Spain’s business aviation sector has changed substantially over the last few years with the established operators maintaining their businesses and start-up companies making an impact on a fast-growing market. But they have not been spared by the ongoing financial crisis that has seen an annual 30 percent fall in the number of hours flown. While the big three operators capture most of the market, the smaller and medium-sized companies are holding their own.
Most aircraft registered in Spain belong to individuals who largely put them under management contracts with operators to market the flight hours available when the owner is not using the aircraft. Some management companies including Gestair and TAG also operate their own aircraft, something that the fall in demand has made both risky and costly. The clearest evidence of this is the failure of regular point-to-point corporate flights with VLJs, the main business of the small and medium sized companies.
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