Jetcraft Commercial, the commercial aircraft division of global aviation trading firm Jetcraft, is announcing the delivery of two Bombardier CRJ-1000 regional jets to Basra Airlines, a newly launched Iraqi carrier preparing to commence operations in March 2026.

The arrival of the aircraft marked a key milestone in Basra Airlines’ launch and certification journey, supporting the successful achievement of the airline’s Air Operator Certificate (AOC) on 24 December 2025. With certification secured, Basra Airlines is now advancing preparations to begin commercial operations. The CRJ-1000 fleet is expected to initially serve domestic routes from Baghdad, complemented by regional services to strategic destinations including Dubai, Beirut, and Amman.

Raphael Haddad, President, Jetcraft Commercial, says: “This transaction reflects Jetcraft Commercial’s ability to deliver tailored fleet solutions that meet the specific needs of new market entrants. The CRJ-1000 is a proven regional jet with strong operating economics, making it ideally suited to supporting efficient, reliable connectivity in emerging and underserved markets.

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Attributed to Joanna Kwong, President – Jetcraft Asia, and Tim Yue, Sales Director, Jetcraft

Across Asia, from the mature hubs of Greater China and Japan to the rising opportunities in Southeast Asia, a new generation of aircraft buyers are entering the market. At Jetcraft, we’re seeing this momentum translate into strategic aircraft acquisitions and a growing appetite for both new and pre-owned inventory.

Tech-driven entrepreneurs reshaping the landscape

In Southeast Asia, demand is being driven by legacy families, younger buyers, entrepreneurs and business leaders in emerging industries such as tech. These buyers see aircraft as operational tools, rather than luxury statements. They’re focused on access, performance, and time-saving with a long-term view.

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By David Dixon, Executive Chairman, Jetcraft Asia, and Daniel Renwick, Sales Director Australia and New Zealand

As demand grows and markets develop, the Asia-Pacific region is now a key driver of global business aviation activity.

At the 2025 Corporate Jet Investor Asia, the industry’s need for adaptability was the main topic of conversation. Panellists discussed how global and regional changes are impacting business as buyer demographics evolve and the industry reacts to geopolitical and economic challenges.

Asia-Pacific as a resilient and evolving region

The business aviation landscape has remained strong, even amid global uncertainty. Unlike past cycles, where external shocks quickly cooled demand, today’s buyers continue to act with confidence.

Across Asia-Pacific, several sectors are driving momentum. India is emerging as one of the region’s most active players, following a trajectory similar to China’s expansion fifteen years ago. Similar to China’s earlier expansion, infrastructure and regulation still present challenges, but buyer intent is increasingly clear.

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To our Clients, Partners and Friends,

2025 will be remembered as a year of contrasts, with the industry experiencing growth, challenges and having its resilience tested.

Heading into the year, the market was in a period of stability, and confidence among buyers and sellers was returning. At Jetcraft, we were seeing this assurance reflected in our predictions of sustained growth through 2025, with a five-year forecast of 11,202 pre-owned aircraft transactions, bringing in $73.9 billion.

As the year progressed, the world saw the unexpected announcement of US tariffs, which slowed most markets globally, throughout the first quarter. These changes in US policy, and subsequent retaliatory tariffs, added a layer of complexity in transacting.

Knowing from experience that the industry rarely stands still, we have made use of our global network to navigate challenges posed by tariffs and wider geopolitical tensions, as difficulties in aircraft supply and availability began to slow t...

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As the year draws to a close, Jetcraft Commercial reflects on the trends that shaped the global commercial aircraft market in 2025 and shares its outlook for 2026 and beyond. From shifting fleet strategies and rising lease rates to growing demand in underserved regions, this provides an informed snapshot of current dynamics, and where the industry is heading next.

2025 in a nutshell

Despite persistent supply chain issues and limited inventory, 2025 was marked by strong demand across most aircraft segments. Regional jets and turboprops continued to attract interest from operators seeking versatile, efficient lift, particularly in markets where infrastructure constraints or cost pressures make right-sizing essential. Similarly, narrowbodies saw increased leasing activity, as airlines sought capacity without committing to long OEM backlogs.

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Product Overview

The Cessna Citation XLS is a midsize business jet that blends performance, comfort, and efficiency. Part of the renowned Citation family, the XLS offers the range and speed of a larger jet with the flexibility to operate from shorter runways, making it ideal for both business and leisure travel.

As of October 2025, 330 Citation XLS aircraft were produced. 14 of these are for sale with the majority (6) under an exclusive broker agreement.

Brief History

The Cessna Citation XLS is a midsize business jet developed by Cessna in the early 2000s as an enhanced version of the original Citation Excel. Introduced in 2003, the XLS was designed to combine the performance and range of larger jets with the runway flexibility and operating efficiency of smaller models. The success of the XLS led to the next evolution, the Citation XLS+, in 2008, which added FADEC-controlled engines and further avionics upgrades.

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Jetcraft, the global leader in business aircraft sales, acquisitions and trades, is today announcing the launch of Jetcraft Special Missions, dedicated to sourcing and preparing pre-owned aircraft for defense, governmental, and special mission operators worldwide.

Jetcraft Special Missions builds on Jetcraft’s six decades of aircraft transaction expertise to support critical operations. Focused exclusively on special mission applications – including medevac, surveillance, aerial firefighting, military training, and Head of State transportation – Jetcraft Special Missions sources, inspects, and prepares the ideal aircraft platform, delivered as-is or in pre-modification condition to mission houses or government customers.

The new business is headed by CEO Stéphane Leroy, who joins Jetcraft with more than 35 years’ experience in aerospace and defense, gained at Thales and Bombardier, where he led complex aircraft sales programs and worked closely with government and special missions customers.

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Africa is a region where business aviation plays a unique and vital role. The sector bridges vast geographic distances, overcomes infrastructural gaps, and supports economic development in both established and emerging markets.

At Jetcraft, we continue to see consistent and growing regional demand. Driven by a combination of resource-led economies, expanding tourism, and new entrepreneurial wealth, Africa’s business aviation market is maturing with confidence and lasting momentum.

Tracking demand across Africa’s aviation hubs

Southern Africa continues to anchor the continent’s business aviation activity, with South Africa leading as an established and active market. In West Africa, Nigeria remains a core hub, joined by Ghana, where political and economic stability is helping unlock new opportunities.

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In business aviation, flexibility and time efficiency are everything. For buyers navigating shorter routes or accessing airports with limited commercial service, light jets offer an optimal blend of performance, luxury, and value.

These agile aircraft are purpose-built for short-haul routes, making them the ideal entry point into ownership or a strategic addition to a corporate fleet.

What defines a light jet and who is it designed for?

With seating for six to eight passengers and a typical range of 1,500 nautical miles, light jets are engineered for fast, focused travel. Cruising at 400 to 450 miles per hour, they’re tailored for regional missions that demand agility.

Their ability to access smaller, underserved airports unlocks routes commercial aviation can’t reach, enabling owners to travel on their own schedule and go exactly where business takes them.

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