Global Jet Capital releases new research on Asian Bizav

Global Jet Capital has released new research at ABACE in Shanghai that has stated that mid-sized to heavy jet purchases in Asia have an average cost of between  $25 million and $75 million each, but that up to 80% of the funding used to purchase such aircraft is sourced through external financing. The data was provided by JetNet.

The largest number of deliveries was to China (196) accounting for 51% of all mid-sized to heavy jet deliveries to Asia Pacific between 2011 and 2015. This was followed by Hong Kong (68 deliveries), India (23 deliveries) and Singapore (15).

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

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Robert Gates, senior managing director of Global Jet Capital, said: “The Asia Pacific region is a very exciting market for us.  Long term, we expect its private jet market to enjoy strong growth. Indeed, for the period 2011 to 2015, the number of mid to heavy private jets delivered to the region was 51% higher than the period 2006 – 2010.

Gates added: “We are one of, if not the only, dedicated aviation finance specialist to operate on a global basis.  Our team has a wealth of experience funding a wide variety of aircraft types, and we have significant funds available to lend to clients here wanting to purchase mid to large private jets.”

Global Jet Capital, which 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.