Global Jet Capital, a global leader in financial solutions for business aircraft, released its 5th annual Business Jet Market Forecast today to coincide with the beginning of the National Business Aviation Association (NBAA) convention in Las Vegas. In the updated report, the company projects continued growth in the business aviation industry for the next five years, keeping pace with resilient economic growth and wealth creation worldwide. The forecast also contains insights and projections for the business aviation market through 2029, including breakdowns of new deliveries and pre-owned transactions. The high level of detail in the reportis based on outputs generated by Global Jet Capital's proprietary transaction forecast model.

"The market is seeing increased demand for both fleet-owned and whole-owned aircraft, with year-to-date departures increasing 2.8 per cent in 2025 from year-ago levels. OEMs should steadily increase deliveries to fulfill high backlogs but lead times remain long, which has led to increased activity in the pre-owned market from some buyers with immediate needs. Overall, transactions are expected to increase 8.3 percent in 2025, and dollar volume should increase 6.0 percent. Over the next five years, transactions are expected to increase at an average annual rate of 3.9 percent," Andrew Farrant, Chief Marketing Officer, stated.

Based on its econometric top-down model, Global Jet Capital projects $206 billion in total transaction volume of new and pre-owned aircraft between 2025 and 2029, with dollar volume expected to grow at an average annualized rate of 3.9 per cent during that time.

In the report, the company forecasts that deliveries of all size categories will increase during the period, but heavy long-range jet demand should increase at faster rates than other sizes as demand favors more range and capacity, with an anticipated increase in transaction volume for new and pre-owned heavy jets of 5.3 per cent and 6.1 per cent respectively. North America is expected to remain the largest business jet market over the next five years, while Latin America is poised to overtake Europe as the second largest market by virtue of its high demand for pre-owned jets. Europe will continue to be an important market for new jets.