Asg Asia Pacific Business Jet Fleet Report Ye2014 en

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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 [email protected]
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 ASGs
previously established Greater China Business Jet Fleet Report, first published
in March 2012. For copies of ASGs 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

2013
647
2014
744
+15%
297
256
41
Japan +7%
20 21
114
98
44
South Korea +5%
China +16%
15 17
Myanmar
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%
Brunei
Singapore +22%
40
46
Indonesia +15%
Papua New Guinea
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, 2013 data for the Asia Pacific region has
been determined by using deductions for the Greater China region only.
EXECUTIVE SUMMARY
Asian Sky Groups Business Jet Fleet Report introduces a unique and alternate perspective on the business
jet market in the Asia Pacific region. The report focuses on net additions of aircraft into in the Asia Pacific
region as of year-end 2014. Net additions is defined as new aircraft plus pre-owned aircraft deliveries less
the aircraft which exited the market throughout the year, or deductions.
The report provides an important overview of the performance of each Original Equipment Manufacturer (OEM),
pre-owned sales and acquisition market activity, and is ultimately also a gauge of regional and per country
business confidence levels.
So by these measures:
2014 appears to have been a successful year for Gulfstream who remains the market leader and
delivered 30 new aircraft into the Asia Pacific region the first G650s but the majority, as usual, being
G450s and G550s;
If the Greater China market is any indication of the overall pre-owned market activity levels in the whole
Asia Pacific region, aircraft sales activity levels dropped off dramatically in 2014 to almost half of those in
2013; and
Normally, as China goes, so does the Asia Pacific region. This is due to the fact that China represents
almost 50% of the market. However, 2014 was a challenging year for China which consequently has
allowed others countries in the region to shine and demonstrate their continuing strong performance.
Those other countries in the region are primarily Thailand, Malaysia, Singapore & Indonesia, which grew
at the same rate as China in 2014. So one can interpret that business confidence levels in China are
down while up across South-East Asia.
As is always the case, there are inevitably other typical factors and market influences to consider. Hopefully,
Asian Sky Groups report will be able to reveal these key market drivers and thus ultimately shed an important
light on the outlook for 2015.
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, Challengers and Globals.
Indonesia is where Embraer has had the most success outside of China. There are 9 Legacy aircraft in
Indonesia and the first Phenom 300s.
The Philippines is a Medium and Light aircraft size category market thus dominated by Cessna and
Hawker, but is probably one of the oldest fleets in Asia Pacific.
Thailand seems to be either a Long Range Gulfstream market or, at the other end of the spectrum, a
Light Cessna and Hawker market.
Japan is Cessnas largest market outside of China and it has Gulfstreams largest fleet of G650s in the
Asia Pacific region.
Finally South Korea is another strong market for Cessna (66% of Cessnas fleet in Asia Pacific is located
in North Asia) but also has the largest concentration of BBJs in the Asia Pacific region.
Key Findings
At the end of 2014, there were 15% more business jets based in the Asia Pacific region than in the
previous year, growing from 647 to 744 aircraft.
Out of the 18 countries and territories, Singapore, China, Hong Kong and Indonesia had a higher than
average addition of jets with 22%, 16%, 16% and 15% respectively.
Gulfstream and Bombardier continue to dominate the Asia Pacific business jet market with 30% and
26% of the fleet. Cessna, Dassault and Hawker follow with a 14%, 8% and 8% market share respectively,
by aircraft number.
In 2014, Boeing increased its net Asia Pacific fleet by 30.4%, Dassault 29.5%, Embraer 29.4% and
Gulfstream 20%.
The top-20 operators in the Asia Pacific operate 51% of the entire business jet fleet. Out of those, 16 are
based in China or Hong Kong.
Nearly 60% of the Asia Pacific business jet fleet consists of large or long range category aircraft largely
positioned in China, Hong Kong and Singapore.
The vast majority (72.2%) of business jets in the Asia Pacific were manufacturer in 2005 or later. 90% in
Hong Kong and 80% in China are younger than 10 years old.
The USA registration (N prefix) is preferred in almost every country in Asia Pacific representing 24%
of all business jets in the region.
Out of 97 net additional aircraft in the region, 87 were new deliveries from OEMs, 42 were pre-owned
aircraft and 32 were relocated out of the region. Gulfstream, Bombardier and Dassault combined
contribued 70.6% of all the additions with 33.3%, 24.8% and 12.4% shares respectively.
The most popular business jet models added to the Asia Pacific fleet in 2014 were the Gulfstream
G550, G450, Bombardier Global 6000 and Dassault Falcon 7X.
The majority of 2014 net additions were for aircraft based in China, Hong Kong and Singapore,
representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively.
The Greater China business jet fleet represents 59% of the aircraft (439 in total) in the Asia Pacific region.
The net number of aircraft additions in Greater China in 2014 was 59 versus 64 in 2013 and over
100 in 2012.
Pre-owned aircraft represented almost half the additions to the Greater China fleet in 2013. However,
this number was only 27% in 2014.
FLEET BY OEM & COUNTRY ASIA PACIFIC
297
114
Bombardier
80
35
25
15
10
1
1
11
Cessna
37
10
23
Dassault
32
Dornier
Eclipse
Embraer
20
Gulfstream
96
54
18
10
11
Hawker
14
10
10
Nextant
Sabreliner
14
Westwind
30
Thailand
44
Japan
Hong Kong
11
Boeing
China
Airbus
45
Philippines
Indonesia
46
Malaysia
48
Singapore
61
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%
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%)
Cambodia
Papua New Guinea
Myanmar
11
Macau
17
Taiwan
South Korea
21
Brunei
Bombardier 193 (26%)
Total
1
6
3
24
3%
30
4%
193
26%
104
14%
-1%
57
8%
1%
44
6%
1%
225
30%
60
8%
-1%
1
8
% Change
from 2013
% of Total
21
17
11
3%
2%
1%
+5%
+13%
744
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%)
Bombardier 5 (46%)
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%)
Dornier 1 (2%)
Bombardier 11 (24%)
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%)
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%)
South Korea
Malaysia
Macau
Brunei
Japan
Taiwan
Hong Kong
China
Total
A319ER
A340--200
ACJ318
ACJ319
7
1
10
+1
ACJ320
+1
ACJ330
+1
Total
Change from 2013
12
Change
from 2013
11
+1
+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%)
1
Japan
Thailand
Indonesia
Singapore
Hong Kong
Souht Korea
China
Brunei
Malaysia
Total
727-100
737-200
737-400
747-400
767-200ER
BBJ
BBJ2
Total
Change from 2013
+3
1
6
5
+2
1
1
+1
+1
Change
from 2013
20
+3
+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
Indonesia
Macau
Japan
Taiwan
South Korea
Thailand
Myanmar
15
Malaysia
Singapore
Hong Kong
China
25
Philippines
35
Total
Challenger 300
Challenger 601
Challenger 604
Challenger 605
11
Challenger 850
12
Challenger 870
11
CRJ200 VIP
Global 5000
10
Global 6000
Global Express
Global Express XRS
12
3
2
7
34
1
Learjet 24
Learjet 35/A/36A
Learjet 40
Learjet 45/XR
14
1
1
Learjet 60/XR
Total
80
35
25
15
Change from 2013
+10
+3
+5
+1
+1
18
+1
11
+6
1
2
1
1
Learjet 31A
-1
6
2
Challenger 800
Change
from 2013
24
+4
18
+10
-1
14
+1
3
2
12
+1
9
11
10
+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
Papua New Guinea
Hong Kong
4
Indonesia
Malaysia
Thailand
Souht Korea
Philippines
Japan
China
10
Singapore
23
Total
Citation Bravo
Citation CJ1/+
2
13
Citation CJ2/+
20
Citation CJ3
Citation CJ4
Citation Encore
Citation Excel
Citation I/SP/II
Citation S/II
Citation Sovereign/+
9
4
Citation X/+
Change from 2013
+4
1
1
3
23
15
+2
3
1
37
+2
3
1
Total
+1
Citation VI/VII
Citation XLS/+
-1
2
1
Citation V
Citation Mustang
Citation Ultra
Change
from 2013
10
+4
3
+1
1
-1
-1
+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%)
Philippines
Indonesia
Japan
Thailand
Macau
Singapore
Papua New Guinea
Hong Kong
China
Malaysia
32
Total
Falcon 10
Falcon 2000LX
1
1
Falcon 2000S
Falcon 2000LXS
1
1
+1
+1
Falcon 20F-5
Falcon 50
1
26
Falcon 900
Falcon 900DX
+1
31
+8
Falcon 900EX
1
1
Falcon 900LX
Total
32
Change from 2013
+8
+3
+2
57
6
3
+1
* includes one aircraft lost in Taiwan
16
Falcon 20D
Falcon 7X
Change
from 2013
+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
Legacy 650
13
Legacy Shuttle
1
Taiwan
Lineage 1000
Lineage 1000E
1
3
Total
20
14
Change from 2013
+9
Change
from 2013
13
+1
17
+5
+2
+2
1
1
Total
Phenom 100
Phenom 300
1
Malaysia
Hong Kong
Singapore
Indonesia
China
1
4
+1
+1
44
+10*
* includes one aircraft lost in Macau
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
Malaysia
Taiwan
Philippines
Indonesia
Cambodia
Macau
South Korea
Thailand
Singapore
Hong Kong
China
11
Japan
18
G100
G150
G200
11
G280
G300
G450
35
2
1
15
39
28
+1
+4
64
+9
1
3
2
G-II
5
1
G-III
29
1
G650
18
Change
from 2013
2
1
G500
G550
Total
85
+10
10
+6
G-IV
G-IV-SP
G-V
Total
96
54
18
11
10
Change from 2013
+8
+8
+2
+3
+3
6
2
+1
9
9
+1
+1
+3
+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
Macau
South Korea
Hong Kong
Taiwan
Japan
Malaysia
Thailand
Philippines
Indonesia
China
Singapore
10
Total
HS 125-1A
Hawker 400/A/XP
1
1
Hawker 700A/B
1
2
13
1
1
Hawker 850XP
Hawker 900XP
17
9
2
Premier I/IA
14
10
10
Change from 2013
-1
+1
+2
-1
Total
1
4
Hawker 1000A
Hawker 4000
2
5
+3
Hawker 750
Hawker 800A/B/XP
Change
from 2013
-3
4
5
+1
3
+1
1
-1
60
+1
19
PERSONALITY PROFILE
Interview and Text by Anthony Lam
William E. Heinecke
Chairman & CEO, Minor Group of Companies
Youve got to have the passion.

