Summary of our market study

The global private jet market, mainly driven by private jet rentals and valued at $25.87 billion in 2021, is anticipated to grow at a CAGR of 4.06% from 2022 to 2029, leading to a projected market size of $38.13 billion by 2029. This growth is fueled by the increasingly luxurious travel preferences of multinationals and high-net-worth individuals, with the United States and Europe together accounting for the majority of market activity. The Covid-19 pandemic has boosted demand as private travel offers reduced health risks and fewer restrictions, with companies like Vista Jet witnessing a 50% increase in customers between 2020 and 2021. France, as Europe's top market for private jet movements, has similarly experienced revitalization, especially at Paris Le Bourget airport. Although the sector faces challenges due to environmental concerns and a potential first-class collapse in commercial flights, companies are responding with innovations such as eco-friendly fuel alternatives and electric or hydrogen-powered aircraft. Despite manufacturing and capacity hurdles, such as delivery delays due to component shortages, the industry is positioned for continued growth as wealth concentrations increase, with billionaires showing a 263% rise for 2022.

Dynamics of Private Jet Demand in the French Market

The French private jet market has experienced significant growth in recent years, stemming from a combination of factors such as the search for exclusivity, convenience, and the impact of the Covid-19 pandemic on travel behaviors. Notably, France has emerged as Europe's premier market for private jet movements, with bustling activity concentrated largely in the Ile-de-France and Provence-Alpes-Côte D'azur regions. The appeal of airports such as Paris Le Bourget, which saw more than 48,000 movements in one year alone, highlights the market's vitality. An uptick in activity has produced a rebound effect following a difficult period for the aviation industry as a whole.

Reports indicate a surge in private jet travel, with increases between 25% to 60% in requests for private flights compared to the previous year. This demand is driven primarily by business travel, where multinational corporations and high-net-worth individuals seek the privacy and efficiency that private jets can provide. The market is seen as a reliable alternative to commercial flights, especially given its perks such as fewer passengers, more flexible departure times, and limited points of contact, which are particularly valuable in an era where health and safety are paramount. In examining the broader global context, the private jet market reflects a compound annual growth rate estimated between 3% and 5%. This growth is mirrored in France, where market recovery has been swift, aided by the demand for business travel.

Although the high costs associated with private travel were once a barrier, the emergence of new customer segments and the trend of sharing flights among multiple travelers have begun to counterbalance these concerns. Despite the resurgence, the private jet sector must contend with the pressing issue of environmental impact. With emissions five to fourteen times higher than commercial flights and up to fifty times more than trains, eco-conscious solutions are increasingly sought after. Industry players have begun to explore alternatives such as biofuels, electric or hydrogen-powered engines, and more ecologically sound production methods. Collaborative efforts between airlines and ecological organizations aim to soften the environmental footprint and align with the greener demands of the public.

In summary, the French private jet market, representing a multi-billion dollar sector, has demonstrated resilience and adaptability amidst global challenges. It continues to ride the wave of new client behavior and environmental innovations, with France positioning itself at the forefront of this exclusive aviation segment.

Pioneers and Titans of the Private Jet Industry

The private jet industry is composed of several key players, each bringing its own unique strengths and specialties to the aviation table. These companies are at the forefront of luxury, innovation, and connectivity in the sky, pioneering new models and services to cater to the demanding needs of their elite clientele. Here, we explore some of the titans that shape the upper echelons of private air travel.

