Jetnet iQ revealed its market outlook at NBAA-BACE this week in Las Vegas. The results include the company’s third-quarter survey of business jet owner/operators.
Jetnet iQ Reveals Its Market Outlook for BizAv
Key Takeaways:
- Jetnet iQ's market outlook revealed a mixed picture for business aviation, with a 7% rebound in the "Big 5" manufacturers' order backlog to $32 billion.
- Despite the backlog, concerns are rising about potential oversupply, evidenced by 24% of operators feeling they have "enough airplane" and a sharp drop in overall operator optimism due to global uncertainties.
- The industry faces a demographic challenge with an aging average business jet owner (63 years old), highlighting the need to attract younger "concept buyers" through models like shared ownership.
- ADS-B compliance for the January 2020 mandate shows strong adoption in North America (over 80%), but significantly lower rates in other regions (around 50%).
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