Gain Perspective on the Latest Business Aviation Market Trends

The business jet market has recovered well from a brief disruption in the early phases of COVID-19 and has returned to the steady growth trajectory it was on before the pandemic. In Q1 2022, business jet flight operations and transactions increased while strong order activity that has increased OEM backlogs across the industry. Balanced supply and demand led to a healthy pricing environment. A return to normal business activities, including reopening of offices and a resumption of business travel, will support a continuation of strong industry conditions going forward.

Q1 2022 Highlights:

• Global economic growth is forecast to continue throughout 2022 and 2023, despite challenges such as the war in Ukraine and persistent inflation.
• Driven by entry of new customers into the market as well as a return by established users, business jet flight operations increased 35.8 percent compared to Q1 2021.
  
• Strong orders drove OEM book-to-bill ratios to 1.9-to-1 in Q1 2022, with backlogs reaching $38.8 billion.
• Pre-owned transactions were up 36 percent in Q1 2022 compared to a year ago, driving the overall market up 6.8 percent.
• Inventory levels continued to decline and remained at historic lows.
• With demand high and supply remaining at low levels, business jet bluebook values increased

The business jet industry continued to demonstrate healthy market dynamics in Q1 2022. The market has largely recovered from a brief disruption during the early phases of the COVID-19 pandemic and has returned to the long-term growth trajectory it was on pre-pandemic. 

Economists are tracking challenges to future growth, such as the war in Ukraine and persistent inflation. However, most believe these will not significantly reduce global growth. That fact, combined with sustained demand for business jets, should continue to drive steady growth in the business jet market.

Download the Q1 2022 Market Report at: https://info.globaljetcapital.com/quarterly-market-brief-q1-2022?utm_source=BJT&utm_medium=display&utm_campaign=BJT