Light Jet charters are still buoying the market: "Under sustained pressure from lockdowns and WFH policy, business aviation activity is ebbing, but not buckling, with pockets of growth and durable demand for charter flights, especially on light jets. It may be that as the leisure market fades into the early winter, some of the corporate demand is starting to come back." Source: WINGX
WingX reports November headwinds for the private jet recovery
Private aviation flights were off 20% year-over-year in the first half of November, according to business aviation tracker WingX. It’s a drop from the minus 15% activity level private flying had settled into since the summer.
Just under 150,000 business aviation flights were operated in the first half of November, 20% fewer than in the comparable period of November 2019, according to WINGX`s weekly Global Market Tracker published today.
Global business aviation activity was down 15% through most of October compared to a year ago, spurred by leisure demand in the charter market, according to WingX Advance data.
Rocky Mountain high: sales surge in Colorado’s premier ski resorts
According to Aviation analyst WingX, in August 100 private-jet flights a day were heading into either Eagle County or Pitkin County airports, which serve Vail and Aspen — up 34 per cent year on year. And among the passengers have been property buyers.
The pandemic has created a middle class private jet boom
Even as Europe experiences a second wave of coronavirus, private aviation remains relatively resilient. According to research firm WingX, nearly half-a-million branded charter flights have left the runway in 2020.
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