Gulfstream Wins Four NBAA Sustainable Accreditations
Gulfstream has been awarded four National Business Aviation Association (NBAA) Sustainable Flight Department Accreditations. The…
The global business aviation market has displayed resilience despite inflation and supply chain issues for the third quarter of 2022, according to Global Jet Capital’s market brief.
Despite a 2.7% decline between the second and third quarter, flight operations have improved as a result of demand from new users and returning customers. The industry has also seen a 13.3 percent increase in aircraft listings, with aircraft owners selling their aircraft to take advantage of the pricing environment.
In spite of the strong demand, supply remains at low levels, as backlogs went up by 38.8% to US$43.5 billion, with the book-to-bill ratio for the quarter reaching 1.3:1. The rising backlog level was seen in major OEMs including Bombardier, Gulfstream, Cessna and Embraer.
Global Jet Capital, a financial solution provider in business aviation, said new and pre-owned transaction volume increased by 9.8 percent year on year to US$18.9 billion, following an upward trend in value and a continued shift toward heavier aircraft.
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