NAFA member, Global Jet Capital, releases their latest Business Aviation Market Brief.
The rapid expansion of the business jet marketing during the post-COVID recovery period slowed in 2023, although most indicators remained strong in comparison to the pre-COVID levels.
Business jet flight operations were down year-over-year, inventory levels climbed from an early 2022 low point, supply chain and labor constraints held back new deliveries, and pre-owned transactions slowed from recent high levels. Furthermore, while the economy proved resilient in 2023, many consumers, businesses, and economists remained uncertain about the future. Still, the business jet market had a positive finish to 2023: flight operations were strong, backlogs and lead-times at major OEMs were up, and inventory remained low, leaving the industry well positioned to weather any future economic downturn.
This Market Brief was published by Global Jet Capital.
