Passenger Chartered Air Transport Market Report 2026

The passenger chartered air transport market size has grown strongly in recent years. It will grow from $58.39 billion in 2025 to $62.82 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in corporate travel requirements, rising preference for flexible travel schedules, increased use of air transport for emergency services, expansion of private aviation infrastructure, availability of diverse charter aircraft fleets.

The passenger chartered air transport market size is expected to see strong growth in the next few years. It will grow to $85.29 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing demand for time-efficient travel solutions, rising adoption of sustainable aviation fuels, expansion of air mobility services, growing investments in private aviation terminals, increasing demand for customized travel experiences. Major trends in the forecast period include increasing demand for on-demand charter flights, rising use of business and executive jets, growing adoption of helicopter charter services, expansion of luxury and premium air travel, enhanced focus on passenger security and privacy.

The growth of the global passenger-chartered air transport market is anticipated to be driven by the increasing number of business trips. Business trips, undertaken for work-related purposes, often require individuals to travel to multiple cities within a short timeframe. Chartered air transport offers a swift and efficient solution for such travel needs. According to August Finances online, there are approximately 445 million business trips annually, and this number is expected to reach US$829.5 billion by 2027. Consequently, the surge in business trips is expected to be a key factor contributing to the growth of the passenger-chartered air transport market.

Major companies operating in the passenger chartered air transport market are innovating new products, such as the use of app that uses voice technology to increase their profitability in the market. The use of apps makes it easy for customers to search for flights, compare prices, and make bookings with just a few taps. For instance, in July 2023, Jet Token, now known as Jet.AI, a US-based software and aviation company that provides technology solutions to the private aviation industry, launched a CharterGPT charter booking app utilizing voice technology. The app allows users to inquire about flights, receive estimated pricing, and obtain information on specific aircraft. The app is expected to integrate with Stripe for payments and offer recommendations on ground transportation and efficient airport locations.

In May 2023, Eastern Air Holdings, a US-based airways company acquired Hillwood Airways for an undisclosed amount. With this acquisition, Eastern Airlines strengthens its portfolio and continue to provide premier customer experiences in the charter airline business. Hillwood Airways is a US-based chartered airlines.

Major companies operating in the passenger chartered air transport market are Air Partner Plc, Delta Private Jets Inc., Jet Aviation AG, NetJets Aviation Inc, Flexjet LLC, Clay Lacy Aviation, Wheels Up Experience Inc., VistaJet Group Holding Ltd, Luxaviation Group, Travel Management Company Jets, Asia Jet Partners Ltd., Solairus Aviation, XO Global LLC, TAG Aviation, FlyExclusive, Jet Linx Aviation, Gama Aviation Plc, Executive Jet Management, Air Charter Service Group Ltd., Contour Aviation, GlobeAir AG, PrivateFly, ASIAN SKY GROUP, Deer Jet Co Ltd, Líder Aviation, ZYB LILY JET, Swift Air LLC, JetSuite, SmartJets LLC, Fly Victor, Jettly Inc.

North America was the largest region in the passenger-chartered air transport market in 2025. Asia-Pacific was the second largest region in the global passenger-chartered air transport market share. The regions covered in the passenger chartered air transport market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger chartered air transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The passenger air transport services market includes revenues earned by entities that transport passengers from one location to another in a short period of time while also improving security. 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.

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