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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 significant resilience post-pandemic, driven by increased demand from individuals and corporations seeking alternatives to commercial airline travel.
  • Manufacturers like Bombardier are experiencing success with new aircraft such as the Challenger 3500, which also stands out as the first super midsize jet to launch with a transparent Environmental Product Declaration.
  • The owner-flown turbine market remains robust despite rising interest rates, with high demand leading to significant backlogs for new aircraft from manufacturers like Textron Aviation, Pilatus, and Gulfstream.
  • Fractional jet operations are expanding, with companies like Volato adding larger aircraft (e.g., Gulfstream G280s) to cater to a wider range of customer missions and passenger capacities.
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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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