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Growth trends strengthen as winter draws in |
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November was another
growth month for business aviation in Europe, with 61,837 flight
departures, up 6.1% YOY, taking the YTD growth trend to 4.2%,
according to WINGX`s latest monthly Business Aviation Monitor.
Activity in November 2017 was
still 10.5% behind the pre-crisis peak back in November-2007.
Continuing the recent trend, the
biggest growth came in Western Europe, with business aviation departures up
significantly from leading markets UK, Spain and Switzerland. For the
year-to-date, Germany has added the most flights.
Of the smaller markets, Greece,
Belgium, and Portugal had well over 15% growth this month, with flights from
Poland and Croatia up 25% YOY. Business aviation flights from Turkey were down
12%, but still have 6% growth YTD.
France was by far the busiest
domestic market, with 7,000 flights, up 2% YOY. Flights from France to Germany
were up 11%, and from France to Spain, up 31%. Flights within the UK were up 10%
this month. Domestic flights in Italy declined 3%.
Business aviation arrivals into
Europe were up due to strong growth in transatlantic connections; elsewhere,
arrivals from CIS region and Middle East were flat, and North Africa arrivals
were down. Flights to Latin America declined 5% YOY.
Activity trend by City |
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Over 6,500 flights from
London and Paris this month. Geneva departures up by 14% YOY. |
AOC activity continued to be the
main overall growth driver, representing 47% of activity and up 10% YOY. Charter
growth rates since the summer have exceeded 8% each month. Private activity
slightly improved this month, although flat for business jet sectors.
Aircraft
The growth in AOC operations this
month came mainly in large cabin sectors, with Ultra-Long Range and Heavy Jet
flights up almost 20%. Light Jet activity was up 9%, and has increased every
month this year. Only Midsize jets flew less YOY this month.
Besides the continued strong
growth in newer business jet platforms such as Phenom 300 and Global Express,
older types such as Challenger 600 saw substantial increase in AOC activity, and
in Private flights, the CJ2 was up by 25% YOY.
Airports
Solid growth at leading airports
Le Bourget and Nice, the latter adding most growth of any airport this year.
Notably Geneva saw 13% growth in departures, all from increased AOC activity.
Ibiza had 15% growth and Biggin Hill departures were up by 23% YOY.
Richard Koe,
Managing Director of WINGX Advance, comments:
“November´s flight activity was
typically low-season but the strong year-on-year growth is evidence of the
ongoing recovery in demand in 2017. A lot of the additional flying is being
operated as large cabin AOC missions, on short European sectors, suggesting some
aggressive pricing. Excess capacity is encouraging the buyer´s market; overall
activity this month was still down 10% on the levels of a decade ago, despite
the much larger active fleet of aircraft.”
Download the latest Business Aviation Monitor
WINGX
Advance is a data research and consulting
company based in Hamburg, Germany. WINGX
analysis provides actionable market intelligence
for the business aviation industry. WINGX
services include: Market Intelligence Briefings,
Customised Research, Strategic Consulting,
Market Surveys. WINGX customers range from
aircraft operators, OEMs, airlines, maintenance
providers, airports, fixed base operators, fuel
providers, regulators, legal advisors, leasing
companies, banks, investors and private jet
users.
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WINGX
Advance GmbH |
Conventstr. 8 - 10 | Building
A |
D
- 22089 Hamburg |
Germany. |
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+49
40 32 84 69 78 phone | +49 40 32 84 69 79 fax |
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BlueSky Business Aviation News | 14th December
2017 | Issue #443 |
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