Business Aviation Index - Roxhill Media

JETSUPPORT.COMAPRIL 2020

Business Aviation

Index

Intr

oduc

tion

Abo

utFor 30 years, Jet Support Services, Inc. (JSSI), has been the leading independent provider of maintenance programs to the business aviation industry, covering virtually all makes and models of business aircraft, engines, and APUs.

JSSI provides customers with comprehensive, flexible and affordable financial programs and tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine powered aircraft, including business and commercial jets, turboprops and helicopters. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors.

JSSI has always been deeply committed to providing clients and the industry with the highest standard of service and excellence. The JSSI team adds further value by developing the most innovative products and services and expanding into new markets. JSSI publishes a quarterly Business Aviation Index to track flight hours and financial performance of business and commercial aircraft by region, industry and cabin type.

Flight hour activity provides powerful and unique insights into the state of the global economy. The information provided in this report could include technical or other mistakes or inaccuracies. JSSI makes no representations regarding the quality, accuracy, completeness or suitability of the materials on this or any other report, and disclaims any duty to keep this information current or accurate.

APRIL 2020 BUSINESS AVIATION INDEX

The JSSI Business Aviation Index tracks and reports on the global flight activity and utilization of approximately 2,000 business aircraft, including jets, turboprops and helicopters. The report calculates the average flight hours flown per aircraft on a monthly basis and organizes this data into several key categories.

The JSSI Business Aviation Index is broken into four primary categories: Industry, Aircraft Type, Geographical Region and Aircraft Age. The data presented in this report is subject to the core variables in our business.

These variables include, but are not limited to: accurate and timely flight hour reporting; customer addition and attrition; fleet demographic changes, such as fleet size or aircraft class; and any geopolitical events that may inhibit timely or accurate data collection.

If you would like to discuss any of the data points or results in more detail, or would like to use this data in your reports, please contact:

Charlie Rubinowicz Advisory Services [email protected]

Tom Morton Communications Manager [email protected]

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Con

tent

s

05

09

19

27

29

31

Overall

Industry

Region

Aircraft Type

Aircraft Age

Operator Type


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April

2020

R

esul

ts


MoM -69.3%

YoY -77.5%

YTD -27.2%

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-78.8%

-84.0%

Power & Energy MoM Decrease

North America YoY Decrease

Europe YoY Decrease

-84.1% -48.5%

Asia-PacificMoM Decrease

Financial Services MoM Decrease

Hig

hlig

hts

Aviation YoY Decrease

-78.2% -76.9%


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Accepted set by MarieHackert

