Show Preview
Ebace 2014
high
optimism
Business aviation accounts for over $20 billion to the European economy and employs
more than 1,60,000 people across Europe
Photograph: Ebace show Management
By R. Chandrakanth
A
Avinode Business Intelligence forecasts a positive
year for the business aviation markets in Europe and the United
States in 2014. It forecasts a 0.7 per cent increase in business
jet flights in the US, with positive numbers across most of the
regions. In Europe, despite several years of negative growth,
Avinode predicts that the market will remain flat in 2014 with
a marginal 0.1 per cent growth. The year 2014 is going to be a
mixed bag for the two regions that make up the European continent. Northern Europe which tends towards business travel
is forecast to experience a 0.9 per cent decline in actual flights
22
ISSUE 5 • 2014
during 2014. The more leisure travel oriented southern region,
on the other hand, is predicted to see a flight activity increase of
0.7 per cent next year. After several years of decline this should
be a welcome break for southern Europe, though it will not
bring the region back to the previous high water mark.
Avinode projects that some of the current trends will continue with minor variations, while others will see an about-face
next year. In Europe, the light jet category which encompasses
the entry level light and super light jet sub-categories, will experience a slight decline of 0.5 per cent, brought on primarily by
www.sps-aviation.com