The V-shaped private jet travel recovery continues to be driven by pent-up demand, government restrictions and the continuing COVID-19 pandemic
Worldwide business aviation activity reached its highest levels since the first weeks of March when flights plummeted.
According to the WingX, during the first half of August, global private aviation departures are tracking at 16% below 2020 levels.
45% of business aviation executives expect to finish 2020 in a stronger position, compared to just 16% who predict a decline. 92% are very/fairly optimistic about 2021
Major airlines warn that a full recovery may now take into 2024. Business aviation executives say that’s not the case for private jet travel.
A poll of more than 500 attendees at Corporate Jet Investor’s weekly Town Hall meeting showed a confident outlook about the future.
Here’s how the U.S., U.K., Canada, Australia, Mexico and other top business aviation markets performed during the coronavirus pandemic
An analysis of private aviation departures from WingX data by Private Jet Card Comparisons reveals a wide disparity in how COVID-19 impacted private jet travel on a country-by-country basis.
There was only one country that saw departures increase during the period and at the bottom of the list, 10 countries saw flying less than 50% of 2019 totals.
Looking at the 50 countries and territories with the most private aviation departures between March and July 2020, Nigeria’s private flights are at 103% of 2019 levels, up 3%.
Still, it was a bumpy ride powered by a 57% increase in flights during July. During the five months of data reviewed, Nigeria’s private aviation departures were ahead of 2019 levels in four months, although April departures dropped 73%.
A leading association executive warns the private jet rebound may not be sustainable
As the warm days of summer move the crisp weather of fall, at least one association boss is warning that the private jet rebound could be set to stall.
David Edwards, CEO of the Air Charter Association, a European trade group representing over 250 brokers and operators, said he is concerned about members hyping the nascent private aviation rebound. He pointed specifically to companies talking up increases in call volume to actual purchase levels of private flights.
10 of the 15 busiest private aviation airports saw declines during the first 10 days of the month with New York and Seattle airports seeing the steepest drops
Of the busiest airports in the U.S. for private jet departures, three Colorado airports rank in the top 10 for the first 10 days of August, according to data from WingX.