Buisness aviation news

Mid-summer 2024 activity pulls ahead of 2023
Mid-summer 2024 activity pulls ahead of 2023

In Week 28 (8th 14th July), total global business jet departures were down 2% compared to Week 28 in 2023, equal to the last 4-week trend of 2% decline. Global Part135 & 91K activity on par with W28 in 2023, the 4-week trend 1% ahead of last year. So far this year the global bizjet fleet has flown just under 3.2 million flight hours, 2% fewer than last year. Across the 15,600 active operators there have 25,000 active business jets flying from January 1st through to July 14th. The global bizjet fleet has had a fair start to July, departures flown just -0.5% behind comparable July last year.

Market flat but US charter rallying
Market flat but US charter rallying

Week 27 2024 almost exactly matched Week 27 2023, with variable geographic trends, the US seeing a bump up, in contrast to declines in June, and was especially strong in Part 135 and 91K operations, most notably in Texas. Europe saw a 3% slide, mainly in private and corporate activity. Germany and the UK are seeing stronger YOY activity, tied directly to the draw of major sporting events.

Russian Business Aviation Adapts To Western Sanctions
Russian Business Aviation Adapts To Western Sanctions

The new sanctions package approved by the European Union on June 24 for the first time specifically targets Russias business aviation sector, but the industry seems to have adapted to the wartime restrictions since 2022.

Global bizjet flights dip 2% in H1 2024
Global bizjet flights dip 2% in H1 2024

The first half of 2024 shows bizjet utilisation tapering slightly on 2023 but still well up on 2019. The US market is just 1% weaker than last year, with Florida, super midsize jets, and Fractional ops looking robust. European bizjet demand is strengthening this summer, notably in Germany. The Middle East is seeing weaker bizjet usage this year, especially in Saudi.

EURO Football Championship bumps up bizjet activity in Germany
EURO Football Championship bumps up bizjet activity in Germany

In Week 25 (17th 23rd June), total global business jet activity measured by number of sectors flown fell 4% compared to Week 25 in 2023, compared to the last 4-week trend of 2% decline. Part 135 & 91K bizjet activity in week 25 fell 3% compared to last year. Year to date 2024, bizjet sectors have fallen 1.4% compared to last year, with flight hours falling 1.9% behind. Respectively for sectors and hours flown, the market is 2.8% and 3.4% behind comparable 2022. The active bizjet fleet this year is 2.5% larger than in 2023, up 8% on 2022.

Euros sparking bizjet tourism into Europe
Euros sparking bizjet tourism into Europe

As the summer comes into view, especially with the Olympics in France, we would expect to see an uptick in international arrivals into Europe. Sure enough, total transatlantic bizjet flights from the US to Europe are up by 5% this month, and into France up by 26%. Wed expect the high-end tourist demand to be a strong stimulus for the European charter market, lifting a sector which has otherwise sagged this year.

Grey skies dampen European summer charters, despite spike in D Day VIP traffic
Grey skies dampen European summer charters, despite spike in D Day VIP traffic

Despite the slowest start to June in the last 2 years, US bizjet activity remains robust, with activity significantly ahead of comparable June 2019. In contrast, the European summer is looking weaker, with just a 3% foothold over June 5 years ago. The D-Day anniversary lifted business jet arrivals into airports in the Normandy region of France. At the start of the party season in Ibiza there is a noticeable absence of bizjets from France and the United Kingdom.

10% increase in UK bizjet reflects Champions League hosting
10% increase in UK bizjet reflects Champions League hosting

Global bizjet activity was flat in week 22, as it was for the month of May, and is trailing 2023 by just 1%, which very much reflects the mood at EBACE, tending towards normalisation after the turbulence of the post-Covid years. There is a good deal of underlying variability, with Europe a 7% above 2019, demand still hot in the Mediterranean, but tapering well below 2019 levels in Central Europe.

Pre-owned business jets selling 45% faster since 2019, reveals annual Jetcraft Market Forecast
Pre-owned business jets selling 45% faster since 2019, reveals annual Jetcraft Market Forecast

Business aircraft are spending less time for sale than ever before, according to the latest edition of the Pre-Owned Business Jet Market Forecast by Jetcraft, the global leader in business aircraft sales, acquisitions and trades.

