business jets

  • Tracey Cheek posted an article
    GAMA Sees Good Start for Airplanes in 2019 see more

    NAFA member, Pete Bunce, GAMA President and CEO, says 2019 has started off well for airplane deliveries.

    General aviation airplane deliveries got off to a good start in 2019, according to statistics compiled by the General Aviation Manufacturers Association (GAMA). All sectors, including business jet, turboprop, and piston-powered airplanes, showed an increase in deliveries year-over-year for the first three months of the year, while industry billings rose by 10.5 percent, to $4.23 billion. "While our rotorcraft segment experienced some headwinds, our airplane segment remains strong," said GAMA president and CEO Pete Bunce. "Statements by our member companies point to solid order intakes during the first quarter, laying down a positive marker for later in 2019."

    For business jets, the first quarter of 2019 saw 141 deliveries, an increase of nine aircraft from the same period in 2018. Gulfstream led the way, with an additional eight of its large-cabin jets in the first three months of this year, while its super-midsize G280 deliveries remained static at seven. Cessna saw a 22 percent increase year-over-year showing increases or the same number of deliveries across its entire product line, as its first-quarter totals rose from 36 in the first three months of 2018 to 44 this year. The Wichita airframer increased its output of the M2, Sovereign+, and Latitude by two each, while Pilatus added three additional examples of its PC-24 light jet year-over-year.

    Embraer remained even with 11 deliveries in each year, the two Legacy 450s handed over in 2018 were offset by the delivery of an additional Legacy 500 and a Legacy 600/650 this year.

    Canadian OEM Bombardier noted a nearly 23 percent decrease in deliveries for the quarter, moving from 31 in the first three months of 2018 to 24. All models saw a decline with the exception of its flagship Global 7500 which received certification late year.

    Honda saw first-quarter deliveries of its light HondaJet down by nearly 42 percent, year-over-year, moving from 12 in the first quarter of 2018, to 7 in the first three months of 2019.

    Dassault presents its delivery totals for its Falcons at mid-year and year-end.

    In the bizliner category, Airbus handed over a pair of ACJ320neos in the first quarter of 2019, after posting no deliveries in the same period last year, while Boeing, which had four deliveries early in 2018, had none through March of this year.

    While the overall turboprop segment saw a 7 percent rise year-over-year, the higher-end pressurized models remained flat with 50 deliveries in the first quarter of both years. Textron handed over five additional Beechcraft King Air 250s in the first quarter of 2019, contributing to a 35 percent overall increase for the manufacturer, as Daher and Pilatus remained steady on their single-engine turboprops, delivering eight and 12 both years, respectively. Piper handed over seven M500s during the first quarter of 2019, down from the same period last year when it delivered three M500s and seven M600’s. Piaggio, which delivered three Avanti Evo twin pushers in the first three months last year, reported none in the same period this year.

    On the rotorcraft side, total shipments were down more than 19 percent year-over-year, and billings declined by nearly $100 million, while turbine-powered helicopters slid more than 22 percent, from 134 in the first quarter of 2018 to 104 during the same period this year. Bell, which delivered 46 helicopters in 1Q 2018 saw that total fall to 30 in the first three months of 2019. The Textron-subsidiary transitioned from the 407GXP with 17 deliveries in the first quarter of 2018 to just one this year, while ramping up to the 407 GXi with six handed over in the first three months of 2019.  It also delivered seven fewer 505s year-over-year. Airbus Helicopters, which delivered 46 civilian rotorcraft in the first quarter of 2018, handed over three less this year, the difference mainly being four fewer H135s in the first quarter.

    Leonardo was down by 34 percent from its first quarter 2018 totals. The company delivered no AW189/149s in the first three months of 2019, as compared to the six it handed over a year earlier. Likewise, it had no AW119Kx deliveries, having four in the first quarter of 2018. It did exceed its 1Q 2018 tally on the AW169 by three units, delivering six in the first three months of 2019.

    Robinson Helicopter dialed back its deliveries on the R66 by six, handing over 12 in the first quarter of the year, while Sikorsky which had one delivery, an S92, in the first three months of 2018, had none this year.

    This article was originally published by Curt Epstein in AINonline on May 17, 2019.

  • Tracey Cheek posted an article
    Five Vital Questions About Private Jets Answered see more

    NAFA member, Jahid Fazal-Karim, owner of Jetcraft, answers your questions about private jets.

    With more than 20 offices worldwide and 55 years of experience Jetcraft is one of the true leaders in private aviation. With new jet share companies disrupting the market - creating an Uber-like marketplace in the elite world of private travel, Jetcraft continues to offer its experience and expertise to that top percent looking to purchase a private plane. Having accrued unparalleled industry expertise and understanding of the varied global markets in which they operate, has made Jetcraft a leader in aircraft sales, acquisitions and trades. We spoke with the company's current owner Jahid Fazal-Karim to understand the nuances behind what he does and how he's built such a successful company.

    1. What does Jetcraft offer in the market that wasn't already available?

    Jetcraft is the largest international buyer, seller and trader of business aircraft. Through our 55-year history, we have amassed a global presence, with more than 20 offices worldwide. Our sales directors know the local market, speak the local language and have facilitated numerous aircraft transactions in each locale. This unique global structure means we are positioned to provide regional on-the-round expertise and up-to-the-minute insight within any region, and we’re never more than a few hours away from one of our customers. 

