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Jets: Reaching the Service Ceiling

The jet market softened after a period of COVID-induced thrust.

Demand for Cirrus' single-engine SF50 Vision Jet remains strong. [Courtesy: Cirrus Aircraft]
Gemini Sparkle

Key Takeaways:

  • The business jet market is leveling off after a post-COVID boom, driven more by persistent supply chain issues and FAA aircraft certification delays than by rising interest rates.
  • While smaller turbofans see strong demand, competition is fierce across segments, with the Embraer Phenom 300E dominating upper-end light jets and a robust super-midsize market featuring offerings from multiple manufacturers.
  • The industry faces growing pressure from European climate change activists and potential regulatory action, prompting a commitment to significantly reduce CO2 emissions by 2050, though scaling sustainable aviation fuel (SAF) production remains a major hurdle.
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The business jet market, paralleling the flight path of the general economy, is leveling off after two years of post-COVID soaring. The flattening is more pause than plateau, says Rolland Vincent, head of the market research and consultant company bearing his name in Plano, Texas.

“Nothing surprises me,” says Vincent. “We were on a sugar high in 2021 and 2022, fed by essentially free money. Now with middle single-digit loan rates, we’re getting back to a more normal market.”

Fred George

Fred George has flown in the left seat of nearly every business jet produced in the last 30 years, encompassing more than 195 aircraft models total over his career. He reports on the business aviation industry for FLYING, returning to the senior editor position after first contributing to the magazine in the 1980s and 90s.

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