A business jet is an aircraft that is designed to transport small number of passengers. The travel prices for business jets are significantly higher than that of commercial airliners. These jets are usually owned and operated by corporations, individuals, government agencies, or commercial business jet operators that provide business jet charter services. Schemes such as Jet Card programs or fractional ownership allow customers to have the benefit of business jet travel without having to own one.
The analysts forecast the global business jet market to grow at a CAGR of 6.91% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global business jet market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of business jet aircraft while taking into consideration the average price of light business jet, mid-size business jet, and large business jet.
The market is divided into the following segments based on geography:
