The company sells on-demand charter and jet cards
Jet card and on-demand broker Air Charter Service said that in the first half of its financial year the company saw an increase in private jet bookings from its UK office of 8%. This is compared to industry-wide WingX statistics showing that private jet flights into and out of the UK were down by 5.4% over the same six months.
In a press release, Andy Christie, Air Charter Service’s Global Director of Private Jets, said, “We had a very good first half of the year, considering the market is in decline, with more than 1,300 private jet charter flights arranged just from our London HQ over the six month period. The increase of 8% is even more impressive when you take into consideration WingX’s figures for the UK and when compared to the worldwide industry as a whole, which has grown by just 2%.”
Bad news led the good news last month for business aviation, according to WingX
The good news was June was the busiest month of the year for business aviation in Europe with 87,236 private flight departures. The bad news was the numbers were still down by 1.7% year-over-year, according to consultancy WingX.
Richard Koe, WingX managing director, said, “All but one
month this year so far have seen declines in flight activity compared to last
year, with the first half of 2019 some 2% down on 2018. “
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
“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.
Except for long-haul charters, WingX says April results show
heavy turbulence for private aviation
According to WingX, there were 66,165 business aviation departures in Europe in April, a similar volume to March, but 3.1% fewer flights than April 2019. What’s more, 12-month activity is trending less than1% growth, a mere 10% above the recession trough in 2009, and 11% down from the highpoint back in 2008.
Despite limited growth, private air travel, particularly charter, is facing a slowdown, according to WingX
There were 66,736 business aviation departures in Europe
last month, a strong increase over February, but just 0.7% growth compared to
same month results for 2018, according to WingX an aviation consulting and data
company. The analyst said results were driven by a large increase in piston
traffic offsetting declines in business jet and turboprop. First quarter 2019
total activity was up 0.6% compared to 2018.