News

Ten-year projection points to new business cycle, improved absorption rates of pre-owned aircraft and predicts the trend for widebody aircraft will continue

October 4, 2017 (Raleigh, NC) – Jetcraft, the leader in business aircraft sales, marketing and ownership strategies, today released its third annual 10-year business aviation market forecast. The global business aviation installed base of just more than 21,000 aircraft will surpass the 28,000 unit mark (net retirements) in 2026, growing 33% during the forecast period.

Jetcraft’s 2017 forecast calls for 8,349 unit deliveries representing $252 billion in revenues (based on 2017 pricing) to be realized by 2026. North America will again lead the way with 62% (5,176 units) marketshare of unit deliveries, followed by Europe with 17% and Asia with 12% (1,420 units and 1,002 units, respectively).

“Pinpointing the transition into a new business cycle is challenging,” said Jetcraft’s Chairman Jahid Fazal-Karim. “Our forecast indicates we are finally exiting the post-2008 recession period, entering several years of steadier, healthier growth and expanding revenues. This new business cycle should shape our industry for years to come.”

Read more →

Industry Veteran Danie Joubert to Represent Jetcraft in Africa; New Agreement Strategically Positions Jetcraft to Serve African Market and Global Clientele

Jetcraft, the global leader in business aircraft sales and acquisitions, today announced another milestone in its continued global expansion through the appointment of Danie Joubert as Vice President, Sales. Based in Johannesburg, Joubert will represent Jetcraft in Africa and be responsible for all sales activities in the region.

“We continue to see steady business aviation activity coming out of Africa. Our agreement with Danie will allow us to better serve not only our clients across the continent, but also strengthen our global presence and provide unprecedented access to an expanded inventory for our customers worldwide,” said Jetcraft’s President Chad Anderson.

Danie comes to Jetcraft from Absolute Aviation Group where he served as Chief Operating Officer since 2012. Prior to that, he held executive roles at Adonai Aviation Ltd and ExecuJet Aviation Group. He has extensive experience in business aviation that includes aircraft sales, acquisitions and trades, contracting, and deal management. Having previously served in the South African Public Service, Danie is also uniquely versed in government systems, processes and requirements.

Read more →

On 25 January 2017, Jetcraft Chairman Jahid Fazal-Karim spoke with Sally Bundock and Rachel Horne on BBC Business Live. Below is a transcript of the interview.

Host intro:

Now let’s get to the inside track on how the worlds top business leaders get a ride. We’re talking corporate jets and private planes. They can be the fastest way to get between back-to-back meetings in different countries.

The market is quite a tricky one as you can imagine. Jet inventory is rising as manufacturers churn out hundreds of these jets a year. And once it’s been bought, the value of a jet falls rapidly but aircraft broker Jetcraft says that the resale market is still strong with large ultra-long-range aircraft particularly popular among business jet buyers. These types of large cabin jets can link nearly any two points in the globe.

Now, let’s talk to a man that knows all about this, Jahid Fazal-Karim, who is the co-owner and Chairman of the Board at Jetcraft. Good morning and welcome to Business Live.

Jahid: Good morning.

Host: Now before we talk about your business and what it does right now, let’s talk about your story. You escaped civil war at a very young age, at the age of 8, in Madagascar. What happened next and where did you go?

Read more →

At the distinguished AsBAA Icons of Aviation Awards Charity Gala Dinner on November 6, 2016, Jetcraft Asia was awarded the Best Aircraft Brokerage for its second year in a row. Presented by the Asian Business Aviation Association (AsBAA), the annual awards are voted by industry members.

“This award is validation of our efforts to be the leading international buyer and seller of new and pre-owned aircraft to our clients, for whom we strive to always deliver comprehensive and forward-thinking solutions,” said Jetcraft Asia President, David Dixon. “We are delighted to receive recognition from industry peers especially for the second time. Thank you very much for your confidence and continuous support!”

