Soaring Demand The market is projected for significant growth, reaching nearly $40 billion by 2025, fueled by strong post-COVID travel and rising wealth. Operators are flying their aircraft noticeably more in 2025 when compared to 2024, with business jet flight hours up about 3% year over year after flight hours were virtually flat from 2023 to 2024.
Geographic Shifts While North America leads, the strongest increases came from outside traditional business aviation strongholds. Brazil saw a 45% jump in flights in 2025 compared with last year, followed by Colombia at 42% and Venezuela at 34%. In Asia, the Philippines grew 29% and Japan 26%. Nigeria and Morocco stood out in Africa with gains of 29% and 24%.
Diverse Clientele Beyond corporate use, more families and individuals are using private aviation for leisure, seeking unique experiences and avoiding commercial airport hassles.
Charter & Fractional Rise Access via charter and fractional ownership is increasing, potentially at the expense of outright jet ownership.
Regional Performance
North America North America is expected to receive roughly 70% of new jet deliveries over the next three years as 17% of operators have aircraft on firm order and the region comprises a massive 62% of the global fleet. There is optimistic sentiment from operators in North America driven by regulation changes in the U.S. headlined by bonus depreciation. Operators in the region follow the global trend of flight activity optimism, with just over 90% saying they plan to fly either the same or more hours over the next year.
Europe Europe is expected to receive about 14% of new jet deliveries over the next three years, and the portion of operators with aircraft on order is higher than the global average. Europe maintains 11% of the global business aviation fleet, but 29% of these operators state that they have at least one aircraft on firm order. The flight activity sentiment mirrors the global trends with nearly 30% of operators expecting to fly more in the coming year and about 60% expecting to fly the same.
Latin America Latin America will accept 7% of global new jet deliveries over the next three years. 15% of the global fleet is based in the region and 19% of current operators there said they have aircraft on firm order. These operators tend to be more optimistic about their flight activity growth in the coming year, with 33% of them anticipating an increase.
Rest of the World Asia-Pacific and the Middle East & Africa regions are forecasted to receive 5% and 3% of global deliveries, respectively. Both regions have hovered around these levels for the past few years, and the trend is expected to continue. Operators in these regions are less bullish on flight activity growth than the other regions, but still nearly 20% of the region’s current operators expect to fly more, with most of the remainder still expecting to fly about the same amount in the coming year. The Middle East is poised for growth as positive regulatory changes and improvements to airport infrastructure will make it easier for business aviation entities to establish operations in and fly throughout the region.
2026 Outlook
Sustained Demand 8,500 new business jets with a projected value of $283 billion are expected to be delivered over the next 10 years with an average annual growth rate of 3%. High-net-worth individuals (HNWIs) and corporate demand for business jets remain robust, with many operators expecting to fly as much or more in 2026. 91% of those surveyed expect to fly more or about the same in 2026 compared to 2025. Private aviation in 2026 is forecast for continued strong demand, especially for new jets driven by fractional ownership and charter, with private aircraft deliveries being 5% above 2025.
Focus on Experience The industry continues to evolve towards delivering seamless, personalized travel experiences. Private aviation is moving from high-touch to high-tech, both on the ground and in the sky. As we approach 2026, the industry is poised for a major shift. Artificial intelligence (AI), new ultra-long-range jets, and Starlink connectivity are finally modernizing the charter experience. New Jetex private terminals will build upon the brand’s core DNA of offering exceptional guest experience, tailored carefully for the destinations they serve. Jetex will broaden its partnerships with luxury lifestyle brands to deliver a new dimension of bespoke products, services and experiences to its guests.
Technological Integration AI, biometrics, and advanced air mobility will drive innovation, while sustainable aviation fuels (SAF) become more critical. In 2026, AI is expected to transform the private jet booking experience as well as in-terminal and in-flight hospitality by focusing on customer satisfaction through tailored services and efficient technology. Jetex will continue investing into AI and technological innovation across its services.
Air Taxis & Urban Air Mobility The rise of electric air taxis is beginning to shape the future. Jetex continues working closely with its eVTOL partners, Joby Aviation and Archer, to ensure infrastruture readiness for the launch of the initial commercial service, expected in 2026.
Sustainable Aviation Fuel Throuought 2025, Jetex continued delivering SAF to clients at selected airports. It also remained an exclusive SAF supplier at the 2025 Dubai Airshow. For private aviation in 2026, SAF challenges center on scarcity, high cost, fragmented policies, and slow production scale-up, with SAF covering less than 1% of fuel, pricing being up to five times higher than traditional jet fuel. IATA expects 2.4 million metric tons of SAF to be available in 2026, covering just 0.8% of total fuel consumption. The wider aviation sector committed in 2021 to achieving net-zero emissions by 2050, relying heavily on a gradual switch to SAF. Jetex works closely with SAF suppliers to ensure its share grows over the coming year.
