Business aviation operations in North America grew 5.5% year-over-year this past August, according to data released by aviation intelligence firm Argus International. The increase in business aviation flights was driven by a 10.9% increase in Part 135 operations. Fractional jet travel (Part 91 K) also saw a large increase, rising by 7% year-over-year.
Part 91 flying continued to lag behind with only a 0.9% increase in August.
All types of aircraft in both the Part 135 and Part 91 segments saw significant increases in August. Leading the way was the large-cabin jet segment with operations up 7.2% from the same period a year before. Mid-size jets, light jets, and turboprops all saw around 5% year-over-year growth in August.
A strong economy and roaring stock market is stimulating demand for private jets, especially in the fast-growing Part 135 segment. Argus predicts business aviation operations in September to rise by 3.2%