JETSUPPORT.COMQ2 2021
Business Aviation
Index
Intr
oduc
tion
Abo
utFor 30 years, Jet Support Services, Inc. (JSSI), has been the leading independent provider of maintenance programs to the business aviation industry, covering virtually all makes and models of business aircraft, engines, and APUs.
JSSI provides customers with comprehensive, flexible and affordable financial programs and tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine powered aircraft, including business and commercial jets, turboprops and helicopters. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors.
JSSI has always been deeply committed to providing clients and the industry with the highest standard of service and excellence. The JSSI team adds further value by developing the most innovative products and services and expanding into new markets. JSSI publishes a quarterly Business Aviation Index to track flight hours and financial performance of business and commercial aircraft by region, industry and cabin type.
Flight hour activity provides powerful and unique insights into the state of the global economy. The information provided in this report could include technical or other mistakes or inaccuracies. JSSI makes no representations regarding the quality, accuracy, completeness or suitability of the materials on this or any other report, and disclaims any duty to keep this information current or accurate.
Q2 2021 BUSINESS AVIATION INDEX
The JSSI Business Aviation Index tracks and reports on the global flight activity and utilization of approximately 2,000 business aircraft, including jets, turboprops and helicopters. The report calculates the average flight hours flown per aircraft on a monthly basis and organizes this data into several key categories.
The JSSI Business Aviation Index is broken into four primary categories: Industry, Aircraft Type, Geographical Region and Aircraft Age. The data presented in this report is subject to the core variables in our business.
These variables include, but are not limited to: accurate and timely flight hour reporting; customer addition and attrition; fleet demographic changes, such as fleet size or aircraft class; and any geopolitical events that may inhibit timely or accurate data collection.
If you would like to discuss any of the data points or results in more detail, or would like to use this data in your reports, please contact:
Tom Morton Communications Manager [email protected]
Media InquiriesChiara Lawrance / Ali Gibson / Daniel Wiggins8020 Communications+44 (0) 1483 [email protected]
| 1
Con
tent
s
04
10
20
28
30
32
Overall
Industry
Region
Aircraft Type
Aircraft Age
Operator Type
Q2 2021 BUSINESS AVIATION INDEX
| 2| 2
Q1 2
021
R
esul
ts
Q2 2021 BUSINESS AVIATION INDEX
MoM 5.6%May-June
YoY 140.9%
YTD 44.8%
QoQ 22.8%
Month-over-month (MoM)
Refers to the change in average flight hours as a percentage of the previous month's value.
Quarter-over-quarter (QoQ)
Compares average flight hours in the current quarter to the previous quarter.
Year-over-year (YoY)
Compares average flight hours for the quarter with the same quarter in the previous year.
Year-to-date (YTD)
Refers to the change in average flight hours beginning the first day of the current calendar year up to the current date in comparison to the same time period in the previous year.
| 3| 3
15
20
25
30
35
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
26.126.7
