Aircraft
Argus: Leap Year Provide Bounce for February Bizav Ops
Business aircraft activity inched up by 2 percent in February
Cessna Citation CJ2+ takes off from Geneva Airport in Switzerland
Business aircraft flying hit turbulence in May 2023, falling 1.6 percent globally from a year earlier. But activity is up 8 percent month-over-month and still trending above pre-pandemic 2019 levels. (Photo: David McIntosh/AIN)

Global business aircraft activity ticked up by 2 percent last month thanks to the extra leap day. The year-over-year improvement last month also stemmed the declines seen in the past few months.

In North America, activity was up 2.5 percent year-over-year (YOY) in February. But in Europe, activity slowed by 5.7 percent, though that was a slight improvement from the 7.9 percent YOY drop reported for January. However, Argus expects business aircraft activity to return to the negative this month in North America, forecasting a 2.7 percent dip, and further declining in Europe by 6.9 percent YOY.

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