Every year, the business aviation industry sets a series of expectations based on the results of the prior year. Weeks away from 2020, a series of trends have become sticky talking points for leaders in conferences and media outlets during 2019. A commitment to “go green” is has become a commonly voiced opinion among stakeholders. But there’s more, let’s take a look at what 2020 might have in store for the business aviation market.
Private flight is starting to reach new sectors thanks to efficiency and flexibility. Small to medium companies are starting to experience the value of using private air. The market is providing more and more cost-efficient aircraft with the capability to land in remote locations, and save money when compared to commercial flights that need multiple legs to get to a destination.
On-Demand Charter Flights
Long-term deals and rigid memberships don’t align with the up and coming generation of business flight users. The recent acquisitions of PrivateFly by Directional Aviation and JetSmarter by Vista Global, are a sign of a move towards an on-demand model. It’s a move towards flexibility that offers more value to both operators and brokers.
More and more international players are joining the U.S. and European markets. Brazil, for example, has the second-largest pool of executive fleet aircraft in the world. The BRICS: Brazil, Russia, India, China, and South Africa, are all big countries with booming economies. Private aviation will continue its role of serving as a gap filler for underdeveloped commercial aviation schedules and infrastructure.
Electrical vertical takeoff and landing (eVTOL) aircraft are closer to operating than many realize. For 2020 it is on the top of the private aviation agenda. Big time manufacturers like Bell and Embraer are committed to making it happen. These aircraft would work best for short-range or urban flight, especially in densely populated cities.
Going green is still trending. More and more stakeholders are demanding more sustainable aviation practices. Brand values influence consumer behavior and aviation is no exception. More efficient aircraft that run with less noise are getting research investment from Airbus, Rolls-Royce, and Siemens. Improving aircraft efficiency will reduce the carbon footprint, and leading players Gulfstream and Bombardier are trying to make an impact by looking to more effective flight plans to reduce fuel burn.