A new research reveals that 11.5% of the world’s fleet of mid-sized to heavy business aircraft are currently available for sale, a total of 1,500 aircraft. Global Jet Capital, a provider of finance for large-cabin, long-range private jets, today announces the launch of an aircraft sales division.
The company has recognized that with this large number of pre-owned aircraft on the market, buyers have a wide range of options and can afford to be increasingly demanding. Global Jet Capital believes that the combination of its experience and the caliber of aircraft it is bringing to the market, along with including maintenance and training support with the purchase of an aircraft, will have unrivalled appeal to prospective owners.
The aircraft available through Global Jet Capital’s aircraft sales division are those for which it has previously provided financing, and therefore the company has detailed knowledge of the aircraft’s ownership and maintenance history, technology and refurbishment requirements. Allied to this knowledge is Global Jet Capital’s expertise in matching the right aircraft to a client’s needs, as well as providing the appropriate financing for acquisitions and the management of billions of dollars of aircraft assets.
The company has also partnered with JSSI to provide a six-month comprehensive unscheduled maintenance package with worldwide technical support, and with FlightSafety to provide initial pilot and maintenance training programs.
Dave Labrozzi, Chief Operating Officer of Global Jet Capital says: “With a relatively large number of large business aircraft on the pre-owned market, anybody wanting to sell an aircraft has to present the best possible package to prospective buyers. Our new aircraft sales division does just that, and we are confident that what we can offer is unmatched by anyone in the industry. Our aim is to become the first port of call for anyone looking for a pre-owned business aircraft.”
Table showing number and share of midsize, heavy and jet airliners listed for sale, 2016
|Region||Number of large business aircraft listed for sale||Percentage of regional large business aircraft fleet|
|Australia & Oceania||18||15.0%|
Global Jet Capital, which was launched in 2014, 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.
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.
(1) Global Jet Capital analysis of JetNet data, May 2016