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Description
Air Charter Services Market size is valued at USD 27,452.2 million in 2021 and is expected to grow at a CAGR of 3.6% during the forecast period 2022 to 2028. The global market provides a detailed overview and can be segmented by type, application, and region. By type, the air charter services market has been segmented into private charter services and business charter services. By type, the private charter services segment held a significant market share, and will undoubtedly increase its demand over the forecasted period. The company’s largest charter division is the private jet division, with an increment of 40% growth every year. This has grown 20% higher than the pre-pandemic level, compared to the expected 7.5% growth in flights for the charter sector, showing a large increase in market share. Some of its advantages are enhanced productivity, onboard office, and security & confidentiality. Based on the application, the segment has been segregated into charter passenger and charter freight. Charter freight is expected to grow fast due to its benefits such as rapid, timely response, traceable delivery, and secure transportation.
Key Development:
In Sept 2022, Air Charter Service launches ACS Time Critical to consolidate a range of urgent cargo services.
In Nov 2021, MakeMyTrip and GO FIRST join hands to launch exclusive Air Charter Holiday Services to Phuket.
