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Passenger Chartered Air Transport Global Market Report 2023 – By Type (Private Charter Services, Business Charter Services), By Size (Light Jets, Mid Sized Jets, Large Jets, Air Liner), By Capacity (Less than 10, 10100, Greater than 100) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1038 | Delivery Time: 2-3 business days | Format :


Passenger chartered air transport service refers to a mode of transportation for people that uses aircraft, such as planes and helicopters, to provide air transportation services for passengers, including non-scheduled(non-scheduled) air carriers, to facilitate fast travel with improved security and to be used in emergency operations.

The main types of passenger-chartered air transport covered in this report are private charter services and business charter services. Private charter services involve situations in which an individual can rent an entire aircraft from a commercial airline. It is also segmented by size into light jets, mid-sized jets, large jets, and airliners. The market covered is segmented by capacity into less than 10, 10-100, and greater than 100.

The passenger chartered air transport market research report is one of a series of new reports from The Business Research Company that provides passenger chartered air transport market statistics, including passenger chartered air transport services industry global market size, regional shares, competitors with a passenger chartered air transport market share, detailed passenger chartered air transport market segments, market trends and opportunities, and any further data you may need to thrive in the passenger chartered air transport services industry. The passenger chartered air transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global passenger chartered air transport market size will grow from $49.14 billion in 2022 to $52.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global passenger chartered air transport market size is expected to grow to $66.83 billion in 2027 at a CAGR of 6.2%.

The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia-Pacific, Australia leads the market with 57 charter jets for 27 billionaires, followed by Singapore, which has 30 charter jets for 28 billionaires. The prevalence of COVID-19 has also supported the growth of the market as the individual’s travelling had to maintain social distance and the UHNWIs were looking for safe and customised travel options. The growing preference for private charters has contributed to the growth of the passenger-chartered air transport market.

Fluctuating fuel prices are expected to hinder the growth of the passenger-chartered air transport market. An increase in fuel prices increases the operating costs of charter flights, which increases the rental price of charter flights. For instance, in November 2022, according to a report published by the Poynter Institute, a US-based research organization, the jet fuel price will increase from $2.3 per gallon at the end of 2021 to at least $3.45 per gallon across the globe. Therefore, sudden fluctuations in price are expected to impact the growth of the passenger-chartered air transport market.

A custom luxury vacation tour by chartered jet is a major trend gaining popularity in the global passenger chartered air transport market. People are prioritising travel, adventures, and unique experiences, and private chartered jet services are offering customised tours for groups of travellers on round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company that provides round-the-world tours on all-first-class airliners, is now offering personalised tours through bizjet for up to 16 passengers.

In March 2020, Wheels Up, a leader in total aviation solutions, acquired Gama Aviation for an undisclosed amount. The acquisition will increase Wheels Up’s fleet with more than 300 planes owned and operated. Gama Aviation is a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft.

Major players in the passenger chartered air transport market are Air Charter Service Group Ltd., Air Partner PLC., Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC., Gama Aviation PLC., GlobeAir AG, NetJets Aviation Inc., and XO Global LLC.

North America was the largest region in the passenger chartered air transport market in 2022. Asia-Pacific was the second largest region in the global passenger chartered air transport market. The regions covered in the global passenger chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the passenger chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The passenger air transport services market includes revenues earned by entities that transport passengers from one location to another in a short period of time while also improving security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global passenger chartered air transport market is segmented -

1) By Type: Private Charter Services, Business Charter Services

2) By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner

3) By Capacity: Less than 10, 10-100, Greater than 100

    Table Of Contents

    1. Executive Summary

    2. Passenger Chartered Air Transport Market Characteristics

    3. Passenger Chartered Air Transport Market Trends And Strategies

    4. Passenger Chartered Air Transport Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Passenger Chartered Air Transport Market

