Press Release

Issued by Asian Sky Group.

April 17, 2018

Hong Kong business aviation consulting firm Asian Sky Group (ASG) has released its 2018 Q1 edition of Asian Sky Quarterly, complete with an updated forecast on the business jet and civil helicopter markets throughout the Asia-Pacific region. The quarterly report is being released in conjunction with ASG's appearance at ABACE in Shanghai, China.

The tenth edition of Asian Sky Quarterly provides the usual insights on the Asia-Pacific region: market intelligence and trends; data on the mood of the Asia market from its quarterly survey; and availability and prices for specific pre-owned aircraft types.

“For this quarter's edition of Asian Sky Quarterly, there seems to be two stories unfolding. From our 'Market Dynamics' section, we are seeing the market cheer as we move further and further into a seller's territory with the percent of the fleet for sale decreasing and prices rising,” says ASG managing director Jeffrey Lowe. “But our 'Mood & Intentions' survey highlights optimism flattening out and purchase intention subsequently diminishing, although it frankly couldn't climb much higher after being on the rise since 2Q/3Q 2016 and purchase intentions are changing only minimally.”

Lowe continues: “The oversupply that existed in the market is getting burned down further now; good aircraft at good prices are selling, and with less supply, asking prices are firming up and even increasing. Consequently, we are moving deeper into seller's territory, as seen from our 'Market Trend' lines, and sellers are hanging on to their aircraft longer waiting for that better deal i.e. days on market are rising.”

The 2018 Q1 edition of Asian Sky Quarterly features a profile on business aviation in Indochina; an in-depth look at the pre-owned Falcon 2000 series market; a spotlight on Dassault Aviation's recently launched Falcon 6X; and a recap of Asia's largest aerospace and defence show — the Singapore Airshow. ASG's latest addition to the team, director, business development, Alan Hung shares his eagerness to contribute and add value to ASG, in terms of sales, consulting and its marketing services. Global Jet Capital's Violet Kwek, sales director, greater China and north Asia, provides insight into aircraft financing and the benefits of using Global Jet Capital over a traditional bank. And, Hironori Abe, vice president of aviation company, Setouchi Holding Inc., speaks on the company's use of seaplanes to revitalize cities, including its newest venture of bringing the Kodiak 100 to the Philippines.

ABACE attendees can pick up a copy of the latest quarterly report, along with the Asia Pacific Business Jet Fleet Report at Booth H2706.

Asian Sky Quarterly is available digitally in English and Chinese.