in Business Aviation

African business aviation up 30%

Posted 26 October 2017 · Add Comment

Jet Support Services (JSSI) has released its latest Business Aviation Index for the third quarter of 2017. According to the index, which tracks utilisation of approximately 2,000 business aircraft worldwide, average flight hours have reached levels not seen since the economic downturn of 2008.

The third quarter follows a steady increase in flight activity throughout the year and was the most active period in 2017. Average flight hours increased 4.5 percent year-to-date and key regional markets around the world, including Asia, Africa and South America, also reported strong year-to-date flight hour activity. 

“The summer months are consistently the strongest period of the year for flight activity. Our Business Aviation Index has now shown a year-over-year increase in third-quarter flight activity for five consecutive years,” said Neil W. Book, president and chief executive officer of JSSI.

“These are encouraging signs that companies are leveraging corporate jets to conduct business around the world. It’s also promising to see such growth in regional diversity coming from markets outside North America and Europe.”

The JSSI Business Aviation Index tracks and reports on the global flight activity and utilisation of business aircraft worldwide, including jets, turboprops and helicopters. Unlike commercial aviation, which is largely driven by consumer spending, business aviation is a tool needed for efficient travel to conduct core business activities. The report calculates the average flight hours flown per aircraft on a monthly basis and organises this data by global region, industry and cabin type. This ultimately provides useful insights into the state of global economic conditions,” said Book.

Key findings in the third-quarter data include: 

          Overall flight hours increased 4.5 percent year-to-date and 2.4 percent year-over-year since the third quarter of 2016. Average aircraft utilisation of 29.11 hours in the third quarter represents the highest level since flight hours averaged over 30 hours in late 2008. 

          When broken down by industry, the largest increases across nine industries were seen in the aviation and manufacturing industries, with quarter-over-quarter increases of 8.3 percent and 6 percent respectively. There was a 12.7 percent decrease in the consumer goods industry and an 8 percent decrease in the real estate sector.

          Of the seven regions tracked in the index, only North America showed a decrease in aircraft utilisation quarter-over-quarter, with a 0.9 percent drop in flight hours. Activity in South America increased by 8.3 percent and Asia-Pacific by 8.6 percent.

          All regions increased flight hours year-over-year, with the exception of the Middle East and Europe. South America increased 7.1 percent, Central America increased 8.6 percent, and Africa reported the largest increase at 33.2 percent.

          Flight activity in North America increased 5.1 percent year-to-date, with an increase of 1.6 percent year-over-year.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Aviation Africa 2018: Cyber security: Not if, but when

An airline’s greatest cyber-security threat may also be its most precious asset – its staff – according to panellists speaking at Aviation Africa in Cairo. Victoria Moores reports.

Aviation Africa: MROs eye tremendous market in Africa

Speaking at the Aviation Africa MRO panel Hisham Ali, consultant to the Chairman of Egypt Air, said that African MRO market is growing. Africa represents four percent of the global 25,368 fleet and 3.9 percent of global 75.6 billion USD

Aviation Africa 2018 gets under way in Cairo

The Aviation Africa Summit and Exhibition 2018 is under way in Cairo with over 980 delegates and visitors at the two-day event.

On board with quality

Systems manufacturer Liebherr-Aerospace enjoys an unblemished reputation for quality, thanks to hard work, continuous investment and a long-term vision. Chuck Grieve has been finding out more.

Airbus pushes mission-critical standard solutions for 5G networks

Airbus will intensively contribute to the next steps in finding a global standard for mission-critical multimedia group communication.

Flydubai marks Africa expansion by adding Kinshasa to its network

Flydubai is the first national carrier for the UAE to create direct air links to the Congolese capital, Kinshasa and with the start of the service sees its comprehensive network in Africa grow to 13 destinations in 10 countries.

TAA SK0902311218
See us at
AirCargoAFA_BT220318210219AAD2018 BTGlobal Aerospace BT010518