“Global Asia-Pacific Charter Jet Service Research Report 2019-2024”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The market for charter jet services in Asia-Pacific is anticipated to achieve a CAGR of over 3% during the forecast period. On-demand travel is growing in the region, along with membership schemes and charter packages, which has made the charter jet services market easier to access.
Companies Include are:
Deer Jet, Australian Corporate Jet Centres, Flight Options LLC, Club One Air, REVESCO AVIATION, Reliance Commercial Dealers Ltd, Asian Aerospace Corporation, Pacific Flight Services, Phenix Jet, Executive Jet Asia, Global Jet International, Business Aviation Asia Limited
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Scope of the Report
A charter flight is an unscheduled flight that is not part of a regular airline routing. Air charter is the business of renting an entire aircraft instead of individual aircraft seats. Charter users can be categorized into three types, corporate, private, and government. In Asia-Pacific, the primary need for business jet charter continues to be for corporate use.
Key Market Trend
Large Jets Segment to Grow with the Highest CAGR During the Forecast Period:-
In the past few years, preference for larger long-range jets has been the highest. This is primarily due to their flying capability, connecting Europe to Asia and Asia to the United States. From 2016-2018, about 84 new jets were added to the Asia-Pacific business jet charter market. Overall, the large-size category saw the greatest increase in fleets, by 16 aircraft, whereas, the mid-size category saw a net decrease in charter fleets, by four aircraft. About one-third of the existing charter fleets in Asia-Pacific comprises large jets.
China to Dominate the Market During the Forecast Period:-
Currently, China dominates the air charter service market, followed by Australia and India. China is also expected to experience the highest growth during the forecast period, as the Chinese government plans to increase the number of airports from 220 to 260 by the end of 2020. Over the years, it has become easier to operate an aircraft in China than it was ten years ago, due to the gradual liberalization of airspace. China’s fleet largely comprises large-cabin, long-range jets. The large, long-range and corporate airline categories account for nearly 4/5th of the total fleet.
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Essential points covered in Global Asia-Pacific Charter Jet Service 2019 Research are:-
- What will the Asia-Pacific Charter Jet Service size and the growth rate be in 2024?
- What are the key factors driving the Global Asia-Pacific Charter Jet Service?
- What are the key market trends impacting the growth of the Global Asia-Pacific Charter Jet Service?
- What are the challenges to Asia-Pacific Charter Jet Service growth?
- Who are the key vendors in the Global Asia-Pacific Charter Jet Service?
- What are the market opportunities and threats faced by the vendors in the Global Asia-Pacific Charter Jet Service?
- What are the key outcomes of the five forces analysis of the Global Asia-Pacific Charter Jet Service?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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