Africa's private-jet fleet is poised to grow more than 25 percent in the next eight years, with each of the continent's regions seeing a net increase, a new Global Jet Capital (GJC) analysis projects.
The analysis, unveiled in conjunction with the African Business Aviation Association Conference and Exhibition (AfBAC) this week in Johannesburg, South Africa, sees Africa's private jet fleet growing from 408 today to 520 in 2025. Southern Africa will lead the growth, seeing its fleet expand by a net total of about 40 aircraft, to 184, in the next eight years. West Africa will see its fleet climb from 97 to 124; North Africa from 79 to 101; Central Africa from 59 to 75, and East Africa from 29 to 37.
Africa's fleet growth will be driven by an estimated 160 new-aircraft deliveries valued at about $3.9 billion, including $1.4 billion backing aircraft headed to Southern Africa.
Ensuring operators have sufficient financing options is one of the major topics being discussed at AfBAC, GJC 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,” said Simon Davies, GCJ vice president-sales, for Africa and the Middle East. “It is critically important that clients are able to access financial support in order to continue to develop the African business aviation fleet.”