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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
mentioning the source as: “Asian Sky Group, a Hong Kong based business aviation consulting group”.
Thank you for your interest in this report. We hope you'll find the information useful. If you would like to
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 .

• If the Greater China market is any indication of the overall pre-owned market activity levels in the whole Asia Pacific region. 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. being G450s and G550s. The report focuses on “net” additions of aircraft into in the Asia Pacific region as of year-end 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. Singapore & Indonesia. 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. As is always the case. • Indonesia is where Embraer has had the most success outside of China. as China goes. There are 9 Legacy aircraft in Indonesia and the first Phenom 300s. Malaysia. aircraft sales activity levels dropped off dramatically in 2014 to almost half of those in 2013. This is due to the fact that China represents almost 50% of the market. The report provides an important overview of the performance of each Original Equipment Manufacturer (OEM). So one can interpret that business confidence levels in China are down while up across South-East Asia. Net additions is defined as new aircraft plus pre-owned aircraft deliveries less the aircraft which exited the market throughout the year. • The Philippines is a Medium and Light aircraft size category market thus dominated by Cessna and Hawker. and • Normally. Those “other countries” in the region are primarily Thailand. pre-owned sales and acquisition market activity. Challengers and Globals. at the other end of the spectrum. and is ultimately also a gauge of regional and per country business confidence levels. • 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. • Thailand seems to be either a Long Range Gulfstream market or. 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. so does the Asia Pacific region. which grew at the same rate as China in 2014. • Japan is Cessna’s largest market outside of China and it has Gulfstream’s largest fleet of G650s in the Asia Pacific region. there are inevitably other typical factors and market influences to consider. ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 3 . or deductions. as usual. 2014 was a challenging year for China which consequently has allowed others countries in the region to shine and demonstrate their continuing strong performance. a Light Cessna and Hawker market. Hopefully. However. but is probably one of the oldest fleets in Asia Pacific.

24. Out of those. or 44. However. ● In 2014.2%) of business jets in the Asia Pacific were manufacturer in 2005 or later. ● Out of the 18 countries and territories. there were 15% more business jets based in the Asia Pacific region than in the previous year. Singapore. Dassault and Hawker follow with a 14%. 87 were new deliveries from OEMs.5% respectively. 16 are based in China or Hong Kong. Bombardier and Dassault combined contribued 70. 24.6% of all the additions with 33. Hong Kong and Singapore. Dassault 29. Hong Kong and Indonesia had a higher than average addition of jets with 22%. ● Nearly 60% of the Asia Pacific business jet fleet consists of large or long range category aircraft largely positioned in China.2%. by aircraft number. China. 16%. 42 were pre-owned aircraft and 32 were relocated out of the region. G450.8% and 12. Gulfstream. ● Pre-owned aircraft represented almost half the additions to the Greater China fleet in 2013. ● The USA registration (N prefix) is preferred in almost every country in Asia Pacific – representing 24% of all business jets in the region. Cessna. ● The net number of aircraft additions in Greater China in 2014 was 59 versus 64 in 2013 and over 100 in 2012. growing from 647 to 744 aircraft. representing 77. 90% in Hong Kong and 80% in China are younger than 10 years old. 16% and 15% respectively. ● Gulfstream and Bombardier continue to dominate the Asia Pacific business jet market with 30% and 26% of the fleet.3%. ● The most popular business jet models added to the Asia Pacific fleet in 2014 were the Gulfstream G550.8% and 8. ● The majority of 2014 net additions were for aircraft based in China.4%.4% shares respectively. ● Out of 97 net additional aircraft in the region.5% of total additions. Embraer 29. Bombardier Global 6000 and Dassault Falcon 7X. ● The vast majority (72. 4 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .4% and Gulfstream 20%. 8% and 8% market share respectively. Hong Kong and Singapore.5%. Boeing increased its net Asia Pacific fleet by 30.Key Findings ● At the end of 2014. ● The top-20 operators in the Asia Pacific operate 51% of the entire business jet fleet. this number was only 27% in 2014. ● The Greater China business jet fleet represents 59% of the aircraft (439 in total) in the Asia Pacific 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 .

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

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

Business Aviation Asia. Metrojet and Jet Aviation remain the top five jet operators in the region while many Chinese and Hong Kong operators follow. 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. In 2014. making Greater China count 16 out of the top 20 Asia Pacific operators. Deer Jet. TAG Aviation. 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 .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.

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 .

.

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

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

and Indonesia also include the medium size category aircraft. Malaysia. Corp. while the Philippines tends more towards medium and light aircraft categories.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. Aircraft size preference in Thailand. 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 . Hong Kong and Singapore. 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.

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 .

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% .8 (18%) Indonesia (PF-) Papua New Guinea (P2) Myanmar (XY-.

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.

40 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . 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.

