New
research from Global Jet Capital, a provider of
financing solutions for large-cabin, long-range
private jets, reveals that 293 mid to large private
jets were delivered to the Middle East between 2006
and 2015, with an estimated combined value of over
$14.65bn.
Global Jet Capital says these aircraft typically
cost between $25m and $75m 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 (77), followed by the
United Arab Emirates (63) and Saudi Arabia (58).
Country |
Deliveries, 2006-2015 |
All
deliveries |
Midsize |
Large
Jet |
Jet
Airliner |
|
Turkey |
30 |
45 |
2 |
77 |
United
Arab Emirates |
2 |
56 |
5 |
63 |
Saudi
Arabia |
12 |
39 |
7 |
58 |
Qatar |
|
19 |
2 |
21 |
Kuwait |
1 |
11 |
3 |
15 |
Jordan |
1 |
10 |
0 |
11 |
Oman |
|
9 |
1 |
10 |
Lebanon |
3 |
4 |
1 |
8 |
Rest of
Middle East |
0 |
29 |
1 |
30 |
|
All
Middle East |
49 |
222 |
22 |
293 |
Simon Davies,
Global Jet Capital’s Sales Director for the Middle
East, said: “Around 40% of the fleet of mid to large
private jets in the Middle East delivered between
2006 and 2015, and these are the category of
business jets that we finance. “We have a
considerable amount of capital available for clients
who want to finance mid to large private jets, and
the Middle East is an attractive market for us.”
Global Jet Capital launched in 2014 and it 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. In
January 2016 Global Jet Capital completed the
purchase of GE’s corporate aircraft lease and loan
book in the Americas.
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. |