What Happened
Five-Year Forecast Predicts Strong Growth in Private Aviation
According to Global Jet Capital’s 6th annual Business Jet Market Forecast, global business jet transactions are expected to approach a quarter of a trillion dollars over the next five years. The forecast predicts a growth rate of 4.1% per annum, with heavy jet demand rising at the fastest rate. North America is expected to remain the largest market, followed by Latin America and Europe. The forecast is supported by increasing order backlogs, resilient economic growth, and continued wealth creation worldwide, as reported by AeroTime.