Business Jet Fleet Report

Business Jet Fleet Report – YE 2023

Asia-Pacific Business Jet Fleet Growth: At the end of 2023, the Asia-Pacific business jet fleet totaled 1,154 aircraft, a slight increase of 0.2% compared to 2022. Mainland China retained the largest fleet in Asia-Pacific, despite its declining fleet, with 15 aircraft additions and 24 deductions.
Market Trends: The downward trend in the Asia-Pacific fleet began to ease this year, as reflected in the significantly lower number of deductions, and pre-owned additions when compared to 2022.
Market Updates – Operator Overviews: At the end of 2023, the top 20 operators had a combined fleet of 344 business jets, accounting for 29.8% of the Asia-Pacific region. Sino Jet remained the largest operator in the Asia-Pacific region with 41 business jets, having added three G650/G650ERs to its fleet in 2023 for a net addition of one aircraft.
Market Updates – OEM Overviews: Bombardier regained its position as the leading OEM delivering new jets to the region with eight new deliveries worth USD 581.3 million, accounting for 43.5% of the market.
Contributors include Dassault Falcon, Gulfstream & Rolls Royce.