Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

The third quarter was one of stabilization for the business jet market with operations, orders, available aircraft, and pricing all ebbing but at the same time normalizing, according to Global Jet Capital’s latest Business Aviation Market Brief.
“Despite this shift, the market continues to show strength and resilience,” Global Jet Capital maintained, pointing to strong OEM backlogs, operations that remain above pre-pandemic levels, and still-low availability of newer and more desirable preowned aircraft.
In the third quarter, flight operations decreased by 1.3% year over year (YOY) but were 1% higher than the second quarter and still 14.6% above pre-pandemic third-quarter 2019. Global Jet Capital said this dynamic reflects “an enduring expansion in the user base for business aviation.” Fractional operations remain the strongest sector in terms of growth, expanding slightly in the third quarter.
OEM revenue was up by 15.3% YOY while backlogs remained high at $45.6 billion—just a 1.1% dip YOY. Orders in the quarter declined YOY but were still up 20.4% from 2019.
Preowned transactions remained stable as more aircraft came on the market. New preowned public listings were up 13.3% YOY. Aircraft 13 years and older represented 69.6% of the new listings at the end of the quarter. Aircraft available for sale represented 7.8% of the total fleet as of October 31—still below the 10% average of the last decade.
“As inventory increased, the market shifted from a seller’s market to a more neutral state,” Global Jet Capital said. Values for older aircraft (13+ years) decreased by 4.4% but increased by 0.8% for newer aircraft.
Further, market conditions remain favorable, the aircraft financier said, with stable GDP growth of 2.7% during the first three quarters of the year and declining inflation, despite ongoing headwinds. Central banks are lowering interest rates, Global Jet Capital said. “Overall, the industry is well-prepared to handle any potential market disruptions.”
As for the headwinds, geopolitical conflicts continue, including in Eastern Europe and the Middle East. While easing, interest rates remain high and the potential for continued de-globalization and trade conflicts can continue those headwinds.

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 Jet Market Continues To Stabilize in 3Q2024

Operations ebbed, backlogs were steady, and available aircraft increased

GJC: Despite a decrease in operations, slide in orders, and increase in aircraft on market, a strong backlog and still high number of ops show market strength.

GJC: Bizjet Market Continues To Stabilize in 3Q2024

2024 Corporate Aviation Leadership Summit

Jennifer Leach English

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.

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

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

Hanneke Weitering

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

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

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

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

NBAA Expands Roles for Two Senior Executives

Jo Damato and Andrew Broom assume additional responsibilities

Transport Canada Certifies Cirrus SR G7 and Vision G2+

Similarities between the piston- and jet-powered Cirruses make transition training easier

Electra Launches Hybrid-electric EL9 STOL Aircraft

Aircraft will be able to take off in 150 feet of runway

Beta Flies First Electric Airplane Produced in Vermont Factory

First production-representative Alia CX300 takes flight

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN