News

On 20 February 2018, Jetcraft Chairman Jahid Fazal-Karim spoke with Francine Lacqua on Bloomberg Surveillance. Below is a transcript of the interview.

Host intro:

Have you ever fancied owning your own private jet? Now might be the time to buy with the global economy picking up. Broker Jetcraft says supply is back to pre-recession levels and the U.S. tax cuts are also set to benefit buyers worldwide. Joining us now is co-owner of Jetcraft. He is Jahid Fazal-Karim and his company is the worlds biggest international buyer and seller of business aircraft. Over the last 10 years it has facilitated more than 550 transactions worth $10 billion. It has also recently opened an office in London. Jahid, thank you so much for joining us.

Jahid: Thank you.

Host: So most, or 80%, of what you sell is second hand aircraft. What is the lifespan of alot of these aircraft?

Jahid: You can fly these airplanes for 20 years. So it really depends on what people want to do with their airplanes. ...

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January 29, 2018 (Raleigh, NC) – Jetcraft, the global leader in business aircraft sales and acquisitions, today announces the opening of its first London office through its new UK company, Jetcraft Global (UK) Limited.

The new London base cements Jetcraft’s commitment to the European region and demonstrates its confidence in the UK as a continuing hub of business opportunity.

Chad Anderson, President at Jetcraft, says: “The opening of our London office comes as Jetcraft celebrates another record year — with 93 transactions completed in 2017 – and rounds off a remarkable decade of more than 550 transactions exceeding $10bn in value. Our new London location creates even more ways for us to serve our clients and we are excited about the opportunities it presents.”

Jetcraft’s new office comes at a time of significant growth in resources for the company, with the appointment of four senior sales posts from within the team, including Sean O’Leary, who will take on the role of Sales Director based in the new London office. Additional promotions go to Pat Harvey, Sales Director, North Central United States and Canada; Chris Brenner, Senior Vice President of Sales, Americas; and Pascal Bachmann, Senior Vice President of Sales, EMEA.

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At the AsBAA Icons of Aviation Awards Charity Gala Dinner on November 10, Jetcraft Asia was bestowed the Best Aircraft Sales Broker award for 2017, making it an unbelievable three years in a row. Presented by the Asian Business Aviation Association (AsBAA), the annual awards are voted on by industry members.

“It is a great honor to receive the prestigious award from AsBAA with the recognition from members and our industry peers in the field of aircraft sales and acquisitions worldwide,” said Jetcraft Asia President, David Dixon. “We do not plan to rest on our laurels. We will continue to put our customers at the centre of everything we do and expand our worldwide coverage, which already has over 20 separate locations across the globe.   Thank you very much again for your confidence and continuous support.”

Header photo credit to Cherry Wong

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Jetcraft, the leader in business aircraft sales, marketing and ownership strategies, today announced a strategic partnership with Aerolineas Ejecutivas, further expanding the company’s presence in Latin America. Through this partnership, the aircraft sales division of Aerolineas Ejecutivas, based in Toluca, Mexico, will now operate as a Jetcraft authorized representative in Mexico, Central America, the Caribbean and the latin market in Florida and Texas.

“Our partnership with Aerolineas Ejecutivas further strengthens Jetcraft’s position in the market,” said Jetcraft President Chad Anderson. “The worldwide reach of Jetcraft combined with the local on-the-ground expertise of Aerolineas Ejecutivas allows us to offer increased value to our latin american clients looking to buy, sell or trade their aircraft.”

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Ten-year projection points to new business cycle, improved absorption rates of pre-owned aircraft and predicts the trend for widebody aircraft will continue

October 4, 2017 (Raleigh, NC) – Jetcraft, the leader in business aircraft sales, marketing and ownership strategies, today released its third annual 10-year business aviation market forecast. The global business aviation installed base of just more than 21,000 aircraft will surpass the 28,000 unit mark (net retirements) in 2026, growing 33% during the forecast period.

