Over the past decade, Jetcraft Commercial has established itself as a key player. Since its founding in 2015, the company has steadily refined its approach to commercial aircraft transactions, consistently delivering results for airlines and industry stakeholders.

Founded on a clear vision to specialize in regional, narrowbody and turboprop transactions, the company is now irreplaceable within the broader Jetcraft network. Reflecting on its early beginnings, President Raphael Haddad recalls the conversation that led to Jetcraft Commercial’s creation.

“I bumped into Jahid Fazal-Karim [Jetcraft’s Owner & Chairman of the Board] at a resort. We had a chat and agreed we would create another entity to handle the commercial side within the Jetcraft group of companies,” he explains. This focused approach laid the groundwork for the company’s measured growth and success, with an initial focus on aircraft and lease brokerage before shifting to aircraft trading.

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Jetcraft is announcing the promotion of Jennifer Jewett from Controller to Senior Vice President (SVP) of Finance, underscoring the company’s commitment to financial excellence and growth in the industry.

In her new role, Jewett will manage Jetcraft’s financial planning, reporting and risk management, ensuring the company remains commercially strong in a changing business environment. She will also lead the implementation of new financial and HR systems while mentoring the next generation of aviation finance professionals, with a focus on supporting women in the field.

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Product Overview

The Falcon 6X is a large-cabin, long-range business jet developed by Dassault Aviation. It was introduced as part of the Falcon family of jets, designed to offer a combination of luxury, performance, and advanced technology.

As of March 2025, all Falcon 6X aircraft were purchased new by their current owners. None are currently for sale nor for lease.

Brief History

The Falcon 6X was first unveiled in 2018 as a successor to the Falcon 5X, a project that was cancelled due to technical challenges with the aircraft’s engine. The Falcon 6X’s first flight was in 2021 and entered in service in 2023. The production started in 2020, 21 airplanes where build.

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Jetcraft Commercial, is announcing the delivery of two ATR 72-500s to FlyJaya, the Indonesian regional airline.  

The turboprops were first secured by Jetcraft Commercial from Cebu Pacific and have undergone comprehensive maintenance checks before being placed with FlyJaya. They will now play a key role in enhancing connectivity from Nusantara, the country’s new capital city. 

Raphael Haddad, President, Jetcraft Commercial, says: “This deal highlights Jetcraft Commercial’s ability to source and place aircraft to support growth in high-demand regions. The ATR 72-500’s optimized airframe and superior runway performance make it ideally suited to Indonesia’s diverse geography and FlyJaya’s short-haul market.” 

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Product Overview

The Citation Longitude is the largest Citation model to date. Its flat floor, stand-up cabin utilizes the same cross- section as the Citation Latitude but lengthened the cabin by 41 inches.

As of February 2025, 3.91% of Citation Longitude ownership comes from the pre-owned market, the other 96.01% from new. 2.34% of those are currently for sale, with 33.33% under an exclusive broker agreement. For those on the market, the average sale time is 70 days.

Brief History

The Citation Longitude was introduced in May 2012 at EBACE. The first flight was October 8, 2016. It offers the same clean sheet fuselage cross section as the smaller Citation Latitude but is much larger and features an all-new gently swept wing with winglets. The production started in 2018, 139 airplanes where build.

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Jetcraft delivers a five-year forecast of 11,202 pre-owned aircraft sales, totaling $73.9B in revenue 

A new generation is recognizing aircraft ownership as an essential business and travel tool, according to Ever Forward: The Pre-Owned Business Aviation Report . 

The report shows the share of Jetcraft buyers under 45 has nearly doubled in the last decade to a record 29% in 2024. Younger high-net-worth-individuals also lead pre-owned aircraft sales in emerging markets in the Middle East and Africa, fueling long-term industry growth. 

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, says: “It’s no longer rare to see Millennials or even Gen Z becoming ‘new tech’ billionaires, selling companies in their 20s or inheriting family investments younger as part of the ‘Great Wealth Transfer.’ 

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Jetcraft Commercial, is marking a successful year of growth after closing 17 transactions* in 2024.  

The news comes as the company finalizes its placement of 19 Dash 8-400 turboprops, first acquired from Horizon Air in 2023, and delivered to operators worldwide including Daallo Airlines, Conair Aerial Firefighting and Air Panama. 

Raphael Haddad, President, Jetcraft Commercial, says: “Our leading position in the Dash 8-400 market and expertise in efficiently structuring deals to meet client needs has driven significant strategic growth.   

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Mark Doev, Director – Asset Management, Jetcraft Commercial
Location Dublin, IE

Describe a typical day or week in your role.

A typical day for me really depends on the amount and the type of deals that we do. More often than not it involves, doing maintenance, reserve, cash flows creating, updating tech specs, reviewing LOIs and such.

Tell us what you enjoy most about your role.

What I enjoy most about my role is the variety, both in terms of the tasks that I perform and the aircraft types that I work with.

Describe what you are most proud of in your professional journey.

What I take pride in the most in my professional journey is how eager I am to learn new things. Every year I try to do as many courses as I can. I’ve done the Aircraft Law and Finance courses. I’ve done Type Certificate for Aircraft. I have done Maintenance Records courses. So, I’m always eager and willing to learn new things.

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In business aviation, a global mindset is key. Recently, Jetcraft supported a swift cross-border transaction across the Atlantic. With an aircraft in Switzerland and a buyer based in the United States, our team successfully arranged a viewing and overcame logistical issues to secure an offer in just 12 hours.

This is just one example of a ’cross-border transaction,’ the purchase or sale of an aircraft across international boundaries. While this may sound straightforward, there’s an intricate process behind it, requiring the knowledge and skill of matching supply with demand in a global marketplace.

Matching supply with demand

Cross-border transactions arise due to disparities in aircraft availability across different regions of the world. While interest in certain business jets may surge in one part of the globe, suitable options might be scarce in that region, compelling buyers to look beyond their local market. Doing so can be daunting however, and buyers may be reluctant to look foraircraft further afield, or simply unaware of the aircraft options available to them.

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