Wed, Nov 14, 2012
JSSI Report Shows The Americas Remain Steady While Europe Dips
As the United States continues to apparently slowly recover from what many are calling the Great Recession, the business aviation industry can report that it, too, is seeing some improvement, with growth around the world in markets like Asia Pacific (+6.1 percent), Eastern Europe (+10.7 percent) and the Middle East (+3 percent). Flight hours were not as strong for Europe or North America, with a dip of 4.4 percent and 1.6 percent respectively. Africa fared the worst with a loss of 16.9 percent.
JSSI has released a quarterly, in-depth index that tracks the number of hours that business aircraft have flown, by region and aircraft type. "Flight hours are a direct indicator of the overall health of the economy," said JSSI Co-President, Susan Marr. "It's not surprising that North America remained relatively flat, while growth markets like Asia Pacific and Eastern Europe continued with steady growth. The European economy is still very much hampered by the Euro Zone crisis, and our numbers reflect that."
In response to the growth in Asia, JSSI recently announced the opening of its Asian headquarters at the Hong Kong International Airport. The company has also forged a strategic partnership with China Business Aviation Group, China's leading provider of turnkey solutions for aircraft purchases and operations, in order to support JSSI's business development strategies throughout the region.
The business aviation industry has been a political hot button issue of late. But the industry itself, a $150 billion industry, is vital to a healthy U.S. economy. It allows companies large and small the ability to do business on a global scale while supporting more than 2.1 million middle class American jobs.
More News
An Amazing Experience Awaits The Chosen Few... Oshkosh, to us, seems the perfect place to get started on watching aviation recover the past couple of years... and so ANN is putting>[...]
“NBAA has a tremendous responsibility to the business aviation industry, and we are constantly collaborating with them. Our flight departments, professionals and aircraft own>[...]
Dead Reckoning Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed,>[...]
Aero Linx: Vertical Aviation Safety Team (VAST) We are a public–private initiative to enhance worldwide flight operations safety in all segments of the vertical flight indust>[...]
We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]