How is business aviation coping with the current situation?

[EatMyShorts!]

And that's why it is so important to be organized through a union. Not to bankrupt the company, but to have rules and regulations for the good times and for the bad times.

[Preacher_Av]

who are you seeing shutting up shop? could just mean they just havent had flights for a couple of days now.

[flyer12900]

A certain Biggin Hill based operator. Temporarily suspending its flying.

[Preacher_Av]

Originally Posted by flyer12900

A certain Biggin Hill based operator. Temporarily suspending its flying.

It's scary to see over 20 bizjet operators, some well known organizations, not performing any trip for over 7 days

[dirk85]

The charter operators are going to be affected badly by this. Corporate maybe less so.

[Hodin]

Originally Posted by Preacher_Av

It's scary to see over 20 bizjet operators, some well known organizations, not performing any trip for over 7 days

As far as i can see, the issue is not the demand alone - there are clients that want to fly at the moment. The problem is getting permissions to fly in and actually enter a country with a foreign passport.
I assume, once those restrictions get lifted the biz jets will be flying again, but most likely not in the next 10-14 days.

[Proline21]

It is correct, that travel restrictions and obtaining permissions to operate are the biggest issues nowadays but in gerenal Bizjet traffic is still in high demand and will hopefully pickup asap if bans are lifted. I just cannot imagine and high profile Russian or Arab PAX NOT going to hang out at Olbia, Ibiza, Nice, etc this year. Maybe at a smaller scale but the market is there and demand as well. My 5 cents...

[RedBelt]

Business/private aviation is in a much better position than airlines.
Asia/China is slowly starting to run and the demand for charter/private flights is quite high, nevertheless as already mentioned here, there are many restrictions when flying from one country to another due to permissions, overflies entry restrictions for passengers and crews.
One thing is for sure, companies and wealthy individuals will see the added value of using a business jet based on the current problems, but there are problems to be solved. In Asia the use of business jets needs to evolve and be seen as a positive thing for the country and not as a luxury for the wealthy. The number of companies and operators was severely affected in Asia since mid 2018, some companies just faded away, a lot of pilots (expats) returned back to their countries....this is to say the start will not be easy, whoever was able to survive will have an amazing competitive advantage.
This crisis will shake many week operators/companies with week structures and practices. Operators like NetJets, Flexjet, Vistajet and similar ones, will be able to start operating as soon as demand increases because they actually never stopped completely.
The effect on the different types of operators (fractional, charter, management) will be completely different and only the viable structures will survive.

[HS-125]

I'm not sure if I necessarily agree - none of the big operators have stopped flying as far as i'm aware, it's just that they can't fly

I would have thought it would be the likes of Vista who will struggle most out of all of this - how do you pay for aircraft leases if you don't fly?

At least the major / larger operators have monthly incomes coming in from management fees / Camo and other avenues.

Who will be here in 6 months time? I think we will have a few surprises.

[Oh gaim]

I think vista may have significant problems given the debt fuelled expansion

[RedBelt]

HS-125, when I use the word crisis I mean the world lockdown not the virus itself.
The world has come to a lockdown in late March and what I wrote is based on that.
This world lockdown, if lasts more than 1 month everything that I wrote doesn’t apply because in my opinion the world will collapse

[flyer12900]

HS125 yes, very true which I am struggling to get my head around although they do sell a core part of their product as hours meaning people would have paid up front, however they need to be flying so the customers are using their hours up in order to buy more. I mean, I can count all flights today on one hand.

[Delta12]

Buffetts Berkshire Hathaway just sold lots of their shares of Southwest and Delta Airlines.
Could that affect NetJets as well ?
He has shares of United and American Airlines as well that he did not sell.

[733driver]

Originally Posted by Delta12

Buffetts Berkshire Hathaway just sold lots of their shares of Southwest and Delta Airlines.
Could that affect NetJets as well ?
He has shares of United and American Airlines as well that he did not sell.

Interesting. He tends to do the opposite of what most investors do. I see that Southwest shares have held up relatively(!) well compared to most other airlines. So depending on when they bought they might still make money with the sale. United has lost so much that he probably thinks let's keep it as it can only get better or in the worst case go to nothing which it is already quite close to relative to the price a few months ago. Delta is considered by most to be the best of the big three which probably means it's easier to sell at less of a loss than the other big two. I admit I haven't gone back t check when he bought and at what prices.

If and how any of this relates to NetJets I have no idea. NetJets is not publicly traded so has no share price. Hard to compare it to the airlines.

[chopper2004]

Marshall’s corporate hangar converrted

Hope all are well and in Better news, the corporate / GA hangar on Newmarket road is being converted as contingency morgue . it is the one that used to hold the biannual EbAN event before it moved to Biggin Hill.

Hopefully it will never get used however half mile down the road into city center, there is a funeral home...

https://www.cambridge-news.co.uk/new...ridge-18061789

To more cheerful news, how long realistically can the corporate side Be back up and running once things have smoothed out and tithe curve in Europe flattens out?

Also what about keeping the currency of pilots...

cheers all the best.

[JRK]

chopper, expect big boost to business aviation after the crisis
both demand and supply sides of the equation will be significantly positive for this mode of transport