In fact, unlike the 2008 scenario, when business aviation operators were compelled to offload their assets, this time around, many corporates have chosen to retain their business aircraft as senior company executives remain wary of commercial flights.Īgainst this backdrop, Frost & Sullivan spoke to OEMs and charter operators globally to understand best practices and uncover how business aviation can continue to bridge gaps across a range of travel requirements, both during and after the COVID-19 crisis. In Q1, 2020, flight hours in business aviation registered a significant decline, while many commercial airlines ended up filing for bankruptcy or applying for state bailouts.ĭespite continuing financial losses, brokers and agents have stayed busy in the last quarter, and high net worth individuals (HNWIs) have not sold off their assets. The demand was largely for evacuation/repatriation flights, medical personnel transportation, equipment and supplies, and essential cargo deliveries.

The COVID-19 crisis put business aviation in the spotlight, albeit only somewhat.

Information & Communications Technologies.

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