Jetcraft Sees Positive Outlook In Aircraft Sales Prospects

NBAA Convention News » 2011
October 11, 2011, 2:30 AM

Jetcraft president Chad Anderson sees a ray of sunshine through the dark clouds shrouding business aviation skies, with strong demand for new long-range, large-cabin business jets and excellent opportunities for buyers of select pre-owned aircraft. The Raleigh, N.C.-based business aircraft sales, trading and brokerage firm has three aircraft for sale at the Henderson Executive Airport static display.

“Fundamentally, Jetcraft’s market outlook remains unchanged despite recent financial uncertainties in Europe and the U.S.,” said Anderson. “Specifically, we see two trends we believe represent the international business jet market. First, prices at the top of the market–new long-range, large business jets–have stabilized significantly, largely driven by strong demand from Asia, Eastern Europe, the Middle East and South America. We see continued demand recovery in North America, from both public companies and high-net-worth individuals. Second, a healthy inventory of legacy business jets, about 15 percent of the worldwide fleet total, remains. Aircraft such as the Bombardier Challenger 604, the Gulfstream GIV or the Dassault Falcon 900B may offer exceptional value.”

 Jahid Fazal-Karim, Jetcraft co-owner and board member, added, “We believe business jet market confidence is holding, because transaction volume has remained quite stable. Business jet purchasers are generally acquiring aircraft based on anticipated lift requirements six to 18 months from today. This illustrates continued confidence as globalization of business continues. The need for long-range business jets, particularly in emerging markets, is here to stay. Furthermore, access to credit and financing has not been noticeably impacted by recent macroeconomic events. Jetcraft is guardedly optimistic. On balance, we expect our sales to remain very favorable through year-end.”  

Jetcraft has sales offices in five U.S. cities, Basel, Switzerland, Dubai and Moscow. Jetcraft Avionics, a Jetcraft subsidiary, distributes HUD-compatible enhanced-vision systems from Elbit-Kollsman for aftermarket business jets and widebody VIP jets.­–H.W.

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