Managed aircraft saw the largest increase. (08/16/2024)
Global business aviation activity last month climbed by 29% versus the same period in pre-pandemic 2019, according to Jefferies Equity Research. The aircraft management segment saw the largest increase in activity, up 38% from 2019, followed by private flight departments, which saw a 36% boost.
Citing WingX data, the investment firm noted that fractional and charter segment use rose by 31% since July 2019. Flexjet and flyExclusive in particular have gained substantial market share, with their activity increasing by 158% and 154%, respectively, compared with July 2019. NetJets usage rose by 44% in that span, while Wheels Up recorded a 20% decline.