Sat, Apr 15, 2017
Value Of Large Business Jets Delivered Estimated At Over $22 Billion
New research from Global Jet Capital, a provider of financing solutions for corporate aircraft, reveals that around 450 mid to heavy private jets were delivered to Asia Pacific between 2012 and 2016, with a combined value estimated at over $22 billion.
Global Jet Capital says these aircraft typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing.
The largest number of deliveries was to China, which purchased 255 business jets at an estimated cost of $12.75 billion. This accounted for 57% of all deliveries to the region over the past five years, signifying the demand for aircraft at the larger end of the spectrum.
This was followed by Hong Kong (65 deliveries), India (21 deliveries) and Japan (15 deliveries).
Global Jet Capital believes Asia offers strong opportunities for growth in the business aviation sector. It is seeing a growing number of enquiries in the region to help finance the purchase of large to mid-sized jets, and it has recently appointed Violet Kwek as Sales Director, Greater China. It is also looking to recruit more people to bolster its team in the region.
“Over the next ten years or so, as many as 90 mid to heavy private jets are set to be delivered to Asia every year, which is over 17% of the world’s total," said Violet Kwek, Sales Director, Greater China and North Asia at Global Jet Capital. The region has been taking a bigger share of global deliveries and it is a key market for us where we are growing our team to help capitalize on the huge opportunities here.”
(Source: Global Jet Capital media release. Image from file)
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