Global Jet Capital’s Q3 2020 Quarterly Business Aviation Market Report

Global Jet Capital’s Q3 2020 Quarterly Business Aviation Market Report


Following low points in Q2 2020, the business jet industry has steadily recovered and, despite challenges related to the COVID-19 pandemic, has performed well through Q3. Flight operations improved, pre-owned transactions increased, and inventory levels began to decline.

Global Jet Capital’s Q3 2020 Quarterly Market Briefing covers the state of the aviation market for new and pre-owned business jets; including, an overview of overall economic conditions, business jet flight operations, pre-owned and new market conditions, business jet transactions, and changes in aircraft residual values.

This report includes the following insights:

  • Business jet flight operations in Q3 2020 were 17 percent below Q3 2019, a significant improvement from the 50.4 year-over-year decline recorded in Q2.
  • OEM backlogs declined 11 percent from a year ago; however, much of that decline occurred earlier in 2020 at the height of the pandemic’s impact. The decline between Q2 and Q3 was a healthier 2 percent.
  • New production has recovered at a slower rate than pre-owned transactions as OEMs work to restart supply chains and adjust to lower spot market purchase demand. Increases in pre-owned transactions indicate continuing demand for aircraft in the market.
  • As a result of steadily improving pre-owned market conditions, inventory declined in Q3 and remains at a healthy level below 10 percent of the fleet.
  • Residual values were a mixed bag, with some larger aircraft declining in value while newer small and medium aircraft were more stable.

Special Feature Contributor: Jason Thomas, Managing Director and Head of Global research for The Carlyle Group, discussing the global economic impact of COVID-19.

Click here to download the full report:

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Posted By GJC Insider  \  

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