How Resilient Is Bizav Activity Going Forward?
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.
“This is a resilient trend considering the resurgence of virus concerns in key European and U.S. markets and the associated travel restrictions, reflected with a more than 50% drop in scheduled airline operations,” WingX says.
“Business aviation demand is holding up globally, encouraging to see a post-March high in daily operations,” said Richard Koe, WingX managing director. “Charter and fractional operations are fairly robust, and as we know that business travel is greatly subdued, this suggests there is a strong underlying demand for safe and convenient leisure and lifestyle travel.”