Overwhelmed Greek island hit by mass tourism fears for its 3,000-year-old vineyard

Travel

Wine production on a popular Greek island faces an existential threat from mass tourism.Vines have been cultivated on the island of Santorini for over three thousand years, and winemaking is traditionally an important economic activity.However, the land used for vine cultivation has drastically dropped since the last century.While 3,000 hectares were under cultivation in the 1960s, just under 1,000 remain covered by vines today.One of the main reasons for the decrease is the ever-expanding tourism sector.Developers have been buying up land as they look to build more villa complexes, hotels and restaurants.As a result, vineyards have been snapped up by construction firms and covered in concrete.“The construction of tourism developments is threatening the unique landscape of the island,” Markos Kafouros, a local MP and the chairman of Santo Wines, told the Telegraph.Islanders have for centuries used a unique method to grow their vines, known as the “ambelia”.The plants are pruned to form a low vegetable basket where grapes are protected and mature without being damaged by sand carried by the wind.Santorini has seen an explosion in the number of cruise tourists, with thousands visiting the island daily during the peak summer season.Last year, the Cyclades island experienced as many as 16,000 to 17,000 cruise passengers on one day alone.Authorities on the island say they want to reimpose a cap of no more than 8,000 cruise passengers in a single day.Santorini’s mayor, Nikos Zorzos, warned in May that overtourism was causing environmental degradation and a loss of local character.And in August, speaking about the pressure on the island created by cruise ship arrivals, he told the Guardian: “There have been times when the pressure is unbearable.”Everywhere jam-packed with people who have no time to stop, no time to enjoy, who are actually full of angst because they are so rushed.”

Foreign Office issues Italy ‘severe weather warning’ after tragedy strikes tourist hotspot

Travel

Brits heading off to Italy have been warned of “severe weather flooding” as red and orange weather alerts have been enforced across the country and are expected to remain in place until Tuesday, October 22. The UK Foreign Office has urged Brits travelling to Italy to check with their tour providers before heading to the region and strongly advised them to “follow the instructions of local authorities”. The warning comes after an influx of bad weather ravaged parts of both central France and Italy.This extreme weather is expected to continue as it moves southwards of Italy until October 22.So far, there has been one death after a car was swept away in a flood wave in the town of Pianora.The worst-hit region was Emilia Romagna in northern Italy, with its capital city, Bologna, receiving roughly 160 millimetres of rain.Liguria, in the northwest, also saw the brunt of this heavy rainfall. The region is home to the “Italian Riveria” coastline and includes the popular destination of Portofino.As many Brits embark on holidays during October half-term, the Foreign, Commonwealth and Development Office (FCDO) warned: “Severe weather and flooding is affecting many areas of Italy particularly Emilia Romagna and Liguria.”The Italian army was dispatched to Castel Maggiore to support the Fire Department and Civil Protection in rescuing residents. One man has sadly lost his life after his vehicle was trapped in the flood waters in Botteghino di Zocca, according to Italy’s fire and rescue service, Vigili del Fuoco.Italy’s Minister of Interior, Matteo Piantedosi, offered his condolences to the victim’s family in a post to X on Sunday, October 20.Piantedosi also thanked all public agencies who helped during the crisis, which have so far included around 155 rescues, and said: “My gratitude to the firefighters, the civil protection workers and the police forces, and to all those who intervened from the first hours to make the population safe,” he said.Warnings have also been put in place for roads and rail services in the surrounding areas which may be affected.Residents were also evacuated in the municipality of Cadelbosco di Sopra after the Crostolo torrent, a tributary of the river Po, overflowed.According to Euronews, emergency services rescued people from roofs of buildings in Sicily, with the city of Agrigento being inundated with flood water after the Salto River breached its banks.River Elsa also burst its banks affecting Florence, while a tributary of the river Po, Italy’s longest, overflowed and affected residents in Cadelbosco di Sopra.The Foreign Office warned UK travellers to be on alert if visiting Italy, as severe flooding continues to plague the country with residents advised to avoid any non-essential travel.

