Buisness aviation news
Flight activity retreats as virus resurges in US
In Europe there has been a tepid recovery in the run-up to Christmas, with many operators reporting strong bookings for holiday chartersThanksgiving boosts global bizav traffic
Just as the US airlines saw busiest traffic since March during Thanksgiving, business aviation activity also climbed close to its pandemic peak last weekend, lifting the overall trend for November
Business jet demand weathering lockdown 2.0
In Europe the trends are downwards, with the UK and Germany particularly affected, although Turkey and Russia are seeing record levels of activityIndustry has shown its resilience
GAMA released its report of general aviation aircraft shipments and billings through the third quarter of 2020Light Jet charters are still buoying the market
Having sustained a recovery of 85% of normal activity since the summer, demand for flights has subsided in the face of renewed virus concerns and travel restrictionsDeclines quickening as travel restrictions tighten
Global business aviation traffic is sliding in November, with moving 7-day average activity at just over 10,300 jet and prop sectors per day coming into 10th November, 10% off the post-March high point in mid-OctoberDemand for private jets rises in the UAE over COVID-19 fears
Although a pandemic-induced slowdown has decimated commercial airline passenger traffic, the private-jet industry in the UAE is taking off thanks to corporates and wealthy residents in the Emirates
EUROCONTROL releases new air traffic forecast
Traffic not expected to reach 2019 levels until 2024 at earliest
Activity sliding as quarantines renewed
From the start of October into the first week of November, global business aviation sectors have declined by 14.7% compared to the same period in 2019Rolling average activity hits post-March high
With business travel largely on hold, the leisure demand is showing up in terms of robust charter demand, leisure destination and smaller aircraftPreowned Bizjet Sales Boomed in 3Q
Transaction volume up 71% and improved ask prices
COVID-19 impact on Business aviation by country
The Covid-19 outbreak is having a considerable impact on the aviation industry in Europe and around the world
Europe slips back, US gaining modestly
Global business aviation activity is down by 16% in the first three weeks of October 2020 compared to same period in 2019Business aviation continues its recovery after Part 91 flying picks up steam
The overall industry finished down 16.6% in September. Traqpak forecast shows more gains in October
The winter wave slows down business traffic
Global business aviation rolling average activity is trending around 11,500 sectors a day, just about where it was at the start of SeptemberRecovery trends stabilising at around 85% of usual
The recovery in business jet traffic at this point in Autumn 2020 appears to be hitting a ceiling of around 85% of comparable 2019 activityHoneywell forecasts business jet usage will recover to 2019 levels by the second half of 2021
29th annual Global Business Aviation Outlook forecasts 7,300 new business jet deliveries over next decade valued at $235 billion
Autumn’s demand and pricing trends
What demand and pricing trends have emerged so far, and what patterns are emerging for the rest of this rollercoaster year?
Bizav activity weakens
Global business aviation activity through 4 weeks of September is down by 18% vs Sep-19, the equivalent of eighty-four thousand fewer sectorsBizav activity on the slide in the absence of business traveller
Almost 50,000 fewer business aviation sectors have been operated in September 2020 compared to September 2019