29.5
11.1
26.7
20.6
24.5
20.2
29.0
25.7
26.9
24.7
28.1
26.4
27.626.9
27.4
28.9 28.9
22.2
26.7 26.727.6 27.3
28.127.2 27.0
28.7
26.025.4
26.1
21.8
27.6
24.8
AVERAGE FLIGHT HOURS
Q2 2021 BUSINESS AVIATION INDEX
MoM 5.6% YoY 140.9% YTD 44.8%QoQ 22.8%
| 4
-50%
0%
50%
100%
150%
Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21
2.88%
-0.36% -0.90%
1.19% 1.71%
-0.11%
4.35%
-0.26% -2.18%
1.54%
-0.65%
1.48%
-2.42%
3.57%
-0.39%
0.22%
-2.23%
0.42%
-1.45%
2.49% 0.39%
-0.64%-7.84%
6.51% 4.36% 5.07% 5.63%2.2% 2.8%
-3.6%
7.4%1.8%
-3.0%
4.5% 3.1% 0.3%6.8% 4.6%
-14.6%
6.1%1.5%
-3.8% -2.6%
2.3%
-49.9%
85.8%
-2.2%
22.8%
4.2%
-10.0% -11.6%-2.2%
-57.5%
-22.7%
-1.8%
140.9%
-34.5%-27.6%
44.8%
AVERAGEFLIGHT HOURSMoM 5.6% QoQ 22.8% YoY 140.9% YTD 44.8%
Q2 2021 BUSINESS AVIATION INDEX
MoM% QoQ% YoY% YTD%| 5
MoM 5.6%
FLIGHT HOUR ACTIVITY MoM
YoY 140.9% YTD 44.8%
-10%
-5%
0%
5%
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
2.9%
-0.4% -0.2%-0.9%
1.2%1.7%
-0.1%
-3.0%
4.3%
-0.3% -0.1%
-2.2%
1.5%
-0.7%
1.5%
-2.4%
3.6%
-0.4%
0.2%
-2.2%-1.6%
0.4%
-1.4% -1.2%
2.5%
0.4%
-0.6%
-1.6%
-7.8%
-9.3%
6.5%
4.4%5.1%
5.6%
QoQ 22.8%
Q2 2021 BUSINESS AVIATION INDEX
YoY YTDMoM QoQ
| 6
MoM 5.6% QoQ 22.8% YoY 140.9%
-40%
-20%
0%
20%
40%
60%
80%
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
-1.5%
2.2% 2.8%
-2.7% -3.6%
7.4%1.8%
-3.0% -1.3%
4.5% 3.1%
-6.1%-1.1%
0.3%6.8%
-4.5%
0.2%4.6% 2.2%
-2.7%
-14.6%
6.1%1.5%
-3.8% -2.6%
5.4%2.3%
-6.8%-10.8%
-49.9%
85.8%
-2.2%
8.0%
22.8%
YTD 44.8%
Q2 2021 BUSINESS AVIATION INDEX
MoM QoQ YoY YTD
FLIGHT HOUR ACTIVITY QoQ
| 7
MoM 5.6% QoQ 22.8% YoY 140.9%
-50%
0%
50%
100%
150%
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
-0.2% -2.6%
1.3% 0.7%
-1.4%
3.6% 2.6% 2.3% 4.8% 1.9% 3.2%
-0.2% 0.0% -4.0% -0.5%
1.2% 2.6%7.0%
2.3% 4.2%
-11.2% -10.6%
0.9% 0.2% 1.0%
-2.2%-10.5%
-57.5%
-22.7%
-1.8%
140.9%
YTD 44.8%
Q2 2021 BUSINESS AVIATION INDEX
MoM QoQ YoY YTD
FLIGHT HOUR ACTIVITY YoY
| 8
MoM 5.6% QoQ 22.8% YoY 140.9%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
-0.2% -1.4% -0.5% -0.2% -1.4%
1.1% 1.6% 1.8%4.8% 3.3% 3.3% 2.4%
0.0%-2.1% -1.5% -0.8%
2.6%4.8% 3.9% 4.0%
-11.2% -10.6%
0.9% 0.5% 0.7%
0.0%
-10.5%
-34.5%-30.4%
-27.6%
-1.8%
44.8%
YTD 44.8%
Q2 2021 BUSINESS AVIATION INDEX
MoM QoQ YoY YTD
FLIGHT HOUR ACTIVITY YTD
| 9
Companies in this industry include those witha primary purpose to generate revenue throughprivate charter or aviation-related servicesIt also includes companies with a core focus inaviation manufacturing, design or development.
Companies in this industry include marketingand advertising, consulting, legal services, logisticsand shipping, human resources, staffing, leasing,security, outsourcing, and facility management.
Companies in this industry include residentialand commercial construction, bridge androadway construction, excavations, demolitions,and large-scale services supporting theconstruction industry.
Companies that relate to items purchased byindividuals and includes companies involvedwith food production, packaged goods, clothing,beverages, automobiles and electronics.
Companies that engage in the mechanical, physical,or chemical transformation of materials, substances,or components that support the production of afinal product.
Companies that manage money, such as creditunions, banks, credit-card companies, insurancecompanies, accountancy companies, consumerfinancecompanies, stock brokerages, and investment funds.
