Earlier this year, FLYING spoke with Eric Zipkin, CEO of Tradewind Aviation, to take the temperature of the charter jet market. During that interview, Zipkin shared how his Connecticut-based company was adjusting to shifting work-from-anywhere trends and increasing demand for private aviation. In early March, Tradewind Aviation announced that it was ordering 20 PC-12 NGX turboprops from Pilatus to bolster its fleet.
Since early spring, however, the world has changed. The global economy has been awash with the ripple effects of the Russian-Ukraine conflict that began at the end of February. That crisis is still playing out. So far, it has affected the fuel market by sending prices surging. It has also affected aircraft ownership and insurance premiums; and losing Russia from the marketplace as the world emerged from the pandemic has caused various supply and demand challenges that may also contribute to a global recession.
