Asian Sky Group

15/01/2025

Global Economies seemed to pause in Q3, with many people holding their breath waiting for the outcome of the US Presidential Election in Q4.

But did that result go the way that many people hoped? And would we close out 2024 with renewed optimism?

It’s time once again for ASG’s market survey.

It only takes less than three minutes to complete and ASG very much wants your opinion: https://survey.alchemer.com/s3/4075387/Business-Aviation-Market-Outlook-Survey/?utm_source=Facebook&utm_medium=social_media&utm_campaign=2024q4survey&utm_id=q4survey20250115

02/01/2025

Asian Sky News is now available, featuring the latest Asian Sky Quarterly and industry news including VistaJet's membership growth in Japan and Sino Jet establishing an international HQ in the Middle East - https://mailchi.mp/asianskygroup/january-newsletter-4888820

17/12/2024

Sino Jet to Set Up Middle East International HQ

Hong Kong-based private jet management and charter specialist Sino Jet is expanding outside of its native Asia by opening up a new international headquarters in the Middle East.

Sino Jet made the announcement during the 2024 Middle East Business Aviation Association (MEBAA) biennial exhibition held recently in Dubai.

The company will partner with Dubai-based ground handling and flight support company Jetex, which is based at Al Maktoum International Airport - the site of the MEBAA exhibition.

According to the partnership agreement that was signed between the two companies, Sino Jet and Jetex will collaborate closely by sharing resources and operational coordination to “ensure that clients around the world receive seamless, efficient, and convenient flight service experiences.”

Read the full article:

Hong Kong-based private jet management and charter specialist Sino Jet is expanding outside of its native Asia by opening up a new international headquarters in the Middle East.

12/12/2024

As a valued reader and business aviation professional, we would love to have your responses to our Quarterly survey.

It only takes less than three minutes to complete: https://survey.alchemer.com/s3/4075387/Business-Aviation-Market-Outlook-Survey/?utm_source=Facebook&utm_medium=social_media&utm_campaign=2024q4survey&utm_id=q4survey20241212

Please click the link here if you haven't already seen last quarter's results: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q3/?utm_source=Facebook&utm_medium=social_media&utm_campaign=2024q4survey&utm_id=q4survey20241212

06/12/2024

[AMSTAT Global Pre-owned Market Update - Third Quarter 2024]

Andrew Young, AMSTAT General Manager said, “Earlier in the year we could say that the steady reduction in business aircraft median values since early 2023 and increased preowned market choices seems to have spurred buyer interest across all market segments. However, as the year has progressed while overall transaction activity is up, the demand year-over-year has been greater in the Heavy and Super-Mid Jet segments while it seems to have stalled in the Medium Jet, Light Jet, and Turboprop segments.”

Year-to-date (YTD) 2024, transactions increased by 7% compared to the same period in 2023, a level 1% ahead of the five-year average for the first 8 months of each year. The inventory of preowned aircraft rose by 18% year-over-year, and the percentage of the fleet for sale (8.3%) now exceeds the 10-year average (7.8%). Despite good transaction activity the median value of preowned aircraft has dropped 13% since the start of the year.


You can read more about AMSTAT's Global Pre-owned Market Update by reading or downloading the Asian Sky Quarterly Q3 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q3/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q32024_amstat

03/12/2024

Asian Sky News is now available, featuring the latest Asian Sky Quarterly and industry news on Asian Sky Group's win at AsBAA's Icons of Aviation Awards and Pratt & Whitney Canada's customer events partnership with INAEC - https://mailchi.mp/asianskygroup/december-newsletter-4888719

02/12/2024

[Asia-Pacific Business Jet Flight Activity - Q3 2024 Review]

During Q3 2024, the total number of business jet flights departing from the Asia-Pacific region reached 28,351, a minor decrease from the 28,448 flights recorded in the previous quarter. Compared to the same period last year, business jet departures in Asia-Pacific showed a slight increase of 1.6%. Following a one-year low point in June, monthly flight numbers gradually increased throughout Q3, culminating at 9,808 flights by the end of September.

