A new report from the No Plane No Gain uses CEOs to highlight how private jets can increase a company’s efficiency and profits
To help highlight the benefits of business aviation, No
Plane, No Gain, a group supported by the National Business Aviation Association
and General Aviation Manufacturers Association, has issued a new report that
includes endorsements from CEOs.
Despite the strong economy, business aviation saw tepid
growth so far this year, and a decline of 0.5% in June year-over-year
TRAQPak’s June report on private aviation flying reported a decrease
of 0.5% year-over-year as year-to-date flying showed tepid growth of 0.3%.
Year-to-date business aviation activity is down by 1.7%
after a 3% drop in May, according to WINGX
Private aviation analyst WINGX is reporting the headwinds
are remaining strong in Europe with 77,189 business aviation departures in May,
a second successive year-over-year (YOY) monthly decline of 3%. Year to date,
European business aviation activity is now down by 1.7% with 5,500 fewer
flights than in 2018. The trend over the past 12 months is flat, the company
“A second consecutive drop of 3% in YOY business aviation
activity confirms an increasing slowdown in the European market in 2019,
reflecting the somewhat downbeat sentiment at EBACE,” said Richard Koe,
managing director of WINGX.
The membership of the General Aviation Manufacturer’s
Association recently outlined some of the way members give back
Business aviation supports over 1.1 million jobs and $219 billion dollars in economic activity in the U.S. The industry also supports businesses in over 5,000 communities, over 4,500 that don’t have commercial airline service. It is also on the front lines after natural disasters, bringing aide to the stricken and supporting first responders.
Private jet flights fell at six of Europe’s seven busiest airports
There were 54,481 business aviation departures in Europe last month, down by 0.8% year-over-year (YOY), with a 2.1% drop in business jet sectors. Trends for the last 12-months in business aviation are up by 1.4%, and 10% above 2016 trough but still 11% behind January 2008 peak, according to WINGX, an aviation research firm.