The private jet sales industry is experiencing a resurgence as the demand for private aviation increases. Based on the International Aircraft Dealers Association, second-quarter private aviation sales jumped nearly 50% from the prior year. Despite a decline in demand, new aircraft buyers will still be able to find a whole lot in the resale market. Brokerages like Avinode are helping buyers find affordable and high-end planes.
As the global travel industry grinds to a halt following the recent COVID pandemic, the demand for private jets is continuing to grow. The United States and Europe have the best volume of preowned aircraft, which equates to a growth of 10% over the previous year. Plenty of jet manufacturers and brokers are offering deals for pre-owned planes, and are seeing a big boost in the demand for new ones.
In Australia, there were only 230 private jets in use within 2019. There are more than 21,979 private jets in operation. These sales are fuelled by the coronavirus pandemic, which created a rush of new private aircraft. And regardless of the restrictions of the era, the demand for private aviation continues to rise. Currently, there are lots of factors to consider before purchasing a personal plane. These generally include the cost of ongoing maintenance, the amount of passengers to transport, the amount of aircraft, and the tax implications.
The private jet market keeps growing rapidly, and you can find a wide array of buyers in the industry. As the US has the largest private aircraft market, the UK is second. Canada is the biggest private aviation market. The US is the 2nd largest. With an increase of than three million flights daily, the U.K. and Australia are the largest markets. For the US, the private aviation market is the biggest and priciest in the world. Unlike the commercial aviation sector, the commercial airline industry has no competition in this sector.
For more details check out Sky Aviation Holdings.
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