New research1 from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals there are around 821 aircraft of this size for sale in the United States of America, with an estimated combined value of $5 billion.
Some 164 of these aircraft are registered in Florida, while 128 are listed for sale in Texas with 87 California-registered jets on the market.
The findings reveal that in total, there are around 7,526 mid to large sized private jets in the United States of America, meaning that approximately 11% of the fleet is currently on the market for sale. The global average is currently 10%.
The aviation finance specialist, which recently agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas, representing approximately $2.5 billion of net assets, has around $1 billion to lend to clients to purchase relevant business aircraft in the US and elsewhere around the world.
The aircraft Global Jet Capital funds typically cost between $25 million and $75 million, and the company says up to 80% of the funding used to purchase these is sourced through external financing.
Shawn Vick, Executive Director of Global Jet Capital, said: “The United States represents around 52% of the global fleet of mid to large sized business jets. It is the most developed and stable private jet market in the world, and with a growing economy and expanding population of ultra high net worth individuals, it is well positioned for long term growth. We are well placed to meet the finance demand to help facilitate this.
“Many potential clients will be looking to upgrade to either a more modern or larger aircraft, but as the country’s overall wealth increases, we also expect to see more first-time buyers.”
| State | Midsize and heavy jet fleet size | Mid and heavy jets listed for sale | Percentage listed for sale |
| Florida | 761 | 164 | 21.6% |
| Texas | 894 | 128 | 14.3% |
| California | 699 | 87 | 12.4% |
| Illinois | 240 | 30 | 12.5% |
| Georgia | 351 | 27 | 7.7% |
| New Jersey | 207 | 23 | 11.1% |
| New York | 247 | 23 | 9.3% |
| Missouri | 153 | 17 | 11.1% |
| Connecticut | 139 | 16 | 11.5% |
| Kansas | 155 | 16 | 10.3% |
| US total | 7,526 | 821 | 10.9% |
Global Jet Capital, which was launched last year, 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.
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.
Notes to editors
1Global Jet Capital analysis of JetNet data, November 2015
*Investment to be made by funds advised or sub-advised by GSO Capital Partners and Franklin
Square Capital Partners or their respective affiliates, as applicable.