Asia Pacific Business Jet Market Trend (Part 2)
New Deliveries / Pre-owned Additions / Deductions
With 24 business jets added to its fleet (four less than in 2017), Gulfstream had the largest number of new deliveries in 2018 and accounted for 44% of total new deliveries in the Asia-Pacific region. The G650/ER family still remained the most popular newly delivered aircraft, accounting for 17 total new aircraft deliveries.
In terms of the total additions, Bombardier has overtaken Gulfstream as the top OEM. Outperforming all its competitors with 33 aircraft additions, comprising of 11 new deliveries and the highest number of pre-owned additions of 22. Bombardier’s Learjet 60/XR (four additions) was the most popular pre-owned addition in 2018, followed by Falcon 2000 and Learjet 35/36 (three additions each).
Although Gulfstream enjoyed the largest number of newly delivered aircraft into Asia Pacific, it was also the OEM with the highest number of deductions from the region. Gulfstream’s G550 witnessed a total of nine deductions followed by G450 and Falcon 7X with six each.
The regional fleet has been growing y-o-y since 2014, although decreasingly but expected to register higher growth at YE 2019 as more and more new deliveries of new aircraft types (G500, G600, Global 7500 and Longitude) enter the region. Global deliveries of new aircraft are expected to increase 8% in 2019.