What Happened
Private Aviation Industry Sees Strong Demand Through 2030
The business jet market is expected to see steady growth over the next five years, with total transaction volume reaching $247 billion by 2030, according to a forecast by Global Jet Capital. Despite geopolitical uncertainties, the industry is predicted to grow year over year, driven by sustained demand for business aviation and steady economic growth. The report notes that backlogs at major OEMs are significantly higher than five years ago, and new deliveries are expected to increase. This forecast was first reported by an unknown source.