New private jet deliveries fall 20% in 2020, lowest since 2004

Challenger 650

Covid-19 impacted private jet deliveries to 644 units, down 20.4% from 809 in 2019, and the lowest since 2004.

New private jet deliveries dropped by 20.4% from 809 in 2019 to 644 last year. It was the lowest total since 2004, according to the General Aviation Manufacturers Association.

Big and small aircraft most popular with private jet buyers

Gulfstream G700

The Pilatus PC-24 light jet and Gulfstream G700 ultra-long-range large-cabin private jet are drawing the most interest from aircraft buyers when asked about their next purchase

Big is beautiful and small is stunning. That seems to be the message from the latest research by JetNet IQ.

Private jets for sale – $48.8 billion in used private jet sales forecast

private jets for sale

Transactions of used private jets for sale are expected to rebound in 2021 after dipping due to COVID-19

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.

Private Jet deliveries see big gains in 2019

New private jet deliveries 2009 to 2019

Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association

Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers

Glory days, well, they’ll pass you by

Glory days, in the wink of a young girl’s eye

– Bruce Springstein

No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.

With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.

%d bloggers like this: