Business Aviation, and Its “Declinations” Have Responded with a Positive Feat to the Global Crisis

Cristiano Rizzi and Paolo Rizzi

Chapter 5 in The Impact of COVID-19 on World Aviation Industry:Challenges and Opportunities, 2022, pp 159-210 from World Scientific Publishing Co. Pte. Ltd.

Abstract: COVID-19 brought all commercial airlines to their knees, but at the same time saw a niche of private airlines report a 400% increase in requests and bookings. The massive explosion in this niche market can be attributed to travel restrictions and social distancing recommended by governments all around the world and to the recommendations of the World Health Organization (WHO)…

Keywords: Impact of COVID-19; Aviation Industry; Aviation Industry Corporation of China (AVIC); Chicago Convention; Coronavirus Aid; Relief; and Economic Security (CARES); Act; Lessors; Leasing Companies; Environmental; Social and Governance ESG; Environmental Product Declaration; Green Aviation; Greener Aviation; Air Mobility; Urban Air Mobility (UAM); General Aviation; Business Aviation; Air Transportation; International Civil Aviation Organization (ICAO); Airport Council International (ACI); International Air Transportation Association (IATA); Cargo; Cargo Services; Business Flying; Aerial Work; Air Navigation Services; Civil Aviation; CORSIA; Sustainable Aviation Fuel (SAF); CO 2 Emissions; Sustainable Development Goals (SDGs); Lower Carbon Aviation Fuels (LCAF); Vertical Take-Off and Landing (VTOL); eVTOL (ElectricVTOL); Vertiport; Electrical Propulsion; Boeing; Airbus; Embraer; Very Ligh Jets; Personal Jet; Light Business Jet; Midsize Business Jet; Large Business Jet; Ultra Large Business Jet; Gulfstream; Bombardier; Dassault; Falcon; Textron Aviation Inc.; Beechcraft; Cessna; King Air; Eviation; Supersonic; Supersonic Renaissance; Aerion; Spike Aerospace; Overture; Virgin Galactic; Green Finance; Sustainable Investment; Green Bonds; Green Mutual Funds; China Civil Aviation Administration (CAAC); Low Altitude; Air Space (search for similar items in EconPapers)
JEL-codes: L93 M16 (search for similar items in EconPapers)
Date: 2022
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