Jetnet iQ’s newly released business aircraft forecast calls for 1,100 jets and turboprops to be delivered this year, up about 6 percent from the 1,034 airplanes shipped in 2021. “Despite surging OEM backlogs and book-to-bills, we continue to expect modest year-over-year growth in business jet and turboprop deliveries in the near-term, driven primarily by production and supply chain limitations,” the business aircraft information and consultancy firm said.
“We continue to hear of the daily pressures that put stress into workflows and that disrupt smooth production cadence,” Jetnet noted. “While new aircraft demand remains robust by almost any prior-year standard, labor shortages, supply chain pressures, and—appropriately—cautious management practices are tempering any significant increases in production.”
Meanwhile, Jetnet’s latest data indicates that more than 3,600 preowned business jets changed hands last year, up 30 percent from 2021 and the highest annual total ever recorded by the company. Preowned turboprop sales also climbed 27 percent year-over-year, it added.
Preowned business jet inventory tracked in the Jetnet system fell 46 percent by year-end 2021, to just 855 aircraft. At the beginning of this month that dwindled to just 706 business jets, with less than 8 percent of this inventory being five years old or younger, according to Jetnet.
