Analysis of industry data by Global Jet Capital, which specialises in financial solutions for private aircraft, reveals over 150 new business aircraft could be delivered to Europe this year, worth more than $5 billion. Over 13% of these deliveries (21 aircraft) could go to the UK, it says.
With an improving economy, Global Jet Capital sees the EU as a growth market and expects finance to become more readily available to help those wanting to buy business aircraft.
New research from the company amongst 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, chief executive officer 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.”