JetNet iQ’s “state of the market” briefing presented yesterday at ABACE showed a clear snapshot of business aviation trends in Asia. “Out of the big three markets–North America, Europe and Asia Pacific–it is the Asia Pacific buyers who trend toward large-cabin aircraft,” said JetNet iQ director Rollie Vincent. “Bombardier and then Gulfstream are the top-two preferred aircraft brands in Asia.”
Focusing on the Asia Pacific market, Vincent showed that the latest data from surveys of Asia Pacific business jet operators indicates that they have the highest equipment utilization in the world. And respondents from the region predict that they will be flying even more in the next 12 months. As far as market sentiment is concerned, survey respondents in this region are the most optimistic, feeling that the world is past the low point in the current economic crisis.
Regarding purchase preferences, respondents in the region look at an aircraft’s range, cabin size and price, in that order, when deciding what to purchase. Forty-nine percent of respondents in the region believe that they will purchase a large-cabin business jet within the next 12 months, with 47 percent indicating they will purchase a midsize jet within the next five years.