Aircraft
Bizav Flying Rises in May Despite Economic Uncertainty
North America and Europe up modestly, while rest of world sees double-digit increase
Flexjet Gulfstream G650 in flight
According to Argus’ analysts, large-cabin business jets in Europe saw an unexpected increase in activity last month of nearly 5%. © Flexjet

Turbine business aircraft flight activity last month rose 2.7% year over year (YOY), largely boosted by 14% growth in Africa, Asia-Pacific, and South America, according to the latest TraqPak data from Argus International. North America and Europe saw modest gains of 0.9% and 0.6%, respectively, versus a year ago. The company’s analysts are predicting a 1.1% YOY increase in North American flight activity and a 0.4% YOY uptick in Europe this month.

“Business aviation activity continues to remain resilient in the midst of economic uncertainty,” said Argus senior v-p of software Travis Kuhn. “Activity in North America is looking strong heading into summer, and we got an added bonus of positive activity in Europe for May. June looks like more blue skies, but, as always, we will monitor.”