Stats: Global Business Aviation Market Shows Strong Growth

An Airbus Corporate Jets (ACJ) analysis shows a strong recovery in the global business aviation market. According to latest data, the number of global business aircraft departures in June was 17.2 percent higher than in the same month in 2019. January, February, March, April and May 2022 saw increases of 11 percent, 15 percent, 17.9 percent,15.7 percent and 14.5 percent, respectively, compared to the same months in 2019.

On a regional basis, the U.S., which is the world’s biggest business aviation market, saw increases of 9.3 percent, 13.7 percent, 17.7 percent, 15.1 percent, 11.7 percent and 14.4 percent in departures in January, February, March, April, May and June this year, when compared to the corresponding months in 2019. In Europe, the corresponding increases were 11.8 percent, 16.4 percent, 14.8 percent, 15.2 percent, 20.6 percent and 20.5 percent for the same months.

The use of business aircraft is also increasing. On average, business aircraft were used for 25 hours in January, which increased to 27 hours in June. The corresponding figures for Europe were 20 hours and 26 hours; in the U.S., they were 24 hours and 25 hours.

The top 10 airports for business aircraft departures in both Europe and the U.S. have significantly increased the number of departures compared to 2019. The three busiest airports in Europe for business aircraft departures are Paris-Le Bourget, Nice-Côte d’Azur and Geneva Cointrin, and they saw increases in the first six months of this year (January to June 2022) of 20 percent, 20 percent and 19 percent respectively when compared to the same period in 2019.

The 10 busiest airports in the U.S. for business aircraft departures have also seen a traffic increase. In June, for example, Van Nuys Airport in Los Angeles saw the number of large business aircraft departures rise by 35.6 percent compared to the same period in 2019.

“The global business aviation sector is enjoying a strong recovery from the worst of the COVID-19 crisis, and this is evident in the two biggest markets—the U.S. and Europe,” said Sean McGeough, VP commercial, ACJ North America. “Departures are up, and the use of business aircraft is increasing. Growth is also being driven by innovation and a growing focus on sustainability. We are well positioned to capitalize on the growth in the ultra-long-range business jet market, especially with our new addition—the ACJ TwoTwenty. This aircraft has created a new market segment—the Xtra Large Bizjet—which includes a unique flexible cabin catalog, addressing the requirements of the heavy and long-range business jet categories.”

Related Stories

Korean Air Resumes Las Vegas Flights

Cathay Pacific Rolls Out Corporate SAF Program In Asia

Ribbon Cut for New Delta Terminals at LAX

Amex to Open Centurion Lounge at Atlanta International Airport