European charter provider Elit’Avia recorded its second busiest year in 2020 since its founding in 2006, the Luqa, Malta-based company announced late last week. Its flight hours last year totaled 6,615, driven by new clients who previously flew business class on commercial carriers as well as specialized cargo transportation, especially of medical supplies such as facemasks.
The Coronavirus impact on the aviation Industry
Feb 12, 2021 - 12:37 PM
As the Biden Administration weighs the potential for Covid-19 testing on domestic flights, the National Air Transportation Association (NATA) is urging President Biden, Transportation Secretary Pete Buttigieg, and FAA Administrator Steve Dickson to consider the low risk of virus transmission posed by the general aviation industry when they create travel policies.
Feb 12, 2021 - 12:03 PM
After earlier announcing plans to hold a live event in March, the Flight School Association of North America (FSANA) has rescheduled its annual International Flight School Conference to this summer. The three-day event now slated to commence on August 18 will take place at the same venue in Orlando, Fla., the Rosen Plaza Hotel, and all room reservations for the March dates will automatically be canceled.
Feb 11, 2021 - 11:27 AM
The House Transportation and Infrastructure Committee on Wednesday agreed to its portion of the Biden Administration’s $1.9 trillion American Rescue Plan, including additional funding for airports and the creation of a payroll support program for aerospace workers.
Feb 10, 2021 - 1:11 PM
NBAA president and CEO Ed Bolen is encouraged that business aviation is heading into 2021 with “some helpful tailwinds,” including new people flying private for the first time, strengthening economic forecasts, and advancements in sustainability. Speaking during an NBAA podcast, Bolen, however, conceded that the challenges of the lingering pandemic have forced the association to cancel its in-person events in the first half.
Feb 9, 2021 - 4:18 PM
With the recent Covid travel restrictions and testing requirements for air travel into the U.S., Universal Weather and Aviation has established a network of Covid-19 testing providers across the top 200 international airports that its trip support customers most frequently use, including all destinations where the company has a prese
Feb 9, 2021 - 11:19 AM
Noting many smaller operators are still awaiting financial assistance under the renewed Payroll Support Program (PSP), five aviation organizations representing smaller scheduled and nonscheduled commercial fixed-wing and helicopter operators appealed to Treasury Secretary Janet Yellen to see that the remaining applications for workforce compensation assistance be processed with the same urgency as the larger carriers.
Feb 8, 2021 - 11:20 AM
While new U.S. mandatory testing requirements went into effect late last month for international arrivals, House aviation subcommittee chairman Rick Larsen (D-Washington) expressed reservations about expanding those requirements to domestic flights.
Feb 8, 2021 - 9:52 AM
Canada issued new Covid-19 virus rules last week that require arriving international corporate, private, and charter flights to land at one of four major airports—Toronto Pearson, Montreal Trudeau, Vancouver International, or Calgary International. Medevac, ferry, cargo, and tech stops where no passengers disembark remain exempt.
Feb 5, 2021 - 12:21 PM
Before last February, we had barely ever heard of coronavirus, much less Covid-19. Then the business aviation industry stood still from March through May, unsure of the effects.
But let’s take a look at business aircraft sales starting in June 2020. Many in this industry segment began to feel, see, and do business at a pace that some had never seen or experienced, or for many an activity level that they had not felt in years. Transaction-wise, 2020 was one of the best years in memory for aircraft sales.
However, it was actually only a nine-month year. Imagine if it were like that for a full 12 months? Could we find ourselves enjoying 12 months of that accelerated activity in 2021?
I think we could. As I look at the first month of 2021 at our company, we are being awarded new acquisition jobs, and getting more than usual opportunities to provide proposals to both buyers and sellers. Adding new inventory and fielding more calls than a typical January, which is typically a reflective month for prospects and clients.
Be sure to also keep an eye on aircraft inventory, corporate buying, and the strength of the first-time buyer phenomenon. Let’s get ready for a shot in the arm, getting back to a more normal world, and continued success in our industry.
