252 Private Jets Could be Delivered to TX Over Next 10 Years

252 Private Jets Could be Delivered to TX Over Next 10 Years

Analysis(1) from Global Jet Capital, a global provider of financing solutions for corporate aircraft, suggests that 252 medium and large business jets worth an estimated $9.1 billion could be delivered to Texas between now and 2025.

Global Jet Capital, which has over $1 billion to lend to clients purchasing business jets, says the bulk of these purchases will be based on leases and loans. The company currently finances over 300 business aircraft for clients.

The company’s research reveals that Texas has around 410 midsize, 445 heavy business jets and 16 jet airliners, which is approximately 11% of the total for the USA as a whole(2). In fact, the state’s midsize, heavy and jet airliner business aviation fleet, some 871 aircraft, ranks it as the second largest fleet in the world – ahead of Mexico (611 aircraft), China (363) and Canada (347) – and only behind the US as a whole (7,591).

Global Jet Capital is attending the NBAA Regional Forum in Fort Worth on 23 March. The event will see some 2,500 business aviation professionals come together, with attendees from across central and southern US and beyond.

Greg Babcock, Vice President Sales, Central USA, said: “Texas has the largest fleet of mid and heavy sized jets in the US. Over one third of the aircraft delivered to Texan customers in the last five years have been mid to heavy and this trend is likely to continue.

“We specialize in funding the purchase of mid to heavy private jets, and these typically cost anywhere between $10 million and $75 million each. Up to 80% of the funding is sourced through external financing and with as many as 252 of these aircraft potentially being delivered to Texas between now and 2025, the market here is one of our top priorities.”

Global Jet Capital launched in 2014 and it is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company in partnership with Franklin Square Capital Partners*; The Carlyle Group; and AE Industrial Partners. In January 2016 Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.

The company’s current management team and executive committee is composed of leaders from business jet manufacturers, maintenance and service providers and leading financial institutions who have served the private aircraft industry for a combined 200-plus years and have completed over 3,500 aircraft transactions.

If a private aircraft is right for you, call us at 844.436.8200 or contact one of our management team members here. 

Notes to editors

  • Bombardier Business Aircraft Market Forecast 2016 – 2025
  • Global Jet Capital analysis of Bombardier Business Aircraft Market Forecast 2016 – 2025 and JetNet


Posted By GJC Insider  \  

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