In 1967, an American youngster with a secondary school education, a blank CV, and lean financial resources
walked into a lawyers office in Bangkok. He handed over the equivalent of US$1,000 and signed the
necessary papers to incorporate two companies, Inter-Asian Enterprise and Inter-Asian Publicity. While
the names sounded impressive, their assets were meager. After spending the bulk of the US$1,200 he
had borrowed from a moneylender on the company registrations, 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. There was nothing too glamorous about cleaning offices and writing simple advertisements for local
businesses, but it was a start. Bill Heinecke had taken his first faltering step into the world of commerce and
entrepreneurship.
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As Bill Heinecke himself and Jonathan Marsh have said in The Entrepreneur, Thirty-five years later, that
teenager has turned 53 and sits on top of a expansive business empire. He has become the most successful
foreign businessman in Thailand and perhaps one of the smartest expatriate entrepreneurs in the whole of
Southeast Asia. Heinecke has persuaded the spice-loving Thais to eat pizza; he has built luxury hotels and
shopping malls where others feared to tread; he has spotted trends and opportunities where competitors saw
only red ink and dead ends. Scattered over the country is a chain of more than a hundred pizza restaurants,
two ice cream franchises, steak, restaurants, and a host of manufacturing and licensing operations that
include the worlds largest golf glove factory, Esprit fashion, Sheaffer pens, cosmetics, and a company that
provides catering to offshore oil rigs. He is chief executive and major shareholder of three publicly listed
companies - The Minor Food Group, Royal Garden Resorts, and the Minor Corporation - that employ more
than 12,000 people. Forbes has named it one of the best 300 small companies in the world - and for a time
it was the only Thai company to be nominated. William E. Heinecke with Jonathan Marsh (1-2).
These days the mop and bucket business have disappeared. As a passionate aviator, Heinecke flies himself
around Thailand in his Piper Malibu. Being no stranger to aviation or private aircraft, Heinecke has owned
and piloted a Grumman Lynx, Mooney, Bonanza, and a Piper Mirage, among others. Flying really came from
an extension of my businesses, said Heinecke. At the time, 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, so I had a big incentive to learn how
to fly, Heinecke continued. Over the years, Heinecke pursued flying and upgraded his fleet of aircraft as his
mission requirements and experience grew. Minor Aviation was then founded, becoming the Mjets we know
today.
As an entrepreneur with an adventurous spirit, when Heinecke wasnt busy closing the next multi-million
dollar deal, he could be found diving, racing vintage cars, skiing, and free falling out of an aircraft. I did a
little bit of everything. I flew from London to Bangkok in my Bonanza, and then in my Piper Malibu I flew from
Florida to Bangkok. Today, our fleet of jets consist of the Bravo for EMS operations, CJ-3 for short haul flights,
Citation X, and a Gulfstream V, all owned by MJets, recounted Heinecke. Beyond that, Heineckes other
businesses own and operate six aircraft in the Maldives, many of them Dehavilland Twin Otters, as well as
numerous Cessna Caravans in Africa for their hotels. Aviation is an important part of all of our businesses,
it is in fact a critical aspect. There is no doubt that the fastest growing businesses use business aircraft, and
that is no coincidence, said Heinecke.
Many have correlated Heineckes success for business to his passion for adventure, and more specifically risk
taking. I may have an adventurous spirit, but I dont think Im necessarily a risk taker, explained Heinecke.
Heinecke feels that training well, preparing well, and never going into something that may endanger oneself
are the ingredients to success. The key is preparation - the more prepared you are, the more luck will
be on your side, Heinecke continued. Always invest in the best aircraft you can afford, and dont skip on
maintenance, said Heinecke, who had learned of this lesson after an unfortunate incident where the cause
was attributed to maintenance. Above all, plan your journey carefully, remain cool and calm at all times.
Keeping a cool head and reacting well to crisis situations comes from training. The more prepared you are
and the harder you work, the luckier youll get, reflected Heinecke, who continued, In the end youve got to
have the passion - because when you do, nothing can stop you.
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21
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. Deer Jet, TAG Aviation, Business
Aviation Asia, Metrojet and Jet Aviation remain the top five jet operators in the region while many Chinese and Hong Kong
operators follow, making Greater China count 16 out of the top 20 Asia Pacific operators. In 2014, 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.
70
49
45
35
30
13
11
17
24
49
45
35
Dassault
Embraer
Gulfstream
22
47
Hawker
Total
70
10
Cessna
12
HongKong Jet
Bombardier
12
China United
Minsheng Intl Jet
13
China Eastern
BAA
Boeing
14
Jet Aviation
TAG Aviation
Airbus
Metrojet
Deer Jet
16
Lily Jet
30
11
21
30
16
12
12
1
14
13
Nanshan Jet
VistaJet
CAAC Academy
Asia Jet
Premiair
Korean Air
Challenger Aero Air
Sino Jet
CAAC Inspection
10
Beijing Airlines
11
Total
2
1
17
1
3
10
1
9
11
7
27
33
6
11
10
100
27
153
14
9
382
23
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 Intl Jet

Total
A319ER
ACJ318
1
1
ACJ319
BBJ
3
3
Challenger 300
Challenger 605
1
1
Challenger 850
Citation CJ1/+
5
2
Falcon 2000S
Falcon 7X
Falcon 900LX
Gulfstream G200
1
1
5
2
1
Gulfstream G280
Gulfstream G450
12
5
5
19
8
2
23
29
Gulfstream G550
20
Gulfstream IV
Gulfstream IV-SP
Gulfstream V
Global 5000
Global 6000
Global Express
Global Express XRS
1
1
Hawker 4000
Hawker 800A/B/XP
Hawker 850XP
Hawker 900XP
Learjet 60/XR
1
1
2
1
Legacy 650
1
1
2
5
Lingeage 1000E
68
5
2
Lineage 1000
Total
35
17
16
12
14
150
* The top 5 operators are shown unless many operators share the same number of aircraft at the 4th and 5th place.
24
Hong Kong
75% of the Total Hong Kong Fleet
30
19
16
11
Metrojet
Jet Aviation
TAG Aviation
Hongkong Jet
BAA
Total
ACJ318
ACJ319
BBJ
1
1
Challenger 604
Challenger 605
Challenger 850
Falcon 7X
2
1
2
1
Falcon 900EX
Falcon 900LX
Gulfstream G200
Gulfstream G450
Gulfstream G550
13
Gulfstream G650
Gulfstream V
Global 5000
2
1
3
1
11
26
3
1
Global 6000
Global Express
Global Express XRS
2
1
Legacy 600
Legacy 650
Lineage 1000
Lineage 1000E
Total
30
19
16
11
85
25
Macau
64% of the Total Macau Fleet
3
Fortuna Jet
Jet Asia
TAG Aviation
Total
Challenger 605
Challenger 850
CRJ200 VIP
Global Express
Gulfstream G550
Total
1
2
Taiwan
59% of the Total Taiwan Fleet
Executive Aviation
Taiwan
Win Air Jet
Aerospace Industrial
Development
EVA Airways
Total
ACJ318
Gulfstream G100
Gulfstream G450
Gulfstream G550
26
2
2
Global Express XRS
Hawker 400/A/XP
Legacy 600
Total
1
3
10
Singapore
46% of the Total Singapore Fleet
6
5
Pacific Flight
Services
TAG
Aviation
Jet
Aviation
Execujet
Asia Pacific
Jets
Precious
Jet
TWC
Aviation
Total
BBJ
Challenger 300
Challenger 605
Gulfstream G150
Gulfstream G550
2
1
Gulfstream G450
1
1
Global 5000
Global 6000
2
1
Hawker 800A/B/XP
2
2
Learjet 35/A/36A
Learjet 45/XR
Learjet 60/XR
2
2
1
2
Legacy 600
Legacy 650
28
Nextant 400XT
Total
1
6
1
3
27
Malaysia
38% of the Total Malaysia Fleet
4
3
3
2
Govt of
Malaysia
Smooth
Route
TAG
Aviation
Weststar Aviation
Aerotree
Services
Defense & Services
Berjaya
Air
Total
Boeing 727-100
Boeing 737-200
ACJ319
Challenger 300
Citation Bravo
Gulfstream G450
2
2
1
Gulfstream II
Gulfstream IV
1
1
Global 5000
Global Express XRS
28
2
2
Total
1
2
Learjet 35/A/36A
Learjet 60/XR
2
2
18
Philippines
49% of the Total Philippines Fleet
Challenger
Aero Air
Metrojet
Subic Intl Air

