Aircraft
Global Jet Capital: Bizav Market Continues To Normalize
Says industry is well positioned to weather any future economic downturn
GJC has found market resiliency with new orders remaining strong and production increasing.
GJC has found market resiliency with new orders remaining strong and production increasing.

The business jet market remained resilient in the second quarter of the year despite declining flight hours and increased inventory levels compared with a year ago, according to Global Jet Capital’s (GJC's) Q2 Business Aviation Market Brief released this week.

The lender noted that in the second quarter, OEMs reported strong order intake and a nearly 2% backlog growth, while flight operations rose by 6% over the first quarter of this year and departures remained 14% above the second quarter in pre-Covid 2019. “Due to the industry’s inherent value proposition—including personal safety, flexibility, productivity, and comfort—there has been a systemic expansion of the user base with a substantial proportion of these new users continuing to utilize business aviation in 2024,” GJC stated.

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