January Bizjet Departures Up but Corporate Flights Drop
North America led gains in business aircraft departures, Jefferies reported
FlyExclusive posted the biggest gains in departures in January among the major fractional and charter operators. © Textron Aviation

Global business jet departures were up 5% year over year (YOY) in January, with North American and European activity increasing 7% and 3%, respectively, according to analyst Jefferies. Citing WingX data, Jefferies also found that departures in the Asia-Pacific region were flat YOY for the month. Flight hours, meanwhile, were up 4% YOY, but the average trip duration was down 1% to about 1.7 hours.

Corporate flight department departures lagged behind other operator types, dipping 9% YOY in January and also down 16% from the same month in 2019. It was the only operator category to fall behind the pre-Covid 2019 benchmark.

Aircraft management departures declined by 1% YOY but were up 48% over the same period in 2019. On the positive side were private flight departments, up 11% YOY and 65% versus 2019, and fractional/charter combined, up 12% YOY and 52% from 2019.

FlyExclusive led the gains among the top fractional and charter operators, up 29%, followed by Flexjet with an 18% gain, and then NetJets and Wheels Up, each seeing 13% YOY increases last month.

Looking at the fleets of the top business jet manufacturers, Embraer aircraft saw the biggest gains, up 12% YOY in January, followed by Bombardier at +6%. Activity involving Textron Aviation and Gulfstream fleets was up 4% for each.