in Aerospace

Global Jet Capital sees increasing need for finance

Posted 3 November 2016 · Add Comment

Global Jet Capital has seen a strong increase in enquiries to finance mid to heavy private jets, with enquiries during the third quarter of this year were 59% higher than the second quarter of 2016 and 240% higher than the same period last year.



Global Jet Capital estimates that as much as $17.5 billion of funding will be needed in 2017 for business jet deliveries.  It estimates that around 27% of this will be raised by high net worth individuals, with the rest evenly split between private and publicly listed companies. 

The company currently has $2.5 billion in assets under management and is revealing today that around 67% of this is through leasing via an operating lease and the remaining 33% is where it has provided funding to clients via loans and capital leases.

Shawn Vick, Executive Director and Chairman of Executive Committee, Global Jet Capital, said:  “The majority of acquisitions of new and pre-owned jets use third-party capital to fully or partially fund the acquisition of the private aircraft they wish to use. We offer a range of tailored solutions and are seeing a growing interest across all of these.

“Combined, our management team has over 200 years of service to the private aircraft industry, and between us we have completed over 3,500 aircraft transactions. We have the expertise, financial strength and industry relationships to develop tailored and flexible financing solutions for our clients.”
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Airbus-led FUSE-IT project awarded ITEA Award of Excellence on Innovation

The research and technology project FUSE-IT, conducted by 18 partners from France, Belgium, Portugal and Turkey and led by Airbus CyberSecurity, has received the 2018 ITEA Award of Excellence on Innovation.

UKRoC winners Tonbridge School to represent UK in IRC at FIA

Tonbridge School’s team ‘Rocketon’ have won the national final of the UK Youth Rocketry Challenge (UKRoC) to earn a place representing the UK and competing against students from the USA, Japan and France at the International Rocketry

Cardiff Airport concludes successful UK Airports Safety Week

The airport-led initiative - UK Airports Safety Week which ran until 20th May and took place across over 50 UK airports - aims to promote and demonstrate the importance of safety to the airport team, visitors and customers alike.

QinetiQ's X-Net helped protect the Royal Wedding

Thames Valley Police used QinetiQ’s vehicle stopping X-Net technology as part of wider security plans to protect the Royal Wedding of Prince Harry and Meghan Markle in St George’s Chapel, Windsor last weekend.

Atos and Google Cloud form global partnership

Digital transformation specialist, Atos, has entered into a global agreement with Google Cloud to address the digital transformation needs of enterprise customers.

J2 Aircraft Dynamics gains US DOS license to provide military aircraft technical support

J2 Aircraft Dynamics, a UK SME and ADS member, has received a license from the US Department of State (DOS) to provide technical assistance through 2022, under International Traffic in Arms Regulations (ITAR), in the form of modelling,

RUBB SK2105211118
See us at
FIL18 BT111017220718SMI FAVWSBT1402060618