European Bizjet Fleet on the Decline in Austere Climate

Over the past year some 50 European business jets–roughly 2 percent of the continent’s bizjet population–have been sold to other parts of the world, where fleets have grown by 3 percent, according to business aviation consultant Brian Foley. The majority–79 percent–of these aircraft have found new homes in North America, mostly in the U.S. and Canada. Meanwhile, the rest have gone to Africa (7 percent), Australia (5 percent), South America (5 percent) and Asia (4 percent).