  • Airbus - The European Aviation Powerhouse Airbus, the European multinational aerospace corporation, stands tall as one of the world's two largest aircraft manufacturers. Though mainly renowned for producing commercial airliners, Airbus has also made a distinctive mark in the private jet market with its Airbus Corporate Jets (ACJ) series, including models like the ACJ 318, ACJ 319, ACJ 320, and ACJ 321. These jets embody the fusion of dependable performance and European elegance.
  • Beechcraft - Champion of Accessibility and Performance Hailing from the United States, Beechcraft Corporation has established itself in creating affordable and high-performance small turboprops. With a legacy in aviation, their King Air and Hawker series have become synonymous with efficiency and reliability. These aircraft are particularly popular among those who seek the practicality of air travel without compromising on quality.
  • Boeing - The Architect of the Business Skies Boeing is an American behemoth and a leading name in commercial airliners. The company extended its expertise into the business jet sphere with its Boeing Business Jet services. Ranging from the narrow-body 737 to the capacious 747-8 or the long-range 777, Boeing has tailored a collection of aircraft that go beyond mere transportation, offering an airborne experience that mirrors a flying penthouse.
  • Bombardier - A Purveyor of Versatility Canada's Bombardier has been a major player in the aeronautics industry, and their Learjet, Challenger, and Global product lines are perfect exemplars of aircraft suited for both short-haul and intercontinental flights. From the Challenger 605 to the Global 7500, Bombardier's jets are famous for blending unparalleled comfort with incomparable engineering.
  • Cessna - The American Business Aviation Trailblazer An institution in American business aviation, Cessna's rich history is evident in its range of turboprops and its influence as a former leading manufacturer of private jets. 
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Summary and extracts

1 Market overview

1.1 Definition and scope of study

Jets are generally smaller and more upscale than airliners. The private jet market is a segment of the more global aviation market, distinct from commercial flights. The sector includes business travel and, to a lesser extent, personal aviation.

There are different types of jets on the market, ranging from Very Light Jets (with up to 5 seats) to Large Jets (with up to 20 passengers). The market is mainly driven by private jet rentals, although some individuals also opt to purchase these machines.

The global market is dominated by the United States and Europe, which account for 90% of market activity and 77% of the world's private jet fleet. After experiencing a contraction between 2017 and 2018, the global market has since breathed new life into itself, with a compound annual growth rate (CAGR) estimated by Fortune Business Insights at 4.06% over the period 2022 to 2029. This growth is driven by the enthusiasm of multinationals and the super-rich. The global private jet fleet is expected to grow from around 4,600 in 2019 to nearly 8,000 over the next decade.

France is Europe's leading market in terms of private jet movements, with activity concentrated mainly in the Ile-de-France and Provence-Alpes-Côte-D'azur regions (especially Paris and Nice). After several years of sluggish growth, the French private jet market is seeking to reinvent itself. In contrast to its catastrophic effect on airline aviation, the coronavirus crisis has been the long-awaited catalyst for private jets, boosting activity. Business-dependent, the number of requests rose from 25% to 60% in 2021 compared to the same period the previous year. Capitalizing on this new momentum to reap the benefits in the longer term is therefore a key challenge for the market.

However, factors such as climate change and the French government's call for efforts to reduce energy consumption are currently calling private jet travel into question. For example, we are seeing the emergence of public protests condemning the excessive travel habits of the very rich, as evidenced by the creation of social network accounts publishing the jet travel habits of the very rich.

1.2 The global private jet market

The worldwide Covid-** epidemic has not only caused a partial collapse in air travel, but travel has become even more complicated, and many people are still reluctant to travel. More people than before are now opting for private jets, as they limit health contacts and are subject to fewer regulations. As ...

1.3 The French private jet market

According to theEuropean Business Aviation Association(***) compared with ****, reaching ***,*** movements over the year. The majority of these movements took place at Paris Le Bourget airport, with **,*** arrivals and departures, including *,*** to Nice, the busiest intra-national route in ****.in both French and European terms, Paris Le Bourget is the busiest airport, ahead ...

2 Demand analysis

2.1 Typology of demand

The results of a survey of business travelers conducted by Fly Aeolus provide a better understanding of the demand segments for private/business jets. Some of the results are discussed below.

Demand segmentation by trip type Europe, ****, in Source: ****

In total, according to the graph above, **% of all travelers surveyed fly ...

2.2 The main determinants of demand

The main criteria taken into account for a flight Europe, ****, in Source: ****

The criteria for choosing a flight for business purposes are often quite dictated by the flight schedule, but this is not the only criterion, since the graph above shows that the fact that the flight is direct, the departure ...

2.3 Potential areas for improvement to meet demand

Key areas for improvement in the travel experience Europe, ****, in Source: ****

Waiting thus seems, as announced in the previous sections, to be one of the main points for improvement linked to business flights. **% of business travelers would like to spend less time on the way to and in the airport. This ...

