%) 2 (4%) 1 (2%) Malaysia 3 (100%) Papua New Guinea 30 (65%) 12 (26%) Indonesia 31 (51%) 1 (2%) 1 (2%) Singapore % of Fleet 38 24% 5% 3% 1% 4% 34% ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 5% 3% 4% .

VQ-B) Singapore (9V) Brunei (V8) Malaysia (9M) Japan South Korea 11 (10%) 26 (23%) 2 (2%) 2 (2%) 1 (1%) 1 (1%) 1 (1%) Hong Kong 1 (9%) 2 (18%) 1 (9%) Macau 1 (6%) Taiwan 6 (2%) 9 (3%) 1 1 China 1 (2%) 1 (2%) Philippines 1 (33%) Cambodia Aircraft Base Myanmar 1 (3%) Thailand 3 (100%) Brunei 12 (25%) 1 (2%) 1 (2%) 2 (4%) 1 (2%) Malaysia Papua New Guinea 1 (2%) 1 (2%) 2 (4%) Indonesia 2 (3%) 7 (11%) 3 (5%) 4 (7%) 1 (2%) 2 (3%) 9 (15%) Singapore 2% 3% 5% 3% 1% ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1% % of Fleet 39 .Australia (VH-) New Zealand (ZK) Luxembourg (LX-) Malta (9H) San Marino (T7) Finland (OH-) Austria (OE-) Isle of Man (M-) Cayman Islands (VP-C) Bermuda (VP-B.

It is therefore advised to retain professional advice before entering into any transaction.Popular Aviation Registrations – Asia Pacific Characteristics Comparison Country of Registration Cost of Registering an Aircraft Time for Registration (Weeks) Effective Import Taxes Ease of Financing Sale Value New AC Type Crew Attractiveness Delay Licensing Internationally (Months) & Training International Operational Flexibility AUSTRIA Medium Short None Good Good Short Medium Medium BERMUDA Average Reasonable None Good Good Short Easy Reasonable CAYMAN ISLANDS Average Reasonable None Good Good Short Easy Reasonable CHINA Average Very Long Very High Mostly Local Medium Very Long Difficult Medium HONG KONG Expensive Very Long None Good Good Long Medium Medium INDONESIA Average Long High Restricted Low Reasonable Medium Low ISLE OF MAN Average Reasonable None Good Good Short Reasonable Reasonable JAPAN Expensive Long Medium Good Good Long Difficult Medium KOREA Medium Medium None Reasonable Good Reasonable Medium Medium MALTA Average Reasonable None Good Good Short Reasonable Medium MALAYSIA Average Reasonable High Mostly Local Good Medium Medium Medium PHILIPPINES Average Reasonable High Restricted Low Medium Difficult Reasonable TAIWAN Average Reasonable None Good Reasonable Long Medium Medium THAILAND Average Medium Medium Mostly Local Reasonable Reasonable Reasonable Reasonable USA Average Short None Good Good Short Easy Good Applicable tax rates & regulations may change without notice and vary depending on the structure of the transaction. the timing and place of entering into agreements. 40 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

Only Cessna. 35% and 63% respectively). 70 60 50 40 30 20 0 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 10 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 41 .8%) of business jets in Asia Pacific were manufacturer in 2005 or later. This then decreases with Korea (76%).FLEET AGE DISTRIBUTION – ASIA PACIFIC 744 Total 80 The vast majority (72. Japan (50%) and the Philippines (48%) illustrating the ages and business jet experiences of various markets. Thailand (57%). Indonesia (61%). Singapore (69%). The business jet fleet is very young in Greater China with 90% in Hong Kong and 80% in China being 10 years old or less. Boeing and Hawker have more than 30% of their fleet older than 10 years old in the region (35%.

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Age Distribution by OEM Airbus 24 in total 20 15 10 5 0 Boeing 30 in total 20 15 10 5 0 Bombardier 193 in total 25 20 15 10 5 0 Cessna 104 in total 20 15 10 0 42 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 0 30 20 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Dassault 57 in total 15 10 5 Embraer 44 in total 20 15 10 5 0 Gulfstream 225 in total 25 20 15 10 5 0 Hawker 60 in total 15 10 5 0 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 43 .

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Age Distribution by Region China 297 in total 40 35 30 25 20 15 10 5 0 Hong Kong 114 in total 20 15 10 5 0 44 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 0 10 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 0 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Japan – 44 in Total 10 5 South Korea – 21 in Total 10 5 Philippines – 45 in Total 10 5 0 10 Thailand – 30 in Total 5 0 Indonesia – 46 in Total 10 5 0 Singapore – 61 in Total 5 0 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 45 .

and consulting. With our Chinese parents from the mainland and ourselves born in Hong Kong. and advisory to a wide range of business jet owners and clients in the region. the company today is a key player in the market that is constantly on the rise. allowing us more flexibility in terms of business law and the operating environment.” said White. helping with insurance rates and fuel pricing. among others. the edge gives us a more international flavor when looking at the APAC region. charter. With this setup. 46 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . in additional to aviation. charter. Hongkong Jet is also embarking readily on aircraft sales as well. “We have 18 aviation companies under the parent company and with businesses that span multiple businesses such as shipping and hotels. With their services in aircraft management. “Hongkong Jet has many strengths. This is what gives us the competitive advantage.” White remarked. Hongkong Jet As the international business aviation arm of the conglomerate HNA Group which holds 17 AOC’s and over 400 jet aircraft. Hongkong Jet provides aircraft management. Co-led by the recently-joined industry veteran and COO Denzil White. maintenance.Denzil White COO. maintenance. we are able to leverage our operations with the economies of scale.

“You have an individual or company that wants to buy an airplane. at a certain level. congruence. White stressed that it does not help when a company has a safety expert providing safety .reliability. White felt that it “takes time for employees to trust and believe that when something happens. If you have the ability to develop the relationship with the right people. Local pilots are available but many of them are tied up with contracts with the airlines. and everyone gets to see and hear about it. If any one of those elements are not there. loss of safety is not just a loss of life . How do you get people to look at the safety model day in and day out? Safety needs to start at the top of the organization. It’s the foundation to any business in aviation. the business aviation industry is an emotional one.” said White. combined with far too many hindrances for owning a business jet such as the inflexibility of short notice flights or getting the approvals in China. Sadly. ” When asked about a non-punitive culture. “Expansions are good. who felt that the other major issue the industry faces is fuel pricing .While most players in the industry come into Hong Kong to try to penetrate into the Chinese market. lies trust. Hong Kong has by far the most expensive fuel in the region. All the regulations that may be unnecessary. It is a way of life. who continued. Hongkong Jet has recently expanded its operations by acquiring a share of Hawker Pacific. but they don’t walk the talk. that is bigger than what most airlines have. “Day by day. who believed that there are “four elements to trust . “If you’re a business jet. For this reason.it gets reported. “ According to White. ” More importantly. and they have been transmitted to Hongkong Jet as part of the DNA of the group. ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 47 .only to have the company’s senior management not cooperating for financial reasons. ” Today. acceptance.” said White. Hongkong Jet is poised to soar progressively higher in this rapidly growing region. they don’t get punished. As the international business aviation arm of HNA. White noted that this may never change unless there is some competition brought on to the business aviation terminal in Hong Kong. Though with that growth. “Hongkong Jet is very fortunately that its management is completely on board. and if they trust you. at the end of the day.” explained White. may defeat or undermine the purpose of traveling via a business jet.it is a loss of reputation. instead the goal is to find solutions. and in the end you have a choice of five airplanes that meet your mission requirements and do their jobs equally well. growing its business to FBO operations and services. who continued “As the industry has learned. “No matter how small the incident . We will enhance and continue to grow with a safety culture. for example. it is a loss of finances. trust vanishes.the industry here has had to hire foreign pilots for most flight crew positions. quality. Take the pilots for example . Typically. whose parent company SEACOR Holdings own approximately 33% of Hawker Pacific’s common equity. the infrastructure is not growing in parallel. then you get the business. openness. effectively undermining crucial safety initiatives. with a compound growth of roughly 35% percent annually. “ Beyond safety. and there is no reason for that.where currently. you’re paying about 50% higher than what the airlines pay for the same fuel. Their team of five in corporate safety. Take safety.” noted White. so that management leads the directors and the directors lead the rest of the team.” said White. According to White. Hongkong Jet has its ISBAO-2. unfortunately. who pointed out that if the market has 100 business jets parked at the HKBAC. With a bright spot on the horizon. Hongkong Jet can focus externally to diversify its client pool and businesses. but it all starts at the core values. it is an emotional decision which one you choose. the infrastructure development is far too slow to keep up with the growth of the industry. A lot of companies say they commit to safety. and is well on its way toward ISBAO-3. “The HNA group has sewn on very solid core values since its inception. the China market is growing very rapidly in terms of the number of business jets. Hongkong Jet has a unique position in that they were from China since the beginning. and effectively becoming a “cousin” of the Asian Sky Group. and security work around the clock to ensure the highest standards are met. and therefore becomes a part of the company’s lifestyle.

