US financial solutions company Global Jet Capital (GJC) is to open a new and larger regional office in Zurich. This will help the company to meet the growing demand for business aviation financing solutions and enhance its growth strategies across Europe.

GJC estimates that over the next 10 years, as many as 821 new mid to heavy business jets with a combined estimated value of US $30.6 billion could be delivered across Europe. Over the same period, the company expects to see a great deal of movement in the pre-owned sector, with over 4,058 mid to heavy used aircraft transactions valued at over $16.3 bn. Between 2019 and 2028, the value of new deliveries to Europe will represent 14.6 per cent of the global total, making the region the number two market in the world, behind North America, based on Global Jet Capital analysis of JetNetiQ's Q4 2018 forecast.

GJC estimates that there were around 782 new and used transactions involving mid to heavy private jets in Europe between 2015 and 2018, with a combined value estimated at nearly $19.1 bn based on its analysis of JetNet data. Overall, there are currently just over 2,300 medium and heavy jets based in Europe, worth an estimated $24.6 bn.

Global Jet Capital's new office is located at Stockerstrasse 43, Zurich, with the team being led by sales director for continental Europe Alexandra Asche. She says: “We are delighted to announce the opening of our new office, which underpins our ambition to expand our operations in Europe. With its strategic geographical location, modern infrastructure and political and economic stability, Zurich is the ideal gateway to Europe. Our new location and expanded team will allow us to provide an even better dedicated service to our European clients and we are excited about the opportunities it presents.”

Chief operating officer Dave Labrozzi adds: “The opening of our new Zurich location broadens the reach of our operations in continental Europe and will be invaluable to our ongoing expansion in the region. Europe is one of our key markets and our full-service presence in Zurich will enable us to offer a heightened level of support to our clients' needs.”