Home' Asian Aviation : AAV February 2016 Contents AsianAviation | FEBRUARY 2016 47
APAC BUSINESS AVIATION
invested considerably in the broad APAC region.
And they have and will be unveiling new aircraft
designs that make today’s designs look somewhat
The Dassault Falcon 8X and 5X, Gulfstream G500
and G600, Bombardier Global 7000 and 8000,
Cessna Citation Latitude and Citation Longitude,
plus the Embraer Legacy 450 and 500 are tangible
evidence of this.
But while these new designs look extremely
exciting, operators in the region face issues that need
to be addressed sooner rather than later. It is these
roadblocks that have the potential to restrict these
new and existing designs from flying in sufficient
numbers, as Jet Aviation Singapore vice president
and general manager, John Riggir explains.
“Overflight clearances in ASEAN, China and India
remain problematic and it will take time to achieve
a common Asia-Pacific regulatory overview; local
industry knowledge is still developing and industry
needs to help grow the local pool of business
aviation specialists in crewing and maintenance.
Business aviation also needs to be recognised
by local governments as a value generator to
economies separate from that of the general aviation
and transport sector [for instance governments
need to improve investor access to markets to
facilitate industry investment in local economies],”
“Developing an expert talent pool to provide
technical aviation services is continuing to be a
challenge. There is as yet no turnkey, regional
solution for a dedicated General and Business
Aviation academy to address these shortages of
industry specialists,” he adds.
These issues are all the more pressing when
the projected business jet delivery figures over the
next 10-year period are considered. Bombardier’s
Business Aircraft Market Forecast for the period
2015-2024 alone suggests some staggering growth
figures for the region. The Greater China region
alone is expected to receive 875 deliveries valued
at US$33 billion during the course of the 2015-2024
period, with 90% of those consisting of medium and
large category aircraft.
The Asia-Pacific region is expected to receive 355
aircraft deliveries valued at $14 billion over the same
time period, with 60% of those deliveries comprising
large category aircraft. And then there is of course
the pre-owned jet market, which also represents a
sound investment solution for operators, especially
in times of austere economic conditions like the past
12-18 month period. This includes fleet upgrades
and retrofits to existing fleet aircraft, in such areas
as connectivity solutions.
One key operator at the forefront of these
developments is Hawker Pacific, which has
locations throughout China, South East Asia and the
Australasian region. The aircraft maintenance support,
FBO, charter and aircraft management company sells
both new and pre-owned aircraft. In conjunction with
a steady increase in business aviation fleet numbers
in South East Asia over the last five to eight years,
the aviation specialist has also noticed a trend of
operators hanging onto existing fleet aircraft.
“With the current economic cycle some owners
are electing to keep their aircraft longer than the
traditional five-year period and electing to invest
in interior, exterior and avionics retrofit options to
preserve the integrity of the aircraft and enhance its
overall useability and value,” Hawker Pacific says.
It is readily apparent that the APAC and South
East Asia business aviation industries are growing
and experiencing growing pains in the process. But
they are also flexing and adapting accordingly. The
global economic slowdown over the past 12-18
month period has cast a pall over new business jet
sales. But the global economy is a cyclic beast – and
will ultimately bounce back.
The longer-term questions the regional business
aviation industry leaders face about the industry’s
future are complex and require a collaborative effort
on the part of the whole industry — regulators,
government and the private sector — to solve and
involve technical skills, human resources shortages,
maintenance, and apron and airspace restrictions.
However, the common goal is undoubtedly a
thriving and prosperous industry and while it will take
time to work through the challenges, the enormous
potential is there. ✈
Jet Aviation’s fleet in Singapore.
The ExecuJet field in Australia
4/02/2016 7:22:51 PM
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