2014 Airbus 3 (3%) Boeing 7 (7%) Eclipse 1 (1%) Hawker 1 (1%) Cessna 8 (8%) Sabreliner 1 (1%) Embraer 10 (10%) Gulfstream 31 (32%) +97 Dassault 13 (14%) Bombardier 22 (23%) New Deliveries Pre-owned Deliveries Boeing 4 (5%) Airbus 3 (3%) Embrer 8 (9%) Gulfstream 30 (35%) Cessna 9 (10%) Dassault 10 (12%) Sabreliner 1 (2%) Embraer 2 (5%) Eclipse 1 (2%) Cessna 2 (5%) Gulfstream 13 (31%) Boeing 3 (7%) +87 +42 Hawker 5 (12%) Bombardier 23 (26%) Dassault 6 (14%) Deductions Dassault 3 (9%) Gulfstream 12 (38%) Cessna 3 (9%) Hawker 4 (13%) Bombardier 9 (22%) -32 Bombardier 10 (31%) 48 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .FLEET ADDITIONS – ASIA PACIFIC Net Additions .

Bombardier Global 6000 and Dassault Falcon 7X. Global 6000 -1 Gulfstream G550 Gulfstream G450 10 12 -4 Falcon 7X -1 3 7 2 5 Gulfstream G650 1 4 Challenger 870 2 6 3 Lineage 1000/E -1 Global 5000 1 1 4 Gulfstream G280 4 Citation XLS/+ 3 1 BBJ2 3 1 Hawker 400/A/XP 3 2 1 BBJ Hawker 800A/B/XP 2 Falcon 900LX 1 Citation Sovereign/+ -1 1 2 Citation Mustang 2 Challenger 800/850 2 Sabreliner 65 1 Learjet 35/A/36A 1 Global Express XRS 1 Gulfstream IVSP 1 Deductions New Deliveries Pre-owned 1 -3 4 Falcon 50 1 Falcon 2000S 1 Falcon 2000LXS 1 Eclipse 500 1 Citation X+ 1 Citation CJ4 1 ACJ330 1 ACJ320 1 ACJ319 1 -1 Learjet 60XR Falcon 2000LX -2 Challenger 605 -2 2 -1 Hawker 900XP -1 -2 Global Express -1 Citation CJ3 -1 -2 1 1 Citation VI/VII Challenger 601 1 2 Challenger 300 Hawker 4000 3 10 Legacy 600/650 Gulfstream G200 1 -5 1 -3 Note: Deductions were only counted for the Greater China Market.Net Additions Per Model – New vs Pre-owned 97 in total The most popular business jet models to be added to the Asia Pacific fleet in 2014 were the Gulfstream G550. G450. ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 49 .

8% and 8. Hong Kong and Singapore. 1 1 1 7 1 4 1 2 2 4 1 1 2 1 10 1 4 1 4 1 10 Global 6000 3 Legacy 650 5 5 Lineage 1000 1 1 Lineage 1000E 1 1 Total 48 18 2 1 12 2 8 3 3 2 1 1 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 1 1 87 .5% of total additions.2%. or 44. 24.2014 New Deliveries by Country and Aircraft Model 87 in Total ACJ319 Taiwan 1 Total 1 ACJ320 1 1 ACJ330 1 1 BBJ 1 BBJ2 1 1 1 Challenger 300 Challenger 605 Challenger 870 1 Citation Mustang 1 2 2 6 6 1 2 2 Citation X+ 2 1 1 3 3 Falcon 2000LXS 1 Falcon 2000S 1 Falcon 7X 6 Falcon 900LX 1 Gulfstream G280 4 Gulfstream G450 4 3 Gulfstream G550 8 2 Gulfstream G650 Global 5000 1 2 Citation Sovereign/+ Citation XLS/+ 3 1 Citation CJ4 50 South Korea Malaysia Macau Japan Thailand Philippines Indonesia Singapore Hong Kong China The large majority of 2014 business jet net additions in Asia Pacific were for aircraft based in China. representing 77.5% respectively.

2014 Pre-Owned Deliveries by Country and Aircraft Model BBJ Thailand Myanmar Macau Taiwan Philippines Japan Singapore Indonesia Malaysia China Hong Kong 42 in Total 2 Total 2 BBJ2 1 1 Challenger 601 1 1 Challenger 800 1 1 Challenger 850 1 1 Citation Sovereign/+ 1 1 Citation XLS/+ 1 Eclipse 500 Falcon 2000LX 1 Falcon 50 Falcon 7X 1 1 1 1 2 1 1 2 Falcon 900LX 1 Gulfstream G200 2 Gulfstream G450 2 Gulfstream G550 2 2 1 1 1 1 4 3 1 Gulfstream G650 3 2 Gulfstream IV-SP 2 1 1 Global 5000 1 1 Global 6000 1 1 Global Express 1 1 Global Express XRS 1 1 Hawker 400/A/XP 1 Hawker 800A/B/XP 1 3 2 Learjet 35/A/36A 2 1 Learjet 60/XR 1 1 1 Legacy 600 1 Lineage 1000 1 1 1 Sabreliner 65 Total 1 1 14 9 4 3 3 1 2 2 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 1 1 1 42 51 .

2014 Deductions by Country and Aircraft Model 32 in Total Hong Kong Challenger 300 China Taiwan 1 Challenger 601 Total 1 2 2 Challenger 605 1 1 Citation CJ3 1 1 Citation Sovereign/+ 1 1 2 Citation VI/VII 1 1 Falcon 2000LX 2 2 Falcon 7X 1 1 2 3 Gulfstream G200 1 Gulfstream G450 3 Gulfstream G550 3 Global 5000 1 1 Global 6000 1 1 Global Express 2 2 Hawker 4000 1 1 1 4 1 5 2 Hawker 900XP 52 Macau 3 1 Learjet 60/XR 1 Total 16 1 1 10 3 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 32 .

