September 2, 2011
Jetcraft Finds Stability In Global Business Jet Market Despite Recent Economic Uncertainties
Strong demand for new long range/large business jets has stabilized prices accordingly, while compelling opportunities exist for buyers of select pre-owned aircraft
RALEIGH, NC, Aug. 31, 2011 – Jetcraft Corporation, a provider of business aircraft sales, acquisitions, trading and brokerage services, today commented on the state of the international business jet market.
“Fundamentally, Jetcraft’s market outlook remains unchanged – despite recent financial uncertainties in Europe and the US,” says Chad Anderson, President, Jetcraft Corporation. “Specifically, we are seeing two trends that we believe are representative of the international business jet market at this time. First, prices at the top of the market – new long range to large business jets – have stabilized significantly. This good news for sellers has largely been driven by strong demand from emerging markets in Asia, Eastern Europe, the Middle East and South America. In parallel, we continue to see demand recovery in North America, from both public companies and high-net-worth individuals. Second, there remains a healthy supply of ‘legacy’ business jets models on the market – approximately 15% of the total of these fleets worldwide are currently for sale – which creates attractive opportunities for buyers. It is worth noting that ‘legacy’ aircraft such as the Bombardier Challenger 604, the Gulfstream GIV or the Dassault Falcon 900B may offer exceptional value,” adds Mr. Anderson.
“We believe that confidence in the business jet market is holding because the volume of transactions has remained quite stable,” continues Jahid Fazal-Karim, Co-Owner and Board Member, Jetcraft Corporation. “Business jet purchasers are generally acquiring aircraft based on anticipated lift requirements six to 18 months from today. This trend illustrates continued confidence as globalization of business continues, the need for long range business jets – particularly in emerging markets – is here to stay. Furthermore, access to credit and financing has not been noticeably impacted by recent macroeconomic events. Jetcraft is guardedly optimistic and we continue to monitor risk. On balance, we expect our sales results to remain very favorable through year end,” concludes Mr. Fazal-Karim.
About Jetcraft Corporation
Jetcraft Corporation is an international leader in new and pre-owned business aircraft sales, acquisitions and trades. Headquartered in Raleigh, NC, Jetcraft has sales offices/representation in five US cities; Basel, Switzerland; Dubai, UAE and Moscow, Russia. The company’s 49-year track record in aircraft transactions has earned it a world class customer base and one of the strongest global networks in the industry. Jetcraft Avionics LLC, a subsidiary of Jetcraft Corporation, provides distribution of Enhanced Flight Vision Systems (EFVS) for aftermarket business and wide body aircraft using Elbit-Kollsman’s state-of-the-art EVS-II and AT-HUD. For more information, please visit www.jetcraft.com.