New Delhi, Oct. 23 -- The global business aviation industry could face another wave of capacity shortages as older private jets approach major maintenance milestones or retirement, with limited new aircraft production making it difficult for operators to replace them, according to a report by McKinsey.

The report said aircraft supply constraints and rising maintenance requirements could further tighten availability in a market where demand has continued to grow since the COVID-19 pandemic.

"The result is an older fleet that requires more maintenance, increasing MRO demand structurally rather than cyclically at a time when overhaul capacity is already tight," the report said.

Aircraft manufacturers delivered 842 business jets in 2025, a...