Aircraft
GJC: Q1 Bizjet Market Stays Strong Despite Iran Conflict
Global GDP grew, helping boost business jet departures, OEM backlogs
Gulfstream G700
Global Jet Capital touted a swell in business aircraft backlogs in the first quarter. (Photo: Gulfstream Aerospace)

Despite the geopolitical uncertainties, business jet market fundamentals remained healthy and demand strong with an increase in aircraft departures, growth in OEM backlogs, and stable preowned available inventory in the first quarter, according to Global Jet Capital’s (GJC) latest market brief.

In addition, the business jet financier is optimistic that the strong underpinnings of the economy is setting the industry up for continued health throughout the year. GJC noted that even with the conflict in the Middle East, the global economy sustained steady GDP growth of 2.7% in the first quarter.