Inflation hasn't hurt the private aviation industry, apparently.
“We’re seeing a large rise in corporate travelers,” Benoit Defforge, CEO of Airbus Corporate Jets toldThe company used data from Wing X to identify the level of growth this year, while interviewing 54 senior executives at S&P 500 companies as well as 47 executives at businesses with $500 million-plus in sales. It released its findings a day before the National Business Aviation Association’s BACE conference starts in Orlando.
Seventy-four percent said they plan to make greater use of business-jet travel in the next two years, with one in three respondents planning a “dramatic” increase. More than three quarters of executives of companies without a private jet said increased usage this year could prompt them to buy one instead of chartering or using card programs. Ninety percent of the companies that currently own jets, said the executives, would consider upgrading to a new one over the next five years.