February 20, 2018
On 20 February 2018, Jetcraft Chairman Jahid Fazal-Karim spoke with Francine Lacqua on Bloomberg Surveillance. Below is a transcript of the interview.
Have you ever fancied owning your own private jet? Now might be the time to buy with the global economy picking up. Broker Jetcraft says supply is back to pre-recession levels and the U.S. tax cuts are also set to benefit buyers worldwide. Joining us now is co-owner of Jetcraft. He is Jahid Fazal-Karim and his company is the worlds biggest international buyer and seller of business aircraft. Over the last 10 years it has facilitated more than 550 transactions worth $10 billion. It has also recently opened an office in London. Jahid, thank you so much for joining us.
Jahid: Thank you.
Host: So most, or 80%, of what you sell is second hand aircraft. What is the lifespan of alot of these aircraft?
Jahid: You can fly these airplanes for 20 years. So it really depends on what people want to do with their airplanes. ...