More European business travellers are flying into the UK by private jet to take advantage of the fall in the value of the pound as Brexit looms according to Air Partner, the global aviation specialists.
Air Partner say they have seen the number of private jets chartered by European business travellers increased by nearly ten per cent between July and August 2018, compared to the same time last year.
The trend towards more business travellers flying into the UK comes amid speculation whether a UK-EU Brexit deal could be reached in the next few months and a recent rally by the pound against the Euro, though there is continuing volatility in the markets.
Julia Timms, Air Partner’s Chief Marketing Officer, said: “Our latest figures seem to indicate there is continuing business confidence in the UK from European businesses, with bookings for private jet travel increasing by eight per cent compared to the same time last year.
“We are also seeing continuing confidence in private jet travel as well as a subtle change in which sectors are flying for business reasons, showing private jet charter remains fiercely competitive for corporates.
“Even with Brexit looming on the horizon we remains perfectly positioned to offer a very strong alternative to traditional scheduled legacy carriers, with premium options as part of a bespoke travelling experience, providing unrivalled flexibility to even the most demanding of business travellers.”
While private flying for corporates has traditionally been dominated by private equity companies, wealth management and banking, Air Partner has also noted a shift towards bookings for business travellers from IT, telecoms, pharmaceuticals, the music industry, oil and gas sectors, and the MICE market.
Air Partner has also seen an increase in corporate group charter for the meeting and incentives sector, especially for tech and pharmaceutical companies.
The top five UK airports being used by European business travellers are:
- Luton
- Farnborough
- Northolt
- Biggin Hill
- Manchester
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