Aircraft
Global Bizjet Flights Dip in February
Globally, business jet departures were down a percentage point
FlyExclusive CJ3+
FlyExclusive was a leader in the flight activity gains in February. © Textron Aviation

Global business aviation departures ebbed by 1% year over year (YOY) in February but are still up by 1% year to date, according to analyst Jefferies. Citing WingX data, Jefferies added that despite the softening in February, departure traffic in the month was still 33% above 2019 levels.

Europe led the declines last month, falling 5% YOY, and the Asia-Pacific region saw a 2% dip while North America activity slid 1%. Corporate flight departments continue to feel the malaise, with departures down last month by 15% YOY. Private flight departures, however, were up by 2%, and those involving fractional and charter operations surged by 4%.

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