
Report ID: SQMIG45L2016
Report ID:
SQMIG45L2016 |
Region:
Global |
Published Date: January, 2025
Pages:
167
|
Tables:
89 |
Figures:
71
The global business jet market is the increasing demand for time-efficient, flexible travel among corporate executives and high-net-worth individuals. Most business jet lest fast access, sufficient privacy and conveniency considering the number of airports that can be accessed and the nature of travel being direct and on demand which makes them necessary for a busy professional or businessperson.
Increased buying activity of business jets globally can be attributed to improved sources for jet design such as enhanced fuel economy, longer reaching capacity along with better cabin sophistication. These innovations appeal to wealthy individuals and business entities wanting modern aircraft that with good performance and low operating costs, and high viability, hence propelling the business acquisition of jets across all regions of the globe.
One of the important impeding factors of the global business jet market is changing fuel prices. The high and volatile fuel price aspect raises dramatically the cost of business jet ownership and operation, leading to aversion on the part of the users for frequent use and creating a risk factor on individual and corporate buyers within the air transport system.
The constraints in the internet facilities and the prohibition in the usage of airstrips in some regions. In several Third World countries, the shortage of sufficient existing infrastructure for aviation especially small dispute airports and air traffic management systems, restricts the growth phase of business jets activities, reducing the growth potential of the global business jet market analysis in those regions.
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Report ID: SQMIG45L2016