35% and 63% respectively). 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. Indonesia (61%). This then decreases with Korea (76%). Japan (50%) and the Philippines (48%) illustrating the ages and business jet experiences of various markets. 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 . Thailand (57%).FLEET AGE DISTRIBUTION – ASIA PACIFIC 744 Total 80 The vast majority (72. Boeing and Hawker have more than 30% of their fleet older than 10 years old in the region (35%. Singapore (69%).8%) of business jets in Asia Pacific were manufacturer in 2005 or later. Only Cessna.

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 .

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

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

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 .

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 49 .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. 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. G450.

or 44. Hong Kong and Singapore.5% respectively. representing 77.5% of total additions.8% and 8.2%. 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. 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 .

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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In 2014 this number was just 28%. China represents 40% of the Asia Pacific fleet. with Embraer having a large fleet in Indonesia to counter balance Greater China. 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%. 72%. not too surprisingly due to the dominance of the China market. 72% and 64% for Airbus. the Greater China fleet grew only 15. followed by Hong Kong with 15%. The only way to meet this requirement was through more pre-owned aircraft sales. Keeping in mind that the Greater China market is very much a large cabin / long range market. The big change was therefore in the pre-owned deliveries. Gulfstream and Bombardier respectively.e. new aircraft deliveries held up through 2014 (+21%) and even deletions decreased (-17%). 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. The Greater China market is very much in decline. immediate demand for aircraft in Greater China. Taiwan 2% and Macau 1%. ASG also highlighted a number of market drivers that could end up influencing these numbers. directly impacting pre-owned aircraft sales. i. and Boeing doing very well at placing aircraft throughout the Asia Pacific region. it was expected that the Greater China market would grow at 20% and reach 445 aircraft by the end of 2014. 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. In 2013.GREATER CHINA GREATER CHINA – MARKET TRENDS In the context of the Asia Pacific region. with a vast majority of these sales being relatively new.5% in 2014 pulled down by lower fleet growth in China specifically and consequently. buyer demand and sentiment declined. Of note are Embraer and Boeing (57% and 39%). 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).a drop of 5% from the growth rate achieved from 2012 to 2013. the Greater China fleet portion of the total Asia Pacific fleet remained unchanged 2013 to 2014. Dassault. pre-owned aircraft represented almost half the additions to the Greater China fleet. 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. Compared to year-end 2013 however. 54 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . From an OEM’s perspective and whether their fortunes will rise or fall in the Asia Pacific region in the near future. When breaking the 2013 net numbers down even further versus 2014. Individually. recently delivered & low time pre-owned aircraft.5% . With the austerity measures and corruption crackdown gaining steam through the course of 2014 however. different manufacturers have very different dependencies on the Greater China market. In 2013 there was almost an insatiable.

the net business jet fleet growth for 2014 in China and Hong Kong were almost the same: 16. Hong Kong. China’s fleet grew at 26. This represents a considerable change in the growth rate of these 2 key markets. Bombardier. In 2013. Falcon 7X and Global 6000. Falcon and Airbus added less aircraft in 2014 than in 2013. there were only two OEMs that added more aircraft in 2014 than in 2013. only Falcon and Hawker saw increases and only Gulfstream saw their deletions increase. All the other OEMs – Gulfstream. Examining Greater China’s net growth further. These were Boeing and Embraer.7% and Hong Kong at a mere 5. in the dominating large size category and up. Taiwan and Macau individually. 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. recognizing though that these OEMs also have amongst the smallest market shares in Greater China.0% versus 16. Of note is also the small 2014 net growth in the Light and Very Light size categories. Bombardier. see “Forecast for 2015”). The top 4 aircraft models delivered in 2014 were the G550. Gulfstream.4%.3%. 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 . The only category which has seen a declining growth year on year 2012 through 2014 is the Medium size category.GREATER CHINA Winners and Losers in 2014 If we look at China. On the important topic of new aircraft deliveries. For pre-owned aircraft deliveries. the G450. Cessna and Boeing all increased their deliveries of new aircraft into Greater China in 2014 (however. All the other manufacturers either saw flat growth or delivered fewer new aircraft than in 2013. This change in fortunes is directly attributable to the market drivers outlined above.

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. 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 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 .

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 . ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . it may not be revised. One permit may only contain 6 sectors.05:59 Shanghai Hongqiao Airport (ZSSS) Not allowed to operate to/from the east / northeast direction between 07:00 . 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.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 . 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.23:59 Shanghai Hongqiao Airport (ZSSS) movement No takeoff & landing between 00:00 . Once submitted.

this will not be the case in 2015. willing operators and willing financiers in 2015 should provide a small measure of positive outlook for the market. even though these leasing companies have historically been large buyers of new aircraft. For one.3% 300 50% 30% +25. No of Aircraft Growth Rate % +49. But whereas 2014 was propped up by new aircraft deliveries from the OEMs. new aircraft deliveries slightly increased in 2014. 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.5% 118 +9. ASG is still predicting the Greater China market to slow overall in 2015 and growth to be in the area of just 10%. 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. By ASG’s estimation.4% 211 +20.3% +41.5% 380 400 40% 316 +28. 2015 will see a decline in new deliveries as OEM sales in Greater China declined in 2014. 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. the relatively favourable exchange rate. All things considered through. there exists roughly 30 new aircraft either delivered and unsold or due to be delivered in 2015 hanging over the market. between the 5 main Chinese business jet leasing companies. combined with willing sellers.GREATER CHINA FORECAST FOR 2015 The forecast for 2015 for the Greater China market is dire indeed. 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. 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. However.8% 500 480 439 +42. they are unlikely to place any new orders in 2015.33% 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 . this was the end result from orders placed in 2012 and 2013.3% 200 148 20% +15. Of note and a harbinger for deliveries beyond 2015.

