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Air Charter Services Market Trends

Report ID: GMI10011 Published Date: June 2024Report Format: PDF
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Air Charter Services Market Trends

Air charter services are witnessing significant growth in e-commerce due to the need for faster delivery times. E-commerce thrives on selling a diverse range of items, many of which have a limited shelf life or are susceptible to delays. Pharmaceuticals, fresh food, and high-end gadgets all require prompt delivery to ensure quality and consumer pleasure. Air cargo charters provide a substantial speed advantage over typical transportation options such as container ships and commercial airplanes.

Direct flights and flexible scheduling reduce layovers and delays, allowing products to reach their destination faster. Unlike commercial airlines, which have defined routes and schedules, air charters can fly to smaller airports closer to their eventual destination. This removes the need for extra ground transportation, which speeds up the delivery process. Companies that offer fresh flowers, seafood, or other perishable items might profit from air charters' quickness.

For instance, in June 2024, AVEM AERO, an Estonia-based urgent air cargo charter operator, introduced a new Antonov AN-12 freighter to its fleet. The aircraft, UR-11316, is available for air cargo charters worldwide, effective June 12, 2024. The AN-12 has a payload capacity of up to 18 tons, a flight range of 3,600 km, and a ramp for loading in the tail section, making it suitable for military logistics, humanitarian aid, outsized cargo, oil well equipment, and freight operations in remote or austere locations.

Author: Suraj Gujar, Partha Paul
Frequently Asked Question(FAQ) :

How big is the air charter services market?+

Market size for air charter services was USD 30.1 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 owing to the increased demand for private jets from high-net-worth individuals worldwide.

Why is the demand for private air charter services growing?+

Air charter services industry from the private charter segment held over 40% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to passengers benefiting from unsurpassed privacy and security while traveling by private charter.

What is the size of the North America air charter services market?+

North America industry held 45% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a huge number of high-net-worth individuals who can afford the luxury and convenience of private jet travel in the region.

Who are the key leaders in the air charter services industry?+

VistaJet, NetJets, Jet Aviation, Air Charter Service, Wheels Up, Flexjet, and Solairus Aviation, are some of the major air charter services companies worldwide.

Air Charter Services Market Scope

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