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Global bizjet activity was flat in week 2, dropping back on the pace of growth in Week 1. Notably there was strong bizjet activity out of airports in the Los Angeles metro area due to the Wildfires catastrophe. There has also been strong growth in flights to/from Palm Beach, as Trump and his team prepare to take office.
During an official state visit to the United Arab Emirates, the Republic of Uzbekistan's Transport Minister, Ilhom Mahkamov, signed a Memorandum of Cooperation with JETEX founder, Adel Mardini, to establish the country's first and only FBO.
US bizjet demand continues to trend upwards, as it has done since the US elections in November. Leisure activity clearly spiked in the holiday season, with US-Caribbean flight hours up 25% YOY. In other markets, European activity has dipped in the last week, but is up over the last few weeks, bizjet activity from the Middle East is on the up, whereas trends in Africa and South America are down as we come into 2025. We would expect the positive business sentiment in the core US market to move global activity several points up in Q1 2025 compared to last year.
Post-Covid demand for business aviation looks strong, notably in the United States where activity is well ahead of 2019. December ended ahead of last year, marking a strong end to the year. Fractional operators have made large gains compared to the last 5 years, contrasting Corporate Flight Department activity. Appetite for business aviation in Europe remains resilient, although small gains compared to pre-pandemic 2019.
Texas, California and Florida are seeing trends of close to 10% in terms of year-on-year growth in bizjet departures in the last 4 weeks, testament to solid improvements in consumer and business confidence in the wake of Trump´s win. More than usual numbers of US tourists have flown to Europe in the last week, notably more to the UK and Italy than to France and Germany. The Middle East saw a strong bump in YOY bizjet flights coinciding with the MEBAA show in Dubai.
The post-election bounce continues, with week 47 seeing the largest YOY increase in flight activity so far this year, closing almost all the deficit accumulated earlier this year. California has seen an especially strong recovery. In Europe, demand is sagging in leading markets, with Italy the year-long exception. Bizjet demand in South America continues to thrive.
The Thanksgiving holiday saw a record surge in bizjet traffic, notably in Florida. Activity in the US since the election is positive year on year, bucking the overall decline in bizjet demand in this year compared to last year. European bizjet demand is fragile, particularly in the German corporate market. In other regions, Brazil continues to see strong growth this year.
The General Aviation Manufacturers Association (GAMA) published the Third Quarter 2024 General Aviation Aircraft Shipment and Billing Report. The general aviation aircraft manufacturing industry’s results through the third quarter of 2024 show an increase in the overall value of aircraft shipments and increased shipments of piston airplanes, business jets and turbine helicopters, with turboprops and piston helicopters shipments in line with the first nine months of 2023.
Business jet activity is trending up by 7% since the US election, and follows a strong October, compared to 2023. This may suggest a post-election bounce, especially as Trump is expected to lower taxes and may generally be favourable towards the sector.
The Vertical Aviation Safety Team (VAST) releases a white paper titled “Investigation of a Rotorcraft Safety Rating Concept,” introducing an innovative proof-of-concept system aimed at elevating safety standards for vertical aircraft worldwide. The initiative seeks to incentivize the adoption of advanced safety technologies across both new and existing fleets, inspired by successful frameworks in other industries, such as automotive safety ratings.
Gulfstream Aerospace Corp. announced the 300th customer delivery in the Gulfstream G500 and Gulfstream G600 fleet, a signal of continued worldwide demand.
In contrast to surveyed industry sentiment, which is apparently buoyant following Trump’s election triumph, bizjet flight activity in the US has actually slackened in the last two weeks. Elsewhere in the world, big political gatherings in Baku and Rio attracted a relative local spike in bizjet usage.
With just a few days passed since the US election result, the effect on business jet utilisation is not obvious. In fact activity has calmed, followed several weeks where there were more flights than last year. In Europe, the political and economic strife in Germany is reflected in substantial cutbacks in bizav demand. Destabilisation and conflict in the Middle East has equally seen a big step back in flight activity.
Week 44 capped a topsy turvy 4 weeks in the key US market, with much of October flat-to-negative, but strong gains this week, notably in Florida, also in the US election Swing States, suggesting that the elections may have directly boosted utilisation. The largest European markets are on a stagnant trajectory, with Italy the obvious exception. This week also saw a big increase in year-on-year bizjet traffic in Saudi Arabia.
Bombardier is proud to celebrate the delivery of the 100th Challenger 3500 aircraft, the latest addition to its industry-leading portfolio of aircraft. Since entering service in 2022, the Challenger 3500 aircraft has delivered unmatched versatility, the lowest direct operating costs in its class and rock-solid reliability, and quickly became a top choice for charter operators and corporations around the world. With this new milestone, the Challenger 3500 aircraft sets a new standard and becomes the fastest super-midsize business jet to reach 100 deliveries in history.
Business jet fleets have seen a boost in demand in the second half of the October, notably in the US and notably in California. NFL Games have been a draw, as have the GPs in Mexico and Texas. US presidential campaigning may also have spurred activity. The European market was also head-above-water, in contrast to a further slide in activity in the Middle East.
Leading global trade body, The Air Charter Association (The ACA), hosted its annual European Broker-Operator Forum on 16 October 2024 at The Grand Majestic Hotel in Prague. More than 50 senior air charter professionals from over 15 countries across Europe shared their expert insight into current industry challenges and best practices. The event also made for the perfect opportunity to network and engage with members, many of whom were attending an ACA event for the first time.
The Swiss-Made PC-12 was last year’s most frequently flown business aircraft in the USA. Specifically, 316,328 takeoffs by the “World’s Greatest Single” were recorded between August 2023 and July 2024, representing 8.8 percent of all departures. Once again, this single-engine turboprop impresses with its versatility, safety, reliability and efficiency.
Bombardier today announced that manufacturing of major structural components for the 1st production jet is underway across Bombardier facilities in Saint-Laurent (Québec), Red Oak (Texas) and Querétaro (Mexico). Set to enter into service in the second half of 2025, the Global 8000 private jet will stand alone as the world’s fastest and longest-range purpose-built business jet, innovatively crafted with the smoothest ride and the industry’s healthiest cabin. The aircraft also continues to impress in flight testing, achieving positive results throughout its campaign.
The International Aircraft Dealers Association (IADA) has issued its Third Quarter 2024 Preowned Aircraft Market Report, highlighting a rise in optimism among members as the quarter concluded. The report was released today here in Las Vegas at the National Business Aviation Association’s 2024 Business Aviation Convention & Exhibition (NBAA-BACE).