UK tourists in Spain ‘flee beaches’ after latest protests target holidaymakers

Travel

Several British tourists were reportedly forced to “flee beaches” from popular Spanish destinations as anti-tourism protests swept across the areas.A wave of protests is sweeping through popular Spanish tourist hotspots, including Barcelona and Tenerife, as locals rally to demand action against skyrocketing rents and the impact of mass tourism.On Sunday, a crowd of over 8,000 people took to the streets to express their outrage at soaring rent prices and tell authorities: “We don’t need more tourists.”Unlike previous anti-tourism protests, Sunday witnessed a significant influx of demonstrators at key tourist hotspots across the Canary Islands.Some protests took place at popular beaches. British holidaymakers were caught off guard, forced to take cover or quickly exit as frustrated locals demanded measures like raising the tourist tax or even implementing a complete “moratorium” on all visitors.At Tenerife’s Playa de las Americas and Troya beaches, tourists hid behind their beach towels as a large march swept through. Protesters carried signs in English urging them to go home.The crowd united under the slogan “The Canary Islands have a limit,” blaming the influx of visitors for their creaking public services, chanting “more tourists, more misery.”Tourists on other islands, including Gran Canaria, Fuerteventura, Lanzarote, La Palma, and El Hierro, also saw noisy protests at beaches and shopping centres.El Mundo, a Spanish news outlet, reported that these anti-tourist groups have now combined under the banner “The Canary Islands have a limit”.As anti-tourism groups from Barcelona to the Canary Islands unite, signs suggest that the movement will likely escalate, with more coordinated protests expected.This comes despite the Spanish government’s efforts to reduce the effects of mass tourism, such as banning over 14,000 illegal holiday rentals in Madrid alone.The newly formed anti-tourist group said in a statement on Sunday: “We will go to the tourist areas because that is where the injustice we are denouncing is taking place and because that is where we want to confront the system that is destroying our islands.”However, these actions have barely scratched the surface of the discontent felt by locals in Spain’s tourist hotspots. The influx of tourists snapping up properties has led to soaring living costs and displaced residents.The Canary Islands are particularly affected, with one in three houses now owned by non-Spaniards.The ‘Canary Islands have a limit’ campaigners stated: “While tourist areas prosper at the expense of our landscapes and resources, many local communities suffer the consequences: increased cost of living, loss of housing for residents, job insecurity and environmental deterioration.”

Canary Islands tourist protesters told ‘you’re d*******s’ after storming Tenerife beach

