Global Jet Capital predicts $162.1 billion in total transaction volume of new and pre-owned private jets between 2021 and 2025, with a compound annual growth rate of 7.4 percent
Aircraft financing provider Global Jet Capital offers a bullish outlook for the sale of both new and pre-owned private jets between now and 2025. The forecast comes on the heels of fleet operators from NetJets to Wheels Up reporting record demand and jet card providers saying summer travel could be as much as 50% higher than pre-pandemic levels.
Updated research shows private jets and business aviation support 1,179,200 U.S. jobs
Newly updated research conducted by PricewaterhouseCoopers LLP revealed that general aviation supports a total 1,179,200 jobs and $246.8 billion in total economic output in the U.S. annually.
The researcher found that each industry job created 3.3 jobs elsewhere in the economy.
It also found the business of general aviation is a big winner for the U.S. when it comes to international trade.
Flying by private jet has never been safer, according to the National Transportation Safety Board (NTSB)
For the first time in half a century, the 2016 accident rate in general aviation dropped below one fatal accident per 100,000 flight hours. General aviation deaths decreased slightly, from 416 in 2015 to 412 in 2016, according to the NTSB. Some 94 percent of the 379 deaths occurred in general aviation accidents. Twenty-five people died in accidents in commuter and on-demand aircraft, including charter, air taxi, air tours, and medical services, operating under Part 135. The General Aviation decrease occurred while other forms of transport — cars, trains, and boats — all showed increases.