After a period of low business sentiment and decreased disposable income, industry profit is expected to grow moderately. Strong competition from the scheduled air transportation market and high operating costs will continue to threaten businesses, but rising disposable income and corporate profit will help boost demand. Over the five years to 2019, individuals and businesses alike will increase their use of charter jets, as confidence in the economy rises again.
Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators allow people to fly where they want (in terms of destination and airport) and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.