BUSINESS AVIATION FLIGHT HOURS AT AN ALL-TIME LOW, SAYS JSSI
Latest month-on-month activity drops 69.3% due to COVID-19
CHICAGO, May 19, 2020 – Business aviation utilization has reached a record low, according to Jet Support Services, Inc. (JSSI), as highlighted by a single-digit monthly flight hour average of 5.9 per aircraft across JSSI’s entire portfolio in April, marking a first for the company. Following its quarterly Business Aviation Index publication, JSSI has released April 2020 data revealing changes in global flight activity and utilization of business aircraft, including jets, turboprops and helicopters between March and April 2020.
The key findings are:
Discussing the April figures, Neil Book, president and CEO of JSSI, said:
“March flight hours saw the largest decline since the global financial crisis of 2008. April’s flight hours are the lowest we have on record, down more than 75% compared to April 2019 and demonstrating the true impact of global lockdown restrictions and border closures since their implementation.”
“Asia Pacific was the first region struck by COVID-19 and shut down the earliest. As the region has begun to reopen, flight hours in April have had a modest rebound. As a number of countries begin to ease restrictions and borders begin to reopen, we expect to see a slow but steady increase in flight hours worldwide for the month of May. However, we simply do not know how long it will take to get back to 2018 and 2019 levels. The time to market with an effective treatment or vaccine will clearly be the driver of this timeline.”
“In April, the healthcare industry had the strongest flight hours. This could allude to the utilization of these aircraft for air ambulance and medical supply transportation, a trend continued from our Q1 2020 analysis.”
“The largest demographic of business jet owners are males over the age of 60, who fall into a “high-risk” category for COVID-19. I’ve had extensive conversations with clients who’ve said they are going to significantly reduce their flying, because they simply will not be attending conferences or staying at hotels at least for now.
“With that said, we are already seeing a significant number of new users migrating to a wide range of business aviation options, such as jet card, charter, fractional and even outright ownership. For many businesses and individuals with the resources, the health risks associated with walking through a commercial airport with thousands of people and getting onto a commercial flight is simply too great.”
Chiara Lawrance / Ali Gibson
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About Jet Support Services, Inc.
Jet Support Services, Inc. (JSSI), is a 2020 US Best Managed Company. For over 30 years, JSSI has been the leading independent provider of maintenance support and financial services to the business aviation industry. The company offers hourly cost maintenance programs to manage the often unpredictable costs of operating virtually all makes and models of aircraft, engines and auxiliary power units (APUs). JSSI is responsible for maintaining in excess of 2,000 business jets, turboprops, regional jets and helicopters across the globe and serves customers through its unique infrastructure of expert technical advisors.
JSSI’s portfolio of companies leverage this extensive technical knowledge, maintenance buying power and data to support every stage of the aircraft life cycle, from aircraft acquisition to disassembling and parting out the aircraft. JSSI Parts & Leasing sells aircraft parts, provides lease engines and APUs, and offers supply chain solutions as a service to large fleet operators. Additionally, JSSI’s technical experience and global reach powers a complete range of consulting and digital services utilized by operators, aircraft brokers, and service providers across the industry.
Other JSSI services:
JSSI Parts & Leasing provides aircraft parts, leasing and supply chain solutions. From a single bolt to a complete engine, customers gain access to a vast inventory of aircraft parts, engines and APUs and a global vendor network to source assets for anything that flies. All backed by the buying power and expertise of one of the largest purchasers of parts and maintenance services in the aviation industry. For more information, visit jssiparts.com.
JSSI Advisory Services utilizes JSSI’s technical expertise and global network to inspect aircraft, perform ASA-certified on-site and desktop appraisals, assist with maintenance cost planning, manage maintenance events, and provide insurance claims management. JSSI’s dedicated Asset Monitoring Platform (AMP), is available to aviation lenders as a tool to assist in the mitigation of risk and the management of financed aircraft. For more information, visit jetsupport.com/advisory-services.
Conklin & de Decker, a JSSI company, is a leader in aviation research, consulting and education. The mission of Conklin & de Decker is to enable the general aviation industry to make more informed decisions when dealing with the purchase, operation and disposition of aircraft by furnishing objective and impartial information. For more information, visit conklindd.com.
Tracware Limited, a JSSI company, is an innovative developer and global provider of aviation process control software to clients including continuing airworthiness management organizations (CAMOs), aircraft and component maintenance, repair and overhaul (MRO) providers, original equipment manufacturers (OEMs) and parts distributors. Tracware’s Aerotrac software offers a 360-degree view of all MRO functions and brings complete control to business processes. For more information, visit tracware.com.