CEOs make the case for business aviation

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.

Private jet flights increased 0.3% in the first six months of 2019

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%.

Business aviation flights continue to fall in Europe

European business jet activity 2019

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 said.

“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.

Private jet makers show the giving side of business aviation

No Plane No Gain BizAv Works

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.

European business aviation flights fall 0.8% in January

private jet charter in Shanghai

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.