Airbus Research Highlights Factors Driving New Business Jet Acquisitions | Aviation International News

Airbus Research Highlights Factors Driving New Bizjet Buys

Buyers want lower operating costs, greater fuel efficiency, and new technology

ACJ TwoTwenty business jet — Airbus Corporate Jets, which makes the new ACJ TwoTwenty ultra-large, long-range aircraft, says U.S. customers are poised to refresh fleets of aging aircraft.

By Charles Alcock • Managing Editor

May 7, 2024

Improved fuel efficiency, lower operating costs, and better onboard technology are the main factors driving business aircraft acquisitions, according to new research commissioned by Airbus Corporate Jets (ACJ). The European manufacturer recently surveyed senior executives from large U.S. companies that already own or lease business jets.

ACJ has also analyzed industry data from JetNet, concluding that the average age of business aircraft in the U.S. is 18 years and six months, while in 11 of the 50 states, the average is 20 years or older. “Our analysis shows that a significant number of business aircraft in the U.S. are older, and many of their owners will be looking to replace them with newer, more efficient models,” concluded Sean McGeough, vice president of commercial for ACJ in North America. “The level of innovation and development in the larger business aircraft segment has been staggering, and this bodes well for this market.”

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