Ionic Insights: The Business Jet Fleet in Switzerland (May 2023)
To coincide with EBACE 2023 taking place in Geneva next week, this edition of Ionic Insights focuses on Switzerland.
We analyse the size, composition and age of the installed business jet fleet, whilst simultaneously investigating the most popular aircraft registries, OEMs and base locations.
Background
Located at the heart of Europe and with a population of a little under 9 million, Switzerland has the second highest per capita GDP in the world (USD 86,850 as of 2020 - Source: IMF).
Almost three quarters of Swiss GDP is generated by the services sector, with industry generating 25% and agriculture the remaining 1%.
From banks to aircraft maintenance organisations, operators to OEMs (most notably Stans-based Pilatus), Switzerland continues to play a leading role in the business aviation sector.
Analysis
Switzerland boasts a substantial, installed business jet fleet of 150* aircraft (*Source: AMSTAT, May ‘23), nearly forty percent of which are based in the country’s largest city and financial centre of Zurich.
Given Switzerland’s geography and the international footprint of much of the country’s large ultra-high-net-worth community and businesses, Ultra-Long-Range aircraft dominate and in fact represent nearly four out of every ten aircraft.
Dassault is the largest OEM by fleet size, with the Falcon 2000, 7X and 8X models being particularly popular. Cessna (Textron) comes a close second and dominates the Light/Very-Light Jet segment. Contrary to belief, corporate airliners (‘Bizliners’) such as the ACJ and BBJ product lines represent only 3% of all aircraft.
Overall, the average age of the fleet is younger than 12 years; fifty percent of which are registered domestically (HB-).
The largest aircraft operators are Global Jet, Jet Aviation and Albinati Aeronautics.
See the following slide for further information:
Source: AMSTAT, May 2023.
Ionic Aviation will be attending EBACE in Geneva from 23-24 May. We look forward to seeing you there!