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i. In 2013 there was almost an insatiable. immediate demand for aircraft in Greater China.5% .5% in 2014 pulled down by lower fleet growth in China specifically and consequently. 72% and 64% for Airbus. Gulfstream and Bombardier respectively.GREATER CHINA GREATER CHINA – MARKET TRENDS In the context of the Asia Pacific region. The Greater China market is very much in decline. In 2013. When breaking the 2013 net numbers down even further versus 2014. These market drivers were: ● Austerity measures put in place by the Central Government in Beijing ● The introduction of a more clearly defined tax structure for business jets registered ● Operational and infrastructure issues like parking constraints in Hong Kong in China To these we can also now add: ● Spending fears linked to the on-going corruption ● The slowing pace of GDP growth in China crackdown by the Central Government In line with ASG’s predictions. not too surprisingly due to the dominance of the China market. The big change was therefore in the pre-owned deliveries. The net number of aircraft (new deliveries plus pre-owned additions minus deletions from the market) added to Greater China in 2014 was 59 in total versus 64 in 2013 and over 100 in 2012. recently delivered & low time pre-owned aircraft.e. With the austerity measures and corruption crackdown gaining steam through the course of 2014 however. directly impacting pre-owned aircraft sales. China represents 40% of the Asia Pacific fleet. with a vast majority of these sales being relatively new. new aircraft deliveries held up through 2014 (+21%) and even deletions decreased (-17%). The only way to meet this requirement was through more pre-owned aircraft sales. the Greater China business jet fleet at the end of 2014 represents the lion’s share of the installed fleet in the AsiaPacific region with 59% of the aircraft (439 in total). followed by Hong Kong with 15%. Dassault. 54 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . it is not too surprising that Hawker and Cessna have just over a third (32% and 37%) of their Asia Pacific fleet based in Greater China versus 83%. the Greater China fleet grew only 15. it was expected that the Greater China market would grow at 20% and reach 445 aircraft by the end of 2014. and Boeing doing very well at placing aircraft throughout the Asia Pacific region. In 2014 this number was just 28%. From an OEM’s perspective and whether their fortunes will rise or fall in the Asia Pacific region in the near future. buyer demand and sentiment declined. Taiwan 2% and Macau 1%. with Embraer having a large fleet in Indonesia to counter balance Greater China. 72%. Of note are Embraer and Boeing (57% and 39%). Compared to year-end 2013 however. market drivers did exactly as expected and 2014 saw growth in the Greater China market of only 15. Year-End 2014 Review In ASG’s 2013 year-end business jet fleet report. ASG also highlighted a number of market drivers that could end up influencing these numbers. Keeping in mind that the Greater China market is very much a large cabin / long range market. Individually. different manufacturers have very different dependencies on the Greater China market. the Greater China fleet portion of the total Asia Pacific fleet remained unchanged 2013 to 2014.a drop of 5% from the growth rate achieved from 2012 to 2013. pre-owned aircraft represented almost half the additions to the Greater China fleet.

in the dominating large size category and up. Gulfstream. there were only two OEMs that added more aircraft in 2014 than in 2013. This change in fortunes is directly attributable to the market drivers outlined above. Examining Greater China’s net growth further. see “Forecast for 2015”).0% versus 16. Falcon 7X and Global 6000. These were Boeing and Embraer. The top 4 aircraft models delivered in 2014 were the G550. only Falcon and Hawker saw increases and only Gulfstream saw their deletions increase. This is directly attributable to the opening up of the lower airspace across China which is in turn encouraged growth in the flight training sector.4%. Taiwan and Macau individually. the net business jet fleet growth for 2014 in China and Hong Kong were almost the same: 16. For pre-owned aircraft deliveries. All the other OEMs – Gulfstream. recognizing though that these OEMs also have amongst the smallest market shares in Greater China. Hong Kong.7% and Hong Kong at a mere 5. Cessna and Boeing all increased their deliveries of new aircraft into Greater China in 2014 (however. On the important topic of new aircraft deliveries. the G450. The only category which has seen a declining growth year on year 2012 through 2014 is the Medium size category. NET FLEET GROWTH 2012-2014 Per Aircraft Base 297 256 2012 2013 2014 202 93 98 114 14 11 11 China Hong Kong Macau ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 7 15 17 Taiwan 55 . Bombardier. Of note is also the small 2014 net growth in the Light and Very Light size categories. This represents a considerable change in the growth rate of these 2 key markets. Falcon and Airbus added less aircraft in 2014 than in 2013. In 2013.3%. Bombardier.GREATER CHINA Winners and Losers in 2014 If we look at China. China’s fleet grew at 26. All the other manufacturers either saw flat growth or delivered fewer new aircraft than in 2013.

Airliner 56 23 21 22 Long Range Large Medium ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Light 12 Boeing Net Fleet Growth 2012-2014 by Size Category 151 7 20 16 17 Very Light .GREATER CHINA Net Fleet Growth 2012-2014 by OEM 161 2012 2013 2014 142 123 117 111 92 41 38 34 35 31 25 19 28 20 19 16 14 8 Gulfstream Bombardier Dassault Cessna 18 20 4 Embraer Hawker Airbus 153 2012 134 2013 2014 122 103 91 63 58 54 39 20 28 Corp.

GREATER CHINA Net Fleet Growth by Models 2012-2014 – Top 40 Models 72 64 2012 52 2013 2014 52 46 33 30 25 23 22 22 21 20 19 17 17 11 10 16 14 13 9 13 13 12 12 9 5 5 1 Gulfstream G550 11 Gulfstream G450 13 Falcon 7X 11 10 8 55 4 10 7 8 10 Gulfstream G200 9 8 8 4 Challenger Citation XLS/+ 870 /Excel 2 Challenger 605 6 Falcon 900LX 9 7 6 3 Global Express Hawker 800/850 5 5 5 55 1 1 3 Citation Mustang CRJ200 VIP 5 8 8 8 9 Legacy 650 8 Citation CJ1/+ 7 7 8 7 2 ACJ319 4 4 4 4 4 Global 5000 3 Citation Sovereign/+ Learjet 35/36 1 3 Gulfstream G650 4 3 Hawker 900/XP A319ER 1 3 3 Legacy 600 Challenger 604 Global 6000 5 6 6 Challenger Global Express Lineage ACJ318 300 XRS 1000/1000E 5 4 4 4 4 4 4 1 6 4 44 Learjet 60/60XR BBJ Challenger 850 Gulfstream G280 3 3 4 Gulfstream Gulfstream V Hawker IV/IV-SP 400/XP/XTi 5 2 2 2 2 2 22 BBJ2 Citation II/Bravo Citation S/II ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 2 Falcon 2000LX 2 2 Falcon 900DX/EX 57 .

58 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 1 -1 2 2 -2 Citation Sovereign/+ -2 -3 1 -1 1 1 Citation Mustang -1 2 -1 -1 1 2 1 -2 Citation Excel -4 2 4 Citation CJ3 -3 1 -1 1 1 Citation CJ1 -2 2 5 5 Learjet 60/XR 3 4 Global Express XRS 6 Global Express 1 2013 Global 6000 2 1 2 -1 6 Global 5000 3 1 CRJ200VIP 2012 Challenger 870 13 Challenger 850 3 Challenger 605 2 Challenger 604 4 Challenger 601 1 17 Challenger 300 7 BBJ2 3 BBJ -1 1 ACJ330 3 ACJ320 2 ACJ319 1 ACJ318 Airbus 319VIP GREATER CHINA Net Fleet Change by Model 2012-2014 2014 7 8 4 1 3 -2 -2 -1 -1 .

1 1 -2 4 -4 -6 -6 -4 -5 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 -1 -1 -1 Gulfstream V 2 1 1 -3 2 2 -4 -2 -1 -2 Hawker 800 A/B/XP Hawker 900XP 1 1 1 Hawker 750 Hawker 4000 4 Hawker 400 /A/XP 2 Gulfstream IV-SP 3 Gulfstream G650 5 Gulfstream G550 9 Gulfstream G450 2 Gulfstream G280 4 Gulfstream G200 2 2 -1 Gulfstream G100 2 Phenom 300 5 Lineage 1000E 2 Lineage 1000 12 Leagacy 650 -1 2 1 Legacy 600 -5 7 Falcon 900LX 1 2 1 2 -1 -3 Falcon 7X 3 Falcon 2000 1 -1 Citation XLS/+ 1 -1 Citation X Citation VI/VII GREATER CHINA 14 11 12 19 3 22 12 59 .

