In addition to luxurious cabin fittings and a host of amenities, many of today's private jets also in-flight connectivity systems allowing passengers to connect to the Internet in much the same manner as they would in their own homes and offices, allowing busy CEOs to conduct important business meetings at 40,000 feet. Whether it's visiting multiple clients or offices in a single day, or carrying your family to a top-level vacation destination, private jets provide an incredibly fast, safe, and secure travel alternative for you, your friends and family, and your employees, all in unmatched style and luxury.
According to Jahid Fazal-Karim, owner and chairman of the board of Jetcraft, the sweet spot for buying a plane is between three and five years old in terms of value. Fazal-Karim knows what he is talking about, having overseen more than 500 transactions worth over $10 billion in value since he started his career at Jetcraft in 2008. He is often referred to as one of the most powerful players in business and private aviation. Jetcraft
Finance leasing, also known as "capital leasing", is a longer-term arrangement in which the operator comes closer to effectively "owning" the aircraft. It involves a more complicated transaction in which a lessor, often a special purpose company (SPC) or partnership, purchases the aircraft through a combination of debt and equity financing, and then leases it to the operator. The operator may have the option to purchase the aircraft at the expiration of the lease, or may automatically receive the aircraft at the expiration of the lease.
Currently, approximately 10 percent of the worldwide fleet of private aircraft is for sale. That serves to keep prices down; however, the projected decrease in new private jet deliveries could bring an uptick in transaction prices on preowned aircraft, particularly over the next 2-3 years. Aviation consultants and industry professionals have also reported seeing a recent rise in the number of first time private plane buyers brought into the market by today's bargain prices for private jets.
In October 2017 Jetcraft forecasts 8,349 unit deliveries in the next decade for $252 billion, a 30.2 $M average. Cessna should lead the numbers with 27.3% of the deliveries ahead of Bombardier with 20.9% while Gulfstream would almost lead the revenue market share with 27.8% trailing Bombardier with 29.2%. For 2016-2025, Jetcraft forecasted Pratt & Whitney Canada should be the first engine supplier with 30% of the $24B revenue, in front of the current leader Rolls-Royce at 25%. Honeywell will hold 45% of the avionics $16B revenue ahead of Rockwell Collins with 37% and Garmin.