5

10

15

20

25

4/30/2018

5/31/2018

6/30/2018

7/31/2018

8/31/2018

9/30/2018

10/31/2018

11/30/2018

12/31/2018

1/31/2019

2/28/2019

3/31/2019

4/30/2019

5/31/2019

6/30/2019

7/31/2019

8/31/2019

9/30/2019

10/31/2019

11/30/2019

12/31/2019

1/31/2020

2/29/2020

3/31/2020

4/30/2020

25.7

5.9

27.9

24.0

27.2

25.3

23.6

26.7

24.2

26.225.1

23.2

25.8 25.524.8

23.0

26.5 26.8

25.426.1 26.3

27.1

23.3

19.2

26.3

AVERAGE FLIGHT HOURSMoM -69.3% YoY -77.5% YTD -27.2%


| 5

MoM YoY YTD

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

2018Apr

2018May

2018Jun

2018Jul

2018Aug

2018Sep

2018Oct

2018Nov

2018Dec

2019Jan

2019Feb

2019Mar

2019Apr

2019May

2019Jun

2019Jul

2019Aug

2019Sep

2019Oct

2019Nov

2019Dec

2020Jan

2020Feb

2020Mar

2020Apr

-1.5%

2.3% 0.9%5.0%

-3.8%-5.6%

5.5%

-4.6% -4.9%

2.4%

-4.9%

10.8%

0.4%

-1.5%

1.9% 3.5%

-0.4%

-7.5%

1.5%

-9.0%

3.5%

-3.0%-1.2%

-16.7%

-69.3%

FLIGHT HOUR ACTIVITY MoMMoM -69.3% YoY -77.5% YTD -27.2%


| 6

MoM YoY YTD

FLIGHT HOUR ACTIVITY YoYMoM -69.3% YoY -77.5% YTD -27.2%


-

10%2.5% 1.9% 1.3%

0%-0.2% -0.0% -1.8% -0.8% -2.2% -0.7% -0.8% -2.4%

-4.4%-10% -6.5% -6.0%

- =8.6% -9.9% -9.8% -8.8%10.7% -11.0% -11.6% -12.2%

-14.6%-20%

-30% -26.6%

-40%

-50%

-60%

-70%

-80% -77.5%

2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr

| 7

MoM YoY YTD

FLIGHT HOUR ACTIVITY YTDMoM -69.3% YoY -77.5% YTD -27.2%


5%2.5%

1.2% 0.8% 1.1% 0.5% 0.2% 0.0%0%

-0.1% -0.0% -0.5% -1.1% -1.1%

-5% -4.2%

-6.0%

-10%

-10.9% -10.4% -10.3% -9.8% -9.8% -10.3% -10.4% -10.5% -10.7%-12.0%

-15%

-20%

-25%

-27.2%-30%

2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr

| 8

Companies in this industry include those witha primary purpose to generate revenue throughprivate charter or aviation-related servicesIt also includes companies with a core focus inaviation manufacturing, design or development.

FLIGHT HOUR ACTIVITY BY INDUSTRY

Companies in this industry include marketingand advertising, consulting, legal services, logisticsand shipping, human resources, staffing, leasing,security, outsourcing, and facility management.

Companies in this industry include residentialand commercial construction, bridge androadway construction, excavations, demolitions,and large-scale services supporting theconstruction industry.

Companies that relate to items purchased byindividuals and includes companies involvedwith food production, packaged goods, clothing,beverages, automobiles and electronics.

Companies that engage in the mechanical, physical,or chemical transformation of materials, substances,or components that support the production of afinal product.

Companies that manage money, such as creditunions, banks, credit-card companies, insurancecompanies, accountancy companies, consumerfinancecompanies, stock brokerages, and investment funds.

Companies that provide goods and servicesthat are used to treat patients, including hospitals,pharmaceutical companies, rehabilitationcompanies, or other service providers directlyrelated to the medical system.

Companies that produce coal, oil, natural gas orelectricity, as well as other service providers directlyrelated to the creation or development of powerand energy.

Companies that consist of land and buildingownership and companies involved in the buying,selling, or leasing of retail or personal properties.

Aviation

Business Services

Construction

Consumer Goods

Financial Services

Healthcare

Manufacturing

Power and Energy

Real Estate

MoM -72.9%YoY -78.3%YTD -25.7%

MoM -44.1%YoY -77.1%YTD -40.9%

MoM -69.4%YoY -75.8%YTD -15.3%

MoM -71.9%YoY -81.0%YTD -31.6%

MoM -84.2%YoY -89.2%YTD -39.3%

MoM -30.4%YoY -47.0%YTD -15.8%

MoM -75.4%YoY -86.8%YTD -40.1%

MoM -84.1%YoY -92.7%YTD -36.6%

MoM -64.0%YoY -75.6%YTD -33.2%


| 9

5

10

15

20

25

30

35

40

Jul 2018 Oct 2018 Jan 2019 Apr 2019 Jul 2019 Oct 2019 Jan 2020 Apr 2020

32.3

6.8

35.7

27.728.5

33.7

31.931.1 31.2

29.9

27.2

29.5

32.0

30.1

27.4

30.1

33.9

31.6

33.4 33.6

25.0

30.329.5

32.931.4

Description

Companies in this industry include those with a primarypurpose to generate revenue through private charter oraviation-related services. It also includes companies with a corefocus in aviation manufacturing, design or development.

AVIATIONMoM -72.9% YoY -78.3% YTD -25.7%


| 10

5

10

15

20

25


21.4

5.5

24.3

22.2

18.6

19.7

22.9

20.3

21.6

19.0

20.4

22.122.5

21.0 21.2

23.3

21.821.7

20.5

19.3

21.420.9

18.1

23.9

20.5

Description

Companies in this industry include marketing and advertising,consulting, legal services, logistics and shipping, humanresources, staffing, leasing, security, outsourcing, and facilitymanagement.

BUSINESS SERVICESMoM -69.4% YoY -75.8% YTD -15.3%


| 11

2

4

6

8

10

12

14

16

18

20


16.5

3.3

18.317.6

13.7

18.1 18.2 18.2

14.6 14.5

15.4 15.5

17.9

15.3

16.4

17.6

15.8

16.9

15.915.3

16.5

14.9

17.5

15.4

11.8

Description

Companies in this industry include residential and commercialconstruction, bridge and roadway construction, excavations,demolitions, and large-scale services supporting theconstruction industry.

