The COVID-19 pandemic reshaped numerous luxury sectors, none more significantly than private aviation. As global travel patterns shifted dramatically, private jets became not just a symbol of wealth, but a crucial tool for safety, flexibility, and convenience. Now, as we approach 2025, understanding the trajectory of the private jet market is vital for industry stakeholders, from manufacturers and financial institutions to private aviation enthusiasts. Let’s take a look at what’s ahead in 2025.
Surge in Demand During the Pandemic
The pandemic marked a watershed moment for the private aviation industry. As travel restrictions and safety concerns around crowded commercial flights intensified, many affluent individuals turned to private jets. This shift was driven by a need for both security and flexibility in travel, as private jets offered the ability to avoid crowded airports and adhere to personal safety protocols.
According to Global Jet Capital, demand for private jets surged by over 20% during the height of the pandemic, with North America—accounting for 64% of global business jet deliveries—seeing the most significant growth. The North American market, in particular, experienced a dramatic increase in private flight hours, as well as a rise in the number of first-time buyers entering the market.
This surge in demand was not only reflected in the number of private jets in the sky but also in the steep rise in the values of both new and pre-owned aircraft. For example, some business jets saw an appreciation of 10-20% in value, a rarity in an industry that typically sees depreciation over time.
This report was originally published by SOLJETS on February 2, 2025.