As COVID-19 continues to rage worldwide, causing many domestic and international carriers to struggle with diminished demand, one positive outcome from this is that more air travelers who have the financial means are seeking out business aviation and charter operators for private flights. While certainly not affordable for everyone, this influx of new clients has FBOs across the country reporting brisk business, which many launching plans for expansion.
FBOs Plan Midwest, Southwest Expansions Despite Pandemic
Key Takeaways:
- The COVID-19 pandemic has significantly increased demand for private aviation and charter services, resulting in robust business for Fixed-Base Operators (FBOs).
- Companies like Cutter Aviation (Southwest) and Carver Aero (Midwest) are experiencing record growth, leading to major expansion plans including new hangars, FBO acquisitions, and larger charter fleets.
- The industry anticipates continued growth from both traditional aviation enthusiasts and new fliers seeking alternatives to commercial travel, prompting strategic expansion into key regional markets.
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