Busi­ness jet fleet poised to grow by 2.8% by 2035

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Ac­cord­ing to FAA, the busi­ness jet fleet is pro­jected to grow at an av­er­age rate of 2.8% per year from 2014 through 2035, grow­ing to a to­tal of 20,815 air­crafts. Over­all, the ac­tive GA fleet is ex­pected to grow at an av­er­age an­nual rate of 0.4% over the 21-year fore­cast, from an es­ti­mated 198,860 air­craft in 2014 to 214,260 by 2035. The re­port adds that busi­ness avi­a­tion mar­kets are per­form­ing at a va­ri­ety of climb rates and air­speeds. The fixed wing tur­bine air­craft fleet is ex­pected to grow 2.2% per year, while fixed-wing pis­ton-pow­ered air­craft are ex­pected to de­cline 0.6% on av­er­age per year. The ro­tor­craft fleet, how­ever, is ex­pected to grow an av­er­age of 2.5% per year. Fixed-wing tur­bine air­craft hours flown are ex­pected to grow 2.9% per year, while fixed-wing pis­ton air­craft hours flown are pro­jected to de­cline at a rate of 3% per year. The FAA projects faster growth in hours will oc­cur after 2023, with in­creases in the fixed-wing tur­bine fleet and in­creas­ing uti­liza­tion of sin­gle and multi-en­gine pis­ton as the ag­ing fleet starts to slow down.

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