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Forming the future of Wanaka Airport

Residents in Wanaka, New Zealand, were encouraged to join conversations on the future of Wanaka Airport at interactive community and stakeholder engagement sessions. Discussions surrounding what the hub could evolve into by 2045 included the airport’s strengths, thoughts on the return of scheduled services and opportunities for growth.

18th June 2018



The future of flying

The European Business Aviation Association (EBAA) has published a report in cooperation with young people think tank ThinkYoung called Expanding Horizons: How Millennials see the Future of Business Aviation. The survey asked young people aged 18-25 in Germany, France, the UK and Switzerland about mobility, business aviation and the future of sustainable personal air transport. Read more on Andrea Gerosa, founder of young people’s think-tank ThinkYoung, thoughts here

04th June 2018



How many trade visitors is this week's Farnborough Airshow expected to attract? 

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Global Jet Capital investigates Middle East market

Global Jet Capital, a global provider of financing solutions for corporate aircraft, has been conducting its own research into the growing business aviation market in the Middle East. Its findings show that there are around 73 mid to large private jets for sale in the region, with a combined value of US$939m, and that 59% of business aviation professionals believe the market to be attractive currently for finance companies.

Of the 73 aircraft for sale, Global Jet Capital found 26 registered in the UAE, with 23 in Saudi Arabia, while the remainder spread out in countries including Turkey and Kuwait. The findings also show that in total, there are around 732 mid-size, large and airliner-size private jets in the region, which means roughly 10% of the market is currently for sale. The bulk of these purchases will be based on leases and loans.

In terms of the attractiveness of the market, Global Jet Capital surveyed 200 business aviation professionals, and discovered that over the next three years 41% expected its appeal to increase and 13% said it would decrease. While 59% called the regional market attractive, 15% said it was currently unattractive.

Simon Davies, Global Jet Capital’s sales director for the Middle East, said, “Many potential clients in the Middle East are looking to upgrade to a more modern aircraft, and we can help them finance their new jets. Some 350 business jets are expected to be delivered to the Middle East over the next 10 years.

“We specialize in funding the purchase of mid to large private jets, and these typically cost between US$25m and US$75m each. Up to 80% of the purchase price is sourced through external financing and if over 200 of these aircraft are going to be delivered to the Middle East between now and 2025, this becomes an increasingly attractive market for us.”

December 13, 2016

 


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