What Happened
Private Aviation Market Projected To Reach US$48 Billion By 2034
Eclipse Air Charter is marking its 10th anniversary as the global private jet charter market enters a period of significant growth. The sector is projected to reach nearly US$50 billion by 2034, with the Canadian business jet market expected to grow to US$7.05 billion by 2029. According to Fortune Business Insights and MarketsandMarkets, the industry is experiencing annualized growth of 7.1 per cent and 6.1 per cent respectively. This growth may be driven by the increasing demand for flexible and personalized travel options, as well as the introduction of new generations of travelers seeking privacy and time efficiency. Eclipse Air Charter, founded by Yasmin Alam in 2016, has arranged over 2,900 flights and plans to continue its global expansion. This article was first reported by CNW Group.