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Florida. China ACJ318/319/320 ● ● ● Spare Parts Refurbishment ● China Eastern Technik Shanghai. China ACJ318/319/320 ● ● ● ● STAECO Jinan. China ACJ318/319 ● STARCO Shanghai. India ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 73 . China ACJ318/319/320 ● ● TAECO Xiamen. Germany Beijing. China ST Aerospace Singapore ACJ318/319/320 ● ● Sepang Engineering KL. USA Bangalore. Malaysia ACJ318/319/320 ● ● HNA Aviation Technik Haikou.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. China Toulouse. France Miami. China ACJ318/319/320 ● AMECO Beijing.

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

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

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

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

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

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

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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 .

financing agreement. aircraft management agreement. and all specification. 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. Due to the unique nature of aircraft transactions. Lee and Li Tsar & Tsai Law Firm Shook Lin & Bok Anderson Mori & Tomotsune Nagashima Ohno & Tsunematsu Nishimura & Asahi Squire Sanders Bae. Ltd.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. just to name a few. ASG will liaise with top law firms should legal services be required. Aircraft transactions are complicated and involve a sizable number of documents. Inc. Sumitomo Mitsui Finance and Lease Co. including sales and purchase agreement. 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. 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. and importation documents. registration. and thereby ensure a smooth transaction both legally and commercially.A.. N. 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 . 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.

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

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

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

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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.M.) Note: Yearly Cost estimated includes Conklin & Decker 2014 industrial cost figures for new aircraft acquisiton cost + 5% ÷ 10 Years. plus yearly operating cost +25% to account for regional differences 92 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .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.

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 .

Cape Town.M. which is FalconCabin HD+ equipped and WiFi capable. at 6.Beijing within reach. One can opt for a comfortable three-lounge cabin with a shower aft and crew rest provisions forward. 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.Paris. and make short.90 Mach. 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 operating cost of the Falcon 8X is 35% lower than its competitors. The three extra feet available in the Falcon 8X cabin can accommodate much more living space. is an ultra-long range jet that puts city pairs such as Hong Kong . its maximum speed is Mach 0. As a trijet. Skybox. the space is highly configurable to meet the needs of each owner or operator. and the air quality high. and Los Angeles .722 pounds. the Falcon 8X will shorten transoceanic routes. the wireless media server with vast iTunes video and music capacity. deliver 5% more thrust. the Falcon 8X. Complete connectivity is possible within the cabin.UPCOMING AIRCRAFT PROFILE UPCOMING AIRCRAFT PROFILE DASSAULT FALCON 8X Currently in development. Dassault’s new flagship. The PW300 series engines deliver more pounds of thrust per each pound of fuel. London . with a range of 6.000 feet.67-foot cabin. Other possibilities among 94 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 . is also available as an option. Noise and cabin altitude are kept low. The Falcon 8X offers a choice of 30 layouts in its 42. Best of all.450 N. stable approaches on landing. or even go for a shorter entryway to add yet more lounge space. and the new wing architecture lightens the wing and provides more space for fuel. the largest in the Falcon fleet. The trijet is powered by Pratt and Whitney Canada turbofans which.

an optional feature. even in low visibility conditions.545 m EXTERNAL Length 80.9 kN INTERNAL Cabin Length 42.the 30 different cabin layouts include a large entryway with spacious. head-up display.1 ft / 7.90 POWERPLANT P&W Canada MAX OPERATING ALTITUDE 51.450 N. / 11.34 m Cabin Height Cabin Volume 6.88 m 1.46 m Height 26.75 ft / 26.17 ft / 1. A wide-screen.67 ft / 13 m Cabin Width 7.M.29 m 3 x PW307D 6. lie-flat crew quarters and a truly grand galley for multiple meals.67 ft / 2.113 kg Max Zero Fuel Weight 43.695 ft³/ 48 m³ WEIGHT Max Takeoff Weight 73.000 lb / 18. The cockpit also features the Honeywall next generation 3D color weather radar system with enhanced turbulence detection capability. The totally redesigned cockpit is equipped with an EASy flight deck.945 km Mmo M 0.598 kg ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 95 .722 lb / 29.000 lb / 33.000 ft / 5.2 ft / 24. integrates enhanced and synthetic vision to optimize situational awareness. GENERAL Typical Capacity 8 passengers / 3 crew PERFORMANCE Max Range 6.94 m Width 86.

96 ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014 .

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

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