Business aviation activity increased in February, according to a monthly report from Argus International.
The Argus TRAQPak report said IFR flights in the U.S., Canada and Caribbean were up up 6.9 percent in February 2016 compared with the same month a year ago. Argus said without the extra day in February 2016 because of leap year, business aviation activity was up 3.3 percent in the same period.
General aviation business flights saw the highest year-over-year increase, at 8.6 percent, while business charter flights increased 6 percent between February 2015 and February 2016, Argus said. Fractional operations edged up 2.4 percent in the same period.
In terms of aircraft, turboprops posted the largest gain in the period, up 9.5 percent, followed by large cabin jets, up 7.5 percent, small cabin jets, up 7.2 percent, and mid-size jets, up 3.7.
Argus is forecasting a 2.2 percent overall increase in business aviation activity in March, and a 4 percent overall increase in the first quarter of 2016.
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