With 2021 coming to a close, the Jetcraft team wishes all of you a happy, healthy and prosperous holiday and new year. We want to thank all of our industry colleagues, customers, and friends who we were able to work with in 2021.
December 16, 2021
Jetcraft Commercial secures the acquisition and placement of HOP!’s fleet of ERJ145 aircraft
Jetcraft Commercial Limited, the commercial aircraft division of Jetcraft, has secured the complex acquisition and placement of 10 Embraer ERJ145 jets from HOP!, the regional arm of Air France.
Seven jets have been placed with operators and aircraft lessors across various locations, including Nigeria, Eswatini, South Africa and the United Kingdom. Following these transactions, several ERJ145s have since entered into service with airlines in Africa and Europe. The final three aircraft are all committed and due to be delivered imminently.
December 1, 2021
Jetcraft releases 5-Year Pre-Owned Market Forecast exploring new era for business aviation
Video: Today Jetcraft President Chad Anderson premiered the Market Forecast on YouTube where he talked through what we predict for pre-owned aircraft transaction volume and value.
12,261 pre-owned transactions representing $57.2B in revenue forecast over the next five years
Jetcraft, the world leader in business jet sales and acquisitions, is releasing its 5-Year Pre-Owned Business Aviation Market Forecast, introducing an enhanced data-driven methodology recognizing potential market opportunities and incorporating a greater number of global trends.
Jetcraft’s 2021 Market Forecast predicts pre-owned aircraft transaction volume and value will maintain their current healthy growth rates, reaching 2,647 transactions valued at $12.4B annually by 2025.
Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “Since the pandemic, the true benefits of business aviation have been realized, particularly by new entrants who have had the means to fly privately but never previously the inclination, and we have seen our industry thrive.
By Todd Spangler, Americas Sales Director, Jetcraft
With so many options out there, finding the right private jet for your needs can at first seem a daunting task. However, when armed with expert advice and the answers to several key questions, you can quickly narrow the field.
Most importantly, consider what types of mission you wish to fly. Will you be flying domestically, internationally or across the world? How many passengers will be traveling with you? Will you only be visiting major cities, or will you need to land at remote airfields?
Apply your answers to the six basic industry categories of business jet and you could soon be buying your first (or next) aircraft:
Product Overview
A derivative of the Learjet 60, the Learjet 60XR is a mid-size medium-range business jet and is the largest of the Learjet family. It incorporates new fuel-efficient engines, a wider, stretched fuselage, a glass cockpit, and a steer-by-wire nose wheel. Thrust reversers and single-point refueling are also standard equipment along with an updated interior including a full galley, together with an aft toilet.
As of August 2021, 86% of all Learjet 60XR were purchased pre-owned by their current owners, the other 14% new. 5.4% are for sale with the majority of those (83%) under an exclusive broker agreement. When for sale the average time on the market is 120 days.
Brief History
The original Learjet 60 was announced in October 1990 as the replacement for the mid-size Model 55C, from which it is derived. Production of the Learjet 60 ended in 2007 after 316 aircraft had been built. The Learjet 60XR was launched in 2005 with its first flight in 2006 and first delivered in 2007. Production ended in 2013 with a total of 114 Learjet 60XR aircraft manufactured. 3 have been retired.
Worldwide Appeal
There are 111 Learjet 60XR aircraft in operation today, all of which are wholly owned. 2.7% are currently leased. North America has the largest percentage of wholly owned Learjet 60XR aircraft (67%), followed by Asia (12%) and South America (12%).
Jack Lau, Sales Engineer, Jetcraft
Location: Hong Kong
How long have you been at Jetcraft?
I have been with Jetcraft since March 2018, so it has been over 3 and half years now.
What are your responsibilities within the global Jetcraft team?
I primarily support David Dixon and Joanna Kwong as their Sales Engineer in our Hong Kong office by generating specs, aircraft valuation analysis, coordinating with the marketing team, viewing aircraft, reviewing records, or creating thoughtful presentations for them to use. I do all we can to support my Sales Directors in helping them complete more transactions.
Describe a typical day or week in your role.
There is no typical day or week! Some days I am in my office replying to e-mails, valuing aircraft, or generating specs. Some days I am hopping from hangar to hangar reviewing aircraft conditions, reviewing records, and tracking PPIs.
What do you love most about your job?
I really enjoy the different challenges daily. No task is the same, no day is the same, no aircraft is the same, and no client is the same.
November 12, 2021
Premiering this December: Jetcraft’s 5-Year Pre-Owned Market Forecast
This December, Jetcraft will premier its annual Market Forecast, delivering a unique look at the pre-owned business jet market and the positive outlook for the industry through 2025.
With a new technique to fuel our data-driven approach, Jetcraft’s 2021 forecast will share predictions on total transaction volume and value, accompanied by detailed insight into changing market dynamics.
The report is set to answer key questions, including:
- How does business aviation capitalize on its post-pandemic boom?
- Will the industry maintain strong momentum into 2022 and beyond?
As the global leader in business aircraft sales, acquisitions and trades, Jetcraft evaluates past transactional data and customer insights to provide its annual analysis on the pre-owned market. The report offers a unique assessment of buyer behavior to determine business jet transaction value and volume during the next five years.
Product Overview
The Boeing BBJ (Business Jet) is an ultra-long-range twin-turbofan jet based on the Boeing 737 passenger jet, using the fuselage of the 737-700 with the strengthened wings and landing gear of the larger 737-800. The Boeing BBJ is also known as a Boeing model 737-700IGW (Increased Gross Weight).
As of August 2021, 54% of all Boeing BBJ aircraft were purchased pre-owned by their current owners, the other 46% new. 6.2% are for sale with the majority of those (87.5%) under an exclusive broker agreement. When for sale the average time on the market is 254 days.
Brief History
The Boeing BBJ began production in 1997 and continues to be manufactured today. The BBJ first flight was in September 1998 with the first delivery in October 1998. During that time, a total of 132 aircraft have been produced with two retired.
Worldwide Appeal
There are 130 Boeing BBJ aircraft in operation today, all of those are wholly owned. 5.4% are currently leased. North America has the largest percentage of wholly owned Boeing BBJ aircraft (36%), followed by Asia (34%), and Europe (21%).
Marc Meloche, Managing Director of Aviation Finance, Jetcraft Commercial Division
Location: Montreal, Canada
How long have you been at Jetcraft?
I joined Jetcraft, as Managing Director, Aviation Finance in November 2018, following a career in aviation finance with Bombardier Aerospace overseeing both business and commercial aircraft.
What are your responsibilities within the global Jetcraft team?
My responsibilities are to identify and secure financing in support of our aircraft activities, including warehouse financing to maximize trading and leasing opportunities. In addition, I look to ensure that the operators have secured adequate financial support.
While the focus is for our commercial aircraft growth, I can also rely on my banking relationships to facilitate the business aircraft side, when required.