Gas holdup and liquid circulation time were measured in a down flow jet loop reactor for air–water system. It was observed that the circulation time decreases with an increase in nozzle diameter, draft tube to column diameter ratio and liquid velocity. Th gas holdup increases with an increase in gas and liquid velocities. The optimum draft tube to column diameter ratio was found to be 0.438. Correlations for gas holdup and circulation time involving operational and geometrical variables are presented. Copyright © 1991 Canadian Society for Chemical Engineering