News Release

Global Jet update on progress

Stronger than ever, the European leader in business aviation continues to grow in each of its core businesses: Aircraft Management, Charter & Brokerage, Aircraft Sales & Acquisitions, and Design & Completion.

CHARTER & BROKERAGE

Global Jet’s charter fleet offers an even more diversified range of aircraft types. Over the past several months, they have been diligently expanding their charter fleet, welcoming 7 exceptional aircraft. Among these new arrivals are an Airbus ACJ330, an Airbus ACJ320, a Bombardier Global 7500, a Global Express XRS, two Falcon 7Xs, and a brand-new Praetor 600, further enriching their diverse fleet selection.

Global Jet proudly maintains its reputation as a leading global operator of wide-body aircraft, boasting an expansive fleet of both Airbus and Boeing models, including their most recent additions: an Airbus ACJ320 and an Airbus ACJ330. Both aircraft are among the few available in the charter market. What truly sets these aircraft apart is their unique capability as the only private jets in the industry capable of accommodating commercial flights with up to 31 passengers, thereby establishing a groundbreaking standard in aviation.

Airbus ACJ320 Airbus ACJ330

The Global 7500, with its impressive capacity of 13 passengers, sets new standards in private aviation with a remarkable range of 7700 nautical miles, unmatched speed, and exceptional short and long field performance. Boasting reduced cabin altitude and incorporating the latest in cutting-edge technologies, passengers will experience unparalleled comfort and luxury on board. Meanwhile, the Global Express XRS, accommodating up to 14 passengers, features state-of-the-art amenities including Ka-band internet connectivity and exceptional long-range capabilities, ensuring an extraordinary travel experience for discerning passengers.

The Falcon 7X jets are specifically designed with refined and unique interiors. Accommodating up to 12 passengers, they boast a versatile configuration tailored to the diverse preferences of their clientele. The cabin layout surpasses conventional designs, offering a blend of individual seating for productivity, relaxing lounge areas, and adaptable meeting spaces for both professional and leisure engagements. In addition to their distinctive layout, these latest additions are equipped to deliver an outstanding flying experience. Based in Nice & Paris, the Falcon 7X jets prove to be the ultimate solution to meet the high demand for charter services in these regions. Their presence in these hub locations not only enhances our accessibility but also ensures that we can readily meet the growing demands of our esteemed clients.

Expanding our presence in Spain

Global Jet is expanding its charter team in Madrid and has hired a new member who joined in May. This new member will play an essential role in strengthening their charter operations in Spain. This growth comes as a result of their outstanding performance, with their charter business doubling in size since June 2023. They are delighted to see more direct clients choosing Global Jet Spain for their travel needs, and they remain committed to providing exceptional services and unforgettable experiences to all of their valued customers.

AIRCRAFT SALES & ACQUISITIONS

The conclusion of 2023 saw a number of transactions, highlighted by the sale of a Gulfstream 650 and a Falcon 7X. Furthermore, 2024 started with a higher level of activity compared to 2023, including selling a Falcon 2000LX, another Falcon7X, two Global Express XRS’s, and a Falcon 900DX Easy. They can see positive activity, with many buyers moving forward with acquisitions following a period of "let's see where prices will be at year- end." The growth is further driven by market confidence, technological advancements, and changing consumer behaviours.

Significant investments, such as fractional provider contracts with the OEMs, indicate good market health and confidence. Honeywell's Global Business Aviation Outlook projects a demand for up to 8,500 new business jets valued at $278 billion over the next decade, underscoring sustained interest in fleet expansion and a shift towards sustainability, with operators implementing methods to reduce their carbon footprint, including the adoption of Sustainable Aviation Fuels (SAF).

