Aircraft
Global Jet Capital: Bizav Market Stable in 4Q2024
Company's latest Business Aviation Market Brief showed flight operations rising 2.4% year over year
NasJet Gulfstream G450
The business jet market remainsresiliant, with flight operations rising 2.4% year over year (YOY) in the recent fourth quarter. © NasJet

Business aviation demonstrated continued resilience in the fourth quarter, marked by increased flight operations and strong manufacturer backlogs, according to Global Jet Capital’s latest Business Aviation Market Brief. Flight operations rose 2.4% year over year (YOY) in the quarter, while OEM backlogs reached $48.5 billion—a 7.2% YOY increase.

The report highlights a notable shift in market dynamics, with preowned jet inventory at 7.5% at the end of 2024, up from 6.9% a year earlier but still below the decade’s average of approximately 10%. Availability of younger aircraft tightened further, with 12-year-old and newer aircraft declining from 5.6% to 5% quarter over quarter.

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