ARGUS Releases 2013 Business Aircraft Activity Review & Q1 2014 Forecast

Cincinnati, Ohio, February 10, 2014 ARGUS TRAQPak data is serial-number specific aircraft arrival and departure information on all IFR flights in the US (including Alaska and Hawaii) and Canada. The table below reflects business aircraft activity data for 2013 & 2012. A copy of this report and previous reports can be found at www.argus.aero/traqpak_monthlyreport Business aviation flight activity has a strong finish in 2013. TRAQPak data indicates that while 2013 flight activity had a slow start (activity was down 1.7% as compared to the same period in 2012), the second half of the year was up 1.0% over July - December 2012. Q4 2013 flight activity was up 1.6% over Q4 2012. Unfortunately the gains seen in the second half of the year weren't enough to overcome the slow start, overall activity for the year showed a slight decrease of 0.3% as compared to 2012. Part 135 flight activity posted a banner year in 2013 with an increase of 11.3% from 2012. The Part 135 sector had an increase in flight activity every month in 2013 (over the previous year). The fractional industry suffered in 2013 due to the shutdown of Avantair and changes in CitationAir's operating model; the fractional industry saw a decrease of 9.2% overall. The Part 91 market also struggled in 2013 with only one month, December 2013, coming in higher than December 2012. The Part 91 sector finished 2013 down 4.2% overall from 2012. Aircraft category results indicated a strong market for all three jet categories, lead by large cabin jets. The large cabin jet segment posted gains across the board, finishing with a year over year increase of 5.5%. Small & mid-size cabin aircraft posted gains for the year of 3.1% & 2.0% thanks in large part to the Part 135 market. The turboprop sector, affected by Avantair's ceasing operations, finished the year down 6.6% from 2012. The largest single year over year increase was in the Part 135 mid-size cabin market with a rise of 18.7%. 2014 1st Quarter Forecast* Looking ahead to 2014 TRAQPak analysts estimate that there will be a 1.7% overall increase in flight activity for Q1 2014 (over 2013). It is further estimated that most of that increase will be carried by the Part 135 segment. The initial forecast for the Part 91 segment sees activity as flat for Q1 2014; ARGUS expects that any gains or losses for the quarter will be nominal. While ARGUS does anticipate that the fractional market will continue on a negative trend into the 1st quarter of 2014; it is anticipated that fractional industry activity will see an improving trend midyear 2014.