
JetNet Survey Sees High Optimism in Bizav Market
The second quarter results are the most positive since the launch of the survey in 2011.
Seventy percent of the 450 business aircraft operators surveyed by JetNet iQ to date this quarter believe the current market cycle is now past the low point, managing director Rollie Vincent said recently at the annual JetNet IQ Summit in White Plains, New York. “In seven and a half years of doing this work, we’ve never seen stronger numbers,” he told the audience. “We’ve been in the doldrums the past several years, but we’re very optimistic about what we are seeing.”
Yet, the company noted, not all was positive. The approximately 4.5 million cycles by the U.S. business jet fleet last year were accomplished by more than 14,000 aircraft; in 2003, fewer than 9,000 business jets achieved that number of cycles. “This is something that gives us a bit of concern about business aviation,” said Cardarelli. “We’d like to see this [per-aircraft] utilization back where it once was.”