Companies that provide goods and servicesthat are used to treat patients, including hospitals,pharmaceutical companies, rehabilitationcompanies, or other service providers directlyrelated to the medical system.
Companies that produce coal, oil, natural gas orelectricity, as well as other service providers directlyrelated to the creation or development of powerand energy.
Companies that consist of land and buildingownership and companies involved in the buying,selling, or leasing of retail or personal properties.
Aviation
Business Services
Construction
Consumer Goods
Financial Services
Healthcare
Manufacturing
Power and Energy
Real Estate
MoM 6.17 %QoQ 21.69 %YoY 147.85 %YTD 48.46 %
MoM 9.17 %QoQ 38.06 %YoY 124.89 %YTD 26.67 %
MoM 4.50 %QoQ 11.72 %YoY 99.29 %YTD 43.21 %
MoM 3.39 %QoQ 15.73 %YoY 124.63 %YTD 47.82 %
MoM 4.27 %QoQ 16.32 %YoY 183.72 %YTD 52.32 %
MoM 2.62 %QoQ 29.19 %YoY 66.95 %YTD 29.68 %
MoM 7.63 %QoQ 49.05 %YoY 259.22 %YTD 69.18 %
MoM 13.64 %QoQ 35.75 %YoY 110.20 %YTD 29.99 %
MoM -4.52 %QoQ 0.94 %YoY 120.93 %YTD 44.13 %
Q2 2021 BUSINESS AVIATION INDEX
FLIGHT HOUR ACTIVITY BY INDUSTRY
| 10
10
15
20
25
30
35
40
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
38.2
33.7
13.6
33.0
26.126.7
37.2
25.5
30.9
33.1
27.7
32.8
35.6
31.8
30.2
33.2
30.7
33.5
28.5
34.5
27.3
29.530.4 30.3
32.331.4
29.6
34.2
32.1
34.5
27.528.0
30.6
28.828.2
29.6
31.2
33.7
35.6
30.931.6
27.7
35.1
29.2
32.3
29.9
Description
Companies in this industry include those with a primarypurpose to generate revenue through private charter oraviation-related services. It also includes companies with a corefocus in aviation manufacturing, design or development.
AVIATIONMoM 6.2%= QoQ 21.7%= YoY 147.9%=YTD 48.5%
Q2 2021 BUSINESS AVIATION INDEX
| 11
BUSINESS SERVICES
10
15
20
25
30
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
31.9
21.5
9.6
22.022.5
18.2
28.4
18.4
23.3
28.0
15.6
24.0
27.9
23.7
21.7
26.1
22.0
26.6
24.423.7
22.2
19.6
24.825.024.6
25.9 25.9
27.7
26.5
19.6
24.4
22.7
25.526.1
25.3
22.3
27.2
25.3
20.2
16.5
26.2
28.1
24.2
20.7
27.3
Description
Companies in this industry include marketing and advertising,consulting, legal services, logistics and shipping, humanresources, staffing, leasing, security, outsourcing, and facilitymanagement.QoQ 38.1% YoY 124.9%MoM 9.2% YTD 26.7%
Q2 2021 BUSINESS AVIATION INDEX
| 12
10
15
20
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
22.3
16.7
23.5
8.4
15.2
23.0
21.3
16.1
14.7
23.0
18.218.3
17.117.7
20.5
18.9
19.819.820.4
17.9
15.7
13.8
21.3
14.2
19.3
20.6
16.4
21.2
18.8
22.1
19.2
15.1
19.4
20.420.7 20.6
18.8
21.6
18.7
16.0
13.8
15.0
21.7
16.9
22.6
21.7
Description
Companies in this industry include residential and commercialconstruction, bridge and roadway construction, excavations,demolitions, and large-scale services supporting theconstruction industry.
