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

Verified

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 strong in the U.S., and has surpassed pre-pandemic activity levels.
This surge is largely driven by owned and managed aircraft, indicating a shift towards private and corporate flight departments, though charter and fractional operators also remain at record highs.
The robust recovery in business aviation stands in stark contrast to continued declines in commercial airline capacity and stagnant air cargo activity.
While current demand is at a record high, the outlook carries cautious optimism due as potential macroeconomic and geopolitical risks could undermine future growth.

See a mistake? Contact us.

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.