Aircraft
Argus: Global Bizav Operations See July Momentum
Business aircraft flights were up 3.7% YOY in July
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Global business aircraft flight activity climbed 3.7% year over year (YOY) in July, with the North America region alone matching that gain, according to the latest TraqPak report from industry analyst Argus International. Europe, meanwhile, experienced its third consecutive YOY increase in July, up 1.8%. With that momentum, Argus expects flight activity this month in North America to be up 2% and in Europe by 0.2% YOY.

“July activity continues to show a very strong market for business aviation in North America and beyond,” said Travis Kuhn, senior v-p of software at Argus. “Normally, we see a slowdown in traditional business jet travel in August, and we expect that again this year. We still expect activity to gain on a macro level, but when we correct for holiday impacts, we should see activity decline slightly in August.”

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