CONSTRUCTIONMoM 4.5%= QoQ 11.7%= YoY 99.3%= YTD 43.2%
Q2 2021 BUSINESS AVIATION INDEX
| 13
5
10
15
20
25
30
35
40
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
30.7
18.8
35.4
8.4
21.4
32.2
25.3
30.3
23.4
27.1
24.5
26.728.2
27.5
32.3
22.0
28.5
31.1
18.4
25.3
31.532.3
28.9
27.2
30.3
21.3
23.1
30.2
20.0 20.1
27.8
17.7
14.7
30.5
25.8 25.4
27.4
29.628.2
29.2
18.9
15.216.2
24.4
Description
Companies that relate to items purchased by individuals andincludes companies involved with food production, packagedgoods, clothing, beverages, automobiles and electronics.
CONSUMER GOODSMoM 3.4% QoQ 15.7% YoY 124.6% YTD 47.8%
Q2 2021 BUSINESS AVIATION INDEX
| 14
5
10
15
20
25
30
35
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
29.6
20.1
31.6
7.1
22.022.8
23.5
30.1
27.5
23.8
28.8
24.7
26.4
24.0
27.0
20.7
23.823.0
26.225.5
26.1
24.525.0
20.3
23.923.3 23.5
19.7
24.4
22.6
13.9
29.2
27.3
25.6 26.024.8
17.5
30.2
23.5
17.3
Description
Companies that manage money, such as credit unions, banks,credit-card companies, insurance companies, accountancycompanies, consumerfinance companies, stock brokerages, andinvestment funds.
FINANCIAL SERVICESMoM 4.3% QoQ 16.3% YoY 183.7% YTD 52.3%
Q2 2021 BUSINESS AVIATION INDEX
| 15
20
25
30
35
40
45
50
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
44.9
34.3
46.3
20.6
26.5
31.3
39.0
35.2
28.4
35.7
30.1 29.6
38.9
28.4
32.7
26.6
28.2
26.4
30.8
34.834.2
39.2
36.8
35.3
33.032.2
34.9
32.3
30.530.8
32.833.8
29.9
34.2
31.6
27.4
31.2
36.4
26.1
34.7
30.9
Description
Companies that provide goods and services that are used totreat patients, including hospitals, pharmaceutical companies,rehabilitation companies, or other service providers directlyrelated to the medical system.
HEALTHCAREMoM 2.6% QoQ 29.2% YoY 66.9% YTD 29.7%
Q2 2021 BUSINESS AVIATION INDEX
| 16
5
10
15
20
25
30
35
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
29.2
22.1
30.5
6.1
22.5
15.9
13.8
23.0
21.5
26.3
20.0
22.6
25.3
22.2
27.6
19.1
24.1
27.0
20.7
24.123.4
17.9
28.7
17.4
21.922.7
23.623.822.7
21.2
24.0
22.222.521.6
15.1
23.9
22.5
19.9
14.8
27.5
19.6
Description
Companies that engage in the mechanical, physical, or chemicaltransformation of materials, substances, or components thatsupport the production of a final product.
MANUACTURINGMoM 7.6% QoQ 49.1% YoY 259.2% YTD 69.2%
Q2 2021 BUSINESS AVIATION INDEX
| 17
10
15
20
25
30
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
28.6
20.0
31.8
9.5
23.4
22.2
29.9
23.4
18.8
23.4
18.5
22.5
19.0
27.528.2
23.6
27.6
14.515.3
24.9
23.0
26.1
23.9
20.3
21.9
28.2
20.421.2
26.7
24.6 25.1
20.5
27.2
24.324.525.4
19.5
17.3
27.6
30.0
22.6
Description
Companies that produce coal, oil, natural gas or electricity, aswell as other service providers directly related to the creation ordevelopment of power and energy.
POWER AND ENERGYMoM 13.6% QoQ 35.7% YoY 110.2% YTD 30.0%
Q2 2021 BUSINESS AVIATION INDEX
| 18
5
10
15
20
25
30
35
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
28.2
14.7
30.4
6.6
20.7
17.2
27.2
18.3
25.4
22.0
24.8
20.821.0
23.323.2
17.0
14.3
24.7
18.1
23.1
18.8
22.2 22.622.9
17.0
15.5
24.1
22.622.9
15.9
13.1
19.4
24.1
26.3
24.5
22.5
19.8
26.2
21.9
13.5
24.4
20.3
16.4
Description
Companies that consist of land and building ownership andcompanies involved in the buying, selling, or leasing of retail orpersonal properties.
