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
Advertisement
Latest News

Covid-19 and idle operators: A time to reflect, review and prepare

This is the time for operators to reflect and prepare for the post Covid-19 world, writes John Cauthen, aviation security director for MedAire and a member of the NBAA Security council.

Boeing to temporarily suspend 787 operations at its Boeing South Carolina plant

Boeing will temporarily suspend all 787 operations at its Boeing South Carolina (BSC) until further notice, starting at the end of Wednesday, April 8.

Airbus adapts commercial aircraft production in Northern Germany and Alabama

Airbus is temporarily adapting commercial aircraft production and assembly activity at its German sites in Bremen and Stade and pausing production at its A220/A320 manufacturing facility in Mobile, Alabama in the United States.

Skylegs delivers new solutions for immediate COVID-19 requirements

Skylegs, a flight operations specialist, has unveiled a first batch of operational features to help operators combat COVID-19.

25 million jobs at risk with airline shutdown

The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, of which, 2.0 million jobs are at risk in

Air Serv begins operations in Central African Republic

An Air Serv aircraft is on the ground in Bangui, Central African Republic (CAR) to support humanitarian operations there.

AVMENA20 SK14191020
See us at
AVMENA20 BT1309100620