Post by
papineau1451 on Mar 10, 2022 9:02am
Les ailes du Québec March 10 2021
More than two weeks after Russia invaded Ukraine, the business aviation market is still growing. WingX's weekly report clearly shows that the industry is largely unaffected by the situation. In fact, business aviation is growing in March almost everywhere in the world. The European market is a prime example of what's happening right now: despite the sanctions against Russia, the region is growing 17% over 2019. It is now the corporate flight sector that is leading the recovery as it returns to pre-pandemic levels. The United States The largest business aviation market continues to recover from COVID-19. For now, the crisis in Europe does not seem to be affecting the industry in the United States. The use of long-range aircraft, such as the Global 7500, is up 28%. Even the Bizjet-converted airliner market seems to be reviving. Elsewhere in the world Excluding North America and Europe, the rest of the world is experiencing a dramatic recovery. The average growth rate is 55% over 2019. Some countries are performing particularly well. These include Argentina, Australia, Brazil, India and Nigeria. However, there are still some markets that are lagging behind. This is the case for Asia in general, especially because of China. It must be said that this region of the world has known and still knows the strictest sanitary measures. Conclusion The withdrawal of sanitary measures has a strong influence on the business aviation market. This is particularly reflected in the corporate sector; top corporate executives are starting to travel for business again. As for the economic sanctions against Russia, the effects are very limited for the moment. In a market where demand remains strong, the loss of Russian sales will be easily compensated elsewhere.