Global Jet Capitalreleased its annual Business Jet Market Forecast today. In the updated report, the company projects continued growth for the next five years. The forecast also contains insights and projections for the business aviation market through 2027, including breakdowns of new deliveries and pre-owned transactions. The high level of detail in the report is based on outputs generated by Global Jet Capital’s proprietary transaction forecast model.
Andrew Farrant, Chief Marketing Officer, commented: “As expected, we have seen a leveling off from the unprecedented demand that our industry experienced post-pandemic, but looking ahead, we see a steady growth pattern for both new and pre-owned aircraft. Most OEMs have strong backlogs and should see improvements in supply-chain challenges that limited deliveries in 2022 and so far in 2023. Pre-owned transactions continue to return to rates more in line with historical trends and are expected to pick up in 2024 and beyond to reflect increasing demand from new aircraft models”
Based on its econometric top-down model, Global Jet Capital projects $195 billion in total transaction volume of new and pre-owned transactions between 2023 and 2027, with a compound annual growth rate of 3.1 percent during that time.
In the report, the company forecasts that deliveries of all size categories will increase during the period, but heavy long-range jet demand should increase at faster rates than other sizes as demand favors more international travel. North America is expected to remain the largest business jet market over the next five years, with Europe remaining the second largest market. Latin America is also forecasted to continue its important pre-owned market interest.
Global Jet Capital believes that the projections contained within the forecast are a useful tool for individuals and organizations navigating the business aircraft industry. To download the Market Forecast, visit: https://www.globaljetcapital.com/forecast-2023
Marking a significant industry milestone, Garmin has delivered its 1,000th G1000 integrated flight deck retrofit for a King Air aircraft. The program has helped redefine cockpit modernizatio...
Viasat, a global leader in satellite communications, has enhanced its JetXP business aviation connectivity service with a simplified three-tier plan structure and, for the first time, publis...
From Learjets and Challengers to turboprops such as the Pilatus PC-12, different aircraft bring different capabilities to a medical flight. Sebastian Demiet, COO of MTI 24/7, explains why aircraft sel...
AEE Aircraft Electronic Engineering GmbH and Horizon Aircraft have joined forces to integrate advanced avionics capabilities into the Cavorite X7 hybrid-electric eVTOL programme. Throug...