CONSTRUCTIONMoM -71.9% YoY -81.0% YTD -31.6%


| 12

5

10

15

20

25


19.1

5.6

24.3

16.816.0

22.9

13.3

18.3

19.5

20.8

17.5

19.0

21.3

20.1

21.2

19.1

9.9

20.1 20.3

21.5

18.7

15.9

21.9

18.0

14.1

Description

Companies that relate to items purchased by individuals andincludes companies involved with food production, packagedgoods, clothing, beverages, automobiles and electronics.

CONSUMER GOODSMoM -44.1% YoY -77.1% YTD -40.9%


| 13

5

10

15

20


20.6

2.3

23.9

19.1

17.8

22.1

16.6

20.019.9

18.8

20.8

21.9

19.5

21.3 21.721.2

20.120.8

20.0

14.6

20.3

21.5

18.0

21.0

17.1

Description

Companies that manage money, such as credit unions, banks,credit-card companies, insurance companies, accountancycompanies, consumerfinance companies, stock brokerages, andinvestment funds.

FINANCIAL SERVICESMoM -84.2% YoY -89.2% YTD -39.3%


| 14

20

25

30

35


30.8

16.0

35.1

29.128.4

26.0

33.9

24.8

32.5

27.4

31.030.3

26.1

31.0

27.5

30.6 30.9

23.0

30.7

32.1

29.1

31.8

28.1

32.3

28.2

Description

Companies that provide goods and services that are used totreat patients, including hospitals, pharmaceutical companies,rehabilitation companies, or other service providers directlyrelated to the medical system.

HEALTHCAREMoM -30.4% YoY -47.0% YTD -15.8%


| 15

5

10

15

20

25


20.2

2.6

24.624.4

17.717.1

16.0

22.9

15.816.7

22.1

15.7

18.618.419.4

21.0

18.8

17.6

19.9

10.5

22.1

17.6

20.4

21.8

15.8

Description

Companies that engage in the mechanical, physical, or chemicaltransformation of materials, substances, or components thatsupport the production of a final product.

MANUFACTURINGMoM -75.4% YoY -86.8% YTD -40.1%


| 16

0

5

10

15

20

25

30


17.0

2.0

27.0

20.0

24.9

19.018.3

24.0

21.9

25.1

21.0

18.8 18.4

22.5

20.7

18.5

20.2

18.219.318.8

21.622.6

19.1

12.5

18.9

Description

Companies that produce coal, oil, natural gas or electricity, aswell as other service providers directly related to the creation ordevelopment of power and energy.

POWER AND ENERGYMoM -84.1% YoY -92.7% YTD -36.6%


| 17

4

6

8

10

12

14

16

18

20


15.8

4.2

18.8

17.9

14.714.5

15.3

18.4

17.6

18.4

17.7

16.616.716.216.516.7

16.4

14.0

14.8

16.1

17.3

18.3

17.0

14.8

11.7

Description

Companies that consist of land and building ownership andcompanies involved in the buying, selling, or leasing of retail orpersonal properties.

REAL ESTATEMoM -64.0% YoY -75.6% YTD -33.2%


| 18

MoM -66.7%YoY -77.0%YTD -29.8%

FLIGHT HOUR ACTIVITY BY REGION

Venezuela, Columbia, Ecuador, Peru, Bolivia, Paraguay, Brazil, Argentina, Chile, Uruguay and surrounding islands

Eastern, Western,Northern and Southernregions of Europe

Iran, Asia Minor,Mesopotamia, the Levantand the Arabian Peninsula

All sub-regions of the African continent, including the Northern, Southern, Eastern and Western sub-regions andsurrounding islands of the continent

All of the ASEAN countries, East Asia, the Pacific Islands,and the SAARC countries

Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Mexico

United States of America,Canada and surroundingislands and territories

North America

MoM -74.2%YoY -77.9%YTD -20.5%

MoM -68.8%YoY -79.0%YTD -27.8%

MoM -64.0%YoY -77.0%YTD -34.4%

MoM -62.3%YoY -77.5%YTD -32.8%

MoM -53.5%YoY -78.9%YTD -31.1%

MoM -48.5%YoY -73.2%YTD -35.3%

Central America

Europe

Middle East

Asia-Pacific

South America

Africa


| 19

5

10

15

20

25

30

35

40

45

50


26.0

6.7

46.9

29.0

35.3

32.2

38.439.3

33.5

39.5

36.6

33.3

29.6

34.0

43.2

40.1

34.9

38.4

30.031.3

17.9

28.4

34.8

43.7

35.5

Africa Asia-Pacific Central America Europe Middle East North America South America

