New
research from Global Jet Capital, a provider of
financing solutions for corporate aircraft, reveals
that around 452 mid to heavy private jets were
delivered to Europe between 2012 and 2016, with a
combined value estimated at around US$22.6bn.
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 was to Germany, which
purchased 64 business jets at an estimated cost of
$3.2bn. This accounted for 14% of all deliveries to
the region over the past five years.
This
was followed by the UK (54 deliveries), Switzerland
and Austria (32 deliveries each) and Russia (30
deliveries).
Global Jet Capital is seeing growing interest for
business aviation finance in Europe.
Matthias Müller,
European Sales Director, Global Jet Capital, said:
“Between 2015 and 2025, the European business jet
fleet is expected to nearly double in size. It is
expected to see fleet compound annual growth of
around 7% and it will remain the second largest
market for business aircraft in the world.
“Europe is a very important market for us and one
where we expect to see our business grow
substantially over the next few years.”
Graeme Shanks,
Northern Europe Sales Director, Global Jet Capital
added: “It’s important to acknowledge there are
significant differences between the business
aviation markets of European countries. Some are
more developed than others, and this has
implications for the type of financing that will
considered by clients in each market.”
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Country |
Mid and heavy jets
deliveries, 2012-2016 |
Percentage of deliveries
Europe |
Estimated value of
deliveries, 2012-2016
Estimated valued (US$m) |
|
Germany |
64 |
14% |
3.2 billion |
UK |
54 |
12% |
2.7 billion |
Austria |
32 |
7% |
1.6 billion |
Switzerland |
32 |
7% |
1.6 billion |
Russia |
30 |
6.6% |
1.5 billion |
France |
24 |
5% |
1.2 billion |
Portugal |
19 |
4% |
950 million |
Belgium |
13 |
3% |
650 million |
Spain |
11 |
2% |
550 million |
Italy |
7 |
1.5% |
350 million |
Rest of Europe |
166 |
37% |
8.3 billion |
|
All Europe |
452 |
- |
22.6 billion |
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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. |