Written by Chad Anderson, Jetcraft President
With so much focus on the surging North American business aviation market, we should not forget Europe. Even though strict rules on lending practices and continuing currency issues do pose some challenges, Europe continues to show economic resilience. The continent still has buyers and sellers, although fewer than previous years.
Despite such challenges, we continue to see activity in the European business aviation sector as it comfortably remains the second largest market next to North America. The European business aircraft fleet is one of the world’s youngest, with close to half of its aircraft being less than ten years old. In addition, transaction activity remains steady-state for Europe. Our own market analysis points to Europe accounting for 14% of the total worldwide business aircraft deliveries throughout the next decade— not far from its traditional 15%-unit delivery share. Such activity reinforces the fact that Europe remains a healthy place to do business. And we see activity primarily from North America fueling Europe’s business jet engines.