Global Jet Capital research shows Chinese domination of Asian Mid to Large private jet market
New research from Global Jet Capital reveals that there are around 1,077 midsize, large and jet airliner private aircraft in Asia Pacific, and over a third (34% or 363 aircraft) of these are in China – more than any other country in the region.
Overall, 38% of the region’s fleet of business aircraft is mid to large cabin, a significantly higher proportion than in the global fleet, where the corresponding figure is 32%.
Nearly all (92% or 128 aircraft) of Hong Kong’s 139 business aircraft are mid to heavy in size. This is followed by Singapore, where 75% of its fleet of business aircraft are in this category, and China where the corresponding figure is 70%.
|Country||Midsize, heavy and jet airliner fleet size||Share of country’s fleet of business aircraft|
|Rest of Asia Pacific||55||16%|
|ALL ASIA PACIFIC||1,077||38%|
Global Jet Capital believes Asia offers strong opportunities for growth in the business aviation sector. It is seeing a growing number of enquiries in the region to help finance the purchase of large to mid-sized jets, and it has recently appointed Violet Kwek as sales director, Greater China. It is also looking to recruit more people to bolster its team in the region.
Violet Kwek said: “A number of the Asian economies are currently some of the best performing in the world, and we expect this to contribute to strong growth in the business aviation sector here. This, combined with the fact that the market has a high concentration on mid to heavy jets, makes this region very attractive for us, and we anticipate enjoying strong growth here over the next few years.”