Business Aviation Market Overview July 2018

The HondaJet cabin measures 222 cubic feet

A monthly in-depth update on the dynamics of business aviation from new private jets to used jet sales, private jet travel and other valuable insights for anyone who flies privately, including turboprops

 

To help provide a broader market overview beyond jet cards, this article is shared here with permission from AvBuyer.com   At the halfway point in the calendar year, Rollie Vincent, Editor, Market Indicators, assesses the current state and direction of the Business Aviation market.

by Rollie Vincent

As usual, we rely on a healthy combination of data, sprinkled in with a little hearsay, some hype and our own analyses to come up with our best estimates and insights as to where we stand at the halfway point of 2018. Flight utilization continues to increase in the key markets of North America and Europe, a sure and steady indicator of a gradually improving market. Increases Year-over-Year (YoY) in the low- to mid-single digit percentages are welcome developments, growing somewhat faster than the underlying fleet, with newer aircraft leading the pack. 

Yahoo News: Private Jet Sales Ready To Take Off

Sales of Lamborghini, Ferrari, Maybach, Rolls Royce, and Bentley cars have risen 31% on a year over year basis since November 2016, and March alone saw a 53% increase in sales, according to a report by Yahoo Finance. Previously, private jet sales have increased following these type of gains. 

When Cars Fly: HondaJet Looks For Sunny Skies

Honda Aircraft Company’s six-seat private jet priced at $4.5 million is finally taking flight giving the industry and consumers the opportunity to see if the carmaker can truly expand the business jet market or if it will be an expensive money pit for a company that racked up a nearly $3 billion operating profit in 2016.