Business Aviation Census: Global fleets buoyant but traditional markets suffer

Despite the economic gloom the global corporate aircraft fleet has grown in every continent over the census period, Flightglobal's ACAS database reveals, with emerging markets and most of the traditional markets making significant gains.
Asia has recorded the strongest fleet growth in the census period - albeit from a small installed base. According to ACAS, the fleet climbed from 199 in the previous report to 229 this year. While Nepal makes its census debut with one turboprop, Asian growth is solely attributable to the booming Indian market where the clamour for business aircraft continues at a relentless pace. The country's expanding middle classes and its plethora of millionaires have helped India's turbine inventory to increase by 31, to 193 turbine-powered business aircraft - which represents 84% of the region's business jet and turboprop fleet.
Despite being at the forefront of the economic hurricane, Europe's fleet - the second-largest business aircraft inventory in the world - has climbed by 13% to 3,712 jets and turboprops. The Isle of Man - a UK Crown Dependency - has witnessed the most dramatic growth within the region. The lure of its tax haven status to the global business aviation community has helped to boost its inventory in the past 12 months from 11 to 29 corporate jets.
11/10/09 Kate Sarsfield/Flight International/Flight Global

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Categories: Foreign Oct 2009, Indian Aviation- In General Oct 2009