By Stefaan Ghijs
The European economy is gaining traction, but how is the private aviation industry doing? Is there a correlation in growth, and are new air taxi business models stimulating demand? Together with WingX Advance we have set-up an air taxi industry analysis.
The air taxi industry is growing again
In the end of June 2017 air taxi sectors were up by around 6%. But we’re still down by at least 5% compared to the first half year of 2008. A positive sign, though it is clear that risk aversion is much higher now, whilst the smallest and lightest aircraft have improved their performance. Consequentially new air taxi models will steal market share of the business aviation market, but more importantly they will also bring in new users.
Check all the trends in our interview with Richard Koe of WingX Advance. He shares the latest trends of the European airtaxi industry here.
Major private jet cities
The top 3 cities which constituted most of the demand were London, Geneva and Paris. According to the forum Business traveller “the amount of very light jet departures in Europe has increased dramatically over the past year, even while the number of departures for mid and heavy jets has dropped. Coupled with new research on the falling number of European private jets that are up for sale and the number of private jets being delivered to Europe, the carrier believes that more people are choosing not to buy or own their own aircraft and instead want to charter or take an air taxi instead.”
The first Fly Aeolus air taxi industry analysis webvideo
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