Jetcraft delivers a five-year forecast of 11,202 pre-owned aircraft sales, totaling $73.9B in revenue
A new generation is recognizing aircraft ownership as an essential business and travel tool, according to Ever Forward: The Pre-Owned Business Aviation Report .
The report shows the share of Jetcraft buyers under 45 has nearly doubled in the last decade to a record 29% in 2024. Younger high-net-worth-individuals also lead pre-owned aircraft sales in emerging markets in the Middle East and Africa, fueling long-term industry growth.
Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, says: “It’s no longer rare to see Millennials or even Gen Z becoming ‘new tech’ billionaires, selling companies in their 20s or inheriting family investments younger as part of the ‘Great Wealth Transfer.’
“At Jetcraft, by selling aircraft we sell time. Greater numbers of entrepreneurs under 45 are turning to business aviation to run their companies and support their lifestyles, drawn by the appeal of privacy, security and efficiency. With this changing demographic comes increased diversity – 42% of our younger buyers are from the entertainment industry, and 29% are women.”
This article was originally published by Jetcraft on February 25, 2025.