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Asian Sky Media announces the release of the Asia-Pacific business jet fleet report YE2021

There were 1,215 business jets operating in Asia-Pacific at the end of December 2021, which was a decrease of 1.1% from the end of 2020.

Hong Kong – Asian Sky Media, a wholly-owned subsidiary of Asian Sky Group, today released the yearend 2021 edition of its highly anticipated Asia-Pacific Business Jet Fleet Report. The 10th-anniversary edition includes several special features, while still providing the definitive coverage and breakdown of the Business Jet fleet in the Asia-Pacific region.

There were 1,215 business jets operating in Asia-Pacific at the end of December 2021, which was a decrease of 1.1% from the end of 2020. Overall, there were 33 new deliveries, 68 pre-owned additions, and 114 deductions, which contributed to a net decline of 13 business jets from the fleet.

Mainland China remains the largest market in the Asia-Pacific region. Despite headlines earlier in the year suggesting that a large number of aircraft had left the Chinese fleet, mainland China’s fleet declined by 1.7% in 2021 with a net loss of just six aircraft. Hong Kong, Asia-Pacific’s fourth-largest market, saw the most net declines, with a total of 19 jets leaving the fleet. Japan saw the most additions, with the eight aircraft entering the country helping the fleet grow by 14%.

The number of pre-owned business jets entering the Asia-Pacific fleet grew by 28% in 2021, increasing from 53 in 2020 to 68 in 2021. New deliveries in the region continued their decline, with the 33 in 2021 being 13% fewer than the 38 new deliveries in 2020. Bombardier overtook Gulfstream and became the OEM that delivered the most business jets into the APAC region in 2021, with 12 units in total, making up 36% of total new deliveries.

Sino Jet was again the biggest operator in the region with a fleet of 46 business jets, which was a net reduction of one aircraft from the previous year. 2020’s second-biggest operator TAG Aviation saw a net reduction of six aircraft from its fleet in 2021, enabling BAA to take its place as the second-biggest operator and Deer Jet as the third. BAA’s fleet saw no net reductions during the year, whilst Deer Jet saw one. Overall, none of the top five operators saw net additions to their fleets, instead, they saw a combined net deduction of 16 aircraft during the year.

Special features in the 10th-anniversary edition include a look at the number of business jets in a country versus its population size and the number of billionaires. This can be used as a proxy to determine how developed the business aviation market is in individual countries, with the most developed having a higher number of business jets per capita/billionaires. New Zealand tops the list with 14.5 business jets per billionaire, whilst South Korea comes last with just 0.47.

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