Following years of gradual growth in sales of new business jets, a recent industry forecast predicts a slight decrease in sales of new private jets over the next 10 years. While this isn’t the best news for aircraft manufacturers, fewer new private aircraft deliveries could reverse years of decreasing prices for pre-owned business aircraft, making now the ideal time to buy a preowned private jet. According to the 25th annual Global Business Aviation Outlook released by Honeywell Aerospace earlier this month, ongoing political and economic concerns worldwide will drive deliveries of new private aircraft down through 2026. “We continue to
Bombardier’s August announcement that slumping demand will keep prices of its new business jets for sale under pressure is symptomatic of the downturn creating havoc in both the new and preowned aircraft markets. But the same socioeconomic forces helping flatten the sales curve of jet transactions are creating new business aircraft ownership opportunities in the air charter world. The fact is, though sales of new business jets have dropped sharply, business aviation activity beyond the world of buying and selling airplanes is strong. People still want and need to use business jets, but fewer want to own them. It’s part
The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its...
China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business...
July 6, 2022· Covid concerns may be easing, interest rates rising, and the stock market falling, but prospective business buyers of private jets are highly motivated to make their purchases this year because the "free ride" of 100% depreciation in the first year of use, afforded by the 2017 Tax Act, will end December 31, 2022...
Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that...
Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax...
Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said...
North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax...
