Bizjet Fleet Shrinks in Asia-Pacific as Optimism Erodes | Aviation International News

Bizjet Fleet Shrinks in Asia-Pacific as Optimism Erodes

Asian Sky Group's lates Asian Sky Quarterly estimates the business jet fleet will dip by 1 to 2 percent in Asia-Pacific this year.

By Kerry Lynch • Editor, AIN monthly magazine

December 5, 2019

As business confidence ebbs in Asia-Pacific, the outflow of business aircraft is currently higher than the inflow in the region, with the anticipation that the business jet fleet in the region will shrink by 1 percent to 2 percent in 2019, Jeffrey Lowe, managing director of Asian Sky Group, said in the latest edition of the Asian Sky Quarterly.

The report details responses to a moods and intentions survey, finding a 5 percent increase in pessimism from a year ago. “This has consequently translated into a higher percentage of sellers and a significantly higher percentage of the ‘I’m not sure’ when it comes to purchase intentions, increasing a whopping 10 percent so far through 2019,” Lowe said.

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