Thursday, May 23, 2024 As EBACE 2024 kicks off in Geneva, ALTEA delves into the key European trends shaping the landscape for business aviation. Amidst a dynamic and intricate journey, owners, operators, FBOs, and aftermarket providers converge to navigate through these influential currents. As global service providers join forces and amalgamate, there’s a notable shift in fleet dynamics.
Aging aircraft are receiving upgrades to seamlessly integrate with modern, technologically advanced models. ALTEA, a specialized firm, highlights that through meticulous refurbishment programs, the industry maintains aircraft values while steadfastly pursuing eco-friendly aviation solutions. “These advances are beginning to create a modern, efficient environment where speed, sustainability, service, safety and connectivity come together to deliver the flying experience that today’s HNWIs, governments, public entities, and businesses demand,” says Andrew Butler , Partner – ALTEA.
Reflecting on the previous twelve months, the business aviation sector has showcased resilience and steadiness amidst a tumultuous and intricate global landscape. WINGX, an aviation data expert, reports a total of 740,152 business aviation flights across Europe in 2023. Despite a slowdown towards the year’s end, compelling evidence indicates the market is stabilizing and reverting to pre-COVID levels.
Paris Le Bourget emerges as Europe’s swiftest-growing airport, closely followed by London (Farnborough .
