After two years of post-pandemic unsustainable growth, the business aviation market is experiencing a major step back, according to LunaJets, a provider of private jet charter solutions based in Geneva. “Our industry is highly cyclical and exposed to macro swings, so we are not surprised by this slowdown in Europe. We had largely anticipated this situation but nonetheless remain very concerned by this new market,” notes LunaJets’ CEO Eymeric Segard.
“Low interest rates, M&A and corporate activities at all-time highs are clearly behind us, as we foresee a hard landing for our industry with potential supply dislocation risks if conditions remain,” Segard continues.
“We were pleased to report a 40 per cent revenue growth to nearly $150 million and a record of 1,250 new clients for 2022, despite a slow down since last August. However, from January our revenue and bookings have decreased by three per cent,” comments Guillaume Launay, the group head of sales. “This is disappointing but well above market average. Overall, our summer pre-booking level, although a little later than normal, remains strong, whereas pricing and availability are much better than last year. We now predict a return to normal after the chaotic summer of 2022 due to airport and supply issues having abated significantly.”
“LunaJets, an independent market platform with a strong brand and healthy financial situation (debt-free) leveraging its 15-year track record of disciplined growth and profitability, is uniquely positioned to address the new challenges and opportunities in the private jet industry,” mentions Alain Leboursier, LunaJets’ managing director. “We think like a start-up and behave like a global group. This short-term market slow down does not distract us from our long-term strategy, and we have opened three new offices since January; last February in Dubai DIFC led by Caroline Cresp, Zurich in April managed by Thomas Hauser and finally two weeks ago Madrid managed by Carlos Matallana, a former executive at Gestair, the leading Spanish operator.”
As LunaJets' clear and disciplined strategy is attracting new employees and executives, the company is delighted to announce the recent appointment of Roman Nefedov, coming from Ralph Lauren, as the new marketing director.
This international expansion is a testimony to LunaJets’ core vision to create the most efficient platform to book a charter anywhere in the world. Supported by its unique expertise LunaJets aims to guarantee access to the best operators, fleet and most recent aircraft using SAF fuel and offsetting their carbon footprint.