New research from Global Jet Capital, a global provider of financing solutions for corporate aircraft, reveals there are around 73 mid to large private jets for sale in the Middle East, with a combined value of around $939 million.
Key findings include:
• Some 26 of these aircraft are registered in the United Arab Emirates, and 23 are in Saudi Arabia. The remainder is spread out across the Middle East.
• The findings reveal that in total, there are around 732 midsize, large and airliner-sized private jets in the region, meaning that around 10% of the fleet is currently on the market for sale.
• Global Jet Capital says the bulk of these purchases will be based on leases and loans.
• The aircraft Global Jet Capital funds typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing.