Stats: Use of Business Aviation Expected to Grow in 2023

Airbus Corporate Jets (ACJ) conducted a survey among senior executives of U.S. businesses with an annual revenue of over $500 million. The study shows that 89 percent expect their organizations to increase their use of business aviation in 2023. Twenty-five percent predict it will increase by over 50 percent, while just two percent expect it to fall, and seven percent anticipate it will not change.

When asked why they expect it to increase, 81 percent said it is because they became increasingly reliant on business aviation during the COVID-19 crisis. Sixty-six percent said it has become easier to reduce the carbon footprint of flights, and 63 percent cited continued expected problems in the commercial aviation sector, such as flight delays and cancelations.

“In the first nine months of this year, business aircraft departures in the U.S. were up 12.5 percent when compared to the same period in 2019,” said Sean McGeough, VP commercial ACJ for North America. “Our research shows many senior executives want to make greater use of business aviation next year as they recognize the many benefits of flying privately. However, this growth is also being fueled by the improving sustainability record of the sector.”

ACJ commissioned Pureprofile to survey 100 senior executives of U.S. companies with an annual turnover of over $500 million. Forty-eight of the respondents are CEOs, seven are finance directors, six are board directors and 39 are senior executives. The study was conducted in September 2022. Of the 100 senior executives interviewed, 69 work for companies that own their own private jets, and 19 work for organizations that charter business aircraft.

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