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Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 40.45 Million |
Market Size (2030) | USD 60.13 Million |
CAGR (2025 - 2030) | 8.11 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Southeast Asia Charter Jet Services Market Analysis
The Southeast Asia Charter Jet Services Market size is estimated at USD 40.45 million in 2025, and is expected to reach USD 60.13 million by 2030, at a CAGR of 8.11% during the forecast period (2025-2030).
The growth in demand from the tourism segment and increasing investments to enhance the country's business aviation infrastructure drive the demand for charter jet services in the region. With the increasing demand for unscheduled flight services, charter service providers are enhancing their services on new routes and are launching attractive membership schemes. Also, to capture growth opportunities, new players are entering the market, which is further expected to increase the competition in the market in the coming years.
The stringent government regulations regarding business aviation and the need for dedicated MRO facilities for business jets can hinder the growth of the Southeast Asia market during the forecast period.
Geographical presence, rapid growth in the tourism sector, and the emergence of new charter service providers may drive business jet procurement in the region during the forecast period.
Southeast Asia Charter Jet Services Market Trends
Large Jets to Dominate Market Share During the Forecast Period
The large jet segment dominates as a large portion of business jets fall into the charter, private, or corporate use category. The HNWIs are the major users who value these jets primarily due to their range, technology, cabin size, and efficiency. The number of HNWI individuals in the region surged from 0.44 million in 2018 to 0.80 million in 2023. These individuals dominate large jet' users, as they prefer privacy, security, and efficiency.
Some famous aircraft models operated by charter service providers in the Middle East regions are the Gulfstream G650ER, Embraer Legacy 600, and Global 6000. In addition to these models, the Embraer Legacy 650, Gulfstream G650, and Airbus ACJ319 are widely used charter aircraft in the region, and Challenger 605, Challenger 850, and Global 5000 are widely used charter aircraft in the region. In May 2024, ExecuJet MRO Services, a subsidiary of Dassault Aviation, has officially opened Malaysia's largest business jet maintenance facility at Subang Airport in Kuala Lumpur. The new facility, double the size of ExecuJet's previous Subang operation, is equipped to service a diverse range of business aircraft.Beyond servicing a multitude of aircraft manufacturers, the facility is integral to Dassault's global support network, complementing ExecuJet's extensive MRO operations at Dubai's Al Maktoum Airport.
Major countries in the region, such as Singapore, Thailand, and the Philippines, have significantly advanced in terms of infrastructure and businesses over the past two decades, which has attracted several European and American companies to open their offices in Southeast Asia or partner with local companies. Such increasing preferences and advantages associated with large jets are expected to act as a catalyst for the growth of the large jet market in the region during the forecast period.
Singapore is Expected to Witness Significant Growth During the Forecast Period
The rise in the number of HNWI individuals due to widescale economic development in the country aided Singapore's overall business aviation sector. In 2022, Singapore boasted 4,601 UHNWIs. The 2023 count reflects a 4% uptick. By 2028, projections indicate Singapore will host 5,535 UHNWIs, marking a 15.7% rise from 2023 figures. The pandemic created a trend toward private flying by the region's ultra-wealthy population, aiding in procuring business aircraft in the country.
The most frequently chosen aircraft in Singapore include light (Learjet 35A and Piaggio Avanti), midsize (Learjet 60), and large (Falcon 2000LX and Legacy 600) jets. Boeing Business Jet or Airbus 319 Corporate Jet is the most usable aircraft for a larger group of passengers.
The country is a major hub for MRO services globally, and major business jet manufacturers are implementing capacity expansions. In response to the surging demand for aircraft management and charter services in Southeast Asia, Phenix Jet has inaugurated a new branch in Singapore in October 2023. Sojitz Corp's Phenix Jet, having established a robust presence in East Asia with its Hong Kong and Japanese locations, is set to introduce its distinctive Japanese-style service and hospitality to the rapidly expanding Southeast Asian market. This move comes with a commitment to uphold the highest global aviation safety standards.
