Why 2024 Is the Time to Invest in a Private Aircraft

If activity in Q3 and Q4 of 2023 are any indication, 2024 promises to be yet another large step forward for an industry that is poised for continued growth through the end of the decade.

AircraftExchange.com consistently measures regular qualitative data from International Aircraft Dealers Association (IADA) members. IADA members are responsible for 50% of all private jets for sale globally, which gives them unique insights into the market. We also consider international economic data to help our buyers know when conditions are optimal for buying a private jet.

AircraftExchange.com has curated a list of data for those who are considering 2024 as the year to buy a private aircraft for sale. While no model can predict global events, as evidenced by our current decade’s upheavals and disruptions, we’ve taken a measured approach based on our expertise in the private jet industry. However, our conclusion is this: 2024 is an excellent time to invest in this market.

Why Private Aircraft Ownership Matters

Before we get into the data, it’s important to remember the key benefits of owning a jet through Aircraft Exchange.com, regardless of the year or market conditions.

● Trust: IADA Accredited Dealers ensure an equitable, trustworthy transaction, as all dealers must adhere to the IADA code of ethics.

● Business Reach: Owning a private jet today means expanding your in-person reach across the globe.

● Cost: You no longer have to rely on commercial airlines, as well as fractional jet programs, like jet cards, which aren’t cost-effective for those who require significant travel to grow their business.

● Convenience and Comfort: In addition to cost, private jet programs and commercial airlines don’t allow you to fly at a moment’s notice. You’re on their schedule. You’re also restricted to their fleets; you don’t have control over interiors, amenities, or the overall quality of the jet you’re flying.

● Productivity: Private jet flights allow you to maximize your time in the air with colleagues. When you avoid the scattered seating and lack of privacy on commercial airlines, you can land fully prepped for upcoming meetings.

● Brand: Your brand perception matters. Private jets represent professionalism, taste, luxury, and business resilience. In an oversaturated world of brand competition, acquisition of a private aircraft can deliver a distinct and impactful message.

Our Curated Data and Insights on 2024’s Private Aircraft Market

In 2024, you can’t afford to ignore the powerful advantages of a private aircraft for sale through AircraftExchange.com.

The following data is curated from recent articles on AircraftExchange.com, our 2023 Q3 IADA Market Report, and analysis and insights from authoritative economic resources.

Here is what 2024 has to offer for those ready to acquire a private jet for sale:

● IADA members are predicting stability in the market and are pleased to see the resilience of jet value and transactions that benefit both buyers and sellers. This news is favorable, even in the face of an upcoming election year and the economic uncertainties that have been with us since the pandemic (IADA Market Report for Q3, 2023).

● Your competitors are noticing the value of business jet travel. Between 2020 and 2028, the global jet market will have increased from $24 to $36 billion. From 2023 to 2024, the global jet market will grow by almost $2 billion, meaning more businesses are ready to acquire a jet to get where they need to be. You don’t want to miss the opportunity to buy before others in your industry. (“Business jet market size worldwide 2020-2028,”  Statista.com, 2023).

● The international business travel market is set to increase by almost 15%, as key markets will expand their economic complexity by 2030. These statistics demonstrate the importance of being able to make fast connections in new markets before your competitors, who are more prepared to spring for travel than ever (“It’s Time to Leverage the Hard Data About Business Travel,” AircraftExchange.com, 2023).

Deciding to buy a private jet in 2024 will include even more key advantages than what private aircraft owners have been experiencing prior to this time. A private aircraft for sale through AircraftExchange.com offers favorable circumstances for any business interested in jumping at the chance to stay ahead. Acquiring a jet through AircraftExchange.com now may prove to be a turning point for your global reach.

Stay Ahead of the Curve by Purchasing a Private Aircraft in 2024

2024 is an optimal window to purchase a private aircraft for sale through AircraftExchange.com. While it’s true that a business can find monumental success without necessarily becoming an early adopter in all areas, you now know the rewards and benefits of owning a jet before those that plan to capitalize on your target markets. Businesses that recognize the benefits of buying a private jet for sale in 2024 will open up possibilities that clearly track with available data on where the global economy is heading.

If you’ve been in business for some time, you have a running list in your head of opportunities you wish you had taken. Don’t overlook this valuable business asset for your brand, national and international business growth, talent retention, and more.

To help, AircraftExchange.com simplifies the process of buying a private jet. You won’t have to worry about making a beneficial, fair, trustworthy transaction when you pair with an IADA Accredited Dealer to make your purchase. Dealers who list on our site adhere to the expectations and ethics outlined by IADA.

Set your sights upward – because that’s where your business is heading with a jet acquisition in 2024. Visit AircraftExchange.com now to get started.