Corporate buyers are returning to the business aviation sector in the wake of the coronavirus pandemic, swelling demand and driving up preowned aircraft values, according to Jetcraft’s preowned business jet market forecast released at EBACE 2023. The company's prognostication foresees continued demand in the coming years in both volume and value, despite a market correction in the current year as some business aircraft users that were added during the pandemic returned to using airlines now that the commercial aviation sector has mostly recovered.
Jetcraft reports that transactions reached $16.3 billion last year, with the corporate sector accounting for an increased proportion of 60 percent. “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 Jetcraft owner and chairman Jahid Fazal-Karim. “Videoconferencing technology served a purpose for all of us when the borders were closed, but business recognizes the value of in-person meetings.”
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