Jet Support Services, Inc. (JSSI), an independent provider of maintenance support and financial services to the business aviation industry, announced the 2019 Greater China Customer Choice Award winners at this year’s Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai. 

The increasing shift in preference from mid-size to larger aircraft is reflective of the global economy and how successful companies today are doing business. But buying a larger aircraft means a much higher capital outlay for purchase—which is why operating leases are becoming so attractive. They offer lower residual value risk, flexibility, and an unparalleled level of convenience, helping a business aircraft fit into more balance sheets and support the business goals of organizations around the world.

 Photo Credit: Ingo Bollhöfer

Global Jet Capital is accustomed to attending exhibitions, but what’s on display usually ends up on hangars, runways, or flying around at 40,000 feet. We also appreciate finer things that stay a little closer to the ground, which is why we chose to sponsor this year’s Art Düsseldorf event, an exhibition showcasing the finest post-war and contemporary work from global galleries large and small. Located in Düsseldorf, Germany in the spacious and stunning Areal Böhler exhibition hall, Art Düsseldorf gives attendees the chance to admire (and acquire) everything from larger-than-life sculpture, to traditional visual art, to more adventurous works in new media.

In 2010, the FAA mandated that an Automatic Dependent Surveillance—Broadcast Out (ADS-B Out) system be installed on aircraft flying in most US airspace, with a deadline of January 1, 2020. The shift to a completely new system has incited a flurry of activity and comment in the aviation community, and aircraft modification shops are beginning to book up as the deadline looms.

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.

 Analysis from Florida based Global Jet Capital, a global provider of financing solutions for corporate aircraft, suggests that just over 300 medium and large business jets worth an estimated $12.3 billion could be delivered to Florida 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 200 business aircraft for clients.

As our economy continues to expand on the global scale, aviation will continue to provide a transportation lifeline to companies and organizations of all sizes. The most forward-thinking of these companies will utilize private aircraft to help cut back on travel time, enhance efficiency and productivity of onboard personnel and remain flexible in today’s increasingly competitive marketplace, but when the numbers are all laid out in front of us, is it really a good alternative to commercial air travel?

As business travel becomes increasingly necessary in our economy, businesses would be wise to consider how a private aircraft can benefit their brand. Access to private aircraft offers undeniable advantages in terms of productivity and efficiency. However, your ability to avoid mistakes throughout the acquisition process will ultimately determine your return on investment. 

When businesses look into the possibility of using private aircraft, there are several different options that are available, the most common being ownership of private aircraft outright, operating lease, fractional ownership or jet chartering. While each of these options has a number of advantages and disadvantages, for businesses who require maximum flexibility when it comes to having aircraft accessible at the lowest cost overall, there’s generally one option that fits best. The overarching question will always remain “what is your purpose or mission when it comes to your aircraft?” Once that question is answered, the best option for your business can become quite clear.

We have all heard that flying privately is a luxurious way to travel, but the question remains, is it really worth it? Is it worth the money to buy or lease a private aircraft? Is it worth the time to oversee the transaction? Is it really everything that it has been made out to be?