![Southeast Asia Charter Jet Services Market Trends Southeast Asia Charter Jet Services Market: Total Business Jet Fleet, in Units, By Country](https://s3.mordorintelligence.com/southeast-asia-charter-jet-services-market/southeast-asia-charter-jet-services-market-key-trends-2-image-1738345946266.webp)
Southeast Asia Charter Jet Services Industry Overview
The Southeast Asia charter jet services market is fragmented, with many charter providers in the market that provide charter services to their clients and transportation to various destinations. Some of the prominent players in the Southeast Asia charter jet services market are Thai Airways International Public Company Ltd. (THAI), Singapore Air Charter Pte Ltd., EastIndo, Advance Aviation Co., Ltd., and OJets Pte Ltd.
To provide a personalized experience, aircraft charter operators are leveraging state-of-the-art innovative solutions to provide a complete suite of flight offerings from fixed-price charters to customized membership programs. Charter operators are trying to attract customers by launching different schemes that enhance convenience, dependability, and efficiency.
Southeast Asia Charter Jet Services Market Leaders
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Advance Aviation Co., Ltd.
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Singapore Air Charter Pte Ltd.
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EastIndo
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OJets Pte Ltd.
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Thai Airways International Public Company Ltd. (THAI)
- *Disclaimer: Major Players sorted in no particular order
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Southeast Asia Charter Jet Services Market News
- November 2024: DXN Holdings Bhd. secured a 12-month Gulfstream G550 corporate jet charter at an estimated cost of USD 6.6 million (RM28 million). The jet will support the company’s key management team and top-performing members, particularly those who have achieved the prestigious “Crown Ambassador” status, enabling efficient travel to critical overseas markets.
- May 2024: MJets Air Sdn Bhd inked an aircraft charter deal with Singapore's Teleport Everywhere Pte Ltd. MJets Air will charter an aircraft to Teleport, adhering to an agreed flight schedule. Teleport, in turn, will utilize the chartered aircraft to execute the flight schedule, abiding by the agreement's stipulations.
- April 2023: Jet Aviation announced a strategic partnership with FlyORO, a fuel blending services provider, to offer custom blends of Sustainable Aviation Fuel (SAF) at its Singapore Fixed Base Operation (FBO) at Seletar Airport.
Southeast Asia Charter Jet Services Industry Segmentation
A charter business model is one in which the aircraft is rented to the users for operation per their needs. A charter service provider or operator is a professional organization accredited and licensed to provide the pilots, maintain the aircraft, and operate the aircraft. Charter services can be opted for by individuals, corporations, businesses, VIPs, sportspersons, and government officials after entering into a mutual understanding with the charter operator regarding the terms and conditions of the rental program. A charter aircraft can also be modified for other roles, such as emergency medical services, cargo delivery, or equipment resupply.
The study considers private and fractional ownership models deployed by charter service providers. The Southeast Asia charter jet services market is segmented by aircraft type and geography. Based on aircraft type into light jets, mid-size jets, and large jets. The report also covers the market sizes and forecasts for four major Southeast Asian countries. The market sizes and forecasts have been provided in value (USD).
Aircraft Type | Large |
Mid-size | |
Light | |
Geography | Philippines |
Indonesia | |
Thailand | |
Singapore | |
Rest of Southeast Asia |
Southeast Asia Charter Jet Services Market Research FAQs
How big is the Southeast Asia Charter Jet Services Market?
The Southeast Asia Charter Jet Services Market size is expected to reach USD 40.45 million in 2025 and grow at a CAGR of 8.11% to reach USD 60.13 million by 2030.
What is the current Southeast Asia Charter Jet Services Market size?
In 2025, the Southeast Asia Charter Jet Services Market size is expected to reach USD 40.45 million.
Who are the key players in Southeast Asia Charter Jet Services Market?
Advance Aviation Co., Ltd., Singapore Air Charter Pte Ltd., EastIndo, OJets Pte Ltd. and Thai Airways International Public Company Ltd. (THAI) are the major companies operating in the Southeast Asia Charter Jet Services Market.
What years does this Southeast Asia Charter Jet Services Market cover, and what was the market size in 2024?
In 2024, the Southeast Asia Charter Jet Services Market size was estimated at USD 37.17 million. The report covers the Southeast Asia Charter Jet Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Southeast Asia Charter Jet Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Southeast Asia Charter Jet Services Industry Report
Statistics for the 2025 Southeast Asia Charter Jet Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Charter Jet Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.