News

Jetcraft Asia has been named as the Best Aircraft Sales Broker for the 5^th year running by the Asian Business Aviation Association (AsBAA). The awards, which are voted on by industry peers, were presented at the Icons of Aviation charity gala on the 2^nd November.

David Dixon, President of Jetcraft Asia, says: “It’s humbling to receive this award for the fifth time, and I’m incredibly proud of our team in Asia, whose hard work will ensure we can deliver the same level of service for the next five years. I must also thank the rest of the Jetcraft team worldwide for their support as well.”

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Jetcraft, the global leader in business jet sales and acquisitions, is announcing the addition of two new team members in North America, coinciding with its completion of the world’s first transaction of a pre-owned Gulfstream G500 aircraft.

The sale comes at a time of substantial growth in resources for the company worldwide, with a 25% expansion of the team over the past two years.

Chad Anderson, president at Jetcraft, says: “Jetcraft’s growth puts us in a strong position to facilitate pioneering transactions in the long-range aircraft market, which, with an influx of new models, is entering a dynamic period – as evidenced by our recent milestone transaction.

“The definition of ‘pre-owned’ is changing – it no longer means ‘old’ in private jet sales. With innovation among manufacturers focused heavily on large-cabin aircraft, some buyers are choosing to sell after just one or two years of ownership, to upgrade to an even newer model. For example, the G500 ...

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As summer draws to a close and with Q4 on the horizon, it’s the perfect opportunity to reflect and celebrate our recent achievements as we look ahead to what the rest of 2019 has in store.

Jetcraft has been experiencing a period of accelerated growth and, in the past two years, we have expanded our team by more than 25%.

We announced the opening of our London headquarters in early 2018 and doubled our employees in Europe; crucial for serving the world’s second-largest business aviation market. It’s good news for our customers too, who use London as both a cultural and financial hub.

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We are honoured to announce that Jetcraft has facilitated the first-ever pre-owned transaction for the prestigious Gulfstream G500 aircraft.

Thank you to our loyal clients and partners for trusting us with over 100 Gulfstream transactions over the past 10 years, and for allowing us the opportunity to make history with the G500 model.

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This article first appeared in Corporate Jet Investor‘s CJIQ Issue 3. Their posting of the article can be viewed here. An excerpt from the article is posted below.

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More than $150 billion in sales predicted
over the next five years

Jetcraft, the global leader in business aircraft sales and acquisitions, has released a 5-Year New & Pre-Owned Business Aviation Market Forecast – the first of its kind to predict both new and pre-owned aircraft transactions.

The new forecast anticipates 11,765 pre-owned transactions over the next five years, equating to $61bn in value, and 3,444 new deliveries, representing $90.5bn. By 2023 it is expected that industry value will reach nearly $30bn per annum.

Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “This is the first forecast to precisely analyze both new and pre-owned business aircraft transactions over a five-year period. The findings show that our industry will continue to grow in size and scale, hitting nearly $30bn per year in revenue by 2023, a truly impressive figure.

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This article first appeared in AvBuyer. Their posting of the article can be viewed here.

By David Dixon, President of Jetcraft Asia

Asia has been my adopted home since the early 1980s, when business aviation was all but non-existent in places like China, Hong Kong and Japan. What little activity there was could be found in areas such as the Philippines, Australia and Indonesia.

At the time very few people could have predicted that, as a socialist state, China would come to adopt the ultimate capitalist business tool – the private jet. But when Deng Xiaoping opened up China to foreign investment in the 1980s, the rapid growth of the Chinese economy meant business aviation could begin to take off.

The Tiger economy effect

20 years later, Asia was on everyone’s minds. Extreme growth areas, known as Tiger economies, had sprung up across the region and OEMs were scrambling for a China strategy.

While economic growth was rapid and high, the Asian business aviation market did not progress in the same way as that in the US or Europe. The attitude amongst buyers was ‘buy now, buy new’, and the main aircraft of interest were long-range, wide-body models. As a result, the area quickly became dominated by Gulfstream V and Bombardier Global Express aircraft.

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Recognizing individual and team talent is something our company is incredibly proud of and, every year, we make it our aim to support emerging athletes and friends of Jetcraft around the world.

These are the athletes wearing the Jetcraft logo in 2019:

Stan Wawrinka

A Swiss professional tennis player, Wawrinka first began his career at the young age of 14. Wawrinka earned his first ATP Tour victory at the Croatian Open in 2006 and finished in the top 40. In 2008, he teamed up with Roger Federer to win gold medals in the doubles at the Beijing Olympics and was ranked 9^th in the world. Wawrinka has also won three Grand Slam single titles in 2014, 2015, and 2016.

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Jetcraft Owner and Chairman Jahid Fazal-Karim spoke with Anna Stewart on for CNN’s Passion to Portfolio segment. Below is a transcript of the interview. The full interview can be seen here.

Anna Stewart: It’s one of their latest and most prized assets – a $30 million plane that offers the very latest in luxury. This is absolutely stunning and I’m loving it’s designed by Fendi?

Jahid Fazal-Karim: That’s right, these owners tend to have their favorite brands on the plane so I guess this was custom made for that airplane when they bought it. As you can see this airplane, it’s a five year old airplane, is in pretty good shape for five years old. We sold this airplane when it was new and now we’re buying it back.

Anna Stewart: Jahid Fazal-Karim is the owner of Jetcraft, a business which buys and sells private jets. For him it’s the realization of a long held dream.

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