International Finance

Millennials develop positive outlook on the future of business aviation, says survey

millennials, ThinkYoung, EBAA, Geneva, Business Aviation, European Business Aviation Convention & Exhibition, Germany, France, United States, Switzerland
The survey published by the European Business Aviation Association reflects three components that predict millennials' expectations: Environmental-friendly aircraft, ride-sharing and the ability to fly when and where they want

The survey, Expanding Horizons: How Millennials see the Future of Business Aviation, was published in cooperation with ThinkYoung and released at the 2018 European Business Aviation Convention & Exhibition (EBACE2018) in Geneva. It asked young people between 18 and 25 in four key European countries—Germany, France, the United Kingdom and Switzerland about mobility, business aviation and the future of sustainable personal air transport.

The findings reveal that millennials are hopeful flying will become easier and cleaner in years to come. They also expect business aviation to become much more accessible for the next eneration of users and for individuals seeking lucrative career opportunities.

Three key findings from the survey are:

  • Millennial views on transport are closely linked to concerns about the environment: 40% said that climate change is the megatrend that will have the biggest impact on the development of sustainable personal air transport. Artificial intelligence and digitisation come next. They also expect most research on innovation in aviation to focus on making air transport more sustainable.
  • Millennials say the best thing about business aviation is the freedom and flexibility that it offers: 62% believe that the main benefit of business aviation its ability to take people where they need, when they need.
  • Millennials believe that while technology will find solutions to mobility questions, there will still be concerns about cost, trust and safety. For example, 60% of Millennials are ready to use ride-sharing air services, but only 46% are ready to use automated ride-sharing air services.

They see future mobility as an efficient, environment-friendly whole. They recognise the potential for business aviation to drive technological change in the wider aviation sector. And they can see its increasing accessibility and democratisation.

EBAA Chairman Jürgen Wiese said the survey gave the business aviation sector a valuable platform to connect to young people in an ever-changing environment. “Integrating the Next Generation into our industry is paramount for the sector to master the transition into the next age of aviation. This report shows how this can be done and is just a starting point for many more encounters to follow. We are committed to listening and engaging with Millennials to expand our horizons together,” he said.

ThinkYoung’s Founder and Chief Thinker Andrea Gerosa said the survey would be a valuable resource for the business aviation sector as it moved to expand its reach. “Millennials are rarely asked what they think, but they will determine our future. EBAA has looked two steps ahead: they have asked the Next Generation for their opinions on the future of transport, and they have pledged to take on board the messages from Millennials.”

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.