NBAA Report: New Aircraft Sales Struggle As Private Jet Charter Surges

Private jet charter including jet cards and jet membership programs are a bright spot in business aviation

Honeywell has released its 26th annual Business Aviation Outlook and it projects 8,300 new private jets will be delivered over the next 10 years at a value of $249 billion. It’s an interesting comparison to its pre-Recession forecast in 2007 which called for 14,000 net private jets to be delivered over the past decade worth $233 billion.