Pilatus Invests $50M in Colorado Delivery Centre, but PC-12 Per-Aircraft Utilization Notably Declines YoY — Fleet Expansion Pace Far Outpaces Demand Growth

Pilatus broke ground on a $50M delivery centre and manufacturing engineering facility at Colorado KBJC; same period acquired Germany's Air Alliance to strengthen European network; Cutter Aviation also opened a PC-12/PC-24 service centre at KBJC. However AviGo data reveals supply-demand imbalance signal: US PC-12 active fleet surged from 449 to 822 (+83.1%), but movements only grew from 130,778 to 133,800 (+2.3%); per-aircraft quarterly movements fell from ~291 to ~163. PC-24 active fleet grew 13.5% (74 → 84); movements near-zero growth (+0.02%); per-aircraft utilization fell from 158 to 140. Although active fleet data may be affected by methodology changes, the trend of movement-growth pace far lagging fleet-expansion pace warrants attention. For MRO and FBO: more aircraft means more maintenance demand, but declining per-aircraft flight intensity may impact fuel and ground service revenue. Confidence ★★ (AviGo data + KG events, but active-fleet methodology differences warrant attention).