Greater China, including mainland China and Hong Kong, Macao, and Taiwan, had a total fleet of 503 business jets as of year-end 2020, which was an increase of 14 business jets when compared to year-end 2019. Overall, Greater China saw 24 new deliveries along with 22 pre-owned additions and 32 deductions. Greater China is also home to eight of the top ten business jet operators in the Asia-Pacific region. Overall, 2020 was not a bad year for business aviation in Greater China, with the fleet increasing by 2.8% and many large operators adding aircraft to their fleets. This trend is expected to continue, as the economic recovery in Greater China outpaces other regions.
With 211 business jets, Australia is home to the second largest fleet in the Asia-Pacific region. The fleet size increased by 13 business jets since the end of 2019, equivalent to a growth rate of 6.6%. The increase is attributed to seven new deliveries, 19 pre-owned additions, and 13 deductions. The light size category continued to be the most dominant size category in the country, serving domestic tourism and corporate use. The Australian fleet has an average age of 20 years, which makes it one of the oldest in the region.
With 137 business jets, India was home to the third largest market in the Asia-Pacific region by the end of 2020 – the same as at the end of 2019. The movement of aircraft is composed of one new delivery, eight pre-owned additions and nine deductions.
Malaysia had 57 business jets at year-end 2020. The fleet size decreased by six from the previous year, which is equivalent to a reduction of 9.5% from 2019. It is attributed to four pre-owned additions and ten deductions. The large and long-range size categories were the most dominant size categories in the country, accounting for 25% and 26% of the country’s total fleet.
Singapore had 61 business jets at the end of 2020 – the same as at the end of 2019. Changes during the year were one new delivery, six pre-owned additions and seven deductions. Overall, 46% of the business jets belonged to the long-range size category, followed by the large and medium size categories, which both had 15%.
Japan had 61 business jets as of year-end 2020. The fleet size decreased by two since the previous year, equivalent to a deduction rate of 3.2% This is attributed to two new deliveries, five pre-owned additions, and nine deductions. 43% of the country’s jets belong to the light size category, followed by the long-range (28%) and very light (11%) size categories. Textron and Gulfstream are the most popular OEMs in the country, accounting for 48% and 21% of the total fleet respectively.
The Philippines had 53 business jets as of year end 2020. The fleet size increased by three business jets from the previous year, giving a growth rate of 6.0%. The growth is attributed to one new delivery, four pre-owned additions, and two deductions. Around 40% of the jets belong to the light category, followed by large (23%) and medium (23%) size categories.
Indonesia had 51 business jets at year-end 2020. The fleet size increased by two since the year prior, equivalent to a growth rate of 4.1%. The growth is attributed to one new delivery, two pre-owned additions, and one deduction. One third of the jets belong to the large size category, followed by light (24%) and medium (20%) sized jets.
Thailand had 34 business jets at year-end 2020. The fleet size stayed the same as at the end of 2019. Thailand saw one new delivery and one deduction in 2020. The long-range size category continued to be the most dominant in the country, accounting for 32% of Thailand’s total fleet, followed by medium (24%) sized jets.
South Korea had 17 business jets as of year-end 2020. The fleet size decreased by four business jets, equivalent to a reduction of 19.0%. No new deliveries or pre-owned additions entered South Korea in 2020.The long-range size category is the most dominant one in South Korea, accounting for 35% of the total fleet in South Korea.
New Zealand had 22 business jets at year-end 2020. The fleet size increased by three units, giving a 15.8% growth rate. The growth is comprised of three pre-owned additions. Textron is the most popular OEM in New Zealand, accounting for 45% of the total fleet in the country.
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