Business aviation flight activity in North America continued its upward trajectory last month, climbing 4.1 percent year-over-year, according to TrakPak data released yesterday by Argus International. This marks the fifth consecutive rise for the month of October, going from about 240,000 flights in October 2012 to more than 270,000 last month. Argus is predicting 3.2 percent growth this month.
Once again, last month's results were spearheaded by gains in Part 135 charter activity, which increased 7.9 percent from a year ago. Part 91 private and 91K fractional flying rose 2 percent and 2.2 percent, respectively.
For the first time this year, midsize jet activity surpassed that of other aircraft categories, taking the top spot last month with a 6.9 percent year-over-year increase. This was followed by large-cabin jets, up 5.6 percent; turboprops, up 2.9 percent; and light jets, up 1.6 percent.
In individual categories, Part 135 midsize and large-cabin jets saw double-digit gains, soaring 11.1 percent and 11.7 percent, respectively. Large-cabin fractional jet flying had the only notable loss in October, falling 7.4 percent from a year ago.
Argus’s TraqPak data provides “flight-number-specific aircraft arrival and departure information on all IFR flights in the U.S., Canada and the Caribbean.”
Read Expanded Version
Business aircraft activity in Europe climbed 8 percent year-over-year last month, thanks largely to a 13-percent boost in business jet charter flights, according to data published today by WingX Advance. Year-to-date, segment flying is up 4 percent, or 28,000 more flights, versus the same period in 2016.
“Strong year-over-year growth, the largest so far this year, points to a sustained growth in charter demand,” said WingX managing director Richard Koe. “The market appears to be responding to a better outlook for the economy and, within the industry, competitive pricing, aggressive marketing and more productive underlying operating and brokerage models.”
Western Europe showed a “robust increase” in flight activity in October, especially in France, Spain and Italy, WingX said. It noted small declines in activity from Russia, Norway, and Turkey, but strong gains from other smaller markets such as Sweden, Austria and Greece. Germany has seen the most growth, WingX said, with year-to-date flights up by 3.9 percent, meaning an additional 415 flights per month.
Business aviation flights from southern Europe rose 10 percent last month, and have a 12-month growth trend of 7 percent. Arrivals into Europe from Russia were down 2 percent, but there was slight growth in flights to Middle East and a 9-percent bounce in flights from Europe to North America.
Read Expanded Version
According to a new study of 60 high-grossing companies in Canada, business aviation users on average outperform non-users by 43 percent in revenue growth. The study, done by Nexa Advisors, also found that business aviation users could expect to improve earnings before interest, taxes, depreciation and amortization (EBITDA) at a rate of 50 percent higher than non-users.
Additionally, the report contends that business aviation users are almost three times as efficient as non-users at both using equity capital to generate income and increasing productivity of assets. The report’s results mirror the findings of similar studies done by Nexa for NBAA.
“The report proves what we had known all along: companies that use business aviation have a huge advantage and better financial results than those that don’t,” said Canadian Business Aviation Association president and CEO Rudy Toering. The findings in the Nexa report complement CBAA’s recently released 2017 Economic Impact Study that shows business aviation generates a total of $12.8 billion and 47,000 jobs annually in Canada.
Toering said CBAA is using both reports to “connect with leaders and influencers across Canada to increase their awareness of the value of business aviation to Canadians and to ensure regulations and policies do not damage this important aviation sector.”