Belgium’s FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy
Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - FlyingGroup's Fleet Expansion Targets Midsize and Large Jets
FlyingGroup, a Belgium-based aviation company, is making a strategic shift in its business model by expanding its fleet with a focus on midsize and large jets.
This move aims to cater to the growing demand for more spacious and comfortable aircraft in the private aviation sector.
The company's emphasis on operating a diverse range of jet models, such as the Pilatus PC24, suggests a commitment to providing clients with a versatile range of options.
FlyingGroup's new fleet will include the Pilatus PC-24, a versatile midsize jet capable of operating from short and unimproved runways, expanding the company's reach to remote locations.
FlyingGroup is exploring the possibility of consolidating its operations under a single European Union Aviation Safety Agency (EASA) Air Operator Certificate (AOC), streamlining its regulatory compliance and administrative processes.
Analysts estimate that the average size of business jets in FlyingGroup's fleet is expected to increase by 20% over the next 3 years, reflecting the company's strategic focus on midsize and large jet models.
The company's fleet expansion is designed not only to meet customer needs but also to strengthen its competitive position in the European business aviation market, particularly in its home country of Belgium.
Industry data suggests that the market share of midsize and large business jets in Europe has grown by 12% over the past 5 years, highlighting the growing preference for these aircraft types among private aviation clients.
What else is in this post?
- Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - FlyingGroup's Fleet Expansion Targets Midsize and Large Jets
- Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - Ninth Pilatus PC24 Joins FlyingGroup's Charter Fleet
- Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - New Headquarters at Antwerp International Airport
- Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - Belgian Private Jet Industry Growth in 2022
Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - Ninth Pilatus PC24 Joins FlyingGroup's Charter Fleet
FlyingGroup, the Belgium-based aviation company, has expanded its charter fleet with the addition of a ninth Pilatus PC-24 jet.
This latest acquisition underscores FlyingGroup's commitment to enhancing its capabilities in the business aviation sector and providing a versatile range of aircraft options to its clients.
The inclusion of this aircraft is part of a broader strategy by FlyingGroup to grow its fleet with larger jets, aiming to meet the increasing demand for premium air travel solutions in Europe and beyond.
Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - New Headquarters at Antwerp International Airport
Belgium's FlyingGroup has recently completed a new state-of-the-art headquarters at Antwerp International Airport, representing a significant investment of over five million euros.
This modern facility is designed to be 100% energy-neutral, aligning with the company's forward-looking vision and commitment to sustainability in the business aviation sector.
The new headquarters reflects FlyingGroup's strategic shift, emphasizing growth and innovation as the industry rebounds from previous challenges, solidifying the company's position as a major player in Benelux business aviation.
Belgium's FlyingGroup Expands Fleet with Larger Jets A Shift in Business Aviation Strategy - Belgian Private Jet Industry Growth in 2022
The Belgian private jet industry experienced significant growth in 2022, with private jet companies reporting record profits and a substantial increase in the total number of private jet flights.
This growth aligns with a broader trend in Europe, where private jet flights rose by 64% to a total of 572,806.
The surge in demand for private aviation is further highlighted by a 21% rise in prepaid private jet rentals and a forecast anticipating continued growth in both new and pre-owned private aircraft transactions through 2026.