Description

All sub-regions of the African continent,including the Northern, Southern,Eastern and Western sub-regionsandsurrounding islands of the continent

AFRICAMoM -62.3% YoY -77.5% YTD -32.8%


| 20

5

10

15

20


22.3

5.8

23.3

20.8

21.7

17.8

21.9

16.1

14.2

17.9 18.0

16.8

19.7

21.1

18.0

22.0

19.6

13.8

20.7

19.1

20.5

17.1

19.2 19.2

11.3


Description

All of the ASEAN countries, East Asia,the Pacific Islands, and the SAARCcountries

ASIA-PACIFICMoM -48.5% YoY -73.2% YTD -35.3%


| 21

5

10

15

20


19.7

4.6

22.5

20.5

15.916.1

22.0

20.6

17.9

21.2

19.0

21.8

19.2

20.2

17.2

18.318.1 18.2

21.7

20.2

18.0

14.6

17.2

19.8

18.8


Description

Belize, Costa Rica, El Salvador,Guatemala, Honduras, Nicaragua,Panama and Mexico

CENTRAL AMERICAMoM -68.8% YoY -79.0% YTD -27.8%


| 22

5

10

15

20

25

30

35

40

45

50


39.8

8.8

47.8

37.6

34.6

47.1

36.1

40.040.5

37.1

43.3

35.4

41.2

45.844.9

35.0

43.7 43.0

35.534.2

43.5

40.2

42.440.7

36.1


Description

Eastern, Western, Northern andSouthern regions of EuropeEUROPE

MoM -74.2% YoY -77.9% YTD -20.5%


| 23

5

10

15

20

25

30

35

40


22.3

5.8

35.3

33.1

30.2

21.1

18.9

22.2

25.726.4

22.1

27.6

25.025.8

21.9

12.5

34.1 34.1

25.8

23.5

26.3

22.5

27.0

20.8

28.6


Description

Iran, Asia Minor, Mesopotamia, theLevant and the Arabian PeninsulaMIDDLE EAST

MoM -53.5% YoY -78.9% YTD -31.1%


| 24

5

10

15

20

25


23.7

5.4

24.7

20.3

23.5 23.6

21.8 22.122.6

22.021.4

21.020.3

24.1

22.523.1

23.7

20.4

23.8 23.4 23.1 23.1 22.9

16.2

20.6


Description

United States of America, Canada andsurrounding islands and territoriesNORTH AMERICA

MoM -66.7% YoY -77.0% YTD -29.8%


| 25

2

4

6

8

10

12

14

16

18

20


13.1

3.7

19.6

15.7

14.0

11.8

14.8

16.616.8

13.9

16.4

12.1

17.3

13.6 13.6

15.8

14.6 14.514.515.2 15.0

16.1

14.7

10.3

16.3


Description

Venezuela, Columbia, Ecuador, Peru,Bolivia, Paraguay, Brazil, Argentina,Chile, Uruguay and surrounding islands

SOUTH AMERICAMoM -64.0% YoY -77.0% YTD -34.4%


| 26

-27.5%MoM

-54.8%YoY

-32.4%YTD

FLIGHT HOUR ACTIVITYBY AIRCRAFT TYPE

-84.7%MoM

-71.3%MoM

-57.3%MoM

-88.3%YoY

-78.0%YoY

-70.2%YoY

-27.3%YTD

-28.0%YTD

-29.9%YTD

Helicopter - This aircraft type leverages rotors to supply lift and can take off and land vertically. The aircraft’s attributes allow it to hover, fly forward and laterally, and operate in areas and regions where fixed-wing aircraft cannot.

Large Cabin - This aircraft type is classified as any aircraft with a maximum take-off weight of 38,000 pounds or greater.

Medium Cabin - This aircraft type is classified as any aircraft with a maximum take-off weight between 20,000–38,000 pounds.

