Aircraft
U.S. Lender Sees New Models Creating Interest in Middle East
Trend for purchase of brand-new aircraft in the Middle East reversed in favor of preowned models in the past 12 months
Simon Davies, vice President, sales, UK, Middle East and India, Global Jet Capital
Simon Davies, vice President, sales, UK, Middle East and India, Global Jet Capital

Global Jet Capital, the U.S.-based business-jet finance concern founded in 2014, said the trend for purchase of brand-new aircraft in the Middle East had reversed in favor of preowned models in the past 12 months, but expects interest, particularly in new Gulfstream, Bombardier and Dassault large and super midsize models, to pick up soon.