Press Release

Issued by Asian Sky Group.

April 10, 2017

Hong Kong business aviation consulting firm Asian Sky Group (ASG) has released its 2017 Q1 edition of Asian Sky Quarterly, complete with updated information on the business jet and civil helicopter markets throughout the Asia-Pacific region.

The sixth installment of Asian Sky Quarterly provides the usual valued information from ASG on market intelligence and trends, Asia-specific and country-specific macroeconomic indicators, data on market mood, as well as the availability and prices for specific pre-owned aircraft types.

This edition also includes the first interview with Chang Qiu Sheng, as the new chairman of Amber Aviation. ASG had the opportunity to speak with Chang, AsBAA's 2016 Lifetime Achievement Award winner, who spoke of his role in developing China's business aviation industry.

The profile in this edition is of the South Korea business aviation market, along with insight and knowledge from industry members in the country. Korea-based fixed-based operator Avjet Asia is featured discussing the company's key role in developing the country's first FBO at Seoul-Gimpo airport, along with Korean Air Business Jet speaking on meeting the demands of charter clients today. Insider interviews included ASG's latest addition, Lynton van Aswegen discussing the potential of the relatively unknown Africa market, as well as Pillsbury Winthrop's managing director Paul Jebely, speaking on the law firm's active role in supporting business aviation. ASG also had the opportunity to speak with 2016's AsBAA Lifetime Achievement Award winner Mr. Chang Qiu Sheng, who spoke on his role developing China's business aviation industry, in his first interview as chairman of Amber Aviation.

Highlights of the report include:

- The 2017 Q1 Market Survey on the current economic mood, aircraft utilization, management company satisfaction, aircraft charter, purchase intentions, and influencing purchase factors, showcasing the most optimistic quarter since 2015 Q4, with the highest number of responses since the survey's beginnings.

- An in-depth look at South Korea's business jet and civil helicopter fleets, as well as available infrastructure including FBOs, MROs and hangars.

- A closer look at the Asia-Pacific region's business jet and civil helicopter fleets, market dynamics and trends plus average asking prices, days on the market and % for sale.

- A spotlight on the pre-owned Global XRS and 6000 market, examining fleet distribution and age; inventory levels and aircraft availability; market and pricing drivers; and number of units for sale and recently sold.

- A summary of the most popular business jet and civil helicopter models, providing average asking price and number of aircraft for sale.

“The first Asian Sky Quarterly for 2017 comes out in time for ABACE,” says ASG managing director, Jeffrey Lowe. “In addition to providing all the insight and valued information the industry has come to expect, this edition is also featuring a profile that will be of interest to many at the show, with Mr. Chang Qiu Sheng in his new role as Chairman of Shenzhen based Amber Aviation. He has played a key part in developing the business aviation industry in China and we're happy to have had the chance to sit down with him and discuss his career and new and exciting endeavor.”

Asian Sky Quarterly will be distributed in the Asia-Pacific region with a Chinese version made available in China.