Jetcraft Corporation finds stability in global business jet market

The company said strong demand for new long range/large business jets has stabilised prices accordingly, while compelling opportunities exist for buyers of select pre-owned aircraft.

Chad Anderson, president, Jetcraft Corporation, said: “Fundamentally, Jetcraft’s market outlook remains unchanged – despite recent financial uncertainties in Europe and the US.  Specifically, we are seeing two trends that we believe are representative of the international business jet market at this time. First, prices at the top of the market – new long range to large business jets – have stabilised significantly. This good news for sellers has largely been driven by strong demand from emerging markets in Asia, Eastern Europe, the Middle East and South America. In parallel, we continue to see demand recovery in North America, from both public companies and high-net-worth individuals. Second, there remains a healthy supply of ‘legacy’ business jets models on the market – approximately 15% of the total of these fleets worldwide are currently for sale – which creates attractive opportunities for buyers. It is worth noting that ‘legacy’ aircraft such as the Bombardier Challenger 604, the Gulfstream GIV or the Dassault Falcon 900B may offer exceptional value.”

Jahid Fazal-Karim, co-owner and board member, Jetcraft Corporation added: “We believe that confidence in the business jet market is holding because the volume of transactions has remained quite stable. Business jet purchasers are generally acquiring aircraft based on anticipated lift requirements six to 18 months from today. This trend illustrates continued confidence as globalisation of business continues, the need for long range business jets – particularly in emerging markets – is here to stay.”