Aviation finance specialist Global Jet Capital reveals that 386 mid-to-heavy private jets were delivered to the Asia Pacific region between 2011 and 2015, with a combined value estimated at over $19.3bn. The company made the announcement at this week’s ABACE 2016 show in Shanghai.
The number of aircraft deliveries to China almost tripled compared to the previous five-year period. With 196 aircraft, China accounted for over half of all mid-sized to heavy jet deliveries to Asia Pacific between 2011 and 2015. It was followed by Hong Kong (68 deliveries), India (23 deliveries) and Singapore (15). Total large jet deliveries were up 51% compared with the earlier period.
Also at ABACE, Global Jet Capital announced that there are currently around 972 mid to large private jets in Asia Pacific, and 30% (294) of these are in China, which is more than any other country in the region. Overall, 37% of the region’s fleet of business aircraft are mid to heavy — well above the corresponding figure for the global fleet (32%).
Nearly all (93%) of Hong Kong’s 129 business aircraft are mid to heavy in size. This is followed by Singapore (73%) and China (69%).