Pilot's Discretion from Sporty's 68. Business aviation trends and new technology, with Brian Foley
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Jan 2, 2024 Aviation analyst and pilot, Brian Foley, discusses the current state of the business aviation market, the fate of Wheels Up, and Cirrus Aircraft’s plan to go public. He also offers realistic advice for rusty pilots and shares his opinions on sustainable aviation fuel, electric airplanes, and the best-looking Falcon jets.
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Business Aviation Got A 10% Lift
- The pandemic gave business aviation a lasting 10% permanent boost in utilization.
- Demand and inventories normalized but remain structurally higher than pre-COVID levels.
Leverage Is The Canary For New Operators
- Younger, highly leveraged aviation companies face the greatest risk in a rising-rate environment.
- Wheels Up showed how high debt and fragile cash flow can force emergency rescues.
Airline-Private Aviation Tieups Are Strategic But Risky
- Airline investments in private aviation can channel high-value customers between platforms.
- Long-term fit is unclear because airlines are built for mass transportation, not private programs.