Subscribe Free
in Business Aviation / Business & Finance

NBAA: Lack of finance adds to business aviation woes warns lender

Posted 2 November 2016 · Add Comment

The number of business jets being delivered globally fell by 4.7% in the first quarter of this year when compared to the same period in 2015 thanks a lack of available finance according to new research from.Global Jet Capital,

The global provider of financing solutions for corporate aircraft, said that 16% of business aviation professionals believe a lack of business aviation finance has contributed significantly to this decline. A further 41% believe this has had a slight negative impact on deliveries, while only 36% believe it has had no influence.

Dave Labrozzi, chief operating officer osaid: “A lack of available finance for those looking to buy mid to heavy business jets was one of the main reasons we entered this market. Some of the traditional lenders were not in a position to meet demand, despite many of the requests for finance being attractive for lenders.

“We have over $1 billion to lend and with a positive long term outlook for the business aviation market, we are optimistic for the future.”

Global Jet Capital’s research among 200 business aviation professionals reveals that 51% expect the availability of finance for the sector to increase between now and 2019, with 8% predicting the increase to be dramatic. Just 21% expect the level of funding to purchase business aircraft to fall over the period, with 23% believing that it will remain at current levels until 2019.

Global Jet Capital launched in 2014 and it 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. In January 2016 Global Jet Capital completed the purchase of GE’s corporate aircraft lease and loan book in the Americas.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Etihad Airways commences Dreamliner services to Amman

Etihad Airways has started operating its state-of-the-art Boeing 787-9 Dreamliner on the Abu Dhabi – Amman route, as part of its daily schedules between the two capitals.

Holding the fort…

Faced with intolerable challenges in its home market, Libya's Afriqiyah Airways is defying the odds to stay airborne and even set up a new subsidiary in Malta. Martin Rivers talked to chairman Abubaker Elfortia.

Airbus Defence and Space appoints four new Executive Committee members

Airbus Defence and Space has appointed Jana Rosenmann, Grazia Vittadini, Bernhard Brenner and Peter Weckesser as new executive committee members.

Oman Air enters into partnership with Lufthansa

Oman Air has signed a new partnership agreement with Lufthansa.

Travelport appoints new Head of Product & Solutions in EMEA

Travelport has appointed Jasmeen Kaur in the role of head of product and solutions EMEA.

Emirates Skywards celebrates another Miles Millionaire

In celebration of UAE's Year of Giving, Emirates Skywards' annual Thanks a Million campaign has created another Miles millionaire while supporting a good cause.

TAA
See us at
EBACE17 BT0103240517Aeropodium BT2802240417Kuwait APADS BT1602270317