Travel

A protest against mass tourism took place in Tenerife on Sunday (Image: GETTY)Protesters who stormed a Tenerife beach and surrounded holidaymakers in their swimwear during an anti-mass tourism demonstration held on Sunday were branded “d*******s” on October 21, as anger over their actions grew.Astonishing pictures emerged on the afternoon of October 20 of nonplussed foreigners being circled by flag-waving locals yelling, “This beach is ours” and banging drums and blowing whistles.The surreal scenes occurred after hundreds of protestors diverted from their planned seafront route in Playa de las Americas in Tenerife and ended up taking over Troya Beach shortly after midday.One couple ended up trapped on their beach towels after protestors made a beeline for them on the sand carrying a banner which appeared to say ‘Jediondos’ which is Spanish slang for ‘foul-smelling’.There were reports of hundreds of demonstrators jeering holidaymakers on neighbouring Gran Canaria, one of six islands in the Atlantic archipelago where the co-ordinated anti-mass tourism protests were held yesterday, six months after the last ones in the island capitals.The placard reads: ‘The beaches are ours’ (Image: Getty) READ MORE: Brits targeted and forced to flee beach, ‘Go Home Tourist’ signs appear in Spain The turnout this time round was down on the April 20 protests and the feeling was growing today that demonstrators had shot themselves in the foot with some of their actions despite earlier promises tourists would not be targeted.Canary islander Veronica Quintero said of the Tenerife beach revolt: “What they did was a d*****d thing to do. We have to fight for quality tourism but not against those who come here.“We shouldn’t f*** the tourist who is on the beach because they have paid for an offer.”Another local raged: “I don’t understand, countries competing, innovating to get money in the form of tourist investment or whatever because things are getting tough and these ignorant people with good telephones, well-fed thanks to the investments that have been made on this island.”Ayoze Vera, referring to the placard appearing to allude to tourists equating to ‘smelly people’ said: “I’ll stick with the ‘jediondos’ poster image. There we realise what kind of people go to these things.”Activist Daniel Cabrera, who was on the march and sought to defend the beach action, insisted overnight: “One of the reasons people went onto the beach is because it’s one of the most polluted and it’s right next to all the hotels and businesses in the area.“We want tourism, what we do not want is over-exploitation and garbage tourism that does not benefit the local economy. Seventy-five per cent of the money from island hotels and other businesses ends up outside of Spain and that can’t be tolerated.”Initial reports put the number of protesters who joined the Tenerife march at around 2,000 people, although government officials later said they estimated some 6,500 had taken part with organisers putting the figure even higher.Hundreds stormed Troya Beach after leaving the Metropolis shopping centre start-point at midday local time.Locals were heard shouting, “No hay camas pa’ tanto guiri” – which in English would translate as, “There’s not enough beds for so many foreigners”.One woman was carrying a cardboard poster which said in badly-spelt English: “Tourists, go f*****g home.”A few thousands people joined the protest (Image: Getty)Other posters borne by protestors said, “Enjoying a day at your pool? That water could be going on food” as well as, “Macrotourism destroys Canary Islands” and “The Canaries have a limit. More trees, less hotels”. Another placard in Spanish read: “The Canaries Don’t Live off Tourism. Tourism lives off the Canaries.”The focus of the protest in Gran Canaria was also a popular holiday resort – Maspalomas in the south of the island where most of the hotels British tourists stay at are based. Some demonstrators walked behind a large banner which said in Spanish: “We’re foreigners in our own land.”Tourists watched on from hotel rooftops as the protestors walked past them, with reports a small handful of locals had taken the opportunity to stick their middle fingers up at holidaymakers and others to jeer them, prompting the visitors to blew kisses back at them.One protestor was filmed being put into handcuffs for what was described as a minor offence as onlookers taking part in the march shouted at officers surrounding him. There were no reports of any other arrests.Yesterday’s Canary Island protests took place under the motto: “The Canaries Have A Limit.”The protest comes six months after a massive anti-mass tourism demonstration was held in April (Image: Getty)Organisers claimed their regional and island governors had been guilty of “complete inaction” over the past six months since the last demonstrations.They also said the number of tourists the islands attract, 16 million last year with 17 million expected to visit the region this year, is unsustainable.Their demands include the introduction of a tourist tax as well as limits to be placed on the purchase of property by non-residents.One of the speakers at a rally held at the end of the Tenerife march said: “We need less hire car, improvements in public transport and we need to stop being so many people per square kilometre. Each new golf course, each new hotel and each attack on our environment will mean that there will be more people who will join the fight and turn the pain that it causes us into the fuel that drives us to continue this battle.”Ahead of yesterday’s marches British expat engineer Brian Harrison, who is actively involved in environmental campaigning in Tenerife and took part in the island demo, said: “We’re taking our protest to the holiday heartlands this time round and not the island capitals to educate visitors to the fact there’s serious problems here, but also because it poses the biggest nightmare to our political leaders that anti mass-tourism demos are going on in tourist areas.“These politicians go to tourism trade shows around Europe promoting the islands as a paradise and the last thing they want is something like this. It was a big decision to do this because none of the 70 groups that made up the 20A movement behind these new protests is against tourism or say there should be no tourism but it had to be taken because nothing’s changed since the last ones.”If anything, he added, “things have gone backwards”. He also said: “The protests are going to be noticed by British and Irish tourists holidaying in the Canaries because we’re taking our fight to them and want to show them the Canary Islands are not the paradise they’ve been sold and there are consequences of them being here in the quantities they are.”He went on to add, although he admitted it was difficult to control what everyone said and did: “No-one needs to have any concerns we’ll offend tourists in any way. Placards are being made up but they’re against the government and not the foreign holidaymakers.“It will be a peaceful protest and a safe protest. We want to be effective not offensive, in line with the guidelines from the organisers.”Yesterday’s protests were the latest in a series of demonstrations and other actions that have taken place across mainland Spain as well as the Balearic Islands already this year.

