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

IATA Regional Aviation Forum opens in Nairobi

The IATA Regional Aviation Forum in Nairobi was officially opened this morning by Aaron Munetsi, director of government and international affairs – AFRAA.

IATA Forum: The importance of air transport in Kenya

The International Air Transport Association (IATA) presented its latest study on the economic value of air transport and tourism to Kenya at the IATA Regional Aviation Forum in Nairobi and identified opportunities for significant

EgyptAir in codeshare with United Airlines

EgyptAir has entered a codeshare agreement with United Airlines.

Desert dust’s open season on engines

Maintenance trends in Africa map the prevailing weather conditions. During the Harmattan season, for example, MROs usually notice a spike in engine-related events.

Ethiopian launches ‘Feel Addis’ app

Passengers flying Ethiopian with layover between 8 and 24 hours in Addis Ababa are set to have their end-to-end layover experience transformed in a whole new way with the launch of the airline’s digitised transit package dubbed Feel

Benefits from pan-African outlook

African aviation is prone to frequent change, according to AJW group sales director, Hafsah Abdulsalam.

AVMENA20 SK1309100620
See us at
MEBAA BT2006260919AVMENA20 BT1309100620AVAFA20BT2207050320Dubai AS BT2006211119