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Industry Insights

October 11, 2021  ·  Danie Joubert

Business aviation – the Africa market

Business aviation – the Africa market

By Danie Joubert, Vice President Sales - Africa

Interest in business jets has soared across Africa in the past 18 months. Whether responding to limited and declining airline options or pursuing the undoubted health and safety benefits of private jet travel compared to commercial flights, the business case for private aviation has gained in strength. At Jetcraft, we’re now receiving three times as many enquiries from potential new aircraft owners in Africa than before the pandemic.

Increasingly, many companies are today expanding with new business units across more countries in Africa. As a result, air travel and aircraft to suit remain essential. Demand for business jet ownership is rising dramatically across the continent, as seen in countries such as Angola, Uganda and Ghana. In Kenya, which already has a strong installed base of short-range private aircraft used for tourism, we’re seeing growing interest in larger jets for longer missions. Established markets such as Niger...

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News

October 4, 2021

Jetcraft expands presence in Asia with new Singapore office

Jetcraft expands presence in Asia with new Singapore office

Jetcraft is announcing the opening of an office in Singapore to support growth in Southeast Asia and across the region.

The office will be led by Tim Yue, who is currently Hong Kong-based and has over a decade of experience in business aviation. Tim will work closely with Jetcraft Asia President David Dixon, who will be overseeing all activities in the region.

David Dixon says: “Asia remains a crucial market for Jetcraft so expanding our footprint into Singapore is a logical step, providing further proof of our long-term commitment to serving our global client base and unrivalled market access.

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Aircraft Overviews

September 28, 2021

Bombardier Challenger 605 Overview (2006 – 2015)

Bombardier Challenger 605 Overview (2006 – 2015)

Product Overview

The Challenger 605 is a derivative of the Challenger 604. Improvements over the 604 design include larger and higher-positioned cabin windows and a new rounded tailcone. Cockpit instrumentation was also updated with Rockwell Collins Pro Line 21 suite and Electronic Flight Bag capability.

As of August 2021, 68% of all Challenger 605 aircraft were purchased pre-owned by their current owners, the other 32% new. 4.9% are for sale with the majority of those (79%) under an exclusive broker agreement. When for sale the average time on the market 261 days.

Brief History

Bombardier introduced its Challenger 604 model in 1995 as a major upgrade on the Challenger 601 design. Ten years later the Challenger 605 was introduced as the next model in the Challenger series, with its first flight in January 2006. The 200th Challenger 605 entered service in October 2012 and the last was delivered in 2015. A total of 288 Challenger 605 aircraft were manufactured with one retired.

Worldwide Appeal

There are 287 Challenger 605 aircraft in operation today. The majority of those (280) are wholly owned with 5 in shared ownership and 2 in fractional ownership. 8% are currently leased. North America has the largest percentage of wholly owned Challenger 605 aircraft (60%), followed Asia (19%), and Europe (14%).

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People of the Industry

September 20, 2021

Q&A with Samantha Parkhouse

Q&A with Samantha Parkhouse

Samantha Parkhouse, Marketing Manager
Location: London, United Kingdom

How long have you been at Jetcraft?

I joined the Jetcraft team in May 2021, so it has been 4 months.

What are your responsibilities within the global Jetcraft team?

As the Marketing Manager for Europe, Middle East & Africa (EMEA), I support the Sales Teams in those regions by developing an integrated marketing plan including events, partnerships and sponsorships, public relations, advertising, and marketing communications.

Describe a typical day or week in your role.

Every region has different initiatives therefore my role can be very varied day to day, from organising our presence at the Monaco Yacht Show, to coordinating our print advertising campaigns running in Africa, to managing our partnerships and sponsorships with high profile sportsmen such as an F1 driver. I am based in our London office, however, my role requires a fair bit of traveling, beginning with a trip to Monaco this month.

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News

September 1, 2021

Jetcraft bolsters Americas team

Jetcraft bolsters Americas team

Jetcraft continues to cement its global presence with the appointment of Michael McCafferty as Sales Director for the Americas, covering the Northeast US region.

McCafferty joins Jetcraft following a 15-year career in business aviation, with senior level sales positions at Guardian Jet and Flexjet. Supported by an experienced team of sales directors across North and South America, McCafferty takes over the former territory of Dan Kilkeary who has been promoted to Senior Vice President of Sales for the Americas.

Dan Kilkeary, SVP Sales Americas at Jetcraft, says: “Michael strongly complements our growing Americas team and will help us to continue delivering increased value to our clients in the Northeast US region. Over the past 18 months we’ve seen a surge in first-time users entering our industry through fractional and jet card platforms, and Michael’s experience in these sectors, in addition to sales and acquisitions, enables him to offer expert advice from the very star...

