Asian Sky Quarterly 2022 Q1

GLOBAL
BUSINESS
AVIATION
MARKET
UPDATE
By Global Jet Capital
Business aviation flight and transaction activity was strong, the
major OEMs reported improving results following COVID-19 related
disruptions, and the pricing of pre-owned aircraft improved as inventory
declined. With new users continuing to enter the market, economic
growth is expected to maintain a positive trajectory, and general
business activity expected to increase, the business jet market should
maintain its current positive posture into 2022. Growth in Europe
and Asia will further drive the market as border restrictions ease and
international travel gradually resumes.
• Despite concerns related to supply chain disruptions, continued
COVID-19 outbreaks, and inflation, the global economy grew at a
strong pace.
• Driven by entry of new customers into the market, business jet flight
operations increased substantially compared to the same period in
2020, and 22 percent compared to 2019.
• OEMs reported another strong quarter for their order books, driving
up backlogs.
• With a 29 percent increase in 2021 compared to 2020, the value of
pre-owned transactions drove the overall business jet transaction
market, which grew 14 percent compared to the same period in 2020.
• Inventory levels continued to decline and remained at historic lows.
• Limited supply and continued demand have given business jet
sellers additional bargaining power, resulting in broad-based strength
in bluebook values.
raft Shopper Online
The Aircraft Market in Real Time
®
FIRST QUARTER 2022 — ASIAN SKY QUARTERLY | 51