GJC Analysis Points to Softening Business Jet Demand after Post-Covid Highs | Aviation International News

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GJC Sees Softening Bizjet Demand after Post-Covid Highs

According to market analysis by aircraft financier Global Jet Capital, business jet demand in the EMEA region is facing more headwinds.

Robert Gates, head of international sales, Global Jet Capital — Robert Gates, head of international sales at Global Jet Capital. (Photo: Global Jet Capital)

By Peter Shaw-Smith • Contributor - Middle East

May 22, 2023

Business jet demand in Europe, the Middle East, and Africa (EMEA) faces an inevitable slowdown after the disruption of the coronavirus pandemic and the onset of increased global economic uncertainty, Robert Gates, head of international sales at aircraft financier Global Jet Capital (GJC), told AIN.

He believes the past two years have been strong for the business jet industry. Many new users entered the market following the lifting of Covid-19 lockdowns, while established users also continued purchasing aircraft. The result was a surge in orders for new aircraft, increased activity in the preowned market, higher aircraft usage, decreased preowned inventory, and a strong pricing environment.

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