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GREATER CHINA AIRCRAFT ADDITIONS AND DEDUCTIONS 2014 59 Net Additions 68 New Deliveries 26 Pre-owned 94 Additions -35 Deductions 59 Net Additions 2013 64 Net Additions 56 New Deliveries 50 Pre-owned 106 Additions -42 Deductions 64 Net Additions 2012 102 Net Additions 111 Additions -9 Deductions Net Additions ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 102 61 .

GREATER CHINA Net Additions in 2014 59 in total 7 -1 Falcon 7X -6 Gulfstream G550 11 7 -1 Global 6000 1 8 -5 Gulfstream G450 3 5 Legacy 650 4 Gulfstream G280 1 BBJ -1 Global 5000 2 3 1 3 Citation XLS/+ Hawker 800A/B/XP 2 BBJ2 2 Citation Mustang 2 Falcon 900LX 1 1 Lineage 1000 1 1 Lineage 1000E 2 Gulfstream 650 2 ACJ330 1 ACJ320 1 Challenger 850 1 Global Express XRS 1 Falcon 2000S 1 Hawker 400/A/XP -1 1 Learjet 60/XR -1 1 Citation Sovereign/+ -1 1 Citation VI/VII -1 Hawker 900XP -1 Challenger 300 -1 Citation CJ3 -1 Global Express -2 1 Falcon 2000LX -2 1 Challenger 605 -2 Challenger 601 -2 -3 Deductions New Deliveries Pre-owned 3 -4 Gulfstream G200 62 3 6 Challenger 870 Hawker 4000 2 -3 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

GREATER CHINA New Deliveries by OEM 2013-2014 25 2013 2014 3 2 19 16 10 14 9 8 8 5 2 Gulfstream Bombardier Dassault Embraer 1 Cessna Boeing MODEL 2013 2014 ACJ318 1 - ACJ319 1 - ACJ320 - 1 ACJ330 - 1 BBJ 1 1 BBJ2 - 2 Challenger 300 1 - Challenger 605 4 - Challenger 850 1 - Challenger 870 - 6 Global 5000 1 3 Global 6000 3 7 Citation CJ1 1 - Citation Sovereign/+ 1 - Citation Mustang - 2 Citation XLS/+ - 3 Falcon 7X 11 7 Falcon 900LX 2 1 Falcon 2000 1 1 Legacy 600 1 - Legacy 650 4 5 Lineage 1000/E 2 3 Phenom 300 1 - Gulfstream G280 - 4 Gulfstream G450 13 8 Gulfstream G550 5 11 Gulfstream G650 1 2 Total 56 68 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 Airbus 63 .

GREATER CHINA Pre-owned by OEM 2013-2014 2013 20 2014 17 9 6 4 1 1 Gulfstream 64 Bombardier Dassault 3 Hawker 5 2 2 Boeing 1 1 1 Embraer Cessna MODEL 2013 2014 ACJ318 1 - ACJ319 2 - BBJ 2 2 Challenger 604 3 - Challenger 605 3 - Challenger 850 5 1 CRJ200VIP 1 - Global 5000 3 1 Global 6000 2 1 Global Express 1 1 Global Express XRS 2 1 Learjet 60/XR - 1 Citation Sovereign/+ 2 1 Citation VI 1 - Citation X 1 - Citation XLS 1 - Falcon 2000LX - 1 Falcon 7X 1 2 Falcon 900LX - 1 Legacy 600 1 - Lineage 1000 - 1 Gulfstream G100 1 - Gulfstream G200 3 3 Gulfstream G450 6 3 Gulfstream G550 7 3 Hakwer 400/A/XP - 1 Hawker 800A/B/XP - 2 Hawker 4000 1 - Total 50 26 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 Airbus .

GREATER CHINA Deductions by OEM 2013-2014 2013 2014 15 11 11 10 9 4 Gulfstream Bombardier Hawker 6 3 3 3 Dassault Cessna 1 1 Airbus Embraer MODEL 2013 2014 ACJ318 1 - Challenger 300 - 1 Challenger 601 - 2 Challenger 605 4 2 CRJ200VIP 1 - Global Express 3 2 Global Express XRS 2 - Global 5000 - 1 Global 6000 1 1 Learjet 60/XR - 1 Citation CJ3 - 1 Citation XLS/+ 5 - Citation Sovereign/+ 1 1 Citation VI/VII - 1 Falcon 2000 3 - Falcon 2000LX - 2 Falcon 7X - 1 Lineage 1000 1 - Gulfstream G200 4 4 Gulfstream G450 6 5 Gulfstream G550 - 6 Gulfstream IV 1 - Hawker 750 4 - Hawker 800A/B/XP 2 - Hawker 900XP 2 1 Hawker 4000 1 3 Total 42 35 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 65 .

66 1 Challenger 300 2 111 111 1 11 11 11 Falcon 2000LX 11 Lineage 1000 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 22 25 2012 4 1 34 7 5 3 1 1 7 2012 2013 2014 34 40 45 8 8 7 1 2013 2014 6 2 3 Hawker 900/XP 22 Hawker 800/850 33 3 Hawker 4000 111 Hawker 4000 Gulfstream G550 8 Gulfstream V 67 1 2 2 1 Gulfstream G650 TAG Aviation Gulfstream IV-SP 33 3 Gulfstream G450 BAA 2013 57 Gulfstream G550 1 32 Gulfstream G200 1 2012 Gulfstream G450 111 Gulfstream IV 4 Gulfstream G200 32 Gulfstream G550 4 Falcon 900LX Gulfstream G450 Gulfstream G200 Falcon 900LX 18 21 20 Falcon 900LX 4 1 6 Falcon 900EX 111 Legacy 650 Falcon 2000S 7 Falcon 7X Global Express XRS Deer Jet Falcon 7X 444 111 Legacy 600 8 2 3 Lineage 1000E 1 2 Learjet 60/XR 111 Falcon 7X 1 Citation CJ1/+ 333 Learjet 60/XR 1 Global Express XRS 7 1 Global 6000 11 Global Express Global 6000 Challenger 605 BBJ 2 Global 6000 2 34 3 Global 5000 444 Challenger 850 22 Challenger 850 2 22 Challenger 605 1 1 ACJ320 ACJ319 A319ER 2 22 Challenger 605 22 ACJ319 ACJ318 111 Challenger 604 111 ACJ319 GREATER CHINA Fleet by Operator & Models – 2012-2014 2014 70 13 12 66 6 332 9 5 22 9 49 5 1 .

111 Global Express XRS 11 1 Jet Aviation 11 111 China Eastern 33 111 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Citation XLS/+ Legacy 600 Legacy 650 Lineage 1000 5 2 21 2012 7 11 2012 3 2013 22 2013 14 2 2013 2014 28 30 35 2 2 Gulfstream V Gulfstream IV-SP Gulfstream G550 Gulfstream G450 2012 44 Hawker 800A/B/XP 3 2 44 Gulfstream G650 11 Gulfstream G550 111 3 Gulfstream G550 11 Citation Sovereign /+ 3 Gulfstream G450 1 Gulfstream G200 11 Global Express XRS Metrojet Gulfstream G450 Global 5000 1 Gulfstream G200 Falcon 900LX 1 Gulfstream G200 1 1 Falcon 7X 1 111 Legacy 650 22 2 Global Express Challenger 850 Challenger 605 Challenger 604 11 Citation CJ3 1 1 Global Express 2 22 Global 6000 Global 5000 1 21 Falcon 2000LX 111 Challenger 300 1 Challenger 605 111 BBJ 3 Citation Sovereign /+ 1 1 ACJ318 ACJ318 GREATER CHINA 14 13 12 5 1 111 2014 30 8 8 8 1 4 2014 16 33 111 67 .