Bombardier’s Global 8000, the World’s Fastest Business Jet, Speeds Forward as Manufacturing Begins

Business News

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail LinksGlobeNewswireAuthor of the article:GlobeNewswirePublished Oct 21, 2024  •  4 minute readBombardier Global 8000 GNWArticle contentBombardier manufacturing sites in Saint-Laurent (Québec), Red Oak (Texas) and Querétaro (Mexico) have begun to manufacture key components for the 1st Global 8000 production aircraft*The Global 8000 will be the fastest civil aircraft since the Concorde, with an industry-leading top speed of Mach 0.94 and an impressive range of 8,000 nautical miles, making it the ultimate business aircraftBombardier’s new ultra-long range business jet continues to excel with flight testing fully on track and initial certification agency flight tests conductedAdvertisement 2Story continues belowThis advertisement has not loaded yet, but your article continues below.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorArticle contentMONTRÉAL, Oct. 21, 2024 (GLOBE NEWSWIRE) — Bombardier today announced that manufacturing of major structural components for the 1stGlobal 8000 production jet is underway across Bombardier facilities in Saint-Laurent (Québec), Red Oak (Texas) and Querétaro (Mexico). Set to enter into service in the second half of 2025, the Global 8000 private jet will stand alone as the world’s fastest and longest-range purpose-built business jet, innovatively crafted with the smoothest ride and the industry’s healthiest cabin. The aircraft also continues to impress in flight testing, achieving positive results throughout its campaign.“The manufacturing process for what will be the industry’s fastest business jet, the impressive ultra-long-range Global 8000, has begun,” said David Murray, Executive Vice President, Manufacturing, IT and Bombardier Operational Executive System. “Our engineering and production teams continue to demonstrate unmatched levels of expertise, pride and innovation, qualities that are an intrinsic part of Bombardier’s DNA. Our people’s mastery is behind the progress we are making at our production sites and underscores Bombardier’s culture of excellence, as well as our commitment to elevating the world of aviation.”Top StoriesGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don’t see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againArticle contentAdvertisement 3Story continues belowThis advertisement has not loaded yet, but your article continues below.Article content“Our customers will soon be able to step aboard an aircraft that sets the standard as the fastest and longest-range purpose-built business aircraft in history, allowing them to reach destinations farther and faster than ever before,” added Jean-Christophe Gallagher, Executive Vice President, Aircraft Sales and Bombardier Defense. “Connectivity, comfort and arriving refreshed are just as important today than speed and range, which is why we are proud that the Global 8000 will boast the best-in-class cabin altitude and offer Bombardier’s signature smooth ride.”The aircraft will feature an industry-leading range of 8,000 nautical miles and an unequaled top speed of Mach 0.94, unlocking more city pairs than ever before including Dubai-Houston, Singapore-Los Angeles, London-Perth and many others. With four true living spaces and a separate crew rest area, the Global 8000 aircraft will be capable of flying up to 8,000 nautical miles non-stop. The discerning business jet will also feature the most generous cabin size in its class along with the industry’s heathiest cabins.Advertisement 4Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentThis incredible business aircraft will also deliver in terms of its in-flight experience. The luxurious cabin will incorporate revolutionary features introduced on the Global 7500 aircraft that dramatically improve passenger comfort including an available Principal Suite with a full-size bed and a stand-up shower in the En-suite. Revolutionary cabin advancements will also include entertainment control and connectivity, the intuitive nice Touch CMS and OLED touch dial and Bombardier’s l’Opéra directional audio sound system to ensure passengers receive an unrivalled cabin experience.In anticipation of the planned entry-into-service of the Global 8000 business jet, an upgrade is currently available for purchase by existing Global 7500 aircraft clients through one of Bombardier’s aircraft service centres. Benefits of the upgrade will include improving the aircraft’s top speed, increasing its range and providing passengers with exceptionally low cabin altitudes.About BombardierAt Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.Advertisement 5Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentFor them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico.   For InformationFor corporate news and information, including Bombardier’s Environmental, Social and Governance report, as well as the company’s plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system visit bombardier.com.Learn more about Bombardier’s industry-leading products and customer service network at businessaircraft.bombardier.com. Follow us on X (Twitter) @Bombardier.Advertisement 6Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentMedia ContactsGeneral media contact webformMatthew Nicholls +1-514-243-8214 [email protected]*The Global 8000 aircraft is currently under development and remains to be finalized and certified. All specifications and data are approximate, may change without notice and are subject to certain operating rules, assumptions and other conditions. It is expected to enter service in 2025. Please also see the forward-looking statements disclaimer at the end of this press release.Bombardier, Global, Global7500, Global 8000 and Bombardier’s l’Opéra are registered or unregistered trademarks of Bombardier Inc. or its subsidiariesForward-looking statementsThis press release contains certain forward-looking statements. By their nature, forward-looking statements require the Corporation to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from those set forth in the forward-looking statements. Please refer to the “Forward-Looking Statements” disclaimer contained in Bombardier Inc.’s most recently published financial report for additional details.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/245ee065-cd60-408f-b264-f0cfc481846eArticle contentShare this article in your social networkComments Join the Conversation Featured Local Savings

