Jet Support Services, Inc. (JSSI) has released the JSSI Business Aviation Index for the second quarter of 2018. The index tracks utilization of approximately 2,000 business aircraft worldwide and reports average flight hours flown on a monthly basis by region, industry and cabin type.
Average per aircraft flight hours in the second quarter of 2018 exceeded the 30-hour ceiling for the first time in a decade.
“As we entered the summer season, one of the strongest periods of the year for flight activity, we fully expected to see an increase in aircraft utilization. However, the continued growth this year has been exceptional.
It’s also encouraging to report that average flight hours for the quarter exceeded 30 hours for the first time since 2008,” said Neil W. Book, president and CEO of JSSI.
The JSSI Business Aviation Index tracks and reports on the global flight activity and utilization of business aircraft, including jets, turboprops and helicopters.
Unlike commercial aviation, which is largely driven by consumer spending, business aviation is a tool needed for efficient travel to conduct core business activities. This utilization data ultimately provides useful insights into the state of global economic conditions.
The full report can be read here.