What Happened
Global Activity Increases But Momentum Slows Down
Global business aircraft activity saw a 3.1% increase in May, according to Argus International. Despite higher fuel prices and other rising costs, business jet demand appears to be undeterred. However, the momentum is expected to slow down in June, which may signal a seasonal fluctuation in the market. The increase in activity was reported by Aviation International News, citing data from Argus International.