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?
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.
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