Tag: aviation

Tailwind Propels Business Aviation in North America

August 7, 2017

The North American market accounts for two-thirds of private jet ownership — and business aviation is on the rise! In fact, American, Canadian, and Caribbean business aircraft operations increased by over 4% in the last year. Midsize jets accounted for most of this activity, and projections show the sector can look forward to similar growth in the future.

Gains were also seen in charter jet activity: Charter flights on midsize and large cabin jets showed significant growth, climbing 14.3% and 12.6%, respectively.

Changes from past periods

Some industry observers compare the existing market with the “Lost Decade” from 1986 to 1996. During this period, new business jet deliveries remained flat at around 350 units each year.

But even if new private jet deliveries remain stagnant over the next few years, industry insiders expect 650 to 750 deliveries annually — about double the output of the so-called Lost Decade. Meanwhile, fewer existing jet owners have found it necessary to try to sell their aircraft since the downturn.

The residual value of jet aircraft has also fallen somewhat with private jets no longer being in short supply. Alternatives to outright full ownership — such as fractional arrangements or membership clubs that allow business owners to charter jets — have supplanted aircraft purchases for some.

And although large cabin aircraft delivery has been low, flights on these models have increased. New Bombardier, Gulfstream, and Dassault models soon to be introduced in this class are expected to boost the market considerably.

In-flight connectivity growth

Businessman with female colleague discussing over laptopWhat else is growing in the business aviation world? At the end of 2016, there were over 19,000 in-flight connectivity (IFC) systems on business and VIP planes. Estimates indicate that this number may double within a 10-year period.

L-band, 4G, and satellite technologies used for connectivity will likely remain popular, and the demand for these technologies is projected to grow. Companies that produce these technologies are expected to keep pace with demand for their products as they deploy more satellites and continue to refine their hardware.

Enhanced connectivity on flights allows for much easier communication, making access to one of these IFC systems a key point for those interested in buying jets, especially for business purposes. Companies that continue to grow on a global scale should help fuel the demand for increasingly sophisticated IFC systems.

Business aviation is set to grow with good tools available to enhance flight experience. These tools help add to the appeal of today’s top private aircraft options.

If you need help buying or selling a jet, contact our sales team at L & L International at sales@L-Lint.com. You can also visit our website anytime or call +1 (305) 754-3313.

Miami Emerges as a Private Aviation Hub

August 2, 2017

Miami is becoming the center of the nation’s private aircraft industry, marrying an exceptional location with extensive aviation infrastructure. Smaller airports, pilot training centers, jet engine parts and service centers, and even a thriving aviation law sector offer private jet owners everything they need for fast, efficient, and luxurious travel in one convenient, beautiful place.

After a century of being a commercial and military aviation hub, Miami is rapidly gaining ground as the center of American private and business air travel, too. Since 2012, Miami-Dade County professionals have been building out the city’s private aviation infrastructure, adding hundreds of aviation-related jobs. The Miami Herald article states, “In the past five years, local aviation-sector jobs have grown from a total of $1.2 billion in payroll to $2 billion, now accounting for one of every four local jobs.” While South Florida is an ideal central hub for international travel in all directions, those in the business community work hard to shine a spotlight on all factors that make Miami-Dade County an ideal location for all things aeronautical.

Private jet on the runway with city in the background

One Community One Goal program

In 2012, the Miami-Dade Beacon Council partnered with the International Air Transport Association (IATA) to launch an initiative to grow private aviation in the region by leveraging existing services and filling in gaps with new industry and opportunities. At the time, the field was ripe for development and, in the intervening years, local leaders have taken full advantage of the aviation assets Miami offers.

Building out existing flight-related overhaul and maintenance, parts distribution, as well as aviation and aerospace training industries has resulted in an economic expansion of more than 20% since the project launched. And for business leaders who rely on private jets for corporate travel, the enhanced services and servicing capacities eliminate the need to travel to more than one site to achieve comprehensive maintenance management.

 

Location, location, location

Along with exceptional services and private jet sales opportunities, Miami’s existing airport facilities also provide a strong foundation for the flourishing industry. Miami International Airport and the city’s smaller public airports offer as much landing space as necessary for the ever-increasing number of public and private planes in need of runways. Consequently, getting in and out of Miami-Dade County is as easy as it is enjoyable.

Miami has emerged as one of the premier hubs for private aviation, and it’s a great time to take advantage of available services. If you’re considering buying or selling a private jet for personal or corporate use, contact the professionals at L & L International in Miami at sales@L-Lint.com, or call us anytime at +1 (305) 754-3313, or visit us online.