Aircraft
Bizav Market Optimism on the Rise in Asia-Pacific
India sees a jump in optimism, fleet size, and flight hours
G700 in Vietnam (Photo: Gulfstream)
The Gulfstream G700 has made a tour through the Asia-Pacific region, launching a tour from Vietnam in late 2022.

The Asia-Pacific region witnessed an uptick in business aviation market mood and intentions following a dismal first half of 2023, according to Asian Sky Group (ASG). Market optimism rebounded by between 10 percent and 20 percent in various parts of the region in the second half and “the tide has turned,” wrote Jeffrey Lowe, in the recently released Asian Sky Quarterly report.

Lowe, an owner and director of ASG, painted a grim picture for the first half with 27 percent of surveyed people in the region feeling the economic situation would only get worse (this was a 14 percent surge from 2022).

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