Over the past year, the number of business jet flights totaled 118,886, with an average of 2,286 flights per week. During Q3, the average weekly flights were around 2,150, slightly lower than the annual average. However, by the end of September, this figure surged to more than 2,500 weekly flights, indicating signs of increased demand in the Asia-Pacific business aviation market

You can read more about the Asia-Pacific Business Jet Flight Activity by reading or downloading the Asian Sky Quarterly Q3 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q3/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q32024_flightactivity

26/11/2024

Experia Events Launches Singapore Business Aviation Exhibition

Whilst the rest of the world began to slowly lift their Covid restrictions, Asian countries took a more cautious approach, especially mainland China, which was one of the last countries to open its borders again.

With China shut, and large-scale gatherings largely frowned up, the organizers of the annual Asian Business Aviation Convention and Exhibition (ABACE), which had been held in Shanghai every year, had no choice but to cancel the event. The most recent ABACE was held in 2019, since then the show has not run again.

This left a big gap in the Asian business aviation calendar. Sure, there were other events where people could get together, like the annual Corporate Jet Investor conference in Singapore, or Asian Sky Group’s annual Asian Sky Forum, and whilst these conference settings are great for meeting and learning, Asia still lacked a dedicated business aviation exhibition, where companies could show off their latest products, and visitors could see first hand the latest innovations being made in the industry.

So with ABACE off the menu for the foreseeable future, a new event is going to be held, this time in Singapore. And although the event is new, the organizers aren’t – It is being arranged by Experia Events, the team behind the Singapore Airshow.

Read the full article: https://www.asianskygroup.com/experia-events-launches-singapore-business-aviation-exhibition/?utm_source=Facebook&utm_medium=social_media&utm_campaign=q3_2024&utm_id=q3_2024_experiaevents

21/11/2024

[Asia-Pacific Mood & Intentions - Quarterly Survey]

Q3 2024 Survey Highlights

In Asian Sky Group’s Q3 2024 survey on the industry’s mood and intentions, we received more than 200 responses from business aviation professionals.

1. Compared to Q2, the optimism levels in Asia-Pacific, the Middle East & North Africa in Q3 declined from 79.7% to 77.2%. Greater China and Oceania witnessed an increase in economic optimism, whilst the Middle East & North Africa, South Asia and Southeast & Northeast Asia all saw declines.

2. A total of 48.8% of respondents indicated that their aircraft utilization increased in Q3, whilst 26.2% noted a decrease in utilization. Additionally, 25.0% felt their utilization remained unchanged.

3. Among all respondents, 56.6% expressed their interest in purchasing an aircraft within the coming year - a figure consistent with the previous quarter. Of those interested, 34.0% planned to buy a pre-owned aircraft, while 22.6% preferred a new one. Large jets and twin turbines continue to be the most popular choices for fixed-wing aircraft and helicopters, respectively.

4. Only 29.4% of respondents perceived the market for preowned aircraft as relatively balanced, a decrease from 43.3% in the previous quarter. Meanwhile, 41.2% viewed it as a buyer's market, and 20.6% considered it a seller's market.

5. Some 44.4% of respondents planned to charter aircraft in the next three months, down from 48.7% in the previous quarter.

You can read more about Asia-Pacific's Mood & Intentions by reading or downloading the Asian Sky Quarterly Q3 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q3/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q32024_survey

21/11/2024

Asian Sky Group's, Jeffrey C. Lowe attended and spoke at 2024!

Jeff was one of the speakers on the panel discussion "Opportunities outside North America: Is the market tilting back to international deals" moderated by Matt Potts from Jaffa & Co. He was joined by industry experts Mark Butler from Action Aviation and Heather Gordon from Martyn Fiddler Aviation, diving into key insights on the evolving landscape of business aviation, especially in Europe.

Asian Sky Group would like to give special thanks to Corporate Jet Investor, and all the panellists for their insightful contributions!

12/11/2024

Asian Sky Group Wins Big at ASBAA’s Icons of Aviation Awards

Asia-Pacific’s premier business aviation transactions, consultancy and media company, Asian Sky Group (ASG), announces that it won two prestigious awards during the Asian Business Aviation Association (AsBAA) annual Icons of Aviation awards gala.

