The global chartered air transportation market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period (2023–2030). The chartered air transportation market is growing due to a combination of factors such as customization, time-saving, accessibility, flexibility, privacy, comfort, and safety. For instance, business travelers are increasingly opting for chartered air transportation to reach their destinations quickly and efficiently, while high-net-worth individuals and celebrities value the privacy and comfort offered by private air travel. Furthermore, medical and government agencies often use chartered flights to transport personnel and equipment to various locations around the world. The cargo charter services are also becoming increasingly popular, facilitating the transportation of large, oversized, or time-sensitive shipments that cannot be accommodated by regular commercial flights. For instance, recently, in March 2023, Deugro is a freight forwarder that specializes in providing turnkey logistics solutions for industrial projects, successfully delivered 13 plant components to a petrochemical plant in Saudi Arabia using three AN-124-100 air charter flights from Italy and Belgium. The client approached deugro Netherlands after a production line shutdown at the Saudi plant, and due to the critical nature of the situation, an air charter solution was chosen to ensure the shortest possible transit time. This allowed for greater flexibility in choosing the airports of origin and destination that were closest to the supplier locations and the plant site and enabled the flights to be scheduled in accordance with the manufacturing schedules.
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Additionally, companies are also launching new chartered air transportation options owing to the increasing demand. For instance, in March 2023, EgyptAir stated that beginning September 4, 2023, it would fly direct flights between Cairo International Airport (CAI), Egypt's main hub, and So Paulo Guarulhos International Airport (GRU). When it is launched, this will be Guarulhos' third direct route from Africa. According to an agreement signed on March 16, 2023, in Cairo, the flights will be chartered and managed entirely by Spain's largest air consolidator, MasterFlights. Brazil's National Civil Aviation Administration has approved the flights (ANAC). Domestic flights inside Egypt will also be available, as well as links to Tel Aviv, Amman, Dubai, and Istanbul. Overall, the growing demand for personalized and efficient travel options is expected to continue driving the growth of the chartered air transportation market in the future.
Market Coverage
• The Market Number Available for – 2022-2030
o Base year- 2022
o Forecast period- 2023 -2030
• Segment Covered-
o By Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- XO Global LLC, NetJets Services, Inc., VistaJet Group Holding Ltd., Directional Aviation, Jets.com, and others.
Key questions addressed in the report
• What is the market growth rate?
• Which segment and region dominated the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segments
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Chartered Air Transportation Market Report Segment
By Type
Global Chartered Air Transportation Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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