Regionally, North America continues to lead the market, while the EMEA and Asia-Pacific regions exhibit diverse dynamics. Europe is focused on maintaining older fleets and adopting green initiatives, while the Middle East and Africa show a rise in demand for new, large-cabin jets. The Asia-Pacific region, particularly Malaysia, Indonesia, and Korea, is emerging as significant players with a growing affluent class driving demand for private jets. The economic impact of the private jet sector is substantial, contributing significantly to job creation and industry growth. It supports a wide range of businesses, from manufacturers to MRO services, and plays a crucial role in global business dynamics by enabling rapid, flexible, and efficient travel for business leaders. This influence is particularly evident in emerging markets like Latin America and Southeast Asia, where economic growth is leading to increased high-net-worth individuals and a rising interest in private aviation, despite challenges such as limited infrastructure and regulatory hurdles. With a robust pipeline of projects for the coming months, Global Jet is well-positioned to meet your aircraft buying or selling needs. Stay tuned for more updates as they expand their portfolio and continue redefine the standards in aircraft sales.

AIRCRAFT MANAGEMENT

The outset of 2024 has proven highly productive for the aircraft management department. Global Jet is pleased to announce the signing of 7 Aircraft Management and Operations contracts since autumn 2023. These include a Challenger 300, a Praetor 600, a Falcon 900LX, a Falcon 7X, a Global 7500, an Airbus ACJ320, and notably, a Boeing 747-800. Global Jet elevates its standing in the aviation industry by introducing the only VVIP Boeing 747-800 to its fleet. Entrusted with managing the most significant aircraft, this move pushes Global Jet to a new level of prestige and capability, setting a higher standard for excellence in private jet management after already operating the VVIP Boeing 787 Dreamliner, the Airbus VVIP 340, and the Airbus VVIP 330.

Furthermore, the aircraft management team has already announced 10 new aircraft in the pipeline, including the delivery of three brand-new Gulfstream 700.

Global Jet is one of the exclusive operators worldwide, possessing a remarkable fleet of six Global 7500 aircraft. With their extensive fleet of Global 7500s, they offer discerning passengers an exceptional experience marked by unmatched comfort, cutting-edge technology, and unparalleled range.

On the operational and safety side, they proudly announce two ground breaking advancements at Global Jet that further solidify their commitment to safety and excellence. Firstly, they have obtained the prestigious IS-BAO certification level 3; only a handful of companies have achieved this distinction! Additionally, they are excited to introduce their automatic integration with PNRGO, streamlining processes and enhancing efficiency for their valued clients. With PNR-GO, they implement rigorous screening measures to examine individuals against various lists, prioritizing safety protocols, primarily when chartering aircraft to third parties.

Internally, Global Jet has been actively developing new software that will bring significant added value to our clients.

They are thrilled to share some recent achievements from their HR department. With over 200 integrations across all departments, they welcome outstanding new members to their team. Their rigorous selection process has seen 20700 applications processed, reflecting the commitment and competence of professionals joining their company. Additionally, their career site has seen an impressive turnout with 53156 visits, showcasing the growing interest in opportunities at Global Jet.

DESIGN & COMPLETION

In December 2023, Global Jet Completion Management proudly celebrated the redelivery of a stunning new cabin for a BBJ Max 8 to its owner. With meticulous supervision throughout the entire completion process, their team ensured that every detail was perfected to exceed expectations. They were thrilled to see their client delighted with the outcome.

Additionally, their special projects department was glad to share the successful redelivery of an Airbus ACJ320 to its owner after completing KA installation, conducting minor refurbishments, and modifying the In-Flight Entertainment (IFE) system.

Finally, the Global Jet Completion department has been tasked by an owner to oversee a new project involving the VVIP completion of an Airbus A320Neo. This project encompasses the entire process, from the aircraft's delivery from Airbus to its final redelivery after outfitting.

These achievements reflect once again their commitment to excellence and their dedication to delivering unparalleled quality and service to their clients.

These advancements underscore their dedication to meeting the evolving needs of their clients and solidifying their position as a leader in all fields. They look forward to continued growth and success in the future.