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EXECUTIVE SUMMARY<br />
There were 2,428 business jets operating in <strong>Europe</strong> at the end of December <strong>2022</strong>, which was a year-on-year increase of<br />
1.4%. The fleet changes during <strong>2022</strong> comprised 93 new deliveries, 210 pre-owned additions and 269 deductions, which<br />
resulted in a net fleet addition of 34 aircraft. <strong>Business</strong> jet demand in <strong>Europe</strong> continued to be affected by the COVID-19<br />
pandemic and the Russia-Ukraine conflict, especially for medium and long-haul flights, as travel restrictions to many<br />
regions and countries remained in place during much of <strong>2022</strong>. On a more positive note, the year-on-year fleet growth<br />
and increasing number of Long Range and Very Light jets are signs of increased demand for <strong>Europe</strong>an operators to use<br />
business jets inside <strong>Europe</strong>, as well as on flights to destinations outside of the region.<br />
Despite a 2.5% year-on-year reduction in<br />
terms of fleet size, Textron continued to<br />
be the most popular Original Equipment<br />
Manufacturer (OEM) in <strong>Europe</strong> with a<br />
fleet of 929 jets and 38% market share<br />
at the end of <strong>2022</strong>. This highlighted<br />
the preference for smaller aircraft and<br />
shorter range flights in <strong>Europe</strong>, as 83%<br />
of Textron’s fleet in the region comprises<br />
Light and Very Light jets. The US-based<br />
OEM delivered a total of 23 new jets<br />
to <strong>Europe</strong> during <strong>2022</strong>. Canadian OEM<br />
Bombardier had a 24% market share with<br />
a fleet of 576 jets, a net increase of four<br />
over 2021. The Long Range Global 7500<br />
accounted for 14 new deliveries to <strong>Europe</strong><br />
during <strong>2022</strong> – more than any other model.<br />
French OEM Dassault had a fleet of 289<br />
jets and 12% market share, which was<br />
down by 2.7% year-on-year. Embraer’s<br />
<strong>Europe</strong>an fleet increased by eight units<br />
over <strong>2022</strong> bumping up the Brazilian<br />
OEM’s fleet share to 10% in the region<br />
with a fleet of 254 jets at the end of <strong>2022</strong>.<br />
Gulfstream’s year-end <strong>2022</strong> <strong>Europe</strong>an fleet<br />
comprised 192 jets for a 8% market share,<br />
mainly in the Long Range category. One<br />
notable development during <strong>2022</strong> was<br />
NET FLEET GROWTH<br />
Positive Negative No Change<br />
TEXTRON<br />
BOMBARDIER<br />
DASSAULT<br />
EMBRAER<br />
GULFSTREAM<br />
BOEING<br />
AIRBUS<br />
-1.7%<br />
-2.5%<br />
5.7%<br />
0.7%<br />
-2.9%<br />
-2.7%<br />
3.8%<br />
3.3%<br />
-1.1%<br />
9.1%<br />
39.1%<br />
-12.5%<br />
11.1%<br />
0.0%<br />
OEM<br />
23<br />
32<br />
28<br />
18<br />
20<br />
20<br />
306<br />
237<br />
178<br />
297<br />
289<br />
246<br />
254<br />
176<br />
192<br />
541<br />
572<br />
576<br />
969<br />
953<br />
929<br />
LIGHT<br />
LONG RANGE<br />
MEDIUM<br />
LARGE<br />
VERY LIGHT<br />
CORP.<br />
AIRLINER<br />
Size Category<br />
1.9%<br />
-1.1%<br />
9.7%<br />
8.8%<br />
-1.4%<br />
1.1%<br />
-4.6%<br />
-2.4%<br />
1.8%<br />
3.9%<br />
40.0%<br />
-7.9%<br />
45<br />
63<br />
58<br />
414<br />
364<br />
359<br />
363<br />
390<br />
372<br />
363<br />
328<br />
334<br />
347<br />
454<br />
494<br />
797<br />
812<br />
803<br />
Notes:<br />
1. 2020 and 2021 data is based on JETNET LLC.<br />
2. Other OEMs include British Aerospace, Cirrus,<br />
Dornier, Eclipse, Fokker, Honda, Mitsubishi, Nextant,<br />
North American and Pilatus.<br />
OTHERS 2<br />
48.5%<br />
42.9%<br />
66<br />
98<br />
140<br />
2,338<br />
2,394<br />
2,428<br />
2020 1<br />
2021 1<br />
<strong>2022</strong><br />
4 | <strong>YE</strong> <strong>2022</strong> EUROPE BUSINESS JET FLEET REPORT
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