Global Jet Capital sees increasing need for finance
Global Jet Capital has seen a strong increase in enquiries to finance mid to heavy private jets, with enquiries during the third quarter of this year were 59% higher than the second quarter of 2016 and 240% higher than the same period last year.
Global Jet Capital estimates that as much as $17.5 billion of funding will be needed in 2017 for business jet deliveries. It estimates that around 27% of this will be raised by high net worth individuals, with the rest evenly split between private and publicly listed companies.
The company currently has $2.5 billion in assets under management and is revealing today that around 67% of this is through leasing via an operating lease and the remaining 33% is where it has provided funding to clients via loans and capital leases.
Shawn Vick, Executive Director and Chairman of Executive Committee, Global Jet Capital, said: “The majority of acquisitions of new and pre-owned jets use third-party capital to fully or partially fund the acquisition of the private aircraft they wish to use. We offer a range of tailored solutions and are seeing a growing interest across all of these.
“Combined, our management team has over 200 years of service to the private aircraft industry, and between us we have completed over 3,500 aircraft transactions. We have the expertise, financial strength and industry relationships to develop tailored and flexible financing solutions for our clients.”