The number of commercial aircraft delivered to the Asia-Pacific region increased by 42 percent to 714 in the four years to 2014 from the 501 aircraft delivered from 2005 to 2009, Gama Aviation, a global aviation research company, said.
It said the Philippines has one of the fastest-growing business aircraft fleets in the Asia-Pacific region with the number of aircraft delivered between 2010 and 2014 increasing by 85 percent when compared to the previous years.
“Nearly a quarter, 24 percent of business aircraft in the Philippines have been delivered in the past five years,” Gama Aviation said.
Latest data from Gama Aviation showed the Philippines has 100 fleets. From 2005 to 2009 it had 13 aircraft deliveries, and from 2010 to 2014 it had 24 deliveries.
Gama Aviation expects huge growth in the Asian business aviation market, and in January this year it announced an aviation joint venture with Hutchison Whampoa (China) Ltd.
Initial operations will begin in second quarter of 2015 with two aircraft based in Hong Kong, increasing the Gama Aviation managed global fleet to 146 aircraft.
Leveraging off Gama Aviation’s existing infrastructure in the region, the joint venture is focused on providing management, charter, maintenance and repair and fixed base operations in the Peoples Republic of China, Hong Kong and the wider Asia region.