386 large business jets delivered at an estimated cost of over $19.3 billion
April 12, 2016, Shanghai
New research1 from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals that 386 mid to heavy private jets were delivered to Asia Pacific between 2011 and 2015 , with a combined value estimated at over $19.3 billion.
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 was to China (196) accounting for 51% of all mid-sized to heavy jet deliveries to Asia Pacific between 2011 and 2015. This was followed by Hong Kong (68 deliveries), India (23 deliveries) and Singapore (15).
The aviation finance specialist, which recently completed the purchase of 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 Asia Pacific and elsewhere around the world.
Robert Gates, Senior Managing Director of Global Jet Capital said: “The Asia Pacific region is a very exciting market for us. Long term, we expect its private jet market to enjoy strong growth. Indeed, for the period 2011 to 2015, the number of mid to heavy private jets delivered to the region was 51% higher than the period 2006 – 2010.
“We are one of, if not the only, dedicated aviation finance specialist to operate on a global basis. Our team has a wealth of experience funding a wide variety of aircraft types, and we have significant funds available to lend to clients here wanting to purchase mid to large private jets.”
| Country | Mid and heavy jets deliveries, 2006-2010 | Mid and heavy jets deliveries, 2011-2015 | % Change 2006-2015 |
| China | 50 | 196 | 292% |
| India | 48 | 23 | -52% |
| Hong Kong | 40 | 68 | 70% |
| Australia | 27 | 13 | -52% |
| Japan | 5 | 10 | 100% |
| Malaysia | 13 | 8 | -38% |
| Singapore | 14 | 15 | 7% |
| Indonesia | 14 | 11 | -21% |
| Philippines | 10 | 8 | -20% |
| Thailand | 11 | 8 | -27% |
| New Zealand | 1 | 3 | 200% |
| All Asia Pacific | 255 | 386 | 51% |
Global Jet Capital, which was launched in 2014, 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, March 2016
*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.