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| An Embraer Phenom 100 business aviation jet. Photo: Embraer |
[Avionics Today 08-22-2014] Following a period of lower activity in the first quarter of 2014, business aviation made a strong comeback in the second quarter of the year, according to a report published by Jet Support Services Incorporated (JSSI). According to JSSI’s Business Aviation Index, second quarter 2014 global business aviation activity grew by 8 percent quarter-over-quarter and by 3 percent year-over-year. A provider of maintenance and financial services to the business aviation industry, JSSI tracks the number of hours that business aircraft have flown according to region, industry and aircraft type.
“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 and CEO of 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.”