Small Cabin - This aircraft type is classified as any aircraft with a maximum take-off weight below 20,000 pounds.


| 27

0

5

10

15

20

25

30

35


23.3

10.9

31.8 31.7

18.719.6

18.5

23.9

18.8

24.1

16.5

20.8

18.6

25.1

16.1

23.3

18.8

23.5

25.126.5

24.9

29.4

16.7

15.1

28.3

30.7

3.7

32.731.2

29.6

32.3

28.1

31.429.9

32.6

29.4

31.830.8

29.431.0

29.931.2

29.130.4

31.7 31.3 30.729.5

23.9

5.1

24.3

21.521.320.2

22.2 22.323.5

20.7

22.622.623.3

22.423.2 23.4 23.4

20.3 20.8

17.6

23.0

21.2

6.3

23.322.6

20.521.221.0 21.1

19.9

22.221.4

17.9

22.121.0

20.321.8

18.3

24.2

AVERAGE FLIGHT HOURSBY AIRCRAFT TYPEMoM -71.0% YoY -78.7% YTD -28.6%


Helicopter Large Cabin Medium Cabin Small Cabin

| 28

-81.1%MoM

-86.5%YoY

-27.4%YTD

FLIGHT HOUR ACTIVITYBY AIRCRAFT AGE

-71.0%MoM

-62.6%MoM

-62.6%MoM

-76.2%YoY

-70.5%YoY

-74.2%YoY

-22.3%YTD

-19.5%YTD

-30.2%YTD


| 29

5

10

15

20

25

30

35

40


36.7

5.3

39.0

34.2

39.0

33.134.7

36.2

33.1

37.1

33.7

35.8

37.6 37.138.0 37.9

33.5

38.7

36.735.1

38.637.8 37.9

28.0

38.5

26.5

6.7

28.226.8

21.7

28.2

24.425.7

27.327.927.4

26.526.026.125.1

26.327.1 27.1 26.5

27.626.8

23.0

27.2

23.8 24.3

21.0

24.7

21.1

23.5

18.619.2

22.621.1 20.720.820.2

21.923.2

20.8

16.4

23.1

19.220.5

19.720.7

22.623.1

21.419.9

22.1 22.5

20.221.7 22.021.6 22.1

19.1

15.2

21.8 21.7 22.1

19.918.4

23.8

AVERAGE FLIGHT HOURSBY AIRCRAFT AGEMoM -69.3% YoY -77.5% YTD -27.2%


0 to 5 6 to 10 11 to 15 15+| 30

Description

FAR Part 91 operators follow regulations defined bythe U.S. Federal Aviation Administration (FAA) foroperation of aircraft. FAR Part 91 governs theoperation of non-commercial aircraft.

-100%

-80%

-60%

-40%

-20%

0%

20%

40%


-87.4%

-70.6%-74.3%

36.1%

0.0%

-63.9%-59.7%

-93.3%

-83.3% -84.1%

-67.9%

-100.0%

-75.3%-80.9%

-33.0%-37.9%

-34.0%

-64.7%

-24.8%

-38.3%

Part 91 Part 135

FLIGHT HOUR ACTIVITY BY REGION (PART 91)MoM -64.3% YoY -76.4% YTD -27.0%


MoM % YoY YTD| 31

Description

FAR Part 135 operators follow regulations defined bythe U.S. Federal Aviation Administration (FAA) foroperation of aircraft. FAR Part 135 governs certaintypes of commercial aircraft, such as non-scheduledcharter and air-taxi operations.

-100%

-80%

-60%

-40%

-20%

0%


-33.2%

-65.9%

-58.8%

-94.7%

-68.7% -67.2%

-73.2%

-86.8%

-79.5%

-95.4%

-78.5%

-67.5%

-34.9%

-22.1%

-40.5%

-22.0%

0.0%

-35.4%

-24.1%

Part 91 Part 135

FLIGHT HOUR ACTIVITY BY REGION (PART 135)MoM -68.8% YoY -79.1% YTD -35.3%


MoM % YoY YTD| 32

0

5

10

15

20

25

30

35


18.7

4.6

20.3

18.117.2

18.019.4

18.617.6

19.1 19.5

17.718.9

18.1 18.7

12.8

18.9 18.2 18.6 19.0 19.0 18.717.9

17.2

31.0

6.6

33.0

26.8

30.9

28.2

31.5

25.3

29.6 29.729.7

32.731.6

24.9

26.9

30.9

26.325.5

31.9 31.6 31.4

29.330.7

21.1

AVERAGE FLIGHT HOURSBY FLIGHT PROFILEMoM -66.2% YoY -77.6% YTD -30.9%


Part 91 Part 135 | 33

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| 34

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Documents

Business Aviation Index - Roxhill Media