Business Jets: A Booming Future in the US

In late October, Airbus Corporate Jets (ACJ) shared some exciting news. They expect business aviation to pump $183 billion into the US economy in the next five years. That's a big jump from the current $150 billion! Chadi Saade, ACJ's president, said this industry does more than just fly execs around. It supports local communities, creates jobs, and even helps with philanthropy. Businesses are looking to upgrade to bigger jets, like the heavy business jet and ultra-long-range ones. Why? Because they can carry more people and go further. Plus, a survey showed that 95% of senior execs think business jets are crucial for their companies. They use them to meet clients, save time, and work better on the go. Almost 83% of these execs believe business jets make travel more productive than commercial flights. And get this—86% think their company will use their aircraft more in the next two years. Why? More flexibility, better security, newer tech, and a focus on staff well-being. Looking ahead, 95% of these execs think they'll upgrade to a bigger or newer jet in the next five years. They want more fuel efficiency or room for more clients and execs. Even financiers and brokers agree—62% believe sales of large business jets will rise in the next five years. And they're really excited about big and midsize jets because they can go further and carry more.