Aircraft
GJC: Bizjet Market Strengthens in Q3
Flight hours, backlogs, and transaction volumes were all up in Q3
Embraer Praetor jet
OEMs maintained book-to-bills above 1:1 in the third quarter. © Embraer

The business jet market further strengthened in the third quarter with OEM backlogs, departures, and preowned transaction volume all increasing year over year (YOY), while for-sale aircraft inventory stabilized, according to the Global Jet Capital (GJC) Business Aviation Market Brief released today. 

In the report, the financier notes that the market was on “solid footing” with strong fundamentals in the quarter. “These trends underscored the market’s stability and set the stage for continued momentum throughout the remainder of the year,” GJC said.