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 presents a mixed picture for business aviation, noting a 7% rebound in manufacturer backlogs but also warning of potential oversupply and a sharp decline in operator optimism due to global economic uncertainties.
- The report highlights a significant demographic challenge, with the average business jet owner being 63, urging the industry to attract younger "concept buyers" open to shared ownership models.
- Survey results revealed a sharp drop in operator optimism, with only 51% believing the market is past its low point, and a notable disparity in ADS-B compliance, with only 50% in regions outside North America equipped for the January 2020 mandate.
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