A pick-up in leisure trips and easing European travel restrictions are driving demand for business jet flights this summer, fueling cautious hopes for a rebound in an industry hit hard by the coronavirus pandemic, executives and forecasters said.
FILE PHOTO: A business jet is refuelled at the Henderson Executive Airport during the National Business Aviation Association exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker
Adam Twidell, chief executive at Private Fly, a global booking service for charter flights, said his company’s booking levels are around 80% of last year’s mark in Europe, and over 100% in the U.S., helped by inquiries from new passengers. “Personal travel is the driving force on both continents at the moment as business travel continues to be down significantly,” said Patrick Gallagher, a marketing executive for Berkshire Hathaway Inc’s NetJets, which is seeing improved European demand following the easing of travel restrictions last month.
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