April 29, 2011
Jahid Fazal-Karim, a stakeholder and board member of Jetcraft Corporation, has sold more than 1,500 aircraft in a 17-year career, averaging nearly 100 sales a year in transactions that circle the globe. On the eve of EBACE) he spoke from his office in Zurich with BCA Senior Editor George Larson about the state of the market.
Describing 2010 as a "pivotal year," Fazal-Karim says, "What I see mainly is a two-way market. At the higher end. Global, G550, I can see clearly that we are in recovery mode, with fewer good aircraft available on the market and prices going up, I wouldn't be surprised if asset values go up quite fast."
But the recovery so far is limited to the heavy jets, he says: "At the lower end; Lears, Cessna, Hawkers, frankly, the crisis is not over yet, and there are a lot of airplanes available." And in between? "Not great," he adds.
"On the actual market side, I can explain it. The higher end is selling because the emerging countries such as China and in Asia are ...