Rapid growth of Asian-registered fleet of new aircraft represents
compelling business opportunity
RALEIGH, NC, Feb. 1, 2012 /CNW Telbec/ - Jetcraft Corporation, a
provider of business aircraft sales, acquisitions, trading and
brokerage services, today commented on the state of the business
aviation market in Asia.
"Few would dispute that Asia is one of the hottest markets for sales of
new long range/large business aircraft," says Chad Anderson, President,
Jetcraft Corporation. "Looking at our sales figures for 2011, Jetcraft
sold about a 20% new and 80% pre-owned mix of aircraft worldwide - with
most new aircraft sales going to clients in China, Singapore, Malaysia
and Indonesia. We expect sales of new business jets in the region to
remain an important part of our business going forward. However, we are
also looking ahead to best position Jetcraft to participate in the
pre-owned market that will inevitably emerge - particularly in China.
Additionally, an increased presence in Asia is a logical extension of
our growth strategy, which has taken us to Europe, Russia and the
Middle East in the past four years. Following the opening of our
Zurich, Switzerland office last year, we now look forward to making a
major announcement about our presence in Asia," adds Mr. Anderson.
"We believe that there is a very compelling trend taking shape in Asia
beyond the short-term opportunities," continues Jahid Fazal-Karim,
Co-Owner and Board Member, Jetcraft Corporation. "As the number of new
business aircraft based in Asia begins to grow, we can anticipate a
replacement/upgrade cycle within the next three to five years. The
inevitable consequence of this cycle will be an inventory of
locally-operated pre-owned business aircraft. Most of these aircraft
will be long range/large models, including: Bombardier Globals and
Challengers, Gulfstreams, Dassault Falcons, etc. Furthermore, we
believe that as this inventory reaches the market, it will present
attractive opportunities for our clients - not only to purchase
pre-owned aircraft within or from Asia but also to sell upgrades.
Traditionally, the Asian market has favored new aircraft. But, we
believe that a growing inventory of relatively-new, high-quality and
locally-certified aircraft will attract buyers. This emerging trend
further validates Jetcraft's strategic decision to increase our
presence in Asia, not just for the short term, but for years to come,"
concludes Mr. Fazal-Karim.
About Jetcraft Corporation
Jetcraft Corporation is an international leader in new and pre-owned
business aircraft sales, acquisitions and trades. Headquartered in
Raleigh, NC, Jetcraft has sales offices/representation in five US
cities; Basel and Zurich (Nov. 2011), Switzerland; Dubai, UAE and
Moscow, Russia. The company's 50-year-plus track record in aircraft
transactions has earned it a world class customer base and one of the
strongest global networks in the industry. Jetcraft Avionics LLC, a
subsidiary of Jetcraft Corporation, provides distribution of Enhanced
Flight Vision Systems (EFVS) for aftermarket business and wide body
aircraft using Elbit-Kollsman's state-of-the-art EVS-II and AT-HUD. For
more information, please visit www.jetcraft.com.
Visit Jetcraft at the Singapore Airshow, February 14 - 19, booth V96.
Jetcraft will also present the following aircraft at the static
2007 Gulfstream G450
2000 Bombardier Global Express - pending final confirmation
SOURCE Jetcraft Corporation
For further information:
For more information, or to schedule an interview with Chad Anderson or Jahid Fazal-Karim, please contact:
For Jetcraft Corp.
Mobile: (514) 576-2519