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JetNet Projects Significant Increase in Business Jet Deliveries Over Next Decade

JetNet Projects Significant Increase in Business Jet Deliveries Over Next Decade
Revised Forecast Signals Renewed Optimism
JetNet, the New York-based business aviation data firm, has substantially raised its long-term forecast for business jet deliveries, reflecting renewed confidence in the sector. At its iQ Global Business Aviation Summit held in Washington, D.C., on September 10, JetNet projected a total of 9,700 business jet deliveries through 2034, valued at $335 billion. This represents an increase of more than 12 percent compared to last year’s outlook, which anticipated 8,644 jets worth $262 billion through 2033.
The firm estimates the current original equipment manufacturer (OEM) backlog at approximately $55 billion, equivalent to about two years of production at current output levels. For 2025, JetNet expects 825 new business jet deliveries, marking an 8 percent year-over-year increase from 2024. In contrast, turboprop deliveries are forecast to decline by 5 percent to 365 units in 2025.
Despite this upward revision, JetNet describes the market’s growth as measured. Its mid-year analysis highlighted robust backlogs and historically high aircraft values, even as pricing begins to stabilize. Supply constraints continue to underpin strong used-jet prices, enabling manufacturers to maintain planned production rates.
Drivers of Growth and Emerging Challenges
The positive outlook is supported by the introduction of new aircraft models and favorable policy developments. The recent enactment of 100 percent expensing for business aircraft has increased the likelihood of new purchases, according to JetNet’s iQ survey. Additionally, certifications of all-new business jets are expected to boost deliveries. Notably, the Gulfstream G800 received both FAA and EASA type certificates on April 16, 2025, clearing the way for deliveries of Gulfstream’s longest-range jet beginning in August.
Other anticipated new models include Bombardier’s Global 8000, targeted for entry into service in late 2025; Gulfstream’s G400, expected in 2026; Textron’s Citation CJ4 Gen3 in 2026; Citation M2 Gen3 and CJ3 Gen3 in 2027; Dassault’s Falcon 10X in 2027; and Honda’s larger HondaJet Echelon, projected for 2028 or 2029. These introductions across large-cabin, midsize, and light jet segments are expected to stimulate buyer interest and support gradual market expansion.
However, challenges persist. The General Aviation Manufacturers Association (GAMA) has identified ongoing supply chain disruptions and trade negotiations as significant concerns in its report covering the first half of 2025. These issues could affect production rates and delivery schedules, even as overall market sentiment remains positive.
JetNet unveiled its revised forecast at the 14th annual JetNet iQ Summit, which brought together OEM leaders, operators, financiers, and analysts to discuss demand trends, supply chain pressures, certification backlogs, and aircraft valuations.
For comparison, Honeywell’s most recent Global Business Aviation Outlook, released ahead of the NBAA Convention in October 2024, projected approximately 8,500 new business jet deliveries over the next decade, valued at around $280 billion. Honeywell also forecast a 12 percent increase in 2025 deliveries compared to 2024, citing continued strong operator sentiment.
JetNet’s updated forecast thus reflects a cautiously optimistic perspective, with new aircraft models, favorable tax policies, and resilient demand supporting a steady rise in business jet deliveries over the coming decade, even as the industry contends with persistent supply chain and trade challenges.

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