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UK executive jet industry in crisis
15 May 2009
According to figures released by the UK’s CAA, executive jet use fell by more than 20% in the last quarter of 2008 as the sector bears the brunt of the economic downturn and the backlash against corporate excess.
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CAA
Civil Aviation Authority
Heathrow
business jets
Figures released today by the UK’s Civil Aviation Authority (CAA) point to a crisis in business aviation, an industry which has been hard hit by the recession and the public backlash against corporate excess.
Executive jet use in the UK declined by more than 20% during the last quarter of 2008, marking the end of an 11-year boom period for the business aviation industry.
In addition to the drop in executive jet use, the commercial sector has also suffered from falling demand, with business travellers increasingly downgrading from...
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