Business jet market grows in Q3 with higher backlogs | Community growth opportunities | If you're a renter or in a shared ownership, how many hours do you typically fly over the course of a year?
The business jet market showed significant improvement in the third quarter, with OEM backlogs rising 12.1% to $51.1 billion, business jet departures increasing 5.1% year over year and pre-owned transaction volume up 16.3%, according to Global Jet Capital. Aircraft inventory for sale stabilized, with availability slightly decreasing to 7.6% of the fleet. "These trends underscored the market's stability and set the stage for continued momentum throughout the remainder of the year," Global Jet Capital says.
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If you're a renter or in a shared ownership, how many hours do you typically fly over the course of a year?
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