Buisness aviation news
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
Fractional aircraft flights reached a new record level in 2022, with hours flown growing even more than charter flights or wholly owned flights, according to data from ARGUS TRAQPak. These figures confirm the trend of significant growth across the whole of private aviation in the last two years.
WINGX’s weekly Business Aviation Bulletin.
A new survey amongst private equity and venture capital professionals reveals that over the next two years, 88% expect improvements in the regulatory framework for the eVTOL market and 15% anticipate there will be a dramatic improvement. The study was commissioned by Horizon Aircraft (“Company” or “Horizon”), an innovative leader in hybrid electric Vertical Take-off and Landing (VTOL) aerial vehicles, with private equity and venture capital professionals.
The Aircraft Electronics Association released its 2022 year-end Avionics Market Report, and total worldwide business and general aviation avionics sales for the year amounted to $2,877,281,308, or more than $2.8 billion as reported by the participating companies. The dollar amount represented a 21.5% increase in total year-end sales compared to 2021, which is the largest annual percentage increase in the 11-year history of the report.
WINGX’s weekly Business Aviation Bulletin.
The General Aviation Manufacturers Association (GAMA) released the 2022 General Aviation Aircraft Shipment and Billing Report during its annual State of the Industry Press Conference. Overall, when compared to 2021, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $26.8 billion, an increase of 6.0%.
WINGX’s weekly Business Aviation Bulletin.
By Ivan Veretennikov, Sales & Marketing Director, ArcosJet.
WINGX’s weekly Business Aviation Bulletin.
The first month of 2023 started with high private jet demand in the European region and other parts of the world. By the close of the last quarter of 2022, European private jet operators had completed over 600,000 business jet flights to various global destinations, making it one of the busiest years in flight activity in the past three years. The growing demand for private flying among air passengers signals a promising future in this aviation segment this year.
ALTEA knows aircraft inside and out. The organisation is retained by those who want fresh thinking secured by experience in asset management; procurement and sales; financial solutions and design. Team members, Jean Sémiramoth and Andrew Butler share their personal retrospective views on the pre-owned business jet aircraft market in 2022 – and identify what trends can be foreseen in 2023.
WINGX’s weekly Business Aviation Bulletin.
The start of 2023 feels like the start of a rollercoaster. As we crank up the lift hill to the first rush of excitement, what ups and downs – maybe even some loop the loops? – are coming our way in 2023, and what did the last lap of the 2022 track tell us?
WINGX’s weekly Business Aviation Bulletin.
WINGX’s weekly Business Aviation Bulletin.
While annual business jet resale volume was slightly higher for members of the International Aircraft Dealers Association (IADA) in 2022, aircraft dealers indicate that market conditions are normalizing. In the recently released 2022 Fourth Quarter IADA Market Report, IADA accredited dealers and certified brokers reported 1,399 used aircraft sales transactions closed in 2022, compared to 1,370 in 2021, a two percent increase, and the highest total for IADA members in recent memory.
WINGX’s weekly Business Aviation Bulletin.
Fuelled since 2020 by soaring personal stock portfolios, easy access to low-interest cash and a pandemic-induced desire to avoid public airport cattle stalls, interest in flying privately has soared. However, recent metrics now suggest the white-hot market has begun to cool to a more manageable and sustainable level. Words by Brian Foley.
