Business Aviation Growth At a ‘Record High,' Report Says

Business Aviation Growth At a ‘Record High,’ Report Says

Kimberly Johnson

Thursday, January 20, 2022 at 03:41 PM ET

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The United States has seen the strongest growth in business jet travel over the past two years. [Courtesy: Boeing]

Key Takeaways:

Business aviation travel is experiencing significant global growth, particularly in the U.S., surpassing pre-pandemic activity levels.
U.S. business jet traffic in January 2022 was up 26 percent compared to last year and 19 percent compared to pre-pandemic January 2019, largely driven by increased usage of owned and managed aircraft.
This strong demand in business aviation contrasts with the recovery fluctuations in commercial and cargo sectors, though the record-high growth faces potential future macroeconomic and geopolitical risks.

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Business aviation travel is up in the U.S. and around the world, outpacing activity levels reported this time last year, according to a new report.

Business jet travel has seen a resurgence across the board globally in the past two years, but it’s in the U.S. where growth has been strongest, particularly when it comes to owned and managed aircraft, according to WingX, which provides aviation business intelligence.