2.4 Trends in demand for private jets

The Covid-** pandemic has seen a phenomenal surge in private jet activity: with air travel still affected by the health crisis, the wealthiest and some business travellers are turning to these much more convenient means of air transport.

It turns out that a significant number of private jet flights are indeed ...

2.5 Environmental issues influence demand

The summer of **** was the second hottest on record after ****, with temperatures*.*°C higher than the average observed between **** and ****, according to Météo France in its summer report dated August **, ****. This once again raised the question of climate change and the measures to be taken to limit heatwave phenomena ...

3 Market structure

3.1 The structure of the private jet market

Private jet value chain based on the Dassault Aviation production modelFrance

Source: ****

The private jet industry includes a number of traditional players in the sector, who in this case are part of the aeronautics industry as a whole, and whose activities are not confined to the design and manufacture of private ...

3.2 Private jet production in France

In this section, we use NAF code **.**Z entitled "Construction aéronautique et spatiale", since private jet builders are above all aircraft manufacturers. According to the INSEE definition, this NAF code includes :

Construction of aircraft for freight and passenger transport, for the armed forces and for sporting use Construction of helicopters Construction ...

3.3 The players in private jet transport

The private jet market isn't just about building jets. Above all, it concerns the travel services offered by various players such as Vista Jet, the world leader in the business jet market. In this section, we'll be using NAF code ****Z, which stands for "Passenger air transport".even if only **% of ...

3.4 Distribution of private jets on the market

The main airports around which journeys are concentrated :

Paris-Le Bourget airport, mainly dedicated to business aviation:Paris-Le Bourget airport is unique in Europe. It is the only airport catering exclusively to private aircraft. From turboprops to regional aircraft for group flights, all types of private aircraft are available. The way Le ...

4 Offer analysis

4.1 Typology of private jet rentals

Jets can be differentiated in a number of ways, including size, maximum distance they can travel, maximum number of passengers, price, luxury...We've decided to use two typologies to provide more information. The one below gives an overview of the aircraft's flight zones. We have :

Turboprop aircraft, capable of carrying between ...

4.2 The offer to buy private jets

Different purchase costs:

Here are a few non-exhaustive examples of market prices for private jets:

Source: ****

However, there are also offers for pre-owned private jets:

Source: ****

A minimum of *** hours per year for a purchased aircraft pays for itself:

The price of the aircraft must always be compared with the frequency ...

4.3 Environmental concerns linked to the rise of private jets

Private jets generate * to ** times more pollution per passenger on board than airliners, and ** times more than a train, according to Transport & Environment. The NGO fears that the phenomenon will worsen in the future, as jet owners opt for larger and larger aircraft.

Between **** and ****, pollution from these aircraft rose by ...

4.4 The effects of war in Ukraine

The effects of the conflict on French aerospace construction

France is a world leader in the aeronautics market, thanks in particular to Airbus. Players in this market participate in various ways in the construction of jets destined for the market. However, the war in Ukraine has put the brakes on global ...

5 Regulations

5.1 Current regulations

There are two major regulations: the Federal Aviation Administration (***) isobtained or renewed. The flight crew must meet medical and technical competency requirements, and the aircraft must undergo an inspection.

The FAA is very simplified for private transport (***), while EASA is trying to bring private transport regulations closer to those of commercial ...

6 Positioning the players

6.1 Player segmentation

  • Dassault Aviation
  • Airbus Groupe
  • Embraer
  • Bombardier
  • Boeing
  • Piaggio
  • Jet Agency
  • Vista Jet
  • NetJets
  • AstonJet
  • Flying 7 Air

List of charts presented in this market study

  • Private jet market size forecasts
  • Breakdown of the private aviation market for VistaJet, the sector leader
  • Demand segmentation by trip type
  • Average number of air journeys made by business travellers
  • The main criteria taken into account for a flight
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Latest news

