Directional Aviation’s on-demand private jet charter brokerage FXAIR reports its off to a strong start since launching at the end of July
In July, Directional Aviation’s OneSky Flight unit launched FXAIR. The on-demand private jet broker focuses on “premium” charters.
At the time, executives said the launch was moved up to take advantage of the sure of interest in private aviation.
Directional’s Sentient Jet reported December as the best month in its 21-year history. And now, FXAIR on social media is sharing numbers from its first half-year.
The private aviation provider says it has arranged more than 4,000 on-demand charter flights flying over 8,000 passengers. In total, the flights have reached 600 destinations.
Some back of the envelope math shows the numbers translate to about 22 flights per day.
FXAIR didn’t release revenue numbers. However, if one guesses a flight runs between $10,000 and $20,000, that would infer between $40 million and $80 million in revenues. Sentient reports tracking $400 million in jet card sales last year.
Among other key players, Wheels Up has said its membership grew last year to 10,000 from 6,000 and is on target to hit $1 billion in revenues in 2021. While NetJets doesn’t release sales numbers, it reported May was its best month for new customer acquisitions since 2007.
In addition to arranging flights on a one-off basis, FXAIR also offers a membership program starting with a $100,000 deposit.
FXAIR accesses Flexjet operated Challenger 300 and Global Express private jets that had left its sister company’s fractional program as well as vetted third-party operators. In November, its president Gregg Slow said future access might extend to Nextant 400XTis recently returned from Europe, as well as Phenom 300 light jets