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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]
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Key Takeaways:

  • The turbine-powered business and owner-flown aviation markets have demonstrated remarkable resilience and growth post-pandemic, driven by a shift from commercial to private travel options.
  • Bombardier has successfully refocused its strategy on business aviation, evidenced by the strong launch and positive reception of its Challenger 3500, which incorporates advanced features and an Environmental Product Declaration for sustainability.
  • Despite rising interest rates, robust demand for owner-flown turbine aircraft persists, leading to significant manufacturer backlogs extending into 2024 and beyond.
  • Fractional jet operations are expanding their fleets and business models, with companies like Volato adding larger aircraft such as the Gulfstream G280 to serve a wider range of customer missions and market segments.
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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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