AINonline
• Kerry Lynch
The business-jet market is projected to expand from an estimated $27 billion in 2025 to more than $60.5 billion over the following decade. The forecast points to sustained growth in demand for business aviation and an expanding opportunity for manufacturers, operators and service providers.
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The business-jet market is projected to expand from an estimated $27 billion in 2025 to more than $60.5 billion over the following decade. The forecast points to sustained growth in demand for business aviation and an expanding opportunity for manufacturers, operators and service providers.
Honda Aircraft has pushed the planned introduction of its HA-480 Echelon light business jet back three years to 2031, citing supply issues. The company says development continues and has completed assembly of the aircraft’s first wing structure as it works toward market entry.
Airbus has appointed Nicolas Boltoukhine, an experienced corporate aviation executive and pilot, to lead Airbus Corporate Helicopters. He succeeds Frederic Lemos, who is departing after serving as the unit’s CEO since 2017.
Global Jet Capital projects that transactions involving new and pre-owned business jets will approach a quarter of a trillion dollars over the next five years. The forecast points to sustained capital flows across business aviation, spanning aircraft sales and the secondary market.
Honda Aircraft has completed the wing for its first Echelon business jet, but the program’s first flight and certification timeline has slipped. Final assembly is now scheduled for early next year, extending the development schedule for Honda’s next-generation light jet.
Global Jet Capital expects the business-jet market to expand steadily through 2030, with North America retaining its position as the largest regional market. The outlook points to continued demand for business aviation and sustained importance of North America in global fleet and financing activity.
Artificial intelligence is expanding across aviation, from general-aviation cockpits and predictive bird-strike alerts to more proactive passenger service. Industry leaders describe a shift beyond chatbot applications toward real-time operational support, better use of airline data and increasingly personalized customer experiences.
Flexjet has opened a 3,530-square-meter MRO hangar and a 2,098-square-meter fixed-base operator at Farnborough Airport in the UK. The approximately $34 million development marks the private aviation company’s first FBO in Europe and expands its support infrastructure at a major business aviation hub.
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