Global business jet market

Abstract Global Business Jet Market: Overview Business jets are the aircraft that are used to carry small groups of people.

Global business jet market

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April 18, Content info: Business jet holds the largest share in the general aviation market, in terms of revenue. Increasing Demand Driving Growth Since the economic downturn caused by the crisis, the market recovered adequately, which led to the acceleration of the annual sales of the business jet in The shipment of business jet increased by For the most part, several manufacturers reported flat or declining delivery statistics during the first quarter of Due to the increasing income at a global level, business jet, especially in the light and very light catego-ry, have ceased to be the domain of only the ultra-rich.

Timeshare and fractional ownership programs have also enabled people to own private jets. Most popular light business jet can be purchased for around USD 4 - 8 million, thus, expanding the customer base. The biggest restraint that affects the business jet sales, especially in the regions of South America, Africa, and Asia-Pacific, is the lack of in-frastructure.

Should the infrastructure be available, the expenses are so high that it makes operations, based on business jets service, unfeasible. Approximately three-fourths of the sale of business jets is centered in the developed regions, mainly North America and Europe.

Global business jet market

The rest of the regions are highly underpenetrated and could witness mas-sive growth rates under feasible conditions, thus, driving the global business jet market. The strict reg-ulatory framework set by the DGCA Directorate General of Civil Aviation governs policy regulations for private jet ownership and charter companies.

The global business jet market has been segmented on the basis of jet size, operators, and geography. By jet size, the market has been segmented into very light jets, light jets, mid-size jets, super mid-size jets, large-cabin jets and heavy jets.

Global Business Jet Market - Growth, Trends and Forecast ( - )

By operators, the market has been segmented into charter companies, fractional ownerships, corporate usage and private ownership. Key Developments in the Market: Sales of business jetliner Falcon have stopped dwindling as orders rose to 41 from 33 in and it expects sales revenue to be higher than USD 4 billion in Bombardier announced that they witnessed a decline in the sales of their business jets owing to fall in the demand of business jets from the customer but are confident in terms of market re-covery.

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Please connect with our analyst, who will ensure that you get a report that suits your needs.The Boeing Business Jet series are variants of Boeing jet airliners for the corporate jet market.

The Boeing Business Jet is a 50/50 partnership between Boeing Commercial Airplanes and GE Aviation..

The BBJ designation denotes the business jets based upon the series airliners. These aircraft usually seat between 25 and 50 passengers within a luxurious configuration. According to the new market research report "Business Jet Market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet), by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa) - Global Forecasts, Trends & Analysis to - ", the global business jet market was valued at $ billion in and is.

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LONDON, Aug. 16, /PRNewswire/ -- The Global Business Jet market continues to face & brave a challenging, complex & uncertain global macroeconomic environment marked by ongoing political.

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Business Jet Market worth $ Billion by