in Business & Finance

160 new aircraft set to be delivered to Africa by 2025

Posted 29 November 2017 · Add Comment

To coincide with Africa's first African business aviation conference and exhibition (AfBAC), which runs from 29th November to 1st December in Johannesburg, South Africa, new analysis of industry data by Global Jet Capital, a global leader in financial solutions for private aircraft, reveals that the continent's business jet market is set for significant growth.

The company predicts that the African private jet fleet will grow by more than 25% by 2025, with 160 new aircraft being delivered to the continent.  These aircraft are forecast to have a total value of around $3.9bn, or just under $500m per year. 

A key driver behind this growth will be the southern Africa region which is expected to account for around a third of all the jets based in the continent. 

 

Region

Private jet fleet size, 2017

Anticipated private jet fleet size, 2025

Southern Africa

145

184

Western Africa

97

124

North Africa

79

101

Central Africa

59

75

Eastern Africa

29

37

All Africa

408

520

 

The total value of the jets to be delivered to southern Africa by 2025 is predicted to be around $1.4bn.  One of the big challenges in ensuring these forecasts are met and that Africa benefits from the advantages of business aviation is to have the financing solutions available to support aircraft acquisitions. 

This will be a major focus of AfBAC this week in Johannesburg, arguably the key business aviation hub on the continent and thus the perfect location to host the event.  

Simon Davies, VP Sales, Middle-East and Africa for Global Jet Capital, will be speaking at AfBAC on how the industry can maximize its potential and stimulate demand.  

Davies said: “We recently carried out research amongst business aviation professionals which showed that more than three quarters expect the demand for aircraft financing to increase in the next five years.2  It is critically important that clients are able to access financial support in order to continue to develop the African business aviation fleet.” 

“We are seeing a growth in global demand for operating leases, which have the advantage to the operator of placing the residual risk of the aircraft with the lender rather than the lessee.  We expect to see this trend in African markets as well and look forward to discussing these options at AfBAC this week.”

 

Simon Davies, VP Sales, Middle-East and Africa for Global Jet Capital

* required field

Post a comment

Other Stories
Latest News

More than 41 million passengers pass through South Africa’s main airports

The Aviation Barometer has released passenger traffic through Airports Company South Africa’s network of nine airports.

Cooperation is the key to a safer future for everyone

Airspace, safety and security are key issues for the Middle East and North Africa. The United Nations body for civil aviation, ICAO, has its regional headquarters in Cairo, where Alan Peaford met regional vice president, Mohamed Rahma.

Ethiopian holds autism awareness panel discussion ‘Flying with Autism’

Ethiopian Aviation Academy (EAA) conducted a half-day Autism Awareness panel discussion on May 11, 2018 at EAA Auditorium under the theme “Flying with Autism”.

Madagascar airports turn ‘green’

Combining sustainable development and a fresh business approach, the Malagasy airports development project is well under way with the new terminal building at Antananarivo-Ivato International Airport due to open early in 2020.

Ethiopian to start direct flights to Jakarta

Ethiopian Airlines will launch thrice weekly flights to Jakarta, Indonesia as of July 17, 2018.

Why drone use is different in Africa

The African unmanned aerial vehicle (UAV) market is interesting in comparison to other regions of the world, with less dominance on the military use of such technologies and more emphasis on the humanitarian benefits. Beth Stevenson

Routes African SK1505180718
See us at
AirCargoAFA_BT220318210219AAD2018 BT