Bizjet demand wallowing as summer season starts
Bizjet demand wallowing as summer season starts

This week saw a marked drop-in flight activity in some key geographies, notably California, Germany, Saudi Arabia, China and Morocco. It was notable that the blue riband event for European bizav, the Monaco Grand Prix, drew 15% fewer bizjet visits than in 2019.

GAMA Releases First Quarter 2024 Aircraft Shipment and Billing Report
GAMA Releases First Quarter 2024 Aircraft Shipment and Billing Report

The General Aviation Manufacturers Association (GAMA) published the First Quarter 2024 General Aviation Aircraft Shipment and Billing Report. The results for the first three months of 2024 when compared to the same period in 2023, show deliveries were flat for piston airplanes and piston helicopters, decreased for turboprops and turbine helicopters, and increased for business jets. Total aircraft billings were up 3.2% at $4.7 billion.

Coming into the summer, bizjet traffic 1% adrift of last year, fractional operators still forging ahead
Coming into the summer, bizjet traffic 1% adrift of last year, fractional operators still forging ahead

The latest week shows stable activity compared to last year, with fractional activity still booming, in contrast to some weaker charter demand, particularly at the light end of the market. Various gala events will see peaks in traffic in Europe in the next few weeks, starting with the Champions League Finals bringing visitors to London airports next week.

Flat global market belies fast-declining demand in Germany, Middle East, Africa and Asia
Flat global market belies fast-declining demand in Germany, Middle East, Africa and Asia

Bizjet activity week 19 2024 is flat overall, with some significant regional divergence, noting significant weakness in Germany, Middle East, Africa and Asia, but strength in Texas, Switzerland and Brazil.

Personnel decide everything
Personnel decide everything

In the modern aviation market, personnel management is a rapidly developing field: approaches are changing, new search tools are appearing, and the functions of HR workers are transforming. Moreover, leading experts in the business aviation market are raising the problem of personnel and personnel management, along with the main brake on the market supply chain disruption. This important challenge creates the need for conferences and summits all over the world, but local events are what produce the greatest effect and generate the right recommendations based on the economic and political characteristics of a particular region.

European bizjet demand wobbles, US flattish, Florida hot
European bizjet demand wobbles, US flattish, Florida hot

Business jet utilisation is fraying slightly on comparable 2023 flight volumes, which is itself some way below the post-pandemic peak. But the Super Mid and Ultra Long-Range fleet is racking up more activity than ever.

Charter market slumping in Europe but holding firm in the US
Charter market slumping in Europe but holding firm in the US

The outlook for business jet activity is softening in Europe as utilisation levels fall below 2019 levels, notably in Germany and France. The US market is relatively resilient, especially for large fleet operators in the charter and fractional space.

April strong so far, both US and Europe up on last year, though Middle East slowing
April strong so far, both US and Europe up on last year, though Middle East slowing

Compared to last year, Aprils trends are stronger than March, with growth in most of the top markets. UK, France and Germany were exceptions in Europe, with the charter market notably weakening. Bizjet activity in the Middle East saw further erosion, markedly Saudi Arabia. In the US, large business jets are seeing strongest demand. US charter demand is tailing off this month, Part 135 flights down 6% in week 16.

IADA Market Report: Resale Uptick Leads to Continued Optimism for Next Six Months
IADA Market Report: Resale Uptick Leads to Continued Optimism for Next Six Months

The first quarter of 2024 ended on a buoyant note with an uptick in preowned business aircraft sales, according to the International Aircraft Dealers Association (IADA). IADAs First Quarter 2024 Market Report also indicated an optimistic outlook for the next six months.

Bizjet activity tilts up despite sharp slowdown in Middle East
Bizjet activity tilts up despite sharp slowdown in Middle East

Geopolitical tensions are visibly impinging on bizjet demand, with flights in the Middle East dropping off 20% in Week 15. The European market has idled this year, stagnating around the same levels of demand 5 years ago. The US market is still growing, especially for the top operators. Bizjet visitors to airports hosting the Masters golf tournament were up by 15% compared to last years event.

Global bizjet activity 2% ahead of opening 7 days of April 2023
Global bizjet activity 2% ahead of opening 7 days of April 2023

At the start of April (1st 7th), global bizjet sectors are 2% ahead of comparable last year, trailing 2022 by 4%, 37% ahead of 5 years ago. Over the same period, scheduled airline activity is 24% ahead year-on-year, 12% ahead of 2019. Dedicated cargo sectors start this month are 3% ahead of last year, 18% ahead of 2019.

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