EU joins up with venture capital firms to boost region’s tech sector

Technology

BRUSSELS (Reuters) – The European Union said on Monday it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’s tech sector is lagging the United States and China.The initiative, dubbed by the EU as the “Trusted Investors Network”, comes as Europe tries to keep pace with the bigger and more innovative tech industries in China and world-leader the United States.The EU said 71 investors from across Europe, holding in total more than 90 billion euros ($98 billion) worth of assets, had signed up to the initiative whereby they will invest in European deep-tech companies.It added that the agreement with the venture capital firms fitted with recommendations in a report published last month by former European Central Bank chief Mario Draghi, in which Draghi said the EU needed far bigger and quicker investments to keep pace economically with the United States and China.”By joining forces with venture capital, we are responding to the urgent challenges laid out in the Draghi report that call for bold action to ensure Europe’s competitiveness in critical technologies,” said EU Commissioner Iliana Ivanova in a statement.Data published in July showed that artificial intelligence deals had lifted U.S. venture capital funding to its highest level in two years.($1 = 0.9221 euros)(Reporting by Sudip Kar-Gupta; editing by David Evans)

EU joins up with venture capital firms to boost region’s tech sector

Technology

BRUSSELS (Reuters) – The European Union said on Monday it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’s tech sector is lagging the United States and China.The initiative, dubbed by the EU as the “Trusted Investors Network”, comes as Europe tries to keep pace with the bigger and more innovative tech industries in China and world-leader the United States.The EU said 71 investors from across Europe, holding in total more than 90 billion euros ($98 billion) worth of assets, had signed up to the initiative whereby they will invest in European deep-tech companies.It added that the agreement with the venture capital firms fitted with recommendations in a report published last month by former European Central Bank chief Mario Draghi, in which Draghi said the EU needed far bigger and quicker investments to keep pace economically with the United States and China.”By joining forces with venture capital, we are responding to the urgent challenges laid out in the Draghi report that call for bold action to ensure Europe’s competitiveness in critical technologies,” said EU Commissioner Iliana Ivanova in a statement.Data published in July showed that artificial intelligence deals had lifted U.S. venture capital funding to its highest level in two years.($1 = 0.9221 euros)(Reporting by Sudip Kar-Gupta; editing by David Evans)

Honeywell Forecast Shows Increased Demand for New Business Jets, Stable Growth for Next Decade

Business News

Honeywell published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe.

Based on survey results, Honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year’s forecast. However, the five-year new jet purchase plans of business aviation operators surveyed remained on par with last year’s results,indicating that demand for new aircraft is stabilizing well above pre-pandemic levels. In addition, the survey reveals ongoing plans by business jet manufacturers to ramp up production in response to strong backlogs and stable book-to-bill ratios persisting through 2024. 

“The business aviation industry is in a prolonged period of healthy growth, and we don’t see that positive trend changing any time soon,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace Technologies. “Business aviation continues to see more users and, as a result, manufacturersare ramping up production to keep pace with growing demand, a trend we expect to continue for the foreseeable future. Despite a mixed macroeconomic environment and challenging geopolitical circumstances, operators are optimistic about their flight activity increasing in 2025 and beyond.”

Key findings in the 2024 Honeywell Global Business Aviation Outlook include:

• New business jet deliveries in 2025 are expected to be 12% higher than in 2024. Expenditures are expected to be 11% higher.

• Five-year purchase plans for new business jets are comparable with last year’s survey and equivalent to 18% of the current fleet. Fleet additions are consistent with results from a year ago at 3% of the fleet, which is in line with historical industry performance.

• More than 90% of those surveyed expect to fly more or about the same in 2025 than in 2024.

• Large jets are expected to account for about two-thirds of all expenditures of new business jets in the next five years, consistent with last year’s results.

• 82% of respondents consider “Performance” among their top three most important criteria when purchasing their next aircraft. “Cost” was second at 60%. 

