New research from Global Jet Capital reveals that 56 mid to heavy/large private jets were delivered to the Middle East in 2014 and 2015, with a combined value of over $2.8 billion. Global Jet Capital said 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 were to Turkey (13), followed by Saudi Arabia (12) and the UAE (10).
| Country | Deliveries, 2014-2015 | |||
| Midsize | Heavy jet | Jet airliner | All deliveries | |
| Turkey | 2 | 10 | 1 | 13 |
| Saudi Arabia | 1 | 9 | 2 | 12 |
| United Arab Emirates | 1 | 7 | 2 | 10 |
| Qatar | 0 | 4 | 0 | 4 |
| Kuwait | 0 | 2 | 1 | 3 |
| Rest of Middle East | 1 | 13 | 0 | 14 |
| All Middle East | 5 | 45 | 6 | 56 |
Simon Davies, vice-president for sales in the Middle East, Africa and India at Global Jet Capital, said: “The Middle East is a very exciting market for us. Over the long-term, we expect it to enjoy strong growth fuelled by an expanding and more diversified economy, and an increasing population of people who typically use business aviation.”
“We are a financially strong organisation with a vast amount of experience and expertise, and we are well positioned to provide finance into this sector.”
Global Jet Capital was launched in 2014, is capitalised 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.
Boeing and Somon Air announced the delivery of the airline's first 737 MAX, as the Tajik national carrier continues to modernize its fleet and grow its network. The 737-8 is the first o...
Air India, SkyDrive and Suzuki Motor Corporation signed a memorandum of understanding to conduct a joint feasibility study on the use of eVTOL aircraft for medical air logistics in India. In...
The first TBM 980 for a Brazilian customer delivered by Daher Aircraft, marking the introduction of this newest fast and efficient turboprop-powered airplane in a market where the TBM family continues...
The Arriel 2K engine that powers Leonardo’s AW09 helicopter, has received its type certificate from EASA. This marks an important milestone towards the entry into service of the AW09, Leonardo&r...