Airbus wins major Asian contracts - 21/03/2024
  • - Airbus has announced two major contracts in Asia, totaling 65 aircraft with an estimated value of over ten billion dollars.
  • - Japan Airlines has ordered 21 long-haul Airbus A350-900s and 11 medium-haul A321s.
  • - Korean Air has ordered 35 long-haul A350s, including 27 of the A350-1000 model.
  • - The Boeing 777X is two years behind schedule in its certification process.
  • - The Russian overflight ban puts Boeing's 787 Dreamliners at the limit of their range for Japanese and Korean airlines.
Airbus breaks all order records - 14/12/2023
  • Airbus has surpassed its 2022 score, with 1,512 orders booked up to the end of November 2023.
  • The number of orders in 2023 is 40% higher than in 2022.
  • Airbus has a record backlog of over 8,000 aircraft. This represents just over eleven years of production at the current rate.
  • Boeing also had a very good year in 2023, with 1,085 new orders
  • Boeing's order book stands at 5,914 aircraft Boeing is behind Airbus in order intake and deliveries for the sixth year running.
Airbus, Tarmac Aerosave ;Services, the future golden goose of aeronautics - 30/11/2023
  • By 2023, 4.3 billion passengers will have been carried (4.5 billion in 2019)
  • Between 2023 and 2042, the aeronautical services market is expected to grow by 3.6% a year to reach $255 billion.
  • Of this total, fleet maintenance, which is set to double to 46,560 aircraft (from 22,880 in 2020), will generate $210 billion in revenues by 2042.
  • Improvements to existing aircraft - optimized fuel consumption, use of sustainable aviation fuel, etc. - will account for a further - will account for 28 billion.
  • By 2042, airlines will need to recruit 2.2 million people, including 590,000 pilots, 920,000 flight attendants and 680,000 technicians.
  • Airbus sales will be worth 9.8 billion euros in 2022, compared with 8.6 billion in 2021.
  • Airbus Services business now exceeds that of the helicopter division (7 billion in 2022).
  • Boeing achieved sales of 17.6 billion in services in 2022.
  • Airbus steps up recycling and conversion of airliners: 17,000 older aircraft will be replaced over the next twenty years, generating a major market for the conversion of passenger aircraft into freighters, the resale of spare parts and the sale of spare parts for the Airbus Group.tarmac Aerosave is a world leader in the storage, maintenance, conversion and recycling of aircraft and engines.Its Skywise platform collects and analyzes all aircraft flight data, offering a predictive maintenance service More than 140 airlines are members of Skywiseriennes are Skywise members, representing around 50% of Airbus's worldwide fleet "Air France-KLM, which plans to set up an equally-owned service company with Airbus in early 2024.
Piaggio: 2 billion euros in revenues and counting. - 02/03/2023
  • Net income in 2022: 84.9 million euros (41% increase over 2021)
  • Net income in 2021: 60.1 million euros
  • Revenues in 2022: 2.09 billion euros (25% increase over 2021)
  • Revenues in 2021: 1.67 billion euros
  • Vehicles sold in 2022: 625,000 (17% increase on 2021)
  • Vehicles sold in 2021: 536,000
  • Sales growth by region in 2022 : - Asia-Pacific: +57% - Americas: +43% - EMEA: +10% - India: -5.3
  • Scooter market share in 2022 : - Europe: 22.9% - North America: 35.4
  • Increase in scooter sales in 2022: +14% (thanks to Vespa, Piaggio Liberty, Piaggio 1, and Aprilia brands)
  • Motorcycle sales volumes in 2022: up 20%.
Piaggio: 2 billion in revenue and growth in profits and sales - 02/03/2023
  • Net income 2022: 41% increase, 84.9 million euros versus 60.1 million euros in 2021
  • Revenues 2022: 25% increase, 2.09 billion euros versus 1.67 billion euros in 2021
  • Vehicles sold in 2022: 625,000, up 17% from 536,000 in 2021
  • Scooter market share in Europe: 22.9% in 2022 vs. 22.7% in 2021
  • Scooter market share in North America: 35.4% in 2022 versus 35% in 2021.
Airbus: easyJet strengthens its fleet with 56 new A320neo aircraft. - 21/06/2022
  • EasyJet has placed a $6.5 billion order with Airbus for 56 A320neo and A321neo aircraft.
  • The agreement also includes the conversion of 18 A320neo aircraft into A321neo.
  • Aircraft to be delivered between 2024 and 2029
  • EasyJet points out that these aircraft consume 15 to 25% less fuel

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Dassault Aviation
Airbus Groupe
Jet Agency
Vista Jet
Flying 7 Air

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