What Happened
Private Aviation Faces Capacity Hurdles Amid Growing Demand
A new report from McKinsey & Company highlights the evolving nature of the business aviation market, with demand for private aviation services continuing to grow. The market has seen a 4.9% annual increase in business aircraft departures since 2019, with the global population of ultra-high-net-worth individuals driving this growth. However, the industry faces increasing pressures around aircraft supply, maintenance, and crews, according to the report, which was released in concert with NBAA-BACE and first reported by Aviation International News.