Last updated: November 8, 2026
Hangar financing, FBO growth, and the business jet fleet, by the numbers
Business jet deliveries, business aviation departures, FBO market size, hangar construction costs, aircraft loan rates and terms, and state hangar loan programs, from published sources.
Three different kinds of number sit behind this name, and they must not be mixed. The first kind measures demand: the jets being delivered and the departures being flown, which decide how many hangars are needed. The second kind measures the building: what a hangar costs to put up, and what the loan that pays for it looks like. The third kind measures the service business around the building: the fixed-base operators whose fuel, hangarage, and handling revenue depends on that same roof space. The first kind tells a reader how fast the need is growing. The second tells a reader what each unit of it costs. The third tells a reader who earns from it.
What the latest numbers show is demand outrunning the roof: business jet deliveries rose 11.8% in 2025 to their strongest level since 2009, departures set a record at 3.9 million, and the FBO market is projected to grow by roughly half by the early 2030s — while a hangar still costs $60 to $120 per square foot to build and the lenders who understand that building remain few.
The figures
| Figure | Value | Trend vs prior period | Source |
|---|---|---|---|
| Business jet shipments, 2025 | 854 units | ▲ Up Prior: 764 in 2024, up 11.8%; strongest year since 2009 (870 units); fourth-highest since 2000 | AvBuyer, New Jet Shipments Spike (GAMA 2025 report); AVweb, GAMA: Business Jets, Pistons Drive GA Growth in 2025 |
| Airplane billings, 2025 | $31.0 billion | ▲ Up Prior: $26.7 billion in 2024, up 16.1%; total aircraft deliveries (airplanes and helicopters) $35.7 billion, up 14.6% | AVweb, GAMA 2025 Aircraft Shipments and Billings Report |
| Total general-aviation aircraft deliveries, 2025 | 3,230 airplanes | ▲ Up Prior: 3,162 in 2024, up 2.2%; piston deliveries 1,782; turboprops 594 | AvBuyer (GAMA 2025 report) |
| Business aviation departures, 2025 | 3.9 million, a record | ▲ Up Growing 4.9% a year since 2019; flight hours 6.4 million in 2025, up from 4.7 million in 2019 | McKinsey, The state of business aviation in 2026 |
| Fractional-ownership fleet, 2025 | 1,510 aircraft | ▲ Up Prior: 990 in 2019; fractional share of business jet flight hours rose from 14% to 20% over the same period | McKinsey, The state of business aviation in 2026 |
| Business jet deliveries, 2025 vs 2008 peak | 842 (McKinsey count) to 854 (GAMA count) vs 1,290 in 2008 | ● Baseline Deliveries remain about a third below the 2008 record; retirements fell to about 110 a year in 2025 from about 300 in 2019 | FLYING, Business Aviation Demand is Outpacing Supply (McKinsey) |
| Global FBO market, 2025 | $18.45 billion (PW Consulting); $33.6 billion (Dataintelo) | ▲ Up Forecasts: $25.31 billion by 2032 at 4.62% a year (PW Consulting); $61.2 billion by 2034 at 6.9% a year (Dataintelo) — scope differs by publisher, so the range is shown | PW Consulting, Worldwide Fixed Base Operator (FBO) Market 2026; Dataintelo, Fixed Base Operator Services Market |
| FBO market, North America share, 2025 | North America about 44% of the FBO services market; more than 3,100 active FBO locations in North America by early 2026 | ● Baseline Business aviation was about 75% of the FBO market by end user in 2025 (PW Consulting); fueling about 60% of FBO revenue | Dataintelo, Fixed Base Operator Services Market; PW Consulting, Worldwide FBO Market 2026 |
| Hangar construction cost, 2025–2026 | $60–$120 per square foot; 15,000 sq ft hangar $900,000–$1,800,000 | ● Baseline Turnkey 2026: $65–$150 per sq ft; shell only $25–$45 per sq ft; basic construction $50–$150 per sq ft by finish and state | Cascading Falls, Building the Nest: Aircraft Hangar Construction (December 2025); CNSS Prefab Buildings, How Much Does an Aircraft Hangar Cost in 2026?; JRH Engineering, TX Aircraft Hangar Design: Sizes, Costs & Layout 2026 |
