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

Green Africa Airways has appointed Joshua Koshy

Green Africa Airways has appointed Joshua Koshy as its founding chief financial officer (CFO).

Dassault Aviation signs a binding agreement to acquire ExecuJet’s MRO operations

Dassault Aviation and Luxaviation announced today the acquisition by Dassault Aviation of the worldwide maintenance activities of ExecuJet, a Luxaviation subsidiary.

Gulfstream G280 sets city-pair record on renewable fuel

Gulfstream Aerospace has reaffirmed its commitment to sustainability by using sustainable alternative jet fuel (SAJF) to power a record- breaking flight by its class-leading super-midsize Gulfstream G280 aircraft.

Mango Airlines to install Split Scimitar Winglets on Boeing Next Generation 737-800 fleet

Aviation Partners Boeing (APB) has announced that South Africa's Mango Airlines has ordered its latest Split Scimitar Winglet technology for its Boeing Next Generation 737-800 fleet.

SAA appoints Vusi Pikoli to its leadership team

South African Airways (SAA) has appointed Vusi Pikoli to its leadership team.

Acropolis Aviation takes delivery of first ACJ320neo

Acropolis Aviation of the UK has taken delivery of the first ACJ320neo, which features new-generation engines and Sharklets to deliver a leap forward in range and economy.

AVAFA19 SK0201280219
See us at
AviAssistBT201218280219AviationAfrica_BT0607280219AirCargoAFA_BT220318210219