    2. What is unique to Jetcraft unlike its competitors?

    Jetcraft holds a unique position in the industry, situated between a traditional broker and a manufacturer. We have one of the world’s largest inventories of new and pre-owned aircraft, and we’re one of few companies with the resources to invest in owned aircraft, allowing us the ability take in trades and offer our customers a seamless transaction.

    3. What advice would you give to a prospective jet buyer?

    Don’t overlook the value of pre-owned aircraft. For some buyers, only a new aircraft will meet their needs.  But, a pre-owned jet, especially five-years or younger, can offer a very similar product at a good value.

    4. How many clients to do typically meet in a day?

    At the risk of sounding clichéd, there really is no typical schedule in our line of work. I could spend time with one client or 20 depending on the day, but I do prefer to conduct face-to-face meetings as much as possible. Our connections are one of the many things that make working with Jetcraft so valuable - meeting in person and building relationships, will always be an extremely important part of our business.

     5. How did Jetcraft begin? And how is the company planning to grow and innovate?

    Jetcraft was founded in 1962 by Charles ‘Bucky’ Oliver, making it one of the oldest and well-established specialists. In 1987, the company began operating under the name Jetcraft, and I became co-owner in 2008. As international markets presented new opportunities for business aviation and large business jets became the preference, we grew from a primarily US-based organisation to an expanding international corporation, introducing operations in Russia, Dubai, Switzerland, Asia, Turkey, Australia, Africa and the UK.

    We have facilitated hundreds of aircraft transactions, including more than 550 deals worth more than $10 billion in the last decade alone. Over the past 12 months, we’ve opened a new London HQ office and doubled the size of our European team. Looking ahead, our plan is to continue to cater exactly to the market’s demands without losing the intimate family that Jetcraft has always been and will remain to be.

    We thrive on our rich history, experienced team and financial strength. But it’s our global reach that allows us to connect buyers and sellers across the world, help them find the best value and structure a seamless transaction. It’s simple in principle, but only feasible to do quickly and effectively if you have a solid network of offices and expertise in place.

    This article was originally published on Forbes.com and in Jetcraft's Jetstream Journal on November 1, 2018.

     

  • Tracey Cheek posted an article
    AMSTAT releases latest Business Aircraft Resale Market Update Report showing slightly slower
    Busine
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    AMSTAT releases latest Business Aircraft Resale Market Update Report showing slightly slower Business Jet resale transaction activity so far in 2016.


    Tinton Falls, NJ – October 24, 2016: According to AMSTAT, the first three quarters of 2016 saw a slightly
    lower percentage of the Business Jets and about the same percentage of Business Turbo‐Props turning
    over as resale transactions versus the same period in 2015.

    In the first three quarters of 2016, 7.1% of the global Business Jet fleet turned over. This percentage
    was down versus 7.4% in the same period in 2015. By comparison, 5.8% of the Business Turbo‐Prop
    fleet turned over versus 5.7% for the same period in 2015.

    Resale Retail Transaction activity year to date was up for Heavy Jets with 5.9% of the fleet turning over
    in the first 3 quarters of the year, compared to 5.5% for the same period in 2015. In contrast,
    transaction activity for the Medium Jets resulted in 7.1% of the fleet turning over versus 8.2% for the
    same period in 2015. For Light Jets and Turbo‐Props, Resale Retail Transaction activity was largely flat
    for the first 3 quarters of the year compared to the same three quarter period in 2015 (7.8% versus 7.9%
    and 5.8% versus 5.7% respectively).

    The report also shows that business aircraft inventory levels continue to climb but with some evidence
    of a recent plateauing in certain market segments. 10.8% of the Heavy Jet fleet is now for sale. This
    percentage is up from 10.4% at the start of 2016. Over the last 24 months more of this inventory has
    come from Newer Heavy Jets, with 10% of that fleet for sale today versus 8% in 2015. Today 11.6% of
    the Medium Jets fleet is available for sale versus 11.2% at the start of the year. As with Heavy Jets, it is
    the Newer Medium Jet models that are seeing their inventory increase the most. The Light Jet inventory
    is currently 11.8% of the active fleet. This up since the start of the year but flat compared to the same
    time last year. 8.5% of the Turbo‐Prop fleet is for sale, up since the start of 2016 but down from 8.7% a
    year ago.

    Average Asking Price trends have been a mixed bag so far in 2016. The Average Asking Price for a Heavy
    Jets is $13.9M down 6.6% year over year. The increase in Heavy Jet Resale Retail Transactions so far in
    2016 has not been enough to raise Average Asking Prices. The Average Asking Price for a Medium Jet is
    $3.4M, down 7.8% from a year ago which is consistent with falling Resale Retail Transaction activity and
    increasing inventory in this market segment. The Average Asking Price for Light Jets is $1.7M up 6.7%
    versus a year ago and $1.4M for Turbo‐Props up 5.5% versus a year ago. These are curious trends given
    that transaction activity and inventory levels are essentially flat in these markets.

    For a full copy of the report go to: http://www.amstatcorp.com/docs/APR‐MUR‐1024‐2016.pdf


    About AMSTAT, Inc.
    AMSTAT is the leading provider of market research information and services to the corporate aviation industry. Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals.

    AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers. AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    Information:
    AMSTAT, Inc.
    Andrew Young
    New Jersey: (732) 530-6400 x147 / andrew@amstatcorp.com / www.amstatcorp.com