Lending and leasing experts Global Jet Capital has revealed that over 150 new business aircraft worth more than US$5bn could be delivered to Europe this year, according to industry data. Over 13% of these deliveries – equating to 21 aircraft – could go to the UK.
New research sourced from 144 business aviation professionals reveals 75 anticipate demand for private aviation finance will increase in 2018, and 56% think the volume of funding will also rise.
When asked how attractive they think the European private aircraft market is currently to finance companies, 34% described it as ‘very attractive’ and a further 43% as ‘attractive’. Only 21% think it is ‘unattractive’.
Shawn Vick, CEO at Global Jet Capital, said, “We expect to see the business aviation sector expand over the next few years. Factors behind this include economic growth in most of the major economies, a significant amount of investment and strong corporate earnings.
“These factors can lead to greater utilization of aircraft, a decline in used aircraft inventory and a growing order book for new corporate jets.
“As an organization, we are well capitalized and ready to take advantage of an increasingly attractive environment to lend.”