Wed, Mar 22, 2017
Analyst Finds State Has A Bigger Fleet In The Category Than Any Country Except The U.S.
Analysis from Global Jet Capital, a global provider of financing solutions for corporate aircraft, suggests that 283 medium and large business jets worth an estimated $9.1 billion could be delivered to Texas between now and 2025.
The company’s research reveals that Texas has around 410 midsize, 445 heavy business jets and 16 jet airliners, which is approximately 11% of the total for the U.S. as a whole. In fact, the state’s midsize, heavy and jet airliner business aviation fleet, some 871 aircraft, ranks it as the second largest fleet in the world – ahead of Mexico (611 aircraft), China (363) and Canada (347) – and only behind the US as a whole (7,591).
"Texas has the largest fleet of mid and heavy sized jets in the U.S.," said Greg Babcock, Vice President Sales, Central USA. Over one third of the aircraft delivered to Texan customers in the last five years have been mid to heavy and this trend is likely to continue."
Global Jet Capital launched in 2014 and it is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company in partnership with Franklin Square Capital Partners; The Carlyle Group; and AE Industrial Partners. In January 2016 Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.
The company’s current management team and executive committee is composed of leaders from business jet manufacturers, maintenance and service providers and leading financial institutions who have served the private aircraft industry for a combined 200-plus years and have completed over 3,500 aircraft transactions.
(Source: Global Jet Capital media release)
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