Argus Sees Bizav Ops Continuing To Slide from 2022
Business aircraft traffic was down 4.8 percent year-over-year globally in March with operations softened in both North America and Europe, Argus reported.
Embraer Phenom 300E in front of hangar door
Part 135 small-cabin operations showed the most significant decrease in North America in March at 18.2 percent, Argus reported. (Photo: Embraer)

Business aircraft flight operations are continuing to ebb from the feverish pace of 2022, down 4.8 percent year-over-year globally in March with projected further declines this month, according to Argus International. Releasing its latest TraqPak report, Argus noted that activity dropped by 5.8 percent in North America and by 13.6 percent in Europe in March. These trends are anticipated to slide into April’s traffic with the North American business aircraft operations forecast to be down by 8.9 percent and Europe activity by 16.9 percent, year-over-year.

In North America, however, flight activity did tick up by 14.6 percent from February, Argus noted, crediting the three additional days on the calendar in addition to stronger demand. However, compared with March 2022, fractional activity marked the only positive gain, up 6.4 percent.