Business Fleet Report YE 2022 Europe

REGIONAL OVERVIEW
There were 2,428 business jets operating in Europe at the
end of December 2022, which was a year-on-year increase
of 34 jets, or 1.4% of the fleet.
BUSINESS JET FLEET 2
Western Europe as a subregion accounted for 48% of the
total European fleet with 1,167 aircraft, led by Germany with
481, France with 217, Austria with 174 and Switzerland with
152. There was net fleet growth for Austria (ten aircraft)
and France (nine), with the former having the second
largest net fleet increase among all European markets. On
the other hand, there were fleet deductions for Germany
(four), Switzerland (seven) and Luxembourg (one). A net
fleet increase of nine aircraft was recorded for the Western
European fleet.
LARGEST MARKET
481
GERMANY
MOST NET FLEET
ADDITIONS
+11
MALTA
MOST NET FLEET
DEDUCTIONS
-9
SPAIN
Southern Europe had a fleet of 503 jets at the end of 2022,
an increase of 22 aircraft year-on-year, more than any other
European subregion. This growth was mainly attributed
to fleet growth in Malta (11 jets), Portugal (eight), Greece
(five) and Italy (four), offset by reductions in other countries
including Spain. The continuing popularity of Malta as an
operator base with an offshore register helped boost its
fleet once again, in particular the Long Range category.
NetJets’ operations out of Portugal also contributed to the
net additions. Net fleet change in percentage terms for
Southern Europe was 4.6% year-on-year.
Northern Europe recorded the only net fleet decrease
among the European subregions and during the year and
ended 2022 with a net decrease of five jets, or 1.1% less
than the end of 2021.There were fleet reductions across
this subregion including Denmark (six), Estonia (five),
Sweden (three), the United Kingdom (three) and Finland
(two), offset by additions in Lithuania (four) and Latvia
(seven). A total of 446 jets were in operation in Northern
Europe at the end of 2022.
The Eastern European fleet increased by a net of eight
aircraft year-on-year with a total of 312 at the end of
2022. Poland’s fleet grew by ten jets, mainly in the Very
Light category, which indicates the potential of increased
domestic and regional demand. There were also net fleet
increases in Hungary (four), the Czech Republic (two) and
Romania (one). Other countries in this subregion had small
reductions in their fleets, including Bulgaria (three), the
Slovak Republic (three), Cyprus (two) and Turkey (one).
The overall European market remained relatively strong
as demand increased for domestic and regional business
jet flights and there are the first signs of recovery in the
long-haul market. The Long Range fleet size increase since
the end of 2020 was almost 20%. However, some countries
and markets have fared worse as the industry progressed
to recover from the pandemic. The ongoing Russia-
Ukraine conflict posed additional challenges for European
operators, and the post-Brexit effect continued to impact
the UK – Europe market.
FLEET GROWTH IN MAJOR MARKETS
Net Fleet Growth
Growth Rate
SUBREGION 4 2021 2022 2021 2022
Southern Europe +25 +22 5.5% 4.6%
Eastern Europe +35 +8 13.0% 2.6%
Western Europe -1 +9 -0.1% 0.8%
Northern Europe -3 -5 -0.7% -1.1%
TOTAL +56 +34 2.4% 1.4%
Net Fleet Growth
Growth Rate
COUNTRY/REGION 2021 2022 2021 2022
Malta +11 +11 9.1% 8.3%
Austria +3 +10 1.9% 6.1%
Poland +3 +10 7.1% 22.2%
France -6 +9 -2.8% 4.3%
Portugal 0 +8 0.0% 6.8%
Greece +3 +5 13.0% 19.2%
Hungary +7 +4 53.8% 20.0%
Italy +14 +4 14.9% 3.7%
Czech Republic +3 +2 5.0% 3.2%
Belgium +6 +1 10.3% 1.6%
Netherlands 0 +1 0.0% 2.3%
Turkey +11 -1 10.3% -0.8%
Luxembourg -4 -1 -10.5% -2.9%
United Kingdom -14 -3 -4.6% -1.0%
Sweden 11 -3 31.4% -6.5%
Denmark -3 -3 -5.7% -6.0%
Germany 0 -4 0.0% -0.8%
Switzerland 0 -7 0.0% -4.4%
Spain -1 -9 -1.1% -10.3%
Others +12 0 9.9% 0.0%
TOTAL +56 +34 2.4% 1.4%
Ranked by 2022 net fleet growth in descending order from the highest.
YE 2022 EUROPE BUSINESS JET FLEET REPORT | 9