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%.
While new jet sales have remained tepid for years, flying activity had been on the rise until recently with its second year-over-year decline in three months
While fans of Ohio State may have been dismayed their beloved Buckeyes were not selected for the NCAA Football Championship Playoffs, the state’s two native son fractional ownership programs (Columbus-based NetJets and Cleveland-based Flexjet) provided November’s bright spot for private jet flying.
August flying grew 2.1% across Parts 91, 135 and fractional activity, according to TRAQPak
TRAQPak’s review of year over year flight activity (August 2018 vs. August 2017) indicates that August 2018 recorded an increase of 2.1%. The results by operational category were mixed with Part 91 activity providing the largest yearly increase, up 3.8% year over year. Part 135 activity followed with a gain of 0.4%, while Fractional activity recorded 4 fewer flights than 2017 to finish flat for the period. The aircraft categories were mostly positive with mid-size jets posting the largest gain from 2017, up 4.2%. Large jets posted an increase of 1.9%, while light jets posted a 1.6% year over year decrease. Turboprops increased 3.1%.