Private jet charter including jet cards and jet membership programs are a bright spot in business aviation
Honeywell has released its 26th annual Business Aviation Outlook and it projects 8,300 new private jets will be delivered over the next 10 years at a value of $249 billion. It’s an interesting comparison to its pre-Recession forecast in 2007 which called for 14,000 net private jets to be delivered over the past decade worth $233 billion.
Long-haul, luxury private jet operator VistaJet is touring one of its Bombardier Global 5000s October 16-23 in the U.S.
VistaJet, which last month secured $150 million in new financing, making it a self-proclaimed Unicorn, a privately held company with a billion-dollar valuation, delivered more good news this morning. For North America, it said new program customers increased three times year-over-year, new program hours increased 146%, flight departures increased by 30%, and program hours increased 210% quarter over quarter. It also noted 45% of program customers who have joined in past 12 months have booked additional hours. As a result, it is increasing its U.S. based fleet by 50%.