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Hong Kong business aviation consulting firm Asian Sky Group (ASG) has released its 2020 Q2 edition of the Asian Sky Quarterly, complete with an updated forecast on the business jet and civil helicopter markets throughout the Asia Pacific region. This issue focuses on the impact of COVID-19 on the regional business aviation market.
“For business aviation improvements took hold in Q2 of 2020, with China the busiest business aviation market with 280 domestic flights,” says MD Jeffrey Lowe. “The Asia-Pacific region as a whole saw business jet flight activity stop its decline and the curve flatten but flights of five hours or more saw the biggest increase as Europe and the United States reopened.
“These positive trends were reflected in our survey, with optimism significantly bouncing back in Q2. Overall optimism was up 8 per cent, with China registering a 20 per cent improvement. But people's intentions in the end are still tempered as recent events have demonstrated the fragility of any recovery, with an outbreak in Beijing in June and as we here in Hong Kong experience a third wave."
The Q2 issue of the Asian Sky Quarterly contains commentary by Gordon Gardiner and James Jordan of HFW on the recovery of business aviation, a market update on the global business jet fleet, including OEM backlogs by Global Jet Capital, an update on pre-owned transactions on a worldwide scale by AMSTAT, Q2 Asia Pacific flight activity courtesy of WingX, a look at the flexibility and efficiency of the Bell 505 and analysis of the Bell 412 pre-owned market. Lastly, AsBAA chairman Wu Zhendong discusses the importance of regulators and associations during such periods of uncertainty.
ASG will reveal more about the business jet market in Asia Pacific during Virtual Charter Week from 3-6 August. In a series of online presentations, panel discussions, Q&A sessions and podcasts, viewers can expect and abundance of information on the regional charter market, including flight activity, latest restrictions, information on air cargo and insights from the industry.