The JSSI Business Aviation Index for the fourth quarter of 2018 reports year-to-date growth of 4.9 percent and an increase of 4.7 percent over the same period in 2017. The index tracks utilization of approximately 2,000 business aircraft worldwide and reports average flight hours flown on a monthly basis by region, industry and cabin type.
Key findings in the fourth-quarter data include:
- Global flight activity recorded a year-to-date increase of 4.9 percent in 2018 and a year-over-year increase of 4.7 percent.
- Regional increases were reported in nearly every segment of the world, with the highest year-to-date increases reported in Africa at 17.4 percent, Europe at 8.8 percent, and South America at 8.1 percent.
- The small cabin segment reported a 6.6 percent year-to-date increase and large cabins reported a 5.3 percent increase. Medium-sized cabins reported a decrease of -4.2 percent.
- Three of the nine industry segments analyzed reported year-to-date increases, with aviation at 9.1 percent, business services at 5.4 percent, and power & energy at 3.6 percent.
- Every aircraft age group analyzed reported a year-to-date jump in flight hours. Newer aircraft with less than five years in service reported the largest increase of 7.2 percent.
- Aircraft operated for compensation or hire (i.e., FAA Part 135), including non-scheduled charter and air-taxi operations, reported a 9.5 percent year-to-date increase and an 11 percent increase in year-over-year activity. Aircraft operated under general operating and flight rules, without compensation or reimbursement for carriage of passengers or cargo (i.e., FAA Part 91), reported a year-to-date decrease of -1.5 percent and a 2 percent increase in year-over-year activity.