Shared Ownership Propels Private Aviation Market to a $26.6B Valuation
The private aviation industry is experiencing unprecedented growth as shared ownership models democratize access to private air travel. This transformation has turned what was once an exclusive luxury into a practical business tool for a broader market segment.
In 2024, the private jet market reached a valuation of $26.6 billion and is projected to nearly double to $50.8 billion by 2034, according to industry analysis. This explosive growth is being driven primarily by fractional ownership programs, which allow buyers to own shares of aircraft—typically ranging from 1/16th to larger portions—rather than purchasing an entire plane.
Fractional ownership has dramatically lowered the barrier to entry for private aviation. For under $1 million, buyers can secure aircraft access with shares providing 50 hours or more of annual flight time. This is combined with monthly management fees of $5,000 to $10,000. Let’s compare this to full aircraft ownership costs:
- Full aircraft ownership costs range from $2 million to over $110 million
- Ongoing expenses include maintenance, hangar rental, crew salaries, insurance, and repairs
This business model has attracted a diverse range of stakeholders, from corporations and government organizations to high-net-worth individuals beyond the ultra-wealthy. The global aircraft fractional ownership market alone was valued at $11.2 billion in 2024.
Private aviation now supports over 1.2 million jobs in the United States and provides access to more than 5,000 public-use airports—compared to roughly 500 served by commercial airlines—creating significant economic impact for regional communities.
Source: ABC17 News