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A Hot and High Market

The resiliency of the turbine-powered business and owner-flown aviation markets has defied the pains of a global pandemic.

[Courtesy: Gulfstream]
Gemini Sparkle

Key Takeaways:

  • The turbine-powered business and owner-flown aviation markets have shown strong resilience and growth post-pandemic, driven by a shift from commercial airline travel to private aviation and an increasing focus on sustainability.
  • Manufacturers like Bombardier are thriving, launching new models such as the Challenger 3500 with environmental declarations, and expect high unit deliveries despite rising interest rates.
  • Demand for new turbine aircraft remains robust, leading to significant manufacturer backlogs extending into 2024 or later, with cash buyers being a major market force.
  • Fractional jet operations are also expanding their fleets and business models, acquiring larger aircraft to serve wider market segments and diverse customer needs.
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Who knew that the dark clouds gathered by a global pandemic would have such a silver lining? Not that we would wish the past three years on anyone to live back through, but the resiliency of the turbine-powered business and owner-flown aviation markets has defied the pains of workforce fluctuations and supply chain disruptions.

Case in point: Bombardier. Though the Montreal-based company has contracted over the past five years through divestment of its Q400 and de Havilland product lines and shifted its focus away from commercial aviation, it appears to be coming through all right, having made sound decisions. The first delivery of the Challenger 3500 took place in September 2022, going to launch customer Les Goldberg, chairman and CEO of Entertainment Technology Partners. “As a previous owner of a Challenger 350 business jet, I can say with confidence that Bombardier has hit all the right notes in creating a next-generation aircraft,” Goldbergsays. “The cabin interior is spectacular, and I appreciate the added comfort and productivity that these new features will bring to our worldwide travels.”

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