China dominates private jet market in Asia Pacific

  • Published by Ozgur Tore

privatejet luxurytravelA new research from Global Jet Capital reveals there are around 972 mid to large private jets in Asia Pacific, and 30% (294) of these are in China, which is more than any other country in the region.

Overall, 37% of the region’s fleet of business aircraft are mid to heavy, and the corresponding figure for the global fleet is 32%.

Nearly all (93%) of Hong Kong’s 129 business aircraft are mid to heavy in size. This is followed by Singapore where 73% of its fleet of business aircraft are mid to heavy, and China where the corresponding figure is 69%.

Mid and heavy jet fleet size % of overall fleet that is mid to heavy
China 294 69%
India 121 45%
Hong Kong 120 93%
Australia 106 14%
Japan 56 21%
Malaysia 41 49%
Singapore 41 73%
Indonesia 38 25%
Philippines 38 34%
Thailand 27 33%
New Zealand 8 12%
All Asia Pacific 972 37%


Global Jet Capital’s newly appointed Managing Director of Asia Sales, David Henderson, said: “Our analysis reveals that a higher percentage of Asia Pacific’s fleet of business aircraft is mid to heavy in size than the global average.  Given we focus on financing these types of jets, this market is particularly attractive for us.”

Mid to heavy private jets typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing.  Global Jet Capital is one of, if not the only, dedicated aviation finance specialist to operate on a global basis.  With an extensive team which has a wealth of experience funding a wide variety of aircraft types, the company recently completed the purchase of the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas.  This represented approximately $2.5 billion of net assets, and the company has a further $1 billion to lend to clients to purchase relevant business aircraft in Asia Pacific and elsewhere around the world.



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