Buisness aviation news
Lockdowns threaten to stifle business jet resilience
January has brought increasingly bad news to the aviation industry, and the emphasis on border control is going to stifle even the most resilient business aviation operatorsDemand for pre-owned business jets up in Q4 vs. Q3, CY2020, & vs. Q4 2019
The Q4 Asset Insight AI2 Market Report covers 134 fixed-wing models and 1,912 aircraft listed for saleBusiness aviation weathers the winter blues
Overall, business jet activity has not wilted as much as expected given than holidays should be over, lockdowns have been renewed and employees work from homeLonger holidays boosting leisure demand for business jets
A surge in business aviation traffic just after New Year, as travellers came home from Christmas holidays, has bolstered flight activity in the first 2 weeks of 2021IADA Reports Preowned Aircraft Transactions Spiked As 2020 Ended
More Than 550 Deals in the 4th Quarter Alone
Christmas surge in business jet traffic
Following a surge in business jet demand over the Christmas holiday period, the year-on-year trend in global flight activity came in around 11% below December 2019European Business aviation traffic tracker (November 2020)
November marks a clear second dive in traffic
Overall market sags, but leisure getaways in demand
According to WINGX`s weekly Global Market Tracker, 147,353 business aviation flights have been operated globally in the first half of December, the trend dropping to 20% below the same period last yearFlight 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