New Jersey’s business aviation market is smaller by aircraft count than some of its neighbors, but it is one of the most concentrated in the country. Based on the current in-state fleet, 448 business jets and turboprops call New Jersey home, and the numbers behind that fleet point to a market built around a single dominant airport and a heavy tilt toward large cabin equipment.
Here’s a look at the New Jersey business aviation market by the numbers. Every aircraft referenced below is a business jet or turboprop; the dataset does not include piston aircraft, helicopters, or airliners.
A Newer Fleet, Owned Outright
The average manufacture year across all 448 in-operation aircraft is 2009, with a median of 2011, and 34 percent of the fleet (154 aircraft) was built in 2015 or later. Only 7 percent (33 aircraft) date back before 1990, making New Jersey’s fleet one of the newer state fleets on record.
Ownership structure leans heavily toward aircraft held outright:
- Wholly owned: 430 aircraft (96 percent)
- Shared ownership: 14 aircraft (3 percent)
- Fractional ownership program: 4 aircraft (1 percent)
Fractional programs barely register in this market. Nearly every aircraft based in New Jersey is owned directly by an individual or a company, not split across a card program or a shared title.
Where the Fleet Lives
New Jersey’s business aircraft are based at 21 different airports, but this is not a market spread evenly across the state. One airport carries more than half the entire fleet:
- Teterboro Airport: 233 aircraft
- Morristown Municipal Airport: 79 aircraft
- Trenton-Mercer Airport: 38 aircraft
- Essex County Airport: 22 aircraft
- Newark International Airport: 13 aircraft
- Monmouth Executive Airport: 12 aircraft
Teterboro alone accounts for 52 percent of the statewide fleet, more than the other 20 base airports combined. Add in Morristown Municipal, and just those two fields hold nearly 70 percent of every business jet and turboprop based in New Jersey. That kind of concentration is rare, and it makes Teterboro the center of gravity for hangar space, maintenance, and management demand in this market.
What New Jersey Flies
Gulfstream leads New Jersey by a wide margin, with 123 aircraft statewide. Falcon (63), Global (49), Citation (48), and Challenger (41) round out the top five by manufacturer.
By specific model, large cabin and ultra long range equipment dominates the list:
- Gulfstream G650ER: 38
- Gulfstream G550: 28
- Challenger 300: 18
- Citation X: 16
- Falcon 7X: 16
- Global 6000: 16
- Global 7500: 14
- Hawker 800XP: 10
- Cessna Caravan 208B: 9
- Falcon 2000: 9
The Gulfstream G650ER alone accounts for nearly 9 percent of the entire New Jersey fleet, and six of the top ten models are large cabin or ultra long range jets. This is a market built for owners who need to fly far and fly comfortably, not one anchored by entry-level equipment.
What’s on the Market Right Now
Of the 448 aircraft based in New Jersey, 25 are currently listed for sale, or about 6 percent of the total fleet. Ranked by which models have the most units for sale right now:
- Challenger 604: 2 for sale
- Citation Sovereign: 2 for sale
- Falcon 2000: 2 for sale
- Falcon 7X: 2 for sale
Four models are tied at the top of the for-sale list, and all four sit in the midsize to large cabin range. The remaining for-sale inventory is spread across a long tail of single listings, from turboprops like the Piper Malibu JetProp to large cabin jets like the Gulfstream G650, which points to turnover happening across nearly every price point rather than one segment of the market.
The Operators Behind the Fleet
A handful of charter and management operators account for a meaningful share of the aircraft actually flying in New Jersey:
- Sunset Aviation, LLC: 18 aircraft
- Jet Aviation Flight Services, Inc.: 14 aircraft
- JetSelect, LLC: 9 aircraft
- Short Hills Aviation Services, Inc.: 7 aircraft
Just behind that group, Baker Aviation, Talon Air, and Executive Jet Management are tied at 6 aircraft apiece. Sunset Aviation stands clearly at the top, but the drop off from there is gradual rather than steep, which suggests a market with several established management options rather than one operator running away with it.
Fleet Activity
The average airframe in New Jersey’s fleet has logged just over 5,280 total flight hours. Combined with the newer average manufacture year, that points to a fleet that is being flown actively rather than sitting idle, a strong sign for an owner base this concentrated in large cabin, long range equipment.
The Bottom Line
New Jersey’s business aviation market is smaller in total aircraft count than some neighboring states, but it is one of the most concentrated and highest value fleets in the country. Teterboro alone holds more than half the statewide fleet, Gulfstream dominates the model mix, and 96 percent of the fleet is owned outright rather than through fractional programs. For owners and buyers trying to understand where they fit into this market, the data points to a clear pattern: New Jersey is a large cabin, owner-heavy market anchored almost entirely around one airport, and it shows no signs of slowing down.
Contact Holstein Aviation to talk through where your aircraft fits into the New Jersey market, whether you’re buying, selling, or reevaluating how it’s managed.
