The early months of 2024 unveiled a landscape marked by both continuity and shifts for the business aviation industry. While overall flight volumes maintained a striking similarity to the previous year, the nuances across regions and operator types revealed a multifaceted narrative of the industry’s trajectory.
According to WingX Advance, in 2023, global flight activity had dropped by three per cent compared to 2022, aligning with market expectations following the post-pandemic slowdown. Globally, 5.1 million business jet and turboprop flights were recorded, at a 3.4 per cent compound annual growth rate over four years, with North America and Europe contributing 92 per cent of the activity. While business jet traffic decreased by four per cent compared to 2022, turboprop flights surged, particularly in South America and Africa, doubling since 2019. In December 2023, bizjet activity had dropped by three per cent from 2022 but remained 16 per cent higher than December 2019.
Q1 BIZJET ACTIVITY ROUNDUP
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BRIDGING THE GAP IN THE SKIES
Ministry of Defence sets up a committee to address gaps within the Indian Air Force with a focus on Fighter Jet Squadrons UCAVs
"WE SHOULD PUT ALL OUR EFFORTS INTO BEING SELF-RELIANT ON AN AERO-ENGINE 99 AIR MARSHAL TEJINDER SINGH, DCAS
The quest for an indigenous aero-engine remains a challenge despite the initial success of the Kaveri engine. Can it be a national mission? What is needed to achieve a higher thrust of engine for Tejas Mk2 and AMCA? The possibilities are discussed at the TDF DRDO Conference among the leaders and outstanding aerospace scientists at the Conference.
EMBRAER DEFENSE & SECURITY AN EVOLVING GLOBAL LEADER
Embraer Defense and Security’s portfolio exemplifies innovation and versatility, delivering advanced solutions across air, land, sea, space, and cyber domains to meet the evolving demands of global defence
CHINESE SIXTH GENERATION STEALTH FIGHTER: A MYTH OR REALITY
China’s unveiling of the J-36 and J-50 simultaneously demonstrates its ability to rapidly develop and test advanced fighter platforms, signifying its intent to rival the United States in air power projection
DECODING CHINA'S SIXTH-GENERATION FIGHTER AIRCRAFT PROGRAMME
China’s progress in sixth-generation aviation underscores its ambitions to project power far beyond its borders, influencing regional security dynamics and exacerbating the arms race in Asia
ESA'S PROBA-3 MISSION TAKES OFF ON ISRO'S PSLV
PSLV-CS9 vehicle carried European Space Agency’s Proba-3 spacecraft into a highly elliptical orbit as a dedicated commercial mission of NSIL, the commercial arm of ISRO
KLM: THE WORLD'S OLDEST AIRLINE STILL GOING STRONG!
In 1930, KLM began scheduled passenger service between Amsterdam and Jakarta. The Fokker F.XII plane took 10 days to reach, including 81 hours of flying time. It was the world's longest scheduled flight before the Second World War.
SPICEJET'S $90 MILLION DEAL WITH CANADIAN Q400 PLANES
SpiceJet has successfully resolved a significant dispute with Bombardier over a fleet of Q400 turboprop planes in the form of a $90 million settlement, marking the end of a prolonged legal battle that also has broader implications for the Indian aviation sector
TAPPING THE UNCHARTED WATERS
Seaplane services are expected to transform regional connectivity in India, boost tourism, create jobs, and foster economic development, particularly in hard-to-reach coastal and inland regions
FLIGHT PLAN FOR NAVIGATING BUSINESS AIRCRAFT FINANCING
The business aircraft financing market has witnessed significant growth post-pandemic, driven by increased demand for private and chartered flights