Charter
Lionair
Royal Star
Aviation
Total
Dornier 328JET
Challenger 300
1
1
Citation I/SP/II
Citation XLS/+
CRJ200 VIP
Falcon 900
1
1
Gulfstream G200
Gulfstream G450
Gulfstream G550
Gulfstream IV-SP
Global 5000
Hawker 700A/B
Hawker 800A/B/XP
1
1
Learjet 35/A/36A
Learjet 40
Learjet 45/XR
Westwind 1
Total
1
9
1
3
22
29
Indonesia
59% of the Total Indonesia Fleet
8
Premiair
Govt of
Jhonlin
Indonesia Air Transport
Transpac
Lionair
Airfast
Transwisata
Indonesia Prima Aviation
TAG
Aviation
Enggang
Air Service
FlyJet
Total
BBJ
BBJ2
1
1
Challenger 601
Challenger 604
Challenger 605
Citation VI/VII
Gulfstream G550
1
1
Hawker 900XP
Legacy 600
Legacy 650
2
1
5
2
Legacy Shuttle
Lineage 1000
Phenom 300
1
1
1
Premier I/IA
30
Gulfstream IV-SP
Total
1
1
Learjet 31A
1
8
1
2
27
Japan
41% of the Total Japan Fleet
Asia Jet
Govt of Japan Coast Guard
Ministry of Land
& Traportation
Nakanihon
Air Service
Jet
Aviation
Total
ACJ318
BBJ
1
1
Citation V
Falcon 900
Gulfstream G650
1
3
Gulfstream IV
Gulfstream IV-SP
Gulfstream V
Global 6000
Global Express
Total
1
2
4
2
3
18
31
Thailand
57% of the Total Thailand Fleet
6
4
Mjets
Siam Land
Flying
AC
Aviation
Advance
Aviation
Thai Flying
Service
Total
Citation Bravo
Citation CJ3
Citation VI/VII
Citation X
1
1
2
Gulfstream V
1
2
4
1
Global Express XRS
Hawker 400/A/XP
1
2
2
2
Hawker 800A/B/XP
Hawker 850XP
Flight
Inspection
Center
SK Telecom
Hyundai
Motor
Total
1
1
Falcon 2000LX
Gulfstream G200
2
1
1
17
South Korea
81% of the Total South Korea Fleet
8
Korean Air
Samsung
Techwin
Total
ACJ319
BBJ
Citation Ultra
Challenger 601
Citation CJ1/+
2
4
1
1
32
1
2
Hawker 750
Total
5
1
2
4
Gulfstream G550
Global Express XRS
1
2
17
Text and photo by Anthony Lam
Iris Riesen
Managing Director, Jet Aviation Hong Kong

In addition to aircraft management and charter, internationally renowned operator Jet Aviation, a whollyowned subsidiary of General Dynamics, serves the business aviation industry with core services including
maintenance and engineering, completions and refurbishment, FBO and staffing. Headquartered in
Switzerland since 1967, Jet Aviation Business Jets Limited today is based out of the Hong Kong International
Airport and led by its Managing Director Iris Riesen.
We have been providing business aviation services to aircraft owners and operators for nearly half a
century, said Riesen. In this time, we not only developed comprehensive business aviation service
capabilities, we established a global network of facilities and earned a reputation for excellence. Jet Aviation
takes pride in exceeding customer expectations, and our good standing in the aviation industry is based on
the quality, transparency, commitment and dedication of each member of our global team of professionals.
This is the highest value we offer and is what differentiates us from our competitors, said Riesen.
Jet Aviation Business Jets Limited first entered the Asian market in 1995 with the opening of their
maintenance, refurbishment, and FBO facility in Singapore. In Hong Kong, their aircraft management and
charter operation was launched in September 2001 as a division of Jet Aviation Business Jets, and they have
been promoting and maintaining relationships with owners, partners, and authorities ever since. Available
services include the full range of aircraft management, operations, and flight support services, as well as
charter services all provided on a 24/7 basis by a team of multilingual specialists.
34
ASIA
ASIAPACIFIC
PACIFICBUSINESS
BUSINESSJET
JETFLEET
FLEETREPORT
REPORTYEAR
YEAREND
END2014
2014
On September 9, 2008 the company received its maintenance repair station approval from the Hong
Kong Civil Aviation Department (CAD). The company offers line maintenance, inspections, and defect
rectifications, as well as AOG support, and has access to a 9,200 square meter (99,027 square feet) hangar.
In addition to Hong Kong CAD maintenance repair station approval, the company holds an FAA repair station
certificate, and mainland China JMM approval for PRC-registered aircraft. In addition, it services aircraft
registered in 11 other countries through Jet Aviations maintenance approvals in Singapore, which include
EASA, Aruba DCA, Australian CASA, Bermuda DCA, Cayman CAA, Indonesia DGAC, Macao MAR-145, Malaysia
DCA, Philippines ATO, Singapore CAAS, and Thailand DOA.
With more than 20 airport facilities throughout Europe, the Middle East, Asia, and North and South
America, our scope and scale of service offerings offers major benefits that are difficult to match. We have
experience and know-how that is well-respected in the market and shaped around the highest industry
standards. While I dont want to underestimate the learning curve we faced when we first started operating
in Asia, we did bring a lot of valuable experience with us. For example, 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 companys headquarters in Zurich, said Riesen.
Our global network of maintenance, FBO and aircraft management and charter facilities represent a
major benefit to international travelers in terms of service, 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., which we pass on to our customers to ensure comprehensive
services - at great value, continued Riesen.
When it comes to safety, as a leading business aviation services provider, Jet Aviation Business Jets
Limiteds highest priority is to uphold, promote, and improve Safety standards in every aspect of operations.
This means working with each other, our customers and the industry to ensure Safety is as prominent in our
goals as quality, integrity, continuous improvement and profit generation. We make Safety an integral part
of our corporate culture that is continually reflected in all of our daily activities. For us, Safety is everyones
responsibility. From our leadership, operations, maintenance and engineering teams to everyone in or
administration, security and housekeeping teams, we have adopted a Safety first approach to make certain
that Safety guides our actions as a matter of habit. Our goal is Zero Safety Incidents, Riesen explained.
In 2014, 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, as well as the environment. It is just a
question of time before more of their facilities follow suit.
When asked about the challenges of operating in Asia and China, as well as examples of lessons learned,
Riesen explained that China was and still is to some extent a new market for corporate aviation. The current
lack of infrastructure to support the needs of the business jets community presents some challenges,
as well as the restrictions in permits and approvals. Whilst a lot has changed in recent years to better
accommodate business aviation in Asia and China, there is not the same freedom of operation like in some
of the older markets of our businesses. 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. To succeed here in the long term, we believe in thinking globally, but
acting locally, Riesen reflected.
ASIAPACIFIC
PACIFICBUSINESS
BUSINESSJET
JETFLEET
FLEETREPORT
REPORTYEAR
YEAREND
END2014
2014
ASIA
35
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, Hong Kong and Singapore. Aircraft size preference in Thailand, Malaysia, and Indonesia also include the medium
size category aircraft, while the Philippines tends more towards medium and light aircraft categories.
Corp. 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
Cambodia
Papua New Guinea
Myanmar
11
Macau
Taiwan
South Korea
Thailand
Japan
Philippines
Indoenesia
Malaysia
Singapore
Hong Kong
China
17
Burnei
21
Total
Corp. Airliner
23
13
Long Range
89
55
15
10
63
1
201
Large
106
37
18
14
20
Medium
40
13
15
14
10
Light
20
14
Very Light
19
16
Total
297
114
61
48
46
45
44
30
21
17
11
+16%
+16%
+22%
+12%
+15%
+13%
+7%
+11%
+5%
+13%
% Change
from 2013
36
Market
Share
Change
224
119
+2%
78
-2%
59
744
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 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
37
8 (18%)
Indonesia (PF-)
Papua New Guinea (P2)
Myanmar (XY-,XZ-)
Thailand (HS-)
Philippines (PR-C)
China (B-XXXX)
Macau (B-MXX)
Hong Kong (B-K/B-LXX)
Taiwan (B-XXXXX)
South Korea (HL)
Japan (JA-)
USA (N)
FLEET REGISTRATIONS ASIA PACIFIC
36 (82%)
Japan
20 (95%)
South Korea
1 (5%)
22 (19%)
43 (37%)
5 (4%)
Hong Kong
1 (9%)
6 (55%)
Macau
10 (59%)
6 (35%)
Taiwan
247 (83%)
30 (10%)
1 (1%)
2 (1%)
China
Aircraft Base
1 (100%)
Myanmar
34 (74%)
10 (22%)
Philippines
2 (67%)
Cambodia
24 (80%)
5 (17%)
Thailand
Brunei
28 (58%)
2 (4%)
1 (2%)
Malaysia
3 (100%)
Papua New Guinea

