Press Release

Inside the Global 6000.

Issued by Global Jet.

December 8, 2022

After an encouraging first half of 2022, Swiss-headquartered private jet operator Global Jet is proud to continue the growth in the second half with a 13% increase in the number of charter flight bookings, compared to 2021.

Travellers who tended to fly first class on commercial airlines have now gradually shifted to flying in private. Honeywell's recent survey showed approximately 74% of these new market entrants are planning to continue flying in 2023 at the same level as they did in 2022. This segment, which got used to more flexibility, more speed and more possibilities of reach, is more used to travelling with the small cabin jets category. The forecast for 2023 seems positive, with demand continuing throughout the year.

Global Jet's charter fleet has further expanded and now offers even more diversified aircraft types. The last few months have been proactive with the addition to its charter fleet of five new aircraft. Amongst these arrivals, it can count two Global 6000s, a PC24, a Boeing 737-700 and a Phenom 300.

One of the Global 6000s is particularly designed with a refined and bright interior. It is divided into three cabin zones, providing the maximum level of comfort. This Global 6000 has many special features for entertainment enthusiasts such as Bluetooth, Airplay, Chromecast and HDMI direct. This aircraft is also conveniently equipped with three iPads, Amazon prime and Netflix subscriptions already preloaded.

The second Global 6000 is configured to welcome 14 passengers in the utmost comfort. The forward cabin offers a club suite with four ergonomic executive seats followed by a four-seat meeting and dining area opposite a single seat. The aft cabin is arranged in a three-place divan opposite a two-seat club. Thanks to its dedicated crew area at the front of the aircraft, passengers will be able to enjoy further privacy during long-haul flights.

Global Jet is also proud to welcome a 2020 Pilatus PC24 to its charter fleet with its Spanish base at Andorra - Seu D'Urgell airport, close to the principality of Andorra. The aircraft is kept in a dedicated state-of-the-art new hangar equipped with solar panels. This brings also an opportunity to boost the Spanish market as this base will be very attractive and convenient for many clients. This elegant and refined Pilatus PC24 can accommodate up to eight passengers in extreme comfort. This aircraft is capable of landing on rough and short runways.

Adding to the new arrivals, Global Jet is also excited to announce that its one-of-a-kind Falcon 8X, available for charter, is the first aircraft equipped with EASy IV. the latest generation of avionics. The Falcon 8X just completed its technical upgrade in mid-November 2022. These new and improved features increase safety for passengers and make navigation easier above the ground. This new update also improves operational safety, enhances situational awareness and streamlines aircraft operations.

As the winter holiday season begins, Global Jet has already noticed a certain trend in its clients' destinations with the following top five locations: Seychelles, St-Moritz, Courchevel, Maldives and the Caribbean.

With regard to Global Jet's aircraft sales and acquisitions service, the year is ending with a flurry of activity with the majority of transactions successfully completed off-market i.e. awith the ircraft not available publicly. This is a segment in which Global Jet has built a reputation for performance both in terms of concluding transactions but also achieving high prices on behalf of owners.

Thanks to the ongoing strong demand from the US market for second-hand aircraft, Global Jet has managed to complete numerous transactions of long-range and wide-body aircraft from the leading aircraft manufacturers such as Airbus, Boeing, Bombardier, Gulfstream and Dassault. Many of the deals concluded this year have been referrals from existing clients and partners around the world. Aircraft types ranged widely whereas for the past decade the company has predominantly concentrated on selling and buying long-range aircraft. The team recently concluded a Pilatus 24 transaction as well as a Citation CJ3 and then on the opposite side of the spectrum, a stunning VIP commercial aircraft on behalf of a European buyer.

Overall, demand has remained strong throughout the year, and a number of clients even managed to realise gains by selling for more than they paid a few years ago. Global Jet has not seen this type of market for a while and it is unlikely this trend will continue. However, in the short-term it expects positive demand from the pre-owned segment since interest to acquire new is at its highest levels but manufacturers are quoting deliveries times of two to three years. Production levels have increased but they are struggling to source qualified labour and are experiencing continued supply chain issues.

The second half of 2022 has also been very fruitful for the aircraft management department. Global Jet is proud to announce five aircraft management and operations contracts have been signed since the summer 2022, two Global 6000, a Boeing 737-700, a Pilatus PC24 and a Phenom 300. Furthermore, the aircraft management team has announced already three new deliveries for early 2023 comprising two Global 7500s and a Citation CJ4.

The company continues to expand and enlarge its fleet with new types of aircraft. On reflection, 2022 has been a challenging year, however Global Jet expects steady growth in this market segment as new buyers enter the market in search of the highest levels of transparency and service.

July 2022 also marked another milestone for Global Jet's management team having obtained an internal Part 145 agreement. The process of being licensed for Part 145 is intensive, and following six months of auditing, the company is especially pleased to have this capability. Global Jet is one of the only ones to have this certification without any hangar. This means Global Jet can perform line maintenance. According to EASA Part 145, AMC 145.A.10, line maintenance should be understood as “any maintenance that is carried out before flight to ensure that the aircraft is fit for the intended flight.” This will increase flexibility, enhance all maintenance processes, gain speed and will allow new pilot trainings on some simple and basic tasks. This new Part 145 agreement certification demonstrates again Global Jet's high level of performance, and it represent further added value for its clients.

After going through other thorough application processes, the company has also obtained approvals to perform commercial flights into the following countries, Australia, Malaysia and Philippines. With increased charter demand coupled with various new long-range aircraft in its fleet, this will put Global Jet in a more competitive position.

After having previously obtained temporary dangerous goods approval and after continuous audit the operator has now obtained a permanent dangerous goods approval for its Boeing 737. Next to this, it is now also allowed to carry cargo on all its Aruban aircraft.

Internally, Global Jet has been active in developing and implementing the latest centralised software in different departments in order to gain efficiency, proactivity, speed, reduce mistakes and be completely paperless.