Turbine aircraft broker jetAviva was the number-one seller of business jets in the first half of this year, according to JetNet’s Statistical Analysis Report (STAR) of the top-25 aircraft sales companies. JetAviva attributed this success to an increase in first-time buyers entering the market as a result of Covid-19, as well as its focus on turboprops and light to midsize business jets.
The Coronavirus impact on the aviation Industry
All sectors of general aviation experienced a downturn in the first half of 2020, according to statistics released today by the General Aviation Manufacturers Association (GAMA). For the industry facing hurdles from the Covid-19 crisis, total billings were off by more than 20 percent, a full $2 billion less than the same span a year ago.
Wheels Up and OEM Textron Aviation today unveiled a Beechcraft 350i with an orange livery to recognize the private aviation provider’s Meals Up initiative with Feeding America. Announced in March, Meals Up is a campaign to provide meals to those facing hunger during the Covid-19 pandemic and so far has raised the equivalent of 47 million in meals for Feeding America’s network of 200 food banks across the country.
A study into Covid-19 recovery planning released by Eurocontrol Thursday recommends that airports concentrate on reducing the effects of space constraints caused by new “harmonized” security measures that EU member states must impose.
Bombardier’s annual Safety Standdown, set for October 21 in a virtual format, will feature a new speaker whose presentation should be of interest to aviation professionals beyond pilots. The speaker, Toronto-based Multi-Health Systems executive chair and founder Steven J. Stein, will discuss “broader, more abstract concepts of safety…to permit maintenance technicians, pilots, dispatchers, safety program managers, or accountable executives to design and implement safety improvements,” according to the Canadian airframer.
The International Air Transport Association on Wednesday urged governments and airlines to prepare for the transportation of Covid-19 vaccines while issuing a warning of the likelihood of severe cargo capacity constraints during distribution. Epidemiologists have raised hopes that at least one of the pharmaceutical companies working on a vaccine could have one ready for use by the end of the year, leaving the airline industry with scant time for preparation.
Charter broker LunaJets expects competitors’ exuberance over a rebound in private jet travel to come to a halt now that the summer travel season has ended. Instead, September will be a “back to reality moment” for brokers and operators as the corporate travel demand that dominates the fall and winter months remains much weaker.
European business aviation activity saw a strong rebound in August, with traffic levels up by three percent over the same period in 2019, according to the latest statistics from industry data provider WingX Advance. The company noted, however, the total flight hours were down, evidence of the trend of shorter flights seen throughout the recovery.
Following a U.S. district court’s recognition on Thursday of the English High Court’s sanctioning of a financial restructuring plan at Virgin Atlantic, the UK airline has completed its private-only solvent recapitalization. The final step in the legal process effectively rescues the company from collapse and allows it to continue its efforts to emerge from the Covid-19 crisis, Virgin Atlantic said on Friday.
Private aircraft charter operators and brokers need to be fully transparent with customers about the terms and conditions for flights to avoid misunderstandings that could undermine consumer confidence, industry experts warned in a September 3 webinar organized by the European Business Aviation Association (EBAA).