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:
- Three months into the COVID-19 pandemic, business aviation is slowly rebounding with increasing charter activity and operators implementing new health and safety best practices.
- Business aviation is broadly defined as the business use of aircraft, with 97% of users being small to mid-size businesses and non-profits, primarily utilizing smaller aircraft for trips under 1,000 nautical miles.
- This sector significantly contributes to the U.S. economy, generating $219 billion annually and employing approximately 1.1 million people.
- Companies using business aviation gain a competitive advantage, often appearing on "Best of" lists, by enhancing employee productivity, avoiding travel delays, and enabling private, efficient travel.
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