New research1 from Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, reveals that 2,731 mid to heavy private jets were delivered to the United States of America between 2005 and 2014, with a combined value estimated at over $136.5 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 Texas (303) accounting for just over one in ten (11%) of all mid-sized to heavy jet deliveries to the US over the past decade. This was followed by California (215 deliveries), Florida (194) and Illinois (114).
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 United States of America, and elsewhere around the world.
Shawn Vick, Executive Director of Global Jet Capital said: “Around a third of the fleet of mid to large private jets in the United States of America was delivered between 2005 and 2014, and the vast majority of these aircraft will have been purchased using some form of external financing.
“We have significant funds available to lend to clients wanting to purchase mid to large
private jets, and the United States of America is by far the most attractive market in the world
for us because it is the biggest and most established.”
| State | Mid and heavy jet fleet size | Mid and heavy jets deliveries, 2005-2014 | Share of fleet delivered since 2005 |
| Texas | 894 | 303 | 34% |
| California | 699 | 215 | 31% |
| Florida | 761 | 194 | 25% |
| Illinois | 240 | 114 | 48% |
| New York | 247 | 110 | 45% |
| Ohio | 192 | 105 | 55% |
| New Jersey | 207 | 83 | 40% |
| Georgia | 351 | 80 | 23% |
| Michigan | 209 | 71 | 34% |
| Missouri | 153 | 69 | 45% |
| USA total | 7,526 | 2,731 | 36% |
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