TRAQPak analysts estimate there will be a 3.8% increase in overall flight activity year over year in February 2018
After having its best year since 2008 with over three million private aviation flights in North America during 2017, 2018 is off to a flying start.
TraqPAK reports 2017 was a good year for private jet operators, including fractional, charter and Jet Cards
Business aviation eclipsed three million flights for the first time since 2008, according to TRAQPak. Overall, total business flight activity in 2017 was at the highest rate of growth since 2014. Flight activity increased across all operational categories for a combined increase of 3.9%. The researcher said, 2017 produced year over year increases each month, with Thursday continuing to be the busiest day of the week for flight activity.
Private aviation travel in December increased powered by a 4.6% gain in charter and jet card flights
Year over year flight activity (December 2017 vs. December 2016), TRAQPak data showed that December 2017 posted an increase of 2.0%. The results by operational category were mostly positive with Part 135 activity (on-demand charter and jet cards) producing a 4.6% gain. Fractional activity recorded a rise of 4.0% and Part 91 activity slipped 0.5%. The aircraft categories were mostly positive as well with large & mid-size jets posting the largest gains, up 5.5% & 4.2% respectively. Turboprops were flat for the period while light jets declined 0.1%.
Year over year flight activity (August 2017 vs. August 2016) from TRAQPak data indicates that August 2017 posted a significant increase, up 5.2%. The results by operational category were all positive with Part 135 recording a substantial yearly change, up 10.9%, Fractional activity recorded a rise of 7.0% and Part 91 activity increased 0.9%. The aircraft categories were all positive as well with large & light jets posting the largest gains, up 7.2% & 5.5% respectively. Mid-size jets and turboprops recorded gains of 4.8% & 4.5% in that order.
Private aviation flights jumped 6.5% in May 2017 compared to last year, according to TRAQPak data. Part 135 flight activity was up 13.3%, Fractional flying was up 6.9% and Part 91 activity increased 2.1%. Large and Mid-size jets posting the largest gains, up 9.3% and 9.2% respectively. Light jets and turboprops saw increases of 3.8% and 5.3% respectively.
Argus TRAQPak announced that Part 135 and Part 91 private aviation flying increased by 5.3% in April compared to 2016.
With a big 13.5 % increase in private aviation flight activity from February to March, forecaster TRAQPak is predicting a 4.8% increase in overall flight activity year over year in April 2017.