Gama Aviation research reveals expansion of European business flight destinations | Press Release

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Press Release

Issued by Gama Aviation.

May 20, 2015

Gama Aviation research reveals expansion of European business flight destinations

New research from Gama Aviation (stand V045), the global aviation services company, has revealed that the increase in business flights in Europe over the past five years has been driven by the fast growth of flights emanating from emerging European economies.

Last year there were 358,978 business flight departures across Europe – 5.6% more than there were in 2009, when there were 339,852. Gama Aviation believes that this increase is down to the recent growth in demand for business air travel in countries such as Turkey and Russia, as well as their major international trade partners such as Germany.

Marwan Khalek ceo of Gama Aviation Plc commented: “Over the past five years Europe has seen an increase in the number of business flights, with an average of 52 more departures every day in 2014 than in 2009. Whilst many of these flights are between established economic centres such as London, Geneva and Paris, we have noticed that there is significant growth taking place in growing economies.

Marwan Khalek continued: “What is clear from looking at this research is that many of the countries that have experienced the highest increase in business flights over the past five years have also conducted a lot of business together. Germany, for example, is the biggest export partner for the Czech Republic, Hungary and Turkey, and the rapid economic growth in these countries has allowed them to expand their international business dealings, which has in turn necessitated the use of frequent business travel.”

Further analysis by Gama Aviation's of Europe's busiest business airports reveals that the major hubs still centre around major economic centres, with Paris Le Bourget (65 business flights per day in 2014), Geneva Cointrin (46), London Luton (35) and Moscow Vnukovo (30) all featuring in the top 10. However, significant growth in business flight departures has been recorded in Istanbul Sabiha Gökçen (191%), Ankara Esenboğa (80%) and Sheremetyevo International (35%) over the past five years.

Gama Aviation is exhibiting at EBACE for the first time since completing a reverse takeover of Hangar 8 plc and being listed on the London Stock Exchange. It is exhibiting at stand V045 at EBACE 2015, which runs from 19th – 21st May at Palexpo in Geneva International Airport, Switzerland.