Global business aviation is down 58% so far in May compared to a 70% drop in April, according to WingX
Palm Beach International is the world’s busiest airport so far in May
Light Jets and Turboprops are leading the recovery
The glass is getting closer to being half full in business aviation. After a 70% drop in global private aviation in April, private jet flying is down by only 58% through the first 13 days of May. At its nadir, activity was down by around 80%.
The numbers compare favorably to the airlines. Global scheduled passenger flights were down 85% so far this month.
Both existing and new private aviation users are expected to boost the recovery of business aviation. However, they are facing a myriad of new Coronavirus induced issues to deal with
There are signs that private jets will be on the leading edge of business recovery.
Speaking at Corporate Jet Investor’sweekly town hall meeting, Andrew Collins, CEO of Directional Aviation’s Sentient Jet said bookings to cancelations are now running about 10-to-1. It’s a sea change from earlier this month when daily cancelations were outstripping new reservations.
As U.S. private jet travel fell by close to 30%, the COVID-19 Coronavirus pandemic had a big impact on business aviation in Europe
Italy private aviation flights dropped by 70% in March
Business aviation departures from Europe were down by 34% in March 2020 compared to the previous year, according to data supplied by WINGX.
The Germany-based business aviation research firm said there were 17,800 fewer flights flown last month. Like in the U.S., declines have accelerated towards the end of the month. During the final days of March, flying was down close to 50%.
As airlines reduce flights, it will become more difficult to position pilots on short notice
Like with the airlines, drop in demand due to Coronavirus restrictions is leading some private jet operators to ground aircraft
Both London City Airport and London Heliport have closed for normal private aviation flights
NetJets, VistaJet affirm continued operations in Europe and worldwide
Booking a private jet charter flight in Europe may become more difficult in the coming weeks, especially on short notice. That’s the consensus of several executives from private jet operators and charter brokers who spoke to us. The silver lining is, it’s not a problem yet.
A story last week in Aviation International News was headlined, “BBGA Expects Full Bizav Fleet Grounding Soon in UK.”