WingX Sees Factors Dampening Business Aviation in Europe
With factors such as geopolticial conflict, economic fluctuations, and the environment weighing on users, WingX sees softening bizav demand in Europe.
The post-Covid spike in European business aviation activity appears to be winding down to more normal levels, Richard Koe, managing director of industry data analyst WingX Advance, told AIN this week at EBACE 2023. "Clearly, during the lockdown people had excess savings and the need to get out from a lockdown. The surge we saw in business aviation demand during the entire pandemic—which really came through in Europe from mid-2021—we've seen the air come out of that to a large extent."
Koe noted year-to-date declines in the region versus 2022. “That doesn’t mean we are behind [pre-Covid] 2019," he added. "We’re still up 5 percent in terms of business jet sectors flown this year versus the same period in 2019.” 
