After two years of post-pandemic unsustainable growth, the business aviation market is experiencing a major step back.
“Our industry is highly cyclical and exposed to macro swings, we are not surprised by this slowdown in Europe,” noted LunaJets’ CEO Eymeric Segard.
“We had largely anticipated this situation (LunaJets’ Ebace 2022 press release) but nonetheless remain very concerned by this new market.
“Low interest rates, M&A and corporate activities at all-time highs are clearly behind us, as we foresee a hard landing for our industry with potential supply dislocation risks if conditions remain”.
A Slow Start of the Year for LunaJets
“We were pleased to report a 40% revenue growth, to nearly $150M, and a record of 1,250 new clients for 2022, despite a slow down since last August.
“However, from January our revenue and bookings have decreased by 3%” comments Guillaume Launay, the Group Head of Sales, “which is disappointing but well above market average.”
“Overall, our summer pre-booking level although a little later than normal, remains strong, whereas pricing and availability are much better than last year.
“We now predict return to normal after the chaotic Summer 2022 due to airport and supply issues have abated significantly”.
New Offices and Executives
“LunaJets, an independent market platform with a strong brand and healthy financial situation (debt-free) leveraging its 15-year track record of disciplined growth and profitability is uniquely positioned, to address the new challenges and opportunities in the private jet industry” mentions Alain Leboursier, LunaJets’ Managing Director.
“We think like a start-up and behave like a global group, this short-term market slow down does not distract us from our long-term strategy, we have opened three new offices since January.
Last February, in Dubai DIFC, led by Caroline Cresp, Zurich in April, managed by Thomas Hauser and finally two weeks ago, Madrid managed by Carlos Matallana, a former executive at Gestair, the leading Spanish operator”.