Charter Jet Services Market Size, Share, and COVID-19 Impact Analysis, By Size (Large, Medium, and Light), By Proprietorship (Individual and Organization), By Supplier (Manufacturer, Individual, and Travel Agency), By Usage (Commercial and Cargo), and Regional Forecast, 2024-2032

A chartered jet is used for an unscheduled flight that is booked by an individual or an organization to have flexibility in their schedules. For private charters, planes like Cessna Citation-II, Gulfstream-150 and Bombardier Global 6000. Charter planes are available on both short-term and long-term lease. Charter Jet Services are mostly offered by private entities. The charter jet services market is predicted to display commendable progress during the forecast period of 2024-2032.

Chartered flight services are growing across the globe due to the increasing number of passengers and cargo shipments. Unscheduled flights allow people and organizations to travel and move equipment as per their convenience. The market has plenty of room for growth. The biggest catalyst contributing towards this growth is the annually increasing number of High Net Worth Individuals (HNWIs).

HNWIs hold a dominating share in the number of chartered flights being flown across the globe in a year. Next are the organizations using chartered jet services for cargo movement, as unscheduled flights allow for much flexibility in transporting goods. Major airports all over the world are expanding in size to accommodate the increasing number of passengers. This will also aid the charter jet services market as hangars for such chartered planes require a separate area. Most of the jets today offer luxurious services on-board, with the passenger getting a variety of option on how they want their flight to be.  

The major restraint for chartered jet market today is the affordability of the flights. Most of the commercial chartered flights are too expensive to afford.  The current cost of chartering a jet ranges between USD 1823.37 – USD 4254.53 per hour. This is projected to go down in the future, as OEMs are trying to reduce the cost by increasing efficiency of the jets.

Impact of the COVID-19 on Global Charter Jet Services Industry:

COVID-19 forced lockdowns across the globe, affecting as many as 100 nations. Most of these were big countries with a large number of HNWIs, and this severely impacted the charter jet service industry. Supply chains were disrupted, leading to a decrease in the demand for charter cargo jets. It was an era of downswing for the entire aviation industry. Although seeing a sharp decline in the number of flights, chartered jets caught people’s attention as they proved efficient in transporting medical equipment and patients in such a time, and also helped people travel while following the social distancing norms.

The global charter jet services market is divided on the basis of four different grounds. By the size of the plane, it is divided into large, medium, and light. On the basis of proprietorship, it is divided into individual or organization. On the basis of the entity supplying the service, it is classified into manufacturer, individual, or a third party (travel agency). By usage, it is divided into commercial and cargo.

Key Insights:

The report will describe the following key insights:

• The report analyzes a detailed charter jet services industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the global charter jet services market based on various segments.


• The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, and the Rest of the World, after evaluating economic, social and technological factors affecting the global charter jet services in these regions.

Regional Analysis:

The major boost towards the global charter jet services market will come from the North American region. The better per capita income allows a higher portion of the population to go for chartered flights. North America is home to a large number of HNWIs, which are the major contributors in the market. An increasing focus towards more environment-friendly and ergonomically better aircrafts in the region also will contribute towards the expansion of the market.

Key Players Covered:

• VistaJet Ltd.


• FlexJet, LLC


• Wheels Up Experience Inc.


• Atlas Air Inc.


• LunaJets


• Magellan Jets


• NetJets IP, LLC

Charter Jet Services Market Segmentation:

Key Industry Developments:

• In May 2023, VistaJet Ltd. announced plans to expand its existing fleet, with more focus on providing services to the corporate world and businessmen. They also plan to increase revenue by diving deeper into the brokerage market.


• In December 2022, the state-owned Alliance Air extended its contract with the manufacturer ATR by a duration of another 5 years. This will bolster the might of the newly privatized airline in the upcoming years.