Paris-Le Bourget Airport
Set in 553 hectares and 7 kilometres North of Paris, Paris-Le Bourget Airport is the leading business airport in Europe. With its three runways and parking areas, it can accommodate all types of aircraft.
Paris-Le Bourget is also an important centre of the aviation industry: some thirty buildings accommodate more than 60 maintenance firms, aircraft equipment and facilities, and airport services. The airport's ongoing operations generate over 3,500 direct jobs. The number of aircraft movements totalled 57.295in 2018.
Awareness of the Paris-Le Bourget airport is enhanced by its proximity to the Paris-Le Bourget Exhibition Park, which every two years hosts the International Paris Air Show (SIAE).
The Paris-Le Bourget airport is a major focus of the Group's property business and a large proportion of Paris-Le Bourget Airport's property income is closely linked to business aviation.
To reduce noise pollution for local residents, jet aircraft departures, the use of reverse thrust devices and the use of Runway 2 by planes over 5.7 tonnes are prohibited between 10:15 pm and 6:00 am.
The business aviation market
Business aviation is used both as a professional tool by companies as well as by individuals in three complementary ways:
- Commercial business aviation : where charter transport companies lease aircraft "taxis" with their crew for the duration of a flight, the travel costs of which depend on the type of plane and the number of flight hours.
- Fractional aircraft ownership business aviation : in which a company acquires a share of a plane corresponding to a certain annual volume of flight hours.
- "corporate" business aviation : in which a company has its own fleet and employs its own crews for its exclusive needs.
The airport's strategy
The airport's strategy is built around an offer of high-end services to business travellers to accommodate a significant growth in business traffic and stimulate local economic activity.
The business aviation market offers considerable growth opportunities with the emergence of new products and services, the economic development of Eastern European countries (which are not well served by commercial airlines) and an increase in the performance of business aircraft.