- News
- Feb 25, 2025
- 3 min read
Global Jet Capital: Business Aviation Market Remained Stable in Q4 2024
Global Jet Capital’s latest business aviation market review found that flight activity increased by 2.4% year over year.
According to Global Jet Capital’s latest business aviation market review, business aviation demonstrated continued resilience in the fourth quarter, marked by growth in flight activity and a substantial manufacturer backlog. Flight activity increased by 2.4% year over year (YOY) during the quarter, while the OEM backlog reached $48.5 billion—up 7.2% year over year.
The report highlights a notable shift in market dynamics: the share of pre-owned aircraft stood at 7.5% at the end of 2024, above the decade average of approximately 6.9%, but still below the decade average of approximately 10%. The availability of newer aircraft declined further, with the share of aircraft aged 12 years or newer falling from 5.6% to 5% quarter over quarter.
Transaction volumes stabilized during 2024, while deliveries of new business jets increased by 1.7% for the year. Dollar volume posted more substantial growth, rising by 12.5%, driven primarily by strong demand for heavy aircraft. Despite continuing supply chain and workforce constraints, OEMs made progress in addressing production challenges.
Aircraft values remained stable during the quarter, with values for aircraft of comparable age staying nearly unchanged year over year, rising by just 0.1%. However, the market showed a divergence between newer and older aircraft. During the quarter, values for aircraft aged 13 years and older fell by 2.9%, while values for newer aircraft rose by 1.3%.
In terms of flight activity, the fractional segment continued to post the strongest performance in 2024. Growth in flight activity in the fourth quarter was driven by activity in North America, while Europe, the Middle East and Africa experienced declines.
According to Global Jet Capital’s latest business aviation market review, business aviation demonstrated continued resilience in the fourth quarter, marked by growth in flight activity and a substantial manufacturer backlog. Flight activity increased by 2.4% year over year (YOY) during the quarter, while the OEM backlog reached $48.5 billion—up 7.2% year over year.
The report highlights a notable shift in market dynamics: the share of pre-owned aircraft stood at 7.5% at the end of 2024, above the decade average of approximately 6.9%, but still below the decade average of approximately 10%. The availability of newer aircraft declined further, with the share of aircraft aged 12 years or newer falling from 5.6% to 5% quarter over quarter.
Transaction volumes stabilized during 2024, while deliveries of new business jets increased by 1.7% for the year. Dollar volume posted more substantial growth, rising by 12.5%, driven primarily by strong demand for heavy aircraft. Despite continuing supply chain and workforce constraints, OEMs made progress in addressing production challenges.
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Aircraft values remained stable during the quarter, with values for aircraft of comparable age staying nearly unchanged year over year, rising by just 0.1%. However, the market showed a divergence between newer and older aircraft. During the quarter, values for aircraft aged 13 years and older fell by 2.9%, while values for newer aircraft rose by 1.3%.
In terms of flight activity, the fractional segment continued to post the strongest performance in 2024. Growth in flight activity in the fourth quarter was driven by activity in North America, while Europe, the Middle East and Africa experienced declines.
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