30 (65%)
12 (26%)
Indonesia
31 (51%)
1 (2%)
1 (2%)
Singapore
% of Fleet
38
24%
5%
3%
1%
4%
34%
5%
3%
4%
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, 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%)
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%
1%
% of Fleet
39
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. It is therefore advised to retain professional advice before entering into any transaction.
40
FLEET AGE DISTRIBUTION ASIA PACIFIC

744 Total
80
The vast majority (72.8%) of business jets in Asia Pacific were manufacturer in 2005 or later. Only Cessna, Boeing and
Hawker have more than 30% of their fleet older than 10 years old in the region (35%, 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. This
then decreases with Korea (76%), Singapore (69%), Indonesia (61%), Thailand (57%), Japan (50%) and the Philippines
(48%) illustrating the ages and business jet experiences of various markets.
70
60
50
40
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
10
41
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
Boeing
30 in total
20
15
10
Bombardier
193 in total
25
20
15
10
Cessna
104 in total
20
15
10
42
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
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
Embraer
44 in total
20
15
10
Gulfstream
225 in total
25
20
15
10
Hawker
60 in total
15
10
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
Hong Kong
114 in total
20
15
10
44
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
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
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
South Korea 21 in Total
10
Philippines 45 in Total
10
10
Thailand 30 in Total
Indonesia 46 in Total
10
Singapore 61 in Total
45
Denzil White
COO, Hongkong Jet

As the international business aviation arm of the conglomerate HNA Group which holds 17 AOCs and over
400 jet aircraft, Hongkong Jet provides aircraft management, charter, maintenance, and advisory to a wide
range of business jet owners and clients in the region. Co-led by the recently-joined industry veteran and
COO Denzil White, the company today is a key player in the market that is constantly on the rise.
Hongkong Jet has many strengths. With our Chinese parents from the mainland and ourselves born in
Hong Kong, the edge gives us a more international flavor when looking at the APAC region, allowing us more
flexibility in terms of business law and the operating environment, said White. With their services in aircraft
management, charter, maintenance, and consulting, Hongkong Jet is also embarking readily on aircraft sales
as well. We have 18 aviation companies under the parent company and with businesses that span multiple
businesses such as shipping and hotels, in additional to aviation. With this setup, we are able to leverage
our operations with the economies of scale, helping with insurance rates and fuel pricing, among others.
This is what gives us the competitive advantage, White remarked.
46
While most players in the industry come into Hong Kong to try to penetrate into the Chinese market,
Hongkong Jet has a unique position in that they were from China since the beginning. For this reason,
Hongkong Jet can focus externally to diversify its client pool and businesses. Expansions are good, but it
all starts at the core values, explained White, who continued, The HNA group has sewn on very solid core
values since its inception, and they have been transmitted to Hongkong Jet as part of the DNA of the group,
and therefore becomes a part of the companys lifestyle. Take safety, for example. It is a way of life. A lot
of companies say they commit to safety, but they dont walk the talk. 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, so that management
leads the directors and the directors lead the rest of the team.
Today, Hongkong Jet has its ISBAO-2, and is well on its way toward ISBAO-3. Their team of five in corporate
safety, quality, and security work around the clock to ensure the highest standards are met. No matter
how small the incident - it gets reported, and everyone gets to see and hear about it. When asked about a
non-punitive culture, White felt that it takes time for employees to trust and believe that when something
happens, they dont get punished, instead the goal is to find solutions. More importantly, White stressed
that it does not help when a company has a safety expert providing safety - only to have the companys
senior management not cooperating for financial reasons, effectively undermining crucial safety initiatives.
Hongkong Jet is very fortunately that its management is completely on board. We will enhance and
continue to grow with a safety culture, said White, who continued As the industry has learned, loss of safety
is not just a loss of life - it is a loss of reputation, it is a loss of finances. Its the foundation to any business in
aviation.
Beyond safety, lies trust. According to White, the business aviation industry is an emotional one, at a certain
level. You have an individual or company that wants to buy an airplane, and in the end you have a choice of
five airplanes that meet your mission requirements and do their jobs equally well. Typically, at the end of the
day, it is an emotional decision which one you choose. If you have the ability to develop the relationship with
the right people, and if they trust you, then you get the business, said White, who believed that there are four
elements to trust - reliability, openness, congruence, acceptance. If any one of those elements are not there,
trust vanishes.
According to White, the China market is growing very rapidly in terms of the number of business jets,
with a compound growth of roughly 35% percent annually. Though with that growth, unfortunately, the
infrastructure is not growing in parallel. All the regulations that may be unnecessary, 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, may defeat or undermine the purpose of traveling via a business jet.
Day by day, the infrastructure development is far too slow to keep up with the growth of the industry. Take
the pilots for example - the industry here has had to hire foreign pilots for most flight crew positions. Local
pilots are available but many of them are tied up with contracts with the airlines, noted White, who felt that
the other major issue the industry faces is fuel pricing - where currently, Hong Kong has by far the most
expensive fuel in the region. If youre a business jet, youre paying about 50% higher than what the airlines
pay for the same fuel, and there is no reason for that, said White, who pointed out that if the market has
100 business jets parked at the HKBAC, that is bigger than what most airlines have. Sadly, White noted
that this may never change unless there is some competition brought on to the business aviation terminal in
Hong Kong.
As the international business aviation arm of HNA, Hongkong Jet has recently expanded its operations by
acquiring a share of Hawker Pacific, growing its business to FBO operations and services, and effectively
becoming a cousin of the Asian Sky Group, whose parent company SEACOR Holdings own approximately
33% of Hawker Pacifics common equity. With a bright spot on the horizon, Hongkong Jet is poised to soar
progressively higher in this rapidly growing region.
47
FLEET ADDITIONS ASIA PACIFIC

Net Additions - 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
Net Additions Per Model New vs Pre-owned

97 in total
The most popular business jet models to be added to the Asia Pacific fleet in 2014 were the Gulfstream G550, G450,
Bombardier Global 6000 and Dassault Falcon 7X.
Global 6000
-1
Gulfstream G550
Gulfstream G450
10
12
-4
Falcon 7X
-1
Gulfstream G650
Challenger 870
2
6
Lineage 1000/E
-1
Global 5000
1
1
Gulfstream G280
Citation XLS/+
BBJ2
Hawker 400/A/XP
3
2
BBJ
Hawker 800A/B/XP
Falcon 900LX
-1
1
2
Citation Mustang
Challenger 800/850
Sabreliner 65
Learjet 35/A/36A
Global Express XRS
Gulfstream IVSP
Deductions
New Deliveries
Pre-owned
1
-3
Falcon 50
Falcon 2000S
Falcon 2000LXS
Eclipse 500
Citation X+
Citation CJ4
ACJ330
ACJ320
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
10
Legacy 600/650
Gulfstream G200
-5
-3
Note: Deductions were only counted for the Greater China Market.
49
2014 New Deliveries by Country and Aircraft Model