New Business Aviation User Update: Returning to a Stable Growth Environment  

Following an influx of first-time business aviation users into the industry throughout the COVID-19 pandemic, combined with record levels of flight activity, the industry has begun to return to a more stable growth environment at new elevated levels of production and flight activity. Demand remains robust for new aircraft as business jet manufacturer backlogs stay strong and production volumes ramp up to accommodate that higher demand. 

Based on the findings of this year’s survey, several key industry trends to watch include:  

• Demand for New Aircraft: New aircraft models introduced in recent years have driven increased demand for new aircraft, a trend which survey results indicate will continue throughout this decade and into the early 2030s. 

• Flight Activity & Utilization Levels: Flight activity is expected to increase in 2025 relative to 2024, especially for those who currently operate at high utilization levels. The reduction in barriers to access business aviation in recent years, driven by the introduction of new shared access models, has enabled a persistent flow of new customers opting for business aviation alternatives for their travel needs.

• Fractional Operators: Fractional operators may be the largest beneficiaries of new customer growth, and they are also benefitting from traditional operators wanting to supplement their current operations with fractional shares. The business aviation industry has experienced changing dynamics in recent years, resulting in new higher levels of aircraft deliveries and flight activity than seen in the previous decade, and the sector appears poised to achieve stable growth on top of this over the next decade.

Regional Breakdown: North America Sees Strongest Demand, But Latin America Shows Optimism

North America: North America will see 66% of the five-year new jet deliveries, which is consistent with historical demand for the region. 30% of respondents from North America expect to fly more next year, amounting to a large proportion of the demand, which is likely contributing to the sustained growth of new jet deliveries.

Europe: European operators will comprise 13% of the five-year new jet deliveries, which is one percentage point below last year’s share and follows a similar trend over the past few years. A strong regional focus on sustainability, environmental pressures, and the availability of alternative transit options are the likely cause of this slight dip in new aircraft demand.

Latin America: Operators in Latin America will account for 10% of the five-year new jet deliveries, which is an increase of five percentage points from their share in 2023. In contrast to last year, respondents in Latin America are optimistic about favorable macroeconomic conditions, which will likely drive increased flight activity as well as demand for new jets. This effect is particularly strong in Brazil where year-over-year flight activity growth is stronger than the global average.

Asia Pacific: Operators in Asia Pacific will make up 7% of the five-year new jet deliveries. APAC is returning to typical fleet growth after several years of decline throughout the pandemic. There is a notable uptick in flight activity in Australia, where departures are up nearly double digits year-over-year.

Middle East/Africa: Fleet growth here accounts for 3% of the five-year new jet deliveries, which is a decline of three percentage points from last year’s surveyed expectations. Flight activity in the region declined year-over-year through the first half of 2024, likely due to conflicts in the region.

Preowned Aircraft Update: Market Cools From Record-Low Inventory Levels

The market for pre-owned aircraft is cooling after record low inventory levels in 2021 and 2022, but used aircraft values remain strong relative to the previous decade. While pre-owned aircraft inventory will likely continue to increase slowly, prices should remain stable, thereby supporting steady demand for pre-owned aircraft. Operators mentioned expecting to rely on pre-owned aircraft purchases to expand their fleets slightly more than in prior years.

Sustainability in Business Aviation: Fuel-Efficient Aircraft Recognized as Most Effective Method of Improving Environmental Impact

In light of Honeywell’s commitment to driving aviation sustainability and reaching carbon neutrality by 2035 in its operations and facilities, this year’s survey – for the fourth consecutive year – features an analysis of sustainability in business aviation and also examines how operators are trying to lower their carbon footprint. Several key findings include: 

• European operators show the most proactive behavior in lowering their carbon footprint, with North American operators lagging slightly behind. However, the total number of operators taking proactive steps in North America is still greater than any other region given the much larger volume of business aviation operations in the region.

• According to those surveyed, the acquisition of new, more fuel-efficient aircraft is considered to be the most effective method to reduce environmental impact, with 85% of respondents mentioning this to be ‘very effective’ or ‘moderately effective.’

o However, this method is only being utilized by 60% of operators who report proactively taking steps to minimize their carbon footprint. These “proactive” operators also outline the use of sustainable aviation fuel (SAF) as another key method for improving their environmental impact, with 55% of this group mentioning its use in their operations.

o 75% of operators rank cost as one of the top three obstacles to adopting SAF into their operations, followed by its availability at 64%.