Jetcraft’s 2017 forecast calls for 8,349 unit deliveries representing $252 billion in revenues (based on 2017 pricing) to be realized by 2026. North America will again lead the way with 62% (5,176 units) marketshare of unit deliveries, followed by Europe with 17% and Asia with 12% (1,420 units and 1,002 units, respectively).

“Pinpointing the transition into a new business cycle is challenging,” said Jetcraft’s Chairman Jahid Fazal-Karim. “Our forecast indicates we are finally exiting the post-2008 recession period, entering several years of steadier, healthier growth and expanding revenues. This new business cycle should shape our industry for years to come.”

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Industry Veteran Danie Joubert to Represent Jetcraft in Africa; New Agreement Strategically Positions Jetcraft to Serve African Market and Global Clientele

Jetcraft, the global leader in business aircraft sales and acquisitions, today announced another milestone in its continued global expansion through the appointment of Danie Joubert as Vice President, Sales. Based in Johannesburg, Joubert will represent Jetcraft in Africa and be responsible for all sales activities in the region.

“We continue to see steady business aviation activity coming out of Africa. Our agreement with Danie will allow us to better serve not only our clients across the continent, but also strengthen our global presence and provide unprecedented access to an expanded inventory for our customers worldwide,” said Jetcraft’s President Chad Anderson.

Danie comes to Jetcraft from Absolute Aviation Group where he served as Chief Operating Officer since 2012. Prior to that, he held executive roles at Adonai Aviation Ltd and ExecuJet Aviation Group. He has extensive experience in business aviation that includes aircraft sales, acquisitions and trades, contracting, and deal management. Having previously served in the South African Public Service, Danie is also uniquely versed in government systems, processes and requirements.

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On 25 January 2017, Jetcraft Chairman Jahid Fazal-Karim spoke with Sally Bundock and Rachel Horne on BBC Business Live. Below is a transcript of the interview.

Host intro:

Now let’s get to the inside track on how the worlds top business leaders get a ride. We’re talking corporate jets and private planes. They can be the fastest way to get between back-to-back meetings in different countries.

The market is quite a tricky one as you can imagine. Jet inventory is rising as manufacturers churn out hundreds of these jets a year. And once it’s been bought, the value of a jet falls rapidly but aircraft broker Jetcraft says that the resale market is still strong with large ultra-long-range aircraft particularly popular among business jet buyers. These types of large cabin jets can link nearly any two points in the globe.

Now, let’s talk to a man that knows all about this, Jahid Fazal-Karim, who is the co-owner and Chairman of the Board at Jetcraft. Good morning and welcome to Business Live.

Jahid: Good morning.

Host: Now before we talk about your business and what it does right now, let’s talk about your story. You escaped civil war at a very young age, at the age of 8, in Madagascar. What happened next and where did you go?

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At the distinguished AsBAA Icons of Aviation Awards Charity Gala Dinner on November 6, 2016, Jetcraft Asia was awarded the Best Aircraft Brokerage for its second year in a row. Presented by the Asian Business Aviation Association (AsBAA), the annual awards are voted by industry members.

“This award is validation of our efforts to be the leading international buyer and seller of new and pre-owned aircraft to our clients, for whom we strive to always deliver comprehensive and forward-thinking solutions,” said Jetcraft Asia President, David Dixon. “We are delighted to receive recognition from industry peers especially for the second time. Thank you very much for your confidence and continuous support!”

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28th October 2016. Raleigh, NC – Jetcraft today announced the appointment of Dan Kilkeary as Sales Director for the Northeast United States territory, effective immediately.  Dan joins Jetcraft from Dassault Falcon where he had served as the NJ/NY Metro Area Sales Manager since 2012.

In addition to Dan’s appointment to the industry leading Sales team at Jetcraft, Chris Hollingsworth has relocated from Europe to take on the South Central U.S territory. Chris, who has been with Jetcraft since 2009, will be based in Dallas, TX. The rest of the U.S. territory will continue to be covered by Chris Brenner (North Central U.S. & Canada), Marius Breitenbach (Western U.S.) and Victoria Barrow (Southeast U.S.).

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