An industry forecast suggests there will be continued growth in the business jet market over the coming years.
“The return of the corporate buyer proves what we’ve always known: the continued importance of face-to-face interactions in the relationship world of business,” said Jahid Fazal-Karim, Jetcraft owner and chairman of the board.
A new report by Jetcraft showed transaction values hitting a record $16.3bn in 2022.
“Video conferencing technology served a purpose for all of us when the borders were closed, but businesses recognise the value of in-person meetings," said Fazal-Karim, who predicted from next year "values will stabilise at above $15.4bn annually, due to an increase in the total transaction volume, retirement of a significant portion of Light Jets from the under 25-year-old pre-owned fleet, and a higher share of larger jets entering the market.”