emily.synan

At the AsBAA Icons of Aviation Awards Charity Gala Dinner on November 10, 2018, Jetcraft Asia was awarded the Best Aircraft Sales Broker 2018 for an unprecedented fourth year in a row. Presented by the Asian Business Aviation Association (AsBAA), the annual awards are voted on by industry members.

"We would like to thank our industry peers and all members of AsBAA for their vote of confidence in Jetcraft for the past four years and beyond," said Jetcraft Asia President, David Dixon. "We will continue to work hard to meet and exceed your expectations and to stay focused on our core strengths – delivering the best in the business of aircraft sales, acquisitions and trading. I am personally humbled and honored by your support."

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Forbes.com, November 2018
Story by Bridget Arsenault

With more than 20 offices worldwide and 55 years of experience Jetcraft is one of the true leaders in private aviation. With new jet share companies disrupting the market – creating an Uber-like marketplace in the elite world of private travel, Jetcraft continues to offer its experience and expertise to that top percent looking to purchase a private plane. Having accrued unparalleled industry expertise and understanding of the varied global markets in which they operate, has made Jetcraft a leader in aircraft sales, acquisitions and trades. We spoke with the company’s current owner Jahid Fazal-Karim to understand the nuances behind what he does and how he’s built such a successful company.

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Product Overview

The Challenger 300 is a mid-size business jet offering long-range capabilities in a typical eight-passenger cabin and promising passenger comfort, performance, reliability, and good operating economics. In the 1990’s business jet manufacturers envisioned the super-midsize category and the Challenger 300 was Bombardiers response to that vision.

As of August 2018, 50% of the Challenger 300 aircraft were purchased pre-owned by their current owners, the other 50% new. 4.8% are for sale with the majority of those (82%) under an exclusive broker agreement. When for sale, the average time on the market is 149 days.

Brief History

The Challenger 300 was launched at the Paris Air Show on July 13, 1999, at which time it was called the Bombardier Continental. It was a clean sheet design assembled in Bombardier’s Learjet plant at Wichita Mid-Continent airport, Kansas. The jet was renamed in September 2002 after much debate about which category (Learjet, Challenger, or Global) the new aircraft fit into. FAA type certification was received in June 2003, with entry into service in January 2004. A total of 457 Challenger 300 aircraft were manufactured, 2 are retired and 1 is at the manufacturer.

Worldwide Appeal

There are 454 Challenger 300 aircraft in operation today. Most of these are wholly owned (412) with 9 in shared ownership and 33 in fractional ownership. 11% are currently leased. North America has the largest percentage of wholly owned Challenger 300 aircraft (84%), followed by Europe (8%). Flexjet has the largest fleet of Challenger 300 aircraft (32).

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Next 10 years predicted to outpace previous
decade on both units and revenues.

Jetcraft, the global leader in business aircraft sales and acquisitions, is today releasing its fourth annual 10-year business aviation market forecast.

The annual market forecast reaffirms that steady growth in the private jet industry is set to continue, with predictions of 8,736 unit deliveries over the next 10 years, representing $271bn in revenues (based on 2018 pricing). North America will once again take the lead, accounting for 60% (5,241) of predicted new unit deliveries over the forecast period, with Europe expecting 18% (1,572), and Asia-Pacific 13% (1,136).

Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “2018 has been a real turning point for business aviation, as we have now successfully navigated through our industry’s most difficult period. This year’s forecast predicts the continuation of our current business cycle of steady and healthy growth, driven by an increase in wealth creation and the demand for larger and more expensive aircraft.”

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The President of Jetcraft Australia and New Zealand, Mick Doohan, was recently featured in The Australian – Wish Magazine. Doohan spoke about aircraft in Australia, the business case for buying or hiring your own plane, and also how much fun they can be.

Wish Magazine, October 2018
Story by Stephen Corby, portrait bu Vanessa von Zitzewitz

You might think of private jets as the sleek, chic and salaciously expensive playthings of the über-mega-rich, but they’re actually much more than that. According to Mick Doohan – living legend of motorcycle racing, five-time world champion and these days the man you need to talk to in Australia if you want to buy, borrow or sell a personal aircraft – they are also something Dr Who would appreciate.

