Global Jet Capital’s Q4 2019 Quarterly Market Briefing covers the state of the aviation market for new and pre-owned business jets in 2019. Additionally, this report provides 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:
- Led by new deliveries, the business jet transaction market stabilized in the second half of 2019 after a weak first half
- Despite threats to trade, economic growth remained slow and steady while consumer confidence and low unemployment served to reassure many business jet market participants
- New deliveries refreshed a jet fleet that has been aging since the end of the financial crisis
- As the overall market stabilized, inventories continued to increase, but at lower rates in Q4 than earlier in the year
- Overall average residual values remained stable in 2018 and 2019, but model by model volatility continued, particularly in the heavy jet segment towards the end of 2019
- Sustainability will become increasingly important to the industry, which is now developing new techniques and technologies to offset and reduce carbon emissions