COVID-19 has caused a divide in business aviation. This is not like the bifurcation of the market after the 2008 economic crisis, when wealth destruction and over-production caused light-jet demand to collapse while sales of large-cabin jets continued largely unscathed. Instead, driven by health concerns, it is a division of the market between private and corporate flying. Business-aircraft activity has recovered more quickly than commercial aviation. But that rebound has been led by private flights to the safety of second homes and not corporate flying on business trips.
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