During the pandemic, business aviation became a hugely attractive option for those who had the means but had never previously flown privately. Many ultra-high net worth individuals (UHNWI) quickly recognized the health, safety, time and productivity benefits business aviation offers.

It’s encouraging to read that some 95% of new entrants are continuing to fly privately, according to a study featured in Aviation International News. To support the long-term success of our sector, we need to build on this momentum to ensure all users of business aviation continue to have an exceptional experience. Here’s how.

Providing value

Our industry must promote the benefits of business aviation, which unlocks opportunity and drives economic growth by maximizing efficiency and connectivity.

During the pandemic, the ability to travel without boarding packed planes and waiting in crowded terminals was self-evident. This also provides peace of mind today, on top of the additional convenience and connectivity offered, which is particularly valuable when airlines are still frequently delayed.

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Product overview

The DHC-6 Twin Otter® Classic 300-G™ isa Canadian STOL (Short Take-off and Landing) utility aircraft developed by De Havilland Canada.

The DHC-6 Twin Otter Classic 300-G offers a Garmin G1000® NXi flight deck which provides wireless cockpit connectivity, increased situational awareness and visual approach capability. With a completely redesigned modern cabin interior blending aesthetics and functionality, the cabin has been enhanced to improve passenger comfort and convenience.

The aircraft’s lightweight design not only enhances payload and range but also reduces operating costs. Additionally, its robust systems boast extended service life and longer intervals between overhauls, contributing to improve dispatch availability and increased flying time.

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Jetcraft became the first business aviation company to establish a permanent presence in the Metaverse when we built our Decentraland lounge in 2022. We unveiled our virtual hangar in 2023, providing a 24/7 immersive aircraft viewing experience that can be accessed via our website, lounge and Oculus headset.

Additionally, at the General Aviation Terminal in Nice Côte d’Azur Airport, business aviation users can now effortlessly enter our virtual space through an interactive Jetcraft display – which begins with the clouds parting to reveal our virtual hangar through the use of motion sensor technology.

Bringing the Metaverse and VR technology into our operations isn’t simply innovation for the sake of it. While it’s still early days, and how and when the internet will evolve is yet to be determined, we know that it’s crucial we join up our full Beyond the Globe experience to learn how to meet the requirements of business aviation’s changing customer base.

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To our Clients, Partners and Friends,

Over the past 60+ years, we’ve been fortunate to consistently expand our business, and in 2023 we saw many defining moments in Jetcraft’s story.

In April, we solidified our premier sector position, acquiring North American firm CFS Jets. Our collective team of more than 100 global advisors now bring over a century of combined experience and the most diverse product expertise in the industry. Last year we also teamed up with Bill Papariella as the exclusive trading partner to AeroVentures. We’re working together to foster long-term growth and share information, including Jetcraft’s market-leading data and analytics. And, in a first-of-its-kind collaboration, we joined forces with Jetquity, opening up their pioneering Residual Value Program to our client base.

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Product overview

The Embraer Lineage 1000 is an ultra-large executive jet known for its spacious cabin, capable of accommodating up to 19 passengers in various configurations, from lavish lounges to private bedrooms. It boasts long-range capabilities and advanced avionics, offering a comfortable and opulent travel experience for discerning passengers. The aircraft is equipped with modern technology, high-end amenities, and customizable interiors, making it a preferred choice for those seeking premium air travel.

The advanced engineering and sound insulation techniques used contribute to a quieter flight experience for passengers and reduced noise impact on the surrounding environment.

Brief history

The Embraer Lineage 1000 is a variant of the Embraer E190 regional jet, which was launched in 2006. It was specifically developed to cater to the ultra-large executive jet market. Embraer began production of the Lineage 1000 in 2008, and the first aircraft was delivered in May 2009. The Lineage 1000 features include a modified fuselage, extended range, and a luxurious interior suitable for VIP and executive travel. Production of this model was later stopped in 2013. The aircraft was upgraded to the Lineage 1000E model and was later discontinued in 2019.

Worldwide appeal

A total of 14 Lineage 1000E aircraft were produced by Embraer with the majority of those still in operation today. 7.1% of those are for sale. North America has the largest percentage of wholly owned Lineage 1000 aircraft with 43%, followed by Western Europe with 29%. Hamburg owns the largest fleet of Lineage 1000E aircraft with 8 jets.

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The International Air Transport Association (IATA) has announced that 2023 exceeded initial profit expectations, and the outlook for 2024 is even more promising with projections indicating a record $964bn revenue for the airline industry in the coming year.

In fact, 2023 was a near-historic year with a surge in aircraft purchases, including during the Dubai Airshow with Emirates ordering 95 Boeing and 15 Airbus planes, Air Baltic firming 30 additional A220-300s and Turkish Airlines signing a momentous deal for 220 Airbus aircraft in December. As reported in November, these deals are part of a record -breaking 2,370 aircraft orders placed with the two manufacturers in 2023.

As this year’s activity shows, there is industry-wide confidence in the future, with travel now back to pre-pandemic levels. This trend is likely to continue, even if demand might dampen slightly in response to a recession forecast in the US in the first half of 2024.

While the confidence on display is good ne...

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Jetcraft Commercial, the commercial division of the global aircraft trading firm Jetcraft®, has closed a credit facility to support the company’s strategic growth strategy as it works with airlines across the globe to optimize their fleets.

Provided by Pan-African banking firm Absa Group Limited, the new credit facility will ensure Jetcraft Commercial builds upon its strong track record in facilitating multi-layered, complex transactions with airlines worldwide.

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With younger entrepreneurs in the technology and financial sectors now wielding significant purchasing power, we’ve seen that the number of Jetcraft buyers under 45 years old has risen by 20% in the last five years. Additionally, our 2023 Pre-Owned Business Jet Market Forecast also found these younger buyers fly their aircraft 19% more on average than those aged over 50.  

It’s no surprise either that new research from Bain & Co shows that millennials and Generation Z are increasingly driving the ultra-luxury sector, accounting for all of the luxury market’s growth last year.  

Connecting with our audience is how we’re successful. We know our customers. And our regional presence gives us a cultural understanding that many other aircraft specialists can’t match. This insight also applies to the different generations that now make up our customer base. 

So how do you engage with the next generation when it comes to selling luxury assets? 

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At Jetcraft Commercial, we have decades of experience in commercial aircraft transactions. Over the years, we’ve worked with every type of customer across the globe and have seen airlines succeed and fail.

The current landscape provides ample opportunity for this combination of success and failure. On the one hand, commercial aviation has been forced to contend with significant headwinds over the last few years and the post-Covid recovery remains underway. On the other, in adversity there is opportunity, which is why we’ve seen many new carriers enter the market, including Norse Atlantic Airlines, Canada Jetlines, and Bonza in the past year alone, as well as existing smaller operators such as Provincial Airlines in Canada rapidly expanding to replace legacy carriers who have exited markets.

While the prospects for start-up airlines can be exciting, our experience indicates there are several key considerations that will prove key to success.

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