With these technological advances, the research suggests that by 2023, the average private jet/Business Aviation customer will be under the age of 50; 11% of those interviewed believe that the average age will be below 40. These considerable changes in average age correspond to two other key findings from the research:
- 01. 67% of Business Aviation professionals expect it to become easier to book individual seats on private jets
- 02. 51% anticipate it will become easier to book ‘empty-legs’ – private jets flying without any passengers at discounts on charter rates of up to 75%
Alasdair Whyte, co-founder of Revolution Aero says, “Ten years ago there were maybe five apps focusing on the Business Aviation sector, compared to more than 50 now. Some 84% of Business Aviation professionals expect there to be more private jet apps on the market by 2023, with one in three expecting significantly more.”
“In this data and technology revolution, there is so much more that can be done to enable owners of business aircraft to make their assets more accessible to potential customers…,” continues Alasdair. “This coupled with the greater flexibility in how business aircraft can be chartered will open up business jet travel for many more people.”
The key findings of the report reflect the concerns stated in EBAA’s Millennial Report, How Millennials See the Future of Business Aviation. Topping the list of biggest challenges facing personal air transport as an option for millennials was cost, with 27% of survey respondents listing the high perceived price of Business Aviation as their main concern. These technological advances could alleviate these concerns, opening up opportunity for a whole generation of new users in the industry.
To read more about the future of Business Aviation for the next generation, download your copy of the report below.