By almost any metric, business aviation is enjoying one of the strongest periods in its history. Manufacturers are reporting record sales, OEM backlogs in some cases stretch years into the future, and private flying remains far above pre-pandemic levels as more well-heeled travelers continue to enter the market. To many, it feels like an industry with limitless momentum.
But aviation has been in this situation before — and the warning signs of structural risks now emerging look uncomfortably familiar.