1 1 68 22 1 1 1 1 1 1 Gulfstream G450 22 Hongkong Jet ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2 China United 2012 7 7 17 Lily Jet 2012 8 1 111 11 2013 6 1 2013 18 11 2 Hawker 900/XP 6 Gulfstream G550 Gulfstream G450 2012 1 1 Hawker 4000 Lineage 1000E Gulfstream G280 1 Citation VI/VII Citation Bravo/II 555 1 Lineage 1000 3 Gulfstream G200 1 Global Express XRS 1 Global Express Falcon 2000 6 Gulfstream G650 1 Legacy 650 Falcon 900DX Minsheng Int’l Jet Gulfstream G550 1 Legacy 650 1 1 Falcon 7X 11 CRJ200VIP Citation Sovereign/+ 1 Global 6000 5 Global Express XRS 3 11 Global 5000 Challenger 870 3 3 Global Express 2 22 CRJ200VIP 2 Challenger 850 ACJ319 Citation XLS/+/Excel 1 Global 5000 11 Challenger 605 22 Falcon 7X 1 Challenger 605 Challenger 604 1 BBJ ACJ319 ACJ318 GREATER CHINA 2014 14 1 1 2014 13 5 11 2013 2014 11 12 4 11 2012 2013 2014 4 7 12 .

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 69 .

it may not be revised.GREATER CHINA FOREIGN AIRCRAFT OPERATION HIGHLIGHTS* IN CHINA Landing Slot Restictions Aerodrome – Specific Restrictions Beijing Capital Int’l Airport (ZBAA) No takeoff between 07:00 .05:59 Shanghai Hongqiao Airport (ZSSS) Not allowed to operate to/from the east / northeast direction between 07:00 .22:59 Shanghai Pudong Airport (ZSPD) between Guangzhou Baiyun Airport (ZGGG) 08:01 - Shenzhen Bao’an Airport (ZGSZ) 21:59 Jiamusi Hulumbuir Sponsor Letters Mudanjiang • Inviting company background info • Purpose of flight and visit Yanji • Passenger detailed info Beijing • Contact methods of the sponsor • Aircraft regulations Weihai • Flight number • Aircraft model • Full schedule Shanghai Chengdu Taipei Guangzhou Haikou Hong Kong Airport Restrictions China Landing Permit Regulations Jiamusi Dongjiao Airport (ZYJM) Not open except for Within China: Mudanjiang Hailang Airport (ZYMD) Russian registered Landing permit application to be subimitted 2 to 3 days in advance.09:59 Beijing Capital Airport (ZBAA) No double Only one slot avialable 06:00 . One permit may only contain 6 sectors.23:59 Shanghai Hongqiao Airport (ZSSS) movement No takeoff & landing between 00:00 . Once submitted. For domestic flight operations: A Chinese navigator must be arranged beforehand Both government and sponsor letter are needed *information provided by AsBAA 70 At least 7 working days are required to apply. ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . Hulunbuir Hailar Airport (ZBLA) aircraft Yanji Chaoyangchuan Airport (ZYYJ) Not open except for Mudanjiang Hailang Airport (ZYMD) South Korea registered Weihai Dashuibo Airport (ZSWH) aircraft Landing permit application cannot be changed more than twice.

willing operators and willing financiers in 2015 should provide a small measure of positive outlook for the market. this will not be the case in 2015. even though these leasing companies have historically been large buyers of new aircraft. However.4% 211 +20. the relatively favourable exchange rate. ASG is still predicting the Greater China market to slow overall in 2015 and growth to be in the area of just 10%. this was the end result from orders placed in 2012 and 2013. These new aircraft will in particular present significant market challenges to Gulfstream and Bombardier throughout the year as both these OEMs and leasing companies compete for the same base of dwindling potential buyers.8% 500 480 439 +42. new aircraft deliveries slightly increased in 2014. between the 5 main Chinese business jet leasing companies.3% +41. 2015 will see a decline in new deliveries as OEM sales in Greater China declined in 2014. Of note and a harbinger for deliveries beyond 2015. all of the market drivers noted earlier in this report will remain throughout the year and continue to negatively influence buying sentiment in the Greater China market. No of Aircraft Growth Rate % +49. As noted earlier. Additionally a major influence on new aircraft deliveries by OEMs in 2015 will be the existing backlog with the Chinese leasing companies. ASG also expects pre-owned activity to remain low and deductions to increase as more and more owners either sell their existing aircraft or move them out of the region. For one. combined with willing sellers.5% 118 +9. But whereas 2014 was propped up by new aircraft deliveries from the OEMs. By ASG’s estimation.33% 10% 92 100 65 0 0 2007 2008 2009 2010 2011 2012 2013 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 2014 2015 71 .GREATER CHINA FORECAST FOR 2015 The forecast for 2015 for the Greater China market is dire indeed. All things considered through. they are unlikely to place any new orders in 2015.5% 380 400 40% 316 +28. there exists roughly 30 new aircraft either delivered and unsold or due to be delivered in 2015 hanging over the market.3% 300 50% 30% +25. The potential silver lining is that while the combined effects of slowing GDP and the government’s austerity / anticorruption measure have weighed heavily on the Greater China market in 2014.3% 200 148 20% +15.

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Malaysia ACJ318/319/320 ● ● HNA Aviation Technik Haikou. USA Bangalore. China ACJ318/319/320 ● ● TAECO Xiamen. China ACJ318/319/320 ● ● ● ● STAECO Jinan. France Miami. China Toulouse. Florida. India ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 73 .SUPPORT INFRASTRUCTURE Airbus Maintenance Service Centres in Asia Pacific Facility Location Aircraft Model Line Maintenance Heavy Maintenance Beijing Support Centre Beijing. China ACJ318/319/320 ● ● HAECO Hong Kong ACJ319/320 ● ● Training Centres Worldwide Hamburg. Germany Beijing. China ACJ318/319/320 ● ● ● Spare Parts Refurbishment ● China Eastern Technik Shanghai. China ACJ318/319/320 ● AMECO Beijing. China ST Aerospace Singapore ACJ318/319/320 ● ● Sepang Engineering KL. China ACJ318/319 ● STARCO Shanghai.

USA Incheon. China BBJ TAECO Xiamen. China BBJ STAECO Jinan. USA Mexico City. USA Istanbul. Turkey Casablanca. Florida. Australia Sydney. Australia 74 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Buenos Aires. Georgia. China BBJ/BBJ1/BBJ2 ● SMECO Chengdu. Washington. UK Seattle. Australia Melbourne. China BBJ/BBJ1/BBJ2 ● Boeing Shanghai Service Shanghai. Mexico Singapore Brisbane. China BBJ/BBJ1/BBJ2 ● ● ● AMECO Beijing. Morocco Atlanta. Argentina . South Korea Miami.Boeing Maintenance Service Centres in Asia Pacific Facility Location Aircraft Model Line Maintenance Heavy Maintenance Spare Parts Beijing Service Centre Beijing. China BBJ/BBJ1/BBJ2 ● ● STARCO Shanghai. China BBJ ● Refurbishment ● ● HAECO Hong Kong BBJ/BBJ1/BBJ2 ● Jet Aviation Singapore BBJ/BBJ1/BBJ2 ● ST Aerospace Singapore BBJ/BBJ1/BBJ2 ● ● ● ● Training Centres Worldwide London Gatwick.

