Air charter services involve renting an entire aircraft or individual seats on a plane for private use or business travel. These services are often used for travel to remote or hard-to-reach destinations, as well as for emergency medical flights and cargo transportation.
The global air charter services market is expected to grow in the coming years, driven by increasing demand for private and business air travel, as well as the need for emergency medical transportation and cargo delivery. The market is also expected to benefit from the development of new aircraft and advances in technology that improve the efficiency and safety of air travel.
The market is segmented by service type, aircraft type, and region. Service types include full charter, split charter, and individual seat sales. Aircraft types include turboprop, light jet, mid-size jet, heavy jet, and others. Regions covered in the market include North America, Europe, Asia Pacific, and the rest of the world.
The main challenges facing the air charter services market include increasing regulation, the high cost of aircraft acquisition and maintenance, and the need to maintain high levels of safety and security. However, the growing demand for private and business air travel, as well as the need for emergency medical transportation and cargo delivery, is expected to drive the market in the coming years
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Segmentation of the Air Charter Services Market :
- By Application :
- Private Charter
- Group Charter
- Cargo Charter
- By End-User :
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Key Takeaways from Market Study
- During the historic period (2018-2022), the CAGR of air charter services market was 4.5%
- The market is projected to rise with a CAGR of 5.4% during the forecast period (2023-2033).
- Among the region, North America holds leading share of 44.0% in the global air charter services market.
- In the end-user, business/corporates holds the largest share with 85.0% in the global air charter services market.
Key Companies Profiled
- Air Charter Service India Pvt. Ltd.
- Gama Aviation
- Air Partner
- Asia Jet Sdn Bhd
- ASIAN SKY GROUP
- BlueStar Air Services
- European Air Charter
- Flexjet LLC
- GlobeAir AG
- Jet Aviation AG
- Luxaviation S.A.
- PrivateFly Ltd.
- Solairus Aviation
- VistaJet Group Holding Ltd.
Wheels Up Partners LLC