    4.2 Ukraine-Russia War Impact On Passenger Chartered Air Transport Market

    4.3 Impact Of High Inflation On Passenger Chartered Air Transport Market

    5. Passenger Chartered Air Transport Market Size And Growth

    5.1. Global Passenger Chartered Air Transport Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Passenger Chartered Air Transport Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Passenger Chartered Air Transport Market Segmentation

    6.1. Global Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Private Charter Services

    Business Charter Services

    6.2. Global Passenger Chartered Air Transport Market, Segmentation By Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Light Jets

    Mid Sized Jets

    Large Jets

    Air Liner

    6.3. Global Passenger Chartered Air Transport Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Less than 10

    10-100

    Greater than 100

    7. Passenger Chartered Air Transport Market Regional And Country Analysis

    7.1. Global Passenger Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Passenger Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Passenger Chartered Air Transport Market

    8.1. Asia-Pacific Passenger Chartered Air Transport Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Passenger Chartered Air Transport Market

    9.1. China Passenger Chartered Air Transport Market Overview

    9.2. China Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Passenger Chartered Air Transport Market

    10.1. India Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Passenger Chartered Air Transport Market

    11.1. Japan Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Passenger Chartered Air Transport Market

    12.1. Australia Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Passenger Chartered Air Transport Market

    13.1. Indonesia Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Passenger Chartered Air Transport Market

    14.1. South Korea Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Passenger Chartered Air Transport Market

    15.1. Western Europe Passenger Chartered Air Transport Market Overview

    15.2. Western Europe Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Passenger Chartered Air Transport Market

    16.1. UK Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Passenger Chartered Air Transport Market

    17.1. Germany Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Passenger Chartered Air Transport Market

    18.3. France Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Passenger Chartered Air Transport Market

    19.1. Eastern Europe Passenger Chartered Air Transport Market Overview

    19.2. Eastern Europe Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Passenger Chartered Air Transport Market

    20.1. Russia Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Passenger Chartered Air Transport Market

    21.1. North America Passenger Chartered Air Transport Market Overview

    21.2. North America Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Passenger Chartered Air Transport Market

    22.1. USA Passenger Chartered Air Transport Market Overview

    22.2. USA Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Passenger Chartered Air Transport Market

    23.1. South America Passenger Chartered Air Transport Market Overview

    23.2. South America Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Passenger Chartered Air Transport Market

    24.1. Brazil Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Passenger Chartered Air Transport Market

    25.1. Middle East Passenger Chartered Air Transport Market Overview

    25.2. Middle East Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Passenger Chartered Air Transport Market

    26.1. Africa Passenger Chartered Air Transport Market Overview

    26.2. Africa Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Passenger Chartered Air Transport Market Competitive Landscape And Company Profiles

    27.1. Passenger Chartered Air Transport Market Competitive Landscape

    27.2. Passenger Chartered Air Transport Market Company Profiles

    27.2.1. Air Charter Service Group Ltd.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Air Partner Plc

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Asia Jet Partners Ltd.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. ASIAN SKY GROUP

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Delta Private Jets, Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Passenger Chartered Air Transport Market

    29. Passenger Chartered Air Transport Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Passenger Chartered Air Transport Market, Segmentation By Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Passenger Chartered Air Transport Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Passenger Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Passenger Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Air Charter Service Group Ltd. Financial Performance
  • Table 28: Air Partner Plc Financial Performance
  • Table 29: Asia Jet Partners Ltd. Financial Performance
  • Table 30: ASIAN SKY GROUP Financial Performance
  • Table 31: Delta Private Jets, Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Passenger Chartered Air Transport Market, Segmentation By Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Passenger Chartered Air Transport Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Passenger Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Passenger Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Passenger Chartered Air Transport Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Air Charter Service Group Ltd. Financial Performance
  • Figure 28: Air Partner Plc Financial Performance
  • Figure 29: Asia Jet Partners Ltd. Financial Performance
  • Figure 30: ASIAN SKY GROUP Financial Performance
  • Figure 31: Delta Private Jets, Inc. Financial Performance
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