Read more →

28th October 2016. Raleigh, NC – Jetcraft today announced the appointment of Dan Kilkeary as Sales Director for the Northeast United States territory, effective immediately.  Dan joins Jetcraft from Dassault Falcon where he had served as the NJ/NY Metro Area Sales Manager since 2012.

In addition to Dan’s appointment to the industry leading Sales team at Jetcraft, Chris Hollingsworth has relocated from Europe to take on the South Central U.S territory. Chris, who has been with Jetcraft since 2009, will be based in Dallas, TX. The rest of the U.S. territory will continue to be covered by Chris Brenner (North Central U.S. & Canada), Marius Breitenbach (Western U.S.) and Victoria Barrow (Southeast U.S.).

Read more →

Ten-year forecast predicts ongoing challenges in emerging markets with continued North America dominance; Gulfstream projected to top OEM revenues with Pratt & Whitney Canada taking top spot for engine OEMs.

OCTOBER 12, 2016 (Raleigh, NC) – Jetcraft, the leader in business aircraft sales, marketing and ownership strategies, today released its second annual business aviation market forecast. The 2016 report calls for 7,879 unit deliveries representing $248 billion in revenues (based on 2015 pricing) to be realized over the next 10 years.

The forecast also examines key macroeconomic trends – a slowdown in wealth creation, the migration of ultra-high net worth individuals (UHNWIs) from emerging market economies and the fluctuation of oil prices – and evaluates the impact such factors will have on the business aviation sector througout the coming decade. Overall, this year’s predictions are lower than last year’s report in terms of deliveries and revenues. Yet, despite challenges, there are bright spots on the horizon led chiefly by continued growth of the North America market.

“Last year, we highlighted the unpredictability of our industry since 2008, and the impact of global events during the past 12 months have certainly continued this trend,” said Jetcraft’s Chairman Jahid Fazal-Karim. “As global factors continue to influence the business aviation market, we are uniquely positioned—through our 20+ offices worldwide—to qualitatively test our forecast’s assumptions and the impact of these global factors on the ground, providing a cumulative view that joins our analysis with real-world business transactions, ” he added.

Read more →

On November 6^th, Jetcraft was named Best Aircraft Brokerage by AsBAA during their inaugural Business Aviation Industry Awards Charity Gala Dinner.  The winners were determined by industry votes.

“It is an honour to be recognised for our capabilities in aircraft sales and acquisitions in the Asia Pacific Region,” said Jetcraft Asia President, David Dixon. “When we opened our office in Asia in 2012 we hoped to be the best in the region. Thank you to everyone who voted, and to all of our customers and industry partners who have worked along side of us in Asia over the last three years.  We truly appreciate the support and share this award with all of you.”

Read more →

“10 Year Market Outlook” predicts Bombardier will lead the way in aircraft deliveries and revenue; Rolls-Royce’s dominance in engines being threatened by Pratt & Whitney Canada; and Honeywell achieving top market share for avionics

October 20, 2015 (Raleigh, NC) – Jetcraft, the leader in international business aircraft sales, marketing and ownership strategies, today released its first-ever business aviation market forecast. The report delivers an agnostic, non-manufacturer-based perspective on the business aviation sector. The forecast draws on the depth of Jetcraft’s five decades of experience connecting buyers and sellers of business aircraft and its position as the leading authority on aircraft ownership strategies. Jetcraft’s “10 Year Market Outlook” projects not only aircraft deliveries and revenue, but also avionics and engine OEM sales, depicting a complete picture of the whole business aviation industry.

“We wanted to provide an objective, comprehensive forecast of the sector, given our industry’s lack of predictability since 2008, from a viewpoint that no other party could offer,” said Jetcraft’s Chairman Jahid Fazal-Karim. “Our unique position in the transaction process—sitting between buyers and brokers on one side, and OEMs on the other—gives us a unique perspective on one of the most watched sectors globally.”

Read more →

Read more →