Companies operating in the global Charter Jet Service Market are focusing on merger and acquisitions and new product launches to gain competitive advantage. Growth strategies adopted by these companies are studied in detail in the report. The report also includes several valuable information on the Charter Jet Service Market, derived from various industrial sources.
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The market for charter jet services in Asia-Pacific is anticipated to achieve a CAGR of over 3% during the forecast period.
On-demand travel is growing in the region, along with membership schemes and charter packages, which has made the charter jet services market easier to access.
Limited Infrastructure and regulations are some of the factors challenging the market growth in the region.
However, the future is bright for private jet charter in the region, due to the rising number of millionaires and billionaires across Asia.
Scope of the Report
A charter flight is an unscheduled flight that is not part of a regular airline routing. Air charter is the business of renting an entire aircraft instead of individual aircraft seats. Charter users can be categorized into three types, corporate, private, and government. In Asia-Pacific, the primary need for business jet charter continues to be for corporate use.
The study includes country-wise fleet data, fleet by aircraft size, top charter routes, and analysis of the charter jet service market in major countries in the region.
Charter Jet Service Market by Companies:
– Deer Jet, Australian Corporate Jet Centres, Flight Options LLC, Club One Air, REVESCO AVIATION, Reliance Commercial Dealers Ltd, Asian Aerospace Corporation, Pacific Flight Services, Phenix Jet, Executive Jet Asia, Global Jet International, Business Aviation Asia Limited
Key Market Trends
Large Jets Segment to Grow with the Highest CAGR During the Forecast Period
In the past few years, preference for larger long-range jets has been the highest. This is primarily due to their flying capability, connecting Europe to Asia and Asia to the United States. From 2016-2018, about 84 new jets were added to the Asia-Pacific business jet charter market. Overall, the large-size category saw the greatest increase in fleets, by 16 aircraft, whereas, the mid-size category saw a net decrease in charter fleets, by four aircraft. About one-third of the existing charter fleets in Asia-Pacific comprises large jets. In 2017 and 2018, Dassault received several orders for its large Falcon 8X. Some of the other popular aircraft models are Challenger 605, G550, and BBJ, among others.
China to Dominate the Market During the Forecast Period
Currently, China dominates the air charter service market, followed by Australia and India. China is also expected to experience the highest growth during the forecast period, as the Chinese government plans to increase the number of airports from 220 to 260 by the end of 2020. Over the years, it has become easier to operate an aircraft in China than it was ten years ago, due to the gradual liberalization of airspace. China’s fleet largely comprises large-cabin, long-range jets. The large, long-range and corporate airline categories account for nearly 4/5th of the total fleet.
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Detailed TOC of Global Charter Jet Service Market – Growth, Trends, Forecast and Challenges (2019 – 2023)
- Research Methodology
- Executive Summary
- Market Overview and Trends of Charter Jet Service Market
- Market Dynamics of Charter Jet Service Market
- Global Charter Jet Service Market Segmentation, By Capacity
- Global Charter Jet Service Market Segmentation, By Material Type
- Global Charter Jet Service Market Segmentation, Segmented by Region
- Competitive Landscape and Introduction of Charter Jet Service Market
- Key Vendor Analysis (Overview, Products & Services, Strategies)
And Many More…….
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