Business Jet Rental Global Market Report 2025

The business jet rental market size has grown rapidly in recent years. It will grow from $7.5 billion in 2024 to $8.65 billion in 2025 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to increasing demand for luxury travel, growing corporate travel, expansion of the aviation industry, rise in hybrid flight models, and increasing use of electric jets.

The business jet rental market size is expected to see rapid growth in the next few years. It will grow to $15.33 billion in 2029 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rising demand for on-demand travel, increasing disposable income, growing preference for private travel, rising number of ultra-high-net-worth individuals, and expansion of private jet networks. Major trends in the forecast period include introduction of on-demand booking platforms, improved fuel efficiency, enhanced in-flight connectivity, more sustainable and eco-friendly aircraft, AI-driven flight optimization, and personalized luxury services tailored to customer preferences.

The forecast of 15.4% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through supply chain disruptions for aircraft maintenance parts, sourced from key regions such as Canada and Mexico, which could lead to higher operational costs for charter operators.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing demand for the aviation industry is expected to drive the expansion of the business jet rental market in the future. Aviation encompasses the design, development, operation, and use of aircraft for various purposes, including transportation, military, commercial, and recreational. The increasing demand for aviation is driven by factors such as economic growth, rising disposable incomes, business globalization, expanding tourism, advancements in aircraft technology, and the desire for faster and more convenient travel. Business jet rental services play a key role in supporting the aviation industry by boosting demand for private aircraft, improving operational efficiency, generating revenue for charter operators and manufacturers, encouraging technological advancements, optimizing fleet usage, and meeting the growing needs of high-net-worth individuals, corporate executives, and government agencies who seek flexible, time-saving, and luxurious air travel solutions. For example, according to a report by the Bureau of Transportation Statistics, a US-based government agency, airlines saw a significant increase in passenger traffic in 2022, carrying 853 million passengers, a 30% rise from the previous year. This growing demand for aviation drives the growth of the business jet rental market.

Companies in the business jet rental market are focusing on innovative luxury jet charter services to meet the needs of high-net-worth individuals, corporate executives, and VIP travelers, offering personalized, on-demand, and highly comfortable air travel experiences. These premier luxury jet charter services provide exclusive private air travel, featuring top-tier aircraft, custom amenities, and exceptional comfort for discerning clients. For instance, in January 2025, FlyJetr, a Poland-based commercial company specializing in business aviation and VIP charter flights, launched its premier luxury jet charter service, aiming to redefine private aviation and make luxury air travel more accessible. FlyJetr introduced a one-touch Set and Jet access feature, enabling clients to effortlessly book flights on over 15,000 jets to 12,000 airports worldwide, catering to both business and leisure travelers. FlyJetr emphasizes personalized services tailored to individual preferences, ensuring memorable journeys for clients. The Set and Jet feature streamlines the flight booking process, enhancing flexibility and convenience. FlyJetr is positioned to serve a wide range of clients, including high-net-worth individuals and corporate customers, with access to a vast fleet of jets and numerous airports.

In June 2022, Vista Global Holding, a UAE-based aviation company, acquired Jet Edge International Inc. for an undisclosed amount. This acquisition aims to expand Vista Global Holding's fleet, strengthen its position in the private aviation sector, and enhance its charter and membership services by adding Jet Edge International's large-cabin and super-midsize jets. Jet Edge International Inc. is a US-based company that specializes in business jet rental services.

Business jet rental is the service of renting a private jet for either business or personal travel, providing flexibility, convenience, and privacy. It enables clients to bypass commercial airline schedules and enjoy a more tailored travel experience.

The primary types of business jet rental include on-demand charter, fractional ownership, jet card programs, and aircraft leasing. On-demand charter allows individuals or companies to rent a private jet for a specific trip without the need for long-term commitments. The jets available vary in size, including light, medium, and large aircraft. These jets are used by both private individuals and operators.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp increase in U.S. tariffs and resulting trade disputes in spring 2025 are significantly affecting the aerospace and defense sector. Prices for key materials such as titanium, carbon fiber composites, and avionics primarily sourced from international suppliers have surged. Defense contractors, constrained by fixed-price government contracts, are forced to absorb these rising costs. Meanwhile, commercial aerospace companies are encountering resistance from airlines over increased aircraft prices. In addition, customs delays are disrupting already tight production timelines for jets and satellites. In response, the industry is stockpiling essential materials, pursuing import waivers for defense-related goods, and working with allied nations to diversify supply chains.

The business jet rental market research report is one of a series of new reports that provides business jet rental market statistics, including the business jet rental industry's global market size, regional shares, competitors with a business jet rental market share, detailed business jet rental market segments, market trends and opportunities, and any further data you may need to thrive in the business jet rental industry. This business jet rental market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the business jet rental market are NetJets Inc., Jet Aviation AG, Wheels Up Partners LLC, Flexjet LLC, Solairus Aviation LLC, VistaJet Limited, XO Global LLC, Gama Aviation Plc, Jet Linx Aviation, Air Charter Service Group Ltd., Clay Lacy Aviation Inc., Executive Jet Management Inc., Nicholas Air LLC, Airshare LLC, JetSuite Inc., Magellan Jets LLC, GlobeAir AG, Sentient Jet, SaxonAir, Victor International Ltd.

North America was the largest region in the business jet rental market in 2024. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the business jet rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The business jet rental market includes revenues earned by companies providing services such as chartered flight services, luxury in-flight services, jet leasing, and on-demand flight scheduling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.