If you're interested in the private jet market and the role of aircraft brokers, here are some key statistics and facts about jet aircraft sales.
Jet deliveries saw growth in 2020 despite the pandemic
Despite the pandemic and economic uncertainty, jet deliveries actually increased in 2020. According to the General Aviation Manufacturers Association (GAMA), 661 business jets were delivered in 2020, an increase of 1.9% compared to 2019. This highlights the continued demand for private jet travel, and the importance of aircraft brokers in facilitating these transactions.
North America dominates the business jet market
North America is the largest market for business jets, accounting for approximately 60% of global deliveries. As an aircraft broker, it's important to understand the nuances of this market and its customers. Europe is the second-largest market, accounting for approximately 17% of deliveries.
Popular business jet models for aircraft brokers
The most popular business jet models are the Gulfstream G650ER, Bombardier Global 7500, and the Dassault Falcon 8X. As an aircraft broker, it's important to be knowledgeable about the different models and their features, so that you can effectively advise your clients on their purchase decisions.
The average price of a business jet for aircraft brokers
The average price of a business jet is around $40 million, but it can vary depending on the model, age, and condition of the aircraft. As an aircraft broker, it's important to be transparent about the costs involved in purchasing a private jet, and to work with your clients to find the best value for their needs.
Pre-owned business jets are popular for aircraft brokers
Pre-owned business jets make up a significant portion of jet aircraft sales. According to JETNET LLC, pre-owned business jet transactions accounted for 79.8% of total business jet transactions in 2020. As an aircraft broker, it's important to be familiar with the pre-owned market and to help your clients navigate the options available to them.
Aircraft brokers have a crucial role in the private jet industry
The COVID-19 pandemic has caused a surge in demand for private aviation due to health and safety concerns. As an aircraft broker, you play a crucial role in facilitating these transactions, connecting buyers with the right aircraft for their needs. While the industry is expected to recover, it is also likely that the pandemic will have a lasting impact on the private jet industry, and aircraft brokers will continue to play a vital role in meeting the demand for private travel.
In conclusion, aircraft brokers play an important role in the private jet industry, connecting buyers with the right aircraft for their needs. With continued demand for private jet travel, and the popularity of pre-owned business jets, aircraft brokers are poised to play an even more important role in the future of private aviation.
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