Spain makes room for new bizav companies
Spain traditionally has lagged in Europe’s business aviation market.

Spain traditionally has lagged in Europe’s business aviation market. Although its fleet of around 80 jets and 42 turboprops for corporate or private use is the continent’s fifth biggest, Gruppo Gestair, Europe’s third largest operator, dominates and Spain commands only about 3 percent of the continent’s market. But over the last two years the sector has made a great leap forward, recording 15 percent growth in 2005, doubling the 6- to 8-percent growth it logged in the previous few years.

Last year’s tallies are not yet available, but industry professionals believe that the appearance on the scene of new market entrants, the rapid progress of the country’s largest operators and the popularity of fractional ownership make prospects look good for substantial growth in the next few years.

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