Global ● Airworks Mumbai. CL604/605. CL300. USA Houston. CL604/605. CL604/605.Bombardier Maintenance Service Centres in Asia Pacific Facility Location Aircraft Model Line Maintenance Heavy Maintenance Spare Parts Refurbishment ● ● ● Bombardier Service Centre Singapore Learjet. Challenger and Global ● Shanghai Hawker Pacific Shanghai. Netherlands Montreal. USA Toluca. India L60. China L60. L60. China Global ● ExecuJet Haite Tianjin. Texas. CL800. UAE Morristown. China CRJ200. L60 ● ● ● Training Centres Worldwide Amsterdam. Mexico ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 75 . Malaysia L60. CL300. CL604/605. CL300. UK Dallas. Global ● ST Aerospace Singapore L40/45. USA Dubai. Texas. Global ● JAMCO Sendai. CL800. Japan Global ● Jet Aviation Hong Kong CL604/605. Global ● Jet Aviation Singapore L40/45. Canada Burgess Hill. Global ● STAECO Jinan. New Jersey. West Sussex. CL604/605. Global ● ExecuJet Malaysia KL. Global ● ● Metrojet Hong Kong CL300. CL604/605.

Mustang. X ● ● Okayama Air Service Okayama. USA Riyadh. Sovereign ● ● SR Aviation Kuala Lumpur Cit CJ. Alaska. Sovereign. Belgium British Columbia. USA Zurich. USA Kapolei. Mustang. Switzerland Seosan. Sovereign. CJs. Hawaii. USA Antwerp. X ● ● Shanghai Hawker Pacific Shanghai. USA ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . India Cit II. USA Bend. Sovereign ● ● ● ● Beijing. X ● ● Airworks Mumbai. Mustang. China Cit XLS. South Korea Creswell. Saudi Arabia Sydney . CJs (except CJ4) ● Facility Location Aircraft Model Cessna Service Centre Singapore Beijing Dingshi GA Training Centres Worldwide Fairbanks. Oregon. XLS. Canada Hradec Kralove. Oregon. USA Snohomish. Washington. Hawaii USA Maui. Japan Cit 500s. Oregon. China Cit XL. Thailand Cit X. Australia 76 Gig Harbor. Sovereign ● ● Jet Aviation Singapore Cit X ● Mjets Bangkok. Washington. Czech Republic Aurora.Cessna Maintenance Service Centres in Asia Pacific Line Maintenance Heavy Maintenance Spare Parts Refurbishment Cit Mustang.

F900s Airworks Mumbai. China F7X. West Sussex. USA ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Teterboro. Delaware. USA Wilmington. India F900s TAJ Air Mumbai. F2000s. F2000EX EASy Siddhartha Logistics Co Pvt Ltd Mumbai. Ohio. F900s ● Hawker Pacific Asia Singapore All Falcon products ● Dassault Business Services Beijing. USA Whippany. Texas. United Arab Emirates Dallas. China All Falcon products Jet Aviation Hong Kong F7X. New Jersey. France Dubai. Arkansas. India F2000EX. F2000s. UK Colombus. USA Little Rock. New Jersey.Dassault Maintenance Service Centres in Asia Pacific Line Maintenance Facility Location Aircraft Model Shanghai Hawker Pacific Shanghai. USA 77 . USA Merignac. India All Falcon products Heavy Maintenance Spare Parts Refurbishment ● ● ● ● ● ● ● ● ● Training Centres Worldwide Chichester.

Legacy 600/650 Indamer New Delhi. India Phenom 100/300. China Legacy 600/650. Brazil 78 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . China All Embraer Models STAECO Jinan.Embraer Maintenance Service Centres in Asia Pacific Facility Location Aircraft Model Embraer China Services Beijing. India Legacy 600/650. China Legacy 600/650. USA Houston. France Dallas. Lineage 1000 China Eastern Shanghai. Louis. Texas. Texas. Legacy 600/650. USA Long Beach. Missouri. USA Sao Paulo. USA Atlanta. Lineage 1000 Phenom 100/300. Indonesia Legacy 600/650 Airworks Mumbai. China Legacy 600/650 Metrojet Hong Kong Legacy 600/650. USA St. Georgia. L1000 Line Maintenance Heavy Maintenance ● ● Spare Parts Refurbishment ● ● ● ● ● ● ● ● ● ● ● Training Centres Worldwide Paris. Lineage 1000 ExecuJet Haite Tianjin. California. Lineage 1000 Hawker Pacific Asia Singapore WJA Aviation Jakarta.

UK Colombus. G450. Japan STAECO Jinan. Georgia. West Sussex. G500/G550 G100. G450. G500/G550. G450. G200. G100. G150. G150. Ohio. G450. G300/G400. G200. G550. Texas. GIV/GIV-SP. G100. China G200. G300. G550 GV. USA Hong Kong Long Beach. G650 GIV/GIV-SP. G150. G300/G400. GIV/GIV-SP. G200. Delaware. California. G500/550. GIV/GIV-SP. G650 GV. India JAMCO Sendai. GV G300/G400. G100. USA Dallas. USA Haikou. USA Wilmington.Gulfstream Maintenance Service Centres in Asia Pacific Facility Location Aircraft Model Gulfstream Service Centre Beijing. G280. GV G450 Line Maintenance Heavy Maintenance Spare Parts Refurbishment ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Training Centres Worldwide Chichester. G500/G550. USA Savannah. G350. China Metrojet Hong Kong Jet Aviation Hong Kong Jet Aviation Pte Singapore Airworks Mumbai. G450. GIV/GIV-SP. G200. G300/G400. China ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 79 .

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FIXED-BASE OPERATORS (FBO) – ASIA PACIFIC KBAS Flightrans Jet AVJET Asia AA Corporation Beijing C-jet FBO Seoul Shanghai Hawker Pacific Business Aviation Centre Premier Gate Business Aviation Shanghai Eva Sky Jet Centre Taiwan Taoyuan Business Aviation Centre Macau Business Aviation Centre Hong Kong Taiwan Macau Deer Jet FBO Haikou Sanya Bangkok MJets IASS Tokyo Executive Aviation FBO Win Air Business Jet FBO Hong Kong Business Aviation Centre Deer Jet FBO Royal Skyways Jet Aviation ASE Handling Universal Aviation Wings Over Asia Kuala Lumpur Hawker Pacific Asia Singapore Jarkarta Bali ExecuJet Indonesia AeroHandlers SkyPark Malaysia IndoAsia Ground Services Nusantara Aviation Services Smooth Route ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 81 .

