Corporate jets used to be only for the Fortune 500 companies of the world. That’s not so any longer. There has, as of late, been an explosion in the growth of corporate aircraft leasing, to increasingly different types of business clients. More companies are coming to the conclusion that they stand to benefit greatly from leasing a private aircraft. The financial sector is keeping up with the increased demand for business aircraft financing by adding different leasing and financing options, which in turn is making the reality of having the use of, and benefit of, a private business jet a real possibility for a larger segment of the business world.
Trends in business travel evolve to reflect the changing pulse of the business world itself. Mobile apps now enable travelers to make hotel reservations or check in with a few simple strokes on a touch screen. Rideshare services provide individuals with another way to get from Point A to Point B in an ever-growing number of places. Alternative forms of payment (such as platforms like Paypal) make payment of products and services rendered more convenient than ever. “Smart” hotels offer technology that anticipates and caters to the needs of business travelers from across the globe.
This year's NBAA welcomed industry professionals from all over the world. The show brought together 27,000 participants in Orlando for one of the most important events in business aviation. With numerous press events, two static diplays and an indoor exhibit with over 1,100 exhibitors, NBAA 2016 displayed the size and depth of the private aviation industry.
The Global Jet Capital team had the pleasure of meeting with fellow attendees, manufacturers and prospective business aircraft buyers. Below are pictures from Global Jet Capital's NBAA 2016 indoor booth.
There is a common misperception in the business jet industry that high net worth individuals and corporations mostly pay in cash for large private aircraft. Even if the cash resources are at hand, more often than not the preferred approach is to lease or finance assets of this nature. Why? If a new or pre-owned aircraft is acquired for cash – costing tens of millions of dollars – that’s a lot of capital tied up in an asset that typically depreciates each and every year (unlike real estate, which may go up in value over time). As such, many private aircraft users prefer to take advantage of available third-party capital to finance or lease their acquisition.
Funding the acquisition of a new or pre-owned jet with cash is 100-percent equity financing – equity capital that the individual or corporation could use to make other investments. Many conclude that the investment in their business is probably a better bet than buying into an asset that will likely lost value each year. The decision that many private jet operators reach is that it’s most efficient to use third-party capital to fully or partially fund the acquisition of the private aircraft they wish to use.
Global Jet Capital, a provider of financing solutions for new and pre-owned mid to heavy private jets, has become a member of the German Business Aviation Association (GBAA).
Founded in 1985, the GBAA is a member of the European Business Aviation Association and works to promote the economic, political and legal aspects of the business aviation in Germany.
Topics: In the News
New research(1) from Florida based Global Jet Capital, a global provider of financing solutions for corporate aircraft, reveals 90% of business aviation professionals from around the world believe the US market is currently attractive for finance companies, with 59% saying it’s ‘very attractive’. Just 4% describe it as ‘unattractive’.
The corresponding figures for the Canadian business aviation market are 67%, 34% and 7%.
Some 200 industry professionals were interviewed, and the majority anticipates these two markets will become even more appealing to business aviation finance companies over the next three years. Nearly six out of ten (59%) believe this about the US market, and just 5% think it will become less attractive. The corresponding figures for the Canadian business aviation market are 42% and 7%.
Topics: Global Jet Capital
Global Jet Capital, a provider of financing solutions for large-cabin, long-range business jets, has announced the appointment of Matthias Müller as Sales Director for Europe.
Müller, who officially commenced his role on 1st July, has more than 25 years’ experience in the business aviation sector. Before joining Global Jet Capital he spent 13 years with GE Capital Corporate Aircraft Finance, where his latest role was Commercial Leader EMEA. Müller managed the business and team, located in various EMEA countries.
Topics: In the News
Global Jet Capital, a provider of financing solutions for large-cabin, long-range business jets, expects demand for business aviation in India to increase as a result of the country’s strong economic growth.
Simon Davies, Vice President, Sales – India at Global Jet Capital is currently in India meeting prospective clients who are looking for finance to support potential acquisitions of mid to heavy business jets.
Topics: In the News
Global Jet Capital, a global provider of financing solutions for Corporate Aircraft, has announced the appointment of Jolie Howard as Vice President Asia Sales.
Before joining Global Jet Capital, Jolie led CIT’s business aircraft finance practice in Asia and successfully developed new markets for business jet financing. Jolie is widely recognized as a leader in business aviation in the Asia Pacific region.
Topics: In the News
EBACE brings together thousands of business aviation professionals from Europe and around the world for three critical days. This year's Show was from May 24 - 26th, at Geneva’s magnificent Palexpo. We had a wonderful time catching up with existing partners and meeting potential Global Jet Capital customers. Check out images of our Booth below!