Boeing has announced orders for up to four premium, ultra-long-range Boeing Business Jets (BBJ). The orders to undisclosed VIP customers include two BBJ 787-8s, one BBJ 737-7 jet and an option to purchase a BBJ 777-9.
The company shared details of the new 2023 orders at the European Business Aviation Convention & Exhibition (EBACE) in Switzerland.
“With the right combination of comfort, performance and best-in-class operating economics, the BBJ family offers VIP customers all the features they are looking for in a business jet,” said Joe Benson, BBJ president.
“Designed on the platforms of Boeing’s best-selling commercial airframes, customers recognize the value in operating the most reliable and capable jets in world.”
Boeing Business Jet (BBJ) range
Equipped with the latest innovations and technologies of Boeing’s commercial airplanes, the enhanced environmental performance of the BBJ family reduces fuel use compared to previous generations of each aircraft.
The jets provide customers with a unique combination of globe-spanning range, efficiency and passenger comfort.
The best-in-class operating economics of the BBJ family strongly position the jets in the business aviation market.
Designed to fly upwards of 4,000 hours per year, BBJs provide far higher reliability and retain more residual value compared to competitors.
Aircraft are supported by Boeing’s global network of services, parts and maintenance, the jets can also be serviced globally with customers benefitting from reduced parts and training costs.
As the longest-range, non-widebody business jet in its class, the BBJ 737 MAX can fly 6,600 nautical miles (12,200 km) nonstop to connect global hubs such as Geneva and Singapore.
With enhanced efficiency, the BBJ 737-7 reduces emissions and fuel use while lowering operating costs.
With its visionary composite airframe, the BBJ 787 Dreamliner delivers fuel savings with a range up to 9,945 nautical miles (18,420 km).
Along with improved environmental performance, the Dreamliner’s lower cabin altitude, increased cabin air humidity and advanced smooth ride technology to counter the effects of turbulence, work together to significantly enhance passenger comfort.
The BBJ 777X is the first business jet capable of connecting any two cities in the world nonstop, flying up to 11,025 nautical miles (20,418 km).
Engineering design improvements and innovative new technologies, including a new carbon-fiber composite wing and all-new engines, improve environmental performance.
Like the BBJ 787 Dreamliner, the BBJ 777X offers leading-edge cabin comfort technologies.
The global business jet market
The global business jet market is expected to grow at a CAGR of 4.2% from 2022 to 2030. The growth of the market is driven by the increasing demand for business jets from high-net-worth individuals (HNWIs) and corporates.
The rising demand for business jets is attributed to the increasing need for time-saving and efficient travel, as well as the growing need for enhanced comfort and luxury.
The market is segmented by aircraft type, region, and end-user. By aircraft type, the market is segmented into light, midsize, large, and ultra-large business jets.
The large business jet segment is expected to be the largest segment of the market during the forecast period. The growth of this segment is attributed to the increasing demand for large business jets from HNWIs and corporates for long-range travel.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America is expected to be the largest market for business jets during the forecast period. The growth of the market in North America is attributed to the presence of a large number of HNWIs and corporates in the region.
By end-user, the market is segmented into private users and operators. The private user segment is expected to be the largest segment of the market during the forecast period.
The growth of this segment is attributed to the increasing demand for business jets from HNWIs for personal travel.
The growing demand for business jets from emerging economies is another key trend in the market. Emerging economies such as China, India, and Brazil are witnessing rapid economic growth, which is leading to an increase in the number of HNWIs and corporates in these countries.
This is driving the demand for business jets in these economies.