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The private aviation industry is experiencing robust growth, driven by increased demand for convenience, privacy, and efficiency, especially post-pandemic. Fractional ownership and jet card programs are popular. The industry is seeing consolidation and a push towards sustainable aviation. High-net-worth individuals and corporations remain the primary clientele, seeking bespoke travel solutions.
Total Assets Under Management (AUM)
Private Jet Market Size in United States
~28.3 billion USD (2023)
(8.5% CAGR)
- Increased demand for private and flexible travel.
- Growth in fractional ownership and jet card programs.
- Rise of high-net-worth individuals and corporate travel needs.
32.1 billion USD
SAF offers a significant reduction in carbon emissions compared to traditional jet fuel, crucial for decarbonizing aviation.
These technologies promise quieter, more efficient, and potentially zero-emission flights for shorter distances.
AAM involves developing urban air transportation systems using electric vertical takeoff and landing (eVTOL) aircraft, revolutionizing short-distance travel.
The Inflation Reduction Act of 2022 introduced a tax credit for each gallon of SAF sold as part of a fuel mixture.
This policy incentivizes the production and adoption of SAF, potentially reducing fuel costs and improving NetJets' sustainability profile.
This act, currently under congressional consideration, will outline funding and policy priorities for the FAA over the next several years, including safety, infrastructure, and environmental initiatives.
The act could introduce new operational requirements, invest in air traffic control modernization, and set environmental targets that directly affect NetJets' operations and fleet management.
The FAA is continuously reviewing and updating regulations for on-demand air charter and air taxi operations (Part 135) to incorporate new technologies and operational models.
Updates to Part 135 could impact flight crew requirements, maintenance protocols, and operational flexibility for NetJets' fractional and jet card programs.
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