The latest Airbus Corporate Jets research points to an uptick in new business aircraft purchases as U.S. companies look to modernize their aging fleets.
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Improved fuel efficiency, lower operating costs, and better onboard technology are the main factors driving business aircraft acquisitions, according to new research commissioned by Airbus Corporate Jets (ACJ). The European manufacturer recently surveyed senior executives from large U.S. companies that already own or lease business jets.
ACJ has also analyzed industry data from JetNet, concluding that the average age of business aircraft in the U.S. is 18 years and six months, while in 11 of the 50 states, the average is 20 years or older. “Our analysis shows that a significant number of business aircraft in the U.S. are older, and many of their owners will be looking to replace them with newer, more efficient models,” concluded Sean McGeough, vice president of commercial for ACJ in North America. “The level of innovation and development in the larger business aircraft segment has been staggering, and this bodes well for this market.”
Research conducted for ACJ by Pureprofile also found that 85% of U.S.-based financiers and brokers working in the business aviation sector said they expect to see purchases of large, heavy-class jets increase over the next five years. Almost everyone surveyed said that demand for large and midsized aircraft is now growing faster than any other category due to the increased range and cabin space they provide.
According to ACJ, there are currently around 1,021 business aircraft for sale in the U.S., and 96 of these are large, long-range jets.
The company recently launched its new ACJ TwoTwenty model, which has a range of up to 5,650 nm and offers 786 sq ft of cabin space that can be configured in up to six separate zones. According to Airbus, the ACJ TwoTwenty can fly with up to a 50% blend of sustainable aviation fuel. The manufacturer is committed to increasing this to 100% for all its commercial aircraft and helicopters by 2030.
Airbus Research Highlights Factors Driving Bizjet Buys
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Improved fuel efficiency, lower operating costs, and better onboard technology are the main factors driving business aircraft acquisitions, according to new research commissioned by Airbus Corporate Jets (ACJ). The European manufacturer recently surveyed senior executives from large U.S. companies that already own or lease business jets.
ACJ has also analyzed industry data from JetNet, concluding that the average age of business aircraft in the U.S. is 18 years and six months, while in 11 of the 50 states, the average is 20 years or older. “Our analysis shows that a significant number of business aircraft in the U.S. are older, and many of their owners will be looking to replace them with newer, more efficient models,” concluded Sean McGeough, vice president of commercial for ACJ in North America. “The level of innovation and development in the larger business aircraft segment has been staggering, and this bodes well for this market.”
Research conducted for ACJ by Pureprofile also found that 85% of U.S.-based financiers and brokers working in the business aviation sector said they expect to see purchases of large, heavy-class jets increase over the next five years. Almost everyone surveyed said that demand for large and midsized aircraft is now growing faster than any other category due to the increased range and cabin space they provide.