Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Stable demand for business jets combined with high backlogs at major OEMs and relatively low preowned inventory “should enable the industry to weather any potential economic downturns in the foreseeable future,” business jet financier Global Jet Capital (GJC) said in its <a href="https://www.globaljetcapital.com/q3mb-2023">third-quarter Business Aviation Market Brief</a>. “Within the business jet industry, flight operations were down compared to 2022 (but higher than pre-Covid levels), inventory levels climbed but remained below historical averages, and transactions declined from recent high levels.”
Though the global economy has been resilient year-to-date, GJC warned about headwinds such as wars in Ukraine and Israel, tightened monetary policy, slowing growth, and lower consumer confidence. On the positive side, it noted higher-than-expected job creation in the U.S., as well as strong retail spending and industrial production in China. Still, GJC believes a “mild and short-lived” recession is likely in the next 12 months.
According to the company, business aircraft flight operations fell 3 percent year-over-year in the third quarter but were 14 percent above third-quarter 2019 levels, “demonstrating sustained demand for business aviation.” It also noted book-to-bill ratios at business jet manufacturers remain above 1:1, “placing OEMs in a position to weather economic downturns.” GJC pointed out that preowned inventory, while climbing, is still below historical averages, with aircraft values holding up well despite a return to historical depreciation profiles.

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Global Jet Capital: Business Aviation Can Weather Any 2024 Economic Storms

Bizjet financier cites strong demand, high backlogs, and low preowned inventory

The business jet industry will weather any economic storms in 2024 thanks to stable demand, high backlogs, and low preowned inventory, says Global Jet Capital.

GJC: Bizav Can Weather Any Economic Storms in 2024

2024 Corporate Aviation Leadership Summit

Kerry Lynch

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Ultra-long-range model has amassed 75 records, many from customer trips

Speed Records Abound for Bombardier's Global 7500

We talk through the process from conception to delivery

Flying Privately: How Aircraft Like the Bombardier Global 8000 Come to Life

Hanneke Weitering

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

News about simulators and training procedures, as well as workforce.

AltiSky will assemble, sell, and service VoltAero's aircraft

VoltAero Picks U.S. Distributor for Cassio Hybrid-electric Aircraft 

Jennifer Leach English

Company noncommittal on expanding its lineup upwards, citing $1B investment cost

Embraer’s Plans for a Larger Bizjet Remain Up in the Air

Operations ebbed, backlogs were steady, and available aircraft increased

GJC: Bizjet Market Continues To Stabilize in 3Q2024

Greenville-based charter operator pre-orders 10 eVTOL air taxis

SAI Flight To Operate SkyDrive eVTOL in South Carolina

Charles Alcock

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

In this article

Global Jet Capital

More In Aircraft

Speed Records Abound for Bombardier's Global 7500

Ultra-long-range model has amassed 75 records, many from customer trips

Flying Privately: How Aircraft Like the Bombardier Global 8000 Come to Life

We talk through the process from conception to delivery

VoltAero Picks U.S. Distributor for Cassio Hybrid-electric Aircraft

AltiSky will assemble, sell, and service VoltAero's aircraft

Embraer’s Plans for a Larger Bizjet Remain Up in the Air

Company noncommittal on expanding its lineup upwards, citing $1B investment cost

GJC: Bizjet Market Continues To Stabilize in 3Q2024

Operations ebbed, backlogs were steady, and available aircraft increased

SAI Flight To Operate SkyDrive eVTOL in South Carolina

Greenville-based charter operator pre-orders 10 eVTOL air taxis

AMSL Starts Untethered Flight Tests with Vertiia eVTOL Aircraft

Australian start-up is developing a hydrogen-powered aircraft

Deliveries Increase as EHang Works to Boost eVTOL Aircraft Performance

Chinese manufacturing wants to extend range with solid-state batteries

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN