This year’s forecast shows that we can expect to see the renewed interest in business aviation continue, with annual transaction volumes and values predicted to remain higher over the next five years than during the pre-pandemic peak.

 

While we’re now in the anticipated market correction phase, we expect 10,307 transactions over the forecast period of 2024 to 2028 as global wealth continues to grow, and buyers aged under 45 and UHNWIs continue to make their presence felt in the market. Market dynamics have shown more liquidity in recent years, but we’re already seeing this settle as depreciation naturally occurs and increased availability of inventory impacts and regulates transaction speeds.

 

As the market grows, so do we. Jetcraft is always looking for opportunities to expand, and we invested a lot in 2023. We achieved milestones including the acquisition of CFS Jets and exclusive partnerships with Bill Papariella and Jetquity; as a result, this year we have our most expansive network yet, enabling faster aircraft trading that surpasses industry standard.

 

As always, the ever-changing business landscape means we continue to evolve, shaping ourselves and the industry to remain a positive force now, and in the decades to come. 

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Peter Antonenko
President