Analysis of data shows more than 150 new business jets could be delivered to Europe this year, with a value of more than US$5 billion.
Research by private aircraft finance solutions provider Global Jet Capital shows more than 13 per cent of those deliveries could be to the UK. The company says it sees Europe as a growth market and expects finance options to become more readily available for those wanting to purchase business jets.
A survey of 144 business aviation professionals reveals that 48 per cent anticipate an increase in demand for private aircraft finance in 2018, while 56 per cent think the volume of funding will also rise. Furthermore, 34 per cent described the European market as ‘very attractive’ to finance companies and 43 per cent described it as ‘attractive’.
Shawn Vick, CEO of Global Jet Capital, commented: “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 great utilisation of aircraft, a decline in used aircraft inventory and a growing order book for new corporate jets.”