Global Jet Capital has announced the opening of a new regional office in Hong Kong, to further enhance its growth strategies and meet increased demand across Asia Pacific.
The company estimates that over the next 10 years, 581 new mid to heavy business jets could be delivered across Asia Pacific, with a combined estimated value of $20.9 billion.
Dave Labrozzi, chief operating Oofficer at Global Jet Capital, added: “Our new Hong Kong base reflects Global Jet Capital´s continued commitment to the Asia Pacific region. With our permanent presence in Hong Kong and our newly expanded team we look forward to continuing to provide dedicated support to our clients and growing Global Jet Capital´s footprint in the region.”
The new office is based in Hong Kong’s Lippo Centre, situated in the heart of Admiralty. Its team will bring Global Jet Capital’s full-service to clients through local legal and underwriting capabilities. This will be led by by Violet Kwek, sales director for Greater China and North Asia at Global Jet Capital.
Ms Kwek said: “The opening of this new office in this rapidly growing market is a pivotal step in our expansion strategy across Asia. As one of the world’s most globally-connected cities, Hong Kong represents a major strategic location for business aviation in Asia Pacific and our dedicated presence in Hong Kong will be vital to capitalize on the huge opportunities that this key market has to offer.”
By 2028, the company expects to see over 2,200 mid to heavy used aircraft transactions valued at more than $13 billion.
The company estimates that there were roughly 364 new and used transactions involving mid to heavy private jets in Asia Pacific between 2015 and 2018, with a combined value estimated at nearly $12 billion.