Pre-Owned Private Jet Market Strength May Impact On-Demand Charter

Confidence in the economy and business led by President Donald Trump’s approach to commerce is powering a spike in interest in pre-owned private jets, according to Daniel Jennings, President of The Private Jet Company (TPJC). 

Gulfstream IV, Las Vegas Most Popular Private Jet, Destination For Charter Flights

On-demand charter broker Victor recently released the 10 types of aircraft its U.S.- based customers chartered most often in 2016. According to the release, the 14-passenger Gulfstream IV was the most popular, followed by the Hawker 800XP and Embraer’s Phenom 300.

Business Aviation Increased 3.2 Percent In 2016

Business aviation continued its growth in 2016, according to ARGUS TraqPAK. Total business private aviation flights increased to 2,948,708 in 2016 from 2,858,445 in 2015, a 3.2% gain. Flight activity grew in 11 of 12 month during the year. The biggest increase was in large cabin planes with a 6% jump. Gulfstream G-IV airplanes saw the largest increase.  

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