Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

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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.&nbsp;
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.
Broadly, global economic growth slowed to 2.7% in the third quarter, down from the 3% average in the first half. But the quarter was stronger than anticipated, and consumer spending and business investments proved resilient, all of which have led economists to up their estimates of future growth.
In tandem, business jet departures climbed 5.1% YOY in the third quarter and are up 3.2% in the first nine months. Business jet backlogs swelled by 12.1% in the quarter, reaching $51.1 billion, and now stretch 18 to 24 months for most models.
Preowned sales activity recovered from the softness in the second quarter and increased 16.3% YOY in the third quarter. Aircraft availability inched down slightly from 7.8% of the fleet in third-quarter 2024 to 7.6% in the most recent quarter. Newer aircraft values rose 0.2%, but older aircraft values slid by 3.7%.

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GJC: Bizjet Market Strengthens in Q3

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The business jet market saw gains in flight hours, transactions, and backlogs in the third quarter, Global Jet Capital reported.

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