In our 2021 forecast, we predicted that post-pandemic momentum would be shaped by stable and manageable growth and I am pleased to note that current trends reflect the accuracy of those predictions. When compared to 2020, it might feel as though prices are rising at an unstable rate. Our data, however, indicates this is a rational market, with value growth expected to return to pre-pandemic levels.

 

We haven’t reverted exactly to pre-pandemic norms though and, as I write this, we are in an opportunistic position as an industry. We are seeing a blend of returning to normality combined with increased demand and access to business aviation. Shifts in buyer behavior continue to fuel this upward trajectory with more and younger first-time buyers entering the market, greater demand for larger jets and a growing UHNWI population. And we’re now entering a post-pandemic business cycle from a new, higher starting point.

 

The theme of this year’s Market Forecast is ‘Ever Forward’ and I wanted to highlight its very deliberate meaning. Ever Forward speaks to our industry’s remarkable resilience – despite global and economic hurdles, business aviation access, activity and the overall global fleet continues to grow year on year. Ever Forward also reflects Jetcraft’s commitment to playing its part in driving this growth and carrying out transactions at the speed of life.

 

I am proud to present Ever Forward, our 2022-2026 Pre-Owned Business Jet Market Forecast.

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Jahid Fazal-Karim
Owner and Chairman of the Board