Finance, Taxes, Insurance
Global Jet Capital Sees Bizjet Market Stabilization
Aircraft financier sees bizjet market settling down
jet on FBO ramp
Following a post-Covid period of exceptional private aircraft demand and usage, the industry appears to be settling down to a new period of stability according to Global Jet Capital. (Photo: Curt Epstein/AIN)

Following two years of very strong growth, the business jet market is now in a period of stability, according to Global Jet Capital’s (GJC) newly released market brief.

In the second quarter, OEM backlogs rose by 8.6 percent year-over-year, to $50.8 billion. Though the pace of orders has slowed from the heights seen last year, they still remain in line with historic levels and deliveries. The financier noted that the tempo of transactions decreased in the first half of 2023, a condition it attributed to slower-than-expected deliveries of new aircraft resulting from supply-chain bottlenecks and a decline in the preowned segment as the market adjusts following a superheated 2021 and 2022.

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