Finance, Taxes, Insurance
Global Jet Capital Predicts Bizjet Pullback before Climbout
The business jet market is taking a breather after a rapid buildup during the Covid pandemic, according to Global Jet Capital.

In its third annual Business Jet Market Forecast—released on Monday at EBACE 2023—Global Jet Capital expects continued growth for the next five years in preowned business jet transactions and new deliveries. But that is tempered by what it characterizes as a “leveling off from the unprecedented demand that our industry experienced post-pandemic.”

The news isn’t bad for the business aviation market, according to chief marketing officer Andrew Farrant. “Most OEMs have strong backlogs and should see improvements in supply-chain challenges that limited deliveries in 2022 and so far in 2023. Preowned 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.” 

Loading…