Buisness aviation news
According to WINGX’s weekly Business Aviation Bulletin.
Sino Jet has once again been recognized as Asia's largest business jet operator by Asian Sky Group's recently released 2020 Fleet Report. Sino Jet is the operator with the biggest fleet in Asia for the second time in a row, with a fleet of 47 business jets.
From the start of April through the first week of May, global fixed wing flight activity is up 219% compared to 2020 but still trailing 35% versus comparable 2019, according to WINGX`s weekly Global Market Tracker.
Global fixed wing flight activity is up 227% in April 2021 compared to April 2020, with business jet activity up by more than three times, scheduled airline sectors doubling and cargo activity up 15% year on year.
The pre-owned business aircraft market saw a 7% increase in sales volume in Q1 2021 over Q1 2020, while Ask Prices were down nearly 6%, reports the Asset Insight AI2 Market Report. Overall demand remained unchanged over Q4 2020, but increased nearly 44% compared to Q1 2020. The Q1 AI2 Market Report covers 134 fixed-wing models and 1,661 aircraft listed for sale.
We had just come off a year when the Asia-Pacific civil helicopter fleet had grown by a very healthy 4.3%, with China alone adding net 90 helicopters and growing by an astonishing 22%.
Global fixed wing flight activity is more than three times what it was last April, three weeks into the month, according to WINGX`s weekly Global Market Tracker. Year to date, scheduled airline sectors are still trailing by 29% in 2021 versus 2020, but business aviation aircraft are already 18% busier.
Members of the International Aircraft Dealers Association (IADA) closed 211 preowned aircraft sales transactions in the first quarter of 2021, with another 246 aircraft under contract to close in the next few months. The data was included in the Spring 2021 IADA Market Report.
Aero Asset reports that first quarter 2021 retail sales of preowned twin-engine helicopters dropped after two successive strong quarters.
Global business aviation activity this April is 221% up versus April 2020, and 5% down on April 2019, according to WINGX`s weekly Global Market Tracker. Since the start of the year, business jet and prop activity is now 10% up on same period for 2020, 9% behind same period in 2019.
Global business aviation activity this April is more than double April 2020, little surprise given the contrasting phases of the pandemic
Business aviation activity has flagged in February, tending towards 85% of normal levels
The gap between trends in scheduled and non-scheduled aviation continues to be remarkable, with the biggest divergence in the United States
As expected, in 2020, the COVID-19 pandemic negatively impacted general aviation and stifled the industry’s growth
Global business aviation traffic is down by 11% for the first half of February with 14 thousand fewer flights than February last year
Business aviation aircraft have mustered just under 60,000 sectors so far in February 2021 - 11% less activity than in February 2020 - according to WINGX`s weekly Global Market Tracker
Sales have been rather unremarkable over the past year — but that could soon change
Air traffic throughout Europe is expected to be approximately 64% down in January 2021 compared to January 2019 and the situation is quickly deteriorating
January got weaker as the month went on, with the last week seeing demand lurch towards declines from early summer last year
How is the charter market evolving and what demand and pricing trends are emerging for the Spring?