REAL ESTATEMoM -4.5% QoQ 0.9% YoY 120.9% YTD 44.1%
Q2 2021 BUSINESS AVIATION INDEX
| 19
MoM 3.14 %QoQ 23.41 %YoY 137.02 %YTD 49.36 %
Eastern, Western,Northern and Southernregions of Europe
Iran, Asia Minor,Mesopotamia, the Levantand the Arabian Peninsula
All sub-regions of the African continent, including the Northern, Southern, Eastern and Western sub-regions andsurrounding islands of the continent
All of the ASEAN countries, East Asia, the Pacific Islands,and the SAARC countries
United States of America,Canada and surroundingislands and territories
North America
MoM 15.54 %QoQ 34.88 %YoY 129.70 %YTD 30.35 %
MoM -9.88 %QoQ -2.92 %YoY 256.16 %YTD 92.09 %
MoM 6.13 %QoQ 10.05 %YoY 179.72 %YTD 53.73 %
MoM 10.12 %QoQ -3.89 %YoY 237.43 %YTD 44.49 %
MoM 6.45 %QoQ 8.02 %YoY 75.39 %YTD 16.72 %
MoM 0.70 %QoQ 6.15 %YoY 65.01 %YTD 9.26 %
Europe
Middle East
Asia-Pacific
South America
Venezuela, Colombia, Ecuador, Peru, Bolivia, Paraguay, Brazil, Argentina, Chile, Uruguay and surrounding islands
Africa
Q2 2021 BUSINESS AVIATION INDEX
Mexico & Central AmericaBelize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Mexico
FLIGHT HOUR ACTIVITY BY REGION
| 20
10
20
30
40
50
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
46
23
51
7
4443
39
23
39
46
29
26
31
28
51
38
35
29
40
34
43
46
3432
49
39
45
3436
37
4141
44
37
3031
35
25
36
33
30
38
30
16
24
41
36
48
4442
34
29
37
35
Africa Asia-Pacific Europe Middle East North America South America
Description
All sub-regions of the African continent,including the Northern, Southern,Eastern and Western sub-regionsandsurrounding islands of the continent
AFRICAMoM 10.1% QoQ -3.9% YoY 237.4% YTD 44.5%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 21
10
20
30
40
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
42
13
8
22
25
17
20
31
20
23
2626
24
21
27
23
29
13
23
26
28
242425
2423
12
21
32
29
26
22 2223
19
36
23
30
2423
16
9
27
29
26
24
21
26
2321
23
20
37
29
Africa Asia-Pacific Europe Middle East North America South America
ASIA-PACIFICMoM 0.7% QoQ 6.2% YTD 9.3%
Description
All of the ASEAN countries, East Asia,the Pacific Islands, and the SAARCcountries
YoY 65.0%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 22
5
10
15
20
25
30
35
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
33.2
24.2
6.8
25.0
20.1 20.3
16.8
24.5
30.6
25.925.0
22.2
27.8
24.8
21.4
25.726.2
20.721.2
22.7
27.9
25.3
23.223.9
23.1
25.0
26.6
24.7
19.0
29.4
22.3
19.1
25.1
21.5
25.1 25.323.9 23.7
19.5 19.0
26.4
18.4
Africa Asia-Pacific Europe Middle East North America South America
YTD 92.1%
Q2 2021 BUSINESS AVIATION INDEX
Belize, Costa Rica, El Salvador,Guatemala, Honduras, Nicaragua,Panama and Mexico
MEXICO & CENTRAL AMERICAMoM -9.9%=QoQ -2.9%= YoY 256.2%
Mexico &Central America
| 23
15
20
25
30
35
40
45
50
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
35.4
39.4
45.1
17.1
44.6
35.6
24.6
39.8
35.336.1
