emily.synan

Jetcraft’s 10^th edition predicts 10,307 transactions totaling $70.7B in revenue

Business aircraft are spending less time for sale than ever before, according to the latest edition of the Pre-Owned Business Jet Market Forecast by Jetcraft.

The report shows that in 2022-2023, aircraft spent an average of 129 days on the market compared to 233 days in 2018-2019, driven by unprecedented post-pandemic demand. Furthermore, the data affirms that the industry is in a much-needed market correction period, with a dip in both volume and value in 2023. However, ongoing transaction volumes are similar to 2019 levels, while values remain higher than the pre-pandemic peak, with an expected 59% increase in total transaction value between 2019 and 2028.

Chad Anderson, Chief Executive Officer, Jetcraft says: “For the first time, we’re including an analysis of market dynamics in the Pre-Owned Business Jet Market Forecast. As our data shows, since 2022 the number of days an aircraft spends on the market has decreased by almost half – due to borders opening and international travel resuming, along with buyers making faster, more emotional purchase decisions due to increased demand. We expect transaction rates will settle at this new level, even with more inventory available, culminating in a total forecast revenue of $15.6B annually by 2028.”

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Jetcraft Commercial, the commercial division of the global aircraft trading firm Jetcraft®, has closed a credit facility to support the company’s strategic growth strategy as it works with airlines across the globe to optimize their fleets.

Provided by Pan-African banking firm Absa Group Limited, the new credit facility will ensure Jetcraft Commercial builds upon its strong track record in facilitating multi-layered, complex transactions with airlines worldwide.

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Jetcraft Asia has won the Asian Business Aviation Association’s (AsBAA) Best Aircraft Sales Broker award for a sixth consecutive year.

Presented during AsBAA’s Icons of Aviation 2023 gala dinner on Saturday 11th November, Jetcraft Asia’s president David Dixon accepted the award on behalf of everyone in the company, which Jetcraft first won in 2015.

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Today, at the Paris International Air Show, De Havilland Aircraft of Canada Limited (De Havilland Canada) and Jetcraft Commercial signed a Purchase Agreement for Jetcraft Commercial to acquire 10 new DHC-6 Twin Otter® Classic 300-G™ aircraft.

“We are proud to work with Jetcraft Commercial on a global leasing solution and welcome them to the DHC community as a launch customer for our newest aircraft, the DHC-6 Twin Otter Classic 300-G,” said Brian Chafe, Chief Executive Officer, De Havilland Canada. “With the same rugged airframe, the lighter weight DHC-6 Twin Otter Classic 300-G will deliver increased payload range and decreased operating costs for our customers. De Havilland Canada is once again driving the utility transport aircraft market forward.”

“We believe that the DHC-6 Twin Otter Classic 300-G represents the best in-class commuter aircraft solution,” said Raphael Haddad, President of Jetcraft Commercial. “This versatility enables the aircraft to ope...

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Jetcraft Commercial, the commercial division of Jetcraft, is announcing the delivery of two of three ATR72-600 aircraft sold to Uzbekistan Airports, acquired from Bangkok Airways.

Uzbekistan Airports will place the aircraft with its recently launched community airline, Silk Avia, which will deliver a passenger route network from the capital, Tashkent, to regions (hub-to-point) as well as serving domestic flights between regions (point-to-point).

Raphael Haddad, President, Jetcraft Commercial, says: “Regional turboprop aircraft types are well-suited to meet the needs of Uzbekistan Airports and SilkAvia due to their lighter structures, optimized speed and engines designed for short segments. These factors will ensure SilkAvia meets the growing demand for domestic travel and support Uzbekistan’s booming tourism sector. We have deep expertise in swiftly and efficiently structuring and closing complex transactions of numerous aircraft between multiple parties at Jetcraft Commercia...

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Jetcraft acquires CFS Jets; becomes largest international business aircraft specialist.

Jetcraft, the global leader in business aircraft sales, acquisitions and trading, has acquired Corporate Fleet Services (CFS Jets), a prominent business aviation firm specializing in the turboprop, light and midsize jet markets.

Peter Antonenko, President, Jetcraft, says: “For more than 60 years, Jetcraft has been setting the standard in business aircraft transactions, placing a sharp focus on super-midsize, large, and ultra long range jets. With the addition of CFS Jets, our product expertise is the most diverse in the industry, surpassing that of all other brokers and manufacturers, while bringing customers nearly a century of experience, more than 100 dedicated global advisors and the largest number of exclusive jet listings.”

Now “powered by Jetcraft”, CFS Jets is offering its client base greater access to the super-midsize and large jet categories. Both companies are continuin...

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Product Overview

The Falcon 2000S is a twin-engine French-made Business jet and is a slightly smaller development on the Falcon 900 trijet, with United States transcontinental coast to coast market range. The Falcon 2000S jet comes with fault monitoring and digital diagnostic systems, which help the mechanic in troubleshooting and repair work.

As of December 2022, 28% of the Falcon 2000S were purchased pre-owned by their current owners, the other 72% new. 2.1% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 120 days.

Brief History

In 1995, the Falcon 2000, a super mid-size business jet, entered service and is the first private jet that Dassault designed without a physical model. Its design was completely digital, created by Computer Aided Three-dimensional Interactive Application (CATIA) software. This software helped improve aerodynamic structure and simplified the airplane’s systems.

Falcon 2000S derivative was launched by Dassault in May 2011 at EBACE and received European Aviation Safety Agency (EASA) certification in March 2013 and Federal Aviation Administration (FAA) certification in April 2013.

Worldwide Appeal

There are 47 Falcon 2000S business jets in operation worldwide, all are wholly owned. 15% are currently leased. North America has the largest percentage or Falcon 2000S aircraft (60%), followed by Europe (23%), and Asia (11%).

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Jetcraft has appointed Gerald Hooper and Laurence Vidal to senior sales roles in the Americas. The executive hires position Jetcraft to meet customer demand throughout the continent and further expand the company’s on-the-ground market intelligence.

As Aircraft Sales Director, Hooper will lead Jetcraft’s business development in the US West Coast territories, including Northern California, Oregon, Washington and Idaho. Prior to joining Jetcraft, Hooper was Director of Aircraft Sales and Acquisitions at Executive Aircraft Services (EAS), working with corporate clients and aircraft worldwide.

Based in Brazil, Vidal joins Jetcraft as Sales Representative and will oversee the South American territories, including Chile, Argentina, Uruguay, Brazil, Bolivia and Paraguay.  Vidal has held positions at leading OEMs, including an eight-year tenure at Bombardier Aerospace where she formulated business strategies to drive market share in the Brazilian executive aviation market.

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Jetcraft Commercial has appointed Scott Symington as Vice President, Asset Management. The appointment strengthens the industry-leading asset management expertise within commercial, with Symington bringing more than 30 years’ experience to the role.

Raphael Haddad, President, Jetcraft Commercial, says: “Scott is a first-rate aviation professional and we’re looking forward to benefitting from his extensive experience, which includes driving commercial performance through the management of large, international teams at the highest level. We’re confident that Scott’s appointment will further underline Jetcraft Commercial’s status as the partner of choice when it comes to managing aircraft assets.”

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