Global Jet Capital releases data for Asia-Pacific region from 2012 to 2016
Global Jet Capital research shows that 450 large business jets were delivered to the Asia-Pacific region at an estimated cost of over US$22 billion from 2012 to 2016.
The company said these aircraft typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these was sourced through external financing.
The largest number of deliveries was to China, which purchased 255 business jets at an estimated cost of $12.75 billion. This accounted for 57% of all deliveries to the region over the past five years, signifying the demand for aircraft at the larger end of the spectrum.
This was followed by Hong Kong (65 deliveries), India (21 deliveries) and Japan (15 deliveries).
Global Jet Capital believes Asia offers strong opportunities for growth in the business aviation sector. It is seeing a growing number of enquiries in the region to help finance the purchase of large to mid-sized jets, and it has recently appointed Violet Kwek as sales director, Greater China. It is also looking to recruit more people to bolster its team in the region.
“Over the next ten years or so, as many as 90 mid to heavy private jets are set to be delivered to Asia every year, which is over 17% of the world’s total. “
Violet Kwek, sales director, Greater China and North Asia at Global Jet Capital said: “Over the next ten years or so, as many as 90 mid to heavy private jets are set to be delivered to Asia every year, which is over 17% of the world’s total. The region has been taking a bigger share of global deliveries and it is a key market for us where we are growing our team to help capitalize on the huge opportunities here.”
|Country||Mid and heavy jets deliveries, 2012-2016||Percentage of deliveries to Asia Pacific||Estimated value of deliveries, 2012-Estimated valued (US$m)|
|Rest of Asia Pacific||18||4%||$900|
|ALL Asia Pacific||450||100%||$22,500|
Global Jet Capital was launched in 2014 and it 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.