29.9
43.8 44.4
36.1
25.3
29.2
44.3
36.8 36.9
40.0
32.933.8
35.0
25.1
28.4
30.5
28.4
33.2
27.0
32.0
41.2
34.7
27.726.9
29.1
30.729.6
32.631.1
36.2
40.842.2
40.4
42.8
37.9
42.2
37.6
26.2
37.037.9
Africa Asia-Pacific Europe Middle East North America South America
EUROPEMoM 15.5% QoQ 34.9% YoY 129.7%
Description
Eastern, Western, Northern andSouthern regions of Europe
YTD 30.4%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 24
MIDDLE EAST
10
20
30
40
50
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
41
20
48
11
32
37
24
19
32
30
3434
21
2526
35
22
24 252626
22
27
2928
31 31
2828
18
36
28 2830 30
22
34
2929
3129
29
3231
28
2523
21
39
30
26
29
25 25
Africa Asia-Pacific Europe Middle East North America South America
MoM 6.4% QoQ 8.0% YoY 75.4%
Description
Iran, Asia Minor, Mesopotamia, theLevant and the Arabian Peninsula
YTD 16.7%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 25
NORTH AMERICA
10
15
20
25
30
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
33.4
25.1
10.6
24.2
22.8
28.6
25.4
29.0
25.2
22.8
26.526.826.5
25.3
26.5 26.126.3
22.2
25.925.225.2
25.8
23.2
27.727.7
18.2
25.8
19.6
30.3
25.6
20.3
24.9
26.527.4
26.1
22.2
Africa Asia-Pacific Europe Middle East North America South America
MoM 3.1% QoQ 23.4% YoY 137.0%
Description
United States of America, Canada andsurrounding islands and territories
YTD 49.4%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 26
0
5
10
15
20
25
30
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Q117
Q217
Q317
Q417
Q118
Q218
Q318
Q418
Q119
Q219
Q319
Q419
Q120
Q220
Q320
Q420
Q121
Q221
29.4
15.9
5.7
17.6
26.3
13.8
20.1
18.3
20.7
23.2
18.7
16.217.3
18.7
20.520.6
24.0
19.3
16.0
18.9
16.617.8
17.017.8
17.1
14.914.0
21.8
15.3
22.7 22.3
19.1
14.914.0
13.1
19.518.6
17.416.7
Africa Asia-Pacific Europe Middle East North America South America
SOUTH AMERICAMoM 6.1% QoQ 10.1% YoY 179.7%
Description
Venezuela, Colombia, Ecuador, Peru,=Bolivia, Paraguay, Brazil, Argentina,=Chile, Uruguay and surrounding islands
YTD 53.7%
Q2 2021 BUSINESS AVIATION INDEX
Mexico &Central America
| 27
27.4%QoQ
54.8%YoY
22.6%YTD
FLIGHT HOUR ACTIVITYBY AIRCRAFT TYPE
20.1%QoQ
22.6%QoQ
27.1%QoQ
182.4%YoY
132.4%YoY
141.6%YoY
40.6%YTD
62.6%YTD
60.9%YTD
5.03%MoM
4.85%MoM
8.73%MoM
5.05%MoM
Q2 2021 BUSINESS AVIATION INDEX
Helicopter
This aircraft type leverages rotors to supply lift and can take off and land vertically. The aircraft’s attributes allow it to hover, fly forward and laterally, and operate in areas and regions where fixed-wing aircraft cannot
Large Cabin This aircraft type is classified as any aircraft with a maximum take-off weight of 38,000 pounds or greater.
Medium Cabin
This aircraft type is classified as any aircraft with a maximum take-off weight between 20,000–38,000 pounds.
Small Cabin
This aircraft type is classified as any aircraft with a maximum take-off weight below 20,000 pounds.
