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30th August 2017
Global Jet Capital (GJC) believes there will be "continued growth for the next five years" in the business aviation market.
The company said it expects $195bn "in total transaction volume of new and pre-owned transactions between 2023 and 2027".
“As expected, we have seen a levelling 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," said Andrew Farrant, chief marketing officer.
"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,” Farrant added.
"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 favours more international travel," GLC said, witb North America expected to remain the largest business jet market, ahead of Europe.