New research1 from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals that 288 mid to heavy private jets were delivered to the Middle East between 2005 and 2014, with a combined value of over $14 billion dollars.
Global Jet Capital says these aircraft typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing.
The largest number of deliveries were to Turkey (79), followed by the UAE (61) and Saudi Arabia (52).
| Country | Midsize | Heavy jet | Jet airliner | All deliveries |
| Turkey | 30 | 48 | 1 | 79 |
| United Arab Emirates | 3 | 54 | 4 | 61 |
| Saudi Arabia | 13 | 35 | 4 | 52 |
| Qatar | 1 | 13 | 3 | 17 |
| Jordan | 1 | 10 | 0 | 11 |
| Kuwait | 1 | 8 | 2 | 11 |
| Oman | 0 | 9 | 1 | 10 |
| Lebanon | 4 | 5 | 0 | 9 |
| Bahrain | 0 | 5 | 1 | 6 |
| Iran | 0 | 1 | 0 | 1 |
| Rest of Middle East | 1 | 29 | 1 | 31 |
| ALL MIDDLE EAST | 54 | 217 | 17 | 288 |
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 Middle East and elsewhere around the world.
Shawn Vick, Executive Director of Global Jet Capital said: “Just over half of the fleet of mid to large private jets in the Middle East were delivered between 2005 and 2014, and many of these aircraft would have been purchased using some form of external financing.
“We have a considerable amount of money to lend to clients wanting to purchase mid to large private jets, and the Middle East is an attractive market for us.”
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