Jet fuel rose again last week.
IATA’s global average jet fuel price rose 1.2% to $192.44/bbl in the week ending Oct 16, up 113.7% year on year and 4.3% on the previous month. Europe was already the most expensive region the week before, at $202.61/bbl.
Honeywell expects nearly 10,000 new business jets by 2035.
Honeywell’s Global Business Aviation Outlook forecasts 9,950 business jets and 4,200 turboprops delivered from 2026 to 2035, worth $343 billion. It sees the fleet growing 29% to about 51,000 and flight hours rising 34%, with fractional flight hours up 96%. Business jet flying is up 4% so far in 2026, led by midsize jets at 7%, and 32% of operators surveyed expect to fly more in 2027.
Used jets stay scarce, according to Honeywell’s survey.
Honeywell says only about 6% to 7% of the existing fleet is listed for sale, and some operators are buying pre-owned aircraft to bridge the wait for new deliveries.
Brokers and managers keep consolidating.
At the NBAA-BACE Newsmakers lunch, Steve Varsano discussed Flexjet’s acquisition of his brokerage The Jet Business, and Solairus CEO Dan Drohan discussed buying Clay Lacy Aviation’s management and charter divisions.
In the UK, Affinity Aviation Group takes a stake in AeronautX.
Affinity, which sells, acquires and charters business jets, has taken a significant stake in pilot-training company AeronautX UK. A Farnborough office and UK training centre are planned for Q1 2027.
New light jets: the first production CJ4 Gen3 and SyberJet’s order book.
Textron Aviation rolled out the first production Citation CJ4 Gen3, with Garmin G3000 PRIME avionics and Emergency Autoland, and expects it to enter service next year. SyberJet opened reservations for the seven-seat SJ34 (deliveries from 2029, launch pricing $10–12 million) and the nine-seat SJ36 (from 2032, $14 million).
This briefing is a market summary compiled from the cited public sources. It is not investment, legal or operational advice; figures are as reported by those sources.
