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Amid Current ‘Uncertainty,’ the Private Jet Market Is Expected to Remain Strong in the Long Term

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Two surveys show expected strong growth of the business aviation industry, though current conditions are confusing because of geo-political issues.

Two surveys show similar long-term outlooks for the business jet market, though one is less rosy about short-term conditions. JETNET iQ’s third-quarter survey andOutlook were both released yesterday before the start of the annual National Business Aviation Association BACE conference in Las Vegas.First Drive: The Newest Lamborghini Urus Hybrid Makes Driving Easy—Maybe Too Easy

When respondents were asked about the top industry challenges, the three most pressing included aerospace supply chain recovery, aircraft maintenance repair and overhaul capacity, and attracting and retaining talent to the industry. Since 2022, very-light to mid-size jet segments showed the most significant increase in pre-owned sale inventories. The JETNET survey also shows that in 2023 the five major airframers were taking more orders than they delivered, which builds a healthy backlog.Of the 8,600 jets forecasted to be built over the next 10 years, JETNET says light jets , large ultra long-range jets , and personal jets ranked as the top three segments.

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