What Happened
Aviation Week Forecasts Expansion In Business Aviation Market
The worldwide turbine-powered business aviation fleet is expected to grow from 36,643 aircraft in 2027 to 41,136 aircraft in 2036, according to Aviation Week’s 2027 Business Aviation Fleet & MRO Forecast. The jet segment is forecast to see the biggest gains, with a 1.6% CAGR, while the business aircraft MRO aftermarket is projected to grow at a 3.2% CAGR. New business aircraft delivery values are expected to reach $304 billion over the next 10 years. This forecast was reported by Aviation Week.