Summary North America, especially the US, is the busiest region for private aviation worldwide, accounting for 66.9% of all departures. France, the UK, and other European countries also see significant private jet traffic, with growing numbers in Brazil, Mexico, and Australia.
The private jet industry is booming globally post-pandemic, with rising demand and an expected market value of $36.94 billion by 2028. Private aviation around the world is still booming with more demand for private jet charter, fractional ownership and private ownership.
During the pandemic, when commercial aviation stopped, those who could afford it and may have traveled first class previously, turned to the private jet industry for their travel needs. Once they had discovered the comfort, flexibility and convenience of private jets , they simply never went back to commercial flights. Let's take a look at the popularity of private aviation around the world.
North America's thriving biz jet scene Unsurprisingly, the United States is the largest region for private aviation globally. The US, saw 1,516,014 business aviation departures during the first six months of this year according to information from the Argus Traqpak report . Canada was in second place, with 101,993 departures, the US having a staggering 15 times more.
To put that in perspective, there were 2.265,571 departures worldwide, with the US having 66.9% of all departures and Canada 4.
5%. Within Europe Third on the list is France with 56,296 departures, slightly ahead of the United Kingdom with 48,965 departures. Both Germany and Italy make the top ten with 43,471 and 31,381 departures respectively.
Whereas Spain takes 10th place with 26,086 departures during the first 6th months of this year. Switzerland was just outside the top ten with 24,272 departures. Areas of growth Australia was 5th on the list with 44,448 departures, probably due to its huge area and the need for private flights to transport goods and people across such a wide region.
Perhaps surprising, was for Mexico to be in 7th place with 41,694 departures, its huge population and closeness to the United States and bordering on both the Atlantic and Pacific Oceans, being a factor. Brazil was in 8th place with 39,958 departures, perhaps because of the rise of Ultra High Net Worthy Individuals (UHNWI) and a rising demand for private jet charters and possible ownership. Brazil also has a limited transport infrastructure and it can be difficult to move around the country with regular flights.
Embraer, the Brazilian manufacturer, has seen a rise in demand - in Q1 this year, they saw a 67% increase in aircraft deliveries . Interested in finding out more about private aviation? Find more articles like this here Departures by country: County Departures 1 United States 1,516,014 2 Canada 101,993 3 France 56,294 4 United Kingdom 48,965 5 Australia 44,448 6 Germany 43,471 7 Mexico 41,694 8 Brazil 39,958 9 Italy 31,382 10 Spain 26,806 Increases in demand There has been a significant increase in private jet use post pandemic and registration of private jets is on the up, worldwide. It is estimated that there are 22,000 business jets worldwide and numbers are still increasing.
The global private jet market is expected to reach $36.94 billion by 2028, according to figures at Statista . From 2020, when the business jet market was worth $24.
1 million, the figures have risen year-on-year. Number of private jets registered It is no surprise that the US has the highest number of registered private jets, with wealthy business executives, athletes, celebrities, UHNWIs and corporations owning them. The country has some of the most expensive private jets in the world, including ultra-long range (ULR) aircraft by Gulfstream and Bombardier.
Business Airport International reports that in 2022, there were 14,632 private jets in the US alone and around 63% of the world's fleet. They also say that 37% of aircraft are ULR. Once again, growth is seen in the number of private jets registered in Brazil and Mexico, with 764 and 704 business jets registered.
Brazil being in second place and Mexico in third place. Austria and the Isle of Man (UK) are popular for registering aircraft due to efficiency in paperwork and tax advantages, especially the former is popular with Russian aircraft owners. This shows the country of registry and number of private jets.
(Data from Corporate Jet Investor ) United States 12,051 Brazil 764 Mexico 704 Canada 483 Germany 387 Isle of Man 264 Austria 244 United Kingdom 241 China 203 Venezuela 168 The private jet industry is very diverse but also specific in what it offers. It is extremely flexible, which is a key factor for individuals, businesses and organizations. It is highly customizable to every client's needs.
Although sometimes seen as luxurious, it also provides crucial services in some countries. This can be through things like sending essential supplies to remote regions, medivac services and on humanitarian missions. Read More: List Of Five Notable Celebrities That Operate Private Jets Although there does seem to be some expansion in Latin America, the market remains stable and is increasing year-on-year.
The majority of private jets being in the US, is certainly unsurprising and won't change anytime soon. The industry is very established in the US, whereas Europe lags behind in comparison. The industry has changed post-pandemic and so has demand, so it is important for operators to raise the bar and take advantage of the growing demand.
There have been many changes to make private jets more accessible and affordable. Fractional ownership has become more popular. Jet cards, options to buy empty legs or even share a private jet on a scheduled service, have all made traveling by private jet more accessible to more people.
Related: Cool Colors: Five Of The Most Vibrant Private Jet Liveries.
