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Perspective on Business Aviation Trends for Q1 2025
In Q1 2025, flight activity, OEM backlogs, deliveries, and pre-owned transactions all rose year-over-year, while inventory levels remained stable. Although uncertainty remains around future economic growth due to ongoing trade discussions, the business aviation market is likely to be resilient in the medium term. In Q1 2025:
- Flight operations increased 2.4 percent year-over-year, reflecting an enduring expansion in the user base for business aviation
- OEM backlogs increased 3.1 percent year-over-year, with some unevenness observed across the OEM universe
- After stabilizing in 2024, transactions increased as OEMs worked to resolve supply chain and labor constraints and strong momentum in the pre-owned market carried over from Q4 2024
- Aircraft availability increased marginally year-over-year but declined from the previous quarter as a result of strong transaction volume
- Most aircraft models experienced depreciation in line with historical norms. However, younger aircraft experienced less depreciation than older aircraft
Q1 2025 was a strong quarter for the business jet market.
Flight activity, OEM backlogs, deliveries, and pre-owned transactions all rose year-over-year, while inventory levels remained stable. Future economic growth may be affected by ongoing trade discussions, and this may in turn affect the business jet market. Regardless of the outcome, healthy conditions from 2024 and early 2025 position the business jet market to remain resilient through the balance of the year.