The 2023 Asia-Pacific Business Aviation Fleet Report from Asian Sky Group reveals that as of 2023, the region boasts a total of 1,154 business jets. Despite Greater China's continued dominance in the market, the Chinese mainland and Hong Kong have seen a three year decline, with a total reduction of 19 jets in 2023, taking the total to 326 jets.

Remarkably, amid the general downturn of the Chinese business jet market, Sino Jet has demonstrated significant growth, standing out against the backdrop of a weak market. Data indicates that Sino Jet has secured the top spot in the Chinese business jet market for five consecutive years, being the sole Chinese entity among the top five business jet operators in the Asia-Pacific region to achieve fleet expansion. Furthermore, the gap with its rivals is progressively widening.

Founded in 2011 and with headquarters in Beijing, Sino Jet services encompass business jet management, charter, business jet terminal operations, luxury travel and ground support.

The Chinese business jet industry commenced in the late 20th century and experienced its initial acceleration in 2008, entering a rapid development phase by 2010 with the market exhibiting explosive growth. According to Asian Sky Group, the Greater China business jet market reached its zenith with a fleet size of 506 aircraft in 2017. Influenced by economic cycle adjustments and the global impact of the COVID pandemic, the market began to exhibit a downward trend starting in 2020.

Since 2014, Sino Jet has achieved a comprehensive integration of the domestic and international markets and has actively expanded its charter business, leading to a swift increase in its fleet size and ascension to industry prominence. Even during market downturns, it has managed to sustain steady growth and, since 2019, its fleet size has been ranked first in the Asia-Pacific.

Safety is the cornerstone of its development, and Sino Jet is the first Chinese company to consistently achieve the highest international business jet safety operating standard, IS-BAO Stage III certification. As a national high-tech enterprise, it is dedicated to using technological innovation to continuously enhance safety and quality. It has successfully established a digital management system that encompasses the entire aircraft operation process, which not only significantly improves aircraft operational efficiency but also fundamentally ensures the safety and asset value of aircraft throughout their lifecycle.

To address the varied and individualised needs of the business jet market, Sino Jet has consistently pursued its 'Accompanying Strategy', prioritising the customer and proactively securing operational and maintenance certifications in pivotal global aviation centres. The company has set up offices in key markets such as China, Singapore and Europe, and has strategically positioned operational bases in over 20 major cities across the globe, forging a comprehensive and efficient global service network. This strategic approach has provided a powerful catalyst for the company's global growth in addition to accelerating the speed and scope of service delivery.

Through over a decade of stable advancement, Sino Jet has achieved sustained fleet expansion through its robust market adaptability. It has declared its intention to further boost investments in technology and innovation, aiming to elevate safety standards and service excellence, thereby generating greater long-term value for its clientele. The company will also pursue an active international market expansion, collaborating with global partners to propel progress and development within the business jet industry.