Analyzing my forecast for BizAv in 2023 – At the beginning of last year, I wrote a blog about what I thought 2023 would hold for the business aviation industry. Now, a year on, I’m taking a look at those predictions with the benefit of hindsight.
Forecast 1: Complete recovery from the effects of the pandemic
We should all take pride in the fact that our industry has fully bounced back fully from the pernicious impact of the pandemic. Further to this, I foresaw a bump in demand for private travel as borders opened and entry and exit restrictions were eased around the world. Undoubtedly, 2023 was an incredibly busy year for the trip support community, brokers, manufacturers, and other service providers.
Forecast 2: Integration of technological advancements
In 2023, the integration of innovative technologies such as electric aircraft, unmanned aerial vehicles, and automation was the strongest yet. This not only led to more efficiency in operations but solidified the structure to support aviation sustainability in the coming decades. Electric aircraft and unmanned aerial vehicles have entered new certification levels and sustainable practices have become increasingly widespread.
Forecast 3: Increased focus on sustainability
Well, if this wasn’t the buzz word of 2023! The year saw business aviation companies invest more in sustainable technologies and practices to further reduce the impact of air travel on the environment and meet the goals of carbon neutrality by 2050. There were so many impressive sustainability strides this year, and that is something we can each be enormously proud of. BizAv really demonstrated its commitment to carbon neutrality as well as the innovation of the community in helping each other reach our goals.
Forecast 4: Evolving regulatory landscape
As regulations continue to evolve, business aviation companies need to ensure they stay up-to-date and compliant. That’s why UAS teamed up with FCC Aviation in 2023 to add Taxation and Emissions Regulatory Advisory service to our portfolio of solutions.
As I predicted, 2023 was a year of impressive progress for the business aviation industry, with a focus on building an eco-system based on regulations and the most advanced technology that will support aviation sustainability into the future.
Let’s hope that 2024 is as good a year for BizAv!
Check out my blog for early 2023 here.
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