Three months into the COVID-19 pandemic, the National Business Aviation Association reports operators are slowing coming back online as the market and economy attempts to rebound.
NBAA: Business Aviation Slowly Comes Back to Life
Key Takeaways:
- Business aviation is experiencing a slow recovery from the COVID-19 pandemic, marked by increasing charter activity and the implementation of new health and safety protocols across all operations.
- Contrary to common misconceptions, business aviation is largely comprised of small to mid-sized businesses and various organizations (97%), rather than predominantly Fortune 500 companies.
- This sector is a significant economic contributor, generating $219 billion annually and employing approximately 1.1 million people in the U.S.
- Companies utilizing business aviation are frequently recognized for higher innovation, productivity, and overall success due to the efficiency and privacy it offers for business travel.
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