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Private jet deliveries rise nearly 5% in 2024 amid sustained demand post-pandemic

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Private jet deliveries rise nearly 5% in 2024 amid sustained demand post-pandemic
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Private jet | Simple Flying

In the years following the COVID-19 pandemic, the world of private aviation has boomed. During the travel lockdowns of the pandemic, private jets were often the only way to get around, and they were considered much safer as the lack of proximity to others significantly reduced the chance of the virus transmitting. Even when lockdown orders were lifted and commercial aviation resumed (albeit with mask-wearing requirements), private jets were still the preferred mode of transit for many, especially those who valued the health safety that flying private could provide.

While a large segment of the customer market turned towards private jets during the height of the pandemic mostly out of necessity, they eventually chose to continue flying privately out of a newfound preference for the convenience and privacy that private jets offer. Those flying private do not need to wait at the airport hours in advance, and they are not expected to stand in lengthy queues at security. Private jets typically operate in and out of private terminals, where security screenings are minimal and passengers can quickly get straight to their aircraft, which can depart immediately.

There are several other reasons why private jet usage became extremely popular during the COVID-19 pandemic, but all relate to the elevated nature of the private passenger experience. As a result, demand for private jet flights exploded, with large orders for new private jets being placed by individuals and air charter companies, which have slowly come to form the backbone of the private aviation industry.

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Reports from The General Aviation Manufacturers Association (GAMA) confirmed that deliveries of new private jets increased by around 4.7% in 2024, including 764 units that were delivered last year. When including turboprop- powered aircraft and piston-powered aircraft alike -the total number climbs up- wards past three thousand six hundred sixty-two units-a sharp increase from th- ree thousand sixty-nine recorded previous year- marking second consecutive yea- r more than four thousand general aviation manufacturer-delivered across all u- nits-.

The manufacturing industry's total revenues surged from approximately twenty-t- hree billion dollars up twenty-six point seven-three-billion helicopter accoun- ting another four point forty-five billion sales-first time decade companies e- xceeded thirty annually billings-second row shipped Pete Bunce CEO GAMA shared confidence rapid growth stating:

"As we report on strength general aviation manufacturing industry past year n- otable time decade our companies again exceeded $30 billion annual billings se- cond row shipped more than four thousand "

However there challenges coming months policymakers regulators United States E- urope strong agendas implementation tariffs restrictions sale high-tech goods" like "leaders felt need request regulatory bodies collaborate address trade re- gulation supply chain-related arise throughout ."

General plays key role helping develop advanced safer sustainable technologies major impact commercial passenger furthermore development essential rural espe- cially underserved airlines Bunce leaders expressed concern policy decisions e- specially hinder markets continued growth argues poor efforts hamstring plays today''s global economy

Each independent Original Equipment Manufacturer saw different results through-out almost seeing increases noteworthy exceptions starters Canadian Bombardier mild growth numbers rising146 increasing138 prior planemaker offers kinds customers flagship Global Express series US-based Gulfstream figures subsidiary larger General Dynamics conglomerate known luxurious impressive range efficiency Popular models G700 G650 Brazilian Embraer marked increases rose115130 between including65 Phenom stood successful last delivered Praetor including28 models27 variants one actually best delivering builder Textron Aviation greater Providence Rhode Island led terms three company151 decrease168 greater178

According Fortune Business Insight trends defining growth an increase demand f- lagship large ultra-high-net-worth individuals driving bulk industry such larg- emost lavish pushing develop luxurious enhancing performance-based attributes

Organizations Included in this History
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