87 in Total
ACJ319
Taiwan
Total
1
ACJ320
ACJ330
BBJ
BBJ2
1
1
Challenger 300
Challenger 605
Challenger 870
Citation Mustang
6
1
2
2
Citation X+
Falcon 2000LXS
Falcon 2000S
Falcon 7X
Falcon 900LX
Gulfstream G280
Gulfstream G450
Gulfstream G550
Gulfstream G650
Global 5000
Citation XLS/+
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, Hong Kong and
Singapore, representing 77.5% of total additions, or 44.2%, 24.8% and 8.5% respectively.
1
1
7
1
4
2
4
2
1
10
10
Global 6000
Legacy 650
Lineage 1000
Lineage 1000E
Total
48
18
12
2
8
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
Total
2
BBJ2
Challenger 601
Challenger 800
Challenger 850
Citation XLS/+
Eclipse 500
Falcon 2000LX
Falcon 50
Falcon 7X
Falcon 900LX
Gulfstream G200
Gulfstream G450
Gulfstream G550
2
1
1
4
3
Gulfstream G650
Gulfstream IV-SP
2
1
Global 5000
Global 6000
Global Express
Global Express XRS
Hawker 400/A/XP
Hawker 800A/B/XP
Learjet 35/A/36A
2
1
Learjet 60/XR
Legacy 600
Lineage 1000
Sabreliner 65
Total
1
14
1
2
42
51
2014 Deductions by Country and Aircraft Model

32 in Total
Hong Kong
Challenger 300
China
Taiwan
Challenger 601
Total
1
Challenger 605
Citation CJ3
Citation VI/VII
Falcon 2000LX
Falcon 7X
Gulfstream G200
Gulfstream G450
Gulfstream G550
Global 5000
Global 6000
Global Express
Hawker 4000
Hawker 900XP
52
Macau
3
1
Learjet 60/XR
Total
16
1
1
10
32
GREATER CHINA
GREATER CHINA MARKET TRENDS

In the context of the Asia Pacific region, not too surprisingly due to the dominance of the China market, the
Greater China business jet fleet at the end of 2014 represents the lions share of the installed fleet in the AsiaPacific region with 59% of the aircraft (439 in total). Individually, China represents 40% of the Asia Pacific fleet,
followed by Hong Kong with 15%, Taiwan 2% and Macau 1%.
Compared to year-end 2013 however, the Greater China fleet grew only 15.5% in 2014 pulled down by lower
fleet growth in China specifically and consequently, the Greater China fleet portion of the total Asia Pacific fleet
remained unchanged 2013 to 2014.
From an OEMs perspective and whether their fortunes will rise or fall in the Asia Pacific region in the near
future, different manufacturers have very different dependencies on the Greater China market. Keeping in mind
that the Greater China market is very much a large cabin / long range market, 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%, 72% and 64% for Airbus, Dassault, Gulfstream and Bombardier respectively. Of note are Embraer and
Boeing (57% and 39%), with Embraer having a large fleet in Indonesia to counter balance Greater China, and
Boeing doing very well at placing aircraft throughout the Asia Pacific region.
Year-End 2014 Review

In ASGs 2013 year-end business jet fleet report, it was expected that the Greater China market would grow at
20% and reach 445 aircraft by the end of 2014. ASG also highlighted a number of market drivers that could
end up influencing these numbers.
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 ASGs predictions, market drivers did exactly as expected and 2014 saw growth in the Greater
China market of only 15.5% - a drop of 5% from the growth rate achieved from 2012 to 2013. 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. The Greater China market is very much in
decline.
When breaking the 2013 net numbers down even further versus 2014, new aircraft deliveries held up through
2014 (+21%) and even deletions decreased (-17%). The big change was therefore in the pre-owned deliveries.
In 2013, pre-owned aircraft represented almost half the additions to the Greater China fleet. In 2014 this
number was just 28%. In 2013 there was almost an insatiable, immediate demand for aircraft in Greater China.
The only way to meet this requirement was through more pre-owned aircraft sales, with a vast majority of these
sales being relatively new, i.e. recently delivered & low time pre-owned aircraft. With the austerity measures
and corruption crackdown gaining steam through the course of 2014 however, buyer demand and sentiment
declined, directly impacting pre-owned aircraft sales.
54
GREATER CHINA
Winners and Losers in 2014

If we look at China, Hong Kong, Taiwan and Macau individually, the net business jet fleet growth for 2014 in China
and Hong Kong were almost the same: 16.0% versus 16.3%. This represents a considerable change in the growth
rate of these 2 key markets. In 2013, Chinas fleet grew at 26.7% and Hong Kong at a mere 5.4%. This change in
fortunes is directly attributable to the market drivers outlined above.
Examining Greater Chinas net growth further, in the dominating large size category and up, there were only two
OEMs that added more aircraft in 2014 than in 2013. These were Boeing and Embraer, recognizing though that
these OEMs also have amongst the smallest market shares in Greater China. All the other OEMs Gulfstream,
Bombardier, Falcon and Airbus added less aircraft in 2014 than in 2013.
On the important topic of new aircraft deliveries, Gulfstream, Bombardier, Cessna and Boeing all increased their
deliveries of new aircraft into Greater China in 2014 (however, see Forecast for 2015). All the other manufacturers
either saw flat growth or delivered fewer new aircraft than in 2013. The top 4 aircraft models delivered in 2014 were
the G550, the G450, Falcon 7X and Global 6000.
For pre-owned aircraft deliveries, only Falcon and Hawker saw increases and only Gulfstream saw their deletions
increase.
Of note is also the small 2014 net growth in the Light and Very Light size categories. 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.
The only category which has seen a declining growth year on year 2012 through 2014 is the Medium size category.
NET FLEET GROWTH 2012-2014

Per Aircraft Base
297
256
2012
2013
2014
202
93 98
114
14 11 11
China
Hong Kong
Macau
15 17
Taiwan
55
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
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
Light
12
Boeing
Net Fleet Growth 2012-2014 by Size Category

151
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
55
10
10
Gulfstream
G200
9
8 8
Challenger Citation XLS/+

870
/Excel
Challenger
605
Falcon
900LX
7 6
3
Global
Express
Hawker
800/850
5 5
5 55
1 1
Citation
Mustang
CRJ200 VIP
8 8
Legacy
650
Citation
CJ1/+
7 7 8
7
2
ACJ319
4 4
4 4 4
Global
5000
Citation
Sovereign/+
Learjet
35/36
Gulfstream
G650
Hawker
900/XP
A319ER
3 3
Legacy
600
Challenger
604
Global
6000
6 6
Challenger Global Express Lineage

ACJ318
300
XRS
1000/1000E
4 4
4 4 4
4 44
Learjet
60/60XR
BBJ
Challenger
850
Gulfstream
G280
3 3
Gulfstream Gulfstream V Hawker

IV/IV-SP
400/XP/XTi
5
2
2 2 2
2 22
BBJ2
Citation
II/Bravo
Citation
S/II
3 2
Falcon
2000LX
2 2
Falcon
900DX/EX
57
58

1
-1
2
2
-2
-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
Global Express
1
2013
Global 6000
2
1
2
-1
6
Global 5000
3
1
CRJ200VIP
2012
Challenger 870
13
Challenger 850
Challenger 605
Challenger 604
Challenger 601
1
17
Challenger 300
BBJ2
BBJ
-1
1
ACJ330
ACJ320
ACJ319
ACJ318
Airbus 319VIP
GREATER CHINA
Net Fleet Change by Model 2012-2014
2014
-2 -2
-1
-1
1
1
-2
4
-4
-6
-6
-4
-5

-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
Hawker 400 /A/XP
Gulfstream IV-SP
Gulfstream G650
Gulfstream G550
Gulfstream G450
Gulfstream G280
Gulfstream G200
2
2
-1
Gulfstream G100
Phenom 300
Lineage 1000E
Lineage 1000
12
Leagacy 650
-1
2
1
Legacy 600
-5
7
Falcon 900LX
2
1
2
-1
-3
Falcon 7X
Falcon 2000
1
-1
Citation XLS/+
1
-1
Citation X
Citation VI/VII
GREATER CHINA
14
11
12
19
3
22
12
59
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
102
61
GREATER CHINA
Net Additions in 2014

