Argus Predicts Bizav Activity Will Ebb Slightly in 2023
Argus sees 2023 business aviation activity dipping by just a percentage point in North America—a rightsizing after a tumultuous three years.
HondaJet Elite II (Photo: Honda Aircraft
Argus said the light end of the market bears watching in 2023. (Photo: Honda Aircraft)

Predicting that business aviation operations in North America this year will nearly match those in 2022, Argus International said the industry seems to have rightsized to handle demand after a tumultuous three years that brought “the highest of highs” in October 2021, the lowest month recorded in April 2020, “and everything in between.”

In its recently released 2022 Annual Business Aviation Review, Argus forecast that operations this year will come in 1 percent below those of last year. While slightly down, this would be 14.4 percent above pre-pandemic levels of 2019, Argus noted.

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