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

Going global: The Air School that's aiming high

A South African flight school has gone global in its reach and is now training cadet pilots from all over the world. Dave Calderwood reports.

Kenyon International partners with the MEBAA

Kenyon International Emergency Services, a global leader in disaster management, is pleased to announce the continued partnership with the Middle East and North Africa Business Aviation Association (MEBAA).

Uganda’s new airport rising from the bush

A new international airport is about to emerge in western Uganda, as the country seeks to unlock its oil wealth. Alan Dron reports.

First 14 airlines confirmed for inaugural CONNECT Middle East, India & Africa forum

Fourteen airlines have already confirmed their participation at CONNECT Middle East, India & Africa – co-located with Arabian Travel Market 2019 and taking place at Dubai World Trade Centre on Tuesday 30th April and Wednesday 1st May.

O.R Tambo International unveils first phase of Western Precinct development

O.R Tambo International Airport, South Africa’s biggest and busiest port of entry, has unveiled the first phase of a R4.5 billion mixed-use development that will see its Western Precinct acquire new offices, retail space, hotel and

CHC contracts cancelled over ‘local employment’ row

A row over how many local people are employed by an international company has seen Equatorial Guinea cancelling contracts with CHC Helicopter. Jon Lake reports.

AVAFA19 SK0201280219
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219AviAssistBT201218280219Connect MEIA BT1402010519