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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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.
GLADYS ROY (1896-1927)
On just her second flight, Gladys Roy co-piloted the plane, stepped out onto its wing and leapt off, floating safely to the ground with a parachute. Then and there she knew that her heart was in daredevil stunts and wing walking.
A BOOST FOR CONNECTIVITY AND ECONOMIC GROWTH
The recently launched India's guidelines for Seaplane Operations simplify certification for non-scheduled entities to operate under the UDAN scheme, eliminating the need for a water drome license and reducing compliance requirements for easier seaplane operations
A DYNAMIC HUB OF BUSINESS AVIATION INNOVATION
2024 NBAA-BACE wrapped up a week of groundbreaking announcements, innovative showcases, and forward-looking discussions that underscore business aviation's vibrant future
SHAPING BUSINESS AVIATION'S FUTURE WITH MILESTONES AND TRENDS
The 2024 NBAA-BACE highlighted major trends including Fractional Ownership, Business Aviation Safety and Security, Sustainability, Advanced Air Mobility (AAM), Artificial Intelligence in Business Aviation, and overall industry growth
GULFSTREAM FIRST OEM TO LINK-UP WITH STARLINK
This certification enables G650 and G650ER owners to upgrade their in-flight connectivity directly with Gulfstream that can support video calls, cloud-based applications, and data transfers
EFFECT OF MEGA EVENTS ON BUSINESS AVIATION
According to data from WingX Advance, mega events like the Olympics, significantly impact business aviation, driving increased movements across several regions
AIR TAXIS TO SOAR OVER INDIAN SKIES SOON
As India prepares for the launch of air taxi services in 2026, with plans to connect high-traffic areas, Directorate General of Civil Aviation (DGCA) has revealed the regulatory framework for 'Vertiports,' paving the way for air taxis to become operational in India
UNFOLDING RATAN TATA'S PASSION FOR AVIATION
\"IT IS WITH A PROFOUND SENSE OF LOSS THAT WE BID FAREWELL to Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,\" N. Chandrasekaran's statement confirmed the news, that hit millions of Indians like a ton of bricks.
