Business aviation departures in Europe dipped 0.8 percent year-over-year in January, while business jet sectors saw a 2.1 percent drop in the region, according to WingX. Its latest Business Aviation Monitor tracked 54,481 business aviation departures in Europe last month. However, activity is up 1.4 percent on a 12-month rolling basis and 10 percent above the low point in 2016, but still lags the 2008 peak by 11 percent.
Last month's results were mixed regionally, with activity in France and the UK up narrowly and Spain showing “robust growth,” WingX reported. Meanwhile, flights from Germany and Switzerland declined and were down as much a 9 percent in Italy. Turkey also saw a significant decline.
Large-cabin jet flying “took the brunt of the decline in Europe,” WingX said, down by 6 percent year-over-year. Light and midsize jet activity remained flat, while the number of prop-plane flights grew. The charter market grew slightly overall but was flat for business jets, with many jet categories seeing declines. Private flights slid 2.5 percent.
“The decline in this month's flight activity reflects anecdotal feedback from the charter operator market that customer demand is down, which fits with the wider deterioration in the macroeconomic situation in Europe,” said WingX managing director Richard Koe. “This month's drop was concentrated in the large-cabin segments, which may reflect pull back from corporate flight departments.”