Ionic Insights: The Business Jet Fleet in Poland

This, the latest in our series of detailed aviation market insights, focusses on the installed business jet fleet in Poland. We analyse the size, composition and age of the installed fleet, whilst simultaneously investigating the most popular OEMs, operators and aircraft types.

Economy

Home to a population of over 36 million and being the fifth largest country in the European Union by land mass, Poland’s GDP exceeds $300 billion and accounts for some 4.4% of the block’s total output.

Poland's economy is dominated by services, manufacturing and agriculture. Services account for over 50% of all activity and include the fast-growing tourism and technology sectors. Industry accounts for over one-third of GDP, with the production of automotive, machinery and domestic products, chemicals and furniture being particularly prevalent. Agriculture also remains important; the country is a significant exporter of a range of food products including apples, potatoes, beets and rye.

The Business Aircraft Fleet

Poland has a relatively small installed business jet fleet of 59 aircraft. The fleet is young with an average age of only 11 years.

Light/Very Light and Midsize/Super-midsize categories dominate; whilst Textron (Cessna/Hawker-Beechcraft) and Bombardier are the largest OEMs by fleet size, with 27% and 25% of the fleet respectively. The Cirrus Vision SF50, Hawker 400XP, Challenger 300/350/3500 and Pilatus PC-24 models are particularly popular.

93% of aircraft are registered domestically (SP-); whilst almost three quarters of all aircraft are based in and around the capital city of Warsaw.

The largest aircraft operators are Jet Story and AMC.

Market Outlook

Poland’s growth into a modern services-driven economy, combined with the continued expansion of its ICT and defence sectors will lead to a steady growth in aircraft ownership. A new generation of technology companies and entrepreneurs will drive the transition from ownership of Light, Midsize and Super-midsize jets to larger and more range-capable aircraft types. It is fair to assume that the availability of affordable financing will grow in parallel.

Albeit small at present, recent market activity would suggest that Poland is - in the opinion of Ionic Aviation - a market to watch.

Source: AMSTAT, Sep 25.