in Aerospace

Colibri Aircraft sees increase in first-time private jet buyers

Posted 10 October 2017 · Add Comment

London based Colibri Aircraft, which specialises in marketing, resale and purchase of pre-owned private aircraft, has reported it has seen a dramatic increase in the number of clients buying a private jet for the first-time.



Some 21% of the pre-owned aircraft it has sold this year have gone to first-time buyers, a 50% increase on 2014(1). The average price of a jet it’s sold to a first time-buyer in 2017 is $3.68 million.

The overall increase in first-time buyers has also contributed to a rise in the number of pre-owned private jets being sold. New analysis by Colibri Aircraft reveals that globally 1,103 pre-owned jets have been sold this year so far compared to 979 for the whole of 2016.  For Europe alone, the corresponding figures are 89 and 95.

The company believes the growing number of first-time buyers is being fuelled by the rapidly increasing number of high net worth individuals, the falling price of jets across all segments and the big increase in people chartering private jets for the first time and then deciding they want their own aircraft instead.

Last month was the busiest ever August for business aviation activity in Europe when there were 78,785 departures, a rise of 5.5% year on year. By August 2017, London had seen a 9.3% year-on-year increase in business aircraft departures.

Oliver Stone, Managing Director, Colibri Aircraft said: “There is a rapidly increasing number of high net worth and ultra-high net worth individuals, and this means a bigger base of potential private jet owners.  In Europe, there are around 3.94 millionaires and this is set to increase by 11% to 4.36 million by 2016.

“All of this is leading to more people chartering private jets and for some of those that do this, they eventually decide they want to own their own aircraft.”
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Smiths Detection to enhnce security at Japan's Narita Airport

Smiths Detection has been selected to supply innovative solutions for people screening and search functions in Tokyo's Narita International Airport.

Air Mauritius takes delivery of its first A350 XWB

Air Mauritius has taken delivery of its first Airbus A350-900 aircraft, opening a new chapter for the Indian Ocean carrier. The aircraft, leased from AerCap, was delivered during a ceremony held in Mauritius today.

Maycast-Nokes wins National Apprenticeship Award

Maycast-Nokes has won the Medium Employer Of The Year 2017 (East of England) at the regional final of the National Apprenticeship Awards 2017.

Global airport industry climate action surpasses 200 airports

At this year's ACI World & Africa Annual General Assembly (WAGA) hosted by Airports of Mauritius Co, the global airport industry issued an update on the progress it has been making in addressing its CO2 emissions, through the

Rolls-Royce Trent 7000 powers A330neo first test flight

The Rolls-Royce Trent 7000 has successfully powered the new Airbus A330neo into the skies for its first test flight today.

Crawley Borough Council approves Boeing Gatwick hangar

Boeing's proposed plan with Gatwick Airport to build a new aircraft hangar has been granted permission to go ahead by Crawley Borough Council, with full works scheduled to commence later this year.

Aviation Africa SK18418
See us at
FIL18 BT111017220718SMI FAV BT1007161117Advanced Engineering BT1007021117Aviation Africa BT18418SMI AirMissBT0305251017SMI MilSat BT2907101117