The charter aviation industry is dynamic and constantly evolving, and each new year brings emerging trends. As a private aviation operator, Genesis Aviation has a pulse on what the industry can expect in 2019. We’ve put together a shortlist of what we predict will be important and influential changes within the industry this year – a combination of hard facts and social perceptions that will affect how we fly, and which both travellers and industry professionals should stay ahead of.
- Demand for Charter Travel will Grow. The number of charter flights and charter flight travellers has grown steadily worldwide year after year for almost a decade – a trend that is expected to continue at least until 2023. As commercial airlines continue to optimize flight routes and demand for seats increases, more and more travellers will look to private aviation services to meet their travel needs. Aircraft manufacturers have been producing new planes to address the increase in demand, introducing the Bombardier Global 7000 and Gulfstream G500 in 2018.
- Travellers Will be Younger. There is a wide perception that charter travel is an “old boys club” filled with men aged 50+. While that stereotype may have been somewhat accurate decades ago, the demographics of charter travellers has changed dramatically. The average age of private jet passengers today is 38 (down from age 40 in 2017) and evenly split between men and women.
- Increasing Pilot Shortage. Boeing predicts that the aviation industry will need 790,000 new pilots by 2037 to meet air travel demand, 96,000 of which will be needed to support the business or charter aviation sector (Forbes Magazine). If you or anyone you know is looking to make a career change, now’s the time to become a pilot.
- Unique Destinations will Become More Popular. One of the greatest advantages of charter travel is the ability to reach destinations that commercial travel doesn’t service. As the demographic of private air travellers decreases, the demand for unique vacation experiences goes up. Travellers are foregoing typical vacation destinations in favour of less touristy locations that offer more authentic appeal.
- Technology will Play a Greater Role. As is the case in every aspect of our global culture these days, advances in technology are changing how people travel. When it comes to private aviation, technology is improving booking procedures, making flights safer, and creating virtual offices in the sky, where business travellers are able to live stream and conduct video conferences from 37,000 feet. Satellite based in-flight Wi-Fi is increasingly available, and advancements to cockpit technologies (synthetic vision, active side-kick technology, and infrared spectrum sensors are great examples) have greatly improved safety and situational awareness.
- Commitment to the Environment. The entire aviation industry has been working diligently toward more environmentally stable practices and overall greater sustainability. Efforts to reduce the industry’s carbon footprint has precipitated amazing advancements in the area of alternative and biofuels, and more and more service providers will be participating in efforts designed to address climate change. As the skies become more crowded, aviation must respond to the environmental impact not only for the health of the planet, but to be successful from a business perspective.
For more information on charter travel, its benefits, advantages, possibilities and costs, please get in touch.