Held in Macau on November 9, the Icons of Aviation awards celebrate the finest business aviation companies across Asia-Pacific, nominated and voted for by the association members.

Asian Sky Group took home the top prize in two categories: Best Business Services Provider, and Best Media.

The keenly coveted Best Business Services Provider award recognizes Asian Sky Group's multifaceted service offerings, ranging across aviation transactions and consultancy services, charter brokerage, market research and media services, and is an award given to companies that have demonstrated their commitment to excellence in more than just one category.

“We are grateful to our industry peers, partners, fellow AsBAA associates, and above all to our clients, for their tremendous vote of confidence in Asian Sky Group’s spectrum of business aviation services,” said Nadav Kessler, Managing Director, Asian Sky Group. “This award is of true importance to us as it signifies exactly what Asian Sky Group is; a highly professional, service-oriented, versatile company, determined to bring high-performance value to the industry and to our clients.”

To round off the successful evening, Asian Sky Group also won the Best Media award, which it has now won for six consecutive years.

“Winning the media award for the sixth consecutive year is as important to us as it was the first year we won. We have never become complacent and every year we strive even harder to bring the most important data and intelligence to the market.” Says Kessler. “This year saw us go back to our core by improving and reimagining our market reports, and next year we are excited to bring you a brand-new look not only for our award-winning yearly Fleet Reports, but also for critically acclaimed Quarterly publication.”

11/11/2024

[Market Spotlight: Global 6000 & Global 6500]

Bombardier launched the Global 6000 in 2011 with production commencing in 2012. The Global 6000 is based on the earlier Global XRS, itself an improved version of the original Global Express, which first entered service back in 1999.

The Global 6000 features Bombardier’s Vision flight deck as standard, based on the Rockwell Collins Pro Line Fusion avionics suite. Other improvements over the XRS variant include better sound proofing, lower fuel burn and extended maintenance intervals. It has a range of 6,000 nautical miles with eight passengers at Mach 0.85 cruise speed, with a maximum capacity of 17 passengers, depending on cabin configuration. The Global 6000 features the same fuselage cross section as the CRJ regional jet and Challenger 600 series business jet. A typical Global 6000 cabin features a three-zone layout with forward galley and crew rest area. A total of seven sleeping positions are available for a 14-seat cabin configuration. Deliveries of the Global 6000 began in 2012 and more than 320 were delivered.

The Global 6500 was launched in May 2018, alongside the Global 5500, which replaced the Global 5000. This completes the new line-up of Bombardier’s large cabin, long-range jets, with the 6500 positioned between the smaller Global 5500 and the larger, 7,700 nautical mile capable Global 7500. The Global 6500 features an optimized wing, updated Rolls-Royce Pearl engines, higher cruise speed, longer range of up to 6,600 nautical miles and a revamped cabin based on the Global 7500. Around 110 Global 6500s have been delivered to operators worldwide, and the 6500 competes in the same sector as the Global 6000 and its competitors.

Read the full article: https://www.asianskygroup.com/market-spotlight-global-6000-and-global-6500/?utm_source=Facebook&utm_medium=social_media&utm_campaign=q3_2024&utm_id=q3_2024_global_6000_6500_feature

01/11/2024

Asian Sky News is now available, featuring the latest Asian Sky Quarterly. This issue includes articles on Dassault Aviation and Phenix Jet's Bombardier Global 7500, an exclusive interview with Experia Events, along with a Market Spotlight on the Global 6000 and 6500. Lastly, industry news on TAG Aviation, Honeywell and Gulfstream - https://mailchi.mp/asianskygroup/november-newsletter-4888614

29/10/2024

The US Federal Aviation Administration has approved a

Supplemental Type Certificate (STC) application lodged by Gulfstream Aerospace Corporation to retrofit Starlink internet connectivity to its G650 & G650ER private jets.

Starlink is a wholly owned subsidiary of Elon Musk’s company SpaceX. Its internet connection options promise reliable high-speed connections all over the world, including low latency (the time it takes for a request from a device to be processed and sent back) and download speeds of up to 220 Mbps. The company’s website says that it offers a package for $10,000 per month, which includes ‘Global Unlimited Business Aviation Data’.

