Welcome!

News Feed Item

Business Aviation Rebounds in Second Quarter

CHICAGO, Aug. 21, 2014 /PRNewswire/ -- Following a tepid performance in the first quarter of 2014, business aviation made a strong comeback in the second quarter of the year. According to JSSI's Business Aviation Index, Q2 2014 global business aviation activity grew by 8 percent QoQ and by 3 percent YoY.

Jet Support Services, Inc. (JSSI), the world's leading provider of maintenance support and financial services to the business aviation industry, tracks the number of hours that business aircraft have flown by region, industry and aircraft type and releases it on a quarterly basis.

"After a tough first quarter, economic activity in the U.S. has picked up considerably, translating into a corresponding uptick in business aviation," said Neil Book, President & CEO, JSSI. "Consumer spending increased, leading to increases in hiring and inventory levels. With corporate investments on the rise and businesses feeling more confident about the prospects for future economic growth, it is no surprise that the use of business aircraft, as tools for generating additional business, is on the rise, as well."

JSSI Index: By Industry

At the industry level, all but the Power & Energy and Real Estate sectors experienced growth since last quarter, with many sectors experiencing double-digit percentage gains. On a year-over-year basis, however, only Aviation, Financial Services and Healthcare saw positive growth.

"The strong growth in output among U.S. manufacturers helped to boost not only the broader U.S. economy but also business aviation in that sector and beyond," noted Mr. Book.

Industry

Year-over-Year

Quarter-over-Quarter

Aviation

5%

7%

Business Services

0%

11%

Construction

-9%

6%

Financial Services

6%

14%

Healthcare

8%

19%

Manufacturing

-8%

14%

Power & Energy

-3%

-1%

Real Estate

0%

-4%

JSSI Index: By Region

From a global perspective, every region experienced positive growth in flight activity on a quarter-over-quarter basis, including Europe, which saw the highest growth (23 percent) for the quarter. Only the Middle East/Africa saw a slight decline on a year-over-year basis.

Region

Year-over-Year

Quarter-over-Quarter

Asia-Pacific

14%

2%

Europe

11%

23%

Latin America

11%

8%

Middle East/Africa

-3%

3%

North America

2%

4%

JSSI Index: By Aircraft Type

By aircraft type, all segments grew on a year-over-year basis, with only the Single-Engine Turboprop segment lagging on a quarter-over-quarter basis.

Aircraft Type

Year-over-Year

Quarter-over-Quarter

Helicopter

5%

39%

Large Cabin

6%

5%

Medium Cabin

2%

3%

Single-Engine Turboprop

1%

-19%

Small Cabin

3%

12%

With the onset of spring and nicer weather, helicopters saw a large increase in utilization, highlighting just how hard-hit the segment was as a result of the harsh winter conditions seen in Q1 2014.

"Because helicopters operate at lower altitudes and many lack the advanced de-icing systems that are found on jets, they often do not share the same capabilities of jets to operate in inclement weather," added Mr. Book.

About Jet Support Services, Inc. 
Founded in 1989, JSSI is the only hourly cost maintenance provider covering virtually all makes and models of business aircraft, engines and APUs. JSSI provides its customers with comprehensive, flexible and affordable financial tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine-powered aircraft, including jets, turboprops and turbine-powered helicopters. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors. For more information, please visit www.jetsupport.com.

Contact:
Anne Donohoe / Marj Rose
732.620.0033 / 214.862.8992
[email protected] / [email protected]

SOURCE JSSI

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.