Europe – Operators have slowly been replacing aging aircraft in the fleet.
- Europe’s purchase expectations decreased this year to roughly 24% of the fleet, down 4 percentage points compared with last year’s results.
- About 24% of operators plan to schedule their new purchases within the next two years, down 6 percentage points and below the worldwide average of 30%.
- Europe’s share of global demand over the next five years is estimated to be 18%, 1 percentage point lower than last year.
Latin America – Purchase plans dipped 6 percentage points to a five-year low.
- In Latin America, 15% of the fleet is expected to be replaced or supplemented with new jet purchases over the next five years, down from 21% in last year’s survey.
- About 19% of this region’s projected purchases are planned between 2020 and 2022, lower than the worldwide average of 30%.
- Latin America will represent ~3% of the total projected business jet demand over the next five years versus 7% in last year’s survey. The decline is due to economic pessimism in the region.
Asia Pacific – Purchase plans are stable in the region, largely unchanged from last year.
- Operators in Asia Pacific report new jet acquisition plans for 14% of their fleet over the next five years.
- Based on the expressed level of purchase plans, Asia Pacific remains at a 10% share of global new jet demand over the next five years.
- About 30% of respondents in Asia Pacific plan to schedule their new purchases within the first two years of the five-year horizon, compared with 40% a year ago.