Utica, NY (PRWEB) September 23, 2021 JETNET will be taking part in the 2021 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) October 12-14, 2021,
- 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.
Why delivery milestones matter
Manufacturers have been celebrating a lot of delivery milestones last week. Bombardier delivered the 50th Global 7500; Gulfstream the 100th G500/G600 family jet; and Textron Aviation its 1,000th 560XL jet series (Cessna Citation Excel, Cessna Citation XLS and Cessna Citation XLS+ models). The G500 only entered service in September 2018 and the G600 in August 2019. The first Global 7500 was delivered in December 2018.
Delivery announcements are more than just a chance to issue a press release. Reaching 50 or more deliveries reassures potential customers that the aircraft is a success.
“When I was selling new Hawkers, there were major flight departments that had arbitrary numbers of 50 to 100 units before they wanted to buy,” says Mike McCracken, of Hawkeye Aircraft Acquisitions.