59 in total
-1
Falcon 7X
-6
Gulfstream G550
11
7
-1
Global 6000
-5
Gulfstream G450
Legacy 650
4
Gulfstream G280
1
BBJ
-1
Global 5000
2
3
Citation XLS/+
Hawker 800A/B/XP
BBJ2
Citation Mustang
Falcon 900LX
Lineage 1000
Lineage 1000E
Gulfstream 650
ACJ330
ACJ320
Challenger 850
Global Express XRS
Falcon 2000S
Hawker 400/A/XP
-1
Learjet 60/XR
-1
-1
Citation VI/VII
-1
Hawker 900XP
-1
Challenger 300
-1
Citation CJ3
-1
Global Express
-2
Falcon 2000LX
-2
Challenger 605
-2
Challenger 601
-2
-3
Deductions
New Deliveries
Pre-owned
-4
Gulfstream G200
62
Challenger 870
Hawker 4000
-3
GREATER CHINA
New Deliveries by OEM 2013-2014

25
2013
2014
19
16
10
14
9
5
2
Gulfstream
Bombardier
Dassault
Embraer
Cessna
Boeing
MODEL
2013
2014
ACJ318
ACJ319
ACJ320
ACJ330
BBJ
BBJ2
Challenger 300
Challenger 605
Challenger 850
Challenger 870
Global 5000
Global 6000
Citation CJ1
Citation Mustang
Citation XLS/+
Falcon 7X
11
Falcon 900LX
Falcon 2000
Legacy 600
Legacy 650
Lineage 1000/E
Phenom 300
Gulfstream G280
Gulfstream G450
13
Gulfstream G550
11
Gulfstream G650
Total
56
68
Airbus
63
GREATER CHINA
Pre-owned by OEM 2013-2014

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

2013
2014
15
11
11
10
9
4
Gulfstream
Bombardier
Hawker
6
3
Dassault
Cessna
Airbus
Embraer
MODEL
2013
2014
ACJ318
Challenger 300
Challenger 601
Challenger 605
CRJ200VIP
Global Express
Global Express XRS
Global 5000
Global 6000
Learjet 60/XR
Citation CJ3
Citation XLS/+
Citation VI/VII
Falcon 2000
Falcon 2000LX
Falcon 7X
Lineage 1000
Gulfstream G200
Gulfstream G450
Gulfstream G550
Gulfstream IV
Hawker 750
Hawker 800A/B/XP
Hawker 900XP
Hawker 4000
Total
42
35
65
66
Challenger 300
111
111
11
11
11
Falcon 2000LX
11
Lineage 1000

22
25
2012
34
2012
2013
2014
34
40
45
8
8
2013
2014
Hawker 900/XP
22
Hawker 800/850
33 3
Hawker 4000
111
Hawker 4000
Gulfstream G550
8
Gulfstream V
67
2 2
Gulfstream G650
TAG Aviation
Gulfstream IV-SP
33 3
Gulfstream G450
BAA
2013
57
Gulfstream G550
1
32
Gulfstream G200
2012
Gulfstream G450
111
Gulfstream IV
Gulfstream G200
32
Gulfstream G550
Falcon 900LX
Gulfstream G450
Gulfstream G200
Falcon 900LX
18
21
20
Falcon 900LX
4
1
Falcon 900EX
111
Legacy 650
Falcon 2000S
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
Citation CJ1/+
333
Learjet 60/XR
Global Express XRS
7
1
Global 6000
11
Global Express
Global 6000
Challenger 605
BBJ
2
Global 6000
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
5
22
49
111
Global Express XRS
11
Jet Aviation
11
111
China Eastern
33
111

Citation XLS/+
Legacy 600
Legacy 650
Lineage 1000
21
2012
11
2012
2013
22
2013
14
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 /+
Gulfstream G450
1
Gulfstream G200
11
Global Express XRS
Metrojet
Gulfstream G450
Global 5000
Gulfstream G200
Falcon 900LX
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
Challenger 605
111
BBJ
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
Gulfstream G450
22
Hongkong Jet
China United
2012
7 7
17
Lily Jet
2012
1
111
11
2013
2013
18
11
Hawker 900/XP
Gulfstream G550
Gulfstream G450
2012
Hawker 4000
Lineage 1000E
Gulfstream G280
Citation VI/VII
Citation Bravo/II
555
Lineage 1000
Gulfstream G200
Global Express XRS
1
Global Express
Falcon 2000
Gulfstream G650
Legacy 650
Falcon 900DX
Minsheng Intl Jet
Gulfstream G550
Legacy 650
1 1
Falcon 7X
11
CRJ200VIP
Global 6000
Global Express XRS
3
11
Global 5000
Challenger 870
3 3
Global Express
22
CRJ200VIP
Challenger 850
ACJ319
Citation XLS/+/Excel
Global 5000
11
Challenger 605
22
Falcon 7X
Challenger 605
Challenger 604
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
69
GREATER CHINA
FOREIGN AIRCRAFT OPERATION HIGHLIGHTS* IN CHINA

Landing Slot Restictions
Aerodrome Specific Restrictions

Beijing Capital Intl Airport
(ZBAA)
No takeoff between 07:00 - 09:59
Beijing Capital Airport (ZBAA)
No double
Only one slot avialable 06:00 - 23:59
Shanghai Hongqiao Airport (ZSSS)
movement
No takeoff & landing between 00:00 - 05:59
Shanghai Hongqiao Airport

(ZSSS)
Not allowed to operate to/from the east /
northeast direction between 07:00 - 22:59
Shanghai Pudong Airport (ZSPD)
between
Guangzhou Baiyun Airport (ZGGG)
08:01 -
Shenzhen Baoan 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.
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.

One permit may only contain 6 sectors.
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. Once submitted, it may

not be revised.
GREATER CHINA
FORECAST FOR 2015

The forecast for 2015 for the Greater China market is dire indeed. For one, 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. 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. But whereas 2014 was propped up by new
aircraft deliveries from the OEMs, this will not be the case in 2015. As noted earlier, new aircraft deliveries slightly
increased in 2014. However, this was the end result from orders placed in 2012 and 2013. 2015 will see a decline
in new deliveries as OEM sales in Greater China declined in 2014.
Additionally a major influence on new aircraft deliveries by OEMs in 2015 will be the existing backlog with the
Chinese leasing companies. By ASGs estimation, between the 5 main Chinese business jet leasing companies,
there exists roughly 30 new aircraft either delivered and unsold or due to be delivered in 2015 hanging over the
market. 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. Of note and a harbinger for deliveries beyond 2015, even though these leasing companies have historically
been large buyers of new aircraft, they are unlikely to place any new orders in 2015.
The potential silver lining is that while the combined effects of slowing GDP and the governments austerity / anticorruption measure have weighed heavily on the Greater China market in 2014, the relatively favourable exchange
rate, combined with willing sellers, willing operators and willing financiers in 2015 should provide a small measure of
positive outlook for the market.
All things considered through, ASG is still predicting the Greater China market to slow overall in 2015 and growth to
be in the area of just 10%.
No of
Aircraft
Growth
Rate %
+49.8%
500
480
439
+42.3%
+41.5%
380
400
40%
316
+28.3%
300
50%
30%
+25.4%
211
+20.3%
200
148
20%
+15.5%
118
+9.33% 10%
92
100
65
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
71
SUPPORT INFRASTRUCTURE
Airbus
Maintenance Service Centres in Asia Pacific
Facility
Location
Aircraft Model
Line
Maintenance
Heavy
Maintenance
Beijing Support Centre
Beijing, China
ST Aerospace
Singapore
ACJ318/319/320
Sepang Engineering
KL, Malaysia
ACJ318/319/320
HNA Aviation Technik
Haikou, China
ACJ318/319/320
Spare Parts
Refurbishment
China Eastern Technik
Shanghai, China
ACJ318/319/320
AMECO
Beijing, China
ACJ318/319
STARCO
Shanghai, China
ACJ318/319/320
STAECO
Jinan, China
ACJ318/319/320
TAECO
Xiamen, China
ACJ318/319/320
HAECO
Hong Kong
ACJ319/320
Training Centres Worldwide
Hamburg, Germany
Beijing, China
Toulouse, France
Miami, Florida, USA
Bangalore, India
73
Boeing
Facility
Location
Aircraft Model
Line
Maintenance
Heavy
Maintenance
Spare
Parts
Beijing Service Centre
Beijing, China
BBJ/BBJ1/BBJ2
Boeing Shanghai Service
Shanghai, China
BBJ/BBJ1/BBJ2
AMECO
Beijing, China
BBJ/BBJ1/BBJ2
STARCO
Shanghai, China
BBJ
STAECO
Jinan, China
BBJ
TAECO
Xiamen, China
BBJ/BBJ1/BBJ2
SMECO
Chengdu, China
BBJ
Refurbishment
HAECO
Hong Kong
BBJ/BBJ1/BBJ2
Jet Aviation
Singapore
BBJ/BBJ1/BBJ2
ST Aerospace
Singapore
BBJ/BBJ1/BBJ2
London Gatwick, UK
Seattle, Washington, USA
Istanbul, Turkey
Casablanca, Morocco
Atlanta, Georgia, USA
Incheon, South Korea
Miami, Florida, USA

