Air Charter Services Market Size – By Aeroplane Type, By Service Type, By End Use – Global Forecast, 2025 - 2034

Air Charter Services Market Size

The global air charter services market size was valued at USD 32.2 billion in 2024 and is estimated to grow at 5.6% CAGR from 2025 to 2034. The rising popularity of air charter services among business travelers has led to the growth of air charter services.
 

To avoid delays and optimize the travelling schedule the business executive and high net-worth individuals prefer chartered flights. In November 2023, the magazine of the Sierra Club highlighted in its report of 2022 that the number of wealthy passengers taking private jet had risen from 10% to 14% compared to the pre-pandemic year. The total number of private jets taking off 2020 and 2022 in Europe rose from almost 120,000 to 573,000.
 

The growing e-commerce sector has fueled demand for faster deliveries, which is also a key factor for the growth of the air charter services market. According to the International Trade Administration (ITA) the global B2B e-commerce business is expected to reach around USD 36 trillion by the year 2026 and the global B2C e-commerce business is projected to grow and reach a value of USD 5.5 trillion by 2027. This rising e-commerce market highlights the need for faster delivery services which in turn leads to the growth of air charter services as the ordering volumes are substantially increasing.
 

The changing consumer preferences of buying products online and seeking the delivery of the products at a faster rate act as catalyst in the dedicated air cargo freight services which in turn provide opportunities for the air charter services to grow in the current dynamics of the market. In September 2024, the Cainiao Group launched Xi’an-Liege e-commerce charter flights to boost the China-Europe cross border delivery capabilities. They used Boeing 767-300 freighter to carry 50 tons of cross-border e-commerce goods, including 150,000 cross border parcels.
 

To accelerate the growth of the market, companies should invest in expanding their fleets to meet increasing demand from business travelers and e-commerce sector. Optimising service delivery and drawing in high-net-worth customers can be achieved by increasing operational efficiency, using digital booking, tracking solutions, and developing strategic alliances with logistical suppliers.
 

Air Charter Services involves the rental of the aircraft for passengers and cargo transportation which bypasses the commercial scheduled airline routes. These services provide flexibility, efficiency and privacy to the business executives, high net-worth individuals, medical evacuations, and cargo logistics.
 

Air Charter Services Market Trends

• The demand for air charter services is rising to cater for the transportation of the goods from one country to another. For instance, in June 2024, Cargojet made an agreement with Great Vision HK Express to provide weekly charter flight services from China to Canada. To accomplish it, Cargojet has deployed its B767-300F aircraft.
   
• The growing tourism industry is one of the factors for the air charter services market growth. There are increasing partnerships among companies to provide tourists and residents with direct connections between places through the air charter services. For instance, in December 2024, Charter Air Direct introduced jet charter service in collaboration with Freedom II Bermuda Limited and started to offer direct connection between Anguilla and San Juan, Puerto Rico for improving the travel convenience.
   

Air Charter Services Market Analysis

Based on Aeroplane Type, the market is divided into turbofan, turboprop, turboshaft, and turbojets.
 

• The turbofan aircraft segment is expected to grow at a CAGR of 5.9% till 2034. The changing dynamics of the aviation sector has led to a rise in new turbofan aircraft for the smooth transportation of goods. Turbofans are widely used in the air cargo services and companies are leveraging the turbofan engines for the bulk transport of goods and items. For instance, in September 2024, Volanteus launched its cargo charter service for the secure transportation of goods.
   
• The turboprop segment is anticipated to reach USD 13.8 billion by 2034. The turboprop aircraft air charter services are in trends owing to their lower operation cost as compared to jets. It attracts the passengers for shorter routes. Companies are increasing the air charter services to cater to the needs of the passengers. For instance, in January 2024, Alliance Air announced its plans to increase its air charter services and increase its frequency to the northeast and Lakshadweep.
   

Based on service type, the market is bifurcated into private charter services, group charter services, and cargo charter services.
 

• The private charter services market is projected to grow at a CAGR of 6.1% till 2034. The demand of individuals and corporates for the premium air charter service has led to the introduction of private jet services. In April 2024, the Sirius Indian Airlines joined hands with Dubai-based Transworld Group for the launch of the air travel charter services. The flexible scheduled timings with highest safety standards attract individuals for private jet air charter services.
   
• By 2034, the group charter services market is predicted to hit USD 14.4 billion. The growing interest for enhanced experience among the corporates, sport teams and leisure groups reflect the growth of the air charter services market.
   

Based on end-user, the market is bifurcated into individuals and corporates, government and defense, sports and entertainment and healthcare sector.
 

• The individuals and corporates market was valued at USD 17.4 billion in 2024. The high-net-worth individuals and the businesses corporates are seeking premium air charter services for recreational trips. The corporate shuttle services have added fuel to the market’s growth.
   
• The healthcare sector market is expected to grow at a CAGR of 6% till 2034. The medical transport solution with rapid and safe transfer of patients pushes the air charter services in the healthcare sectors. The companies providing air medical charter services ensure the highest level of care and charter services appoint medical crews having experience of ICU. The flights are made available 24/7 to help the patients reach the hospitals on time.
   

