Transaction Supports Expansion of Lessor’s Growing South African Customer Base

ACIA Aero Leasing (“ACIA”), a leading provider of regional aircraft leasing and lease management services, today announced the purchase of two Embraer ERJ145 aircraft from Jetcraft Commercial (“Jetcraft”), the commercial aircraft division of a global leader in jet sales and acquisitions, Jetcraft.

The aircraft covered under the sale transaction, structured by Jetcraft and sourced from HOP! Air France, will be ferried over to Johannesburg, South Africa and Toulouse, France for pre-delivery maintenance work before entering into service with ACIA’s existing airline customers.

“It’s been a pleasure working with the Jetcraft and HOP! Air France teams on executing this aircraft acquisition,” commented ACIA Aero Leasing Chief Executive Officer Mick Mooney, adding that the transaction is part of continued efforts to strengthen ACIA’s already significant footprint in South Africa. “We ...

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Product Overview

The Hawker 800XPI features an added Rockwell Collins’ Pro Line 21 avionics suite with Integrated Flight Information System (IFIS), and a new interior and cabin management system, thus distinguishing it from the Hawker 800XP model, and providing operators more reliable communication and navigation capabilities with less instrument weight and volume.

The 800XPI is almost identical to the Hawker 850XP, both equipped with the same redesigned interior and upgraded avionics, but the XPI does not come with Hawker winglets. Because of their similarities the Hawker 800XPI is often mistaken for a Hawker 850XP.

As of December 2020, 86% of all Hawker 800XPI aircraft were purchased pre-owned by their current owners, the other 14% new. 9.8% are for sale with less than half (40%) under an exclusive broker agreement.  When for sale the average time on the market is 221 days.

Brief History

The Hawker 800XP is a derivative from the design of the UK-built de Havilland/Hawker Siddely, and British Aerospace 125 that was first built in 1962. The HS.125 evolved into the Series 400 through 800 and was produced until 1993 when Raytheon purchased the Series 800 program and the aircraft was renamed the Hawker 800. Production of the Hawker 800XPI ended in 2007 after a total of 51 deliveries.

Worldwide Appeal

There are 51 Hawker 800XPI in operation today. The majority of these (49) are wholly owned with 2 in fractional ownership. 7.8% are currently leased. North America has the largest percentage of wholly owned Hawker 800XPI aircraft (69%), followed by Europe (12%) and Asia (10%).

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Video: Jetcraft Asia President David Dixon offers further commentary on the case for business aviation today.

By Victoria Barrow, Vice President Sales, Jetcraft

In the last year we’ve seen roughly double the number of first-time buyers of pre-owned aircraft than in previous years at Jetcraft, which is a tremendously positive indicator for the future growth of our industry. While the Covid-19 pandemic has undoubtedly played its part in steering these new entrants towards the benefits of business aviation, many of the industry’s more traditional values still ring true. In 2021, corporates and individuals are building their case for private jet travel around the following factors.

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By Dan Kilkeary, former SVP Sales Americas, Jetcraft

As we reach the end of the first quarter of 2021, we’re seeing the business aviation industry gain increasing momentum, so much so, that our sector is seeking additional inventory to keep up with the number of buyers ready to make offers.

According to recent data published by WingX, the US is witnessing rapid recovery in flight hour activity, with Florida becoming the hub for business jet movements in the United States at 15% growth year-on-year. The recent lifting of Covid-19 travel restrictions by several US states is also expected to play out through rising flight hours and ownership inquiries, particularly from first-time buyers.

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Ganesh Vedarattiname, Manager of Strategic Initiatives
Location: London, United Kingdom

How long have you been at Jetcraft?

I have been with Jetcraft since August 2019. Prior to that, I was a summer intern in 2016.

What are your responsibilities within the global Jetcraft team?

I support the management team on various strategic projects, ranging from transaction analysis to corporate development. I also help the sales team on streamlining sales engineering tasks and improving sales processes.

Describe a typical day or week in your role.

