In a manner that no one could’ve predicted, the disruption caused by the COVID-19 pandemic to global airline travel led to alternative use of travel dollars, as people sought other ways to find transportation for business and recreation. From late 2020 until now, the business aviation industry, across most sectors, has flourished in unprecedented ways, unwittingly putting a strain on the industry as it has tried to keep up with new demand.
Separately, the windfall many people secured in personal investments has afforded them the ability to fly privately, perhaps for the first time. In some cases, fears about exposure to the virus have kept people away from the airlines. OEMs and aftermarket brokers have seen record aircraft sales as people want to fly on their own terms.
