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Senior executives from private jet operators and manufacturers speaking during the European Business Aviation Conference & Exhibition last week in Geneva had a grim assessment when it comes to supply chains and labor issues.
Who? Us? Everything is fine. After being sent to a decade-long holding pattern by the 2008 financial crisis, it’s different this time. At least, that’s a summary from four of private aviation’s most followed forecasts.
Jetcraft has boosted its five-year forecast for used private jet sales in another example of the private jet rebound.
Pre-owned private jet sales will dip to 1,617 units this year as the industry struggles with the challenges of the impact of COVID-19 on the selling process. Last year, there were 1,839 transactions of pre-owned aircraft, according to an annual market survey by Jetcraft.