Future of Corporate Aviation
I'm very curious to hear from the corporate professionals concerning the state of general & corporate aviation as it now exists and going forward. Is this COVID-19 era going to be another post 9-11 or the aftermath of the 2008 subprime situations? Like all in this industry, I hope we all get to fly another day.
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It’s on “hold” like everything in aviation. Some fractional are seeing increased interest and buyers. OEMs are restarting production and deliveries. Pilot resume quality is up, of course. Last year, most applicants were either long term contractors deciding a full time job was better than higher paid contracting or low quality time builders. Now, more pilots expecting to be furloughed with strong backgrounds and types.
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It will eventually help corporate aviation. We haven’t been flying since March, but the CEO told me to expect us to be flying more when things turn around. They still need people moved and want them on our aircraft and not on the airlines.
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Our flight department has been "stood down" consistent with company policies regarding travel and office time, but all indications are it will be back to normal as soon as the rest of the organization is. In this respect, I think corporate aviation (that survived the purge) won't suffer in the same way other sectors will after reopening. We're just another branch of the company like accounting or marketing. Anything at all could still happen of course, but if the worst is really behind us, I think anyone still standing today is in good shape in the corporate aviation world.
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It'll partially recover, then a slow increase to pre 2020 levels over the next few years.
You'll get new cleaning responsibilities and mask restocking duties. And a few new passengers that travel in level 4 biohazard suits. |
We have been slow since early March, but like others have said - expect to be as busy or busier going forward. Not only the hesitance to fly on an airliner, but also the cut in capacity will probably make the company planes a better option for some folks that might not have normally used it. There is a lot of airline business travel between our city and the home base. Where there used to be four nonstops a day, now there is only one.
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The recovery of private / charter / fractional flights will happen a lot faster than the airlines.
Reduced capacity due to no middle seats, reduced load factors from the general public’s viewpoint from the media’s hysteria and the cuts to stop the hemorrhaging will take 1-2 years; hopefully not longer. HNWI and corporations still have to do business which can easily be done more conveniently for “corporate aviation” than the airlines. Some new procedures and hassles will have to be implemented and dealt with though. All around a descent recovery I hope. Just need us pilots to Not Be Wh**es and lower the bar South Park style, especially individuals that have supplemental incomes and are just looking for some “beer money”. Times might be different now, but please value yourself professionally. |
Right now to get anywhere via airlines they're are fewer direct flights (at least where my people go) so its the corp jet all the way. So depending on schedules at the airlines we will be significantly busier moving more people for the forseable future.
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Originally Posted by Dread Pilot Rob
(Post 3209767)
Right now to get anywhere via airlines they're are fewer direct flights (at least where my people go) so its the corp jet all the way. So depending on schedules at the airlines we will be significantly busier moving more people for the forseable future.
Airlines are coming back after they played the game and got their government cheese. |
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