Research reveals size of European mid-size and large business jet market
New research from Global Jet Capital, a provider of financing solutions for corporate aircraft, reveals that 27% of the 1,742 private jets in Europe are midsize, large and jet airliners based in the UK and Germany.
In total there are 464 of the large aircraft in the UK and Germany, with the UK having 255 and Germany has 209.
Around 41% of Europe’s fleet of business aircraft is mid to large cabin, a significantly higher proportion than in the global fleet, where the corresponding figure is 32%.
Some 79% of Portugal’s 126 business aircraft are mid to heavy in size. This is followed by Russia, where 74% of its fleet of business aircraft are in this category, and Austria where the corresponding figure is 59%.
| Country | Midsize, heavy and jet airliner fleet size | Share of country’s fleet of business aircraft |
| United Kingdom | 255 | 46% |
| Germany | 209 | 27% |
| Russia | 144 | 74% |
| France | 138 | 28% |
| Switzerland | 128 | 45% |
| Austria | 121 | 59% |
| Portugal | 99 | 79% |
| Italy | 65 | 36% |
| Spain | 59 | 35% |
| Belgium | 39 | 37% |
| Rest of Europe | 485 | 43% |
| All Europe | 1,742 | 41% |
Global Jet Capital believes that the European business aviation sector is looking more attractive as the region shows clearer signs of economic growth. The latest forecast from the European Commission shows that for the first time in nearly a decade, the economies of all EU Member States are expected to show growth throughout 2016, 2017 and 2018. Real GDP in the Euro area has also grown for 15 consecutive quarters and employment is growing.
“The European private jet market has been subdued for a number of years now, but the economic outlook is improving in the region and if this can be sustained over the long-term it should have a positive impact on the corporate aviation sector.”
Matthias Müller, European Sales Director, Global Jet Capital said: “The European private jet market has been subdued for a number of years now, but the economic outlook is improving in the region and if this can be sustained over the long-term it should have a positive impact on the corporate aviation sector.”
Graeme Shanks, Northern Europe Sales Director, Global Jet Capital added: “The improving economic environment in Europe coupled with the fact that there are over 1,000 mid to heavy jets in the Continent means we have an increasingly positive outlook on this market.”