Mexico City, Mexico
Singapore
Brisbane, Australia
Sydney, Australia
Melbourne, Australia
74
Buenos Aires, Argentina
Bombardier
Facility
Location
Aircraft Model
Line
Maintenance
Heavy
Maintenance
Spare
Parts
Refurbishment
Bombardier Service Centre
Singapore
Learjet, Challenger and Global
Shanghai Hawker Pacific
Shanghai, China
Global
ExecuJet Haite
Tianjin, China
L60, CL604/605, Global
STAECO
Jinan, China
CRJ200, CL604/605, Global
Metrojet
Hong Kong
CL300, CL604/605, CL800, Global
Jet Aviation
Singapore
L40/45, L60, CL300, CL604/605, Global
ExecuJet Malaysia
KL, Malaysia
L60, CL300, CL604/605, CL800, Global
Airworks
Mumbai, India
L60, CL300, CL604/605, Global
JAMCO
Sendai, Japan
Global
Jet Aviation
Hong Kong
CL604/605, Global
ST Aerospace
Singapore
L40/45, L60
Amsterdam, Netherlands
Montreal, Canada
Burgess Hill, West Sussex, UK

Dallas, Texas, USA
Dubai, UAE
Morristown, New Jersey, USA
Houston, Texas, USA

Toluca, Mexico
75
Cessna
Line
Maintenance
Heavy
Maintenance
Spare
Parts
Refurbishment
Cit Mustang, XLS, Sovereign
Beijing, China
Cit XL, Sovereign, X
Shanghai, China
Cit XLS, Sovereign, X
Okayama Air Service
Okayama, Japan
Cit 500s, Mustang, CJs, Sovereign
SR Aviation
Kuala Lumpur
Cit CJ, Mustang, X
Airworks
Mumbai, India
Cit II, Sovereign
Jet Aviation
Singapore
Cit X
Mjets
Bangkok, Thailand
Cit X, Mustang, CJs (except CJ4)
Facility
Location
Aircraft Model
Cessna Service Centre
Singapore
Beijing Dingshi GA
Fairbanks, Alaska, USA
Antwerp, Belgium
British Columbia, Canada
Hradec Kralove, Czech Republic
Aurora, Oregon, USA
Zurich, Switzerland
Seosan, South Korea
Creswell, Oregon, USA

Bend, Oregon, USA
Kapolei, Hawaii USA

Maui, Hawaii, USA
Riyadh, Saudi Arabia
Sydney , Australia
76
Gig Harbor, Washington, USA

Snohomish, Washington, USA
Dassault
Line
Maintenance
Facility
Location
Aircraft Model
Shanghai, China
F7X, F2000s, F900s
Hawker Pacific Asia
Singapore
All Falcon products
Dassault Business Services
Beijing, China
All Falcon products
Jet Aviation
Hong Kong
F7X, F2000s, F900s
Airworks
Mumbai, India
F900s
TAJ Air
Mumbai, India
F2000EX, F2000EX EASy
Siddhartha Logistics Co Pvt Ltd
Mumbai, India
All Falcon products
Heavy
Maintenance
Spare
Parts
Refurbishment
Chichester, West Sussex, UK

Colombus, Ohio, USA
Merignac, France
Dubai, United Arab Emirates
Dallas, Texas, USA
Teterboro, New Jersey, USA

Whippany, New Jersey, USA
Wilmington, Delaware, USA
Little Rock, Arkansas, USA
77
Embraer
Facility
Location
Aircraft Model
Embraer China Services
Beijing, China
All Embraer Models
STAECO
Jinan, China
Legacy 600/650, Lineage 1000
ExecuJet Haite
Tianjin, China
China Eastern
Shanghai, China
Legacy 600/650
Metrojet
Hong Kong
Hawker Pacific Asia
Singapore
WJA Aviation
Jakarta, Indonesia
Legacy 600/650
Airworks
Mumbai, India
Phenom 100/300, Legacy 600/650
Indamer
New Delhi, India
Phenom 100/300, Legacy

600/650, L1000
Line
Maintenance
Heavy
Maintenance
Spare
Parts
Refurbishment
Paris, France
Dallas, Texas, USA
Long Beach, California, USA
St. Louis, Missouri, USA

Atlanta, Georgia, USA
Houston, Texas, USA
Sao Paulo, Brazil
78
Gulfstream
Facility
Location
Aircraft Model
Gulfstream Service Centre Beijing, China

Metrojet
Hong Kong
Jet Aviation
Hong Kong
Jet Aviation Pte
Singapore
Airworks
Mumbai, India
JAMCO
Sendai, Japan
STAECO
Jinan, China
G200, G450, G550

GV, GIV/GIV-SP, G100, G150, G200,
G300, G350, G450, G550, G650
GIV/GIV-SP, G300/G400, G100, G150,
G200, G450, G500/550, G650
GV, GIV/GIV-SP, G100, G150, G200,
G280, G300/G400, G450, G500/G550
G100, G200, G300/G400, G450,
G500/G550, GIV/GIV-SP, GV
G300/G400, G500/G550, GIV/GIV-SP,
GV
G450
Line
Maintenance
Heavy
Maintenance
Spare
Parts
Refurbishment
Chichester, West Sussex, UK

Colombus, Ohio, USA
Dallas, Texas, USA
Wilmington, Delaware, USA
Hong Kong
Long Beach, California, USA
Savannah, Georgia, USA
Haikou, China
79
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
81
82
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, N.A.
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, Inc.
Sumitomo Mitsui Finance and Lease Co., Ltd.
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. Aircraft transactions are complicated and
involve a sizable number of documents, including sales and purchase agreement, financing agreement, aircraft
management agreement, and all specification, registration, and importation documents, just to name a few. Due to
the unique nature of aircraft transactions, 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 buyers legal interests are best
protected and the best commercial terms are obtained.
ASG will liaise with top law firms should legal services be required, and thereby ensure a smooth transaction both
legally and commercially.
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.
Lee and Li
Tsar & Tsai Law Firm
Shook Lin & Bok
Anderson Mori & Tomotsune
Nagashima Ohno & Tsunematsu
Nishimura & Asahi
Squire Sanders
Bae, 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
Region
Korea
Korea
Korea
Offshore
Offshore
Offshore
Offshore
Offshore
Offshore
Offshore
Offshore
Philippines
Singapore
Singapore
Singapore
Thailand
83
INTERIOR COMPLETION CENTRES WORDWIDE
Fokker Air Services

Papendrecht , South Holland, Netherlands
Lufthansa Technik
Hamburg, Germany
Kvand Aircraft Interiors

Moscow, Russia
SR Technics
Zurich, Switzerland
Delta Interior Design

Sirone, Italy
Haeco Private Jet Solutions
Amac Aerospace
Jet Aviation Management
Xiamen, China
Basel, Switzerland
Airbus Corporate Jet Centre

Toulouse, France
JCB Aero
Auch, France
Sabena Technics
Bordeaux, France
ST Aerospace
Paya Lebar, Singapore
Flying Colours Corp

Singapore
84
Standard Aero, Associated Air Centre Gulfstream Completion Centre

Springfield, IL, USA

St. Louis, MO, USA
Bombardier Aerospace
Appleton, WI, USA
Comlux Completion USA
Peterborough, Ontario, Canada
Wichita, KS, USA
Cascade Aerospace
Flying Colours Corp
Indianapolis, IN, USA
Abbotsford, Canada
Montreal, QC, Canada
Greenpoint Technologies
Innotech Aviation
Kirkland, WA, USA
Montreal, QC, Canada
Cessna Completion Centre
PATS Aircraft Systems
Wichita, KS, USA
Georgetown, DE, USA
Flying Colours Corp

St. Louis, MO, USA
Gulfstream Completion Centre
Embraer Completion Centre
Long Beach, CA, USA
Melbourne, FL, USA
GDC Technics
San Antonio, TX, USA

Savannah, GA, USA
L-3 Platform Integration

Brunswick, GA, US
Waco, TX, USA
Bizjet
Tulsa, OK, USA
Duncan Aviation
Hillaero Modification
Lincoln, NE, USA
Dassault Falcon Jet

Little Rock, AR, USA
Gulfstream Service
Centres Standard
Aero, Associated Air
Centre

