Modern business jets can now compete directly with commercial airliners in range, a capability that has fundamentally altered how global business is conducted. Early Examples and Range ImprovementsThe private jet revolution began with developments in the 1950s, but it wasn’t until the 60s that it gained traction with the commercial introduction of the first planes entering service. Just two years later, the Gulfstream II upped the expected range of private jets to 3,550 nautical miles. At this point, market pressures and technological improvements paved the way for a new generation of long-range private jets. According to Grand View Research, the business jet market was valued at $72.15 billion in 2024, with projections to cross $113 billion by 2030.