Alternative Market Briefing

95% of US hedge funds, private equity firms with private jets plan upgrades amid rising focus on efficiency

Thursday, October 24, 2024

Matthias Knab, Opalesque:

A study commissioned by Airbus Corporate Jets (ACJ) reveals that more than nine out of ten (95%) U.S. hedge funds and private equity firms that own private jets are considering upgrading their aircraft in the next five years.

The main reason for this trend is a growing focus on operational costs, highlighted by 69% of respondents. This is followed by 52% that say it is because newer, more fuel-efficient models have recently launched.

Reason for considering upgrading their business aircraft Percentage of U.S. hedge funds and private equity firms citing this reason A growing focus on operational costs 69% Newer/better/more fuel-efficient models have recently launched 52% Need for larger aircraft to accommodate more company executives 47% Residual value considerations 36% Need for bigger aircraft that can fly farther without the need to refuel 22%

Some 95% of U.S. hedge funds and private equity firms that own or use private jets say the reputation of the aircraft manufacturer is a key consideration. Nearly all (98%) say its value retention is important, with 36% saying it is extremely important.

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