Introduction to "𝐕𝐞𝐫𝐲 𝐋𝐢𝐠𝐡𝐭 𝐉𝐞𝐭𝐬": Market Trends and Technological Advances

 Very Light Jet refers to a compact aviation solution that has maximum takeoff weight of less than 13,000 lbs. or 5,900 kg with passenger capacity not more than 9 to 10 passengers. Very light jets are considered as the compact business jet solution and approved for single pilot operation. Very light jet has several benefits over other aviation options as it is a cost-effective and fuel-efficient solution.

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The major impact is experienced by public mobility as people are suggested to stay at home and prefer to work from home wherever possible. From March 2020, public transport in majority of the big cities has been completely or partially shut down. Restriction on public mobility has been lifted partially since the past two or three months; however, the world’s major cities are experiencing a 70% to 90% reduction in public transportation ridership

Factors, such as growing inclination toward compact and private aviation solutions and cost-effectiveness over other aircraft, are anticipated to create lucrative growth opportunities for the very light jet market. The light aircraft segment is estimated to have leading market share, owing to its wide range of applications in civil, commercial, and military operations.

Top Market Players - 

𝐁𝐎𝐌𝐁𝐀𝐑𝐃𝐈𝐄𝐑 𝐈𝐍𝐂., 𝐍𝐄𝐗𝐓𝐀𝐍𝐓 𝐀𝐄𝐑𝐎𝐒𝐏𝐀𝐂𝐄 𝐇𝐎𝐋𝐃𝐈𝐍𝐆𝐒, 𝐋𝐋𝐂, 𝐓𝐄𝐗𝐓𝐑𝐎𝐍 𝐈𝐍𝐂., 𝐏𝐈𝐋𝐀𝐓𝐔𝐒 𝐀𝐈𝐑𝐂𝐑𝐀𝐅𝐓 𝐋𝐓𝐃, 𝐂𝐈𝐑𝐑𝐔𝐒 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐈𝐄𝐒, 𝐈𝐍𝐂., 𝐄𝐌𝐁𝐑𝐀𝐄𝐑 𝐒𝐀, 𝐇𝐎𝐍𝐃𝐀 𝐌𝐎𝐓𝐎𝐑 𝐂𝐎., 𝐋𝐓𝐃., 𝐃𝐈𝐀𝐌𝐎𝐍𝐃 𝐀𝐈𝐑𝐂𝐑𝐀𝐅𝐓 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐈𝐄𝐒 𝐆𝐌𝐁𝐇, 𝐒𝐓𝐑𝐀𝐓𝐎𝐒 𝐀𝐈𝐑𝐂𝐑𝐀𝐅𝐓, 𝐈𝐍𝐂, .𝐌𝐒𝐂 𝐀𝐄𝐑𝐎𝐒𝐏𝐀𝐂𝐄 𝐋𝐋𝐂