According to the latest quarterly industry survey from U.S. data provider JetNet (Booth P519), the level of confidence in the business aviation market in Asia does not match that of the rest of the world.
The overall survey response to the question “Where is the business aviation industry in the current business cycle?” saw 60 percent of the global respondents believing it had passed the low point, the highest level of optimism received by the company throughout its more than four-year survey history. However, among the respondents in the Asia-Pacific region, only 47 percent shared that assessment, with nearly one quarter of those surveyed indicating that they believed business aviation had not yet reached the bottom of the trough. That lies in stark contrast to North America where 70 percent indicated they believed the industry was on an upward trajectory.
The results are based the company’s JetNet iQ Survey which is an invitation-only, electronic survey directed at global fixed-wing turbine business aircraft owners and operators. The survey database now includes more than 8,500 respondents from 125 countries. The first-quarter 2015 survey, completed earlier this month, was conducted in five languages: English, Spanish, Portuguese, French and Mandarin.