Business Fleet Report YE 2022 Europe

LUXAVIATION
Luxaviation CEO Patrick Hansen is predicting a strong and buoyant
business aviation market in 2023, despite the fact that growing
costs are bringing low margins to the sector.
“I’m sure that for the next six to twelve months, people will continue
to live on the buoyancy and the structural issue of the market,” said
Hansen, adding that people are living in a certain time when they
don’t see the deficiencies.
The major deficiency, he says, are the extremely low profit margins
due to increasing costs and regulatory issues, which have been
witnessed across all regions.
He also believes that certain investors should check growth
numbers and put messages of growth and buoyancy in perspective
as they compare with Covid time numbers.
“Over the last two years, a lot of people are living off
announcements of significant growth. It was very easy to grow very
much when there was little activity in 2020,” he said. “I’ve seen a lot
of extremely buoyant messages coming out from various industry
players. I think there should be reality checks behind it when it
comes to the true numbers.”
“For the business aviation market in general, 2022 was a good year
except for the last two months where you could see a slowdown.
Some business owners might see their business in a much better
light than what it actually is.”
Since it was founded in 2008, Luxaviation has made major
acquisitions including Fairjets, Abelag, Unijet, and ExecuJet, and
has expanded its FBO networks in Germany, the US, and Australia.
In 2021, the Luxembourg-based company announced a partnership
with Lilium for future operations of its seven-seat Lilium Jet.
Looking into the future, Hansen said the company will continue
its path of growing the global FBO network as well as expanding
its activities in the US market although COVID-19 has slowed the
company’s business and expansion process over the past few years.
Talking about the company’s thoughts on the emerging advanced
air mobility (AAM) industry and the billions of dollars that have
been invested in it, Hansen said it is only a matter of time for
commercial air taxis to become a reality.
“I’m a firm believer that sooner or later AAM will become a reality.”
I’ve seen a lot of extremely
buoyant messages coming
out from various industry
players. I think there should
be reality checks behind it
when it comes to the true
numbers.”
YE 2022 EUROPE BUSINESS JET FLEET REPORT | 15