Passenger Chartered Air Transport Market Size, Regional Outlook, Competitive Strategies And Forecasts To 2031 | Air Partner Plc, ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC, Gama Aviation Plc

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The global passenger chartered air transport market report by the business research company identifies he increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to be a major growth driver for the passenger chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia Pacific, Australia leads the market with 57 charter jets for 27 billionaires, followed by Singapore, which has 30 charter jets for 28 billionaires. The prevalence of COVID-19 has also supported the growth of the market as the individual's travelling had to maintain social distance and the UHNWIs were looking for safe and customised travel options. The growing preference for private charters has contributed to the growth of the passenger-chartered air transport market.

The global passenger chartered air transport market grew from $45.07 billion in 2021 to $48.83 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The passenger chartered air transport market is expected to grow to $60.97 billion in 2016 at a CAGR of 5.7%.

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North America was the largest region in the passenger chartered air transport market in 2021. Asia Pacific was the second largest region in the passenger chartered air transport market. The regions covered in the passenger chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the passenger chartered air transport market are Air Charter Service Group Ltd., Air Partner Plc, Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC, Gama Aviation Plc, GlobeAir AG, NetJets Aviation Inc, and XO Global LLC.

The global passenger chartered air transport market is segmented -
1) By Type: Private Charter Services, Business Charter Services
2) By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner
3) By Capacity: Less than 10, 10-100, Greater than 100

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The Passenger Chartered Air Transport Market Report Contents Include
1. Executive Summary
2. Passenger Chartered Air Transport Market Characteristics
3. Passenger Chartered Air Transport Market Trends And Strategies
4. Passenger Chartered Air Transport Market - Macro Economic Scenario
5. Passenger Chartered Air Transport Market Size And Growth
....
26. Africa Passenger Chartered Air Transport Market
27. Passenger Chartered Air Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Chartered Air Transport Market
29. Passenger Chartered Air Transport Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the passenger chartered air transport market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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