‘Growth and transformation’: Levaero issues 2024 Canadian Aircraft Market Report

Levaero Aviation is seeing a growing and transforming Canadian business aviation market in its third annual State of the Canadian Aircraft Market report.

The report’s top line highlights a maturing business aviation sector navigating economic headwinds.

“Canada’s business aviation sector is experiencing both growth and transformation, driven by shifting economic conditions and evolving operator needs,” said Stan Kuliavas, VP of Sales & Business Development at Levaero. “This year’s report dives beneath the surface to explore the economic and operational dynamics influencing decision-making across the country.”

Canadian operators recorded strong turboprop and jet activity, with over 50 domestic in-production aircraft transactions logged. Turboprops led the way, with models like the Pilatus PC-12 and Daher Kodiak 100 seeing high transaction volumes.

Fleet activity remains robust. Canadian jets clocked approximately 3.47m flight hours in 2024, while turboprops totalled nearly 1.78m hours. Average utilisation held steady, with jets flying roughly 126 hours annually per aircraft and turboprops 106 hours.

Cross-border market dynamics remain fluid. Canadian aircraft comprise 5.4% of the global jet fleet and 2% of turboprops, with the US and Canada jointly representing over 64% of all business aircraft for sale worldwide. However, domestic growth is tempered by factors like the federal luxury tax.

The report delivers insights into the dynamics shaping Canada’s business aviation sector, with analysis of transaction volumes, fleet activity and cross-border aircraft movements. Covering all in-production business turbine aircraft — including both turboprops and jets.

Download the full report here.