“It’s a time machine, basically,” Doohan says, chatting by phone from his Monaco home. “Really, what a private aircraft gives you is time: it’s the freedom to fly on your schedule and to save time with things like check-in, and the simple fact that you’re not waiting for the aircraft, the aircraft is waiting for you.

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Chris Strong, Senior Vice President, Conventions and Membership, NBAA

How long have you been at your current organization?

This is my 10^th year with NBAA

What are your responsibilities within your organization?

I work within a pretty wide swath of the NBAA team, including primary responsibility for our three large annual conventions, NBAA-BACE (held each year, currently in either Orlando or Las Vegas), EBACE (held annually in Geneva, Switzerland) and ABACE (held each year in Shanghai, China). Additionally, I am responsible for strategic direction for membership and member programs.

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Product Overview

The Global Express is a large cabin, ultra long-range business jet produced by Bombardier. It launched as 1 of 4 new aircraft models built to compete in the new ultra-long range large-cabin market. The Global Express shares the Canadair Regional Jets fuselage cross-section and features an advanced all new supercritical wing with a 35-degree sweep, winglets, and a new T-tail.

As of June 2018, 77% of the Global Express aircraft were purchased pre-owned by their current owners, the other 23% new. 9.5% are for sale with the majority of those (86%) under an exclusive broker agreement. When for sale, the average time on the market is 278 days. Over the past 12 months, the Global Express has averaged 2.3 full retail transactions per month.

Brief History

The Bombardier Global Express (BD-700) was first announced in October 1991 at the NBAA Annual Event as part of a new class of ultra long range large-cabin business jets being manufactured by Bombardier. It was designed to fly long distances at a high speed between any two points on the globe and to need only one refueling stop. The Global Express was officially launched on December 20, 1993 and its first flight was on October 13, 1996. In 1998 it received Canadian (July) and US (November) Certification with first customer deliveries in the first quarter of 1999. A total of 150 Global Express aircraft were manufactured with all but 2 still in operation.

Worldwide Appeal

There are 148 Global Express aircraft in operation today. Most of these are wholly owned (147) with 1 in shared ownership. 13.5% are currently leased. North America has the largest percentage of wholly owned Global Express aircraft (61%), followed by Europe (21%), and Asia (8%).

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Business aviation in Africa is a diverse and evolving market, and this year’s Africa Aerospace & Defence (AAD) exhibition is the ideal place to demonstrate its potential.

Nobody understands this better than Danie Joubert, Africa’s Vice President of Sales for Jetcraft. After two decades spent traveling the continent, Joubert’s market expertise is unsurpassed. Joubert embodies the local feel in a global network that makes up the company’s philosophy.

“Just one year since setting up a dedicated resource in South Africa, Jetcraft has brought global connectivity to the continent,” he says. “One example is how African aircraft sellers now have options on their doorstep, rather than needing to contact US or European brokers.”

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Product Overview

The Citation VI is a continuation of the Citation III model, which was designed for optimal speed and utilized lightweight composites and smooth surfaces to cut down on drag. It can climb quickly to flight level and can cruise at a speed of 469 knots.

As of June 2018, 94% of Citation VI aircraft were purchased pre-owned by their current owners, the other 6% new. 19.4% are for sale with more than half of those (71%) under an exclusive broker agreement. When for sale, the average time on the market is 441 days

Brief History

Designed as a more economical version of the Citation III, the new Citation VI model delivered lower operating costs plus good speed and range capabilities. It was equipped with a basic standardized avionics package and a generic cabin interior without the option of custom interiors. Unlike the digital autopilot of the Citation III, the Citation VI uses an analog version to cut cost and weight. The Citation VI was delivered in April 1991 and was discontinued in May 1995. A total of 38 Citation VI aircraft have been manufactured with 36 in operation worldwide.

Worldwide Appeal

There are 36 Citation VI aircraft in operation today. Most of these are wholly owned (34), with 2 in shared ownership. None are currently leased. North America has the largest percentage of wholly owned Citation VI aircraft (74%), followed by Europe (9%) and Asia (9%).

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