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Southeast Asia Charter Jet Services Market Analysis

The Southeast Asia Charter Jet Services Market is projected to grow with a CAGR of more than 2% during the forecast period.

• The growth in demand from the tourism segment and increasing investments to enhance the business aviation infrastructure in the countries are driving the demand for charter jet services in the region.
• With the increasing demand for unscheduled flight services, the 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 regulations of the government regarding business aviation can hinder the growth of the market in Southeast Asia During the forecast period.

Southeast Asia Charter Jet Services Industry Segmentation

A charter business model is one in which the aircraft is rented to the users for operation as 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 by individuals, corporates, businesses, VIPs, sportsperson, government officials, for their use post entering a mutual understanding with the charter operator regarding the terms and conditions of the rental program. A charter aircraft can also be modified for performing other roles, such as emergency medical services, cargo delivery, or equipment resupply.

The study considers both private ownership and fractional ownership models deployed by the charter service providers. The scope of the study encompasses only the charter services providers in the Southeast Asia region. Charter helicopters operating in the region are excluded from the purview of the report.