European business aviation

European business aviation records August traffic decline

Europe’s business aviation air traffic declined in August 2016 compared to the same period for the previous year. In a news article published at the Corporate Jet Investor website on 8 September 2016, Alud Davies cites data from the WINGX monthly flight activity report indicating that “the usual slowdown in business aviation in Europe showed its hand during August, with business jet activity falling by 2% versus the same period last year.”

The dipping trend has been attributed to the slump of flight traffic in Germany, Switzerland and Turkey. Data shows that Turkey was particularly affected by the decline, probably as a result of the aftermath of the failed coup attempt by some members of the county’s military. “Compared to August 2015, there were 750 fewer flights in Turkey, a 27% drop,” according to Davies.

The market slowdown similarly affected many individual European airports. This trend prevailed across the board, with Nice being one of the biggest casualties, having suffered an 8% dip in movements. Cannes, Farnborough and Rome Ciampino were the few of the top airports that did not experience a decline in activity. Stuttgart and Barcelona, meanwhile, recorded favourable growth despite their relatively small-sized operations.

Nonetheless, numerous European countries, such as Belgium, France, Norway and the United Kingdom, posted positive growth trends. Davies reports: “The biggest growth during the month was recorded in Ireland, up by 13%.” This shows that some of these markets are flourishing amidst the gloom in some individual airports and the overall regional private aviation markets.

The sliding trends of the European private aviation market was attributed to a combination of factors that affected the industry. Davies quotes WINGX’s managing director, Richard Koe, as saying: “The relapse in activity this month is linked mainly to private jet owners flying less, particularly from Russia and Turkey, and heavy jet activity in general fell sharply. There is no doubt some wariness of the elevated terrorist threat, reflected in markedly less activity at major airports, with Nice obviously affected. There is still some growth in Ultra-long range and Super Midsize segments, where aircraft order books are strongest. VLJ and certain turboprops are also continuing to increase activity, especially in Western Europe.”