Research from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals there are around 972 mid to large private jets in Asia-Pacific, and 30% (294) of these are in China, which is more than any other country in the region.
Overall, 37% of the region’s fleet of business aircraft are mid to heavy, and the corresponding figure for the global fleet is 32%. Nearly all (93%) of Hong Kong’s 129 business aircraft are mid to heavy in size. This is followed by Singapore where 73% of its fleet of business aircraft are mid to heavy, and China where the corresponding figure is 69%. The research is based on Global Jet Capital’s analysis of JetNet data in March 2016.
“Our analysis reveals that a higher percentage of Asia-Pacific’s fleet of business aircraft is mid to heavy in size than the global average,” said David Henderson, Global Jet Capital’s newly appointed managing director of Asia sales. “Given we focus on financing these types of jets, this market is particularly attractive for us.”
Global Jet Capital says mid to heavy private jets typically cost between US$25m and US$75m each, and up to 80% of the funding used to purchase these is sourced through external financing. The company recently completed the purchase of the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas. This represented approximately US$2.5bn of net assets, and the company has a further US$1bn to lend to clients to purchase business aircraft.
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.
April 13, 2016