| 28
20
25
30
35
2008 2010 2012 2014 2016 2018 2020 2022
27.3
20.7
35.3
18.6
32.2
23.7
33.5
26.9
23.8
32.331.8
25.6
29.6
24.6
33.7
26.7
20.5
33.0
28.3
30.6
29.4
31.4 31.330.6
29.830.2
30.6 30.8
29.8
25.7
28.5
24.4 24.625.4
22.8
27.027.7
25.2
22.4
25.8
27.8
21.9
16.2
23.6
26.1
23.2 23.023.223.2
20.4
26.0
23.2
20.7
MoM 5.6% QoQ 23.3% YoY 145.9%
AVERAGE FLIGHT HOURS BY AIRCRAFT TYPE
YTD 49.2%
Q2 2021 BUSINESS AVIATION INDEX
Helicopter Large Cabin Medium Cabin Small Cabin
| 29
125.5%YoY
13.1%YTD
FLIGHT HOUR ACTIVITYBY AIRCRAFT AGE
17.4%QoQ
20.2%QoQ
23.6%QoQ
153.8%YoY
139.5%YoY
133.2%YoY
57.6%YTD
53.3%YTD
48.2%YTD
10.23%MoM
3.93%MoM
2.18%MoM
30.5%QoQ
6.07%MoM
Q2 2021 BUSINESS AVIATION INDEX
| 30
15
20
25
30
35
40
45
2008 2010 2012 2014 2016 2018 2020 2022
42.7
24.5
22.3
36.4
31.4
38.237.0
33.934.6
33.2
36.3
32.7
38.1
36.0
32.4 32.0
26.4
28.8
26.9 26.9
28.5
26.0
28.527.5
28.127.728.6
28.0
22.2
16.8
23.4
27.2
25.326.4
20.7
25.4
21.4
25.6
20.3
26.1
15.3
22.721.5
24.023.1
23.9
21.8
23.422.8
23.6
MoM 5.6% QoQ 22.8% YoY 140.9%
AVERAGE FLIGHT HOURS BY AIRCRAFT AGE
YTD 44.8%
Q2 2021 BUSINESS AVIATION INDEX
0 to 5 6 to 10 11 to 15 15+| 31
Description
FAR Part 91 operators follow regulations defined bythe U.S. Federal Aviation Administration (FAA) foroperation of aircraft. FAR Part 91 governs theoperation of non-commercial aircraft.
-50%
0%
50%
100%
150%
200%
250%
300%
Africa Asia-Pacific Central America Europe Middle East North America South America
12.02%
-1.63% -6.92%
7.20%
50.76%
3.35%12.80%
37.1%
244.0%
25.5%
325.1%
77.1%
281.7%
96.7%
269.0%
123.4%
184.7%
27.4% 22.2%
79.2%
14.3%
159.2%
34.6%51.8%
FLIGHT HOUR ACTIVITY BY REGION (PART 91)
YoY 130.5%QoQ 22.4%MoM 3.2%
Part 91 Part 135
YTD 36.9%
Q2 2021 BUSINESS AVIATION INDEX
MoM QoQ YoY YTD| 32
Description
FAR Part 135 operators follow regulations defined bythe U.S. Federal Aviation Administration (FAA) foroperation of aircraft. FAR Part 135 governs certaintypes of commercial aircraft, such as non-scheduledcharter and air-taxi operations.
-50%
0%
50%
100%
150%
200%
250%
Africa Asia-Pacific Central America Europe North America South America
12.41%6.34%
-20.42%
3.98% 2.74% 2.74%
17.8% 20.2%27.2% 21.8%
5.3%
112.7%
176.3%
206.7%195.4%
144.1%
238.8%
3.1%
31.1%
120.3%
56.3%65.5% 69.9%
FLIGHT HOUR ACTIVITY BY REGION (PART 135)
YoY 152.5%QoQ 18.5%MoM 1.5%
Part 91 Part 135
YTD 67.6%
Q2 2021 BUSINESS AVIATION INDEX
MoM QoQ YoY YTD| 33
AVERAGE FLIGHT HOURS BY FLIGHT PROFILE
10
15
20
25
30
35
40
2008 2010 2012 2014 2016 2018 2020 2022
26.7
16.1
12.4
25.6
21.9
18.5
23.622.3
18.3
24.024.3
22.5
25.0
23.3
37.2
34.2
24.0
34.1
28.1
30.7
32.9 32.832.2
29.9
32.8
28.6
30.6 31.1
MoM 2.5% QoQ 20.8% YoY 143.4% YTD 52.2%
Q2 2021 BUSINESS AVIATION INDEX
Part 91 Part 135 | 34
| 34
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