Company Name : Jetcraft

Thursday, May 16, 2019 10:55AM IST (5:25AM GMT)
Jetcraft Launches Industry’s First New and Pre-Owned Market Forecast
London, United Kingdom

Jetcraft, the global leader in business aircraft sales and acquisitions, is releasing a 5-Year New & Pre-Owned Business Aviation Market Forecast – the first of its kind to predict both new and pre-owned aircraft transactions.

 

The new forecast anticipates 11,765 pre-owned transactions over the next five years, equating to $61bn in value, and 3,444 new deliveries, representing $90.5bn. By 2023 it is expected that industry value will reach nearly $30bn per annum.

 

Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “This is the first forecast to precisely analyze both new and pre-owned business aircraft transactions over a five-year period. The findings show that our industry will continue to grow in size and scale, hitting nearly $30bn per year in revenue by 2023, a truly impressive figure.

 

“New aircraft unit deliveries are predicted to stay flat throughout the forecast period while generating higher revenues, due to the increase in large aircraft transactions. Meanwhile, the pre-owned market is forecast to grow at a proportionally faster rate than new.”

 

Pre-owned business aircraft transactions are expected to outpace those of new deliveries four to one by 2023, according to Jetcraft’s forecast.

 

Fazal-Karim continues: “Buyers who in the past exclusively bought new aircraft are now more willing to consider pre-owned if it suits their mission, partly due to better opportunities for aircraft refurbishment and increasing MRO capabilities.”

 

Jetcraft’s forecast also maintains the clear shift towards large aircraft, both in pre-owned and new unit deliveries and highlights that the average retirement age of a business aircraft is 32.

 

Fazal-Karim concludes: “Our new forecast better reflects the current aircraft ownership experience and provides a more focused view of the industry. We are set for a dynamic five years, both in pre-owned and new aircraft transactions and I look forward to Jetcraft playing its part.”

 

Jetcraft’s full 2019 5-Year New & Pre-Owned Business Aviation Market Forecast is available to download at https://www.jetcraft.com/knowledge/market-forecast.

 

ENDS

 

Report graphs, high-resolution images and interviews are available on request.

 

 

 

 

Source: BUSINESS WIRE INDIA

Click here for Media Contact Details
CONTACTS :

For more information, please contact 8020 Communications.
Chiara Lawrance
E-Mail: jetcraft@8020comms.com
Telephone: +44 (0)1483 447380


More News from Jetcraft

Jetcraft Releases Fourth Annual 10-Year Market Forecast

11/10/2018 11:15PM

Jetcraft, the global leader in business aircraft sales and acquisitions, is today releasing its fourth annual 10-year business aviation market forecast.   The annual market forecast reaffirms that steady growth ...


Similar News

IIFT’s Centre for Trade Facilitation & Logistics Working to Boost Performance of 9 Key Trade Sectors on Global Level

24/06/2019 2:55PM

The Centre for Trade Facilitation & Logistics (CTFL), under the aegis of the Indian Institute of Foreign Trade (IIFT), recently organised a round table meet at the IIFT, New Delhi campus.

Zago Launches Cold Coffee and Cold Mocha in Major Cinemas and Amusement Parks

24/06/2019 11:52AM

Zago has recently introduced Zago Cold Coffee and Cold Mocha in PVR Cinemas and Carnival Cinemas across the country. The products have also been introduced in a number of theme parks including Imagica theme parks, WOW ...