50 SKY SHADES - World aviation news

Research Identifies US$647 Million of Mid to Large Sized Private Jets for Sale in Middel East

Download: Printable PDF Date: 09 Nov 2015 04:57 (UTC) category:
Publisher:
Research Identifies US$647 Million of Mid to Large Sized Private Jets for Sale in Middel East - Business aviation publisher
Tatjana Obrazcova
Aircraft: Airplanes

New research from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals there are around 62 aircraft of this size for sale in the Middle East, with a combined value of around US$646.9 million.

Some 19 of these aircraft are registered in Saudi Arabia, and 18 are in the United Arab Emirates. The remainder is spread out across the Middle East.

The findings reveal that in total, there are around 559 mid to large sized private jets in the region, meaning that around 11% of the fleet is currently on the market for sale.

The aviation finance specialist, which recently agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately US$2.5 billion of net assets, has around US$1 billion to lend to clients to purchase relevant business aircraft in the Middle East and elsewhere around the world.

The aircraft Global Jet Capital funds typically cost between US$25 million and US$75 million each, and it says up to 80% of the funding used to purchase these is sourced through external financing.

Shawn Vick, Executive Director of Global Jet Capital said: "Over the long term we expect to see growth in the sale of mid to large sized business jets in the region, and we are well positioned to meet the finance demand to help facilitate this."

"Many potential clients will be looking to upgrade to a more modern aircraft, but as the region's wealth increases, we expect to see more first-time buyers."

Global Jet Capital, which was launched last year, 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.





Recommended

Lufthansa Technik and Emirates extend A380 base maintenance services

Lufthansa Technik and Emirates have reinforced their long‑standing strategic partnership with the renewal of a multi‑year agreement covering base maintenance services for Emirates’ Airbus A380 f...

Jet Agent: Why operating history should influence every international aircraft acquisition

Aircraft from emerging markets can represent excellent acquisition opportunities but understanding where and how an aircraft operates should shape the pre-purchase inspection and wider due diligence p...

30 years, 800 guests and £20,000 raised – Luxaviation UK celebrates at the Aviation Polo Cup 2026

Aviation took the spotlight at Hurtwood Park Polo Club on Saturday, 5 September, where more than 800 guests gathered with Luxaviation UK and Castle Air for the 2026 edition of the Aviation Polo Cup. M...

AIRCAIRO places order for 15 Airbus A320neo aircraft

AIRCAIRO, Egypt’s National growing Air-carrier, has signed a firm order for 15 Airbus A320neo aircraft at the El Alamein International Airshow 2026. The agreement marks an important mi...

Android Apps development in Riga, Latvia