Industry Insights

The President of Jetcraft, Chad Anderson, recently spoke with Luxury Lifestyle Magazine about pre-owned aircraft. Why to buy a pre-owned aircraft, why are these almost-new aircraft available, and where to find them.

Luxury Lifestyle Magazine, September 2019

Pre-owned, vintage, used…from sports cars to designer clothes and beyond, these words don’t usually indicate ‘new’.

But, according to Jetcraft, the world’s leading aircraft sales specialist, pre-owned private jets don’t have to be ‘old’ – in fact, the savviest buyers are now picking up these airplanes after less than a year of use.

So how do buyers find an almost-new aircraft? And what’s bringing these jets to the market in the first place? We asked Chad Anderson, president of Jetcraft.

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At Jetcraft, we’re fortunate to have the opportunity to spend a week together as a family each summer at our annual staff retreat. The global team gathers, along with their partners/spouses, to spend time with colleagues and to celebrate what we’ve done over the past 12 months. Jetcraft Chairman Jahid Fazal-Karim shares why bringing everyone together is important to him and the company. “It’s about building a true family where everybody understands how hard we work, but at the same time that we are all together to achieve a big common goal which is a goal for the employees but also the people that they share their lives with.”

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Last month we released our 5-Year New & Pre-Owned Business Aviation Market Forecast – the first report of its kind to take a precise, comparative and quantified look at both types of aircraft transactions.

Aside from introducing pre-owned market predictions, we’ve updated our overarching methodology as compared to previous reports, making it even more precise. We’ve shifted to a five-year rather than a 10-year outlook, to better reflect the current aircraft ownership experience, and adjusted the overall population of aircraft analyzed to more closely align with our expertise. Furthermore, we’ve classified new deliveries as transactions only from date of entry into service and retrospectively normalized classifications prior to 2012, when all aircraft built were considered new deliveries. Finally, we’ve leveraged more of our own transaction data for a truly consolidated outline of how we see the industry behaving.

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How findings from our 10-year market forecast reflect real-world trends in the private jet market

The annual NBAA-BACE trade show is defined by one thing – an industry-wide interest in, and passion for, aviation.

Which is why Aerion’s announcement – that the first transatlantic supersonic jet since Concorde would soon be taking to the skies – was greeted with such enthusiasm at this year’s show. Aerion announced that the jet is on track to fly in June 2023, with the first transatlantic crossing the same year, 20 years after the celebrated Concorde flew its last.

Click to Enlarge

The faster-than-sound business jet will undoubtedly be a market disruptor, particularly given its anticipated intercontinental capabilities, which will be a key indicator of its market performance. According to Jetcraft’s new 10-year market forecast, those regions where business needs are increasingly globalized will take the lead in terms of unit deliveries. North America is set to account for 60% of deliveries (5,241 units) over the forecast period, with Europe taking second place at 18% (1,572), and Asia Pacific third at 13% (1,136).

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Forbes.com, November 2018
Story by Bridget Arsenault

With more than 20 offices worldwide and 55 years of experience Jetcraft is one of the true leaders in private aviation. With new jet share companies disrupting the market – creating an Uber-like marketplace in the elite world of private travel, Jetcraft continues to offer its experience and expertise to that top percent looking to purchase a private plane. Having accrued unparalleled industry expertise and understanding of the varied global markets in which they operate, has made Jetcraft a leader in aircraft sales, acquisitions and trades. We spoke with the company’s current owner Jahid Fazal-Karim to understand the nuances behind what he does and how he’s built such a successful company.

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How findings from our 10-year market forecast reflect real-world trends in the private jet market

This year’s NBAA-BACE trade show in Orlando was marked by an industry-wide feeling of confidence.

The show coincided with our fourth annual 10-year business aviation market forecast, which reaffirms the optimism felt by show exhibitors and attendees. According to the forecast, steady growth in the private jet industry is set to continue, with 8,736 unit deliveries representing $271 billion in revenues (based on 2018 pricing) anticipated over the next 10 years.

Now that we’ve successfully navigated through our industry’s most difficult period, OEMs are again using trade shows to make a statement about their place in the industry. In Orlando, Embraer took early news headlines with the announcement of two new aircraft, the Praetor 500 and 600, both of which made their world debut on the hot tarmac of the static display.

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The President of Jetcraft Australia and New Zealand, Mick Doohan, was recently featured in The Australian – Wish Magazine. Doohan spoke about aircraft in Australia, the business case for buying or hiring your own plane, and also how much fun they can be.

Wish Magazine, October 2018
Story by Stephen Corby, portrait bu Vanessa von Zitzewitz

You might think of private jets as the sleek, chic and salaciously expensive playthings of the über-mega-rich, but they’re actually much more than that. According to Mick Doohan – living legend of motorcycle racing, five-time world champion and these days the man you need to talk to in Australia if you want to buy, borrow or sell a personal aircraft – they are also something Dr Who would appreciate.

“It’s a time machine, basically,” Doohan says, chatting by phone from his Monaco home. “Really, what a private aircraft gives you is time: it’s the freedom to fly on your schedule and to save time with things like check-in, and the simple fact that you’re not waiting for the aircraft, the aircraft is waiting for you.

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In today’s global business environment, more and more customers are preferring larger, long-range and ultra-long-range aircraft. Newly launched aircraft programs, or those currently in development, are almost exclusively catering to the rising demand for wide-body models.

The desirability of an ultra-long-range model is evident from its name. These aircraft are desirable tools to facilitate our increasingly globalized world of business.

So, which of these aircraft are worth considering for your next purchase? Here’s a preview of seven new jets scheduled to enter the market within the next five years…

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Gray skies and threatening thunderstorms couldn’t dampen spirits at EBACE 2018 in Geneva. The mood was buoyant and the good feeling that came out of NBAA-BACE in October has clearly extended to Europe, as demonstrated by the show’s big announcements.

The Show Daily publications touted the unveiling of Bombardier’s Global 5500 and 6500 aircraft as ‘business aviation’s best-kept secret’, bringing upgraded options to the super-large and ultra-long-range market segments. Concurrently, Rolls Royce announced its re-entry to business aviation with the Pearl engine that will power the two Bombardier business jets.

Embraer’s press conference saw the announcement that the OEM is to become the first business jet customer for ViaSat’s Ka-band in-flight connectivity service, delivering 16MBps to the aircraft, enabling passengers to stream content and live TV – a bonus for the longer journeys that passengers are making.

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