Private Air New York

www.privateairny.com Private Air | Fall 2024 37 Citation CJ4 Gen2 Falcon 50 EX AVIATION I n the plush leather seat of your private jet, with the world far below, you're part of an exclusive cohort that knows the true essence of luxury and time. e whisper of the jet's engines, the seamless glide through the air—this is your sanctuary where worldly concerns fade, and possibilities stretch infinitely beyond the horizon. It's not merely about reaching a destination; it's about the journey itself, and right now, you're at the forefront of a new era in private aviation. Jetcraft, a leader in business aviation sales, forecasts that the global private jet market is entering a phase of stable growth. Worldwide, there is a growing demand for private aviation driven by a desire for exclusivity, efficiency, and unparalleled comfort. In the United States alone, the industry anticipates generating $70.7 billion in revenue over the next five years, solidifying its dominance in global business aviation. By 2028, annual transaction values are projected to reach $15.6 billion, underscoring the market's resilience and strength. Yet, this narrative extends well beyond the U.S. Private jet travel's allure transcends borders. In Europe, the Middle East, and Africa (EMEA)—the second-largest market for business aviation—transaction volumes and values remain robust. Whether cruising over the tranquil skies of the French Riviera or on vital business routes to Dubai, private jets serve as the ultimate tool for those who command time and space. In the Asia Pacific region, although the market may be smaller, it wields substantial influence. Buyers here are increasingly attracted to pre- owned large-cabin aircraft, drawn to their extended range and superior comfort for long- haul journeys. ese investments underscore private jets as indispensable assets for navigating the complexities of global business among ultra-high-net-worth individuals (UHNWIs) in Asia.

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