{"id":38685,"date":"2024-11-24T16:23:58","date_gmt":"2024-11-24T21:23:58","guid":{"rendered":"https:\/\/www.aircharter.com\/?p=38685"},"modified":"2024-11-24T16:29:21","modified_gmt":"2024-11-24T21:29:21","slug":"business-jet-market-continues-to-stabilize-in-3q2024","status":"publish","type":"post","link":"https:\/\/www.aircharter.com\/fr\/business-jet-market-continues-to-stabilize-in-3q2024\/","title":{"rendered":"Business Jet Market Continues To Stabilize in 3Q2024"},"content":{"rendered":"<p>The third quarter was one of stabilization for the <strong><em>business jet<\/em> market<\/strong> with operations, orders, available aircraft, and pricing all ebbing but at the same time normalizing, according to Global Jet Capital\u2019s latest Business Aviation Market Brief.<\/p>\n<p>\u201cDespite this shift, the market continues to show strength and resilience,\u201d Global Jet Capital maintained, pointing to strong OEM backlogs, operations that remain above pre-pandemic levels, and still-low availability of newer and more desirable preowned aircraft.<\/p>\n<p>In the third quarter, flight operations decreased by 1.3% year over year (YOY) but were 1% higher than the second quarter and still 14.6% above pre-pandemic third-quarter 2019. Global Jet Capital said this dynamic reflects \u201can enduring expansion in the user base for business aviation.\u201d Fractional operations remain the strongest sector in terms of growth, expanding slightly in the third quarter.<\/p>\n<p>OEM revenue was up by 15.3% YOY while backlogs remained high at $45.6 billion\u2014just a 1.1% dip YOY. Orders in the quarter declined YOY but were still up 20.4% from 2019.<\/p>\n<p>Preowned transactions remained stable as more aircraft came on the market. New preowned public listings were up 13.3% YOY. Aircraft 13 years and older represented 69.6% of the new listings at the end of the quarter. Aircraft available for sale represented 7.8% of the total fleet as of October 31\u2014still below the 10% average of the last decade.<\/p>\n<p>\u201cAs inventory increased, the market shifted from a seller\u2019s market to a more neutral state,\u201d Global Jet Capital said. Values for older aircraft (13+ years) decreased by 4.4% but increased by 0.8% for newer aircraft.<\/p>\n<p>Further, market conditions remain favorable, the aircraft financier said, with stable GDP growth of 2.7% during the first three quarters of the year and declining inflation, despite ongoing headwinds. Central banks are lowering interest rates, Global Jet Capital said. \u201cOverall, the industry is well-prepared to handle any potential market disruptions.\u201d<\/p>\n<p>As for the headwinds, geopolitical conflicts continue, including in Eastern Europe and the Middle East. While easing, interest rates remain high and the potential for continued de-globalization and trade conflicts can continue those headwinds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The third quarter was one of stabilization for the business jet market with operations, orders, available aircraft, and pricing all ebbing but at the same time normalizing, according to Global Jet Capital\u2019s latest Business Aviation Market Brief. \u201cDespite this shift, the market continues to show strength and resilience,\u201d Global Jet Capital maintained, pointing to strong OEM backlogs, operations that remain above pre-pandemic levels, and still-low availability of newer and more desirable preowned aircraft. In the third quarter, flight operations decreased by 1.3% year over year (YOY) but were 1% higher than the second quarter and still 14.6% above pre-pandemic third-quarter 2019. Global Jet Capital said this dynamic reflects \u201can enduring expansion in the user base for business aviation.\u201d Fractional operations remain the strongest sector in terms of growth, expanding slightly in the third quarter. OEM revenue was up by 15.3% YOY while backlogs remained high at $45.6 billion\u2014just a 1.1% dip YOY. Orders in the quarter declined YOY but were still up 20.4% from 2019. Preowned transactions remained stable as more aircraft came on the market. New preowned public listings were up 13.3% YOY. Aircraft 13 years and older represented 69.6% of the new listings at the end of the quarter. Aircraft available for sale represented 7.8% of the total fleet as of October 31\u2014still below the 10% average of the last decade. \u201cAs inventory increased, the market shifted from a seller\u2019s market to a more neutral state,\u201d Global Jet Capital said. Values for older aircraft (13+ years) decreased by 4.4% but increased by 0.8% for newer aircraft. Further, market conditions remain favorable, the aircraft financier said, with stable GDP growth of 2.7% during the first three quarters of the year and declining inflation, despite<\/p>\n","protected":false},"author":1,"featured_media":38686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aircharter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business Jet Market Continues To Stabilize in 3Q2024 - Aircharter<\/title>\n<meta name=\"description\" content=\"3rd quarter was one of stabilization for the business jet market with operations, orders, available aircraft, and pricing according Business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aircharter.com\/business-jet-market-continues-to-stabilize-in-3q2024\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Jet Market Continues To Stabilize in 3Q2024 - 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