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- April 22, 2021, 4:11 PM
The business aviation market is starting to rapidly take off, but looming talent shortages and supplier issues cast uncertainty on that recovery, business aviation experts said on Wednesday during a National Air Transportation Association webinar, Air Charter Roundtable: Maximizing Fleet Utilization in a Complex Market.” NorthStar Group managing director Craig Picken noted how 2020 brought “mediocre” results, but mid-January “was like a light switch went on and all of the sudden it came back. For me, 2021 has been on fire. Everyone wants it and wants it now.”
Picken, whose operation provides aviation and aerospace executive recruiting services, added that he is concerned that periods of massive overabundance are followed by periods of massive shortages. This is typically true in aviation as people have left the market, “You are seeing massive shortages,” he said.
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Stop me if you have heard this before: A whole new class of aircraft will democratize and revolutionize seemingly everything, starting with air travel. Will it be advanced air mobility or maybe very light jets?
Aviation consultant Brian Foley recalls the latter while thinking of the former, since both are in the news recently. Disruptive paradigms are not a new threat to aviation, even this century, he notes.
The Eclipse very light jet (VLJ) was intended to make airborne commuting more of a reality before it became a $1.5 billion “smoking crater in the ground.” In November, the U.S. Bankruptcy Court for the District of Delaware authorized the sale of Eclipse Aerospace and the Eclipse Aircraft project to AML Global Eclipse, backed by British businessman Christopher Harborne, for $5.25 million.