Research reveals 29 private jets could be delivered to Singapore between now and 2025
New analysis from Shearwater Aero Capital, the global corporate aviation finance specialist that has provided asset-based loans on aircraft worth over $100 million located around the world since its launch in 2014, reveals that as many as 29 new private jets could be delivered to Singapore between now and 2025. The cost of these aircraft could be in the region of $1 billion.
The company’s analysis reveals that the country currently has a fleet of around 52 business jets, and 41 of these are classified as ‘heavy’ or large. Four of the jets are medium sized, and seven are classified as ‘light’ – these represent some of the smallest aircraft models.
Chris Miller, Managing Partner, Shearwater Aero Capital, said: “Singapore is a very attractive market for business aviation finance companies like ours. It has larger, more expensive aircraft than other countries, and like the rest of Asia, it is waking up to the benefits of using financing to purchase business aircraft as opposed to just paying cash.”
Shearwater Aero Capital provides asset-based financing options to help clients purchase new or pre-owned business aircraft by securing the aircraft as collateral and intelligently managing the asset to preserve its value.
Furthermore, asset-based financing also provides an opportunity for investors to capture high yield value in the fastest growth segments of aircraft sales – international developing markets. Last month, fast growing Shearwater Aero Capital announced it’s in the process of welcoming additional capital sources to diversify its investor base and keep up with demand.
The Company provides finance solutions for all types of aircraft.
Funding is relatively low risk with an average loan to value of 65%. As added investment security, all financed aircraft are independently operated by third parties unrelated to the obligor, so in the event of a default Shearwater can quickly repossess and liquidate the aircraft to satisfy outstanding balances.
2018 was Shearwater’s strongest yet accounting for 60% of the Company’s business since its launch in 2014. Last year, its average loan size was approximately $7 million. It has provided loans from $1.5 million to $15 million for a range of aircraft from a Hawker 400 XP to a Bombardier Global 5000 and financed clients from Asia, the Middle East, Africa and the USA
Shearwater offers a variety of services across the private aviation industry. This includes:
Aircraft financing: Asset based financing on business jet aircraft for clients across the globe.
Appraisal and Valuation Services: All of its appraisals are USPAP compliant and performed by an accredited Senior Aircraft Appraiser by the American Society of Appraisers (ASA).