The NBAA’s 2024 Business Aviation Convention & Exhibition emphasised using industry giants’ lessons to drive toward a promising future. “We create jobs, provide global access, boost productivity, support relief efforts, and continuously focus on efficiency and sustainability,” said NBAA’s President Ed Bolen.
The NBAA-BACE panel of top aircraft brokers reported continued demand for pre owned jets, despite a market adjustment post-COVID. “Year-over-year, we’re seeing a balanced, healthy market,” noted jetAVIVA CEO Emily Deaton. While fleet availability rose to 6-7 per cent, Dallas Jet International’s Brad Harris emphasised it remains a seller’s market.
Shifts in buyer demographics also emerged, with younger clients favoring fractional ownership and single-seat charters due to sustainability considerations. Looking forward, Steve Varsano of The Jet Business pointed to OEMs’ own advanced products from the last decade as their main competition. Transaction times remain strained due to supply chain issues, but brokers don’t expect headlines on the economy or geopolitical events to impact jet sales significantly.
“People buy airplanes because they need them for business,” Varsano concluded. Through several of these discussions that took place during the convention, some of the major topics and trends observed at NBAA BACE included Fractional Ownership; Business Aviation Safety and Security; Sustainability; Advance Air Mobility; Artificial Intelligence in Business Aviation and the growth trends of the industry.
FRACTIONAL OWNERSHIP INSIGHTS AT 2024 NBAA-BACE
Denne historien er fra Issue 10, 2024-utgaven av SP’s Aviation.
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Denne historien er fra Issue 10, 2024-utgaven av SP’s Aviation.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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KLM: THE WORLD'S OLDEST AIRLINE STILL GOING STRONG!
In 1930, KLM began scheduled passenger service between Amsterdam and Jakarta. The Fokker F.XII plane took 10 days to reach, including 81 hours of flying time. It was the world's longest scheduled flight before the Second World War.
SPICEJET'S $90 MILLION DEAL WITH CANADIAN Q400 PLANES
SpiceJet has successfully resolved a significant dispute with Bombardier over a fleet of Q400 turboprop planes in the form of a $90 million settlement, marking the end of a prolonged legal battle that also has broader implications for the Indian aviation sector
TAPPING THE UNCHARTED WATERS
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FLIGHT PLAN FOR NAVIGATING BUSINESS AIRCRAFT FINANCING
The business aircraft financing market has witnessed significant growth post-pandemic, driven by increased demand for private and chartered flights
TRUMP'S VICTORY: WHAT WILL IT UNFOLD FOR INDIA
For India, one of the most significant aspects of Trump's return will be his approach to China. There is a possibility that Trump will continue to view India through a transactional lens, prioritising trade deficits and economic returns. The role which the US plays as the global tech powerhouse is the model for future growth which cuts across economy to security. In all potential, there are mostly positive signs, rather another defining era for Indo-US relations could unfold if indicators are right. The convergence of mutual interest for both democracies is too obvious.
ANTARIKSHA ABHYAS-2024
The first ever tri-services Defence Space Exercise was a significant building block towards holistic capability in global space operations
INDIA'S GSAT-20 SATELLITE LAUNCHED
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A LEGACY OF PRECISION, POWER, AND POISE IN THE SKIES
With a vision for comfort, excellence and sustainable aviation, Dassault's Falcon family embodies the peak of technological and environmental advancements
INDIA'S RICHEST BUYS BBJ
Private jets play a strategic role in allowing business magnates like Ambani to optimise time management, particularly critical given his global business commitments and a packed travel schedule.
PRIME MINISTER INAUGURATES AIRCRAFT COMPLEX FOR MANUFACTURING OF C295 AIRCRAFT
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez jointly inaugurated the TATA Aircraft Complex for manufacturing of C295 aircraft at TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat on October 28, 2024.
