April 18, 2024
March private aviation flying in North America increased 18.2% over March 2022, according to Argus TraqPak’s monthly update. The results beat its projection of a 16.9% gain.
All three operational categories – Part 91, 91k, and 135 – saw double-digit gains.
Part 91 activity claimed the top spot again, up 21.8% from March 2021. Large cabin flights soared 41.6% year-over-year.
Part 91k – Fractional – activity followed with a 15.9% gain, and Part 135 (operators focused on jet cards and charter) activity rounded out the increases with a 15.0% uptick. Large cabin charter and jet card flights surged 32.5% in March compared to 2021.
It continues a trend from February when large cabin flights were up 51%.
Turboprops saw the smallest increase, with flying up just 10.3%.
Regionally, the FAA Central Region – Missouri, Iowa, Kansas, and Nebraska – saw the biggest gain – up 33.5%.
New England private jet flight activity was up 31% year-over-year. Canada and the Caribbean were up 30.4%, according to TraqPak.
The North American market recorded over 321,000 flights during the month of March. For this month, Argus expects a 13.3% increase.
Argus Vice President of Market Intelligences Travis Kuhn tells Private Jet Card Comparisons, “Even with current global challenges business aviation continues to remain resilient. We saw activity really start to improve in March 2021 and one year later we’re still seeing positive signs, especially in the large cabin segment.”
