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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To our Clients, Partners and Friends,

Last year, we celebrated our 60th anniversary – something we’ll always look back on with pride.

In 1962, our founder Charles “Bucky” Oliver acquired Raleigh Durham Aviation which later began trading as the Jetcraft you know. Since then, Jetcraft has grown extraordinarily, from a predominantly US-based organization to an expanding global corporation. Today, we operate more than 20 offices worldwide with a team of over 70 aviation experts across five continents, and have no intention of stopping there.

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Jetcraft has become carbon-neutral through an ambitious partnership with carbon offsetting and compliance solutions experts, Azzera.

Working with Azzera, Jetcraft has removed 3,596 verified tonnes of greenhouse gas emissions from the atmosphere, matching 100% of its own emissions, while investing in a variety of projects that deliver positive, environmental, developmental and social change around the globe. In 2022, the company supported forest conservation projects in North Carolina and Papua New Guinea and wind power supplies in South Africa.

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Product Overview

The Gulfstream G600 is a sister aircraft to the G500, a smaller aircraft that was unveiled as a pair with the Gulfstream G600. Along with the Gulfstream G650ER, Gulfstream G650 and the Gulfstream G500, the G600 shares a maximum operating speed of Mach 0.925. A low cabin altitude at the aircraft’s maximum altitude of 51,000 feet and 100 percent fresh air replenished every two minutes reduce the effects of jet lag. The G600 comes equipped with Gulfstream’s Enhanced Vision System, the Intelligence-by-Wire flight system provides highly calibrated flight controls, and auto throttles and autobrakes ensure peak engine performance and smoother, safer landings.

As of November 2022, 3% of the Gulfstream G600 aircraft were purchased pre-owned by their current owners, the other 97% new. 2.2% are for sale with half of those (50%) under an exclusive broker agreement. When for sale the average time on the market is 240 days.

Brief History

The Gulfstream G600 was first announced in October 2014 in Savannah, GA, US and it first flew in December 2016. In 2019 FAA certification was received and the first Gulfstream G600 was delivered in August 2019. The model is still being produced presently.

Worldwide Appeal

There are 89 Gulfstream G600 aircraft in operation today. The majority of those (88) are wholly owned with 1 in shared ownership. 17.8% are currently leased. North America has the largest percentage of wholly owned Gulfstream G600 aircraft (83%), followed by Europe (13%).

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In 2022 Jetcraft celebrated 60 years in business. Our Founder Bucky Oliver and our Owner and Chairman Jahid Fazal-Karim got together to talk about Jetcraft, our history and pivotal moments along the way.

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It’s an exciting time for commercial aviation in Africa. Across the entire continent, there are new trends and developments to respond to. Airlines on the continent are looking for smaller aircraft to implement into their operations, particularly narrowbody types and regional turboprops and jets. In East Africa, we’ve witnessed an increase in activity and change in key players, with Addis Ababa in Ethiopia recently becoming the biggest connecting hub in Africa. There has also been a notable increase in activity in Central Africa, alongside the usual high levels across Southern Africa, which continues to be a dynamic aviation market.

Seizing the opportunities that exist in the African commercial aviation industry means being fully aware of – and being prepared to respond to – the developing trends and the challenges that exist across the regions.

Recession prompts growth in regional aircraft

It’s perhaps surprising to talk about opportunities given that the African A...

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Gemma Downs, Transaction Manager, Jetcraft
Location: London, UK

How long have you been at Jetcraft?

I have been at Jetcraft since October 2021.

What are your responsibilities within the global Jetcraft team?

As a transaction manager I deal with all things legal. I get involved from the LOI stage onto the purchase agreement and then closing. My main role is to ensure that we have a successful and smooth closing, ensuring that we get the Bill of Sale in place, making sure that the documents are signed, and ensuring that we are not the ones holding up the transaction.

What do you love most about your job?

I like the challenge of it. Coming from a property background it is quite a similar role, but there are key differences from property to aviation. It has been a really big challenge getting to grips with the aviation law. I’ve been trying to keep up to date with it all and absorb as much information as I can so I can do the job as well as I can while also energizing myself in a challenging role.

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Product Overview

The Cessna Citation Latitude is a low-wing aircraft with retractable tricycle landing gear and a cruciform tail. The turbofan engines are pylon-mounted on the rear fuselage and fuel stored in the wings offers generous range for missions. The spacious interior offers a flat floor and circular cabin with space for baggage provided with the integrated steps in the tail cone with additional storage space available in the cabin.

As of June 2022, 14% of the Citation Latitude aircraft were purchased pre-owned by their current owners, the other 86% new. 1.6% are for sale with the majority of those (60%) under an exclusive broker agreement. When for sale the average time on the market is 82 days.

Brief History

The Cessna Citation Latitude (Model 680A) was first announced at the 2011 NBAA convention. The prototype first flew on February 18, 2014 and FAA certification came on June 5, 2015. First deliveries began in August 2015. NetJets purchased a large fractional fleet of 162 Latitude business jets as of June 2022.

Worldwide Appeal

There have been 309 Citation Latitude business jets built and all are in operation today. More than half of those (141) are wholly owned with 6 in shared and 162 in fractional ownership. 3.2% are currently leased. North America has the largest percentage of wholly owned Citation Latitude aircraft (79%), followed by Europe (13%). NetJets owns the largest fleet of Citation Latitude aircraft with 138.

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Jetcraft has named Idriss Abdelaziz as Sales Director. The appointment strengthens Jetcraft’s established footprint in EMEA, with Abdelaziz bringing extensive regional knowledge and market intelligence.

Before joining Jetcraft, Abdelaziz was Managing Partner at Swiss-based jet broker, AeroProp, following an eight-year career in investment banking. As Sales Director, Abdelaziz will manage Jetcraft’s sales, acquisitions and trades across 19 territories, including France, Benelux, Southern Europe and Northern Africa.

Pascal Bachmann, SVP Sales, EMEA at Jetcraft, says: “EMEA is an important market poised for continued growth.  According to our latest forecast,  the share of Jetcraft buyers under 45 has risen by 20% in the last five years, largely driven by activity in this region, and the UHNWI population in Europe, the Middle East and Africa is expected to grow 24% and 21% respectively by the year 2026. We look forward to working with Abdelaziz and drawing upon his experienc...

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