Steve VarsanoFounder at The Jet Business

How selling private jets has changed

Name: How selling private jets has changed
Uploaded: 2024-04-20T16:44:56+00:00
Duration: 29 s
Channel: Steve Varsano
Description: A 45-year veteran of the corporate jet industry explains how the market shifted from 80% US-dominated to truly global. Thirty years ago, Russia, China…

20 Apr 2024 · 0 min

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A 45-year veteran of the corporate jet industry explains how the market shifted from 80% US-dominated to truly global. Thirty years ago, Russia, China, India, and Nigeria had virtually no buyers. Today those emerging markets represent a significant share, while Europe stayed steady at around 20%.

30 years ago, there was no buyers in Russia and China and India and Nigeria. These markets were really, really pre-emerging market. They all developed over the years and they became a big piece of the global market. I started in the industry 45 years ago, and when I started, 80% of the corporate jet owners were really in the United States and 19% were in Europe. Today, Europe is still probably around 20%, but the rest of the world really took over another 20% of that market because in those days