Aircraft
GJC: Q1 Bizav Market Metrics Improve Despite Uncertainty
Flight ops, deliveries, preowned transactions, and backlogs strengthen in Q1
Gulfstream G700
The Gulfstream G700 helped boost delivery and dollar volumes in the first quarter. © Gulfstream Aerospace

Nearly all metrics surrounding the business jet market strengthened in the first quarter, positioning the industry for a solid year despite the uncertain economic environment, according to financier Global Jet Capital (GJC). Releasing its latest Business Aviation Market Brief this week, GJC noted that flight activity, OEM backlogs, deliveries, and preowned transactions increased year over year (YOY) while inventories remained stable.

Flight operations were up 2.4% YOY, a result that GJC said reflects “an enduring expansion in the user base for business aviation.” North America led this growth, but operations outside the U.S. still increased despite prevalent geopolitical tensions. Fractionals continued to experience the most growth in operations.