82 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

Ltd. aircraft management agreement. registration. LaserLine Lease Finance Corporation Minsheng Bank ICBC Bank of China (BOC Aviation) Industrial Bank China Development Bank China Merchants Bank Agriculture Bank of China Changjiang Leasing AVIC Leasing Shanghai Guojin Leasing Anbang Insurance China Huarong Financial Leasing CITIC Futong China Trust Chailease Finance ITC-Leasing. industry experts and specialists in both the legal and commercial aspects of transactions will be needed to scrutinize each transaction as to ensure that seller or buyer’s legal interests are best protected and the best commercial terms are obtained. ASG will liaise with top law firms should legal services be required. Aircraft transactions are complicated and involve a sizable number of documents. Office Location International International International International International International International International International International International International China China China China China China China China China China China China China Taiwan Taiwan Japan Japan Finance Lease ● ● ● ● ● ● ● ● ● ● ● ● ● ● Operating Lease ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Legal Firms Involving an experience lawyer or law firm in the early stages of an aircraft sales and purchase is key to minimize both costs and potential problems relating to the aircraft for the long run.A. Lee and Li Tsar & Tsai Law Firm Shook Lin & Bok Anderson Mori & Tomotsune Nagashima Ohno & Tsunematsu Nishimura & Asahi Squire Sanders Bae. and all specification. N. Inc. Kim & Lee Kim & Chang Region China China Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Taiwan Taiwan Indonesia Japan Japan Japan Japan Korea Korea Law Firm Lee & Ko Yulchon LLC Yoon & Yang LLC Appleby Bedell Cristin Carey Olsen Conyers Dill & Pearman Harney Westwood & Riegels Maples and Calder Mourant Ozannes Walkers SyCip Salazar Hernandez & Gatmaitan Hogan Lovells Milbank Watson Farley & Williams Siam Premier ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Region Korea Korea Korea Offshore Offshore Offshore Offshore Offshore Offshore Offshore Offshore Philippines Singapore Singapore Singapore Thailand 83 .. and thereby ensure a smooth transaction both legally and commercially.Financing Institutions Name GE Capital CIT BNP Paribas UBS Citi Bank Bank of America Credit Suisse Goldman Sachs Global Jet Capital SMBC Aviation Capital WellsFargo Bank Northwest. Due to the unique nature of aircraft transactions. and importation documents. including sales and purchase agreement. Law Firm King & Wood Mallesons Run Ming Law Offices Clifford Chance Clyde & Co Holman Fenwick William Mayer Brown JSM Stephenson Harwood William K K Ho & Co. financing agreement. just to name a few. Sumitomo Mitsui Finance and Lease Co.

Switzerland Delta Interior Design Sirone. China Basel. South Holland. France Sabena Technics Bordeaux. Germany Kvand Aircraft Interiors Moscow. France ST Aerospace Paya Lebar. Italy Haeco Private Jet Solutions Amac Aerospace Jet Aviation Management Xiamen. Russia SR Technics Zurich.INTERIOR COMPLETION CENTRES WORDWIDE Fokker Air Services Papendrecht . Singapore Flying Colours Corp Singapore 84 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . Netherlands Lufthansa Technik Hamburg. Switzerland Airbus Corporate Jet Centre Toulouse. France JCB Aero Auch.

OK. USA Dassault Falcon Jet Little Rock. MO.Standard Aero. NE. USA Duncan Aviation Hillaero Modification Lincoln. USA Melbourne. WI. US Waco. Louis. TX. TX. CA. New Zealand ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 85 . USA Gulfstream Service Centres Standard Aero. USA Comlux Completion USA Peterborough. Ontario. Canada Greenpoint Technologies Innotech Aviation Kirkland. USA Flying Colours Corp St. Associated Air Centre Gulfstream Completion Centre Springfield. IL. USA Altitude Aerospace Interiors Auckland. Canada Cessna Completion Centre PATS Aircraft Systems Wichita. Associated Air Centre Embraer Completion Centre Sao Paulo. DE. Brazil Dallas. GA. USA L-3 Platform Integration Gulfstream Completion Centre Brunswick. QC. USA Cascade Aerospace Flying Colours Corp Indianapolis. FL. KS. IN. USA Bombardier Aerospace Appleton. KS. QC. USA GDC Technics San Antonio. USA Bizjet Tulsa. WA. TX. AR. USA Jet Aviation Management St. USA Gulfstream Completion Centre Embraer Completion Centre Long Beach. USA Montreal. USA Gulfstream Completion Centre Savannah. Canada Wichita. GA. USA Georgetown. Louis. Canada Montreal. USA Bombardier Aerospace Abbotsford. MO.

YAK-42 L-3 Platform Integration Boeing 707/737/747/757. Learjet. Lineage 1000 and CRJ200 Sabena Technics Airbus. Astra / Westwind Elliott Aviation Hawker. Hawker. Embraer. 737NG. Boeing 737CL. Airbus ACJ. Hawker Kvand Aircraft Interiors Tu-134. Airbus A330/340/380 Bizjet Boeing BBJ. Falcon. Global 5000/6000. 787 and Airbus ACJ. Learjet Dassault Falcon Jet Falcon Embraer Completion Centre Legacy 600/650. 767. A380. Airbus ACJ Family and Gulfstream Cascade Aerospace Boeing Comlux Completion USA Boeing BBJ and Airbus ACJ Family Duncan Aviation Falcon. Bombardier Flying Colours Corp Challenger. Lineage 1000 and Phenom 100/300 Gulfstream Service Centres Gulfstream Cessna Completion Centre Cessna Independent Completion Centres 86 NAME AIRCRAFT CAPABILITIES Aeria Luxury Interiors Boeing and Airbus Altitude Aerospace Interiors Boeing BBJ and 787 Amac Aerospace Boeing 747/777/787. Associated Air Centre Boeing BBJ and Airbus ACJ. A340. Gulfstream. ATR. A330. Citation. Gulfstream. Challenger. A340 Greenpoint Technologies Boeing BBJ Haeco Private Jet Solutions Boeing BBJ and Airbus ACJ Hillaero Modification Centre Learjet. 747. Gulfstream ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . Embraer and Fokker SR Technics Airbus A320. TU-154B. Pilatus. Falcon. MD11. King Air. Learjet. Cessna Citation Fokker Air Services Airbus ACJ family GDC Technics Boeing BBJ. King Air. A330. Beechjet. 737NG. Bombardier. Global.OEM Completion Centres NAME AIRCRAFT CAPABILITIES Airbus Corporate Jet Centre Airbus ACJ Family Bombardier Aerospace Bombardier. Bombardier. Citation. Lockheed Lufthansa Technik Airbus ACJ Family. Gulfstream. Hawker. YAK-40. 767. Hawker. Boeing 737NG and MD11 ST Aerospace Boeing BBJ and Airbus ACJ Standard Aero. 787 PATS Aircraft Systems Boeing BBJ. 777. M. Diamond. 737CL. Challenger. Beechjet. Falcon Jet. 727. TBM. Meridian and Westwind Innotech Aviation Bombardier JCB Aero Boeing BBJ (B737 series) and Airbus ACJ (A320 series) Jet Aviation Management Boeing BBJ. Boeing. Falcon. Airbus A310/340. Hawker.

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CHARTER AIRCRAFT AVAILABILITY – ASIA PACIFIC South Korea 2 China 41 Macau 2 Thailand 19 Hong Kong 11 Philippines 1 Malaysia 3 Singapore 19 Indonesia 17 88 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 Japan 7 .

Charter Aircraft Availability by Model China Hong Kong Macau Indonesia ACJ318 Japan Malaysia Philippines Singapore Thailand 1 ACJ319 1 BBJ 1 2 Total 1 1 2 1 1 Boeing 727-100 Challenger 300 South Korea 5 1 1 2 2 Challenger 601 1 1 Challenger 604 2 Challenger 605 2 1 Challenger 850 4 1 Global 5000 1 1 1 3 Global 6000 1 1 1 3 Global Express 1 Global Express XRS 2 2 1 1 5 5 1 1 1 4 Learjet 24 1 1 Learjet 35/A/36A 2 2 Learjet 45/XR 1 1 Learjet 60/XR 1 1 Citation Bravo 2 2 Citation CJ3 1 1 Citation Mustang 2 2 Citation V 3 3 Citation X Citation XLS/+ 1 1 1 Citation Sovereign/+ 1 Citation VI/VII CRJ200 VIP 1 1 1 1 1 2 Gulfstream G300 5 Gulfstream G550 9 4 1 1 1 7 2 13 2 2 1 1 Gulfstream IV-SP Gulfsream V 1 1 8 1 1 Gulfstream G650 Gulfstream V 1 2 1 Gulfstream G450 2 1 Gulfstream G150 Gulfstream G200 1 1 2 1 1 Legacy 600 3 3 3 2 4 Lineage 1000 1 1 Phenom 300 1 1 Legacy 650 2 Falcon 2000LX Falcon 7X 1 1 1 1 Hawker 400/A/XP Hawker 800A/B/XP Hawker 850XP 1 2 1 Hawker 900XP 2 2 5 2 3 4 4 Premier I/IA 1 Sabreliner 65 1 Nextant 400XT 1 Total 2 41 11 2 17 7 3 1 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 17 1 1 1 2 19 120 89 .