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Industry Insights

August 31, 2021  ·  Chad Anderson

The trade-in transaction

The trade-in transaction

By Chad Anderson, President, Jetcraft

In private aviation, the decision to upgrade or replace an aircraft has traditionally required an owner to sell their asset to fund their purchase, a process that often takes months and involves considerable downtime on the ground. Trade-in transactions, on the other hand, provide a swift, and seamless alternative, where the broker or dealer accepts a client’s current aircraft in exchange for another. With a trade, the owner simultaneously transitions into ownership of their new aircraft, eliminating the risk of holding and selling their asset and avoiding a costly crossover period.

Reducing transaction time and complexity

A trade-in transaction essentially combines two events – the aircraft sale and purchase. There is only one contract, and an aircraft owner will deal with one invested partner for the trade, rather than two disconnected parties with bilateral interests. Importantly, the pre-buy inspections will also occur at the same ...

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Aircraft Overviews

August 25, 2021

Gulfstream G450 Overview (2005-2018)

Gulfstream G450 Overview (2005-2018)

Product Overview

The Gulfstream G450 is a direct descendent of the Gulfstream G400/GIV-SP series. It comes with upgraded engines (Rolls-Royce Tay 611-8C) with FADEC, and redesigned thrust reverser, nacelle and pylon that, coupled with aerodynamic improvements, increase range and payload. It was designed using the G400 airframe with the G550 nose section grafted on, and the fuselage is 12 inches longer than the Gulfstream IV.

As of May 2021, 60% of all Gulfstream G450 aircraft were purchased pre-owned by their current owners, the other 40% new. 7.3% are for sale with the majority of those (92%) under an exclusive broker agreement. When for sale the average time on the market is 288 days.

Brief History

In 2001 Gulfstream began working on the Gulfstream G450 model, an improved version of the GIV-SP. Flight-testing of the Gulfstream G450 started in April 2003 and FAA certification was completed in August 2004. The Gulfstream G450 entered service in May 2005 and production ended in January 2018.

Worldwide Appeal

There are 354 Gulfstream G450 aircraft in operation today. The majority of those (323) are wholly owned with 8 in shared ownership and 23 in fractional ownership. 12% are currently leased. North America has the largest percentage of wholly owned Gulfstream G450 aircraft (67%), followed by Asia (23%) and Europe (7%).

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People of the Industry

August 6, 2021

Q&A with Peter Windsor – Clarksport Ltd.

Q&A with Peter Windsor – Clarksport Ltd.

Peter Windsor, Clarksport Ltd

How long have you been at your current organization?

Well, I’ve been working in F1 since 1972, so I guess you can trace my company back to that point.  Clarksport Ltd was actually formed and owned by Jim Clark, the brilliant Scot who won two F1 World Championships.  I met Jim a couple of times before he sadly passed away in 1968 so when it was time to set up my own company, in 1999, I looked around for Clarksport Ltd.  Amazingly, it was sitting there on a shelf, awaiting a new owner.  As it happens, I also own one of Jim’s road cars – a yellow Lotus Elan S3 coupe.

What are your responsibilities within your organization?

I work in F1 media mainly as a racing journalist. I have a YouTube Channel and also a big new F1 project that has to remain a secret right now. I attend F1 races and other events when I can and produce content analyzing the races and the drivers. At present, in the Covid era, obviously I’m spending less time on the road.  Either way, I always ensure that I’m in decent wifi/cell zones and usually have at least two computers and two cell phones with me: one computer for writing, one for video editing, a phone for general use and a phone for quick editing/recording. On top of that, I usually carry a Sony camera with me, plus a sound system. We also manage a couple of drivers and consult various companies in the F1 industry.

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Aircraft Overviews

July 20, 2021

Dassault Falcon 900LX Overview (2010 to Present)

Dassault Falcon 900LX Overview (2010 to Present)

Product Overview

The large-cabin Falcon 900LX is the latest in the Falcon 900 series. This newest model offers an improved range and less fuel consumption than its predecessor, the Falcon 900EX. The addition of winglets designed by Aviation Partners reduces drag and thereby cuts fuel burn by 5% to 7% while also reducing time to climb as compared to the Falcon 900EX.

As of March 2021, 36% of the Falcon 900LX aircraft were purchased pre-owned by their current owners, the other 64% new. 6.2% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 175 days.

Brief History

The Falcon 900LX is the seventh Falcon 900 series model built and was introduced as a performance enhanced version of the Falcon 900EX. The model was originally announced at EBACE in May 2008 and received certification from the FAA and EASA in July 2010. The first Falcon 900LX was delivered in 2010 and the model is still being manufactured today. A total of 82 Falcon 900LX aircraft have been manufactured.

Worldwide Appeal

There are 81 Falcon 900LX aircraft in operation today, all of these are wholly owned. 10% are currently leased. North America has the largest percentage of wholly owned Falcon 900LX aircraft (68%), followed by Europe (25%).

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