In 2023, there was some uncertainty in the private jet market. Would the post-pandemic boom continue, or would the market fall into decline? In 2020 and 2021, there was a 20% increase in first-time aircraft purchases. Charter operators saw a considerable rise in demand for their services for passengers who suddenly couldn't travel or had health concerns. Some business or first class travelers changed to flying privately and never went back. Business aviation weathered the storm, but no one knew if the bubble would burst.