Argus: European Bizav Ops Rebound 156% in May
Argus May 2021 data showed that the midsize jet category marked the largest resurgence in Europe, up 227.8 percent year-over-year.
Business aviation activity showed a sharp rebound across all categories in May in Europe with an overall 156.7 percent increase from a year earlier, when traffic had slowed to a trickle as the pandemic took root, according to the latest Argus TraqPak report.
Argus May 2021 data showed that the midsize jet category marked the largest resurgence in Europe, up 227.8 percent year-over-year. Looking at super-midsize jets alone, that increase is even greater at 282.5 percent. Activity was up 197.7 percent for “base” midsize jets. As for the other categories, large-jet activity increased 213.7 percent, while light-jet operations experienced a 168.1 percent rebound.
Turboprops, meanwhile, marked an 83.8 percent increase year-over-year, almost mirroring the 83.7 percent increase they experienced in April. Single-engine turboprops drove this gain in May, up 135.2 percent with multi-engine turboprops posting a more modest 59.3 percent increase in the month—the only category to come in under triple-digit gains.
May business aviation activity in Europe came in 39 percent higher than April and marked increases across all categories. Light-jet activity led the monthly increase at 53 percent with large jets up 33.5 percent and midsize jets higher at 48.5 percent. Turboprop activity further posted a 24.3 percent increase.
Argus expects business aviation activity to be up year-over-year by 52 percent in June.
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