- 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.