Rapidly evolving private jets’ market – tangible alternative to commercial aircraft?

In the climate of gradual recovery in aviation sector that is taking place after the global economic recession FL Technics Jets experts have observed a tangible tendency of rapid recovery in the private jets’ market. It is expected that by 2030 private jets’ fleet will have doubled in size reaching up to 30900 ps. In the meantime, one of the major growths in the private jets’ market is foreseen namely in Russia and the CIS where the numbers by then are anticipated to rocket almost four times - up to a whopping 1765 ps.

According to FL Technics Jets experts, in the countries where traffic intensity is relatively low but travelling distances remain considerably long, the capacity and assortment offered by private jets commonly outweighs the common benefits of commercial aircraft. Furthermore, recent statistics suggests that in Africa, Latin America and Eastern Europe the demand for the most favoured 50-seat private jets is also intensifying. While the largest aircraft fleet remains to be based in North America, China is nominated as the most rapidly emerging aviation market in the world. In terms of market size, Europe, including Russia and the CIS, comes in the third position and is forecasted to witness a further 17% growth. In FL Technics Jets opinion, in the following three decades these three regions will enjoy the largest demand in both private and commercial aircraft markets.

‘The major factors stimulating the rapidly growing popularity of private jets must primarily be time consumption and service quality. Private jets offer not only fast and safe travelling facilities and flexible schedules but also saves a lot of priceless time as one can hold business meetings right there, whilst on board. Moreover, business jets can boast one of the lowest operating costs within the aviation industry.’, - comments the CEO of FL Technics Jets Darius Saluga.

However, D. Saluga notices, regardless of the aforementioned tendencies towards the increasing private jets popularity, in order to maintain a continuous passenger and airlines’ flow, airports worldwide must keep expeditiously expanding. With a view to maintaining healthy aviation climate we must moderate the existing bureaucracy at our airports as it withholds us from coming up to the current level of the aviation industry in Europe and North America.

‘China, for instance, notwithstanding its size, has got slightly more than 150 civil airports. It has a controlled airspace thus civil airliners are allowed to use only a limited amount of air corridors that are mainly dominated by commercial aircraft. As a result, private jets are often faced with the need to compete for the most convenient time slots. In the meantime, a much more favourable situation can be observed in Russia and the CIS where the air space is more liberalized which makes the complicated air traffic procedures significantly easier and the airport infrastructure more manageable.’,- reflects D.Saluga.

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