Industry data provider JetNet has revised its 10-year forecast downward, predicting a market for 6,362 business jets delivered by 2029 with a value of $204.4 billion.
A year ago at NBAA’s 2019 BACE, the company issued a 10-year forecast calling for deliveries of 7,050 business jets (excluding personal jets and bizliners) worth an approximate $241 billion. The rise of the Covid pandemic, and its far-reaching effects on aircraft travel as well as manufacturing, has changed those calculations.
Some business travelers, including people working in the entertainment, news, and sports industries, will be exempt from the UK’s 14-day Covid quarantine requirements from 4 a.m. local time on December 5. The relaxation of rules, which was announced by transport secretary Grant Shapps late Thursday, is potentially good news for business aircraft operators.
Industry advocates are continuing to push for further legislative aid and regulatory relief as business aviation operations and organizations continue to suffer under the Covid-19 pandemic, senior NBAA officials said during NBAA-VBACE.
European and international aviation associations called for the complete abolition of quarantine restrictions and other travel restrictions following Wednesday’s publication by EASA and the European Center for Disease Prevention & Control (ECDC) of guidance recommending that authorities do not automatically consider airline passengers high risk for spreading Covid infection.
The business aviation industry remains optimistic despite the Covid-19 pandemic, industry data provider JetNet said in releasing results from its third-quarter JetNet iQ survey at NBAA-VBACE.
Embraer’s projections of persistent downward pressure on airline travel demand due to Covid-19 influences—even beyond the time it expects the industry to return to 2019 levels in some three or four years—will serve to reinforce the Brazilian company’s market position as a return to “rightsizing” takes hold, company executives said Wednesday during a presentation of its latest 10-year market forecast for aircraft carrying up to 150 seats.
Singapore and Hong Kong have decided to further delay the start of the so-called travel bubble between the two territories into sometime next year following a review of Covid-19 case counts in Hong Kong, the Civil Aviation Authority of Singapore (CAAS) said Tuesday.
American Airlines has begun flight trials with a Boeing 777-200 to prepare for transporting Covid-19 vaccines, the company said on Monday. The trials, begun in mid-November between Miami and South America, simulate the conditions needed to test vaccines’ thermal packaging and the handling processes needed to ensure they arrive safely at their destinations once health authorities issue their approvals.
Business aviation activity worldwide continues to be diminished by the Covid-19 pandemic but the overall dip in flights appears to be stabilizing, according to the latest data from WingX. As of November 26, the company’s Global Market Tracker showed activity during November to be 19 percent lower than the same period in 2019 and also slightly weaker than the October trend.
Airports, airlines, and slot allocation coordinators have called for waivers covering the use of slots to be extended through the end of the 2021 northern hemisphere summer season so that carriers will not be forced to give up slots they cannot use due to the continued slump in demand for flights.
