Business Wire

JETCRAFT

Share
Pre-Owned Business Jets Selling 45% Faster Since 2019, Reveals Annual Jetcraft Market Forecast

Business aircraft are spending less time for sale than ever before, according to the latest edition of the Pre-Owned Business Jet Market Forecast by Jetcraft, the global leader in business aircraft sales, acquisitions and trades.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240528225426/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

A shift in generational wealth and an increase in ‘new tech’ billionaires is contributing to a notable rise in Jetcraft buyers under 45 years old. (Graphic: Business Wire)

The report shows that in 2022-2023, aircraft spent an average of 129 days on the market compared to 233 days in 2018-2019, driven by unprecedented post-pandemic demand. Furthermore, the data affirms that the industry is in a much-needed market correction period, with a dip in both volume and value in 2023. However, ongoing transaction volumes are similar to 2019 levels, while values remain higher than the pre-pandemic peak, with an expected 59% increase in total transaction value between 2019 and 2028.

Chad Anderson, Chief Executive Officer, Jetcraft, says: “For the first time, we’re including an analysis of market dynamics in the Pre-Owned Business Jet Market Forecast. As our data shows, since 2022 the number of days an aircraft spends on the market has decreased by almost half – due to borders opening and international travel resuming, along with buyers making faster, more emotional purchase decisions due to increased demand. We expect transaction rates will settle at this new level, even with more inventory available, culminating in a total forecast revenue of $15.6B annually by 2028.”

Among the report’s key findings is a continued rise in younger buyers, with 28% of Jetcraft buyers now aged under 45 years old (a 14% increase since 2019), averaging $13M per transaction. The Middle East and Africa boast the greatest proportion of younger buyers, due to the growth of UHNWIs in these regions.

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, adds: “Our data has gone from strength to strength since the Market Forecast’s inception in 2015. We were the first to report the rise in buyers under 45 as a contributing factor to the growth of our industry and this demographic continues to be influential. Their market share has almost doubled since 2015, caused by a shift in generational wealth and the continued rise of billionaires in the tech space.

“As Jetcraft evolves, so too does our expertise in analyzing and interpreting the data, allowing us to make increasingly accurate predictions for the years ahead and provide deep analysis of the trends driving our dynamic industry.”

For full graphs, download the Pre-Owned Business Jet Market Forecast here.

ENDS

About Jetcraft

More than brokers, Jetcraft® is a network of global aircraft advisors, offering unmatched international reach and unrivalled local knowledge. The company’s market leading intelligence, strategic financing solutions and extensive inventory support even the most intricate of transactions. For over 60 years Jetcraft has led the way, setting standards that continue to shape the industry. Today, a team of 90+ dedicated aviation specialists across 30+ offices deliver worldwide aircraft sales, acquisitions and trading at the speed of life.

www.jetcraft.com

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240528225426/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Rimini Street Celebrates the 10th Anniversary of its Corporate Foundation with a $100,000 RMNI LOVE Charitable Grant Giveaway6.2.2025 15:00:00 CET | Press release

Company’s self-funded charitable program invites certified charities in select cities to apply for one of ten $10,000 grants Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support and innovation solutions, the leading third-party support provider for Oracle, SAP and VMware software, today announced a $100,000 RMNI LOVE Charitable Grant Giveaway, commemorating the 10th anniversary of its self-funded philanthropic program, the Rimini Street Foundation. Registered charities in select cities across the globe, where a concentrated number of Rimini Street employees and clients are represented, are invited to apply for one of ten $10,000 grants, to be awarded throughout 2025 at various in-person gatherings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206639812/en/ Rimini Street Celebrates the 10th Anniversary of its Corporate Foundation with a $100,000 RMNI LOVE Charitable Grant Giveaw

A Beloved Classic Just Got Sweeter Than Ever; Candy Crush Solitaire™ Launches Worldwide6.2.2025 14:00:00 CET | Press release

King, the interactive entertainment company behind the world-famous Candy Crush® franchise, today launches Candy Crush Solitaire™on mobile devices worldwide. Candy Crush Solitaire brings a fresh take to the classic card game, combining the timeless fun of solitaire with the vibrant and colorful world of Candy Crush. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206977362/en/ Candy Crush Solitaire gameplay (Graphic: King) Candy Crush Solitaire offers players a fun, mentally stimulating challenge, combining the familiar gameplay of TriPeaks solitaire with challenging levels, innovative gameplay, and tasty rewards, as they are immersed into the sensory and whimsical Candy Crush universe. Beloved characters join players on a sweet journey around the world, collecting Candified postcards and delicious rewards as they progress through the game, solving puzzles and stacking cards. This new mobile game offering will launch with

Saudi Sports for All Federation Unveils Riyadh Marathon Route, Venues, and Sponsors for Inaugural SFA International Sporting Events6.2.2025 13:41:00 CET | Press release

The Saudi Sports for All Federation (SFA) has announced key details for the inaugural 2025 SFA International Sporting Events, which include the SFA Expo and Riyadh Marathon. The SFA Expo will take place from February 5-7, 2025, at Riyadh’s JAX District, while the Riyadh Marathon is set for Saturday, February 8, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206409638/en/ Saudi Sports for All Federation Unveils Riyadh Marathon Route, Venues, and Sponsors for Inaugural SFA International Sporting Events (Photo: AETOSWire) The SFA Expo will serve as the marathon’s bib collection hub and will feature interactive zones focused on sports, health, and fitness, showcasing cutting-edge equipment, wellness activities, and emerging technologies. The event will also include a B2B lounge for industry networking, and workshops on mindfulness and nutrition. Another highlight will be the Primal Race on Friday, February 7, a function

Align Partners Submits Shareholder Proposals at Coway Co., Ltd. to Protect the Interests of Minority Shareholders6.2.2025 13:00:00 CET | Press release

Proposals follow Coway’s failure to respond to governance concerns surrounding how the Board manages conflicts of interest with its largest shareholder, Netmarble.Align submitted shareholder proposals to strengthen the independent oversight mechanism at Coway by nominating an independent governance and capital markets expert.To ensure minority shareholder representation is upheld, and meet market best practice, Align is also proposing Coway to introduce cumulative voting. Align Partners Capital Management Inc. ("Align Partners"), a shareholder of Coway Co., Ltd. ("Coway" or "Company") since 2023, submitted 4 shareholder proposals on February 6, 2025, for the upcoming Annual General Meeting (“AGM”). These proposals aim to ensure that Coway’s governance works for all, and not just its largest shareholder. More specifically, Align Partners will be seeking support to appoint Namuh Rhee, an independent governance and capital markets expert and Chair of the Korea Corporate Governance Forum,

Saudi Aramco Joins The Open Group as Platinum Member6.2.2025 12:00:00 CET | Press release

The Open Group, the vendor-neutral technology standards organization, has today announced that Saudi Aramco has become its latest Platinum Member. In this capacity, Saudi Aramco will have the opportunity to expand its presence across The Open Group Forums, take a leadership position, and have representation on the Governing Board. Saudi Aramco first joined The Open Group in 2016 as a Member of the Open Process Automation™ Forum (OPAF). The company has since collaborated with industry leaders on an O-PAS™ Automation Test Bed, assessing and validating next-generation open and interoperable technologies. In 2020, Saudi Aramco also became a member of The Open Group OSDU® Forum, joining industry peers in developing transformational technology to support the world’s changing energy needs. Steve Nunn, President and CEO of The Open Group, commented: “It is gratifying to see that Saudi Aramco has realized such significant value from participation in The Open Group that they wish to take their m

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye