This article is based on an official press release from Gulfstream Aerospace Corp.

Gulfstream Aerospace Corp. has officially appointed MJets Limited as its authorized international sales representative (ISR) for Thailand. The announcement, made on March 12, 2026, marks a significant expansion of the aircraft manufacturer’s footprint in the rapidly growing Southeast Asian business aviation market.

Under the new agreement, MJets will spearhead the promotion and sales support for Gulfstream’s comprehensive portfolio of business jets. This strategic move capitalizes on the surging demand for Private-Jets in the region, positioning Gulfstream to better serve high-net-worth individuals and corporate operators throughout Thailand.

The partnership builds upon an existing relationship between the two aviation entities, aiming to create a localized, full-service ecosystem for Thai aircraft owners that spans from initial acquisition to long-term maintenance.

Expanding the Gulfstream Footprint in Thailand

A Comprehensive Sales and Support Strategy

According to the official press release, MJets will be responsible for representing Gulfstream’s modern fleet, which industry research notes includes the G280, G300, G400, G500, G600, G700, and G800 models. This sales agreement is a natural progression of the companies’ working relationship. In August 2023, Gulfstream designated MJets as an official Authorized Warranty Facility, enabling the Bangkok-based company to provide comprehensive MRO support for a wide range of Gulfstream aircraft.

Gulfstream leadership emphasized the importance of local knowledge in their expansion strategy. Michael Swift, group vice president of international sales for Gulfstream, highlighted the value of the new Partnerships in the company’s official statement.

“As we continue to see business aviation grow throughout Asia, we are looking forward to leveraging MJets’ local expertise to provide customers and prospects the opportunity to experience the high quality and craftsmanship of Gulfstream aircraft firsthand,” Swift said.

MJets’ Established Infrastructure

Decades of Local Expertise

MJets brings substantial operational infrastructure to the Gulfstream sales network. Launched in the 1990s by William E. Heinecke of the Minor Group, and later joined in 2007 by veteran investor Kirit Shah of the GP Group, the company has grown into a cornerstone of the Thai business aviation landscape. MJets operates Thailand’s first and only Fixed-Base Operation (FBO) and private jet terminal, located at Bangkok’s Don Mueang Airports International Airport.

The company’s service portfolio includes aircraft charter, management, consultancy, maintenance, air ambulance, and ground handling. This comprehensive service model has earned MJets consistent industry recognition, including being repeatedly voted the best FBO in Asia-Pacific by Aviation International News, according to provided market research.

The founders of MJets view the Gulfstream appointment as a milestone for their operations. William E. Heinecke expressed pride in the new role.

“As the official authorized sales representative in Thailand, we are honored to serve as a direct bridge between Thai owners and one of the most respected aircraft Manufacturers in the world,” Heinecke stated in the press release.

Co-founder Kirit Shah echoed this sentiment, noting that the appointment allows MJets to bring Gulfstream’s performance and craftsmanship closer to local customers, supported by their long-term operational understanding.

The Southeast Asian Business Aviation Boom

Thailand’s Rapid Market Growth

Gulfstream’s decision to solidify its presence in Thailand aligns with robust regional economic trends. According to industry Market-Analysis data, the Southeast Asia business jet market was projected to reach $463.39 million in 2025, with a forecast Compound Annual Growth Rate (CAGR) of 14.36% through 2033. To meet this global and regional demand, Gulfstream has been steadily increasing its production output, with plans to deliver 158 business jets globally in 2025, up from 136 in 2024.

Thailand is emerging as a primary driver of this regional expansion. Data from Alton Aviation Consultancy indicates a dramatic increase in local private aviation activity.

“The number of business jet departures in Thailand has more than doubled since 2019,” noted Adam Cowburn, Managing Director at Alton Aviation Consultancy, in a recent market research report.

Currently, Bangkok’s Don Mueang International Airport stands as the second-busiest business aviation airport in Southeast Asia, handling approximately 2,700 departures annually. It trails only Singapore’s Seletar Airport, which handles approximately 4,000 departures per year.

AirPro News analysis

At AirPro News, we view this expanded partnership as a highly strategic maneuver by Gulfstream to establish a “one-stop-shop” ecosystem in a booming market. By appointing MJets as both a warranty facility and a sales representative, Gulfstream significantly lowers the barrier to entry for prospective Thai buyers who prioritize localized, reliable servicing.

Furthermore, the timing perfectly aligns with the rollout of Gulfstream’s ultra-long-range jets. MJets already operates the first G700 delivered in Thailand, and with the first G800 slated to arrive in the Asian region in 2026, Gulfstream is aggressively positioned to capture the ultra-high-end segment. As flight departure data shows Thailand rapidly closing the gap with Singapore, Gulfstream’s move reflects a broader industry acknowledgment of Bangkok’s growing gravity as a premier private aviation hub.

Frequently Asked Questions

What is MJets’ new role with Gulfstream?

MJets Limited has been appointed as the authorized international sales representative (ISR) for Gulfstream in Thailand, meaning they will promote and support the sales of Gulfstream business aircraft to local customers and prospects.

Which Gulfstream aircraft are covered under this agreement?

The sales representation covers Gulfstream’s modern portfolio, including the G280, G300, G400, G500, G600, G700, and the upcoming G800 models.

Does MJets provide maintenance for Gulfstream aircraft?

Yes. In August 2023, Gulfstream appointed MJets as an official Authorized Warranty Facility, allowing them to provide maintenance support for various Gulfstream models at their Bangkok facility.

Sources:
Gulfstream Aerospace Corp.

Introduction to a Maturing Market

The pre-owned business jet market has officially transitioned from its pandemic-era volatility into a phase of measured stability and resilience as we move through 2026. According to the latest Pre-owned Market Report published by Bombardier, the industry is currently characterized by tight inventories for late-model jets, stabilized pricing, and near-record transaction volumes. We have reviewed the manufacturer’s proprietary data, alongside broader industry metrics, to understand the forces shaping the secondary market.

Driven by multi-year waitlists for new aircraft, favorable tax policies, and a surge of younger buyers, the pre-owned sector is demonstrating robust health. Bombardier’s report serves as a critical intelligence tool in this environment, leveraging the manufacturer’s exclusive fleet data to guide buyers and sellers navigating the Learjet, Challenger, and Global platforms.

Market Normalization and Inventory Constraints

Pricing and Availability

Following the historical highs recorded between 2021 and 2023, pricing within the pre-owned sector has stabilized. Industry data indicates that average asking prices have decreased by approximately 10%, creating a healthier, more balanced environment for buyers without triggering a market crash. Despite this pricing normalization, pre-owned inventory remains exceptionally scarce.

According to Bombardier’s market intelligence, available pre-owned jets represented only about 5.0% to 6.7% of the active global fleet by the end of 2025. This figure sits well below the historical benchmark for a “balanced market,” which typically ranges from 8% to 10%. The constraint is even more pronounced in the ultra-long-range segment; inventory for Bombardier’s Global models fell to just 4.9% at the close of 2025.

“Prices have really come back to a healthy stabilization. They have come down about 10% across the board from the highs of 2021 to 2023.”

Transaction Volume Surge

The fourth quarter of 2025 witnessed a massive spike in market activity. Pre-owned transaction volumes increased by over 68% compared to the third quarter of 2025. This late-year surge propelled 2025 to become the second-highest year for transaction totals on record, finishing just 1% shy of the all-time high set in 2021. Furthermore, the absorption rate, the time it takes to sell an aircraft, dropped precipitously from 9.7 months in Q3 2025 to just 5.0 months in Q4 2025.

“Higher fourth-quarter activity reflected a healthy, disciplined market supported by bonus depreciation, improving interest rates and tight inventories.”

Demographic Shifts and Industry Drivers

The Youth Movement in Aviation

The demographic profile of the private jet buyer is undergoing a significant transformation. Buyers under the age of 45 now account for 29% of pre-owned transactions, a figure that has nearly doubled over the past decade. This shift is heavily driven by new wealth generated within the technology, artificial intelligence, and finance sectors, bringing a wave of younger principals into the multi-million dollar asset class.

Macroeconomic and OEM Factors

Several macroeconomic tailwinds have supported this sustained demand. The return of 100% bonus depreciation in the United States in 2025 acted as a massive catalyst, pulling many buyers forward to close deals before the end of the year and heavily skewing the market toward U.S. buyers. Additionally, global flight activity, a leading indicator of jet sales, remains robust. Global business jet movements in 2025 were 5% higher than in 2024, recording a record-breaking 3.9 million departures.

Looking ahead, the market value forecast remains exceptionally strong. According to Jetcraft’s 2025 report, the industry is projected to see 11,202 pre-owned transactions between 2025 and 2029, representing a staggering $73.9 billion in total value.

Bombardier’s Strategic Positioning

The Certified Pre-Owned (CPO) Advantage

To capitalize on the booming secondary market, Bombardier launched its Certified Pre-Owned (CPO) program in 2021. The manufacturer selects premium pre-owned aircraft and updates them with refurbished interiors, fresh paint, upgraded avionics, and a one-year OEM warranty. This initiative has successfully established a new, premium category in the industry, officially recognized by appraisal authorities such as Aircraft Bluebook and Vref as distinct from standard pre-owned jets.

“As the OEM, we are uniquely positioned to provide them with a best-in-class, turn-key certified aircraft solution – a new and exciting category.”

AirPro News analysis

We observe that the current dynamics of the pre-owned market are heavily influenced by the “trickle-down” effect of Original Equipment Manufacturer (OEM) backlogs. Major manufacturers, including Bombardier, Gulfstream, and Dassault, are currently sitting on historically strong order backlogs estimated at $45 billion to $50 billion. Because new aircraft delivery slots are effectively sold out into 2027 and 2028, buyers requiring immediate lift are forced into the pre-owned market. This dynamic is keeping demand and residual values for late-model used jets exceptionally high.

Bombardier is brilliantly playing both sides of the board. By publishing their own Pre-owned Market Report and operating a robust CPO program, they are actively controlling the narrative and maintaining the residual value of their aircraft. Furthermore, their focus on large-cabin jets, such as the Global 7500 and the newly certified Global 8000, insulates them from minor market dips, allowing them to generate significant revenue from the secondary market even while their new-jet supply chain remains constrained.

Frequently Asked Questions (FAQ)

• What is the current inventory level for pre-owned private jets?
  By the end of 2025, available pre-owned jets represented only about 5.0% to 6.7% of the active global fleet, well below the historical balanced market benchmark of 8% to 10%.
• How are prices trending in the pre-owned jet market?
  Average asking prices have stabilized, coming down approximately 10% from the historical highs seen between 2021 and 2023.
• Who is buying pre-owned private jets today?
  There is a notable demographic shift, with buyers under the age of 45 now accounting for 29% of pre-owned transactions, largely driven by wealth in the tech and AI sectors.

Sources:
Bombardier Pre-owned Market Report
Jetcraft 2025 Market Forecast
International Aircraft Dealers Association (IADA)
Central Business Jets

This article is based on an official press release from Dassault Aviation.

On March 10, 2026, Dassault Aviation officially unveiled the physical prototype of its highly anticipated flagship business jet, the Falcon 10X. According to an official press release from the French aerospace manufacturers, the rollout event took place before 400 customers and partners at the company’s facility in Bordeaux-Mérignac, France.

We note that this milestone marks the program’s transition into its rigorous flight-testing phase. Originally announced in May 2021, the ultra-long-range aircraft is positioned to challenge top-tier offerings from industry rivals by prioritizing unprecedented cabin space and military-derived safety technologies. Dassault is currently targeting an Entry Into Service (EIS) for the Falcon 10X in late 2027.

Redefining the “Living Room in the Sky”

According to the manufacturer’s specifications, the Falcon 10X boasts the largest purpose-built business jet cabin on the market. The interior measures 6 feet 8 inches tall (2.03 meters) and 9 feet 1 inch wide (2.77 meters), providing a total volume of 2,780 cubic feet. Industry data indicates this makes the cabin 8 inches wider and 2 inches taller than its nearest competitor, allowing for highly customizable three- or four-zone interior configurations.

The press release highlights that the aircraft maintains a highly pressurized cabin altitude of just 3,000 feet while cruising at 41,000 feet. Coupled with 100% fresh air circulation, next-generation ozone and volatile organic compound (VOC) filters, and 38 extra-large windows, which the company states are nearly 50% larger than those on the Falcon 8X, the design heavily emphasizes passenger wellness on ultra-long-haul flights.

“The objective is to allow passengers to experience time on board the aircraft as just another part of their everyday life, not as a long interval between origin and destination. So they arrive feeling refreshed and at their very best,” stated Eric Trappier, President and CEO of Dassault Aviation, in the company’s release.

Military-Grade Technology Meets Civilian Aviation

Rafale-Inspired Flight Deck

Dassault uniquely leverages its experience manufacturing the Rafale fighter jet for its civilian aircraft. The Falcon 10X features a single-lever “Smart Throttle” that controls both engines simultaneously. Integrated into a third-generation digital fly-by-wire flight-control system, it includes the first automatic recovery mode in a large business jet, designed to prevent stalling or overstressing the airframe.

Additionally, the NeXus Flight Deck is equipped with touch-screen displays, dual Head-Up Displays (HUDs), and the FalconEye Enhanced Vision System. According to Dassault, this system allows for “True” EVS-to-land capability even in zero-ceiling conditions.

Aerodynamics and Propulsion

The aircraft utilizes business aviation’s first all-composite wing, engineered with a high sweep and high aspect ratio to reduce weight, minimize drag, and allow for steep approaches at challenging airfields like London City Airport. Powering the jet are two Rolls-Royce Pearl 10X engines. According to the provided research data, these engines deliver over 18,000 pounds of thrust each and are 100% Sustainable Aviation Fuel (SAF) compatible.

“Today is a very special day for Rolls-Royce and the team. We are excited and proud to deliver the thrust for this extraordinary aircraft and I would like to congratulate the Dassault family as well as the Falcon team on this special occasion,” said Dr. Dirk Geisinger, Director of Business Aviation at Rolls-Royce.

Market Context and Timeline

The ultra-long-range business jet market remains fiercely competitive. The Falcon 10X, with an estimated list price of $75 million, offers a range of 7,500 nautical miles and a top speed of Mach 0.925. This allows for non-stop flights between distant city pairs such as New York and Shanghai, Los Angeles and Sydney, or Paris and Santiago.

Industry data shows the 10X competes directly with the Gulfstream G700 and G800, as well as the Bombardier Global 7500 and 8000. While competitors like the $78 million Global 8000 offer a slightly longer 8,000-nautical-mile range and a Mach 0.94 top speed, Dassault has focused its engineering on maximizing interior volume rather than chasing marginal speed records.

Following this rollout, the maiden flight is expected in late 2026. Dassault is targeting an Entry Into Service in late 2027, following a comprehensive certification campaign.

AirPro News analysis

We observe that Dassault has strategically chosen to step back from the industry’s ongoing battle over marginal gains in speed and range. By marketing the Falcon 10X as a “penthouse of the skies,” the company is betting that ultra-high-net-worth individuals and corporate flight departments will prioritize passenger wellness and sheer physical space over arriving a few minutes earlier. Furthermore, the timeline adjustment, shifting the targeted EIS from an initial 2025 goal to late 2027, reflects the broader post-COVID supply chain constraints that have impacted the entire aerospace sector, alongside Dassault’s concurrent focus on fulfilling Rafale military orders. However, the successful physical rollout in 2026 signals a triumphant milestone, putting Dassault firmly back on the offensive in the ultra-long-range market segment.

Frequently Asked Questions

What is the price of the Dassault Falcon 10X?

According to industry estimates, the list price for the Falcon 10X is approximately $75 million.

What is the range of the Falcon 10X?

The aircraft has a maximum range of 7,500 nautical miles, allowing it to fly non-stop from New York to Shanghai or Los Angeles to Sydney.

When will the Falcon 10X be available?

Following its rollout in March 2026 and an expected maiden flight later in the year, Dassault is targeting late 2027 for the aircraft’s Entry Into Service (EIS).

Sources: Dassault Aviation