I start the day checking on my emails and supporting potential urgent requests from the management, marketing, or sales team. Then I focus on longer term initiatives like building strategic presentations, pushing company digitalization, or exploring growth opportunities. My work involves a lot of data collection and modeling, but I also regularly liaise with internal as well as external stakeholders to drive projects forward.

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Product Overview

The Bombardier Learjet 75 is the newest derivative of the popular Learjet 45XR. Compared to the Learjet 45XR, the Learjet 75 has improved avionics, redesigned winglets yielding better fuel efficiency, and upgraded engines.

As of December 2020, 23% of Learjet 75 aircraft were purchased pre-owned by their current owners, the other 77% new. 3.5% are for sale with all of those under an exclusive broker agreement. When for sale the average time on the market is 263 days.

Brief History

Bombardier received FAA certification for the Learjet 75 on November 14, 2013 and deliveries began shortly thereafter. The 100^th Learjet 75 was delivered in June 2017. The Learjet 75 Liberty is a  lower cost version of the Learjet 75 model and was first delivered in October 2020. A total of 142 Learjet 75 aircraft have been built with 141 in operation and 1 at the manufacturer.

Worldwide Appeal

There are 141 Learjet 75 aircraft in operation today. The majority of these (132) are wholly owned with 1 in shared ownership and 8 in fractional ownership. 7.8% are currently leased. North America has the largest percentage of wholly owned Learjet 75 aircraft (83%), followed by Europe (11%) and South America (4%).

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Jetcraft is announcing a strategic relationship with Synerjet, a Latin American business aviation specialist, further strengthening the company’s footprint in the Americas.

The aircraft sales division of Synerjet will operate as an official Jetcraft authorized representative in the South America region, enabling Jetcraft to increase its offering to its clients looking to buy, sell or trade in, with local support from Synerjet’s experienced executives. Synerjet joins Jetcraft alongside its existing relationship with Aerolineas Ejecutivas, which has served as an authorised representative in Mexico and Central America for the last three years.

Todd Spangler, Americas Sales Director at Jetcraft says: “In South America, buyers need agile and customized solutions, tailored to their needs. By collaborating with Synerjet, our customers benefit from access to in-depth, regional expertise to help them with their aircraft sales and acquisitions. Together, our companies have over 80 ...

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Jetcraft is celebrating the completion of the world’s first transaction of a pre-owned Embraer Praetor 600.

The sale of the super-midsize jet completes a landmark triple crown for Jetcraft, after the company facilitated transactions for the first pre-owned Gulfstream G500, and one of the first pre-owned Bombardier Global 7500s not long after certification.

Chad Anderson, President at Jetcraft, says: “The Praetor 600 is one of the world’s newest, and most disruptive private jets, capable of flying further than any other super-midsize with non-stop travel between London to New York, or Oslo to Dubai.

“As we continue to see fresh innovations from OEMs, we’re witnessing a step-change in ownership patterns. Some buyers are seeking to quickly upgrade their aircraft to the latest model, meaning a pre-owned jet can now be available a year or two after its original certification.”

The Praetor 600 transaction builds upon positive momentum for the company. Jetcraft’s 20...

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Adrian Parcell-Jones, Tax Director, Martyn Fiddler Aviation

How long have you been at your current organization?

I have worked at Martyn Fiddler Aviation for over six years.

What are your responsibilities within your organization?

I am responsible for overseeing our tax advisory service – making sure that the tax advice we provide to our clients is up-to-date and relevant as well as overseeing the integrity of our in-house products and services.

Describe a typical day or week in your role.

With lockdown in place for much of last year in the UK my days do follow a routine.  I normally start with a run around my local park before settling down in my home office (my kitchen!) to catch up with overnight e-mails from the US and other countries, before catching up with the tax team and starting work on advice requested by our clients.  After that, the work is very varied. Lately I have been involved with developing and presenting webinars, but there are often client meetings by video, or work on tax changes and more recently the challenges of understanding the impact of Brexit and the UK’s departure from the EU.

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