Leveraging over 60 years of aviation expertise and unparalleled data intelligence, Jetcraft will soon unveil ‘Ever Forward:2024’, a special 10th anniversary edition of its annual Pre-Owned Business Jet Market Forecast. With a rich history and market-leading insights, Jetcraft’s forecast offers an OEM agnostic perspective, delivering a comprehensive evaluation of buyer behavior while reflecting on insights accumulated during the past decade.
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Business aircraft sales totalled over $26B in 2018 and are forecast to reach $30B per annum by 2023.
The business aviation fleet is predicted to grow by 12.1% over the next 5 years for a total of 22,211 aircraft.
Growth in the pre-owned value proposition and increased demand for out-of-production aircraft are occurring due to easier, more accessible and less costly refurbishment options.
All in-development aircraft programs formally announced by manufacturers are exclusively Midsize and up.
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