Europe Charter Jet Services Market 2022 Business Scenario - BAE Systems plc, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group

Global Europe Charter Jet Services Market Size, Status, and Forecast for the 2022-2027.  In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the Europe Charter Jet Services Market, including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. The industry's role on the COVID-19 outbreak was comprehensively studied. During a specific period, a full risk evaluation and industry recommendations were made for Europe Charter Jet Services Market. This report compares the pre-COVID-19 and post-COVID-19 marketplaces. The impact of COVID-19 on the regional economy is also taken into account in the research.

The Europe charter jet services market is expected to register a CAGR of over 3% during the forecast period.

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The Top Major Prominent Players are:  BAE Systems plc,  Lockheed Martin Corporation,  Raytheon Technologies Corporation,  Thales Group,  General Dynamics Corporation,  Saab AB,  L3Harris Technologies Inc.,  Northrop Grumman Corporation,  Safran SA,  Elbit Systems Ltd.,  Kongsberg Gruppen ASA,  Terma A/S.

Key Market Trends:

Charter Service Providers are Offering More Amenities to Attract Passengers

Over the years, the proliferation of various private jet charter service brands into Europe has led to an increase in the competition in the market. In the region, the number of charter service providers is increasing every year, which increased the number of options for the customers. This made the charter providers offer more discounts on the charter prices, to attract customers. Several private aviation companies are attempting to make private jet flying accessible to normal travelers, thereby increasing their customer base. In this regard, the charter service providers are offering more amenities at cheaper prices to attract passengers. The introduction of new aircraft charter programs and innovatively new schemes for passengers like the introduction of membership-based business aircraft programs and flight-sharing are making business aviation more accessible and affordable in Europe. In addition, several charter providers have introduced high-tech, user-friendly booking, and payment platforms in the last five years, which has helped the younger, millennial generation to adopt business travel platforms based on affordability. For instance, in 2018, VistaJet, a charter provider based in Europe, launched the business aviation's first end-to-end booking app, through which users can make charter service bookings through various membership programs. Such initiatives have helped the market to grow at a rapid pace in Europe over the years, and this is expected to continue during the forecast period.

Light Segment is Expected to Witness a Surge in Usage in Europe in 2022

In terms of flight activity, light jets are witnessing a growth in usage across Europe. Most of the intra-European business aviation trips that occur take 4-6 persons on an average, with trip distances not exceeding 600-800 nautical miles. The vast majority of city-pairs in Europe are under 1,000nm apart, and a light jet offers the opportunity for time-efficient travel with fewer costs for such city-pair journeys. The increase in the number of shorter journey requirements has made Europe a lucrative market for light-jets, despite the fact that none of the 4 to 8 passenger aircraft that are suited to 1,000 nm business trips are manufactured in Europe. However, due to the ongoing shutdowns and international travel bans following the outbreak of the COVID-19 pandemic, several charter jet operators in Europe have limited their operations. For instance, GlobeAir, a charter provider based in Austria that operates a fleet of Cessna Mustang very light jets, announced that it is limiting its charter operations to provide flights only within the United Kingdom, Switzerland, France, The Netherlands, Austria, Belgium, Germany, Spain, and Luxembourg. Charter operators in the region are preferring light jets like the Honda jet and Cessna Citation Mustang, as they can cater to the short-distance charter requirements of the customers at minimal operational costs as compared to a large or a mid-size jet for the same distance. Such factors are expected to help the growth of the market for light jets in Europe in the years to come.

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Strategic points covered in the Europe Charter Jet Services Market catalogue:

Introduction, market driving force product research goals and research scope Global Europe Charter Jet Services Market (2022-2027).

Exclusive Summary - Basic information on the global Europe Charter Jet Services Market.

The changing impact on market dynamics - global party supplies driving factors, trends, challenges and opportunities; post-COVID analysis.

Introduction Global Europe Charter Jet Services Market factors, after COVID impact analysis, Porter's five force, the supply / value chain, PESTEL analysis, market entropy, patent / trademark analysis.

Show 2016-2022 by type, end user and region/country.

Assess the leading manufacturers of the global Europe Charter Jet Services Market, including their competitive landscape, peer analysis, BCG matrix and company profile.

Evaluate the market-by-market segments, countries/regions and manufacturers/companies, the revenue share and sales of these companies/companies in these different regions of the main countries/regions (2022-2027).

... To be continued..

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