“Starlink is an offering that we know is important to operators,” said Derek Zimmerman, president, Gulfstream Customer Support. “Our team has invested extensive time and resources preparing for this certification, and we are well-positioned across our service network to provide a seamless installation. Having the capability to install this connectivity upgrade at our own facilities, in the hands of our trusted team of experts, is part of our ongoing commitment to our customers.”

Gulfstream says that it’s currently working on gaining STC’s for its current in production and upcoming aircraft, as well as its Gulfstream IV/V, and G450 & G550.

Read the full article:

The US Federal Aviation Administration has approved a Supplemental Type Certificate (STC) application lodged by Gulfstream Aerospace to retrofit Starlink internet connectivity to its G650 & G650ER private jets.

24/10/2024

Dassault’s Asia-Pacific Strategy is Built on Ground Support

It may come as a surprise that one of Asia’s top maintenance networks launched its first service center in Lanseria, South Africa. That company is ExecuJet MRO Services, wholly owned by Dassault Aviation and supporting not just its Falcon line but other leading business jet brands, as well.

Known for its fighters and business jets, Dassault long had strong service in Europe and the U.S. But as business grew in Asia, it knew it needed more regional capability. It acquired ExecuJet’s maintenance arm in 2019, rebranding it ExecuJet MRO Services, and named one of ExecuJet’s founders, Graeme Duckworth, president. Duckworth from the beginning was managing director for maintenance.

ExecuJet MRO Services has major new facilities in Dubai and Kuala Lumpur (it’s hub for Asia-Pacific), as well as Melbourne, Sydney, Perth, Wellington and Auckland. As part of a joint venture, it has opened a new facility, ExecuJet Haite, at Beijing Daxing International Airport.

Read the full article: https://www.asianskygroup.com/dassaults-asia-pacific-strategy-is-built-on-ground-support/?utm_source=Facebook&utm_medium=social_media&utm_campaign=q3_2024&utm_id=q3_2024_dassault

23/10/2024

A huge thank you to Elite Wings for featuring our very own Jeffrey C. Lowe in its latest edition.

Jeffrey was asked to share his views on the dynamics of the Asia-Pacific business jet market, in which he highlighted key trends in China, Australia and India.

You can read more about Elite Wings' 2024 Pre-Owned Business Jet Guide on their website:

22/10/2024

The latest edition of the Asian Sky Quarterly is now available to read and download!

Featuring all the in-depth market intelligence you have come to rely on, Asian Sky Quarterly is the go-to source for all the latest data and analysis on business aviation and rotorcraft in the Asia-Pacific region. This edition includes an Asia-Pacific Business Jet Flight Activity Q3 review, a Market Spotlight looking into the Global 6000 and Global 6500 with an analysis of the Asia-Pacific-based fleet.

Asian Sky Quarterly also includes a feature that takes a look at Dassault’s service offerings in Asia-Pacific, an exclusive interview with Experia Events Pte Ltd as well as a feature on a Phenix Jet Cayman (Hong Kong) Bombardier Global 7500 flight between Hong Kong and Tokyo.

Read your copy here: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q3/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=quarterly_q32024

22/10/2024

Honeywell Slashes Asia-Pacific Five-Year Delivery Demand Forecast

US avionics and components manufacturer Honeywell has slashed the number of new jets that it says will be delivered to the Asia-Pacific region over the course of the next five years.

Honeywell releases a business aircraft delivery forecast every year on the eve of the NBAA-BACE event, which this year is being held in Las Vegas.

The forecast looks at the next five-year period, and uses global economic forecasts, industry analysts’ reports, aircraft manufacturers’ development and production schedules, and other sources.

In its forecast it says that says that 7% of all business jet deliveries over the course of the next five years will be delivered to Asia-Pacific, down from the 11% it predicted in its previous forecast, with the 4% difference itself being a drop of 36%.

As well as cutting the number of new aircraft that Honeywell says will be delivered into the Asia-Pacific region, the company has also halved the number of aircraft it says will be delivered into Africa and the Middle East.

Read the full article:

US avionics and components manufacturer Honeywell has slashed the number of new jets that it says will be delivered to the Asia-Pacific region over the course of the next five years.