Singapore Postpones SAF Levy but Q1 Business Jet Movements Still +6.9% — China Routes Explosive Growth (Departures +23% / Arrivals +32%) Becomes Core Driver

★★★ Singapore postponed the originally scheduled April 1 SAF levy (applicable to all departures from Singapore including business jets) due to Middle East conflict-induced fuel price spike; new implementation date TBD. But AviGo data shows Singapore WSSS/WSSL Q1 2026 business jet movements at 2,333, +6.9% YoY — demand unaffected by policy uncertainty. Core increment comes from China: outbound 181 → 222 (+22.7%); inbound 183 → 242 (+32.2%), ranking up from #3 to #2. VistaJet retained #1 operator position with departures +26.8% to 123 movements. Japan replaced Vietnam newly entering Top 5. The SAF levy postponement gives operators a cost-buffer window, but post-policy-restart, charter booking costs will face upward pressure.