Sao Paulo, Brazil
Dallas, TX, USA
Altitude Aerospace Interiors

Auckland, New Zealand
85
OEM Completion Centres

NAME
AIRCRAFT CAPABILITIES
Airbus Corporate Jet Centre
Airbus ACJ Family
Bombardier, Learjet
Dassault Falcon Jet
Falcon
Legacy 600/650, 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, Airbus A330/340/380
Bizjet
Boeing BBJ, 737CL, 737NG, Airbus ACJ Family and Gulfstream
Cascade Aerospace
Boeing
Comlux Completion USA
Boeing BBJ and Airbus ACJ Family
Duncan Aviation
Falcon, Gulfstream, Global, Challenger, Hawker, Learjet, Citation, Embraer, King Air, Astra / Westwind
Elliott Aviation
Hawker, Beechjet, Bombardier
Flying Colours Corp
Challenger, Global 5000/6000, Learjet, Hawker, Falcon, Cessna Citation
Fokker Air Services
Airbus ACJ family
GDC Technics
Boeing BBJ, 767, 787 and Airbus ACJ, A330, A340
Greenpoint Technologies
Boeing BBJ
Haeco Private Jet Solutions
Boeing BBJ and Airbus ACJ
Hillaero Modification Centre
Learjet, King Air, Citation, Pilatus, Hawker, Beechjet, Diamond, Falcon, TBM, Meridian and Westwind
Innotech Aviation
Bombardier
JCB Aero
Boeing BBJ (B737 series) and Airbus ACJ (A320 series)
Boeing BBJ, Airbus ACJ, Bombardier, Gulfstream, Falcon, Hawker
Kvand Aircraft Interiors
Tu-134, TU-154B, M, YAK-40,YAK-42
L-3 Platform Integration
Boeing 707/737/747/757, Airbus A310/340, MD11, Gulfstream, Lockheed
Lufthansa Technik
Airbus ACJ Family, Boeing 737CL, 737NG, 747, 767, 777, 787
PATS Aircraft Systems
Boeing BBJ, 727, Lineage 1000 and CRJ200
Sabena Technics
Airbus, ATR, Boeing, Bombardier, Embraer and Fokker
SR Technics
Airbus A320, A330, A340, A380, Boeing 737NG and MD11
ST Aerospace
Boeing BBJ and Airbus ACJ
Standard Aero, Associated Air Centre
Boeing BBJ and Airbus ACJ, Falcon Jet, Challenger, Hawker, Gulfstream
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
Japan
7
Charter Aircraft Availability by Model

China
Hong
Kong
Macau
Indonesia
ACJ318
Japan
Malaysia
Philippines
Singapore
Thailand
ACJ319
BBJ
Total
1
2
1
Boeing 727-100
Challenger 300
South
Korea
Challenger 601
Challenger 604
Challenger 605
Challenger 850
Global 5000
Global 6000
Global Express
Global Express XRS
2
1
5
5
1
1
Learjet 24
Learjet 35/A/36A
Learjet 45/XR
Learjet 60/XR
Citation Bravo
Citation CJ3
Citation Mustang
Citation V
Citation X
Citation XLS/+
1
1
Citation VI/VII
CRJ200 VIP
1
1
2
Gulfstream G300
5
Gulfstream G550
13
Gulfstream IV-SP
Gulfsream V
1
1
8
1
Gulfstream G650
Gulfstream V
2
1
Gulfstream G450
2
1
Gulfstream G150
Gulfstream G200
Legacy 600
Lineage 1000
Phenom 300
Legacy 650
Falcon 2000LX
Falcon 7X
Hawker 400/A/XP
Hawker 800A/B/XP
Hawker 850XP
Hawker 900XP
Premier I/IA
Sabreliner 65
Nextant 400XT
Total
41
11
17
17
1
1
1
19
120
89
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
91
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
CL 890 CS
88
G350
Total Yearly Cost (Million USD/Year)
Global 5000
CL 870 CS
F 900LX
G650ER
CL 850
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
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. 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
22
G550
Lineage 1000E
10
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
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 )
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
93
UPCOMING AIRCRAFT PROFILE

UPCOMING AIRCRAFT PROFILE
DASSAULT FALCON 8X
Currently in development, Dassaults new flagship, the Falcon 8X, is an ultra-long range jet that puts city pairs such as Hong
Kong - Paris, London - Cape Town, and Los Angeles - Beijing within reach, with a range of 6,450 N.M. The trijet is powered
by Pratt and Whitney Canada turbofans which, at 6,722 pounds, deliver 5% more thrust, and the new wing architecture
lightens the wing and provides more space for fuel. As a trijet, the Falcon 8X will shorten transoceanic routes, and make short,
stable approaches on landing. The PW300 series engines deliver more pounds of thrust per each pound of fuel, resulting
in a reduction of NOx emissions that will rank 30% lower in the Falcon 8X than even the strictest of todays standards. The
operating cost of the Falcon 8X is 35% lower than its competitors. Flying at a maximum altitude of 51,000 feet, its maximum
speed is Mach 0.90 Mach.
The Falcon 8X offers a choice of 30 layouts in its 42.67-foot cabin, the largest in the Falcon fleet. Noise and cabin altitude
are kept low, and the air quality high. Complete connectivity is possible within the cabin, which is FalconCabin HD+ equipped
and WiFi capable. The FalconCabin HD+ cabin management system gives passengers control over their environment from
anywhere in the cabin through their Apple devices. Skybox, the wireless media server with vast iTunes video and music
capacity, is also available as an option.
The three extra feet available in the Falcon 8X cabin can accommodate much more living space. Best of all, the space is highly
configurable to meet the needs of each owner or operator. One can opt for a comfortable three-lounge cabin with a shower aft
and crew rest provisions forward, or even go for a shorter entryway to add yet more lounge space. Other possibilities among
94
the 30 different cabin layouts include a large entryway with spacious, lie-flat crew quarters and a truly grand galley for multiple
meals.
The totally redesigned cockpit is equipped with an EASy flight deck. A wide-screen, head-up display, an optional feature,
integrates enhanced and synthetic vision to optimize situational awareness, even in low visibility conditions. The cockpit also
features the Honeywall next generation 3D color weather radar system with enhanced turbulence detection capability.
GENERAL
Typical Capacity
8 passengers / 3 crew
PERFORMANCE
Max Range
6,450 N.M. / 11,945 km
Mmo
M 0.90
POWERPLANT
P&W Canada
MAX OPERATING ALTITUDE

51,000 ft / 5,545 m
EXTERNAL
Length
80.2 ft / 24.46 m
Height
26.1 ft / 7.94 m
Width
86.75 ft / 26.29 m
3 x PW307D
6,722 lb / 29.9 kN
INTERNAL
Cabin Length
42.67 ft / 13 m
Cabin Width
7.67 ft / 2.34 m
Cabin Height
Cabin Volume
6.17 ft / 1.88 m
1,695 ft/ 48 m
WEIGHT
Max Takeoff Weight 73,000 lb / 33,113 kg
Max Zero Fuel Weight 43,000 lb / 18,598 kg
95
96
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.
Get in touch with us today.
AsBAA is a non-profit driven Asia focused Business Aviation association founded in 2000.
We are a member of IBAC and affiliated with NBAA.
For more information about us and how to join, visit our website: www.AsBAA.org or send an e-mail to: [email protected]
The information contained in this report is provided free of charge for reference only. While such information was
compiled using the best available data as of December 2014, ASG makes no warranties, either expressed or implied,
concerning the accuracy, completeness, reliability, or suitability of such information. ASG is not responsible for, and
expressly disclaims any and all liability for damages of any kind, either direct or indirect, arising out of use, reference
to, or reliance on any information contained within this report.
ASIAN SKY GROUP
THANKS TO
Suite 3905, Far East Finance Centre,

16 Harcourt Road
Admiralty, Hong Kong
Telephone +852 2235 9222
Facsimile +852 2528 2766
www.asianskygroup.com
STRATEGIC PARTNER

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ABOUT ASIAN SKY GROUP

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET

South Korea +5%

Hong Kong +16%

Papua New Guinea

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

FLEET BY OEM & COUNTRY ASIA PACIFIC

% Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Gulfstream 225 (30%)

Cessna 104 (14%)

Papua New Guinea

Bombardier 193 (26%)

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Fleet by Country Top Markets

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Fleet by Major OEM Asia Pacific

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

South Korea 6 (20%)

Hong Kong 5 (17%)

Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

South Korea 3 (2%)

Hong Kong 35 (18%)

Global Express XRS

Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Papua New Guinea 2 (2%)

South Korea 8 (8%)

Papua New Guinea

Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Papua New Guinea 1 (2%)

Hong Kong 8 (14%)

Papua New Guinea

Change from 2013

* includes one aircraft lost in Taiwan

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Hong Kong 4 (9%)

Change from 2013

* includes one aircraft lost in Macau

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

South Korea 2 (1%)

Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

South Korea 1 (2%)

Hong Kong 1 (2%)

Change from 2013

ASIA PACIFIC BUSINESS JET FLEET REPORT YEAR END 2014

Interview and Text by Anthony Lam

Chairman & CEO, Minor Group of Companies