Global Jet Capital releases Q3 2024 Business Aviation Market Brief.
The business jet market continued to stabilize in Q3 2024 after experiencing unprecedented utilization and demand in the aftermath of the COVID-19 pandemic. Year-over-year, there was a decrease in flight operations, an increase in inventory levels, and a decline in OEM order intake. Despite this shift, the market continues to show strength and resilience. Driven by strong new deliveries, transactions leveled off following declines in 2023. OEMs reported strong backlogs. Flight operations stayed above pre-pandemic levels, and availability — particularly for newer, more desirable aircraft — remained low. Additionally, the macroeconomic environment experienced steady growth and declining inflation levels, despite ongoing headwinds. Overall, the industry is well-prepared to handle any potential market disruptions.
This Market Brief was originally published by Global Jet Capital on November 19, 2024.
