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.
From long-range private jets to single-engine turboprops, new data reveals the most-used private aircraft for 2019
The most popular private jet in the U.S. for 2019 wasn’t a jet.
The Swiss-made Pilatus PC-12 single-engine turboprop was the most popular private aircraft clocking 244,217 flights in 2019, according to Argus Traqpak.
The two largest players in fractional ownership of private jets saw significant growth in 2019
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
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.