Rest of World Growth Analysis

Rest of World Growth Analysis Growth Drivers and Emerging Market Dynamics | January 2026 Australian and African Growth Air Link Pty Limited leads absolute flight gains with 52 additional flights (+20.88% MoM), though -5.35% YoY reflects normalization from elevated 2024 activity. NATIONAL JET EXPRESS (+12.42% MoM, +9.04% YoY) demonstrates steady Australian domestic expansion, serving essential regional connectivity.

Sete Taxi Aereo (+20.25% MoM, +55.74% YoY) from Brazil signals Latin American expansion, while Global Jet Luxembourg (+16.28% MoM, +44.93% YoY) demonstrates continued demand for ultra-long-range charter services connecting emerging markets with European centers.

Emerging Market Specialists Falcon Aviation Services leads YoY growth at +123.68%, with +32.81% MoM confirming sustained Gulf region demand. Karnavati Aviation (+18.09% MoM, +113.46% YoY) from India demonstrates the subcontinent's accelerating business aviation demand driven by tech sector growth and expanding UHNW populations.

Skyline Aviation TR (+38.33% MoM, +97.62% YoY) from Turkey highlights business aviation growth at the Europe-Asia crossroads. Fai Aviation Group (+47.27% MoM, +39.66% YoY) suggests expanding Middle Eastern demand for specialized charter services.

Asia-Pacific and Latin America Siam Land Flying from Thailand (+29.85% MoM, -8.42% YoY) demonstrates Southeast Asian demand fluctuation, with strong monthly recovery but negative YoY suggesting competitive pressure. Royal Class (+18.92% MoM, -4.35% YoY) shows similar recovery patterns, indicating broader market normalization from elevated 2024 baselines.

Three operators show recovery patterns (positive MoM, negative YoY): Air Link, Siam Land Flying, and Royal Class. These demonstrate healthy monthly rebounds while facing tougher year-over-year comparisons, warranting monitoring for sustainability into Q1 2026.

Growth Sustainability The average MoM growth of +25.51% across Rest of World operators reflects moderate but broad-based post-holiday recovery. Seven of 10 operators show dual positive growth, indicating fundamental demand strength across diverse geographic markets from Australia to Latin America to the Middle East.

Regional Outlook Rest of World operators are positioned for continued expansion through Q1 2026. Falcon Aviation Services and Karnavati Aviation's exceptional YoY growth rates (+123.68% and +113.46%) signal structural demand expansion in Gulf and Indian markets. Brazilian operator Sete Taxi Aereo's +55.74% YoY growth suggests Latin American demand acceleration beyond seasonal patterns.

Market Cluster Operators Avg MoM Avg YoY Key Players Gulf/Middle East 2 +40.04% +81.67% Fai Aviation, Falcon Aviation India 3 +18.09% +113.46% Karnavati Aviation Turkey 2 +38.33% +97.62% Skyline Aviation TR Latin America 1

+20.25% +55.74% Sete Taxi Aereo Asia-Pacific 1 +29.85% -8.42% Siam Land Flying Australia/Regional 1 +16.65% +1.85% Air Link, National Jet Express