Family offices are seeking private aviation travel options to support their increasingly global profile, according to new research commissioned by Airbus Corporate Jets (ACJ). According to the report, almost 70% of family offices surveyed have established operations in multiple jurisdictions.
Researchers questioned senior executives managing a combined $303 billion in assets, with 96% of respondents saying their use of private aircraft has increased over the past two years. Looking toward the next two years, 85% said they expect their use of private aircraft to increase by a further 50% to 100%.
Among the most commonly identified drivers of expanded business aircraft use is that family members the offices serve are living abroad full or part time. Of the family office executives interviewed, 89% reported saving between two and three hours per trip by using private aviation instead of scheduled airlines, with 92% saying this mode of transportation makes them at least 25% more productive.
According to Airbus Corporate Jets, which markets VIP versions of Airbus narrow- and widebody airliners, 43% of survey respondents said they expect to boost their use of large jets by between 50% and 70%. Some 55% said they plan to increase trips in midsize business jets, and 32% anticipate increased demand for light jets—all by similar margins.
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