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Thurday, 21/06/2018, 02:08:06 AM
Dassault sees better Southeast Asia business jet market
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Dassault has observed improving market conditions in Southeast Asia’s business jet market, although Northeast Asia remains in the doldrums.

The company’s Asia-Pacific sales head, Jean-Michel Jacob, said that 2016 was a tough year for the industry in the region. He believes 2017 looks better owing to rebounding oil prices and the conclusion of the this year’s tumultuous US presidential election.

 “Most problems are behind us, such as the US election,” he says. “Also the oil price is higher and seems to have stabilised. People are again considering investing in a business jet or replacing their old aircraft. There comes a moment where have you to replace an old jet anyway. Those who have postponed a replacement now feel safer.”

Higher energy prices, he says, are a particular boon for companies in resource dependent economies such as Southeast Asia.

This has helped Southeast Asia become of equal importance to Northeast Asia. Jacob estimates that previously Southeast Asia accounted for 30% of the company’s activity in Asia-Pacific, against 70% in Northeast Asia. Now, the two regions are equally matched. After years of booming sales, China’s business jet market has been anaemic since 2014, amid an austerity drive and greater economic uncertainty.

Source: Flightglobal

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