News

Jetcraft was once again honored to receive the prestigious Best Aircraft Broker award at the Asian Business Aviation Association (AsBAA) Icons of Aviation Awards, held on Saturday November 9^th at Studio City in Macau.

This remarkable achievement marks Jetcraft Asia’s seventh consecutive win, reflecting its enduring commitment to excellence in business aviation.

Commenting on behalf of Jetcraft Asia, Executive Chairman David Dixon expressed his gratitude: “The Icons of Aviation Awards is a fantastic evening and a wonderful place to connect with our industry partners and friends across Asia. It is always an honor to be recognized by our industry associates and partners but especially so when this is the seventh year in succession.

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Jetcraft, is today announcing the appointment of Anna Gulbas as Sales Director, marking the final piece of its newly-structured EMEA sales team.

Gulbas will oversee the Italian, Scandinavian, Eastern European, and Baltic regions, bringing a wealth of industry knowledge and regional expertise to Jetcraft’s European clients. Prior to joining Jetcraft, Gulbas worked with leading European business aviation companies, developing a strong reputation for delivering tailored solutions to clients and driving growth in her regions.

Pascal Bachmann, SVP Sales, EMEA, says: “Europe continues to be critical for Jetcraft, with sustained demand for business aviation. Anna’s deep understanding of the market, combined with her dedication to exceptional client service reinforces our commitment to meeting the needs of this region. We’re confident our customers across Europe will benefit from enhanced insights and Jetcraft’s world-class service as we continue to expand our presence.”

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Jetcraft, is announcing the appointment of Chris Hollingsworth and Sean O’Leary as Regional Vice Presidents (RVPs) to spearhead its operations across the United States.

As two of Jetcraft’s top Sales Directors, Hollingsworth and O’Leary’s promotions recognize their excellence in structuring some of business aviation’s most complex, cross-border transactions, with the new strategic leadership positions enhancing the company’s offer of unparalleled service, complemented by on-the-ground market intelligence.

Dan Kilkeary, SVP Sales, Americas at Jetcraft, says: “Following years of confident organic and inorganic business expansion, these appointments are another piece in the intricate global Jetcraft puzzle, strategically designed to deliver excellence for our clients.

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Jetcraft Commercial, has named Fiona O’Malley as Vice President, Fleet Acquisitions. The appointment further reinforces the company’s industry-leading expertise, with O’Malley bringing more than 25 years’ experience in operations, leasing, sales and marketing to the role.

Raphael Haddad, President, Jetcraft Commercial, says: “Fiona is a powerhouse in the world of commercial aviation, with a career that spans the world’s largest lessors, and access to a global customer network.

“At Jetcraft Commercial, we have a proven record of carrying out large, strategic fleet acquisitions and turning these into global aircraft placements to fuel aviation opportunities. Fiona’s appointment enriches our approach and we’re confident she will be an asset to our team.”

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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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AXON Aviation Group (AXON) has selected Jetcraft to take on its business jet activity as it seeks to streamline its service offering. The company will transfer all business aircraft sales and acquisitions to Jetcraft ensuring a smooth handover period for clients.

Niki Rokni, Partner and Head of Aircraft Sales at AXON, says: “Jetcraft is the global leader in business jet transactions and is a natural fit to take on our respected clients. The AXON team will remain the same, now with additional focus on our commercial aircraft sales and leasing services.”

The handover follows many years of successful collaboration between AXON and Jetcraft in navigating complex transactions around the world. AXON, who specialize in exclusive, off-market listings, will continue to work hand in hand with each customer to provide a seamless transition.

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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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In a first-of-its-kind partnership, Jetquity has joined forces with Jetcraft, to offer its pioneering Residual Value Program to Jetcraft’s extensive client base. The “Protect Program” is designed to provide aircraft owners with a clear exit strategy by stipulating the exact exit price of their aircraft.

Asad Rahman, Jetquity’s CEO, expressed his enthusiasm about the collaboration, stating, “The Protect Program is about instilling confidence and clarity in aircraft ownership. By letting owners know their exit price, we’re revolutionizing the buying and selling process in the aviation world. As part of our objective to align with the most esteemed names in business aviation, we’re thrilled to partner with Jetcraft as the first aviation specialist to bring the Protect Program to its clientele.”

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, adds: “Today’s pre-owned jet marketplace is extremely complex, and at Jetcraft, we’re committed to harnessing innovative technology to benefit our clients. Through Jetquity’s Protect Program, we’re offering our customers the peace of mind that comes with knowing their aircraft’s future resale value, and when they are ready to sell their investment, access to Jetcraft’s market-leading intelligence and strategic financing solutions to support even the most complex of transactions.”

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