Singapore set to see influx of private jets worth $1 billion, new research reveals

Darren Wood
By Darren Wood June 14, 2019 10:11

Singapore set to see influx of private jets worth $1 billion, new research reveals

New analysis from aviation finance specialists Shearwater Aero Capital reveals that as many as 29 new private jets could be delivered to Singapore between now and 2025. The cost of these aircraft could be in the region of $1 billion.

The company’s analysis reveals that the country currently has a fleet of around 52 business jets, and 41 of these are classified as heavy or large.  Four of the jets are medium sized, and seven are classified as light – these represent some of the smallest aircraft models.

Chris Miller, managing partner, Shearwater Aero Capital, said: “Singapore is a very attractive market for business aviation finance companies like ours.  It has larger, more expensive aircraft than other countries, and like the rest of Asia, it is waking up to the benefits of using financing to purchase business aircraft as opposed to just paying cash.”

Shearwater Aero Capital provides asset-based financing options to help clients purchase new or pre-owned business aircraft by securing the aircraft as collateral and intelligently managing the asset to preserve its value.

Last year was Shearwater’s strongest yet accounting for 60% of the company’s business since its launch in 2014. Last year, its average loan size was approximately $7 million.  It has provided loans from $1.5 million to $15 million for a range of aircraft from a Hawker 400 XP to a Bombardier Global 5000 and financed clients from Asia, the Middle East, Africa and the US.

Darren Wood
By Darren Wood June 14, 2019 10:11