• In 2024, the U.S. air charter services market was valued at USD 12.2 billion. The rising demand for regional private aviation access reflects the growing demand of the air charter services. The expansion in the air charter services caters the need of the individuals in the country for whom separated dedicated terminal facilities are present. For instance, in February 2025, United Companies Air Center (formally known as Tri-State Aero) expanded its charter services and offers up to 8 passengers in CJ3 aircraft. The service operates 24 hours daily, which focuses on business and leisure travelers at Evansville Regional Airport (KEVV).
   
• The air charter services market in the UK is expected to grow at a CAGR of 5.6% through 2034. The growing preferences for safe and fast travel with the leverage of the desired scheduled timings showcases the growing potential of the air charter services. In the UK, there is increasing demand by individuals and groups for private jet services. In May 2024, on-demand private jet charter and jet card broker opened its third office in England, expanding its UK network.
   
• The Chinese air charter services market is likely to exceed USD 3.9 billion by 2034. With the rise in commercial activities. For instance, in December 2024, Gallop Air launched its commercial service with C909 charter. The Gallop Air Charter service operates between the Guangzhou and the southeast Asian country of Brunei.
   
• The air charter services market in India is expected to grow at a CAGR of 8.3till 2034. India witnesses significant market growth with the rising demand from the passengers and cargo. Air Charter Service (ACS), a charter broker mentioned the rising growth in the cargo division due to the rise in e-commerce, maritime uncertainties, and supportive government initiatives.
   
• The air charter services market in Australia is predicted to grow at a CAGR of 7.8% up to 2034. There is growing fleet of charter planes in Australia which reflects the growing demand of the air charter services in the country. Air Charter Service (ACS) highlighted the growth in the charter numbers, size of the team and revenue from its Brisbane office. There are growing partnerships for the expansion of the air charter services in Australia. For instance, in December 2024, GlobalX launched Joint Venture (JV) to create new Australian charter airline and planned to use A320 aircraft in partnership with ATB Aviation Australia.
   
• The UAE air charter service market is projected to grow at a CAGR of 5% up to 2034. The growing demand for short regional trips has led to the growth of the air charter services in UAE. In July 2023, Dubai-based airline launched its regional charter services within the Gulf Cooperation Council (GCC) countries from Al Maktoum International Airport.
   

Air Charter Services Market Share

The air charter services industry is competitive owing to the rising demand for the charter services by the corporate executives, individuals, and healthcare sectors. The top 5 companies in the air charter services industry are NetJets IP, LLC, Wheels Up, VistaJet, Air Charter Service (ACS), Flexjet and they together constitute a market share of 45% in 2024. The companies in the market are extending the air charter service programs through strategic collaboration and investments. They are increasing their services catering to the rising demand from the high-net-worth individual for private jets, and group charter services for sports teams. Companies are also focussing on increasing flexible air charter services. For instance, in May 2024, VistaJet launched its flexible charter services by providing private jet services for the West African organisations and businesses.
 

Air Charter Services Market Companies

The top 5 companies operating in the air charter services industry include:

• NetJets IP, LLC
• Wheels Up
• VistaJet
• Air Charter Service
• Flexjet
   

NetJets IP, LLC operates and maintains private jet fleet. It allows the clients for partial ownership of the private jets. The company introduced 200 new jets in 2024 and 2025. It has decade long partnership with aircraft manufacturers. In April 2024, NetJets IP, LLC made partnerships with the R&A as an official private jet provider for the golf championship, called ‘The Open’.
 

Wheels Up differentiate itself in the air charter services through a comprehensive global aviation solution which combines a diverse fleet with a network of safety-chartered operators. In November 2024, the company acquired 17 Embraer Phenom 300/300Es from Gran View Aviation.
 

Air Charter Services News:

• In February 2025, air charter service provider Hera flight of Clearwater received the Federal Aviation Administration (FAA) approval for the worldwide class II operations. It allows the private jets operators to conduct international flights over oceanic air spaces and remote areas. The approval is provided to flights with advanced safety and navigation systems.
   
• In March 2025, Altair Internation Corp. announced its merger with Premier Air Charter Inc. The aim of merger encircles the expansion of Altair’s presence in the air charter services sector by leveraging the expertise of Premier Air Charter’s established network and operational expertise.
   
• In June 2024, AVEM AERO started flying its AN-12 air cargo which has a loading capacity of 18 tons and can cover a range of 3,600 km with a ramp for loading in the tail section. AN-12 is ideal for humanitarian aid, outsized cargo, military logistics, etc.
   

The air charter services market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:

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Market, By Aeroplane Type

• Turbofan
• Turboprop
• Turboshaft
• Turbojets

Market, By Service Type

• Private charter services        
  • Luxury
  • Business
  • Medical
• Group charter services         
  • Luxury
  • Business
• Cargo charter services          

Market, By End Use

• Individuals and Corporates
• Government and Defense
• Sports and Entertainment
• Healthcare Sector

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific 
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE