LOOKING AHEAD

5-YEAR PRE-OWNED BUSINESS AVIATION MARKET FORECAST 2021 2025

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In the early days of the pandemic, few could have foreseen how quickly new users would realize the benefits of busine

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Jahid Fazal-Karim Owner and Chairman of the Board, Jetcraft

In the early days of the pandemic, few could have foreseen how quickly new users would realize the benefits of busine

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Jahid Fazal-Karim Owner and Chairman of the Board, Jetcraft

Our vision spans every aspect of the industry, with nearly 60 years of experience and thousands of transactions compl

THE Jetcraft Perspective

Our vision spans every aspect of the industry, with nearly 60 years of experience and thousands of transactions compl

TRADITIONAL BROKERS

Product Planning

Customer Supervision

Industry Intuition

THE Jetcraft Perspective

Export Consultants

Pre-buy Inspections

Regulatory Inspectors

Aircraft Maintenance Tracking

Schedulers & Dispatch

Aircraft Insurance

Power by the Hour Coverage

Purchase Agreements

Importing Aircraft

Aviation Authorities

Engine Trend Monitoring

Development Operations & Maintenance Support

Concierge Services

In-country Agents

Interior Designers

Completions Oversight

Aircraft Registration Representative

Aircraft Financing

Designated Airworthiness Representative

Aviation Director

EXECUTIVE SUMMARY

- Pre-owned transaction volume and value will maintain their current healthy growth rates, reaching 2,647 transacti

- With borders reopening, Midsize, and particularly Large Jets, with their higher price and greater range capabilit

- Despite the industry s high demand, we expect average market values to remain rational, growing marginally until

- With business aviation poised for a new growth phase, post-pandemic dynamics and opportunities from an increasing

- Slow recovery of commercial airline services, heightened health and safety concerns, and continuing expansion of

- Wealth and flying hours, two key drivers of aircraft purchases in Asia-Pacific and Europe, are expected to increa

12,261 pre-owned transactions representing 57 2B in revenue forecast over the next five years

*HNWI have a net worth over 1M USD **UHNWI have a net worth over 30M USD

EXECUTIVE SUMMARY

- Pre-owned transaction volume and value will maintain their current healthy growth rates, reaching 2,647 transacti

- With borders reopening, Midsize, and particularly Large Jets, with their higher price and greater range capabilit

- Despite the industry s high demand, we expect average market values to remain rational, growing marginally until

- With business aviation poised for a new growth phase, post-pandemic dynamics and opportunities from an increasing

- Slow recovery of commercial airline services, heightened health and safety concerns, and continuing expansion of

- Wealth and flying hours, two key drivers of aircraft purchases in Asia-Pacific and Europe, are expected to increa

12,261 pre-owned transactions representing 57 2B in revenue forecast over the next five years

*HNWI have a net worth over 1M USD **UHNWI have a net worth over 30M USD

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5-YEAR PRE-OWNED BUSINESS AVIATION MARKET FORECAST

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5-YEAR PRE-OWNED BUSINESS AVIATION MARKET FORECAST

PRE-OWNED TRANSACTION VOLUME

Midsize and Large aircraft segments are predicted to lead steady growth in overall volume Transaction volume is expe

PRE-OWNED TRANSACTION VOLUME

Midsize and Large aircraft segments are predicted to lead steady growth in overall volume Transaction volume is expe

Due to rounding, some totals may not correspond with the sum of the separate figures

PRE-OWNED TRANSACTION VALUE

Revenue growth will primarily be driven by the Large Jet category With their higher purchase prices, Large Jets are

PRE-OWNED TRANSACTION VALUE

Due to rounding, some totals may not correspond with the sum of the separate figures

Revenue growth will primarily be driven by the Large Jet category With their higher purchase prices, Large Jets are

AVERAGE PRE-OWNED TRANSACTION VALUE

Unlike during the 2004-08 bubble, values are predicted to remain rational Far from mere market exuberance, transacti

AVERAGE PRE-OWNED TRANSACTION VALUE

Average Transaction Value

CAGR 2021F-2024F 2%

CAGR 2004-2007 11%

Unlike during the 2004-08 bubble, values are predicted to remain rational Far from mere market exuberance, transacti

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KEY FACTORS AFFECTING THE FORECAST

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KEY FACTORS AFFECTING THE FORECAST

POST-PANDEMIC MARKET DYNAMICS

BUSINESS JET MOVEMENTS TO FROM WITHIN U S

Share of Large Jets

Number of Movements

Global buying power predicted to increase with rising number of wealthy individuals While business aviation customer

Pre-owned market to remain buoyant in light of OEM backlogs and greater volume discipline OEM backlogs are still hig

Business aviation activity, and most notably Large Jets, showing strong post-pandemic momentum With a significant gr

POST-PANDEMIC MARKET DYNAMICS

*The selected OEMs are Bombardier, Dassault, Embraer and Gulfstream 2021YTD are the estimated numbers as of 2021 Q3

Global buying power predicted to increase with rising number of wealthy individuals While business aviation customer

Pre-owned market to remain buoyant in light of OEM backlogs and greater volume discipline OEM backlogs are still hig

Number of new deliveries Average Backlog

AVERAGE BACKLOG OF BOOKED ORDERS (YEARS)

Number of New Deliveries

Business aviation activity, and most notably Large Jets, showing strong post-pandemic momentum With a significant gr

INCREASED SIGNIFICANTLY ( 10%)

INCREASED MARGINALLY ( 10%)

REMAINED UNCHANGED

DECREASED MARGINALLY ( 10%)

DECREASED SIGNIFICANTLY ( 10%)

HNWI - POPULATION HNWI - WEALTH

HNWI - POPULATION

40M

30M

20M

10M

HNWI - WEALTH

100T

90T

80T

70T

60T

50T

2015

2016

2017

2018

2019

2020

2025F

2015-2020 CAGR: 6 3%

2020-2025F CAGR: 7 0%

CHARTER ON DEMAND 47%

UNTAPPED MARKET OPPORTUNITIES

Source: Wealth X and Barton

UHNWI NOT using private aviation solutions UHNWI USING PRIVATE AVIATION SOLUTIONS OTHER THAN OWNERSHIP AS A PRI

SHARE OF AIRCRAFT OWNERS* AMONG UHNWI

North america ASIA-PACIFIC EUROPE MIDDLE EAST & AFRICA Latin America

UHNWI USING PRIVATE AVIATION SOLUTIONS

UHNWI POPULATION AND AIRCRAFT OWNERS PER REGION

UHNWI BUSINESS AVIATION SOLUTION BREAKDOWN

Drivers to Ownership per Region

Regional discrepancies and drivers underscore varying levels of maturity and ownership opportunity A distinct opport

LEVEL OF CONTROL

The UHNWI population remains a largely untapped market Just 12% of the world's UHNWI currently rely on business avia

UNTAPPED MARKET OPPORTUNITIES

*UHNWI owning a jet as their main business aviation solution Source: Wealth X and Barton

SHARE OF AIRCRAFT OWNERS

UHNWI POPULATION

North America Asia-Pacific Europe Middle East & Africa Latin America

UHNWI NOT using private aviation solutions UHNWI USING PRIVATE AVIATION SOLUTIONS OTHER THAN OWNERSHIP AS A PRI

SHARE OF AIRCRAFT OWNERS* AMONG UHNWI

North america ASIA-PACIFIC EUROPE MIDDLE EAST & AFRICA Latin America

UHNWI USING PRIVATE AVIATION SOLUTIONS

UHNWI POPULATION AND AIRCRAFT OWNERS PER REGION

UHNWI BUSINESS AVIATION SOLUTION BREAKDOWN

Drivers to Ownership per Region

Regional discrepancies and drivers underscore varying levels of maturity and ownership opportunity A distinct opport

SOCIAL EXPECTATION

The UHNWI population remains a largely untapped market Just 12% of the world's UHNWI currently rely on business avia

Growth Line -p23

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AIRCRAFT COVERED BY THE FORECAST

SAFE HARBOUR STATEMENT

LIGHT Beechcraft Hawker 800XP Series Beechcraft Hawker 900XP Series Beechcraft Premier Series Bombardier Learjet Seri

Large Bombardier Global 5000 5500 Series Bombardier Global 6000 6500 Series Bombardier Global 7500 Series Bombardier

- AircraftPost - Amstat Premier & StatPak - Barton Consulting - Capgemini - FAA - GAMA - Jetcraft Transaction

No representation, guarantee or warranty is given as to the accuracy, completeness or likelihood of achievement or re

Annual Industry OutlooK

AIRCRAFT COVERED BY THE FORECAST

SAFE HARBOUR STATEMENT

LIGHT Beechcraft Hawker 800XP Series Beechcraft Hawker 900XP Series Beechcraft Premier Series Bombardier Learjet Seri

Large Bombardier Global 5000 5500 Series Bombardier Global 6000 6500 Series Bombardier Global 7500 Series Bombardier

- AircraftPost - Amstat Premier & StatPak - Barton Consulting - Capgemini - FAA - GAMA - Jetcraft Transaction

No representation, guarantee or warranty is given as to the accuracy, completeness or likelihood of achievement or re

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