Daily Management Review

Business jet industry grows despite rising inflation


The private aviation market, which saw a rise in demand during the COVID restrictions of 2020–2021, witnessed growth in 2022, when the majority of the restrictions were repealed and mass passenger travel by conventional airlines resumed.

Sheba_Also 43,000 photos
Sheba_Also 43,000 photos
According to speciality company WingX, reported by the Financial Times, there would be 14% more international business jet flights in 2022 than there were in pre-pandemic 2019 and a 10% increase from the prior year. Richard Koe, director of WingX, stated that "during the past two years, the business jet industry has seen historic growth. "

U.S. business jet carriers have reported record reservations, with Flexjet stating that December of last year saw its biggest volume of bookings ever.

Additionally, EvoJets reported that bookings for its business jet flights throughout the holiday season were made two months earlier than typical in 2017. Business jet operator Wheels Up's general manager, Kenny Dichter, reported that his company's sales increased by 39% last year over the previous year.

source: ft.com