, 2022-05-23 20:03:07,
Business in private aviation is booming. At the opening lunch for media at the European Business Aviation Conference & Exhibition being held in person in Geneva, Switzerland, for the first time since 2019, Kenny Dichter, Chairman and CEO of Wheels Up Experience, told the audience he has seen a transformation from private aviation being a luxury to an essential part of the lifestyle for his over 12,000 members.
One provider says Monkeypox is already spurring calls from potential new customers who want to avoid crowded airports and commercial airplanes. Attendees at the conference bemoaned delays in getting here, the result of airlines canceling flights due to staff shortages.
David Paddock, the President of General Dynamic’s Jet Aviation, speaking at the same welcome session, said after an initial 70% drop in business at the outset of Covid, sales at its FBOs have recovered to nearly 20% ahead of pre-pandemic highs.
Globally, around 80% of the 500 operators surveyed by JetNet IQ expect increased utilization in fractional and charter operations seen over the past 12-to-18 months will continue.
However, the issues that are roiling the airlines and greater economy are also hitting the business aviation segment, somewhat misnamed as much of the boom has been spurred by leisure flyers. In fact, despite records every…
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