| T-hangar and box-hangar construction cost, 2025 | T-hangars $42–$68 per sq ft; box hangars $58–$94 per sq ft | ● Baseline T-hangars 34.2% of the private hangar construction market, about $4.86 billion in 2025; box hangars 28.6%, about $4.06 billion | Dataintelo, Private Hangar Construction Market |
| Nebraska Revolving Hangar Loan Program | Loans up to 80% of eligible costs, maximum $1,000,000 per project, 20-year repayment, interest-free | ● Baseline Revolving fund established 1992; program rules re-approved by the Nebraska Aeronautics Commission May 8, 2026 | Nebraska DOT Division of Aeronautics, Revolving Hangar Loan Program (May 8, 2026) |
| California Local Airport Loan Program | Maximum loan term 17 years; rates set at the latest California General Obligation Bond sale rate | ● Baseline State loans to eligible public airports for hangars, GA terminals, and fueling facilities; no fixed loan-size limit in law | Caltrans, Airport Loans — Local Airport Loan Program |
| Aircraft loan rates and terms (AOPA Finance) | Maximum term 20 years; rates 4.99%–6.9% (experimental aircraft, published); piston range 6.99%–9.99% as of November 2026 | ▼ Down Prior: AOPA reported rates in the low 6% range in January 2026, down from the 2023–2024 peak; typical down payment 15% | AOPA Finance, Financing Experimental Aircraft; AOPA Finance, Aircraft Finance; Piston Aircraft Loans, rates as of November 2026 (citing AOPA) |
| Active general-aviation and Part 135 aircraft, United States, 2024 | 213,756 active aircraft; more than 29 million flight hours | ● Mixed Aircraft count down slightly from 2023; hours up about 2% from 28.43 million in 2023 | FAA, General Aviation and Part 135 Activity Survey, CY 2024; General Aviation News (February 2026) |
| General aviation contribution to the U.S. economy, 2023 | $339.2 billion; 1.3 million jobs supported | ● Baseline PricewaterhouseCoopers study for the General Aviation Manufacturers Association, February 2025 | Alliance for Aviation Across America, Executive Summary (PwC study) |
How to read these numbers
Included: GAMA shipment and billing figures for 2025 as reported in February 2026; McKinsey's 2026 state-of-business-aviation figures for departures, hours, and the fractional fleet; FBO market sizes from two publishers with their scopes stated wherever they disagree; hangar construction cost ranges from three 2025–2026 industry guides; the Nebraska and California state hangar-loan programs as published; AOPA Finance loan terms and rates as published; and FAA general-aviation fleet figures. Excluded: any single FBO market-size headline presented without its scope or publisher; undated practitioner cost claims presented as dated figures; and any hangar-rental rate, which no published source verified to standard for this page.
Published FBO market-size estimates differ by scope — some count fueling, hangarage, maintenance, and passenger services together, others count a narrower service set — so the range is shown wherever publishers disagree, and no single figure is presented as the only measure. Forecasts are labeled as forecasts, not actuals. Hangar construction costs are ranges by finish level and state, not quotes; site work, doors, and utilities are separate costs in every guide cited.
Disclaimer: Figures on this page are aggregated public estimates assembled for information only. They are not investment advice, legal advice, or a professional opinion on any specific case, project, or purchase. Original reporting and the underlying surveys remain the work of the sources linked above; this page summarizes their published figures with attribution and adds no proprietary dataset.
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Changelog
- November 8, 2026: Initial edition — GAMA 2025 shipments and billings, McKinsey 2026 business aviation figures, FBO market sizes, hangar construction costs, Nebraska and California hangar loan programs, AOPA Finance loan terms, and FAA general-aviation fleet figures established.