Global Jet Capital (GJC) forecasts that the business jet market will reach $193 billion in total new and preowned transactions between 2024 and 2028. Releasing its annual Business Jet Market Forecast today at EBACE, GJC also anticipates that the market will grow again this year after two years of decline.

After reaching nearly 4,000 aircraft trading hands in 2021, the volume dipped to 3,545 in 2022 and 3,021 last year. But it is expected to increase to 3,181 this year. Dollar volume this year should approach the 2022 high of $36.6 billion and surpass that beginning next year before climbing to an estimated $40.3 billion by 2028.

Business aircraft operators can seek reimbursement of penalties imposed on them by Polish authorities following a landmark legal victory over passenger name record requirements. On Friday, aviation law firm JMK Legal won a case in the Supreme Administrative Court of Poland, which overturned a lower court ruling against an unnamed operator and annulled a fine imposed in that case.

The European Business Aviation Association (EBAA) said it welcomed the victory, explaining that Poland’s Border Guard has been incorrectly applying the European Directive 2016/681's requirements for airlines and other operators to provide authorities with passenger details for security profiling. Polish officials have unilaterally imposed fines for alleged breaches based on their own criteria, apparently to generate revenues for the government.

Qatar Executive (QE) is displaying one of its brand-new Gulfstream G700s this week at EBACE 2024, just days before the company makes its debut as the world’s first commercial service operator of the ultra-long-range twinjet. The air charter group's G700 fleet will enter commercial service with four aircraft in mid-June, Qatar Airways Group CEO Badr Mohammed Al-Meer said during an unveiling event of the company’s first two G700s—MSN 87009 (tail number A7-CHA) and MSN 87012 (A7-CHB)—in Doha on May 22.

QE’s typical G700 passenger cabin consists of four individual living areas, including a dedicated private rear stateroom, with 15 seats and a capacity of up to seven beds—three double beds and four singles. A7-CHA, which is on display at EBACE, has a one-off more luxurious configuration with 13 seats, turning into three double and three single beds.

Entering service in late 2018 on the Bombardier Global 7500, GE Aerospace’s 19,000-pound-thrust Passport engine is prepping for its next iteration on the ultra-long-range aircraft’s speedier successor, the Global 8000. That update will help enable a boost in speed and range for the Global 8000 to Mach 0.94 and 8,000 nm, up from the 7500’s Mach 0.925 and 7,700-nm range.

Jennifer Ratica, president of Passport and CFE for GE Aerospace, noted that the update does not involve “turbo-machinery” changes but rather software alterations. However, she said those changes “are going to unlock some potential that we had already designed into our engine.”

Through Airbus Corporate Helicopters (ACH) and Airbus Corporate Jets (ACJ), Airbus is the only manufacturer worldwide to provide a seamless experience to our clientele with both fixed and rotary wing aircraft.

Based on CAE’s 2023 Aviation Talent Forecast, more than 8,000 pilots and 10,000 technicians will need to be recruited and trained for European business aviation operations in less than 10 years. The company expects the worldwide business aircraft fleet to grow 18% by 2032, “with up to 26,000 business jets in service and the need for more than 100,000 new business aviation professionals to be recruited.”

CAE continues to build more aircraft simulators and open training facilities around the world to help meet the growing demand for business aviation pilots and technicians. “All we do is based on where we see demand,” said CAE business aviation division president Alexandre Prévost.

Covid’s unwelcome role as a market circuit-breaker remains visible in the private aircraft completions and refurbishment sector in the wave of consolidation that has seen the number of service providers contract. At the same time, disruption to the supply of new-production jets and shifts in aircraft values have reshaped customer choices as a fresh generation of owners makes a welcome entry into the market.

Lufthansa Technik (LHT) specializes in VIP-outfitted narrow- and widebody airliners, with many head-of-state and government clients. Postponement of fleet replacement decisions in recent years has seen existing aircraft kept in service longer than anticipated, resulting in a flurry of demand for modernization work throughout cabins, including communications and entertainment systems, but also furniture and layouts.

Last year proved a very successful one for the proprietors of Geneva Airpark, the only dedicated shelter for private aircraft at Geneva Airport. Celebrating its 15th anniversary this May, the heated 10,000-sq-m (107,639-sq-ft) facility is large enough to fit a pair of Boeing 747s.

Over the past year, the company increased its based tenants from 16 to 20, with aircraft ranging from the Gulfstream G650 and Bombardier Global 7500 ultra-long-range jets to the Pilatus PC-12 turboprop single.