Global Business Aviation Flying Sees Slight Decline in October | Aviation International News

Global Bizav Flying Sees Slight Decline in October

European and North American traffic falls, while the rest of the world records a big increase

Legacy 500 takes off from Rafiq Hariri International Airport,Beirut, Lebanon, — Photo: AIN archives

By Chad Trautvetter • Online Editor

November 6, 2023

Global business aviation flying in October fell 0.6 percent year-over-year (YOY), with Europe leading the decline, according to newly released TraqPak data from Argus International. The European market finished the month down 7.2 percent from October 2022—in line with Argus’s expectations for the region—while North American activity decreased 1.9 percent versus a forecasted 0.4 percent rise. Business aircraft flying increased by 20 percent YOY in the rest of the world.

"Business aircraft activity remains stubbornly stable,” noted Argus senior v-p Travis Kuhn. “We expected activity to move into positive territory in October, but ultimately saw 309,000 flights in North America, compared to the 316,000 we had forecasted. It was still a very strong month and we expect that November will finally move into positive territory, but we'll monitor that closely."

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