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PRE-OWNED AIRCRAFT FOR SALE – GLOBAL AVAILABILITY Pre-owned Business Jet – % of Fleet for Sale 11 % 10% Hawker Bombardier 9% Gulfstream Embraer 8% Dassault Cessna Boeing 7% Airbus 6% 5% Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Pre-owned Business Jet for Sale – Average Days on Market 700 650 600 550 Boeing Cessna 500 Hawker 450 Airbus Bombardier 400 Embraer 350 Dassault 300 Gulfstream 250 200 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Source: Jetnet ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 91 .

Airliner Long Range Nextant 400XTi Phenom 100E CIT M2 Large HondaJet Medium CIT Mustang Light Eclipse 550 11 G650 Global Express XRS G450 Legacy 650 7 22 G550 Lineage 1000E 10 3 ACJ319 BBJ 2 14 13 44 BBJ 3 ACJ320 Very Light 1000 2000 3000 4000 5000 6000 7000 8000 Max Range (N. plus yearly operating cost +25% to account for regional differences 92 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .M.AIRCRAFT MODELS POSITIONING Aircraft Total Yearly Cost vs Maximum Range 20 19 18 17 16 16 15 ACJ321 BBJ ACJ318 12 Global 6000 11 G IV SP 9 CL 890 CS 88 G350 Total Yearly Cost (Million USD/Year) Global 5000 CL 870 CS F 900LX G650ER CL 850 5 CIT XLS+ L 75 L 45XR CIT Excel CIT Ultra CIT VII CIT Encore+ H 400XP Beechjet 400A CIT Bravo Diamond 1A Premier IA CIT CJ3+ Phenom 300 CIT CJ2+ SJ30-2 CIT CJ1+ GV Global Express G IV G300 H 4000 CIT Sovereign H 900XP H 850XP F 7X F 900EX F 2000LXS F 2000LX CL 605 CL 604 Legacy 600 F 2000S CL 350 CL 300 6 G280 F 2000EX F 50EX CIT X+ CIT Sovereign+ G150 H 800XP G100 H 800 L 60XR Astra SP L 70 L 40XR CIT CJ4 G200 Corp.) Note: Yearly Cost estimated includes Conklin & Decker 2014 industrial cost figures for new aircraft acquisiton cost + 5% ÷ 10 Years.

Recent & Upcoming Aircraft Models By Maximum Range 8000 7000 Maximum NBAA FR Range (NM) G650ER Recently Delivered Global 7000 Global 8000 Upcoming Falcon 8X G600 6000 Falcon 5X G500 5000 Challenger 650 4000 Citation X+ Citation Longitude Challenger 350 3000 Citation Latitude Legacy 500 Learjet 70 2000 Legacy 450 Learjet 75 PC-24 Citation M2 1000 HondaJet 0 2014 2013 2015 2016 2017 2018 2019 2020 Expected First Delivery Year By Cabin Volume 3000 Recently Delivered Global 7000 2500 Upcoming Global 8000 Cabin Volume (ft ³) G650ER G600 2000 Falcon 5X G500 Falcon 8X 1500 Legacy 500 Challenger 350 Challenger 650 1000 Citation Longitude Citation Latitude 500 Learjet 70/75 Citation X+ PC-24 Legacy 450 HondaJet 0 2013 Citation M2 2014 2015 2016 2017 2018 2019 2020 Expected First Delivery Year ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 93 .

722 pounds. Other possibilities among 94 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .67-foot cabin. at 6. The three extra feet available in the Falcon 8X cabin can accommodate much more living space. Dassault’s new flagship.Paris.000 feet.90 Mach. and make short. the space is highly configurable to meet the needs of each owner or operator. One can opt for a comfortable three-lounge cabin with a shower aft and crew rest provisions forward. As a trijet. and the new wing architecture lightens the wing and provides more space for fuel. or even go for a shorter entryway to add yet more lounge space. which is FalconCabin HD+ equipped and WiFi capable. Complete connectivity is possible within the cabin.M. with a range of 6. the wireless media server with vast iTunes video and music capacity. the Falcon 8X. Flying at a maximum altitude of 51. The FalconCabin HD+ cabin management system gives passengers control over their environment from anywhere in the cabin through their Apple devices. and the air quality high. Best of all.450 N. is also available as an option. stable approaches on landing. The PW300 series engines deliver more pounds of thrust per each pound of fuel. its maximum speed is Mach 0. is an ultra-long range jet that puts city pairs such as Hong Kong . the largest in the Falcon fleet. The trijet is powered by Pratt and Whitney Canada turbofans which. London . The operating cost of the Falcon 8X is 35% lower than its competitors. The Falcon 8X offers a choice of 30 layouts in its 42.Cape Town. and Los Angeles .UPCOMING AIRCRAFT PROFILE UPCOMING AIRCRAFT PROFILE DASSAULT FALCON 8X Currently in development. Noise and cabin altitude are kept low. resulting in a reduction of NOx emissions that will rank 30% lower in the Falcon 8X than even the strictest of today’s standards. the Falcon 8X will shorten transoceanic routes.Beijing within reach. deliver 5% more thrust. Skybox.

17 ft / 1.450 N.90 POWERPLANT P&W Canada MAX OPERATING ALTITUDE 51. even in low visibility conditions.000 lb / 18.722 lb / 29.29 m 3 x PW307D 6. lie-flat crew quarters and a truly grand galley for multiple meals.the 30 different cabin layouts include a large entryway with spacious.46 m Height 26. an optional feature.94 m Width 86.545 m EXTERNAL Length 80. GENERAL Typical Capacity 8 passengers / 3 crew PERFORMANCE Max Range 6.113 kg Max Zero Fuel Weight 43.000 lb / 33.695 ft³/ 48 m³ WEIGHT Max Takeoff Weight 73.598 kg ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 95 .2 ft / 24. The cockpit also features the Honeywall next generation 3D color weather radar system with enhanced turbulence detection capability.945 km Mmo M 0. integrates enhanced and synthetic vision to optimize situational awareness.34 m Cabin Height Cabin Volume 6. A wide-screen.67 ft / 13 m Cabin Width 7. The totally redesigned cockpit is equipped with an EASy flight deck. / 11.M. head-up display.88 m 1.67 ft / 2.1 ft / 7.9 kN INTERNAL Cabin Length 42.000 ft / 5.75 ft / 26.

96 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

org . We are a member of IBAC and affiliated with NBAA.Your Association Needs YOU! As young kids we all thought we could be super heroes. For more information about us and how to join. AsBAA is a non-profit driven Asia focused Business Aviation association founded in 2000. visit our website: www. At AsBAA we help our members to become exactly that.AsBAA. Get in touch with us today.org or send an e-mail to: info@AsBAA.

arising out of use. either direct or indirect.com STRATEGIC PARTNER . 16 Harcourt Road Admiralty. Far East Finance Centre.asianskygroup. reliability. either expressed or implied.The information contained in this report is provided free of charge for reference only. ASG makes no warranties. While such information was compiled using the best available data as of December 2014. or reliance on any information contained within this report. ASIAN SKY GROUP THANKS TO Suite 3905. concerning the accuracy. reference to. Hong Kong Telephone +852 2235 9222 Facsimile +852 2528 2766 www. or suitability of such information. and expressly disclaims any and all liability for damages of any kind. completeness. ASG is not responsible for.