Asian Sky Group

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.

21/10/2024

Business Aviation Asia Forum and Expo to Launch in March 2025

The organiser of the Singapore Airshow, Experia Events, is launching the Business Aviation Asia Forum and Expo (BAAFEx), the only international exhibition in Asia Pacific dedicated to the growing business aviation industry.

Business Aviation Asia Forum and Expo (BAAFEx) will be a biennial event with the first edition to be held from 4 – 6 March 2025 at the Changi Exhibition Centre, a purpose-built exhibition centre for airshows with ample space for aircraft on static display.

The growth of business aviation in Asia Pacific, particularly in Southeast Asia, means there is a need for the business aviation industry to have its own dedicated show in this region.

According to research from Asian Sky Group, the number of business jets in Asia Pacific, as of the end of 2023, was around 1200; making it the third largest market for business jets after North America and Europe.

The city-state of Singapore is an ideal location to hold the show because it is a popular business centre well-connected to the region and the world. According to WingX Advance data, the number of business aircraft departures from Singapore last year was 28 percent above 2019 levels.

Leck Chet Lam, Managing Director of Experia Events, says: "We are thrilled to launch BAAFEx, an event that will not only showcase the latest advancements in business aviation and general aviation, but also provide a platform for industry leaders to collaborate and drive the future of general aviation and business aviation.”

Read the full article:

The organiser of the Singapore Airshow, Experia Events, is launching the Business Aviation Asia Forum and Expo (BAAFEx), the only international exhibition in Asia Pacific dedicated to the growing business aviation industry.

17/10/2024

TAG to add 3 Global 7500s to Asia Fleet in 2025

TAG Aviation says that it will add three Bombardier Global 7500s to its Asia fleet in 2025.

In an October 16th update, the company says that it is adding nine aircraft to its Global fleet, with a total of six aircraft being bound for Asia.

TAG says that the three new Global 7500s are all due to be delivered in ‘Early’ 2025.

“As we enter the final quarter of 2024 and look ahead to 2025, we are very excited to expand our fleet with these new additions and types and offer our charter clients additional aircraft charter options.” Says Steven Young, President, TAG Aviation.

Read the full article: https://www.asianskygroup.com/tag-to-add-3-global-7500s-to-asia-fleet-in-2025-249/

14/10/2024

[Global Jet Capital Global Business Aviation Market Update - Second Quarter 2024]

In Q2 2024, the business jet market continued to normalize from a period of rapid growth following the COVID-19 pandemic.

Flight operations slowed from all-time highs but remained above pre-COVID-19 levels. Transactions stabilized in the quarter after a period of declines. Inventory and values have experienced a shift over the past few quarters. During the post-COVID expansion, older aircraft became very popular due to their wide availability. However, as the market normalized, demand for these aircraft declined. As a result, aircraft listings and inventory for aircraft older than 12 years increased, while values for this segment declined. At the same time, inventories for 12-year-old and younger aircraft increased at a much slower rate and values were stable. OEMs continued to report strong order intake and modestly rising backlogs. As a result, the business jet market remained resilient and is expected to remain active in the second half of 2024.

You can read more about Global Jet Capital's Global Business Aviation Market Update by reading or downloading the Asian Sky Quarterly Q2 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q2/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q22024_gjc

10/10/2024

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

Andrew Young, AMSTAT General Manager said, “The steady reduction in business aircraft median values since early 2023 and increased preowned market choices seems to have spurred buyer interest so far this year with the first half of 2024 seeing nice increase in transaction activity over the first six months of 2023."

In Q2 2024, transactions increased by 14% compared to Q2 2023, a level 10% ahead of the Q2 five-year average. Year-to-date, there have been 6% more preowned transactions than in the first half of 2023. The inventory of preowned aircraft rose by 24% year-over-year, nearing the 10-year average. With higher supply and reduced demand, the market is witnessing a drop in aircraft values. The median value of business aircraft has fallen by 18% from Q2 2023 and by 12% 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 Q2 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q2/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q22024_amstat

09/10/2024

[IADA Market Report - Second Quarter 2024]

With 58 participating dealers sharing their results for the April-May-June time frame, IADA dealers reported 139 new acquisition agreements in Q2 2024, down 7% from Q1 2024 but up 9% year over year (YoY) compared with Q2 2023. While the number of exclusive retainer agreements stayed steady in Q2 2024 from the prior quarter, reduced-price listings were up 86 aircraft YoY through the first half of 2024.

While seemingly significant, the 69% increase in reduced-price listings reported in the first half of 2024 YoY is measured from a relatively small base. As expected, price adjustments are a feature of today’s market as the resetting of value expectations continues after post-pandemic highs experienced in 2021 and 2022.

Impressively, reported activity in Q2 2024 included 366 closed deals, up 20% YoY from Q2 2023. Closed deal activity in Q2 2024 was the highest yet recorded for the second quarter since IADA’s Perspective Survey was initiated in 2020. Year to date in 2024, the 620 closed deals reported were up 14% in volume compared with the first half of 2023, an indicator of a healthy level of exchange activity in a rebalancing marketplace — one in which IADA dealers are the preeminent players.

