Press Release

Issued by Asian Sky Group.

July 12, 2016

Asian Sky Group (ASG), acclaimed for its year-end business jet and commercial helicopter fleet reports for the Asia Pacific region, has released its third installment of Asian Sky Quarterly.

First published in January 2016, Asian Sky Quarterly delivers previously unavailable information and detailed analysis on the state of the business aviation and civil helicopter markets in the Asia-Pacific region. With over 10,000 print readers in the region and 90,000 readers through digital platforms globally, Asian Sky Quarterly is a sought after source of market data for the industry. It supplies market intelligence and trends, data on market mood and buying intentions, as well as availability and sale prices for specific aircraft models to help potential buyers, sellers, and industry members better understand current market conditions.

“With quarterly updates, Asian Sky Quarterly has now become the number one guide to stay abreast of the private aviation market for our Asia-Pacific and worldwide readers,” says ASG managing director, Jeffrey Lowe.

The third edition of Asian Sky Quarterly (2016 Q2) has evolved one-step further by featuring a detailed profile on general aviation in the Philippines, which includes an interview with Magsaysay Group of Companies' CEO and president, Doris Ho Magsaysay. It also includes industry insider profiles on ASG's own Nadav Kessler, who provides insights on the helicopter market downturn in the oil and gas industry in Asia and on Global Jet Capital's, managing director, Asia Sales, David Henderson discussing aircraft financing challenges in Asia. 

As to the state of the market overall, Lowe explains: “The markets for both business jets and helicopters remain deeply mired in buyer's territory, but the rapid worsening of the business jet market which we saw particularly through the first half of last year stabilised in the first and early stages of the second quarters of 2016. Our trend line has flattened out but with mixed signals, although we clearly remain in a 'buyer's market' situation for business jets. The latter half of the second quarter saw a surprising reduction in the inventory value for business jets but this 'reversal' is due to aircraft being removed from the market by sellers frustrated with the lack of activity and asking prices declining at an unprecedented rate, in some cases. With accelerating removals and declining asking prices, the inventory value has subsequently dipped as well. With 10.3% of the business jet models we study for sale and days on market keeping around 310 days, ASG certainly foresees for the coming quarter that prices will continue their descent but hopefully towards an eventual, more balanced supply-demand position.” 

Lowe continues: “For civil helicopters, the market remains significantly depressed and the trend shows it's going to get even worse before improving. There is 79% more inventory for sale today (in USD) than 18 months ago, with an average of 467 days for sale on the market. With a potential large fleet of aircraft soon coming onto the market from operators such as CHC Helicopters, we can expect a further continuation in the next quarter of the entire market remaining mired deep into a 'buyer's market' situation and worsening. "

The publication is distributed in the Asia-Pacific region with a Chinese version made available in China.

For copies of all of ASG's reports, please visit www.asianskygroup.com/media-reports.