Business aviation activity in Europe in May indicates encouraging recovery in Western Europe, with the top six Eurozone markets all increasing in activity, especially in France and Germany, Richard Coe, managing director of WingX Advance has said.
In May 2015, 73,436 business aviation flights departed from Europe, up 493 flights from May 2014 activity, WingX said.
The Eurozone has clearly recovered: Its five largest markets, which comprise 56% of total activity, are growing. Markets in Spain and Turkey also increased activity in May.
Strong growth in Germany, France and in particular, Italy, was offset partly by declines in Switzerland, Austria, and the Netherlands along with continued subsiding demand for business aviation in Russia. Overall “this is the first positive May since 2011,” the report on Europe’s activity by WingX found. The results were boosted by growth in turboprop and piston flights. Total business jet activity, however, declined by 1.7% in May.
Jets are flying more however, in Italy and Spain, and charter activity experienced strong growth in the UK and France.
The resurgence is coming from the super midsize- and light-aircraft segment, though there is still big over-capacity in the heavy- and mid-size jet fleets, WingX said.
Declines in charter activity were notable on Hawker and Learjet aircraft, which were down 14% and 18% year-over-year respectively. Other fleets increased charter activity, however. Charter flights by Bombardier jets were up 11% in May and on Embraer jets by 33%. That included strong increases in Challenger 300 and Phenom 300 activity.