You can read more about IADA's Market Report by reading or downloading the Asian Sky Quarterly Q2 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q2/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q22024_iada

08/10/2024

[Asia-Pacific Business Jet Flight Activity - Q2 2024 Review]

The total number of business aircraft flights departing from Asia-Pacific in the second quarter was 28,448, a decrease of 8.7% compared to the first quarter. Compared to the same period in 2023, there was a slight decline of 1.9%. The number of flights in June dropped significantly compared to April and May, with a total of 8,652 flights, representing the lowest monthly total over the past year. January recorded the highest number of flights in the past year, reaching 10,576.

Over the past year, business aircraft flights totaled 118,437. The weekly number of business flights fluctuated between 2,000 and 2,500. The most recent peak occurred in February, with approximately 2,500 flights per week. Since then, weekly flights have gradually declined, reaching around 2,000 by June.

You can read more about the Asia-Pacific Business Jet Flight Activity by reading or downloading the Asian Sky Quarterly Q2 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q2/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q22024_flightactivity

07/10/2024

[Asia-Pacific Mood & Intentions - Quarterly Survey]

Q2 2024 Survey Highlights

In Asian Sky Group’s Q2 2024 survey on the industry’s mood and intentions, we received more than 200 responses from business aviation professionals.

1. In Q2, the overall percentage of respondents who felt optimistic about the regional economies in Asia-Pacific, the Middle East & North Africa declined to 79.7% from 85.5% in the previous quarter. The optimism levels decreased across all subregions, with only South Asia, Southeast & Northeast Asia remaining above the average.

2. 56.2% of respondents reported that their aircraft utilization increased in Q2, while 33.6% considered their aircraft utilization has decreased.

3. More than half (56.5%) of respondents were willing to purchase an aircraft in the coming year, with 23.4% willing to buy a new aircraft and 33.1% interested in a used one. However, the intention to purchase both new and used aircraft declined compared to the previous quarter. Large jets were the most popular option for fixed wing purchases while twin-engine turbines were the most selected choice for helicopters.

4. Approximately 43.3% of respondents consider the market to be fairly balanced. 33.3% of the respondents believe it is currently a buyer's market and only 13.3% perceive it as a seller's market.

5. 48.7% of respondents expressed an intention to charter an aircraft within the next three months, a decline from the previous quarter.

You can read more about the Asia-Pacific Mood & Intentions by reading or downloading the Asian Sky Quarterly Q2 2024 on our website: https://www.asianskygroup.com/market_intelligence/asian-sky-quarterly-2024-q2/?utm_source=Facebook&utm_medium=social_media&utm_campaign=report&utm_id=q22024_survey

04/10/2024

The latest edition of Asian Sky News is now available, featuring our newest edition of the Asian Sky Quarterly. This issue includes articles on Dassault Aviation and Ollie Air, along with a Country Spotlight on Vietnam, and Market Spotlight on the Super Medium Helicopters - https://mailchi.mp/asianskygroup/october-newsletter-4888580

03/10/2024

Textron Changes its Mind & Exhibits at NBAA-BACE

Textron Aviation has had an apparent change of heart and has reversed its previous decision not to exhibit at the upcoming NBAA-BACE (National Business Aviation Administration Business Aviation Convention & Exhibition) in Las Vegas.

Textron’s surprise decision to exhibit at NBAA-BACE comes just a week after its previous surprise decision to pull out of the event just a month before it opened.

In a statement, the Wichita-based manufacturer stated that it had reversed its decision based on feedback that it had received from its customers.

“In response to customer feedback, Textron Aviation will return to the 2024 National Business Aviation Association Business Aviation Convention and Exhibition (NBAA-BACE) with a static display of industry-leading Citation aircraft,” said the company in an October 2nd Press Release.

Read the full article:

Textron Aviation has had an apparent change of heart and has reversed its previous decision not to exhibit at the upcoming NBAA-BACE (National Business Aviation Administration Business Aviation Convention & Exhibition) in Las Vegas.

03/10/2024

Asia-Pacific had the largest based fleet of Super Mediums at the end of Q2 2024 with a fleet of 46, followed by Europe with 40 and Latin and South America with 18. There were no H175s based in the Middle East or North America.

Over 60% of the Super Medium Fleet was deployed in offshore oil and gas support missions, with around one-quarter in search and rescue (SAR). Super Mediums were also flown in the VIP, law enforcement and multi-mission sectors.

While the majority of the fleet was operated in the offshore role, as intended by the OEMs, fleet pe*******on in that sector has been relatively weak. Both the AW189 and H175 arrived on the market at a time when the offshore oil and gas market was slowing down, and oil have remained remained relatively low since then. More recently, the COVID-19 pandemic contributed to a lower demand for fleet replacement and new growth opportunities in oil exploration.

Read the full article: https://www.asianskygroup.com/market-spotlight-super-medium-helicopters/?utm_source=Facebook&utm_medium=social_media&utm_campaign=q2_2024&utm_id=q2_2024_supermedheli