This website uses cookies
More information
Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

Why visit ACE ’24?

Related background information from the Handbook...
The monthly news publication for aviation professionals.

Request your printed copy

ASG believes V-shaped recovery is an Asia Pacific reality
The 2020 Q3 edition of Asian Sky Quarterly focuses on the impact of COVID-19 on the regional business aviation market. CEO Jeffrey Lowe says there has been an uptick in purchase intentions of pre-owned aircraft.

Hong Kong business aviation consulting firm Asian Sky Group (ASG) has released its 2020 Q3 edition of 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.

“We've seen a recovery in [business jet] aircraft utilisation, from the depths of despair in April till today where we are still down but just a seemingly modest nine per cent,” says CEO Jeffrey Lowe. “Call it a 'V' shaped recovery or a flattening of the curve, we'll take it as the industry needs aircraft in the air. The recovery has mostly been driven by increased international travel too and leads by a recovery in Chinese travellers and airports. What this all means for business jet sales is probably best to describe as “mixed”. There's a slight optimistic uptick in purchase intentions of pre-owned aircraft (three per cent) but more aircraft are on the market for sale (4.1 per cent), taking longer to sell, resulting in prices and ultimately values continuing to drop. From March through June and July values fell between 15 per cent and 20 per cent in the heavy, super-mid and medium jet categories, although there was a slight recovery in August.”

Other News
 
GAMA members deliver landmark 4,000 aircraft total
February 24, 2024
GAMA CEO Pete Bunce said that if politicians and regulators deliver on their responsibilities, what the industry can accomplish in 2024 and beyond will be extraordinary, and IADA is encouraged by higher deliveries in 2023.
JSSI launches integrated brand structure
February 19, 2024
The company is celebrating its 35th anniversary with a corporate rebrand that reflects a synergistic product portfolio and a new software division; SierraTrax becomes Traxxall Aviator.